Core Insights - F&G Annuities & Life reported Q3 CY2025 results that exceeded Wall Street's revenue expectations, with sales increasing by 16.5% year-on-year to $1.69 billion and a non-GAAP profit of $1.22 per share, which was 25.4% above analysts' consensus estimates [1][2] Financial Performance - Net Premiums Earned reached $711 million, surpassing analyst estimates of $671 million, reflecting a 67.7% year-on-year growth [2] - Revenue was reported at $1.69 billion, exceeding analyst expectations of $1.40 billion, marking a 16.5% year-on-year growth [2] - Pre-tax Profit stood at $131 million with a margin of 7.7% [2] - Adjusted EPS was $1.22, beating analyst estimates of $0.97 by 25.4% [2] - Book Value per Share was $33.88, which was below analyst estimates of $46.03, indicating a 1.7% year-on-year decline and a 26.4% miss [2] - Market Capitalization was reported at $4.03 billion [2] Strategic Developments - The company achieved record assets under management before flow reinsurance of $71 billion, driven by strong sales performance and the launch of a new reinsurance sidecar [2] - The ratio of operating expense to assets under management improved to 52 basis points, down 10 basis points from Q3 2024, with expectations for further improvement by year-end [2] - F&G is transitioning to a more fee-based, higher-margin, and capital-light business model, leveraging its position as a leading seller of annuities and life insurance [2] Company Overview - Founded in 1959, F&G Annuities & Life serves approximately 677,000 policyholders, providing fixed annuities, life insurance, and pension risk transfer solutions to both retail and institutional clients [3] Revenue Growth - F&G Annuities & Life has experienced a remarkable 15% compounded annual growth rate in revenue over the last four years, outperforming the average insurance company, indicating strong customer resonance with its offerings [4]