F&G Annuities & Life Q2 2024 Earnings Report
Key Takeaways
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.
Record gross sales of $4.4 billion, up 47% year-over-year, driven by record retail and robust institutional market sales.
Record AUM of $52.2 billion, a 13% increase from the prior year quarter.
Adjusted net earnings of $139 million, or $1.10 per share, compared to $79 million, or $0.63 per share in the second quarter of 2023.
Adjusted return on assets expanded to 130 basis points, driven by investment margin, accretive flow reinsurance, and disciplined expense management.
F&G Annuities & Life
F&G Annuities & Life
F&G Annuities & Life Revenue by Segment
Forward Guidance
The company is well on pace to achieve their Investor Day targets.