F&G Annuities & Life (FG) Company Overview

F&G Annuities & Life, Inc. has introduced a 7.30% Junior Subordinated Notes IPO that will mature in 2065, with a total issuance of $375 million and a BB credit rating. The company has a strong equity position to cover its debt and reasonable interest costs, indicating low risk for its lenders. While FGSN is reasonably priced compared to OTC debt, it is considered overpriced when compared to exchange-traded debt, as there are better alternatives with higher credit ratings available in the market.

On January 23, 2025, RITM, MATW, and FG were included in the Zacks Rank #1 (Strong Buy) list of income stocks.

DES MOINES, Iowa, Jan. 16, 2025 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) has announced that its subsidiary, Fidelity & Guaranty Life Holdings, Inc. (FGLH), will redeem all of its $300 million 5.50% Senior Notes on February 1, 2025. The redemption will be at a price of 100% of the principal amount, plus any interest that has accrued but not been paid up to the redemption date.

On December 19, 2024, FG, PLAB, and TTMI were included in the Zacks Rank #1 (Strong Buy) list of value stocks.

On December 19, 2024, WTBA, PINC, and FG were included in the Zacks Rank #1 (Strong Buy) list of income stocks.

F&G Annuities & Life, Inc. (FG) has received a Zacks Rank #1 (Strong Buy) upgrade, indicating increased confidence in the company's potential earnings. This could lead to a rise in the stock price soon.

F&G Annuities & Life, Inc. (NYSE:FG) will hold its Q3 2024 results conference call on November 7, 2024, at 9:00 AM ET. The call will feature company representatives, including Lisa Foxworthy-Parker, Chris Blunt, and Wendy Young, along with participants from various research firms. Please note that during the presentation, everyone will be in listen-only mode.

F&G Annuities & Life has performed well, increasing by 47% in the last year due to good interest rates and high demand for annuities. In the third quarter, their earnings exceeded expectations at $1.22 per share, up from $0.96 the previous year, thanks to growth in their balance sheet and better investment spreads. The company keeps a cautious approach with its products but is willing to take on more risk in its investment portfolio, focusing on less-liquid assets.

DES MOINES, Iowa, Nov. 6, 2024 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG), a major provider of insurance solutions for both retail and institutional clients, has announced its financial results for the third quarter ending September 30, 2024. The company reported a net loss of $10 million, or $0.08 per diluted share, in contrast to a net profit of $306 million, or $2.45 per share, for the same period in 2023.