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 ...

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 ...

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 ...