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Fidelity & Guaranty posts 2Q profit

DES MOINES, Iowa (AP) _ Fidelity & Guaranty Life (FGL) on Wednesday reported fiscal second-quarter earnings of $22 million.

On a per-share basis, the Des Moines, Iowa-based company said it had profit of 38 cents. Earnings, adjusted for non-recurring costs, were 62 cents per share.

The life insurance company posted revenue of $375 million in the period.

Fidelity & Guaranty shares have increased 18 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $28, a climb of 6 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FGL at https://www.zacks.com/ap/FGL


Keywords: Fidelity & Guaranty Life, Earnings Report