Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
F&G Annuities & Life Inc (FG)
NYSE:FG
Holding FG?
Track your performance easily
Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.24Last Year’s EPS
$0.6Same Quarter Last Year
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -11.48%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Positive
The earnings call indicates a strong performance with significant sales growth across retail and pension risk transfer segments, along with robust asset management and investment performance. Despite some challenges from elevated surrender activity and related actuarial expenses, the overall sentiment is positive due to strong financial results and strategic growth initiatives.Company Guidance
During the F&G third quarter 2024 earnings call, CEO Chris Blunt highlighted several key metrics reflecting the company's robust performance and strategic direction. Gross sales reached $3.9 billion, a 39% increase from the previous year, with year-to-date sales at $11.8 billion, up 30%. Retail sales hit a record $3.5 billion for the quarter, doubling the prior year's figure, while net sales grew by 4% to $2.4 billion. Assets under management (AUM) also saw significant growth, totaling $62.9 billion, marking a 20% increase from Q3 2023. The company reported adjusted net earnings of $156 million, or $1.22 per share, with an adjusted ROA of 132 basis points. Citing a strong demand for retirement savings products and favorable demographic trends, Blunt expressed confidence in continued sales growth. Additionally, the pension risk transfer sales exceeded expectations, with $2.1 billion in sales for 2024 so far. The call also noted the strategic expansion into new distribution channels and product offerings like RILA, which is expected to scale significantly over the medium term.Strong Gross Sales Growth
F&G reported strong gross sales of $3.9 billion in Q3, up 39% over the prior year quarter, and $11.8 billion year-to-date, up 30% over the first 9 months of 2023.
Record Retail Sales
Retail sales reached a record $3.5 billion in Q3, nearly double the prior year quarter, with year-to-date sales of $9.5 billion.
Pension Risk Transfer Sales Surge
Pension risk transfer sales exceeded $2.1 billion for the first 10 months of 2024, surpassing full-year 2023 sales.
Assets Under Management Growth
Assets under management grew to a record $62.9 billion, a 20% increase over Q3 2023.
High-Quality Investment Portfolio
96% of fixed maturities in the investment portfolio are investment-grade, with 6 to 14 asset classes added since 2020.
Adjusted Net Earnings Increase
Adjusted net earnings were $179 million in Q3, up 21% from $148 million in Q3 2023.
Low Credit-Related Impairments
Credit-related impairments have averaged 5 basis points since 2020, remaining below pricing expectations.
---
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
---
FG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $47.19 | $45.00 | -4.64% |
| Aug 05, 2024 | $36.71 | $38.05 | +3.65% |
| May 08, 2024 | $39.88 | $39.41 | -1.18% |
| Feb 21, 2024 | $43.22 | $38.94 | -9.90% |
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.
---
FAQ
When does F&G Annuities & Life Inc (FG) report earnings?
F&G Annuities & Life Inc (FG) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is F&G Annuities & Life Inc (FG) earnings time?
F&G Annuities & Life Inc (FG) earnings time is at Feb 19, 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 2024 (Q4) is $1.24.
---