F&G Annuities & Life, Inc. (NYSE:FG) Q3 2024 Results Conference Call November 7, 2024 9:00 AM ET
Company Participants
Lisa Foxworthy-Parker - Senior Vice President, Investor & External Relations
Chris Blunt - Chief Executive Officer
Wendy Young - Chief Financial Officer
Conference Call Participants
John Barnidge - Piper Sandler
Wesley Carmichael - Autonomous Research
Maxwell Fritscher - Truist
Operator
Good morning, ladies and gentlemen, and welcome to the F&G's third quarter earnings call. During the presentation, all parties will be in listen-only mode. Following the presentation, the conference will be open for questions. [Operator Instructions] As a reminder, this conference call is being recorded.
I would now like to turn the conference over to Lisa Foxworthy-Parker, Senior Vice President, Investor and External Relations. Please go ahead.
Lisa Foxworthy-Parker
Great. Thanks, operator, and welcome, everyone. Joining me today are Chris Blunt, Chief Executive Officer; and Wendy Young, Chief Financial Officer. We look forward to addressing your questions following our prepared remarks.
Today's earnings call may include forward-looking statements and projections under the Private Securities Litigation Reform Act, which do not guarantee future events or performance. We do not undertake any duty to revise or update such statements to reflect new information, subsequent events or changes in strategy. Please refer to our most recent SEC filings for a discussion of the factors that could cause actual results to differ materially from those expressed or implied.
This morning's discussion also includes non-GAAP financial measures that we believe may be meaningful to investors. Non-GAAP measures have been reconciled to GAAP where required in accordance with SEC rules within our earnings release, financial supplement and investor presentation, all of which are available on the company's website. Today's call is being recorded and will be available for webcast replay on our website following the call.
And now I'll turn the call over to our CEO, Chris Blunt.
Chris Blunt
Good morning, everyone. Thanks for joining us to discuss our third quarter results. I want to begin by thanking our employees for their hard work and dedication that has fueled the incredible growth of our business. We have reported another terrific quarter and continue to build on our proven track record.
Starting with sales. We delivered strong gross sales of $3.9 billion in the third quarter, up 39% over the prior year quarter, and $11.8 billion year-to-date, up 30% over the first 9 months of 2023. Retail sales from our agency bank and broker-dealer channels were a record $3.5 billion in the third quarter, nearly double the prior year quarter, bringing year-to-date retail sales to $9.5 billion.