Investors await F&G’s Q1 results following a 12% drop in Q4 net income amid higher claims and expenses.
F&G Annuity and Life will release first-quarter earnings after a disappointing Q4. The insurer reported a 12% year-over-year decline in net income, driven by increased claims and operating expenses.
In Q4, F&G’s net income fell to $187 million from $212 million a year earlier. Analysts had expected a smaller drop, with consensus estimates near $200 million. The company cited higher mortality claims and elevated costs as key pressures.
Shares of F&G (FG) have underperformed peers this year, declining 8% compared to a 3% gain in the S&P 500 Insurance Index. The Q1 report may signal whether the insurer can reverse its recent trend.