F&G Annuities reports Q4 adjusted EPS $1.12, consensus $1.20

Reports Q4 net sales $2.44B vs. $2.55B last year. CEO Chris Blunt commented, “We reported record gross sales of $15.3B for the full year 2024, a 16% increase over 2023. Notably, gross sales have more than tripled since 2020. During 2024, we achieved record full year retail channel and pension risk transfer sales due to favorable market conditions and secular demand for our products that is poised to persist. Lastly, we continue to execute our capital light, strategic initiatives through utilizing flow reinsurance and growing our owned distribution business which, taken together, offer F&G a higher return earnings stream. We enter 2025 with strong momentum and I am excited with the opportunities to further grow AUM before flow reinsurance and adjusted net earnings.”