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Why F&G Annuities & Life (FG) Stock Is Falling Today
Shares of F&G Annuities & Life (NYSE:FG) fell 9.6% after the company reported weaker-than-expected fourth-quarter earnings and a significant drop in profitability. The company missed analyst expectations for adjusted EPS and book value per share, while its pre-tax profit margin also declined. Despite revenue beating estimates, investors focused on the weaker bottom-line figures, causing the stock to drop.