F&G posts record 2024 sales; full-year net earnings rise to $622 million
F&G Annuities & Life reported fourth-quarter and full-year 2024 results that showed higher earnings than a year earlier. Full-year net earnings attributable to common shareholders were $622 million, or $4.88 per diluted share, compared with a net loss of $58 million in 2023, and full-year adjusted net earnings rose to $546 million, or $4.30 per share, from $335 million. Fourth-quarter gross sales fell 15% from the prior year, but full-year gross sales rose 16% to a record $15.3 billion.
Key points
- Q4 2024 net earnings were $323 million, or $2.50 per diluted share, versus a net loss of $299 million in Q4 2023.
- Q4 2024 adjusted net earnings were $143 million, or $1.12 per share, up from $75 million, or $0.60 per share.
- Assets under management reached a record $53.8 billion at December 31, 2024, up 10% from $49.1 billion a year earlier.
- Book value per common share excluding AOCI was $44.28 at December 31, 2024, up from $40.42.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 20, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.