Record AUM and Strong Sales Performance
F&G reported a record $71.4 billion of AUM before flow reinsurance at the end of the third quarter, with a 14% increase compared to the third quarter of 2024. The company generated $4.2 billion in gross sales during the third quarter, marking one of the best sales quarters in history.
Growth in Core and Opportunistic Sales
Core sales, including indexed annuities, index life, and pension risk transfer, totaled $2.2 billion in the third quarter. Opportunistic sales reached $2 billion, with notable achievements in funding agreements and MYGA sales.
Improved Financial Metrics
Adjusted net earnings for the third quarter were $165 million or $1.22 per share. The company's adjusted return on equity was 8.8%, and adjusted ROA was stable at 92 basis points.
Expansion of Fee-Based Income
Fee income from accretive flow reinsurance grew 46% over the first nine months of 2024. The introduction of a new reinsurance sidecar supports a capital-light, high-margin business model.
Dividend Increase
F&G increased its dividend by 13.6%, reflecting the benefits of its capital-light model.