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

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.)