F&G Annuities & Life Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

In This Article:

F&G Annuities & Life (NYSE:FG) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$1.44b (up 69% from 3Q 2023).

  • Net loss: US$10.0m (down by 103% from US$306.0m profit in 3Q 2023).

  • US$0.081 loss per share (down from US$2.47 profit in 3Q 2023).

earnings-and-revenue-growth
NYSE:FG Earnings and Revenue Growth November 8th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

F&G Annuities & Life Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Insurance industry in the US are expected to grow by 5.3%.

Performance of the American Insurance industry.

The company's shares are up 12% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on F&G Annuities & Life's balance sheet health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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