F&G Annuities & Life, Inc. FG R2K

Financial Services · Insurance - Life · United States

https://www.fglife.com

F&G Annuities & Life, Inc., together with its subsidiaries, provides annuity and life insurance products in the United States. It offers fixed indexed annuities registered index-linked annuities, pension risk transfer and indexed universal life, and multi-year guarantee annuities; immediate annuities; indexed universal life insurance; pension risk transfer solutions; and institutional funding agreements. The company distributes its products through independent agents, banks, and broker-dealers to retail annuity and life customers, as well as institutional clients. The company was founded in 1959 and is headquartered in Des Moines, Iowa. F&G Annuities & Life, Inc. operates as a subsidiary of Fidelity National Financial, Inc.

Market & Price

Market Cap

$3.67B

Current Price

$27.72

High / Low (52W)

$34.62 / $20.46

Beta

1.34

Valuation

Stock P/E

7.18

Industry PE

12.01

Forward P/E

5.38

PEG Ratio

Book Value

$34.53

Price to Book

0.80

P/S

0.61

EV/EBITDA

3.97

Dividend Yield

3.61%

Profitability & Returns

ROCE

ROE

11.72%

ROA

0.55%

Profit Margin

8.88%

Op Margin

30.67%

EPS (Latest Qtr)

$1.78

EPS (TTM)

$3.86

Balance Sheet & Liquidity

Debt/Equity

0.48

Quick Ratio

0.10

Current Ratio

0.97

Debt

$2.26B

Total Assets

$98.43B

Current Assets

Working Capital

Ownership

Promoter Holding

2.69%

Chg in Prom Hold

FII / Inst Holding

94.90%

Chg in FII Hold

-0.00%

Financial Snapshot

Enterprise Value

$3.68B

Total Revenue (TTM)

$6.01B

EBITDA

$927.00M

Free Cash Flow

$1.16B

Operating Cash Flow

$4.47B

Shares Outstanding

132.48M

Gross Margin

34.72%

Payout Ratio

24.35%

Growth (CAGR)

Revenue 5Y

34.35%

Profit 5Y

-25.27%

Revenue (YoY)

30.70%

Earnings (YoY)

PROS

Compounding revenue at 34.3% over 5 years.
Attractive dividend yield of 3.61%.
Generates positive free cash flow.

CONS

Earnings shrank at -25.3% CAGR over 5 years.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	FG F&G Annuities & Life, Inc. R2K	27.72	7.18	$3.67B	3.61%	-	11.72%	34.35%	-25.27%
2	JPM JPMorgan Chase & Co. SPX	299.31	14.33	$802.00B	2.00%	-	16.47%	12.50%	14.83%
3	V Visa Inc. SPX	326.36	28.48	$620.65B	0.82%	38.38%	60.35%	10.92%	10.28%
4	MA Mastercard Incorporated SPX	493.98	28.57	$436.47B	0.70%	61.47%	-	13.82%	14.66%
5	MS Morgan Stanley SPX	208.00	18.84	$328.08B	1.92%	-	16.39%	9.52%	15.20%
6	GS The Goldman Sachs Group, Inc. SPX	1,025.56	18.73	$302.55B	1.76%	-	14.55%	7.16%	15.11%
7	WFC Wells Fargo & Company SPX	77.54	11.98	$237.29B	2.32%	-	12.03%	4.02%	15.98%
8	BLK BlackRock, Inc. SPX	1,046.88	26.32	$162.51B	2.19%	4.89%	11.90%	10.65%	2.36%
9	SCHW The Charles Schwab Corporation SPX	87.35	17.37	$151.91B	1.47%	-	19.08%	4.83%	7.21%

Quarterly Results

Figures in USD.

Metric	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	750.00M	70.00M	902.00M	869.00M	1.17B	851.00M	1.57B	1.17B	1.44B	-	854.00M	1.30B	1.60B	1.67B	1.09B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	14.00M	98.00M	173.00M	202.00M	364.00M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	40.00M	41.00M	42.00M	41.00M	41.00M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-26.00M	57.00M	131.00M	161.00M	323.00M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-5.00M	15.00M	11.00M	31.00M	74.00M
Net Income	239.00M	385.00M	187.00M	-195.00M	130.00M	306.00M	115.00M	203.00M	-6.00M	-	-21.00M	40.00M	118.00M	128.00M	249.00M
Diluted EPS	2.28	3.60	1.50	-1.56	1.04	2.45	0.88	1.55	-0.08	2.50	-0.20	0.26	0.85	-	1.78

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	2.24B	4.27B	5.42B	5.43B
Cost of Revenue	-	-	-	-	-
Gross Profit	-	-	-	-	-
Operating Expenses	-	-	-	-	-
Operating Income	-	822.00M	62.00M	910.00M	487.00M
EBITDA	-	-	-	-	-
Interest Expense	-	29.00M	97.00M	132.00M	164.00M
Pretax Income	-	793.00M	-35.00M	778.00M	323.00M
Tax Provision	-	158.00M	23.00M	136.00M	52.00M
Net Income	-	635.00M	-58.00M	639.00M	265.00M
Diluted EPS	-	5.52	-0.47	4.88	1.88

Compounded Sales Growth

5 Years:	34.35%
1 Year:	30.70%

Compounded Profit Growth

5 Years:	-25.27%
1 Year:	-

Stock Price Performance

1 Year:	-10.44%
6 Months:	-12.62%
3 Months:	+23.78%
1 Month:	-2.33%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2019	May 2020	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	-	-	54.63B	70.20B	84.93B	98.43B
Current Assets	-	-	-	-	-	-	-	-
Cash & Equivalents	-	-	-	-	960.00M	1.56B	2.26B	1.49B
Inventory	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	5.42B	8.96B	13.37B	17.55B
Total Liabilities	-	-	-	-	52.22B	67.10B	80.86B	93.51B
Current Liabilities	-	-	-	-	-	-	-	-
Long Term Debt	-	-	-	-	1.11B	1.75B	2.17B	2.24B
Total Debt	-	-	-	-	1.13B	1.76B	2.19B	2.26B
Total Equity	2.58B	2.74B	4.07B	-	2.40B	3.10B	3.95B	4.80B
Shares Outstanding	-	-	-	-	126.41M	127.23M	127.95M	137.06M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	-	3.17B	5.83B	6.00B	4.68B
Investing Cash Flow	-	-9.37B	-8.92B	-7.95B	-8.43B
Financing Cash Flow	-	5.63B	3.69B	2.65B	2.97B
Capital Expenditure	-	-32.00M	-27.00M	-24.00M	-15.00M
Free Cash Flow	-	3.14B	5.81B	5.97B	4.67B
Net Change in Cash	-	-573.00M	603.00M	701.00M	-778.00M
Share Buybacks	0	0	18.00M	12.00M	10.00M

Ratios (Annual)

Figures in %.

Metric	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-
Operating Margin %	-	36.7%	1.5%	16.8%	9.0%
Net Margin %	-	28.4%	-1.4%	11.8%	4.9%
ROE %	-	26.4%	-1.9%	16.2%	5.5%
ROCE %	-	-	-	-	-

Shareholding Pattern

Insiders

2.69%

Institutions

94.90%

Public Float

97.53%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Fidelity National Financial, Inc.	71.45%	94.66M	$2.62B
2	Brave Warrior Advisors, LLC	4.04%	5.35M	$148.39M
3	Blackrock Inc.	3.10%	4.11M	$114.02M
4	Vanguard Portfolio Management LLC	1.50%	1.99M	$55.08M
5	Vanguard Capital Management LLC	1.37%	1.81M	$50.22M
6	Dimensional Fund Advisors LP	1.12%	1.48M	$41.03M
7	Nomura Asset Management International Inc	0.95%	1.26M	$34.98M
8	Ameriprise Financial, Inc.	0.73%	963.67K	$26.71M
9	Geode Capital Management, LLC	0.68%	904.30K	$25.07M
10	State Street Corporation	0.63%	829.42K	$22.99M

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