F&G Annuities & Life Earnings: What To Look For From FG

FG Cover Image

Insurance solutions provider F&G Annuities & Life (NYSE: FG) will be reporting earnings this Thursday after market hours. Here’s what investors should know.

F&G Annuities & Life beat analysts’ revenue expectations by 20.8% last quarter, reporting revenues of $1.69 billion, up 17.3% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ net premiums earned estimates.

Is F&G Annuities & Life a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting F&G Annuities & Life’s revenue to decline 2.9% year on year to $1.55 billion, in line with the 3.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.20 per share.

F&G Annuities & Life Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. F&G Annuities & Life has missed Wall Street’s revenue estimates twice over the last two years.

Looking at F&G Annuities & Life’s peers in the life insurance segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Corebridge Financial delivered year-on-year revenue growth of 35.7%, beating analysts’ expectations by 47.3%, and Primerica reported revenues up 8%, topping estimates by 0.8%. Corebridge Financial’s stock price was unchanged after the resultswhile Primerica was down 1.3%.

Read our full analysis of Corebridge Financial’s results here and Primerica’s results here.

There has been positive sentiment among investors in the life insurance segment, with share prices up 2.9% on average over the last month. F&G Annuities & Life is up 6.1% during the same time and is heading into earnings with an average analyst price target of $32 (compared to the current share price of $28.57).

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