Fidelity & Guaranty Posts 1Q Profit

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.

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

Keywords: Fidelity & Guaranty Life, Earnings Report