Core Viewpoint - F&G Annuities & Life, Inc. has announced a public offering of $375 million in junior subordinated notes with a 7.300% interest rate, maturing in 2065, expected to close on January 13, 2025, pending customary closing conditions [1]. Group 1: Offering Details - The offering consists of $375 million aggregate principal amount of 7.300% junior subordinated notes due 2065 [1]. - The net proceeds from the offering will be used for general corporate purposes, including the repurchase, redemption, or repayment of outstanding indebtedness [2]. - The offering is being managed by Wells Fargo Securities, BofA Securities, J.P. Morgan Securities, Morgan Stanley, and RBC Capital Markets as joint book-running managers [2]. Group 2: Regulatory Information - The public offering is made under a registration statement filed with the U.S. Securities and Exchange Commission (SEC) [3]. - Copies of the registration statement and prospectus can be accessed through the SEC's website or obtained from the managing banks [3]. Group 3: Company Overview - F&G is a leading provider of insurance solutions, serving retail annuity and life customers as well as institutional clients, and is headquartered in Des Moines, Iowa [5].

Here are three stocks with buy rank and strong value characteristics for investors to consider today, December 19th:  F&G Annuities & Life, Inc. (FG) : This company which provides fixed annuities and life insurance products, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.6% over the last 60 days.F&G Annuities & Life has a price-to-earnings ratio (P/E) of 9.19 compared with 10.40 for the industry. The company possesses a Value Sc ...

Group 1 - West Bancorporation (WTBA) is a community-oriented bank providing services to small and medium-sized businesses, individuals, schools, organizations, and local governments, with a Zacks Consensus Estimate for current year earnings increasing by 7.7% over the last 60 days [1] - Premier (PINC) operates as a healthcare alliance in the United States, bringing together hospitals, health systems, and healthcare providers, with a Zacks Consensus Estimate for current year earnings increasing nearly 5.7% over the last 60 days [2] - F&G Annuities & Life, Inc. (FG) offers fixed annuities and life insurance products, with a Zacks Consensus Estimate for current year earnings increasing nearly 2.6% over the last 60 days [3] Group 2 - West Bancorporation (WTBA) has a dividend yield of 4.5%, surpassing the industry average of 3% [2] - Premier (PINC) has a dividend yield of 4%, compared to the industry average of 0.0% [3] - F&G Annuities & Life, Inc. (FG) has a dividend yield of 2.2%, exceeding the industry average of 1.4% [4]

Financial Data and Key Metrics Changes - Gross sales reached $3.9 billion in Q3 2024, a 39% increase year-over-year, with year-to-date sales at $11.8 billion, up 30% from the first nine months of 2023 [7] - Adjusted net earnings attributable to common shareholders for Q3 was $156 million or $1.22 per share, up 21% from $148 million in Q3 2023 [22] - Adjusted ROA, excluding significant items, was 132 basis points in Q3, up 12 basis points from 120 basis points in Q3 2023 [23] Business Line Data and Key Metrics Changes - Retail sales from agency bank and broker-dealer channels were a record $3.5 billion in Q3, nearly double the prior year quarter, bringing year-to-date retail sales to $9.5 billion [7] - Pension risk transfer (PRT) sales exceeded $300 million in Q3, totaling $2.1 billion for the first ten months of 2024, surpassing full-year 2023 sales [10] - Net sales of $2.4 billion increased 4% over the prior year quarter [11] Market Data and Key Metrics Changes - The company reported a record $62.9 billion in assets under management (AUM) at the end of Q3, a 20% increase year-over-year [13] - The investment portfolio remains diversified, with 96% of fixed maturities being investment-grade [14] Company Strategy and Development Direction - The company aims to grow AUM by 50% and expand adjusted ROA to 133 to 155 basis points by 2025 [19] - F&G is focused on sustainable asset growth through retail and pension risk transfer strategies, enhancing investment margins, and diversifying earnings [18] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in continued strong demand for retirement savings products, driven by demographic trends and favorable market conditions [8] - The company anticipates growth in PRT sales, projecting $2 billion to $4 billion in annual sales, depending on market conditions [42] Other Important Information - The company has invested $680 million in owned distribution, expecting EBITDA of $65 million to $70 million in 2024 [17] - The balance sheet remains strong, with equity attributable to common shareholders at $5.3 billion and a debt to capitalization ratio of 26.5% [29][30] Q&A Session Summary Question: Flow reinsurance growth opportunities - Management indicated optimism about flow reinsurance growth, emphasizing the importance of selecting quality partners and the absence of constraints on availability [36] Question: Impact of higher surrender charges - Management noted that elevated surrenders are expected to continue as long as interest rates remain high, but underlying ROA improvement is evident [40] Question: Outlook for funding agreements and PRTs - Management remains bullish on retail sales growth and expects strong PRT sales, with a robust pipeline for future opportunities [42] Question: Assumption review related to elevated surrenders - Management explained that elevated surrenders led to adjustments in assumptions, but the impact on future returns is expected to be minor [45] Question: Capitalization and management of offshore reinsurance - Management clarified that offshore reinsurance is conservatively managed and subject to regulatory approval, ensuring compliance with capital requirements [48]

Over fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know!Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-41490 F&G Annuities & Life, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. ...

DES MOINES, Iowa, Nov. 7, 2024 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) ("F&G" or the "Company") today announced that its Board of Directors has declared an increase in the Company's quarterly cash dividend of 5%, to $0.22 per common share, from the previous quarterly cash dividend of $0.21 per common share. The dividend will be payable December 31, 2024, to stockholders of record as of December 17, 2024.The Board also declared a quarterly cash dividend of $0.859375 per share of F&G's 6.875% Se ...

F&G Annuities & Life, Inc. (FG) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $0.96 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.52%. A quarter ago, it was expected that this company would post earnings of $0.98 per share when it actually produced earnings of $1.10, delivering a surprise of 12.24%.Over the last four quarters, the ...

ANNUITIES & LIFE F&G Investor Update Fall 2024 (c Disclaimer & Forward-Looking Statemer This presentation contains forward-looking statements that are subject to known and unknown risks and uncer which are beyond our control. Some of the forward-looking statements can be identified by the use of terms su "expects", "may", "will", "could", "seeks", "intends", "plans", "estimates", "anticipates" or other comparable terms re not historical facts, including statements regarding our expectations, hopes, intentio ...

DES MOINES, Iowa, Nov. 6, 2024 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) (F&G or the Company) a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, today reported financial results for the third quarter ended September 30, 2024.Net loss attributable to common shareholders (net loss) for the third quarter was $10 million, or $0.08 per diluted share (per share), compared to net earnings of $306 million, or $2.45 per share, for the third quar ...