F&G Annuities & Life, Inc. (NYSE:FG) Q1 2025 Earnings Conference Call May 8, 2025 9:00 AM ET
Company Participants
Lisa Foxworthy-Parker – SVP, Investor & External Relations
Christopher Blunt – Chief Executive Officer
Conor Murphy – Chief Financial Officer
Conference Call Participants
John Barnidge – Piper Sandler
Wesley Carmichael – Autonomous Research
Mark Hughes – Truist Securities
Operator
Good morning, and welcome to F&G’s First Quarter 2025 Earnings Call. [Operator Instructions] I’d now like to turn the call over to Lisa Foxworthy-Parker, Senior Vice President of Investor and External Relations. Thank you. You may begin.
Lisa Foxworthy-Parker
Thanks, operator, and welcome, everyone. I’m joined today by Chris Blunt, Chief Executive Officer; and Conor Murphy, Chief Financial Officer. Also, Wendy Young, Chief Liability Officer, will be available for Q&A.
Before we get started, I wanted to note that we have recast prior period financial results during the quarter. We have removed CLO redemption and bond prepay income from our significant items and have updated definitions for the cost of funds and flow reinsurance fee income within our ANE management view income statement.
Importantly, historical reported net earnings and adjusted net earnings, or ANE, have not changed. The recast financial results are available in our quarterly financial supplement and earnings release, as well as our Spring 2025 investor presentation.
Also, starting this quarter, we are presenting our financial results on an as-reported basis throughout our earnings materials. Therefore, these results, including ANE, ROA and ROE are no longer presented on an excluding significant items basis.
On Page 6 of our quarterly financial supplement, you can find a summary of the impacts to ANE from significant items and investment income from alternative investments.
Today’s earnings call may include forward-looking statements and projections under the Private Securities Litigation Reform Act which do not guarantee
Read the full article here