F&G Annuities misses Q4 adjusted EPS expectations

Reuters02-20
F&G Annuities misses Q4 adjusted EPS expectations

Overview

  • Insurance provider's adjusted EPS for Q4 missed analyst expectations

  • Company announced strategic sale of Bermuda subsidiary

Outlook

  • Company plans to sell Bermuda subsidiary in Q1 2026

  • F&G focuses on fee-based, higher margin business model

Result Drivers

  • RECORD AUM - F&G achieved record assets under management of $73.1 bln, driven by strong sales in core products

  • INVESTMENT PORTFOLIO - 97% of fixed maturities in the portfolio are investment grade, with low credit-related impairments

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Adjusted EPS

Miss

$0.91

$1.20 (2 Analysts)

Q4 EPS

$0.92

Q4 Adjusted Net Income

Miss

$123 mln

$186 mln (2 Analysts)

Q4 Net Income

$124 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 $32.00, about 11.1% above its February 18 closing price of $28.79

  • The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nPn3QbMJHa

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(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.)

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