DES MOINES, Iowa, Oct. 23, 2024 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) ("F&G"), a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, will release third quarter 2024 earnings after the close of regular market trading on Wednesday, November 6, 2024.A webcast and conference call to discuss the results will follow at 9:00 a.m. Eastern Time on Thursday, November 7, 2024. Additional information about quarterly financial results, including th ...

DES MOINES, Iowa, Oct. 1, 2024 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) ("F&G") today announced that it priced a public offering of $500 million aggregate principal amount of its 6.250% senior notes due 2034 (the "notes"). The offering is expected to close on October 4, 2024, subject to satisfaction of customary closing conditions. The notes will be guaranteed on an unsecured, unsubordinated basis by each of F&G's subsidiaries that are guarantors of F&G's obligations under its existing credit a ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead ...

Investors in F&G Annuities & Life, Inc. (FG) need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 18, 2024 $22.50 Put had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It c ...

DES MOINES, Iowa, Aug. 28, 2024 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) ("F&G") today announced that Chris Blunt, Chief Executive Officer, and Wendy Young, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the KBW Insurance Conference on Thursday, September 5, 2024 at 2:20 p.m. Eastern Time. The fireside chat will be available live and for replay via audio webcast on investors.fglife.com. About F&G F&G Annuities and Life, Inc. is committed to helping ...

Shares of F&G Annuities & Life, Inc. (FG) have been struggling lately and have lost 10.9% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road. While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about th ...

Core Viewpoint - F&G Annuities & Life has shown strong performance over the past year with a 34% increase, but has recently experienced a nearly 20% decline from its peak due to broader market pullbacks, leading to a recommendation to buy the stock despite recent challenges [1][10]. Financial Performance - In Q2, F&G reported earnings of $1.10, surpassing consensus estimates by $0.02, with gross sales rising 47% to $4.4 billion, marking a record level of sales driven by strong demand for annuity products [2]. - Net sales reached $3.4 billion, reflecting a 30% increase year-over-year, with total annuity sales up 36% from the previous year [2]. Sales and Product Mix - F&G has significantly increased sales of funding agreements, which are bonds backed by insurance policies, allowing the company to earn net investment income without material underwriting risk [3]. - Annuities constitute approximately 75% of F&G's sales, with indexed annuities leading the sales mix, followed by guaranteed annuities [3]. Surrender Activity and AUM - Despite strong gross sales, there has been increased surrender activity, with net fixed index annuity flows decreasing to $578 million from $628 million last year, attributed to higher terminations as policyholders seek better rates [4]. - F&G's assets under management (AUM) grew to $52.2 billion, a 13% increase from the previous year, supported by higher interest rates and a growing portfolio [4]. Investment Income and Portfolio Performance - F&G earned $684 million in investment income, up from $252 million last year, with $145 million coming from alternative investments, although this underperformed expectations by $20 million [4]. - The company targets a 10% return on alternatives but has generated 8.1% this year, with a historical average return of 13% on this allocation [4]. Risk and Portfolio Composition - 96% of F&G's fixed income portfolio is investment grade, but it includes exposures to less liquid markets, which can be more volatile during market stress [4][5]. - The portfolio has 23% in structured securities and 15% in private debt, which may face pressure during economic downturns, but F&G's long-term investment strategy mitigates forced selling risks [5][7]. Future Outlook - F&G anticipates an increase in the cost of funds as it sells more annuities in the current rate environment, while investment yields are expected to rise [9]. - Key focus areas include maintaining low credit losses, monitoring alternative investment returns, and managing actuarial model update costs, which were $16 million in the last quarter [9]. Valuation and Market Position - F&G's shares are expected to trade around book value of approximately $42.50, offering about 15% upside potential alongside a 2% dividend [10]. - The company maintains a solid balance sheet with a debt to capital ratio of 26.4%, which adjusts to 23.5% when accounting for a funded maturity, below its 25% target [9].

DES MOINES, Iowa, Aug 1, 2024 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) (F&G or the Company) today announced that its Board of Directors has declared a quarterly cash dividend in the amount of $0.21 per common share. The dividend will be payable on September 30, 2024, to stockholders of record as of September 16, 2024. The Board also declared a quarterly cash dividend of $0.859375 per share of F&G's 6.875% Series A Mandatory Convertible Preferred Stock, to be paid on October 15, 2024, to holders ...

DES MOINES, Iowa, July 22, 2024 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) ("F&G"), a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, will release second quarter 2024 earnings after the close of regular market trading on Monday, August 5, 2024. A webcast and conference call to discuss the results will follow at 9:00 a.m. Eastern Time on Tuesday, August 6, 2024. Additional information about quarterly financial results, including the earn ...

Inflation Continues to Drive Retirement Decisions "This remains a challenging macroeconomic environment to navigate for those close to or in retirement," said Chris Blunt, CEO of F&G. "As our survey shows, Americans are still reconsidering what retirement means to them, and that may look different from previous generations. We believe taking a proactive approach in financial planning can help mitigate some of the economic risks, allowing people to focus on their own personalized roadmap of how and when to r ...