F&G Annuities & Life Reports 16.4% Revenue Growth in Q2 2025

F&G Annuities & Life, Inc. reported its financial results for the second quarter of 2025, revealing total revenues of $1.364 billion, a 16.4% increase from $1.172 billion in the same period last year. The company's net earnings attributable to common shareholders were $35 million, or $0.26 per share, down from $198 million, or $1.60 per share, in the prior year. For the first half of 2025, total revenues decreased to $2.272 billion from $2.741 billion, with net earnings attributable to common shareholders at $10 million compared to $309 million in the first half of 2024.

The company experienced significant changes in its financial performance, particularly in life insurance premiums and other fees, which rose to $608 million from $487 million year-over-year. Interest and investment income remained stable at $682 million, slightly down from $684 million in the previous year. However, recognized gains and losses turned positive at $51 million, a recovery from a loss of $17 million in the same quarter last year. The increase in revenues was attributed to higher life insurance premiums and a favorable market environment, while the decline in net earnings was primarily due to lower investment income and higher policyholder benefits.

Strategically, F&G has made notable advancements, including the acquisition of a 70% stake in Roar Joint Venture, LLC, which contributed $21 million in revenues for the quarter. Additionally, the company completed a public offering of 8 million shares of common stock, raising $269 million to support organic growth opportunities. The company also announced a transition in executive management, with Conor Murphy taking over as President, while John Currier moves to a senior advisory role.

Operationally, F&G reported a total of 134.6 million shares of common stock outstanding as of July 31, 2025. The company’s total assets increased to $91.816 billion from $84.931 billion at the end of 2024, driven by growth in investments and cash equivalents. The company’s contractholder funds also rose to $59.813 billion, reflecting increased customer deposits and a favorable interest rate environment. The company continues to focus on enhancing its product offerings and expanding its market share, particularly in the indexed annuity and life insurance sectors.

Looking ahead, F&G anticipates continued growth in its indexed annuity and life insurance products, driven by the aging U.S. population and increasing demand for retirement savings solutions. However, the company remains cautious about potential market volatility and regulatory changes that could impact its operations. The management emphasized its commitment to maintaining pricing discipline and capital allocation to maximize returns while navigating the evolving economic landscape.