F&G Annuities Reports Q3 2026 Results with Record Core Retail Sales Amid Lower Investment Returns
F&G Annuities reported third-quarter 2026 adjusted net earnings of $96 million ($0.74 per share), a decrease from the $165 million recorded in the prior year's quarter. The decline was primarily driven by lower returns on alternative investments and the financial impact of the F&G Life Re sale. Despite the earnings dip, the company achieved record-breaking performance in its core retail sales segment, which reached $2.1 billion, a 24% increase year-over-year. Total assets under management before reinsurance rose to $76.2 billion, up 7% from the previous year. While alternative investment returns fell to an annualized 5%, management noted that fixed income yields improved to 4.98%. The company continues to focus on operational efficiency, reducing its operating expense ratio to 46 basis points as it moves toward a long-term target of 45 basis points.
Topics: alternative investments assets under management earnings report net earnings
Read the full article at Motley Fool
Part of the story F&G Annuities Reports Q3 2026 Results with Record Core Retail Sales Amid Lower Investment Returns (7 articles)