F&G Annuities Q2 adjusted EPS falls

F&G Annuities & Life

05/08/2026 22:18

Overview
US annuities and life insurer's Q2 adjusted EPS fell yr/yr to $0.65
Assets under management before reinsurance rose 8% yr/yr to $74.7 bln
Company returned $128 mln to shareholders via dividends and share buybacks in Q2

Outlook
Company expects to grow assets under management and expand returns, citing favorable demographic trends
F&G sees opportunities to scale fee-based, higher margin and less capital intensive earnings streams
Company says it remains focused on disciplined capital allocation and navigating a dynamic market environment

Result Drivers
ALTERNATIVE INVESTMENT INCOME - Adjusted net earnings were reduced by investment income from alternative investments falling below management's long-term expected return
PRODUCT MARGIN AND FEES - Lower total product margin after the F&G Life Re (Bermuda) sale, reduced surrender charge fee income, and higher liability costs weighed on results
SALES MIX - Gross and net sales declined, with opportunistic sales dropping as the company prioritized pricing discipline and capital allocation

Company press release: ID:nPn2ntVgta

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
 
$0.65
$0.78 (2 Analysts)
Q2 Loss Per Share
 
$0.62
 
Q2 Adjusted Net Income
 
$85 mln
$107 mln (1 Analyst)
Q2 Net Loss
 
$81 mln
 

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 is $27.00, about 9% below its August 4 closing price of $29.67
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago

Reuters Recommended Reads
Aug 4 - Equitable Holdings Q2 adjusted EPS beats estimates as AUM rises
Aug 4 - Corebridge Q2 adjusted operating income falls 24% yr/yr
Aug 4 - Apollo debt deal fees and insurance earnings rise, asset sales drag

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.)