NYSE:FGInsurance
F&G Annuities & Life (FG) Stock Caught Between Strong Sales And Profit Pressure
F&G Annuities & Life slipped about 1.6% to US$29.18 today, even though the headline from Q2 was not a revenue crack but an earnings air pocket. Reported basic earnings per share swung to a loss of US$0.62 and net income moved to a loss of US$81 million, as weaker alternative investment returns hit what is essentially a spread and fee income story.
For a stock that still trades on a single digit P/E and has been edging higher over the past three months, the real question now is whether this...