Insurance solutions provider F&G Annuities & Life (NYSE: FG) will be reporting results this Wednesday after the bell. Here’s what investors should know.
F&G Annuities & Life beat analysts’ revenue expectations last quarter, reporting revenues of $1.77 billion, up 13.2% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and a significant miss of analysts’ book value per share estimates.
Is F&G Annuities & Life a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. F&G Annuities & Life has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at F&G Annuities & Life’s peers in the life insurance segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Equitable Holdings delivered year-on-year revenue growth of 11.8%, beating analysts’ expectations by 8.6%, and Unum Group reported revenues up 1.9%, topping estimates by 8.9%. Unum Group traded up 4.5% following the results.
Read our full analysis of Equitable Holdings’s results here and Unum Group’s results here.
Investors in the life insurance segment have had steady hands going into earnings, with share prices up 1.9% on average over the last month. F&G Annuities & Life is up 7.8% during the same time and is heading into earnings with an average analyst price target of $27 (compared to the current share price of $28.35).
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