DES MOINES, Iowa, June 4, 2024 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) ("F&G" or the "Company") today announced the early tender results of the previously announced cash tender offer (the "Tender Offer") of its wholly-owned subsidiary Fidelity & Guaranty Life Holdings, Inc. ("FGLH") for up to $250,000,000 aggregate principal amount (the "Maximum Amount") of FGLH's 5.50% Senior Notes due 2025 (the "Notes"). The Tender Offer was made pursuant to an Offer to Purchase (the "Offer to Purchase"), da ...

DES MOINES, Iowa, May 20, 2024 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) ("F&G") today announced that it priced a public offering of $550 million aggregate principal amount of its 6.500% senior notes due 2029 (the "notes"). The offering is expected to close on June 4, 2024, subject to satisfaction of customary closing conditions. This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any security and shall not constitute an offer, solicitation or sale in a ...

| | | | | | Dollars Per $1,000 Principal Amount of the | | | --- | --- | --- | --- | --- | --- | --- | | | | Aggregate | Maximum | Notes(1) | | | | | | Principal | Aggregate Principal | Tender Offer | Early | Total | | Title of SecurityCUSIP / ISIN | | Amount Outstanding | Amount (Maximum | Consideration | Participation Amount | Consideration(2) | | | | | Amount) | | | | | CUSIP: 315786AC7 (144A) | | | | | | | | 5.50% Senior | CUSIP: U30050AB1 (Reg S) | | | | | | | Notes due | | $550,000,000 | $250,000,000$ ...

Financial Data and Key Metrics Changes - Adjusted net earnings for Q1 2024 were $154 million, up 18% from $131 million in Q1 2023, reflecting asset growth and diversification of margin [54][26] - Adjusted return on assets (ROA) was 125 basis points, above the target of 110 basis points, indicating strong performance [30][26] - Retained assets under management (AUM) reached a record $49.8 billion, a 10% increase from Q1 2023 [8] Business Line Data and Key Metrics Changes - Gross sales for Q1 2024 were $3.5 billion, a 6% increase from Q1 2023, with retail channel sales at $2.8 billion [17] - Pension risk transfer (PRT) sales set a new record at $584 million for Q1 2024, contributing to cumulative sales exceeding $5 billion [48] - Fixed indexed annuity (FIA) terminations increased compared to the prior year, but new business volumes continued to outpace surrenders, resulting in positive net cash flows [49] Market Data and Key Metrics Changes - The investment portfolio remains high quality, with 95% of fixed maturities being investment grade, and credit-related impairments at a modest 2 basis points [25] - The fixed income yield, excluding alternative investment volatility, expanded to 4.56% in Q1 2024 from 4.33% in Q1 2023 [50] Company Strategy and Development Direction - The company is focused on diversifying earnings into more capital-light strategies and maintaining a disciplined capital management process [11] - The rollout of the new registered index-linked annuity (RILA) product is expected to significantly contribute to sales in the coming years [47] - The company aims to leverage its owned distribution strategies to enhance risk-adjusted returns and strengthen relationships with key partners [52] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's ability to perform through market cycles and highlighted strong sales opportunities despite potential regulatory impacts [73][24] - Concerns were raised about the new Department of Labor fiduciary rules potentially discouraging agents from serving middle market clients, but overall momentum in business is expected to remain strong [24][71] Other Important Information - The company has invested $530 million in its alternatives portfolio, which is expected to generate EBITDA of $45 million to $50 million in 2024 [27] - The debt-to-capitalization ratio was 24% as of March 31, aligning with the long-term target of 25% [55] Q&A Session Summary Question: How should we think about the contribution of the RILA product in 2024? - Management indicated that the RILA product's contribution will be modest in 2024 but is expected to become significant in 2025 as more distribution partners are onboarded [57] Question: What is the outlook for the PRT market given recent competitive dynamics? - Management acknowledged that while the market is competitive, they believe they can maintain good spreads and volumes, with a healthy pipeline of deals [62][74] Question: How does the company view the impact of the new fiduciary rules? - Management noted that while compliance costs will increase, they do not expect it to significantly impact their forecasts, although it may affect agents serving the middle market [71][72]

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 March 31, 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) Delaware 85-2487422 (I.R.S. Employer Identification No.) (State or other j ...

F&G Annuities & Life, Inc. (FG) came out with quarterly earnings of $0.86 per share, missing the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.37%. A quarter ago, it was expected that this company would post earnings of $1.02 per share when it actually produced earnings of $0.60, delivering a surprise of -41.18%.Over the last four quarters, th ...

ANNUITIES & LIFE F&G Investor Update Spring 2024 re 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, intent ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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) Delaware 85-2487 ...

This presentation contains forward-looking statements that are subject to known and unknown risks and unce which are beyond our control. Some of the forward-looking statements can be identified by the use of terms sı "expects", "may", "will", "could", "seeks", "intends", "plans", "estimates", "anticipates" or other comparable term: are not historical facts, including statements regarding our expectations, hopes, intentions or strategies regard forward-looking statements. Forward-looking statements are based ...

DES MOINES, Iowa, Feb. 15, 2024 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) today announced that its Board of Directors has declared a quarterly cash dividend of $0.21 per common share. Dividends on the common stock are payable on March 29, 2024, to stockholders of record as of March 15, 2024.  The Board of Directors has also declared a quarterly cash dividend of $0.8976 per share on the company's 6.875% Series A Mandatory Convertible Preferred Stock for the period from January 12, 2024 to and exc ...