Fidelity & Guaranty Life (FGL) Releases Earnings Results, Beats Expectations By $0.25 EPS

Fidelity & Guaranty Life (FGL) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.82 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.25. Analysts had a consensus of $0.57. The company posted revenue of $261.00 million in the period, compared to analysts expectations of $281.40 million. The company’s revenue was down -19.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Fidelity & Guaranty Life closed down -0.13 points or -0.59% at $21.86 with 2,51,869 shares getting traded on Friday. Post opening the session at $21.98, the shares hit an intraday low of $21.6 and an intraday high of $22.1 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 4, 2015, William P. Melchionni (director) sold 1,500 shares at $21.31 per share price.

Fidelity & Guaranty Life is a holding company. The Company offers various types of fixed annuities and life insurance products through its insurance subsidiaries: Fidelity & Guaranty Life Insurance Company (FGLIC) and Fidelity & Guaranty Life Insurance Company of New York (FGL NY Insurance). In addition the Company’s life insurance products provides its customers with a product that allows them to build on their savings and assign payment of a death benefit to a designated beneficiary upon the policyholder’s death. Its products are fixed indexed annuities (FIAs) which provide its customers with interest tied to the performance of the stock market. In addition to FIAs the Company also sells indexed universal life policies (IULs) and other fixed annuities. The Company offers its products through a network of approximately 200 independent insurance marketing organizations that in turn represent an estimated 20000 independent agents.

Fidelity & Guaranty Life

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