Welcome to our dedicated page for F&G Annuities & Life news (Ticker: FG), a resource for investors and traders seeking the latest updates and insights on F&G Annuities & Life stock.
Company Overview
F&G Annuities & Life Inc. is an established provider of insurance solutions with a dedicated focus on annuity and life insurance products. Serving both retail annuity and life customers as well as institutional clients, the company delivers a diverse portfolio that includes deferred annuities such as fixed indexed annuities, multi-year guarantee annuities, and other fixed rate annuities, along with immediate annuities, indexed universal life insurance, and specialized pension risk transfer solutions. This integration of products ensures that clients have robust options for retirement planning, wealth protection, and long-term financial security.
Products and Services
F&G Annuities & Life Inc. markets an extensive array of financial products through its insurance subsidiaries. The company offers:
- Deferred Annuities: Products designed to provide tax-deferred growth with options ranging from fixed indexed annuities to multi-year guarantee annuities, enabling customers to benefit from both market-linked returns and fixed growth.
- Immediate Annuities: Solutions that provide a steady, lifetime income stream for individuals seeking immediate retirement income.
- Indexed Universal Life Insurance: Life insurance products paired with a savings component, offering a blend of protection and investment growth potential.
- Funding Agreements and Pension Risk Transfer (PRT) Solutions: Tailored products aimed at institutional and pension markets, facilitating risk management and capital optimization through strategies such as funding agreement-backed note issuances.
Operational Excellence and Business Strategy
The company’s business model is rooted in leveraging its multi-channel distribution network that spans retail agents, financial advisors, and institutional sales teams. By harnessing both flow reinsurance arrangements and owned distribution channels, F&G is able to enhance its net sales retention, manage risk more effectively, and secure a diversified margin stream. The company’s strategy focuses on cost discipline, operational efficiency, and the utilization of innovative insurance and reinsurance structures to drive sustainable growth and margin expansion over the long term.
Market Position and Competitive Landscape
F&G has positioned itself as a trusted provider for individuals and institutions looking for reliable retirement and wealth management solutions. In a competitive landscape marked by shifting consumer demographics and evolving risk profiles, the company differentiates its offerings through a deep understanding of product nuances, a commitment to protecting capital, and the integration of advanced underwriting and product management strategies. Its robust distribution partnerships and ongoing investments in operational platforms further enhance its standing compared to industry peers.
Risk Management and Investment Solutions
At the heart of F&G's operations is a carefully designed approach to risk management. The company mitigates market volatility and enhances client returns by employing advanced risk transfer strategies and maintaining a balanced investment portfolio. Its products not only offer guaranteed tax-deferred growth and principal protection for retail clients but also provide comprehensive pension risk transfer solutions that address the evolving challenges faced by institutional clients. This dual-pronged model underscores the firm’s commitment to stability and resilience in both high and low interest rate environments.
Innovative Distribution and Customer-Centric Approach
F&G's blend of dedicated retail and institutional teams, combined with strategic partnerships, enables it to serve a broad spectrum of customers effectively. The company places a strong emphasis on building long-term relationships based on trust and transparency, thus reinforcing its reputation for expertise and reliability in the insurance market. By continuously adapting its strategies to meet changing customer needs and leveraging cutting-edge technology, F&G stays ahead of the curve in providing personalized financial solutions.
Financial and Capital Management
While the company’s core financial data is detailed in its periodic reports, the emphasis remains on its sustainable business practices and strong capital management. F&G's approach to balancing growth with operational efficiency, along with its strategic use of flow reinsurance and funding agreements, forms a solid foundation for its financial stability. The company’s disciplined cost management and strategic capital allocation provide the means to deliver reliable returns and support ongoing product innovation.
Commitment to Long-Term Value
F&G Annuities & Life Inc. is committed to offering solutions that help customers secure their financial futures. Through a comprehensive suite of annuity and life insurance products, the company not only meets current market demands but also anticipates long-term changes in the economic landscape. With a focus on trust, rigor, and continuous improvement, F&G supports Americans in turning their aspirations into lasting financial security.
Conclusion
In summary, F&G Annuities & Life Inc. stands as a resilient and innovative player in the insurance sector. Its wide range of products, strategic distribution mechanisms, and robust risk management processes make it an essential participant in the annuity and life insurance industry. By maintaining an unwavering focus on operational excellence and customer satisfaction, the company continues to build a legacy of trust, stability, and expertise that is designed to endure for years to come.
F&G Annuities & Life (NYSE: FG) has announced the pricing of a public offering of 8,000,000 shares of common stock at $35.00 per share. The company has granted underwriters a 30-day option to purchase up to an additional 1,200,000 shares.
Fidelity National Financial, F&G's majority stockholder, has committed to purchase 4,500,000 shares at $33.60 per share. The offering is expected to close on March 24, 2025. F&G plans to use the net proceeds for general corporate purposes, including supporting organic growth opportunities.
BofA Securities and J.P. Morgan Securities are serving as joint book-running managers for the offering, which is being conducted pursuant to an SEC-registered prospectus.
F&G Annuities & Life (NYSE: FG) has announced its Board of Directors' declaration of quarterly cash dividends for both common and preferred stockholders. Common shareholders will receive $0.22 per share, payable on March 31, 2025, to stockholders of record as of March 17, 2025. Additionally, holders of the company's 6.875% Series A Mandatory Convertible Preferred Stock will receive a quarterly dividend of $0.859375 per share, to be paid on April 15, 2025, to holders of record as of April 1, 2025.
F&G, headquartered in Des Moines, Iowa, is a leading provider of insurance solutions serving retail annuity and life customers and institutional clients.
Fidelity National Financial (NYSE: FNF) has declared a quarterly cash dividend of $0.50 per share of common stock. The dividend will be paid on March 31, 2025, to stockholders of record as of March 17, 2025.
FNF operates as the nation's largest title insurance company through its underwriters - Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title and National Title of New York. The company serves as a leading provider of title insurance and transaction services to real estate and mortgage industries. Additionally, through its majority-owned subsidiary F&G Annuities & Life (NYSE: FG), FNF provides insurance solutions to retail annuity and life customers and institutional clients.
F&G Annuities & Life (NYSE: FG) has announced key executive changes effective April 1, 2025. Current CFO Wendy Young will transition to the newly created position of Chief Liability Officer, where she will lead liability management, reinsurance activities, and offshore entities. Conor Murphy has been appointed as the new Chief Financial Officer.
The organizational restructuring comes as F&G has experienced significant growth, more than doubling its assets under management through product diversification and distribution expansion. Murphy brings extensive industry experience, having previously served as President and CEO of Resolution Life US and held executive positions at Brighthouse Financial and MetLife.
CEO Chris Blunt emphasized that these changes are designed to effectively manage the company's growth and scale while maximizing profitability and return on equity for long-term shareholder value.
Fidelity National Financial (FNF) reported strong financial results for Q4 and full year 2024. Net earnings attributable to common shareholders reached $450 million ($1.65 per share) in Q4 2024, compared to a net loss of $69 million in Q4 2023. Full-year net earnings were $1.3 billion ($4.65 per share).
The Title Segment delivered strong performance with total revenue of $2.0 billion in Q4 and $7.7 billion for the full year, showing increases of 23% and 9% respectively over 2023. The segment achieved an industry-leading adjusted pre-tax title margin of 16.6% in Q4.
The F&G Segment achieved record assets under management of $65.3 billion, a 17% increase over Q4 2023. Full-year gross sales reached a record $15.3 billion, up 16% from 2023. F&G contributed 38% of FNF's consolidated adjusted net earnings for 2024, compared to 30% in 2023.
F&G Annuities & Life (NYSE: FG) reported strong financial results for Q4 and full year 2024. Net earnings for Q4 were $323 million ($2.50 per share), compared to a loss of $299 million in Q4 2023. Full year net earnings reached $622 million ($4.88 per share), up from a loss of $58 million in 2023.
The company achieved record gross sales of $15.3 billion for 2024, a 16% increase over 2023, driven by strong retail and pension risk transfer sales. Assets under management (AUM) reached a record $65.3 billion, up 17% year-over-year. The company's adjusted ROE expanded to over 12% for 2024, compared to 10% in 2023.
F&G maintained strong capital position with an estimated risk-based capital (RBC) ratio over 410%, above their 400% target. The company returned $125 million to shareholders through dividends in 2024, and completed several capital market activities including issuing $500 million in senior notes and $375 million in junior subordinated notes.
F&G Annuities & Life (NYSE: FG) has announced its schedule for the release of fourth quarter and full year 2024 earnings results. The company will release its financial results after market close on Thursday, February 20, 2025, followed by a webcast and conference call at 9:00 a.m. Eastern Time on Friday, February 21, 2025.
Investors can access the webcast through F&G's Investor Relations website at investors.fglife.com. For telephone participation, participants can dial 1-877-407-3982 (USA) or 1-201-493-6780 (International). A conference call replay will be available via webcast through the company's Investor Relations website.
Fidelity National Financial (NYSE: FNF) has scheduled its fourth quarter and full year 2024 earnings release for Thursday, February 20, 2025, after market close. The company will host a conference call and webcast to discuss the results on Friday, February 21, 2025, at 11:00 a.m. Eastern Time.
FNF operates as a leading provider of title insurance and transaction services to real estate and mortgage industries. Through its majority-owned subsidiary F&G Annuities & Life (NYSE: FG), it also provides insurance solutions for retail annuity and life customers and institutional clients. FNF maintains its position as the nation's largest title insurance company through its underwriters: Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title, and National Title of New York.
F&G Annuities & Life (NYSE: FG) has announced that its subsidiary, Fidelity & Guaranty Life Holdings (FGLH), will redeem all outstanding $300 million aggregate principal amount of its 5.50% Senior Notes on February 1, 2025. The notes were originally due May 1, 2025.
The redemption price will equal 100% of the principal amount plus accrued and unpaid interest up to, but excluding, the redemption date. Interest will cease to accrue on the notes after the redemption date. Beneficial owners of the notes should contact their bank, broker, or nominee for information about the redemption payment.
F&G Annuities & Life (NYSE: FG) has announced the pricing of a public offering of $375 million in junior subordinated notes, due 2065, with a 7.300% interest rate. The offering is expected to close on January 13, 2025, subject to customary conditions.
The company plans to use the net proceeds for general corporate purposes, including the repurchase, redemption, or repayment of outstanding debt at maturity. The offering is being managed by a group of prominent financial institutions including Wells Fargo Securities, BofA Securities, J.P. Morgan Securities, Morgan Stanley & Co., and RBC Capital Markets as joint book-running managers.
The public offering is being conducted through a registration statement filed with the SEC, with prospectus and supplementary materials available through various channels.
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