earnings
confidence high
sentiment positive
materiality 0.75
F&G Q3 adjusted EPS $1.22 beats $0.96 YoY; retail sales record $3.5B up 84%
F&G Annuities & Life, Inc.
2024-Q3 EPS reported
$2.38
revenue$4,185,000,000
- Net loss $10M ($0.08) includes $150M unfavorable marks; adjusted net earnings $156M ($1.22) vs $120M ($0.96) YoY.
- Gross sales $3.9B (+39% YoY); record retail annuity sales $3.5B (+84%).
- AUM before flow reinsurance $62.9B (+20% YoY); record AUM $52.5B (+11% YoY).
- Adjusted ROA 105bps vs 76bps a year ago; trailing twelve-month ROA 126bps.
- Issued $500M senior notes in Oct; used to fully pay down $365M revolver balance.