F&G Annuities & Life, Inc. (NYSE:FG ) Q2 2025 Earnings Conference Call August 7, 2025 9:00 AM ET Company Participants Christopher Owsley Blunt - CEO & Director Conor Ernan Murphy - President & CFO Lisa Foxworthy-Parker - Senior Vice President of Investor & External Relations Conference Call Participants Anling Chen - Barclays Bank PLC, Research Division John Bakewell Barnidge - Piper Sandler & Co., Research Division Mark Douglas Hughes - Truist Securities, Inc., Research Division Operator Good morning, and welcome to F&G's Second Quarter 2025 Earnings Call. [Operator Instructions] I would now like to turn the call over to Lisa Foxworthy-Parker, SVP, Investor and External Relations.
F&G Annuities & Life, Inc. (FG) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $1.1 per share a year ago.
F&G Annuities & Life, Inc. (FG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
F&G shares have underperformed due to a surprise equity issuance and weak Q1 results, raising doubts about management's strategy and near-term earnings power. Q1 earnings missed expectations, with disappointing investment spreads, lower sales, and ongoing headwinds from reduced policy surrenders and alternative asset underperformance. Despite these setbacks, F&G maintains a conservative liability profile, high-quality investment portfolio, and a secure dividend, trading at a significant discount-to-book value.
F&G Annuities & Life, Inc. (NYSE:FG ) Q1 2025 Earnings Conference Call May 8, 2025 9:00 AM ET Company Participants Lisa Foxworthy-Parker - SVP, Investor & External Relations Christopher Blunt - Chief Executive Officer Conor Murphy - Chief Financial Officer Conference Call Participants John Barnidge - Piper Sandler Wesley Carmichael - Autonomous Research Mark Hughes - Truist Securities Operator Good morning, and welcome to F&G's First Quarter 2025 Earnings Call. [Operator Instructions] I'd now like to turn the call over to Lisa Foxworthy-Parker, Senior Vice President of Investor and External Relations.
F&G Annuities & Life, Inc. (FG) came out with quarterly earnings of $0.72 per share, missing the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $0.86 per share a year ago.
Shares of F&G Annuities & Life dropped 15% after a surprising secondary equity issuance, raising concerns about the timing and structure of the deal. The issuance priced shares at $33.60, below book value, creating a high hurdle for return on equity and potential dilution of long-term value. Despite strong organic growth and capital needs, the decision to issue equity at a low price is a questionable capital allocation decision.
F&G Annuities & Life, Inc. (NYSE:FG ) Q4 2024 Earnings Conference Call February 21, 2025 9:00 AM ET Company Participants Lisa Foxworthy-Parker - Senior Vice President, Investor & External Relations Chris Blunt - Chief Executive Officer Wendy Young - Chief Financial Officer Conference Call Participants John Barnidge - Piper Sandler Wesley Carmichael - Autonomous Research Alex Scott - Barclays Mark Hughes - Truist Securities Operator Good morning and welcome to F&G's Fourth Quarter and Full Year 2024 Earnings Call. During today's presentation, all callers will be placed in a listen-only mode and following management's prepared remarks, the conference will be open for questions with instructions to follow at that time.
F&G Annuities & Life, Inc. (FG) came out with quarterly earnings of $1.12 per share, missing the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $0.60 per share a year ago.
F&G Annuities & Life, Inc. launched a 7.30% Junior Subordinated Notes IPO, maturing in 2065, with a $375 million issuance and BB credit ratings. The company's solid equity coverage of debt and manageable interest expenses suggest no immediate risk for its creditors. FGSN is fairly priced compared to OTC debt but overvalued relative to exchange-traded debt; better options with higher credit quality exist in the sector.
RITM, MATW and FG made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 23, 2025.
FG, PLAB and TTMI made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 19, 2024.