earnings
confidence high
sentiment negative
materiality 0.75
F&G Q1 net loss $25M (-$0.20 EPS); adjusted EPS $0.72 vs $0.86; record AUM $67.4B
F&G Annuities & Life, Inc.
2025-Q1 EPS reported
-$0.20
revenue$908,000,000
- Net loss attributable to common shareholders of $25M (diluted EPS -$0.20) vs net earnings $111M ($0.88) in Q1 2024.
- Adjusted net earnings $91M ($0.72) vs $108M ($0.86) prior year; adjusted ROE ex AOCI improved to 9.7% from 7.4%.
- Record AUM before flow reinsurance $67.4B (+16% YoY); gross sales $2.9B, net sales $2.2B; 96% fixed maturities investment grade.
- Completed 8M share public offering in March; net proceeds ~$269M; FNF bought 4.5M shares (82% ownership).
- Issued $375M junior subordinated notes in Jan; fully redeemed $300M senior notes in Feb; debt-to-cap 26.7%.