SEC Filings
8-K | |
HRG GROUP, INC. filed this Form 8-K on 08/09/2016 | |
Entire Document |
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7
Insurance Segment
Our reported Insurance
segment only reflects
the results of Front
Street, our reinsurance
business
Our discontinued
operation, Fidelity &
Guaranty Life, reported
very solid 3rd quarter
results
Insurance segment:
—At Front Street, net book value increased to more than $97 million
FGL business:
—Management team continues to maintain its focus on executing the business strategy
—Adjusted operating income at FGL nearly doubled as compared to 3Q15
—Average assets under management at FGL increased more than 5% to $18.9 billion
—FGL’s investment portfolio continues to perform very well, with across-the-board
increases:
—Average earned yield increased 28 basis points from 3Q15 to 5.01%
—Net investment income of $236 million, up 11% from 3Q15
—Net investment spreads across all product lines increased 47 basis points from
3Q15
—Average NAIC rating remains approximately 1.5
—FGL’s GAAP book value, excluding AOCI, increased nearly 7% to $1.48 billion from
3Q15
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