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. (NYSE: FG) is a direct life insurance carrier headquartered in Des Moines, Iowa, and a majority-owned subsidiary of Fidelity National Financial, Inc. Public communications describe F&G as a provider of insurance solutions for retail annuity and life customers and institutional clients, with products that include fixed indexed annuities, multi-year guarantee annuities, immediate annuities, indexed universal life insurance, funding agreements, and pension risk transfer solutions.
The FG news feed highlights company announcements that matter to investors and market watchers, such as quarterly and year-to-date financial results, changes to common and preferred stock dividends, and updates on capital management. Recent releases have covered record assets under management before flow reinsurance, gross and net sales performance, adjusted net earnings, and details about the company’s investment portfolio and credit experience.
News items also track F&G’s relationship with its majority shareholder, Fidelity National Financial. These include announcements of a special stock distribution of F&G common stock by FNF to its shareholders and subsequent updates on the final distribution ratio and mechanics of that transaction. Such developments can affect F&G’s public float and ownership profile, making them relevant for FG stock research.
In addition, F&G regularly announces earnings release dates, conference calls, and participation by senior executives in financial services and insurance conferences. These events provide forums where management discusses strategy, performance metrics, reinsurance structures, and progress toward previously stated targets. Investors and analysts can use the news stream to follow how F&G reports on its annuity and life insurance business, institutional solutions, capital structure, and ongoing interactions with the broader financial community.
Fidelity National Financial (FNF) reported strong Q2 2024 results, with net earnings of $306 million ($1.12 per share) and adjusted net earnings of $338 million ($1.24 per share). The Title Segment contributed $241 million, while the F&G Segment added $122 million. Key highlights include:
- Title Segment revenue of $1.9 billion, with an adjusted pre-tax title margin of 16.2%
- F&G Segment achieved record gross sales of $4.4 billion, a 47% increase year-over-year
- F&G reached record assets under management of $52.2 billion
- FNF paid common dividends of $0.48 per share, totaling $131 million
The company's performance demonstrates successful adaptation to current market conditions, with strong demand for F&G's products and continued strength in the Title business.
F&G Annuities & Life (NYSE: FG) reported strong Q2 2024 results, with net earnings of $198 million ($1.55 per share) and adjusted net earnings of $139 million ($1.10 per share). The company achieved record gross sales of $4.4 billion, a 47% increase year-over-year, driven by strong retail and institutional sales. Assets under management reached $52.2 billion, up 13% from Q2 2023. F&G's performance was bolstered by strong demand for its products, investment performance, and disciplined expense management. The company returned $32 million to shareholders through dividends and remains on track to meet its Investor Day targets.
Fidelity National Financial (NYSE: FNF) has announced a new three-year stock repurchase program approved by its Board of Directors. The program, effective July 31, 2024, allows FNF to repurchase up to 25 million shares of its common stock through July 31, 2027. Purchases can be made in the open market at prevailing prices or through privately negotiated transactions.
This new program follows the expiration of FNF's previous three-year repurchase program on July 31, 2024, under which the company repurchased 16.4 million shares. FNF is a leading provider of title insurance and transaction services to the real estate and mortgage industries, as well as insurance solutions for retail annuity and life customers through its majority-owned subsidiary, F&G Annuities & Life, Inc. (NYSE: FG).
Fidelity National Financial (NYSE: FNF) has announced a quarterly cash dividend of $0.48 per share of common stock. The dividend will be payable on September 30, 2024, to stockholders of record as of September 16, 2024. 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 majority-owned subsidiary, F&G Annuities & Life, Inc. (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 quarterly dividend payments for both its common and preferred stockholders. The Board of Directors declared a $0.21 per share dividend on common stock, payable on September 30, 2024, to shareholders of record as of September 16, 2024. Additionally, a $0.859375 per share dividend was declared on the 6.875% Series A Mandatory Convertible Preferred Stock, to be paid on October 15, 2024, to holders of record as of October 1, 2024. F&G, headquartered in Des Moines, Iowa, is a leading provider of insurance solutions for retail annuity and life customers as well as institutional clients.
Fidelity National Financial (NYSE: FNF), a leading provider of title insurance and transaction services, has announced its second quarter 2024 earnings release and conference call schedule. The earnings will be released after market close on Monday, August 5, 2024, followed by a webcast and conference call at 11:00 a.m. Eastern Time on Tuesday, August 6, 2024. Investors can access the webcast through FNF's Investor Relations website or join the conference call by dialing 1-877-407-0784 (USA) or 1-201-689-8560 (International). A replay will be available via webcast and telephone until August 13, 2024. FNF is the nation's largest title insurance company and also provides insurance solutions through its majority-owned subsidiary F&G Annuities & Life, Inc. (NYSE: FG).
F&G Annuities & Life (NYSE: FG), a leading provider of insurance solutions, has announced its second quarter 2024 earnings release schedule. The company will release its earnings after market close on Monday, August 5, 2024, followed by a webcast and conference call at 9:00 a.m. Eastern Time on Tuesday, August 6, 2024. Investors can access the webcast through F&G's Investor Relations website or join the conference call by dialing 1-877-300-8521 (USA) or 1-412-317-6026 (International). A replay will be available via webcast and telephone until August 13, 2024. F&G, headquartered in Des Moines, Iowa, serves retail annuity and life customers as well as institutional clients.
F&G's Retirement Reconsidered 2024 survey reveals significant shifts in retirement plans among Americans over 50. 51% of pre-retirees and retirees are considering delaying or coming out of retirement, with 68% of pre-retirees contemplating postponement. Gen X shows particular concern, with 71% reconsidering their retirement timeline.
Inflation remains a primary driver, cited by 49% of those delaying retirement and 44% of potential un-retirees. However, non-financial factors also play a role, with many valuing the intellectual stimulation of work. The survey highlights a generational divide, with Gen X expressing heightened anxiety about financial security in retirement.
Interestingly, while 71% seek advice before making retirement decisions, only 16% consult financial advisors, preferring to discuss with family and friends. F&G emphasizes the importance of proactive financial planning and considering products like fixed indexed annuities to address retirement concerns.
Fidelity National Financial (NYSE: FNF) published its 2023 Sustainability Report, highlighting significant advancements in its sustainability initiatives. CEO Mike Nolan emphasized the company's ongoing commitment to fostering long-term growth through a comprehensive ESG strategy. Key achievements include a 24% reduction in GHG emissions and a 63% decline in corporate waste at the Jacksonville headquarters compared to 2019. Socially, 42% of FNF's leadership team and 70% of its U.S. workforce are female, and the company supported over 900 community organizations in 2023. Governance highlights include robust ESG oversight at the board level, with a diverse and predominantly independent board of directors. The full report is accessible on FNF's website.
F&G Annuities & Life (NYSE: FG) has announced the early results of its cash tender offer for up to $250 million of its subsidiary FGLH's 5.50% Senior Notes due 2025. As of June 3, 2024, $365.3 million worth of notes were validly tendered, exceeding the maximum amount set for purchase. Consequently, no further notes will be accepted after the early participation date. The accepted notes will be prorated at 68.5%, with each $1,000 principal amount earning $1,000, including an early tender payment. Settlement for accepted notes will occur on June 5, 2024.