F&G Annuities & Life(US:FG)2025-11-07 14:00Financial Performance - F&G reported strong 3Q25 gross sales of $4.2 billion, an increase of 8% compared to 3Q24[4] - Net sales for 3Q25 reached $2.8 billion, up 17% from 3Q24[4] - Assets Under Management (AUM) before flow reinsurance increased to $71.4 billion, a 14% year-over-year increase[4] - Total F&G Equity ex AOCI reached $6.0 billion[4] - Adjusted Return on Equity (ROE) for 3Q25 was 8.8%, in line with 2Q25[4] - YTD 3Q25 Capital Return to Shareholders was $98 million[4] Investment Portfolio - The investment portfolio is conservatively positioned and well-diversified, with $55 billion in assets[54] - Fixed income constitutes 96% investment grade[57] - The structured credit portfolio includes $12 billion in assets, with 39% in CLOs and 33% in CMBS[60] - The mortgage loans portfolio totals $9 billion, diversified across property types[62] Growth and Strategy - F&G is targeting a 50% growth in AUM and an adjusted ROA ex significant items of 1.33% to 1.55%[18] - The company aims to increase adjusted ROE ex AOCI and significant items to 13% to 14% and expand its P/E multiple to 7-8x[18]