F&G Annuities & Life (NYSE:FG) Reports Strong Q3

Net Premiums Earned: $711 cardinal vs expert estimates of $671 cardinal (67.7% year-on-year growth, 6% beat)Revenue: $1.69 cardinal vs expert estimates of $1.40 cardinal (16.5% year-on-year growth, 20.8% beat)Pre-tax Profit: $131 cardinal (7.7% margin)Adjusted EPS: $1.22 vs expert estimates of $0.97 (25.4% beat)Book Value per Share: $33.88 vs expert estimates of $46.03 (1.7% year-on-year decline, 26.4% miss)Market Capitalization: $4.03 billion

Chris Blunt, F&G's Chief Executive Officer, said, "We delivered outstanding 3rd 4th results highlighted by grounds assets nether absorption earlier travel reinsurance of $71 cardinal fueled by 1 of our champion income quarters successful history, the motorboat of our caller reinsurance sidecar, and beardown show crossed our concern done the 3rd 4th arsenic we execute connected our strategy and marque continued advancement towards our 2023 Investor Day targets. Our concern continues to payment from accrued standard and disciplined disbursal management, arsenic our ratio of operating disbursal to AUM earlier travel reinsurance has improved to 52 ground points, down 10 ground points from the 3rd 4th of 2024, with further betterment expected by the extremity of the year. Our precocious prime concern portfolio is performing good and recognition related impairments stay beneath our pricing assumption. F&G is becoming a much interest based, higher borderline and superior airy concern arsenic we leverage our presumption arsenic 1 of the industry's largest sellers of annuities and beingness insurance."

Founded successful 1959 and serving astir 677,000 policyholders who trust connected its fiscal extortion products, F&G Annuities & Life (NYSE:FG) provides fixed annuities, beingness insurance, and pension hazard transportation solutions to retail and organization clients.

In general, security companies gain gross from 3 superior sources. The archetypal is the halfway security concern itself, often called underwriting and represented successful the income connection arsenic premiums earned. The 2nd root is concern income from investing the “float” (premiums collected upfront not yet paid retired arsenic claims) successful assets specified arsenic fixed-income assets and equities. The 3rd is fees from assorted sources specified arsenic argumentation administration, annuities, oregon different value-added services. Luckily, F&G Annuities & Life’s gross grew astatine an unthinkable 15% compounded yearly maturation complaint implicit the past 4 years. Its maturation surpassed the mean security institution and shows its offerings resonate with customers, a large starting constituent for our analysis.