F&G Annuities & Life Inc ( (FG) ) has issued an announcement.
F&G Annuities & Life reported a net loss of $10 million for Q3 2024, primarily due to unfavorable market effects, contrasting with a $306 million net earnings in Q3 2023. Despite this, the company saw robust sales growth with gross sales increasing by 39% to $3.9 billion, driven by record retail sales. Assets under management reached a record $62.9 billion, and adjusted net earnings rose to $156 million from $120 million year-over-year, highlighting strong investment returns and effective expense management.
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