Loading...
•
Jun 30, 2023
F&G Annuities & Life Q2 2023 Earnings Report
F&G reported mixed results for Q2 2023, with decreased adjusted net earnings but record assets under management.
Key Takeaways
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.
Assets under management reached a record $46.3 billion, a 15% increase year-over-year.
Gross sales decreased slightly by 3% to $3.0 billion.
Net sales decreased by 12% to $2.2 billion, reflecting increased third party flow reinsurance.
The company returned $41 million of capital to shareholders through dividends and share repurchases.
Forward Guidance
I am unable to provide a summary of the forward guidance, as the document does not contain explicit forward guidance.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...