F&G Annuities & Life, Inc. (FG) Financial Ratios
10 years of historical data (2016–2025) · Financial Services · Insurance - Life
EV/EBITDA
↑
4.48
↓-33% vs avg
5yr avg: 6.68
30Y Low2.2·High15.7
P/FCF
↑
0.79
-10% vs avg
5yr avg: 0.87
30Y Low0.7·High1.0
P/B Ratio
↓
0.73
↓-41% vs avg
5yr avg: 1.24
30Y Low0.8·High1.8
ROE
↓
5.9%
↑-57% vs avg
5yr avg: 13.8%
30Y Low-112%·High29%
Debt/EBITDA
↑
2.26
+12% vs avg
5yr avg: 2.02
30Y Low0.5·High4.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
F&G Annuities & Life, Inc. trades at 14.4x earnings, 52% above its 5-year average of 9.5x, sitting at the 67th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.1x, the stock trades at a premium of 10%. On a free-cash-flow basis, the stock trades at 0.8x P/FCF, 10% below the 5-year average of 0.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.7B | $4.1B | $5.4B | $5.7B | $2.3B | — | — | — | — | — | — |
| Enterprise Value | $4.4B | $4.8B | $5.3B | $5.9B | $2.5B | — | — | — | — | — | — |
| P/E Ratio → | 14.41 | 16.41 | 8.49 | — | 3.63 | — | — | — | — | — | — |
| P/S Ratio | 0.64 | 0.71 | 1.00 | 1.34 | 1.03 | — | — | — | — | — | — |
| P/B Ratio | 0.73 | 0.83 | 1.33 | 1.84 | 0.96 | — | — | — | — | — | — |
| P/FCF | 0.79 | 0.87 | 0.91 | 0.98 | 0.73 | — | — | — | — | — | — |
| P/OCF | 0.78 | 0.87 | 0.90 | 0.98 | 0.73 | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
FG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
F&G Annuities & Life, Inc.'s enterprise value stands at 4.5x EBITDA, 33% below its 5-year average of 6.7x. The Financial Services sector median is 11.5x, placing the stock at a 61% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.84 | 0.99 | 1.38 | 1.10 | — | — | — | — | — | — |
| EV / EBITDA | 4.48 | 4.88 | 3.97 | 15.67 | 2.21 | — | — | — | — | — | — |
| EV / EBIT | 13.70 | 9.90 | 5.87 | 95.26 | 3.00 | — | — | — | — | — | — |
| EV / FCF | — | 1.03 | 0.89 | 1.02 | 0.79 | — | — | — | — | — | — |
FG Profitability
Margins and return-on-capital ratios measuring operating efficiency
F&G Annuities & Life, Inc. earns an operating margin of 5.6%, below the Financial Services sector average of 21.6%. Operating margins have expanded from -0.8% to 5.6% over the past 3 years, signaling improving operational efficiency. ROE of 5.9% is modest, trailing the sector median of 9.4%. ROIC of 5.0% represents adequate returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.8% | 30.8% | 30.1% | 16.8% | 49.7% | 42.9% | 100.0% | 36.7% | 100.0% | 100.0% | 100.0% |
| Operating Margin | 5.6% | 5.6% | 14.4% | -0.8% | 35.4% | 45.8% | 93.1% | 23.2% | 8.2% | 12.7% | -31.6% |
| Net Profit Margin | 4.6% | 4.6% | 11.8% | -1.4% | 28.4% | 36.6% | -12.4% | 22.7% | -2.3% | -56.4% | -31.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.9% | 5.9% | 17.8% | -2.1% | 18.4% | 29.0% | -5.2% | 22.4% | -1.1% | -112.1% | -6.7% |
| ROA | 0.3% | 0.3% | 0.8% | -0.1% | 1.2% | 2.8% | -0.5% | 1.2% | -0.1% | -7.3% | -0.0% |
| ROIC | 5.0% | 5.0% | 16.0% | -0.9% | 18.3% | 30.1% | 32.6% | 19.6% | 4.2% | 31.8% | — |
| ROCE | 0.4% | 0.4% | 1.2% | -0.1% | 1.5% | 3.5% | 3.5% | 1.2% | 0.2% | 1.6% | -0.0% |
FG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
F&G Annuities & Life, Inc. carries a Debt/EBITDA ratio of 2.3x, which is manageable (45% below the sector average of 4.1x). Net debt stands at $751M ($2.2B total debt minus $1.5B cash). Interest coverage of just 3.0x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.45 | 0.45 | 0.54 | 0.57 | 0.47 | 0.22 | 0.15 | 0.20 | 0.59 | 0.21 | — |
| Debt / EBITDA | 2.26 | 2.26 | 1.62 | 4.68 | 1.01 | 0.54 | 0.45 | 0.99 | — | — | — |
| Net Debt / Equity | — | 0.15 | -0.02 | 0.07 | 0.07 | -0.12 | -0.07 | -0.15 | -0.03 | -0.40 | -0.20 |
| Net Debt / EBITDA | 0.76 | 0.76 | -0.06 | 0.54 | 0.15 | -0.30 | -0.21 | -0.78 | — | — | — |
| Debt / FCF | — | 0.16 | -0.01 | 0.03 | 0.05 | -0.29 | -8.17 | -0.67 | -0.03 | -0.80 | — |
| Interest Coverage | 2.97 | 2.97 | 6.89 | 0.64 | 28.34 | 54.52 | — | 14.16 | — | — | — |
FG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | 4.12 | — | — | 161.50 | — | 7.51 | 7.05 | 28.26 | 14.52 |
| Quick Ratio | — | — | 4.12 | — | — | 161.50 | — | 7.51 | 7.05 | 28.26 | 14.52 |
| Cash Ratio | — | — | 4.12 | — | — | 144.85 | — | 7.51 | 7.05 | 28.26 | 14.52 |
| Asset Turnover | — | 0.06 | 0.06 | 0.06 | 0.04 | 0.07 | 0.04 | 0.05 | 0.02 | 0.07 | 0.00 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
FG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
F&G Annuities & Life, Inc. returns 4.1% to shareholders annually — split between a 3.8% dividend yield and 0.3% buyback yield. A payout ratio of 51.7% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 6.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.8% | 3.4% | 2.2% | 1.8% | — | — | — | — | — | — | — |
| Payout Ratio | 51.7% | 51.7% | 18.9% | — | — | — | — | 2.2% | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.9% | 6.1% | 11.8% | — | 27.6% | — | — | — | — | — | — |
| FCF Yield | 100.0% | 114.6% | 110.1% | 101.8% | 136.4% | — | — | — | — | — | — |
| Buyback Yield | 0.3% | 0.2% | 0.2% | 0.3% | 0.0% | — | — | — | — | — | — |
| Total Shareholder Yield | 4.1% | 3.6% | 2.5% | 2.1% | 0.0% | — | — | — | — | — | — |
| Shares Outstanding | — | $132M | $131M | $124M | $115M | $105M | $150M | $213M | $216M | $214M | $19M |
Peer Comparison
Compare FG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FGYou | $4B | 14.4 | 4.5 | 0.8 | 30.8% | 5.6% | 5.9% | 5.0% | 2.3 |
 GL | $12B | 10.8 | 9.1 | 9.5 | 33.4% | 24.4% | 20.6% | 13.4% | 1.6 |
 CNO | $4B | 19.5 | 14.1 | 6.4 | 44.8% | 6.5% | 8.9% | 4.0% | 7.7 |
 PFG | $22B | 19.1 | 12.9 | 4.9 | 45.2% | 9.1% | 9.9% | 9.0% | 2.5 |
 LNC | $7B | 6.2 | 2.4 | — | 57.3% | 7.3% | 12.3% | 12.0% | 4.1 |
 RLI | $5B | 11.4 | 8.8 | 7.5 | 29.8% | 27.5% | 24.4% | 22.8% | 0.2 |
 MET | $51B | 16.4 | 8.7 | 2.8 | 36.4% | 6.0% | 11.9% | 13.1% | 3.5 |
 PRU | $35B | 9.7 | 7.7 | 5.5 | 42.0% | 7.9% | 10.9% | 10.0% | 4.7 |
 AFL | $59B | 16.6 | 11.0 | 22.9 | 38.9% | 26.6% | 13.1% | 11.8% | 1.5 |
 EQH | $12B | -8.9 | — | 17.8 | 79.1% | -10.2% | -51.5% | — | — |
 CRBG | $13B | -40.4 | 1533.1 | 6.2 | 80.9% | -18.7% | -2.8% | -1.6% | 727.1 |
| Financial Services Median | — | 13.1 | 11.5 | 10.6 | 63.6% | 21.6% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 10 years · Updated daily
See FG's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs FG Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare FG vs GL
Side-by-side business, growth, and profitability comparison vs Globe Life Inc..
Start ComparisonFG — Frequently Asked Questions
Quick answers to the most common questions about buying FG stock.
What is F&G Annuities & Life, Inc.'s P/E ratio?
F&G Annuities & Life, Inc.'s current P/E ratio is 14.4x. The historical average is 9.5x. This places it at the 67th percentile of its historical range.
What is F&G Annuities & Life, Inc.'s EV/EBITDA?
F&G Annuities & Life, Inc.'s current EV/EBITDA is 4.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.7x.
What is F&G Annuities & Life, Inc.'s ROE?
F&G Annuities & Life, Inc.'s return on equity (ROE) is 5.9%. The historical average is -3.4%.
Is FG stock overvalued?
Based on historical data, F&G Annuities & Life, Inc. is trading at a P/E of 14.4x. This is at the 67th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is F&G Annuities & Life, Inc.'s dividend yield?
F&G Annuities & Life, Inc.'s current dividend yield is 3.83% with a payout ratio of 51.7%.
What are F&G Annuities & Life, Inc.'s profit margins?
F&G Annuities & Life, Inc. has 30.8% gross margin and 5.6% operating margin.
How much debt does F&G Annuities & Life, Inc. have?
F&G Annuities & Life, Inc.'s Debt/EBITDA ratio is 2.3x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.