F&G Annuities & Life, Inc. (FGN) 10-Year Financial Performance & Capital Metrics

FGN • • Insurance & Managed Care

Financial ServicesLife InsuranceAnnuity-Focused ProvidersSpecialized Annuity Providers

AboutF&G Annuities & Life, Inc. engages in the provision of fixed annuity and life insurance products. It specializes in life insurance, annuities, retirement planning and wealth transfer. The company was founded in 1959 and is headquartered in Des Moines, IA.Show more

Revenue $5.74B +26.6%
Combined Ratio 83.57% +1534.2%
Net Income $622M +1172.4%
Return on Equity 17.33% +922.8%
Medical Cost Ratio 0%
Operating Margin 16.43% -82.7%
Net Margin 10.83% +947.1%
ROA 0.84% +919.0%
Equity / Assets 4.79% -3.1%
Book Value per Share 31.11 +24.3%
Tangible BV/Share -28.05 -21.9%
Debt/Equity 0.53 -6.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 3.6%
✓Trading at only 0.8x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y13.1%

TTM-5.44%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-20.54%

TTM109.01%

EPS CAGR

10Y-

5Y-

3Y-16.77%

TTM4.21%

ROCE

10Y Avg20.28%

5Y Avg20.28%

3Y Avg15.89%

Latest1.81%

Peer Comparison

Specialized Annuity Providers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FGF&G Annuities & Life, Inc.	3.73B	27.74	5.68	26.93%	8.87%	9.39%	100%	0.54
FGNF&G Annuities & Life, Inc.	3.47B	25.75	5.42	26.6%	8.4%	9.39%	100%	0.53

Profit & Loss

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	3.97B	2.38B	4.54B	5.74B
Revenue Growth %	-	-0.4%	0.9%	0.27%
Medical Costs & Claims+	0	0	0	0
Medical Cost Ratio %	-	-	-	-
Gross Profit+	3.97B	2.38B	4.54B	5.74B
Gross Margin %	-	-	-	-
Gross Profit Growth %	-	-0.4%	0.9%	0.27%
Operating Expenses+	129M	157M	232M	4.8B
OpEx / Revenue %	-	-	-	-
Depreciation & Amortization	0	0	0	569M
Combined Ratio %	-	-	-	-
Operating Income+	3.84B	2.23B	4.3B	944M
Operating Margin %	-	-	-	-
Operating Income Growth %	-	-0.42%	0.93%	-0.78%
EBITDA+	3.84B	2.23B	4.3B	1.51B
EBITDA Margin %	-	-	-	-
Interest Expense	29M	29M	97M	132M
Non-Operating Income	3.84B	2.23B	4.3B	34M
Pretax Income+	1.55B	793M	-35M	778M
Pretax Margin %	-	-	-	-
Income Tax+	320M	158M	23M	136M
Effective Tax Rate %	-	-	-	-
Net Income+	1.24B	635M	-58M	622M
Net Margin %	-	-	-	-
Net Income Growth %	-	-0.49%	-1.09%	11.72%
EPS (Diluted)+	8.24	5.52	-0.47	4.75
EPS Growth %	-	-0.33%	-1.09%	11.11%
EPS (Basic)	8.24	5.52	-0.47	4.98
Diluted Shares Outstanding	105M	115M	124M	131M

Balance Sheet

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	45.12B	50.11B	62.72B	85.04B
Asset Growth %	-	0.11%	0.25%	0.36%
Total Investment Assets+	4.13B	4.92B	6.3B	49.88B
Long-Term Investments	3.65B	3.24B	4.48B	3.56B
Short-Term Investments	479M	1.68B	1.83B	46.32B
Total Current Assets+	2.06B	3.03B	3.88B	48.58B
Cash & Equivalents	1.53B	960M	1.56B	2.26B
Receivables	0	0	0	0
Other Current Assets	53M	386M	496M	0
Goodwill & Intangibles+	1.76B	1.75B	5.96B	7.75B
Goodwill	1.76B	1.75B	1.75B	2.18B
Intangible Assets	0	0	4.21B	5.57B
PP&E (Net)	21M	39.51B	49.7B	0
Other Assets	663M	1.09B	-3.16B	0
Total Liabilities	40.63B	47.7B	59.62B	80.96B
Total Debt+	991M	1.13B	1.76B	2.17B
Net Debt	-542M	167M	202M	-93M
Long-Term Debt	977M	567M	1.03B	1.87B
Short-Term Debt	0	547M	729M	302M
Total Current Liabilities+	33.64B	37.79B	43.33B	5M
Accounts Payable	35.6B	40.96B	49.09B	0
Deferred Revenue	0	0	0	0
Other Current Liabilities	-1.96B	-3.71B	-6.49B	-297M
Deferred Taxes	1000K	1000K	1000K	1000K
Other Liabilities	5.95B	8.27B	13.5B	78.79B
Total Equity+	4.49B	2.4B	3.1B	4.08B
Equity Growth %	-	-0.46%	0.29%	0.31%
Shareholders Equity	4.49B	2.4B	3.1B	3.95B
Minority Interest	0	0	0	125M
Retained Earnings	1B	2.06B	1.93B	2.44B
Common Stock	0	0	0	0
Accumulated OCI	734M	-2.82B	-1.99B	-1.92B
Return on Equity (ROE)	0.28%	0.18%	-0.02%	0.17%
Return on Assets (ROA)	0.03%	0.01%	-0%	0.01%
Equity / Assets	-	-	-	-
Debt / Equity	0.22x	0.47x	0.57x	0.53x
Book Value per Share	42.71	20.91	25.02	31.11
Tangible BV per Share	-	-	-	-

Cash Flow

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.02B	3.48B	6.17B	6B
Operating CF Growth %	-	0.72%	0.77%	-0.03%
Operating CF / Revenue %	-	-	-	-
Net Income	857M	635M	-58M	639M
Depreciation & Amortization	484M	24M	30M	569M
Stock-Based Compensation	0	0	0	29M
Deferred Taxes	0	0	0	0
Other Non-Cash Items	-1.1B	-145M	910M	-694M
Working Capital Changes	1.78B	2.97B	5.29B	5.46B
Cash from Investing+	-7.01B	-9.68B	-9.26B	-7.95B
Capital Expenditures	-33M	-32M	-27M	-24M
Acquisitions	-43M	0	0	-482M
Purchase of Investments	-16.29B	-15.08B	-14.51B	0
Sale/Maturity of Investments	1000K	1000K	1000K	0
Other Investing	0	0	0	-7.45B
Cash from Financing+	5.63B	5.63B	3.69B	2.65B
Dividends Paid	0	0	-101M	-121M
Share Repurchases	0	0	-18M	-12M
Stock Issued	0	0	0	0
Debt Issuance (Net)	1000K	1000K	1000K	1000K
Other Financing	5.24B	5.08B	3.16B	1.99B
Net Change in Cash+	644M	-573M	603M	701M
Exchange Rate Effect	0	0	0	0
Cash at Beginning	889M	1.53B	960M	1.56B
Cash at End	1.53B	960M	1.56B	2.26B
Free Cash Flow+	1.99B	3.45B	6.15B	5.97B
FCF Growth %	-	0.74%	0.78%	-0.03%
FCF Margin %	-	-	-	-
FCF per Share	18.93	30.02	49.57	45.61

Key Ratios

Metric	2021	2022	2023	2024
Combined Ratio	3.25%	6.59%	5.11%	83.57%
Medical Cost Ratio	0%	0%	0%	0%
Return on Equity (ROE)	27.65%	18.43%	-2.11%	17.33%
Return on Assets (ROA)	2.75%	1.33%	-0.1%	0.84%
Equity / Assets	9.94%	4.8%	4.95%	4.79%
Book Value / Share	42.71	20.91	25.02	31.11
Debt / Equity	0.22x	0.47x	0.57x	0.53x
Revenue Growth	-	-39.97%	90.39%	26.6%

Revenue by Segment

	2024
Reportable	5.74B
Reportable Growth	-

Frequently Asked Questions

Valuation & Price

F&G Annuities & Life, Inc. (FGN) has a price-to-earnings (P/E) ratio of 5.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

F&G Annuities & Life, Inc. (FGN) grew revenue by 26.6% over the past year. This is strong growth.

Yes, F&G Annuities & Life, Inc. (FGN) is profitable, generating $464.0M in net income for fiscal year 2024 (10.8% net margin).

Dividend & Returns

Yes, F&G Annuities & Life, Inc. (FGN) pays a dividend with a yield of 3.59%. This makes it attractive for income-focused investors.

F&G Annuities & Life, Inc. (FGN) has a return on equity (ROE) of 17.3%. This is reasonable for most industries.

Industry Metrics

F&G Annuities & Life, Inc. (FGN) has a combined ratio of 0.0%. A ratio below 100% indicates underwriting profitability.

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