Major Estimate Revision • 12h
Consensus EPS estimates increase by 21%, revenue downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$3.16b to US$3.11b. EPS estimate rose from US$3.95 to US$4.78. Net income forecast to grow 22% next year vs 1.0% growth forecast for Insurance industry in the US. Consensus price target of US$27.00 unchanged from last update. Share price was steady at US$27.79 over the past week. Live News • May 17
F&G Annuities & Life Reports US$110 Million Earnings and Announces US$100 Million Buyback F&G Annuities & Life reported Q1 2026 adjusted net earnings of US$110 million, with record AUM of nearly US$75b and gross sales of US$3.2b.
Management highlighted a shift toward a more fee-based, higher-margin and less capital-intensive model, while keeping focus on core guaranteed income products and moderating opportunistic MYGA sales.
The board approved a new US$100 million three-year share repurchase program and the company is reviewing strategic options for its Peak Altitude distribution business.
The combination of record AUM, a pivot toward fee-based revenue and a buyback program indicates management’s focus on return on equity and capital efficiency rather than pure volume growth.
Investors may want to watch how the fee-based shift, the outcome of the Peak Altitude review and any impact from lower MYGA emphasis affect future earnings per share and capital deployment. Declared Dividend • May 11
First quarter dividend of US$0.25 announced Shareholders will receive a dividend of US$0.25. Ex-date: 16th June 2026 Payment date: 30th June 2026 Dividend yield will be 3.4%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has increased by an average of 7.7% per year over the past 3 years and payments have been stable during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • May 08
F&G Annuities & Life, Inc. announces Quarterly dividend, payable on June 30, 2026 F&G Annuities & Life, Inc. announced Quarterly dividend of USD 0.2500 per share payable on June 30, 2026, ex-date on June 16, 2026 and record date on June 16, 2026. Reported Earnings • May 07
First quarter 2026 earnings released: EPS: US$1.84 (vs US$0.20 loss in 1Q 2025) First quarter 2026 results: EPS: US$1.84 (up from US$0.20 loss in 1Q 2025). Revenue: US$1.19b (up 31% from 1Q 2025). Net income: US$244.0m (up US$269.0m from 1Q 2025). Profit margin: 21% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • May 04
F&G Annuities & Life, Inc., Annual General Meeting, Jun 24, 2026 F&G Annuities & Life, Inc., Annual General Meeting, Jun 24, 2026. Board Change • May 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Independent Director Celina J. Doka was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 23
F&G Annuities & Life, Inc. to Report Q1, 2026 Results on May 06, 2026 F&G Annuities & Life, Inc. announced that they will report Q1, 2026 results After-Market on May 06, 2026 Buy Or Sell Opportunity • Mar 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to US$24.20. The fair value is estimated to be US$30.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 18%. Announcement • Mar 17
F&G Annuities & Life, Inc. (NYSE:FG) announces an Equity Buyback for $100 million worth of its shares. F&G Annuities & Life, Inc. (NYSE:FG) announces a share repurchase program. Under the program, the company will purchase up to $100 million worth of its own shares. The plan is valid till March 31, 2029. Upcoming Dividend • Mar 10
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 17 March 2026. Payment date: 31 March 2026. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of American dividend payers (4.3%). Higher than average of industry peers (2.6%). Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to US$23.32, the stock trades at a trailing P/E ratio of 12.8x. Average forward P/E is 10x in the Insurance industry in the US. Total returns to shareholders of 22% over the past three years. Announcement • Feb 24
Ancient Financial entered into a definitive agreement to acquire F&G Life Re Ltd. from F&G Annuities & Life, Inc. (NYSE:FG). Ancient Financial entered into a definitive agreement to acquire F&G Life Re Ltd. from F&G Annuities & Life, Inc. (NYSE:FG) on February 23, 2026. Ancient Financial will be led by industry veteran Erich Schram, who previously served as Head of Blackstone’s Insurance Portfolios.
The transaction is expected to close during the first quarter of 2026.
Barclays Capital Inc. acted as financial advisor to Ancient Financial. Sidley Austin LLP acted as legal advisor to Ancient Financial. Walkers Limited acted as legal advisor to Ancient Financial. Actuarial and strategic services were provided by Milliman, Inc. and Oliver Wyman. Milliman served as actuarial advisor toF&G Annuities & Life, Inc. Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to F&G Annuities & Life, Inc. ASW Law Limited acted as legal advisor to F&G Annuities & Life, Inc. Reported Earnings • Feb 23
Full year 2025 earnings released: EPS: US$1.89 (vs US$4.98 in FY 2024) Full year 2025 results: EPS: US$1.89 (down from US$4.98 in FY 2024). Revenue: US$5.73b (flat on FY 2024). Net income: US$248.0m (down 60% from FY 2024). Profit margin: 4.3% (down from 11% in FY 2024). Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Insurance industry in the US. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 23
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 28% to US$23.32. The fair value is estimated to be US$30.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 18%. Declared Dividend • Feb 23
Third quarter dividend of US$0.25 announced Shareholders will receive a dividend of US$0.25. Ex-date: 17th March 2026 Payment date: 31st March 2026 Dividend yield will be 3.7%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has increased by an average of 7.7% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 71% to shift the payout ratio to a potentially unsustainable range, which is more than the 18% EPS decline seen over the last 5 years. Price Target Changed • Feb 22
Price target decreased by 7.8% to US$29.50 Down from US$32.00, the current price target is an average from 2 analysts. New target price is 16% above last closing price of US$25.48. Stock is down 37% over the past year. The company posted earnings per share of US$4.98 last year. Announcement • Feb 20
F&G Annuities & Life, Inc. Declares Quarterly Cash Dividend, Payable on March 31, 2026 F&G Annuities & Life, Inc. announced that its Board of Directors has declared a quarterly cash dividend in the amount of $0.25 per common share. The dividend will be payable on March 31, 2026, to stockholders of record as of March 17, 2026. Announcement • Feb 06
F&G Annuities & Life, Inc. to Report Q4, 2025 Results on Feb 19, 2026 F&G Annuities & Life, Inc. announced that they will report Q4, 2025 results After-Market on Feb 19, 2026 Buy Or Sell Opportunity • Dec 17
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.3% to US$32.83. The fair value is estimated to be US$42.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has declined by 9.1%. Upcoming Dividend • Dec 10
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 17 December 2025. Payment date: 31 December 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of American dividend payers (4.5%). Higher than average of industry peers (2.0%). Declared Dividend • Nov 10
Third quarter dividend increased to US$0.25 Dividend of US$0.25 is 14% higher than last year. Ex-date: 17th December 2025 Payment date: 31st December 2025 Dividend yield will be 3.0%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (6% earnings payout ratio) and cash flows (2% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 93% to shift the payout ratio to a potentially unsustainable range, which is more than the 18% EPS decline seen over the last 5 years. Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: US$0.86 (vs US$0.081 loss in 3Q 2024) Third quarter 2025 results: EPS: US$0.86 (up from US$0.081 loss in 3Q 2024). Revenue: US$1.69b (up 17% from 3Q 2024). Net income: US$114.0m (up US$124.0m from 3Q 2024). Profit margin: 6.7% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Insurance industry in the US. Announcement • Nov 07
F&G Annuities & Life, Inc. Declares Quarterly Cash Dividend, Payable on December 31, 2025 F&G Annuities & Life, Inc. announced that its Board of Directors has declared an increase in the Company's quarterly cash dividend of 14%, to $0.25 per common share, from the previous quarterly cash dividend of $0.22 per common share. The dividend will be payable December 31, 2025, to stockholders of record as of December 17, 2025. Announcement • Oct 23
F&G Annuities & Life, Inc. to Report Q3, 2025 Results on Nov 06, 2025 F&G Annuities & Life, Inc. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Nov 06, 2025 Upcoming Dividend • Sep 10
Upcoming dividend of US$0.22 per share Eligible shareholders must have bought the stock before 16 September 2025. Payment date: 30 September 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of American dividend payers (4.4%). Higher than average of industry peers (2.0%). Declared Dividend • Aug 10
Second quarter dividend of US$0.22 announced Shareholders will receive a dividend of US$0.22. Ex-date: 16th September 2025 Payment date: 30th September 2025 Dividend yield will be 2.6%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (2% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 61% to shift the payout ratio to a potentially unsustainable range, which is more than the 20% EPS decline seen over the last 5 years. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: US$0.26 (vs US$1.60 in 2Q 2024) Second quarter 2025 results: EPS: US$0.26 (down from US$1.60 in 2Q 2024). Revenue: US$1.35b (up 13% from 2Q 2024). Net income: US$35.0m (down 82% from 2Q 2024). Profit margin: 2.6% (down from 17% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Insurance industry in the US. Announcement • Jul 25
F&G Annuities & Life, Inc. Appoints Gregg N. Sofer as Executive Vice President, Deputy Chief Legal Officer, and Chief Compliance Officer F&G Annuities & Life, Inc. announced the appointment of Gregg N. Sofer as Executive Vice President, Deputy Chief Legal Officer, and Chief Compliance Officer. Mr. Sofer brings more than 30 years of legal experience to FNF, including a distinguished career in public service and private practice. He was appointed the U.S. Attorney for the Western District of Texas by Attorney General William Barr in 2020. Prior to his appointment, he served as Counsel to Attorney General Barr for national security and criminal matters. His notable work during nearly two decades at the Department of Justice includes leading the investigation and prosecution of high-profile, high-stakes cases involving international terrorism, money laundering, and fraud, as well as a RICO prosecution stemming from the attempted assassination of a state court judge. He is an accomplished trial lawyer, having successfully tried complex cases in both state and federal courts. As Chief of the Criminal Division of the United States Attorney's Office, he led over 100 prosecutors in one of the busiest federal prosecutors' offices in the country. At Main Justice, Mr. Sofer also served as the Director of both the Office of Justice for Victims of Overseas Terrorism and the National Gang Targeting Enforcement and Coordination Center. Mr. Sofer started his career in the New York County District Attorney's Office in 1991, where he spent 11 years prosecuting cases ranging from white collar fraud to murder. Most recently, Gregg was a partner at the law firm of Husch Blackwell, where he specialized in compliance matters, white collar defense, and internal investigations. Sofer succeeds Paul Perez, who is retiring after serving in the role since 2007. Perez joined FNF after serving as the United States Attorney for the Middle District of Florida, appointed by President George W. Bush in 2002. His legal career spanned decades, including roles as a civil and criminal trial lawyer and a federal prosecutor. His leadership has been foundational to FNF's compliance culture and legal strategy. Announcement • Jul 24
F&G Annuities & Life, Inc. to Report Q2, 2025 Results on Aug 06, 2025 F&G Annuities & Life, Inc. announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Upcoming Dividend • Jun 09
Upcoming dividend of US$0.22 per share Eligible shareholders must have bought the stock before 16 June 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of American dividend payers (4.8%). Higher than average of industry peers (1.9%). Recent Insider Transactions • May 11
CEO & Director recently bought US$308k worth of stock On the 9th of May, Christopher Blunt bought around 10k shares on-market at roughly US$30.80 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$360k. Christopher has been a buyer over the last 12 months, purchasing a net total of US$1.4m worth in shares. Declared Dividend • May 11
First quarter dividend of US$0.22 announced Shareholders will receive a dividend of US$0.22. Ex-date: 16th June 2025 Payment date: 30th June 2025 Dividend yield will be 2.9%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (2% cash payout ratio). The dividend has increased by an average of 4.9% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 75% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.5% EPS decline seen over the last 5 years. Reported Earnings • May 09
First quarter 2025 earnings released: US$0.20 loss per share (vs US$0.90 profit in 1Q 2024) First quarter 2025 results: US$0.20 loss per share (down from US$0.90 profit in 1Q 2024). Revenue: US$886.0m (down 44% from 1Q 2024). Net loss: US$25.0m (down 123% from profit in 1Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Insurance industry in the US. Announcement • May 08
F&G Annuities & Life, Inc. Declares Quarterly Cash Dividend, Payable on June 30, 2025 F&G Annuities & Life, Inc. announced that its Board of Directors has declared a quarterly cash dividend in the amount of $0.22 per common share. The dividend will be payable on June 30, 2025, to stockholders of record as of June 16, 2025. Announcement • May 01
F&G Annuities & Life, Inc., Annual General Meeting, Jun 25, 2025 F&G Annuities & Life, Inc., Annual General Meeting, Jun 25, 2025. Announcement • Apr 24
F&G Annuities & Life, Inc. to Report Q1, 2025 Results on May 07, 2025 F&G Annuities & Life, Inc. announced that they will report Q1, 2025 results After-Market on May 07, 2025 Price Target Changed • Apr 19
Price target decreased by 9.8% to US$40.00 Down from US$44.33, the current price target is an average from 2 analysts. New target price is 15% above last closing price of US$34.80. Stock is down 4.7% over the past year. The company posted earnings per share of US$4.98 last year. Price Target Changed • Apr 10
Price target decreased by 8.0% to US$42.33 Down from US$46.00, the current price target is an average from 3 analysts. New target price is 25% above last closing price of US$33.79. Stock is down 7.5% over the past year. The company is forecast to post earnings per share of US$5.12 for next year compared to US$4.98 last year. Recent Insider Transactions • Mar 25
CEO & Director recently bought US$350k worth of stock On the 24th of March, Christopher Blunt bought around 10k shares on-market at roughly US$35.03 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Christopher's only on-market trade for the last 12 months. Announcement • Mar 22
F&G Annuities & Life, Inc. has completed a Follow-on Equity Offering in the amount of $280 million. F&G Annuities & Life, Inc. has completed a Follow-on Equity Offering in the amount of $280 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 8,000,000
Price\Range: $35
Discount Per Security: $1.4 Announcement • Mar 21
F&G Annuities & Life, Inc. has filed a Follow-on Equity Offering. F&G Annuities & Life, Inc. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 8,000,000 Upcoming Dividend • Mar 12
Upcoming dividend of US$0.22 per share Eligible shareholders must have bought the stock before 17 March 2025. Payment date: 31 March 2025. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of American dividend payers (4.7%). Higher than average of industry peers (1.9%). Declared Dividend • Feb 25
Fourth quarter dividend of US$0.22 announced Shareholders will receive a dividend of US$0.22. Ex-date: 17th March 2025 Payment date: 31st March 2025 Dividend yield will be 2.1%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (2% cash payout ratio). The dividend has increased by an average of 4.9% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 16% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 21
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: US$4.98 (up from US$0.47 loss in FY 2023). Revenue: US$5.74b (up 27% from FY 2023). Net income: US$622.0m (up US$680.0m from FY 2023). Profit margin: 11% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 39%. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Insurance industry in the US. Announcement • Feb 07
F&G Annuities & Life, Inc. to Report Q4, 2024 Results on Feb 20, 2025 F&G Annuities & Life, Inc. announced that they will report Q4, 2024 results After-Market on Feb 20, 2025 Buy Or Sell Opportunity • Dec 17
Now 20% undervalued Over the last 90 days, the stock has risen 3.7% to US$43.55. The fair value is estimated to be US$54.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Upcoming Dividend • Dec 10
Upcoming dividend of US$0.22 per share Eligible shareholders must have bought the stock before 17 December 2024. Payment date: 31 December 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of American dividend payers (4.2%). Higher than average of industry peers (1.7%). Declared Dividend • Nov 11
Third quarter dividend increased to US$0.22 Dividend of US$0.22 is 4.8% higher than last year. Ex-date: 17th December 2024 Payment date: 31st December 2024 Dividend yield will be 1.8%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (2% cash payout ratio). The dividend has increased by an average of 4.9% per year over the past 2 years and payments have been stable during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Announcement • Nov 08
F&G Annuities & Life, Inc. Announces Quarterly Common Stock Dividend, Payable on December 31, 2024 F&G Annuities & Life, Inc. announced that its Board of Directors has declared an increase in the company's quarterly cash dividend of 5%, to $0.22 per common share, from the previous quarterly cash dividend of $0.21 per common share. The dividend will be payable December 31, 2024, to stockholders of record as of December 17, 2024. Reported Earnings • Nov 07
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: US$0.081 loss per share (down from US$2.47 profit in 3Q 2023). Revenue: US$1.44b (up 69% from 3Q 2023). Net loss: US$10.0m (down 103% from profit in 3Q 2023). Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) missed analyst estimates. Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Insurance industry in the US are expected to grow by 5.2%. Announcement • Oct 24
F&G Annuities & Life, Inc. to Report Q3, 2024 Results on Nov 06, 2024 F&G Annuities & Life, Inc. announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 Announcement • Oct 03
F&G Annuities & Life, Inc. (NYSE:FG) acquired First Nationwide Title Agency, LLC from AMT Direct Title, LLC. F&G Annuities & Life, Inc. (NYSE:FG) acquired First Nationwide Title Agency, LLC from AMT Direct Title, LLC on October 2, 2024. As part of the acquisition, FNTA's key commercial leadership team will join FNF, including Steven Napolitano, Devin Dregne, Esq., Michael Ehrhardt, Michael Elkins, Esq., Jesse Iadanza, Esq., Michael Lebovitz, Michael Scott, Esq., Matthew Emanuelo, and Chris Suozzi. Napolitano, who serves as FNTA's President and CEO, has over 35 years of industry experience and will continue to lead the company's day-to-day operations under FNF's ownership.
F&G Annuities & Life, Inc. (NYSE:FG) completed the acquisition of First Nationwide Title Agency, LLC from AMT Direct Title, LLC. Upcoming Dividend • Sep 09
Upcoming dividend of US$0.21 per share Eligible shareholders must have bought the stock before 16 September 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of American dividend payers (4.4%). Higher than average of industry peers (1.6%). Reported Earnings • Aug 06
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: US$1.60 (up from US$1.04 in 2Q 2023). Revenue: US$1.17b (down 1.4% from 2Q 2023). Net income: US$198.0m (up 52% from 2Q 2023). Profit margin: 17% (up from 11% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) exceeded analyst estimates by 35%. Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Insurance industry in the US. Declared Dividend • Aug 04
First quarter dividend of US$0.21 announced Shareholders will receive a dividend of US$0.21. Ex-date: 16th September 2024 Payment date: 30th September 2024 Dividend yield will be 2.2%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (2% cash payout ratio). The dividend has increased by an average of 2.5% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 45% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 02
F&G Annuities & Life, Inc. Declares Quarterly Cash Dividend, Payable on September 30, 2024 F&G Annuities & Life, Inc. announced that its board of directors has declared a quarterly cash dividend in the amount of $0.21 per common share. The dividend will be payable on September 30, 2024, to stockholders of record as of September 16, 2024. Announcement • Jul 23
F&G Annuities & Life, Inc. to Report Q2, 2024 Results on Aug 05, 2024 F&G Annuities & Life, Inc. announced that they will report Q2, 2024 results After-Market on Aug 05, 2024 Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$43.51, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Insurance industry in the US. Total returns to shareholders of 81% over the past year. Upcoming Dividend • Jun 07
Upcoming dividend of US$0.21 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of American dividend payers (4.7%). Higher than average of industry peers (1.8%). New Risk • May 16
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.7% Last year net profit margin: 8.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Profit margins are more than 30% lower than last year (4.7% net profit margin). Announcement • May 14
F&G Annuities & Life, Inc. Announces Appointment of John Currier to President F&G Annuities & Life, Inc. announced the appointment of John Currier to the position of President, continuing to report to Chris Blunt, Chief Executive Officer. In addition to his role as President of F&G, Mr. Currier will continue to have responsibility for the Retail Markets business unit. Prior to his appointment to President of F&G, Mr. Currier served as President of Retail Markets since February 2021 and was responsible for the Retail business unit's sales, operations, marketing, new business profitability and inforce management. He joined F&G in May 2015 as Deputy Chief Actuary, was named Chief Actuary in October 2016 and was promoted to Chief Actuary and Chief Product Officer in March 2019. Mr. Currier is a seasoned executive in the insurance industry with more than 30 years of experience. His previous positions include tenures as EVP & Chief Actuary of Aviva USA, Chief Product Officer for AmerUs Group and Chief Actuary for Life Companies of Farm Bureau Financial Services. Declared Dividend • May 12
First quarter dividend of US$0.21 announced Shareholders will receive a dividend of US$0.21. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 2.0%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (2% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 45% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 09
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: EPS: US$0.90 (up from US$1.56 loss in 1Q 2023). Revenue: US$1.57b (up 79% from 1Q 2023). Net income: US$111.0m (up US$306.0m from 1Q 2023). Profit margin: 7.1% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 34%. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Insurance industry in the US. Announcement • May 09
F&G Annuities & Life, Inc. Declares Quarterly Cash Dividend on Common Shares, Payable on June 28, 2024 F&G Annuities & Life, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.21 per common share. Dividends on the common stock are payable on June 28, 2024, to stockholders of record as of June 14, 2024. Announcement • Apr 26
F&G Annuities & Life, Inc. to Report Q1, 2024 Results on May 08, 2024 F&G Annuities & Life, Inc. announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on May 08, 2024 Upcoming Dividend • Mar 07
Upcoming dividend of US$0.21 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 29 March 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.3%. Lower than top quartile of American dividend payers (4.7%). Higher than average of industry peers (1.9%). Reported Earnings • Feb 22
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: US$0.47 loss per share (down from US$4.18 profit in FY 2022). Revenue: US$4.50b (up 90% from FY 2022). Net loss: US$58.0m (down 112% from profit in FY 2022). Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Insurance industry in the US. Announcement • Feb 15
F&G Annuities & Life, Inc. Declares Quarterly Cash Dividend, Payable on March 29, 2024 F&G Annuities & Life, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.21 per common share. Dividends on the common stock are payable on March 29, 2024, to stockholders of record as of March 15, 2024. Announcement • Feb 14
F&G Annuities & Life Launches Its First Registered Index-Linked Annuity, F&G Confidence Builder F&G Annuities & Life, Inc. has launched its first Registered Index-Linked Annuity (RILA), F&G Confidence BuilderSM. The Company's newest product addresses retirement challenges from volatility to inflation, seeking to find a balance between managing risk and long-term growth potential. The innovative Hindsight 20/20 strategy is powered by BofA Securities and tracks three distinct indexes, each designed to perform in different market conditions: BofA MP Balanced Index, BofA MP Growth Index and BofA MP Defensive Index. At the end of the crediting period, regardless of market fluctuations, Hindsight 20/20 applies the "best-of performance" among these three indexes, allowing customers to benefit from the best performing of these indices. Announcement • Feb 08
F&G Annuities & Life, Inc. to Report Q4, 2023 Results on Feb 21, 2024 F&G Annuities & Life, Inc. announced that they will report Q4, 2023 results After-Market on Feb 21, 2024 Upcoming Dividend • Dec 07
Upcoming dividend of US$0.21 per share at 1.9% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 29 December 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (4.8%). In line with average of industry peers (2.0%). Reported Earnings • Nov 10
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: US$2.47 (up from US$0.92 in 3Q 2022). Revenue: US$851.0m (down 6.4% from 3Q 2022). Net income: US$306.0m (up 166% from 3Q 2022). Profit margin: 36% (up from 13% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 9.9%. Earnings per share (EPS) exceeded analyst estimates by 150%. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Insurance industry in the US. Announcement • Nov 09
F&G Annuities & Life Announces Increase in Quarterly Cash Dividend, Payable December 29, 2023 F&G Annuities & Life, Inc. announced that its Board of Directors has declared an increase in the Company's quarterly cash dividend of 5%, to $0.21 per commonshare, from the previous quarterly cash dividend of $0.20 per common share. The dividend will be payable December 29, 2023, to stockholders of record as of December 15, 2023. Announcement • Oct 25
F&G Annuities & Life, Inc. to Report Q3, 2023 Results on Nov 07, 2023 F&G Annuities & Life, Inc. announced that they will report Q3, 2023 results After-Market on Nov 07, 2023 Upcoming Dividend • Sep 07
Upcoming dividend of US$0.20 per share at 3.0% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.0%. Lower than top quartile of American dividend payers (4.9%). Higher than average of industry peers (2.2%). 
