Fidelity & Guaranty Posts 3Q Profit

DES MOINES, Iowa (AP) _ Fidelity & Guaranty Life (FGL) on Wednesday reported fiscal third-quarter earnings of $32 million.

On a per-share basis, the Des Moines, Iowa-based company said it had net income of 54 cents. Earnings, adjusted for non-recurring costs, were 63 cents per share.

The life insurance company posted revenue of $380 million in the period.

Fidelity & Guaranty shares have climbed 31 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $31.15, a climb of 40 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

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