Fidelity & Guaranty Posts 4Q Profit

DES MOINES, Iowa (AP) _ Fidelity & Guaranty Life (FGL) on Wednesday reported fiscal fourth-quarter net income of $61 million.

The Des Moines, Iowa-based company said it had profit of $1.06 per share. Earnings, adjusted for non-recurring costs, came to $1.08 per share.

The life insurance company posted revenue of $435 million in the period.

For the year, the company reported profit of $223 million, or $3.83 per share. Revenue was reported as $1.53 billion.

Fidelity & Guaranty shares have increased 32 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $31.20, a climb of 31 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FGL at https://www.zacks.com/ap/FGL