earnings
confidence high
sentiment positive
materiality 0.80
F&G reports Q4 2024 adj EPS $1.12 vs $0.60 YoY; full year record gross sales $15.3B
F&G Annuities & Life, Inc.
2024-FY EPS reported
$4.88
revenue$5,744,000,000
- Adj net earnings Q4 $143M ($1.12/sh) up from $75M ($0.60/sh); full year $546M ($4.30/sh) vs $335M ($2.68/sh).
- Record full year gross sales $15.3B (+16% YoY) driven by record retail and PRT sales; Q4 sales $3.5B (-15% YoY).
- AUM before flow reinsurance $65.3B (+17% YoY); record AUM $53.8B.
- Completed $500M senior notes in Oct 2024, $375M junior sub notes in Jan 2025, redeemed $300M senior notes.
- RBC ratio >410% above 400% target; returned $125M in dividends during 2024.