F&G Annuities & Life Reports Q4 EPS of $0.91, Shares Fall 9.6%
F&G Annuities & Life reported Q4 adjusted EPS of $0.91, missing the $1.20 estimate by 24.4%, and book value per share of $33.49 versus the $47.05 consensus, triggering a 9.6% share drop. Board declared $0.25 common and $0.859375 preferred dividends payable in late March and mid-April.
1. Fourth-Quarter Earnings Miss
F&G Annuities & Life reported Q4 adjusted earnings per share of $0.91, falling 24.4% short of the $1.20 consensus, and posted book value per share of $33.49 versus $47.05 expected. Revenue grew 10.8% to $1.77 billion, but a 16.7 point pre-tax profit margin contraction led to a 9.6% intraday share decline.
2. Dividend Declaration
The Board approved a quarterly cash dividend of $0.25 per common share, payable March 31 to holders of record March 17, and a $0.859375 dividend on 6.875% Series A mandatory convertible preferred shares, payable April 15 to holders of record April 1, maintaining shareholder returns despite earnings weakness.