F&G Annuities & Life Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
F&G Annuities & Life (NYSE:FG) Full Year 2023 Results
Key Financial Results
Revenue: US$4.50b (up 90% from FY 2022).
Net loss: US$58.0m (down by 112% from US$481.0m profit in FY 2022).
US$0.47 loss per share (down from US$4.18 profit in FY 2022).
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 4.1%. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Insurance industry in the US.
Performance of the American Insurance industry.
The company's shares are down 11% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for F&G Annuities & Life that you need to take into consideration.
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