F&G Annuities & Life Earnings Reports

F&G Annuities & Life, Inc. (F&G) reported net earnings of $323 million ($2.50 per share) in Q4 2024, recovering from a net loss of $299 million in Q4 2023. Adjusted net earnings rose to $143 million ($1.12 per share), supported by strong investment income. Total revenue for the quarter was $1.56 billion, with record assets under management reaching $53.82 billion. The company achieved a return on assets of 1.06%, reflecting a robust investment performance.

F&G Annuities & Life reported a net loss of $10 million for Q3 2024, but adjusted net earnings were $156 million, up from $120 million in Q3 2023. Gross sales increased by 39% year-over-year, driven by record retail channel sales. Assets under management before flow reinsurance reached a record $62.9 billion.

F&G Annuities & Life reported a strong second quarter in 2024, with record gross sales of $4.4 billion, a 47% increase year-over-year, driven by record retail and robust institutional market sales. AUM reached a record $52.2 billion, up 13% from the prior year quarter. Adjusted net earnings were $139 million, or $1.10 per share, compared to $79 million, or $0.63 per share in the second quarter of 2023.

F&G Annuities & Life reported a net income of $111 million for Q1 2024, a significant improvement compared to the net loss of $195 million in Q1 2023. Adjusted net earnings were $108 million, or $0.86 per share, compared to $61 million, or $0.49 per share, for the same period last year. The company experienced growth in gross sales, reaching $3.5 billion, and record assets under management of $49.8 billion.

F&G Annuities & Life reported a net loss of $299 million for Q4 2023, impacted by unfavorable mark-to-market effects, but achieved record gross sales of $4.1 billion and record AUM of $49.5 billion. The company's adjusted net earnings were $75 million, influenced by investment income from alternative investments and significant expense items.

F&G Annuities & Life reported net earnings of $130 million for Q2 2023, compared to $385 million in Q2 2022. Adjusted net earnings were $79 million, down from $155 million in the prior year. Despite the decrease in earnings, the company achieved a record $46.3 billion in assets under management and returned $41 million of capital to shareholders.