DES MOINES, Iowa (AP) _ Fidelity & Guaranty Life (FGL) on Monday reported fiscal first-quarter net income of $108 million.
On a per-share basis, the Des Moines, Iowa-based company said it had profit of $1.85. Earnings, adjusted for non-recurring gains, came to 70 cents per share.
The life insurance company posted revenue of $340 million in the period.
Fidelity & Guaranty shares have risen 1.5 percent since the beginning of the year. The stock has declined 5 percent in the last 12 months.
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