F&G Annuities & Life Q1 AUM at record on retirement product demand

F&G Annuities & Life

06/05/2026 21:39

Overview

U.S. insurance provider's Q1 adjusted net earnings rose yr/yr on higher assets under management

Q1 revenue rose to $2.25 bln, driven by strong demand for retirement savings products

Company returned $67 mln to shareholders and authorized new $100 mln share buyback program

Outlook

Company did not provide specific financial guidance for the current qtr or full yr

Result Drivers

RECORD ASSETS UNDER MANAGEMENT - Co said record AUM before reinsurance was driven by strong gross sales and continued demand for retirement savings products

CORE SALES GROWTH - Higher core retail sales, especially indexed annuities, indexed universal life and pension risk transfer, contributed to Q1 growth

EXPENSE MANAGEMENT - Adjusted net earnings benefited from asset growth, growing fees from reinsurance, steady distribution margin and disciplined expense management

Company press release: ID:nPnbNH5FKa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Sales
$2.25 bln
Q1 Adjusted EPS
Miss
$0.82
$1.007 (1 Analyst)
Q1 EPS
$1.78
Q1 Adjusted Net Income
$110 mln
Q1 Net Income
$244 mln


Analyst Coverage

The one available analyst rating on the shares is "hold"

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 is $27.00, about 8.2% below its May 5 closing price of $29.42

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 5 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)