Overview

* F&G Annuities & Life ( FG ) Q2 adjusted EPS of $0.77 beats analyst expectations, per LSEG data

* Revenue of $2.7 bln surpasses estimates, driven by strong retail sales

* Record AUM before flow reinsurance at $69.2 bln, up 13% yr/yr

Outlook

* Company expects further improvement in operating expense ratio in H2 2025

* Company confident in achieving medium-term Investor Day targets

Result Drivers

* RETAIL SALES - Record retail channel sales drove asset growth, contributing to record AUM of $69.2 bln

* INVESTMENT PORTFOLIO - Excellent credit performance with 97% of fixed maturities being investment grade

* EXPENSE MANAGEMENT - Disciplined expense management led to scale benefits, offsetting higher interest expenses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $2.74 $1.18

Revenue bln bln (1

Analyst)

Q2 Beat $0.77 $0.57 (2

Adjusted Analysts

EPS )

Q2 EPS $0.26

Q2 Beat $103 mln $91 mln

Adjusted (2

Net Analysts

Income )

Q2 Net $35 mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the life & health insurance peer group is "buy."

* Wall Street's median 12-month price target for F&G Annuities & Life Inc ( FG ) is $35.50, about 8.7% above its August 5 closing price of $32.40

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)