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 +5.50% change in stock price 10 days leading up to the earnings, and a -0.29% change 10 days following the report. On the earnings day itself, the stock moves by -1.31%. 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
1.45B
70.06%
21.67%
Gross Margin
--
--
--
Operating Margin
0.41%
-99.13%
-98.26%
Net Margin
-0.34%
-100.95%
-101.99%
EPS
-0.08
-103.27%
-105.30%
No Data Available
FG Earnings Analysis
F&G Annuities & Life, Inc. Corporation (FG.N) Earnings Conference Call
Positive
Gross Sales Surge: 1. Strong Gross Sales Growth: F&G reported gross sales of $3.9 billion in Q3 2024, a 39% increase compared to the same quarter last year, contributing to year-to-date sales of $11.8 billion, up 30%.
Record Retail Sales Surge: 2. Record Retail Sales: Retail sales from agency bank and broker-dealer channels reached a record $3.5 billion in Q3 2024, nearly double the prior year quarter, with year-to-date retail sales totaling $9.5 billion.
Pension Risk Transfer Surge: 3. Significant Pension Risk Transfer Sales: Pension risk transfer sales exceeded $300 million in Q3 2024, bringing total sales for the first 10 months of 2024 to $2.1 billion, surpassing full year 2023 sales.
Record AUM Growth: 4. Record Assets Under Management: F&G's assets under management grew to a record $62.9 billion at the end of Q3 2024, marking a 20% increase from the same period in 2023, driven by net new business flows.
Adjusted Net Earnings Growth: 5. Increased Adjusted Net Earnings: Adjusted net earnings attributable to common shareholders for Q3 2024 were $156 million, or $1.22 per share, reflecting a 21% increase from $148 million in Q3 2023.
Negative
Surrender Charge Impact: 1. Increased Surrender Charges: The company reported a $17 million net expense from an actuarial assumption review, reflecting updates to surrender assumptions due to elevated surrender activity, indicating a potential trend of increased policyholder terminations.
Adjusted ROA Performance: 2. Lower Adjusted ROA: Adjusted ROA, excluding significant items, was 132 basis points in Q3 2024, which, while up from 120 basis points in Q3 2023, reflects a modest increase that may not meet investor expectations for more substantial growth.
Debt Reliance Risks: 3. High Debt Levels: Consolidated debt outstanding remained unchanged at $2.1 billion, with a debt to capitalization ratio of 26.5%, indicating a significant reliance on debt financing that could pose risks in a rising interest rate environment.
Reinsurance Capacity Challenges: 4. Limited Flow Reinsurance Capacity: Although the company is optimistic about flow reinsurance, there are no set targets for reinsuring, which may indicate uncertainty in capitalizing on this growth opportunity amid market fluctuations.
Investment Income Volatility Risks: 5. Potential Volatility in Investment Income: The company noted that credit-related impairments have averaged 5 basis points since 2020, but any significant market downturn could lead to increased volatility in investment income, particularly in alternative investments.
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FG Earning Call Sentiment
F&G Annuities & Life, Inc. (FG) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
FG.N
-0.99%Positive
The earnings call reveals strong financial performance with significant growth in gross and net sales, AUM, and adjusted net earnings. The shareholder return plan indicates sustainable dividends with the potential for growth. Despite competitive pressures and supply chain challenges, the company is optimistic about market opportunities and strategic partnerships. The Q&A section highlights management's bullish outlook on retail and PRT sales, though some concerns about elevated surrenders and unclear responses were noted. Overall, the positive financial results and strategic initiatives suggest a positive stock price movement in the near term.