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Jun 30, 2024
F&G Annuities & Life Q2 2024 Earnings Report
F&G Annuities & Life reported second quarter results, marked by record sales and AUM growth.
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
Revenue by Segment
Total Annuity Sales Revenue
CapyFin.comPension Risk Transfer Sales Revenue
CapyFin.comIndexed Universal Life Revenue
CapyFin.comFunding Agreements Revenue
CapyFin.com Forward Guidance
The company is well on pace to achieve their Investor Day targets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income