F&G Annuities & Life NYSE: FG reported second-quarter adjusted net earnings of $85 million, or $0.65 per share, as lower alternative-investment returns and the impact of a reinsurance transaction weighed on results. Management said the quarter was largely in line with expectations and highlighted growth in assets under management, strong core retail sales and continued efforts to shift toward more fee-based, higher-margin and less capital-intensive businesses.
F&G Annuities & Life, Inc. (FG) Q2 2026 Earnings Call Transcript
F&G Annuities & Life remains deeply undervalued, trading well below book value despite manageable private credit and alternative investment risks. FG's investment portfolio is conservatively structured, with 97% investment-grade fixed income and limited software sector exposure, supporting downside protection. Strategic alternatives for the Peak unit and a shift toward fee-based earnings could unlock additional value and diversify revenue streams.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| DI David Izzi Brown, LISLE/CUMMINGS Inc. | 4 | $101.5 | $114.28 | $12.78 | 12.59% |
Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 20 | $617 | $571.4 | -$45.6 | -7.39% |
Curtis Ellergodt Rothschild Investment LLC | 142 | $4,380.86 | $4,213.14 | -$167.72 | -3.83% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 9,094 | $241,810 | $251,630.98 | $9,820.98 | 4.06% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 136 | $3,697.9 | $3,646.16 | -$51.74 | -1.4% |
| Insurance Industry | Financials Sector | Conor Murphy CEO | NYSE Exchange | 30190A104 CUSIP |
| US Country | 1,173 Employees | 16 Sep 2026 Last Dividend | - Last Split | - IPO Date |
F&G Annuities & Life, Inc., established in 1959, has been committed to providing its customers in the United States with robust financial solutions tailored to their needs. Headquartered in Des Moines, Iowa, the company has carved a niche for itself in the insurance and annuity industry, presenting a broad spectrum of products aimed at both individuals and institutional clients. With its backing by Fidelity National Financial, Inc., F&G Annuities & Life, Inc. leverages its parent company's strength to reinforce its commitment towards offering reliable and effective financial products.
F&G Annuities & Life, Inc. offers a comprehensive range of financial products designed to secure the financial futures of its customers. Each product caters to different financial goals and risk appetites, ensuring that there's a solution for every need.