F&G Annuities reports Q2 adjusted EPS $1.16 vs. $1.24 last year

Reports Q2 revenue $3.63B vs. $3.16B last year. CEO William Foley, II commented, “Our business continued to perform well through the second quarter highlighted by an industry leading pre-tax Title margin and strong adjusted net earnings from our Title segment, as the housing market continues to face elevated mortgage interest rates and record home prices. F&G has achieved record assets under management before flow reinsurance of $69.2B, up 13% over the second quarter of 2024, and remains an important contributor to our consolidated results. While the residential housing market remains muted, FNF continues to generate a healthy level of free cash flow which positioned us to accelerate our buyback, having repurchased 2.9 million shares for $159M in Q2 in addition to paying $135M in dividends. Year-to-date, we have returned over $450M through common dividends and share repurchases.”