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F&G Annuities & Life Inc (FG)
NYSE:FG
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.25Last Year’s EPS
0.86Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: -19.59%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong overall performance for F&G Annuities & Life, Inc. in 2024, with record sales, AUM, and robust growth in retail channels and pension risk transfer segments. The company demonstrated strong financial metrics and strategic investments, although faced challenges such as decreased funding agreements and sequential compression in fixed income yield. Overall sentiment remains positive with a focus on continued growth and strategic execution.Company Guidance
During the F&G Annuities & Life, Inc.'s fourth-quarter and full-year 2024 earnings call, significant metrics were shared, highlighting a robust year. The company reported record gross sales of $15.3 billion for 2024, a 16% increase from 2023, with $3.5 billion in the fourth quarter alone. Retail channel sales soared to $12 billion for the year, marking a 20% rise, driven by strong demand for annuity and life solutions. Institutional market sales were $3.3 billion, including $2.3 billion in pension risk transfers (PRT). The company's AUM reached a record $65.3 billion, a 17% year-on-year increase, while net sales retained hit $10.6 billion, up 15%. Adjusted ROA excluding significant items was 127 basis points, a ten-basis point rise from the previous year, and adjusted ROE excluding AOCI and significant items climbed to over 12% from 10%. The year also saw $125 million returned to shareholders, alongside strategic investments in distribution companies, contributing to $65 million in EBITDA for 2024. Additionally, F&G maintained a strong balance sheet with a GAAP book value of $5.6 billion and a debt-to-capitalization target of approximately 25%.Record Sales and AUM
F&G Annuities & Life, Inc. reported record gross sales of $15.3 billion for the full year 2024, a 16% increase over 2023. Assets under management reached a record $65.3 billion, a 17% increase over the fourth quarter of 2023.
Strong Performance in Retail Channels
Record retail channel sales were $12 billion for the full year, a 20% increase over 2023. Record FIA, MYGA, and IUL sales were noted while maintaining service levels.
Pension Risk Transfer and Institutional Markets Success
Record pension risk transfer sales of nearly $2.3 billion for the full year reflect a 15% increase over 2023. The PRT in-force block crossed the $6.5 billion milestone.
Strong Financial Metrics
Adjusted net earnings for the full year 2024 were $657 million, up 22% over 2023. Adjusted ROA excluding significant items was 127 basis points, up ten basis points over 2023.
Strategic Investments and Partnerships
Invested $680 million in strategic owned distribution companies, generating EBITDA of $65 million in 2024 with an estimate of $90 million in 2025.
Credit Quality and Capital Allocation
97% of fixed maturities were investment grade with low credit-related impairments. Returned $125 million of capital to shareholders through dividends.
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FG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $43.79 | $39.97 | -8.72% |
| Nov 06, 2024 | $46.94 | $44.76 | -4.64% |
| Aug 05, 2024 | $36.52 | $37.85 | +3.64% |
| May 08, 2024 | $39.67 | $39.21 | -1.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does F&G Annuities & Life Inc (FG) report earnings?
F&G Annuities & Life Inc (FG) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is F&G Annuities & Life Inc (FG) earnings time?
F&G Annuities & Life Inc (FG) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FG EPS forecast?
FG EPS forecast for the fiscal quarter 2025 (Q1) is 1.25.
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