FG · F&G Annuities & Life
AI read · Good for FG
The AI's read
The growth suggests steady customer demand, even as industry fixed-annuity sales contracted. F&G is also shifting toward fee-based services that may need less capital, but that shift is still underway. Lower returns on alternative investments and the F&G Life resale affected adjusted profit. The company said results were largely in line with its expectations, which tempers the positive reading. Strong sales and asset growth still make the business update favorable.