JACKSONVILLE, Fla. and DES MOINES, Iowa, Dec. 18, 2025 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF) ("FNF"), a leading provider of title insurance and transaction services to the real estate and mortgage industries, and F&G Annuities & Life, Inc. (NYSE: FG) ("F&G"), a majority-owned subsidiary of FNF, today announced that FNF's Board of Directors has determined the final distribution ratio relating to its previously announced special stock distribution (the "Distribution") to FNF sharehold ...

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Characteristics - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential [2] - Investing in bargain stocks with recent price momentum may be a safer approach [3] Group 2: F&G Annuities & Life, Inc. (FG) Analysis - FG has shown a four-week price change of 8.5%, indicating strong investor interest [4] - The stock gained 1.6% over the past 12 weeks and has a beta of 1.45, suggesting it moves 45% more than the market [5] - FG has a Momentum Score of B, indicating a favorable time to invest [6] Group 3: Earnings Estimates and Valuation - FG has a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which attract more investors [7] - The stock is trading at a Price-to-Sales ratio of 0.80, suggesting it is undervalued [7] Group 4: Additional Investment Opportunities - Besides FG, there are other stocks that meet the criteria of "Fast-Paced Momentum at a Bargain" [8] - Zacks offers over 45 Premium Screens to help identify potential winning stocks based on various investing styles [9]

Group 1 - F&G Annuities & Life, Inc. (FG) has seen a 15% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Amphenol Corporation (APH) has experienced an 8.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Lightspeed Commerce Inc. (LSPD) has reported a 9.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Allot Ltd. (ALLT) has seen a significant 57.1% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3] - Bread Financial Holdings, Inc. (BFH) has experienced a 22.2% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3]

Core Viewpoint - Investors should closely monitor F&G Annuities & Life, Inc. due to significant implied volatility in the options market, particularly for the Dec 19, 2025 $20.00 Put option [1] Company Analysis - F&G Annuities & Life currently holds a Zacks Rank 1 (Strong Buy) in the Life Insurance Industry, which is positioned in the bottom 42% of the Zacks Industry Rank [3] - Over the past 60 days, one analyst has raised the earnings estimate for the current quarter, resulting in a consensus estimate increase from $1.12 per share to $1.40 per share [3] Options Market Insights - The high implied volatility suggests that options traders anticipate a significant price movement for F&G Annuities & Life shares, potentially indicating an upcoming event that could lead to a major price change [2][4] - Seasoned options traders often seek to sell premium on options with high implied volatility, aiming to benefit from the decay of the option's value if the underlying stock does not move as much as expected [4]

Core Insights - Falcon Gold Corp. is advancing its permitting processes and exploring expansion opportunities across its Canadian assets, particularly in Central Canada, Central Newfoundland, and British Columbia [1][12]. Permitting Updates and Portfolio Optimization - The company is implementing an aggressive permitting strategy to prevent future bottlenecks and ensure timely advancement of key assets as market conditions improve [2]. - Permit advancements are in progress for the Central Canada Gold Project in Ontario, the 17,000-hectare Central Newfoundland land package (Stoney Lake Claims), and the Sunny Boy–Spitfire Project in British Columbia [3][10]. Central Canada Gold Project - The Central Canada Gold Project is located approximately 20 km southeast of Agnico Eagle's Hammond Reef Deposit within the Shebandowan Greenstone Belt [5]. - Historical drilling results indicate potential tonnage of 500,000 to 1,200,000 tons with grades ranging from 8 to 12 g/t Au [8]. Central Newfoundland Expansion - Falcon has staked approximately 17,000 hectares of land in Central Newfoundland, securing a district-scale position in a highly prospective corridor within the Victoria Lake Shear Zone [10]. - Groundwork is underway to define priority drill targets, and the permitting process for exploration activities in 2026 has begun [10]. British Columbia – Sunny Boy–Spitfire Project - Updated permits support the inaugural drill campaign targeting high-grade surface mineralization zones at the Sunny Boy–Spitfire Project, with channel samples returning values up to 122 g/t Au [11]. Market Outlook and Strategic Positioning - Gold prices have recently surpassed US$4,100/oz, reflecting its resilience amid macroeconomic uncertainties and inflationary pressures [12]. - Companies like Falcon, with high-quality Canadian projects and near-term catalysts, are well-positioned to capture value in the current market environment [13].

Core Viewpoint - F&G Annuities & Life, Inc. (FG) has experienced a bearish trend with a 9.1% stock loss over the past week, but the formation of a hammer chart pattern suggests a potential trend reversal as buying interest may be emerging [1][2]. Technical Analysis - The hammer chart pattern indicates a potential bottom in a downtrend, where the stock opens lower, makes a new low, but then finds support and closes near its opening price, signaling that bears may have lost control [4][5]. - Hammer candles can appear on various timeframes and are utilized by both short-term and long-term investors [5]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for FG, which is considered a bullish indicator, as it typically leads to price appreciation [7]. - The consensus EPS estimate for FG has increased by 15% over the last 30 days, indicating that analysts expect better earnings than previously predicted [8]. - FG holds a Zacks Rank of 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, suggesting a strong potential for outperformance in the market [9][10].

Core Viewpoint - F&G Annuities & Life, Inc. (FG) is positioned as a strong investment opportunity due to its improving earnings outlook and analysts' increasing earnings estimates [1][2]. Earnings Estimates - Analysts are optimistic about FG's earnings prospects, leading to higher estimates that are expected to positively impact the stock price [2]. - The Zacks Rank system indicates a strong correlation between earnings estimate revisions and stock price movements, supporting the investment thesis for FG [2][3]. Current Quarter Estimates - For the current quarter, FG is projected to earn $1.40 per share, reflecting a 25.0% increase from the previous year's reported figure [6]. - Over the past 30 days, there has been one upward revision in estimates with no negative revisions, resulting in a 25% increase in the Zacks Consensus Estimate [6]. Current Year Estimates - The full-year earnings estimate stands at $4.14 per share, which is a 3.7% decrease from the prior year [7]. - Despite the decrease, the consensus estimate has increased by 15% over the past month, indicating a positive revision trend [8]. Zacks Rank - FG has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, which historically lead to significant outperformance compared to the S&P 500 [9]. - Stocks with Zacks Rank 1 and 2 are shown to outperform the market, reinforcing the attractiveness of FG as an investment [9]. Stock Performance - FG shares have increased by 12.9% over the past four weeks, suggesting strong investor confidence in the company's earnings growth potential [10].

Financial Performance - Total revenues for Q3 2025 were $1,694 million, up from $1,444 million in Q3 2024, representing a 17.3% increase [327]. - Net earnings attributable to F&G common shareholders for Q3 2025 were $114 million, compared to a loss of $10 million in Q3 2024 [327]. - Core sales for indexed annuities, IUL, and PRT were $2,244 million in Q3 2025, slightly higher than $2,223 million in Q3 2024 [327]. - Gross sales for the nine months ended September 30, 2025, were $11,246 million, down from $11,793 million in the same period of 2024, a decrease of 4.6% [327]. - Net sales for Q3 2025 were $2,800 million, compared to $2,386 million in Q3 2024, indicating a 17.4% increase [327]. - Life insurance premiums and other fees increased to $711 million for the three months ended September 30, 2025, compared to $506 million for the same period in 2024, reflecting a growth of 40.5% [329]. - Interest and investment income for Q3 2025 was $748 million, compared to $712 million in Q3 2024, reflecting a 5.1% increase [330]. - Adjusted net earnings for the three months ended September 30, 2025, were $165 million, compared to $156 million for the same period in 2024 [349]. - Total revenues for the nine months ended September 30, 2025, were $11 million, while total expenses were $136 million, resulting in a net loss of $118 million [417]. Market Trends - The fixed index annuity market grew from nearly $12 billion in sales in 2002 to $130 billion in 2024, while the registered index-linked annuities market increased from $17 billion in 2019 to $62 billion in 2024 [301]. - The indexed universal life (IUL) market has expanded from $100 million in annual sales in 2002 to $2 billion in 2024, reflecting growing demand for financial certainty among middle-income Americans [301]. - The aging U.S. population is projected to increase the demand for retirement savings solutions, with over 11,000 Americans turning 65 every day and a 30% increase in the population aged 65-100 expected over the next 25 years [300]. Investment Strategy - The company’s investment strategy focuses on high-grade fixed-income assets across various sectors, including corporate and government securities [353]. - The company’s investment portfolio is designed to balance risk across diverse asset classes, primarily invested in high-quality fixed income securities [351]. - The company reported a decrease in investment income from alternative investments, which was $67 million below the long-term expected return of approximately 10% for the three months ended September 30, 2025 [349]. - The company maintains a focus on NAIC 1 rated instruments, with 98% of municipal bond exposure rated NAIC 1 as of September 30, 2025 [369]. Asset Management - As of September 30, 2025, the company's reserves, net of reinsurance, were $6.6 billion with a weighted average crediting rate of 4.71%, compared to $6.4 billion and 4.42% as of December 31, 2024 [298]. - The profitability of the company is significantly influenced by the amount of assets under management (AUM), which increases when cash inflows exceed cash outflows [313]. - Average Assets Under Management (AAUM) increased to $55,654 million for the three months ended September 30, 2025, compared to $52,661 million in 2024 [331]. - The average crediting rate for the three months ended September 30, 2025, was 4%, down from 5% in 2024 [338]. Risk Management - The company has begun executing pay-float and receive-fixed interest rate swaps to manage market risks associated with interest rate changes on floating rate investments [310]. - The company utilizes derivatives to hedge exposure to product-related equity market risks, primarily through equity options and futures contracts [310]. - The company is required to pay guaranteed minimum crediting rates on fixed rate annuities, which could negatively impact earnings if investment portfolio earnings decline [298]. Distribution Strategy - The company has expanded its distribution strategy through majority and minority ownership stakes in several Independent Marketing Organizations (IMOs), enhancing earnings and risk-adjusted returns [305]. - The company retains approximately 82% ownership of F&G common stock as of September 30, 2025, following a pro rata distribution of 15% of common stock on December 1, 2022 [307]. Tax and Regulatory - Income tax expense for the three months ended September 30, 2025, was $11 million, compared to an income tax benefit of $25 million for the same period in 2024 [348]. - The effective tax rate for the three months ended September 30, 2025, was 8%, compared to 83% for the same period in 2024 [348]. - The maximum ordinary dividend capacity for FGL Insurance in 2025 is $0, indicating regulatory constraints on dividend payments [400].

Core Insights - Falcon Gold Corp. has acquired 689 mineral claims totaling 17,225 hectares in Central Newfoundland, enhancing its position in a highly prospective gold corridor within the Victoria Lake Shear Zone [1][6] - The acquisition connects two active gold trends, namely Sokoman Minerals' Crippleback Lake Trend to the west and Benton Resources' Stony Lake Caldera to the east, positioning Falcon strategically in an underexplored section of the Central Newfoundland gold belt [2][5] Acquisition Details - The newly acquired land secures a district-scale platform for systematic exploration and potential discovery, with multiple high-priority targets identified through geological and magnetic analysis [3][6] - The corridor lies along the Valentine Lake Fault system, known for hosting the Valentine Gold Mine, indicating a proven gold-bearing trend [5] Immediate Work Program - Falcon plans to initiate a high-velocity exploration campaign, which includes magnetic reinterpretation, geochemical sampling, IP-Resistivity surveying, trenching, and Phase I scout drilling [4][5] - The company aims to generate targets that could lead to significant discoveries in the region [4] Project Leadership - Mike Kilbourne has been appointed as Project Manager for the Central Newfoundland portfolio, bringing over 40 years of exploration experience and a track record of overseeing extensive drilling and target generation [4][5] Company Overview - Falcon Gold Corp. is focused on generating, acquiring, and exploring mineral opportunities in the Americas, with its flagship project located approximately 20 km southeast of Agnico Eagle's Hammond Reef Gold Deposit, which has estimated reserves of 3.32 million ounces of gold [8]

Financial Data and Key Metrics Changes - F&G reported adjusted net earnings of $165 million, or $1.22 per share, in the third quarter, with alternative investment income at $67 million, or $0.48 per share, below management's long-term expected return [14][15] - Adjusted return on assets (ROA) on a last 12-month basis was 92 basis points, stable compared to the previous year and sequential quarters [16] - Adjusted return on equity (ROE), excluding AOCI, was 8.8%, consistent with the sequential quarter [17] Business Line Data and Key Metrics Changes - F&G achieved record assets under management (AUM) of $71.4 billion before Flow Reinsurance, a 14% increase year-over-year [5] - Gross sales for the third quarter reached $4.2 billion, with core sales at $2.2 billion, slightly above previous quarters [6] - Indexed annuities contributed $1.7 billion in sales for the quarter, while Pension Risk Transfer (PRT) sales exceeded $500 million [7][8] Market Data and Key Metrics Changes - The company reported strong demand for retirement savings products, particularly fixed annuities, driven by demographic trends and macroeconomic volatility [10] - The investment portfolio remains diversified and high quality, with 96% of fixed maturities being investment grade [11] Company Strategy and Development Direction - F&G is transitioning to a more fee-based, higher margin, and capital-light business model, leveraging its position as a leading distributor of annuities and life insurance [20] - The company aims to grow AUM by 50% and expand adjusted ROA to 133 to 155 basis points by 2026 [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver strong returns and achieve long-term shareholder value [13][62] - The competitive landscape remains active, particularly in the PRT market, with expectations for continued momentum [48] Other Important Information - F&F, the majority owner, plans to distribute approximately 12% of F&G's outstanding shares to its shareholders, increasing F&G's public float from 18% to 30% [24] Q&A Session Summary Question: Capital allocation priorities amidst stock pressure - Management emphasized the focus on growing the fixed index annuity business and owned distribution, with share buybacks being a low priority due to the upcoming share distribution [26][28] Question: Variable investment income expectations - Management indicated that variable investment income is expected to fluctuate, with a near-term run rate in the high single digits [30] Question: Exposure to private letter-rated assets - Management reassured that their portfolio is well-positioned and comfortable, with minimal exposure to private credit concerns [32] Question: Alternatives performance breakdown - Management noted that alternative investments had mixed performance, with LPs performing better than direct lending [35] Question: Operating leverage and expense management - Management expects continued improvement in the operating expense ratio, aiming to reduce it from 60 to 50 basis points by year-end 2025 [56] Question: Comments on F&F's share distribution - Management viewed the increase in free float as a positive development, enhancing institutional ownership and confidence in F&G's future [59]