Welcome to our dedicated page for F&G Annuities & Life news (Ticker: FG), a resource for investors and traders seeking the latest updates and insights on F&G Annuities & Life stock.
F&G Annuities & Life Inc. (FG) delivers innovative insurance solutions through annuities and life insurance products designed for retirement security and institutional risk management. This page provides investors and financial professionals with direct access to the company's official announcements and market-moving developments.
Track FG's latest earnings reports, product launches, and strategic initiatives through verified press releases and regulatory filings. Our curated collection ensures you stay informed about deferred annuity innovations, pension risk transfer solutions, and indexed universal life insurance updates.
Key coverage areas include quarterly financial results, leadership changes, partnership announcements, and compliance-related disclosures. The repository serves as an essential tool for analyzing FG's market position in the competitive insurance sector.
Bookmark this page to monitor how FG's multi-channel distribution strategy and risk management approaches translate into operational updates. Check regularly for new developments affecting retirement planning solutions and institutional funding agreements.
Fidelity National Financial (FNF) reported Q3 2024 net earnings of $266 million ($0.97 per share), down from $426 million ($1.57 per share) in Q3 2023. However, adjusted net earnings increased to $356 million ($1.30 per share) from $333 million ($1.23 per share) year-over-year. The Title Segment maintained strong performance with $244 million contribution, while F&G Segment grew to $135 million from $102 million. Total revenue reached $3.6 billion, with Title Segment revenue at $2.1 billion and F&G achieving record assets under management of $62.9 billion. The company maintained an industry-leading adjusted pre-tax title margin of 15.9%.
F&G Annuities & Life (NYSE: FG) reported Q3 2024 results with a net loss of $10 million ($0.08 per share), compared to net earnings of $306 million ($2.45 per share) in Q3 2023. Adjusted net earnings were $156 million ($1.22 per share), up from $120 million ($0.96 per share) in Q3 2023.
The company achieved record gross sales of $3.9 billion, a 39% increase year-over-year, driven by record retail channel sales of $3.5 billion. Assets under management before flow reinsurance reached a record $62.9 billion, up 20% from Q3 2023. The company returned $31 million to shareholders through dividends in Q3 2024.
F&G Annuities & Life (NYSE: FG) will release its third quarter 2024 earnings after market close on Wednesday, November 6, 2024. The company will host a conference call and webcast to discuss the results on Thursday, November 7, 2024, at 9:00 a.m. Eastern Time. Investors can access the webcast through the company's Investor Relations website or join via telephone at 1-800-717-1738 (USA) or 1-646-307-1865 (International). F&G is a leading provider of insurance solutions serving retail annuity and life customers and institutional clients.
Fidelity National Financial (NYSE: FNF) has scheduled its third quarter 2024 earnings release for Wednesday, November 6, 2024, after market close. The company will host a conference call and webcast to discuss the results on Thursday, November 7, 2024, at 11:00 a.m. Eastern Time. FNF, the nation's largest title insurance company, operates through multiple title insurance underwriters and provides insurance solutions through its majority-owned subsidiary F&G Annuities & Life (NYSE: FG).
F&G's fifth annual Risk Tolerance Tracker reveals American investors' top concerns for their financial future. Inflation remains the primary worry at 80%, followed by the U.S. presidential election (72%) and recession fears (72%). Other significant concerns include cybercrime/fraud (63%) and geopolitical risks (61%).
The survey shows a slight improvement in risk tolerance, with 73% of respondents less likely to take financial risks, down from 78% in previous years. However, 66% still worry about retirement income. Generational differences are evident, with Baby Boomers most concerned about the election's impact (79%) and GenX about recession (76%).
Despite these concerns, 58% of respondents don't use a financial professional, and only 14% own an annuity. F&G CEO Chris Blunt emphasizes the importance of proactive planning and leveraging advisors for long-term financial security.
Fidelity National Financial, Inc. (NYSE:FNF) has acquired the commercial operations of First Nationwide Title Agency (FNTA), a division of AMT Commercial Title Services and subsidiary of AmTrust Financial Services, Inc. This acquisition expands FNF's national commercial services portfolio and aligns with its strategy of acquiring top companies in the industry. FNTA, founded in 2012 and based in New York City, has expertise in closing and insuring commercial real estate transactions across the U.S.
Key points:
- FNTA's commercial team, including President and CEO Steven Napolitano, will join FNF
- The acquisition aims to enhance FNF's ability to service commercial real estate clients
- FNTA's leadership team will continue to manage day-to-day operations under FNF ownership
- The move is expected to provide FNTA with resources to expand its business
F&G Annuities & Life (NYSE: FG) has priced a public offering of $500 million in 6.250% senior notes due 2034. The offering is expected to close on October 4, 2024, subject to customary conditions. The notes will be guaranteed by F&G's subsidiaries that are guarantors of its existing credit agreement.
F&G plans to use the net proceeds to repay borrowings under its revolving credit facility and for general corporate purposes, including supporting organic growth opportunities. The offering is being made through a SEC-registered prospectus, with Wells Fargo Securities, BofA Securities, J.P. Morgan Securities, and RBC Capital Markets acting as joint book-running managers.
F&G Annuities & Life, Inc (NYSE: FG) has announced a strategic collaboration with Accenture (NYSE: ACN) to enhance its technology platform capabilities using Accenture's Life Insurance and Annuity Platform (ALIP). This cloud modernization program aims to optimize and scale operations for future growth in F&G's retail annuity business. The ALIP platform, running on Microsoft Azure, will help F&G:
1. Improve customer, agent, and distributor experiences
2. Streamline new application processing
3. Automate tasks to enhance case manager productivity
4. Offer personalized services and faster response times
5. Provide greater transparency and support for its partner network
This collaboration positions F&G to gain operational efficiencies, expand distribution channels, and drive innovation in its annuity business.
Fidelity National Financial (NYSE: FNF) has announced that CEO Mike Nolan and CFO Tony Park will participate in a fireside chat at the Barclays Global Financial Services Conference on September 10, 2024, at approximately 12:00 pm Eastern Time. The event will be available via live audio webcast and replay on investor.fnf.com.
FNF is a leading provider of title insurance and transaction services to the real estate and mortgage industries. It's also a major provider of insurance solutions for retail annuity and life customers through its subsidiary F&G Annuities & Life (NYSE: FG). FNF is the largest title insurance company in the United States, operating through multiple underwriters that collectively issue more title insurance policies than any other company in the country.
F&G Annuities & Life (NYSE: FG) has announced that CEO Chris Blunt and CFO Wendy Young will participate in a fireside chat at the KBW Insurance Conference on September 5, 2024 at 2:20 p.m. Eastern Time. This event provides an opportunity for investors and analysts to gain insights into F&G's strategies and financial performance.
The fireside chat will be available live and for replay via audio webcast on the company's investor relations website, investors.fglife.com. This accessibility ensures that stakeholders who cannot attend the conference in person can still benefit from the discussion and stay informed about F&G's latest developments.
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