F&G Annuities & Life has announced significant leadership changes, with Chris Blunt retiring as chief executive officer on 30 June after seven years in the role. Blunt will continue as a director and CEO of subsidiary Peak Altitude Equity, focusing on exploring strategic alternatives for the distribution business. Conor Murphy, current president and chief financial officer, will assume the CEO role alongside his president duties. Murphy joined F&G in April 2025 and brings 38 years of insurance industry experience, including previous roles at Resolution Life US and Brighthouse Financial. Michael Bailey will join as CFO on 3 August, coming from Corebridge Financial where he served as retail chief financial officer. Mark Wiltse, F&G's chief accounting officer, will serve as interim CFO until Bailey's arrival.

F&G Annuities & Life reported first-quarter revenue of $1.19 billion, up 30.7% year-on-year, but adjusted earnings per share of $0.82 missed analyst expectations of $1.01 by 18.6%. The insurance company's market capitalisation stands at $3.71 billion. Management attributed the earnings shortfall to lower alternative investment income and one-time items, whilst highlighting strong asset growth and cost discipline. CEO Christopher Owsley Blunt emphasised the company's ability to adapt across products and channels to source attractive liabilities. Key analyst questions focused on earnings sustainability, asset allocation strategy amid tight credit spreads, and the strategic review of Peak Altitude. Management indicated that whilst core improvements are sustainable, alternative investment returns remain a key variable affecting future earnings.

Fidelity National Financial reported first quarter 2026 net earnings attributable to common shareholders of $243 million, or $0.90 per diluted share, compared with $83 million, or $0.30 per share, in the first quarter of 2025. Adjusted net earnings were $249 million, or $0.93 per share, up from $213 million, or $0.78 per share, year-over-year. The Title Segment contributed $197 million, compared with $158 million in the prior year quarter, achieving an industry-leading adjusted pre-tax title margin of 13.1%. The company's FG Segment reported record assets under management before reinsurance of $74.5 billion, an 11% increase year-over-year, with gross sales of $3.2 billion. FNF returned approximately $222 million to shareholders through dividends and share repurchases during the quarter.