NYSE$FG
F&G Annuities & Life Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
F&G Annuities & Life reported second quarter results, marked by record sales and AUM growth.
F&G Annuities & Life reported a strong second quarter in 2024, with record gross sales of $4.4 billion, a 47% increase year-over-year, driven by record retail and robust institutional market sales. AUM reached a record $52.2 billion, up 13% from the prior year quarter. Adjusted net earnings were $139 million, or $1.10 per share, compared to $79 million, or $0.63 per share in the second quarter of 2023.
- Record gross sales of $4.4 billion, up 47% year-over-year, driven by record retail and robust institutional market sales.
- Record AUM of $52.2 billion, a 13% increase from the prior year quarter.
- Adjusted net earnings of $139 million, or $1.10 per share, compared to $79 million, or $0.63 per share in the second quarter of 2023.
- Adjusted return on assets expanded to 130 basis points, driven by investment margin, accretive flow reinsurance, and disciplined expense management.
Headline financials
Revenue & EPS history
F&G Annuities & Life · Revenue · Quarterly
$1.17B
Revenue by segment
F&G Annuities & Life · $1.36B total across 4 segments · Q2 2025
- Interest and investment income$682M—50.0%
- Life insurance premiums and other fees$608M—44.6%
- Recognized gains and (losses), net$51M—3.7%
- Owned distribution revenues$23M—1.7%
Forward guidance
The company is well on pace to achieve their Investor Day targets.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2024
-1.2%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+2.6%
Avg return
30 days after
42%
8 / 19 earnings
Positive
+18.3%
Q3 2022
Best reaction
-17.7%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | -8.2% | -5.4% | -5.6% | |
| Q4 2025 | -8.4% | -15.8% | -14.8% | |
| Q3 2025 | +2.5% | +11.4% | +12.9% | |
| Q1 2025 | -14.6% | -13.2% | -7.5% | |
| Q4 2024 | -8.7% | -4.8% | -21.2% | |
| Q3 2024 | +11.1% | +15.9% | +14.8% | |
| Q2 2024 | +0.4% | +0.2% | +8.9% | |
| Q1 2024 | -1.0% | -4.3% | -3.4% | |
| Q4 2023 | -10.7% | -11.0% | -11.5% | |
| Q3 2022 | +18.3% | +13.8% | +36.0% | |
| Q3 2023 | +15.3% | +16.8% | +40.5% | |
| Q2 2023 | -1.9% | +8.1% | -4.9% | |
| Q1 2022 | +0.1% | +4.5% | +33.1% | |
| Q1 2023 | -17.7% | -7.8% | +18.7% | |
| Q2 2022 | +5.2% | +4.1% | +14.7% | |
| Q2 2020 | -3.1% | -2.8% | -15.7% | |
| Q4 2020 | -3.1% | -2.8% | -15.7% | |
| Q4 2021 | -3.1% | -2.8% | -15.7% | |
| Q4 2022 | +4.2% | +2.1% | -14.1% | |
| Q3 2021 | — | — | — | |
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| Q4 2019 | — | — | — | |
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| Q4 2018 | — | — | — | |
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| Q2 2018 | — | — | — | |
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| Q4 2017 | — | — | — | |
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| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — |
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