Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>In the second quarter of 2025, F&G Annuities & Life delivered a robust financial performance marked by record assets under management (AUM) and significant sales achievements.</li><li>The company reported record AUM before reinsurance of $69.2 billion, reflecting a 13% increase from the previous year.</li><li>This growth was fueled by strong sales across their core offerings, including fixed index annuities (FIAs), indexed life insurance, and pension risk transfers.</li></ul>

In the second quarter of 2025, F&G Annuities & Life delivered a robust financial performance marked by record assets under management (AUM) and significant sales achievements.The company reported record AUM before reinsurance of $69.2 billion, reflecting a 13% increase from the previous year.This growth was fueled by strong sales across their core offerings, including fixed index annuities (FIAs), indexed life insurance, and pension risk transfers.

F&G Annuities & Life Unveils $1 Billion Reinsurance Sidecar to Catapult Its Growth; What Lies Ahead?

<ul><li>Fidelity & Guaranty Life (F&G) has reported a robust performance for the fourth quarter and full year of 2024.</li><li>The company achieved record gross sales of $15.3 billion, marking a 16% increase from the previous year, driven by strong demand across its individual annuity and life solutions segments.</li><li>Retail channel sales reached a record $12 billion, a 20% gain, highlighting the significant traction in its Fixed Index Annuity (FIA), Multi-Year Guaranteed Annuity (MYGA), and Indexed Universal Life (IUL) products.</li></ul>

Fidelity & Guaranty Life (F&G) has reported a robust performance for the fourth quarter and full year of 2024.The company achieved record gross sales of $15.3 billion, marking a 16% increase from the previous year, driven by strong demand across its individual annuity and life solutions segments.Retail channel sales reached a record $12 billion, a 20% gain, highlighting the significant traction in its Fixed Index Annuity (FIA), Multi-Year Guaranteed Annuity (MYGA), and Indexed Universal Life (IUL) products.

F&G Annuities Life: Is Their Expansion in Reinsurance and Offshore Operations  A Game Changer In The Making?

<ul><li>Fidelity & Guaranty Life (F&G) delivered strong financial performance in the third quarter, bolstered by increased sales and solid asset growth.</li><li>The company reported gross sales of $3.9 billion, marking a 39% increase compared to the same period last year, and year-to-date sales of $11.8 billion, up 30% from the previous year.</li><li>Retail sales through bank and broker-dealer channels nearly doubled to a record $3.5 billion, driven by favorable market conditions and high demand for retirement savings products that offer relatively higher rates and guaranteed growth.</li></ul>

Fidelity & Guaranty Life (F&G) delivered strong financial performance in the third quarter, bolstered by increased sales and solid asset growth.The company reported gross sales of $3.9 billion, marking a 39% increase compared to the same period last year, and year-to-date sales of $11.8 billion, up 30% from the previous year.Retail sales through bank and broker-dealer channels nearly doubled to a record $3.5 billion, driven by favorable market conditions and high demand for retirement savings products that offer relatively higher rates and guaranteed growth.

F&G Annuities & Life Inc.: Retail Distribution & New Product Lines As A Primary Growth Accelerator! - Major Drivers

<ul><li>F&G's latest quarterly results showcase a robust performance with significant growth across various metrics.</li><li>The company, under the leadership of CEO Christopher Blunt and CFO Wendy Young, has effectively implemented strategies that are yielding fruitful results, aligning with the targets set out during the Investor Day in October 2023.</li><li>Starting with asset growth, F&G reported a substantial increase in assets under management (AUM), which stood at $61.4 billion, marking a 21% increase year-over-year.</li></ul>

F&G's latest quarterly results showcase a robust performance with significant growth across various metrics.The company, under the leadership of CEO Christopher Blunt and CFO Wendy Young, has effectively implemented strategies that are yielding fruitful results, aligning with the targets set out during the Investor Day in October 2023.Starting with asset growth, F&G reported a substantial increase in assets under management (AUM), which stood at $61.4 billion, marking a 21% increase year-over-year.

F&G Annuities & Life: Expanding Product Portfolio and Market Penetration! - Major Drivers

<ul><li>F&G started the year with robust first-quarter results, demonstrating a strategic focus on growth and maintaining a balanced capital management process while transitioning into more capital-light strategies.</li><li>The company reported gross sales of $3.5 billion, marking its second-highest gross sales performance on record, which was a 6% increase from the previous year.</li><li>This performance was driven by sustainable momentum across their multi channel new business platform and strong demand in a volatile and higher interest rate environment.</li></ul>

F&G started the year with robust first-quarter results, demonstrating a strategic focus on growth and maintaining a balanced capital management process while transitioning into more capital-light strategies.The company reported gross sales of $3.5 billion, marking its second-highest gross sales performance on record, which was a 6% increase from the previous year.This performance was driven by sustainable momentum across their multi channel new business platform and strong demand in a volatile and higher interest rate environment.

F&G Annuities & Life Inc.: Initiation of Coverage - Expansion of Product Portfolio and Penetration into New Demographics! - Major Drivers

United States

F&G Annuities & Life, Inc. operates as an insurance company. The Company offers life insurance and annuity solutions, as well as title insurance and settlement services. F&G Annuities & Life serves customers in the United States.

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F&G Annuities & Life (FG US)

F&G Annuities & Life Unveils $1 Billion Reinsurance Sidecar to Catapult Its Growth; What Lies Ahead?

In the second quarter of 2025, F&G Annuities & Life delivered a robust financial performance marked by record assets under management...

Baptista Research

F&G Annuities Life: Is Their Expansion in Reinsurance and Offshore Operations A Game Changer In The Making?

Fidelity & Guaranty Life (F&G) has reported a robust performance for the fourth quarter and full year of 2024. The company achieved record...

Baptista Research

F&G Annuities & Life Inc.: Retail Distribution & New Product Lines As A Primary Growth Accelerator! - Major Drivers

Fidelity & Guaranty Life (F&G) delivered strong financial performance in the third quarter, bolstered by increased sales and solid asset...

Baptista Research

F&G Annuities & Life: Expanding Product Portfolio and Market Penetration! - Major Drivers

F&G's latest quarterly results showcase a robust performance with significant growth across various metrics. The company, under the leadership...

Baptista Research

F&G Annuities & Life Inc.: Initiation of Coverage - Expansion of Product Portfolio and Penetration into New Demographics! - Major Drivers

F&G started the year with robust first-quarter results, demonstrating a strategic focus on growth and maintaining a balanced capital...

Baptista Research

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