MarketPR
Middle Coast Investing, an investment advisory firm, identified F&G Annuities & Life, Inc.
(NYSE: FG) in its second-quarter 2026 investor letter as a company whose pre-announced third-quarter results fell below expectations.
The firm described the earnings as "meh or worse than meh," citing underperformance in the insurer's alternative investments relative to management expectations.
In the letter, Middle Coast Investing noted that F&G Annuities & Life, a US-based financial services and insurance company, has a balance sheet with substantial holdings in alternatives that are returning poorly.
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