F&G Annuities & Life Inc ( (FG) ) has released its Q2 earnings. Here is a breakdown of the information F&G Annuities & Life Inc presented to its investors.
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F&G Annuities & Life Inc., headquartered in Des Moines, Iowa, is a prominent provider of insurance solutions, specializing in retail annuity and life insurance products for both individual and institutional clients.
In its latest earnings report for the second quarter of 2025, F&G Annuities & Life Inc. announced net earnings of $35 million, a significant decrease from $198 million in the same quarter of the previous year. Despite this drop in net earnings, the company reported record assets under management (AUM) of $69.2 billion, marking a 13% increase from the prior year, driven by strong retail sales.
Key financial highlights include adjusted net earnings of $103 million, or $0.77 per share, compared to $139 million, or $1.10 per share, in the second quarter of 2024. The company achieved gross sales of $4.1 billion, with net sales at $2.7 billion. The investment portfolio showed excellent credit performance, with 97% of fixed maturities being investment grade. Additionally, the adjusted return on equity excluding AOCI increased to 8.8% from 8.4% in the previous year.
F&G continues to focus on organic growth and capital return to shareholders, with $35 million returned through dividends in the second quarter. The company remains on track to meet its medium-term targets set during the 2023 Investor Day, as it transitions towards a more fee-based, higher-margin business model.
Looking ahead, F&G Annuities & Life Inc. is optimistic about further improvements in operating expenses relative to AUM and expects continued growth in its investment portfolio. The company is confident in its ability to achieve its strategic objectives, leveraging its position as a leading distributor in the annuities and life insurance market.