Overview
F&G Annuities & Life Q2 adjusted EPS of $0.77 beats analyst expectations, per LSEG data
Revenue of $2.7 bln surpasses estimates, driven by strong retail sales
Record AUM before flow reinsurance at $69.2 bln, up 13% yr/yr
Outlook
Company expects further improvement in operating expense ratio in H2 2025
Company confident in achieving medium-term Investor Day targets
Result Drivers
RETAIL SALES - Record retail channel sales drove asset growth, contributing to record AUM of $69.2 bln
INVESTMENT PORTFOLIO - Excellent credit performance with 97% of fixed maturities being investment grade
EXPENSE MANAGEMENT - Disciplined expense management led to scale benefits, offsetting higher interest expenses
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $2.74 bln | $1.18 bln (1 Analyst) |
Q2 Adjusted EPS | Beat | $0.77 | $0.57 (2 Analysts) |
Q2 EPS | $0.26 | ||
Q2 Adjusted Net Income | Beat | $103 mln | $91 mln (2 Analysts) |
Q2 Net Income | $35 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the life & health insurance peer group is "buy."
Wall Street's median 12-month price target for F&G Annuities & Life Inc is $35.50, about 8.7% above its August 5 closing price of $32.40
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago
Press Release: ID:nPn7mf1g2a
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)