Fidelity & Guaranty Life today reported net income of $14.1 million, or 24 cents per common share for the first quarter of fiscal 2015 that ended Dec. 31, 2014. The Des Moines-based life insurance and annuity company reported adjusted operating income of $27.1 million, or 46 cents per share, for the first quarter, compared with adjusted operating income of $25 million or 51 cents per share, in the prior year period. Sales of fixed indexed annuities were $647.5 million in the current period, a 115 percent increase over the same period last year and a 42 percent increase sequentially. Indexed universal life sales increased 34 percent over the prior year and 20 percent sequentially. “We continue to see growth opportunities as we expand our product suite and increase fixed indexed annuity sales through our independent marketing organizations,” said Lee Launer, Fidelity & Guaranty’s CEO. See the full report