Fidelity & Guaranity (FGL) Misses Q2 EPS by 10c
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Fidelity & Guaranty Life Reports Second Quarter Fiscal 2015 Results
May 6, 2015 4:15 PM EDTDES MOINES, Iowa, May 6, 2015 /PRNewswire/ -- Fidelity & Guaranty Life (NYSE: FGL), a leading provider of annuities and life insurance, today reported a net loss of $12 million or $0.21 per diluted common share for the second quarter of fiscal 2015 ended on March 31, 2015(1) including after-tax credit impairment losses of $33 million. Approximately $32 million of the after-tax credit impairment losses relate to a decline in fair value of holdings related to RadioShack Corporation ("RadioShack"). The Company reported adjusted operating income of $23 million, or $0.40 per diluted share, compared to adjusted operating income of $48 million or $0.82 per... More
