F&G Annuities & Life(FG)
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Falcon Gold Corp. Completes Road Plowing, Mobilizes Drill Equipment
Newsfile· 2025-02-19 15:31
Core Viewpoint - Falcon Gold Corp. has successfully completed road plowing and access improvements at its Great Burnt Copper-Gold Project, enabling drilling to commence this weekend [1][3]. Group 1: Project Updates - Road Plowing & Site Access Secured: The primary access road has been cleared, ensuring unrestricted movement of personnel and equipment [6]. - Additional Improvements Due to Heavy Snowfall: Unseasonably high snowfall required further access enhancements, which were swiftly addressed to maintain project timelines [6]. - Drill Equipment Mobilized: Falcon Gold has successfully transported its drill equipment to camp, allowing for an efficient transition into the drilling phase [6]. - Drilling to Begin This Weekend: The company is now fully prepared to commence drilling at Great Burnt, targeting up to ten high-priority geophysical anomalies over a planned 1,100 metres of drilling [6]. Group 2: Company Overview - Falcon Gold Corp. is a Canadian mineral exploration company focused on acquiring, exploring, and developing high-potential properties across the Americas [7]. - The company's flagship project, the Central Canada Gold Mine, is located near Agnico Eagle's Hammond Reef Gold Deposit, which currently hosts an estimated 3.32 million ounces of gold in mineral reserves [7]. - The company holds multiple additional projects, including the Viernes Gold/Silver/Copper project in Chile and various nickel-copper-cobalt properties in Ontario and Quebec [8].
F&G Annuities & Life Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call
Prnewswire· 2025-02-06 21:10
DES MOINES, Iowa, Feb. 6, 2025 /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 fourth quarter and full year 2024 earnings after the close of regular market trading on Thursday, February 20, 2025.A webcast and conference call to discuss the results will follow at 9:00 a.m. Eastern Time on Friday, February 21, 2025. Additional information about the quarterly financial resu ...
FGSN: A 7.3% Baby Bond IPO From F&G Annuities & Life
Seeking Alpha· 2025-01-27 15:18
we discuss ideas like this as they happen in more detail. All active investors are welcome to join on a free trial and ask any question in our chat room full of sophisticated traders and investors.In this short article, we will turn attention to one of the first fixed-income IPOs for the new 2025. This time we will focus on the F&G Annuities & Life, Inc.'s (NYSE: FG ) newlyAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initi ...
F&G Annuities & Life Announces Redemption of Fidelity & Guaranty Life Holdings 5.50% Senior Notes Due May 1, 2025
Prnewswire· 2025-01-16 21:10
DES MOINES, Iowa, Jan. 16, 2025 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) (F&G or the Company) today announced that its subsidiary Fidelity & Guaranty Life Holdings, Inc. (FGLH) will redeem on February 1, 2025, all outstanding $300 million aggregate principal amount of FGLH's 5.50% Senior Notes due May 1, 2025.The notes will be redeemed for a redemption price equal to 100% of principal amount of the notes plus accrued and unpaid interest to, but excluding, the redemption date. On and after the r ...
F&G Annuities & Life Prices Junior Subordinated Notes Offering
Prnewswire· 2025-01-06 21:15
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].
Best Value Stocks to Buy for December 19th
ZACKS· 2024-12-19 15:06
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 ...
Best Income Stocks to Buy for December 19th
ZACKS· 2024-12-19 14:01
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]
F&G Annuities & Life(FG) - 2024 Q3 - Earnings Call Transcript
2024-11-09 18:00
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]
F&G Annuities & Life: Another Solid Quarter, But Valuation Has Caught Up (Rating Downgrade)
Seeking Alpha· 2024-11-08 05:39
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 ...
F&G Annuities & Life(FG) - 2024 Q3 - Quarterly Report
2024-11-07 21:13
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. ...