F&G Annuities & Life Exceeds Revenue Forecasts in Q4 2025
F&G Annuities & Life, a prominent player in the insurance solutions market, exceeded revenue forecasts in the fourth quarter of 2025 with a 10.8% increase in year-on-year sales, reaching $1.77 billion. Despite this strong financial performance, the company’s non-GAAP earnings of $0.91 per share fell significantly short of consensus projections, marking a 24.4% decline.
The firm's net premiums earned were recorded at $987 million, surpassing analyst expectations of $705 million. This performance represents a 26.6% year-on-year decline, yet exceeded forecasts by 40%. The company reported a pre-tax profit of $161 million, reflecting a 9.1% margin. However, the adjusted earnings per share missed analysts' estimates, coming in at $0.91 per share against an anticipated $1.20. In contrast, the book value per share (BVPS) increased by 7.5% year-on-year to $33.49, although it fell short of expectations by 28.8%.
Chris Blunt, CEO of F&G Annuities & Life, emphasized the strong company performance, with assets under management reaching a record $73 billion, driven by $14.6 billion in gross sales for the company during 2025. Of these, $9 billion stemmed from core products, including indexed annuities, indexed universal life, and pension risk transfer solutions. Blunt also highlighted the robustness of the firm's diverse investment portfolio and managed credit-related impairments effectively.
Since its founding in 1959, F&G Annuities & Life has catered to approximately 677,000 policyholders, providing essential financial protection through fixed annuities, life insurance, and pension risk transfers. The company has experienced a 9.7% compounded annual growth rate in revenue over the past four years, underscoring its competitive position in the insurance market.
In the most recent quarter, the firm’s revenue growth of 10.8% year-on-year surpassed analyst predictions. A significant portion of its revenue stems from the net premiums earned, illustrating a strategic balance between its insurance services and other business ventures. The firm's BVPS, a crucial metric for assessing insurance enterprises, grew by 16.8% annually over the past two years, with consensus estimates forecasting a formidable 54.9% growth in the upcoming year.
While F&G Annuities & Life exceeded expectations in net premiums earned and overall revenue, it fell below Wall Street projections in EPS and BVPS. Despite these mixed results, the company's stock price held steady at $27.69. For in-depth analysis and investment evaluation, a detailed research report on F&G Annuities & Life’s financial outlook is accessible.