F&G Life Net Income Soars On Life And Annuity Sales

April 12, 2017 by Cyril Tuohy

Fidelity & Guaranty Life first quarter fiscal year net income soared 125 percent to $108 million on the strength of life and annuity sales and investment income.

The company said it had profit of $1.85 per share. Earnings, adjusted for non-recurring gains, came to 70 cents per share.

“We’ve delivered another strong quarter and fiscal 2017 is off to a good start with solid increases in sales, net income, net investment income, adjusted operating income and assets under management,” Chris Littlefield, president and CEO of Fidelity & Guaranty Life, said in a news release.

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Originally Posted at InsuranceNewsNet on April 11, 2017 by Cyril Tuohy.