F&G Annuities & Life Inc Stock Price, News & Analysis

Fidelity National Financial (FNF) reported strong financial results for Q4 and full year 2024. Net earnings attributable to common shareholders reached $450 million ($1.65 per share) in Q4 2024, compared to a net loss of $69 million in Q4 2023. Full-year net earnings were $1.3 billion ($4.65 per share).

The Title Segment delivered strong performance with total revenue of $2.0 billion in Q4 and $7.7 billion for the full year, showing increases of 23% and 9% respectively over 2023. The segment achieved an industry-leading adjusted pre-tax title margin of 16.6% in Q4.

The F&G Segment achieved record assets under management of $65.3 billion, a 17% increase over Q4 2023. Full-year gross sales reached a record $15.3 billion, up 16% from 2023. F&G contributed 38% of FNF's consolidated adjusted net earnings for 2024, compared to 30% in 2023.

F&G Annuities & Life (NYSE: FG) reported strong financial results for Q4 and full year 2024. Net earnings for Q4 were $323 million ($2.50 per share), compared to a loss of $299 million in Q4 2023. Full year net earnings reached $622 million ($4.88 per share), up from a loss of $58 million in 2023.

The company achieved record gross sales of $15.3 billion for 2024, a 16% increase over 2023, driven by strong retail and pension risk transfer sales. Assets under management (AUM) reached a record $65.3 billion, up 17% year-over-year. The company's adjusted ROE expanded to over 12% for 2024, compared to 10% in 2023.

F&G maintained strong capital position with an estimated risk-based capital (RBC) ratio over 410%, above their 400% target. The company returned $125 million to shareholders through dividends in 2024, and completed several capital market activities including issuing $500 million in senior notes and $375 million in junior subordinated notes.

F&G Annuities & Life (NYSE: FG) has announced its schedule for the release of fourth quarter and full year 2024 earnings results. The company will release its financial results after market close on Thursday, February 20, 2025, followed by a webcast and conference call at 9:00 a.m. Eastern Time on Friday, February 21, 2025.

Investors can access the webcast through F&G's Investor Relations website at investors.fglife.com. For telephone participation, participants can dial 1-877-407-3982 (USA) or 1-201-493-6780 (International). A conference call replay will be available via webcast through the company's Investor Relations website.

Fidelity National Financial (NYSE: FNF) has scheduled its fourth quarter and full year 2024 earnings release for Thursday, February 20, 2025, after market close. The company will host a conference call and webcast to discuss the results on Friday, February 21, 2025, at 11:00 a.m. Eastern Time.

FNF operates as a leading provider of title insurance and transaction services to real estate and mortgage industries. Through its majority-owned subsidiary F&G Annuities & Life (NYSE: FG), it also provides insurance solutions for retail annuity and life customers and institutional clients. FNF maintains its position as the nation's largest title insurance company through its underwriters: Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title, and National Title of New York.

F&G Annuities & Life (NYSE: FG) has announced that its subsidiary, Fidelity & Guaranty Life Holdings (FGLH), will redeem all outstanding $300 million aggregate principal amount of its 5.50% Senior Notes on February 1, 2025. The notes were originally due May 1, 2025.

The redemption price will equal 100% of the principal amount plus accrued and unpaid interest up to, but excluding, the redemption date. Interest will cease to accrue on the notes after the redemption date. Beneficial owners of the notes should contact their bank, broker, or nominee for information about the redemption payment.

F&G Annuities & Life (NYSE: FG) has announced the pricing of a public offering of $375 million in junior subordinated notes, due 2065, with a 7.300% interest rate. The offering is expected to close on January 13, 2025, subject to customary conditions.

The company plans to use the net proceeds for general corporate purposes, including the repurchase, redemption, or repayment of outstanding debt at maturity. The offering is being managed by a group of prominent financial institutions including Wells Fargo Securities, BofA Securities, J.P. Morgan Securities, Morgan Stanley & Co., and RBC Capital Markets as joint book-running managers.

The public offering is being conducted through a registration statement filed with the SEC, with prospectus and supplementary materials available through various channels.

Fidelity National Financial (NYSE: FNF) announced that CEO Mike Nolan and CFO Tony Park will participate in a fireside chat at the Stephens Annual Investment Conference on Tuesday, November 19, 2024, at 9:00 am Eastern Time. The event will be accessible via live audio webcast and replay on investor.fnf.com.

FNF is a leading provider of title insurance and transaction services to real estate and mortgage industries. Through its title insurance underwriters - Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title, and National Title of New York - FNF stands as the nation's largest title insurance company. The company also provides insurance solutions through its majority-owned subsidiary F&G Annuities & Life (NYSE: FG).

F&G Annuities & Life (NYSE: FG) has announced a 5% increase in its quarterly cash dividend to $0.22 per common share, up from the previous $0.21. The dividend will be paid on December 31, 2024, to stockholders of record as of December 17, 2024. Additionally, the company declared a quarterly cash dividend of $0.859375 per share on its 6.875% Series A Mandatory Convertible Preferred Stock, payable on January 15, 2025, to holders of record as of January 1, 2025.

Fidelity National Financial (NYSE: FNF) has announced a 4% increase in its quarterly cash dividend. The company's Board of Directors has raised the dividend from $0.48 to $0.50 per common share. The dividend will be paid on December 31, 2024, to stockholders of record as of December 17, 2024. FNF is the nation's largest title insurance company, operating through multiple title insurance underwriters and providing insurance solutions through its majority-owned subsidiary F&G Annuities & Life.