FG Earnings Prediction
The chart below shows how FG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FG sees a +4.62% change in stock price 10 days leading up to the earnings, and a -2.04% change 10 days following the report. On the earnings day itself, the stock moves by -1.75%. This data can give you a slight idea of what to expect for the next quarter's release.
FG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.56B
-3.53%
7.22%
Gross Margin
--
--
--
Operating Margin
28.86%
233.61%
6939.02%
Net Margin
20.97%
213.35%
-6267.65%
EPS
2.47
202.49%
-3187.50%
No Data Available
FG Earnings Analysis
F&G Annuities & Life Inc Corporation (FG.N) Earnings Conference Call
Positive
Record Gross Sales Growth: F&G Annuities & Life, Inc. reported record gross sales of $15.3 billion for the full year 2024, a 16% increase over 2023.
Retail Channel Sales Surge: Record retail channel sales were $12 billion for the full year, a 20% increase over 2023, driven by strong demand for individual annuity and life solutions.
Record Sales Achievement: The company achieved record sales in Fixed Indexed Annuities (FIA), Multi-Year Guarantee Annuities (MYGA), and Indexed Universal Life (IUL) products for the year.
Record Pension Risk Transfer Sales: Robust institutional market sales reached $3.3 billion for the full year, with record pension risk transfer sales of nearly $2.3 billion, a 15% increase over 2023.
Net Sales Growth: F&G's net sales retained were $10.6 billion for the full year 2024, a 15% increase over 2023, with $2.5 billion in net sales for the fourth quarter.
Record AUM Growth: Assets under management (AUM) grew to a record $65.3 billion at the end of the quarter, a 17% increase over the previous year.
Investment Portfolio Quality: The company has maintained a high-quality investment portfolio, with 97% of fixed maturities being investment grade and low credit-related impairments averaging seven basis points over the last three years.
ROE Improvement and Targets: Adjusted return on equity (ROE) excluding AOCI and significant items increased from 10% to over 12% over the past year, with a target range of 13% to 14%.
Shareholder Capital Return: F&G returned $125 million of capital to shareholders through common and preferred dividends in 2024, demonstrating strong capital allocation.
Financial Strength Upgrades: The company received upgrades in its financial strength ratings from AM Best and Moody's, reflecting its strong performance and stability.
Negative
Funding Agreements Decline: Funding agreements decreased significantly from $1.6 billion in 2023 to $1 billion in 2024, with no funding agreements reported in the fourth quarter.
Fixed Income Yield Decline: The company experienced a sequential decrease in fixed income yield from the third quarter, primarily due to higher cash balances and the runoff of higher-yielding assets.
Surrender Impact on Earnings: Elevated surrenders were noted, which, while providing short-term earnings boosts from surrender charges, can pressure near-term earnings and affect the liability profile.
Market Transition Challenges: The company acknowledged that the transition to new market segments, such as RILA, has taken longer than expected, indicating potential execution challenges.
Growth Momentum Challenges: Despite record sales, the company is facing challenges in maintaining growth momentum, suggesting that future performance may moderate after a strong year.
FG FAQs
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FG Earning Call Sentiment
F&G Annuities & Life, Inc. (NYSE:FG) Q4 2024 Earnings Call Transcript
FG.N
5.51%Positive
The earnings call presents strong financial performance with significant sales growth, record retail sales, and a robust increase in assets under management. The shareholder return plan is positive with substantial capital returned. Despite some concerns over elevated crediting rates and regulatory activities, the management's optimistic guidance and strategic market positioning suggest a positive outlook. The market cap indicates moderate volatility, aligning with a positive stock price movement prediction of 2% to 8%.
