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F&G Annuities & Life, Inc.(FGN)Earnings, Financials & Key Ratios
FGN•NYSE•Insurance & Managed Care
$25.04
$3.37B mkt cap·5.3× P/E·Price updated May 7, 2026
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 Ratio83.57%+1534.2%
- Net Income$622M+1172.4%
- Return on Equity17.33%+922.8%
- Medical Cost Ratio0%
- Operating Margin16.43%-82.7%
- Net Margin10.83%+947.1%
- ROA0.84%+919.0%
- Equity / Assets4.79%-3.1%
- Book Value per Share31.11+24.3%
- Tangible BV/Share-28.05-21.9%
- Debt/Equity0.53-6.4%
FGN Key Insights
F&G Annuities & Life, Inc. (FGN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 94 (top 6%)
- ✓Healthy dividend yield of 3.7%
- ✓Trading at only 0.8x book value
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
FGN Price & Volume
F&G Annuities & Life, Inc. (FGN) stock price & volume — 10-year historical chart
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FGN Growth Metrics
F&G Annuities & Life, Inc. (FGN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years13.1%
TTM-5.44%
Profit CAGR
10 Years-
5 Years-
3 Years-20.54%
TTM109.01%
EPS CAGR
10 Years-
5 Years-
3 Years-16.77%
TTM4.21%
Return on Capital
10 Years20.28%
5 Years20.28%
3 Years15.89%
Last Year1.81%
FGN Recent Earnings
F&G Annuities & Life, Inc. (FGN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (27%)●Beat Revenue 9/12 qtrs (82%)
Q1 2026Latest
Feb 19, 2026EPS
$0.91
Est $1.20
-24.2%
Revenue
$2.3B
Est $1.5B
+48.9%
Q4 2025
Nov 6, 2025EPS
$0.85
Est $0.98
-13.2%
Revenue
$1.7B
Est $1.4B
+20.8%
Q3 2025
Aug 6, 2025EPS
$0.30
Est $0.62
-51.6%
Revenue
$1.4B
Est $1.2B
+17.1%
Q2 2025
May 7, 2025EPS
$0.72
Est $1.02
-29.4%
Revenue
$2.2B
Est $1.5B
+48.1%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 19, 2026 | $0.91vs $1.20-24.2% | $2.3Bvs $1.5B+48.9% |
| Q4 2025 | Nov 6, 2025 | $0.85vs $0.98-13.2% | $1.7Bvs $1.4B+20.8% |
| Q3 2025 | Aug 6, 2025 | $0.30vs $0.62-51.6% | $1.4Bvs $1.2B+17.1% |
| Q2 2025 | May 7, 2025 | $0.72vs $1.02-29.4% | $2.2Bvs $1.5B+48.1% |
Based on last 12 quarters of dataView full earnings history →
FGN Peer Comparison
F&G Annuities & Life, Inc. (FGN) competitors in Retirement and annuity life insurers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 GL | 11.96B | 152.45 | 10.84 | 3.82% | 19.36% | 20.64% | 0.44 | |
 PFG | 21.67B | 100.03 | 19.05 | -3.11% | 7.58% | 9.89% | 0.34 | |
 LNC | 6.87B | 35.94 | 6.15 | 1.24% | 9.14% | 16.79% | 0.59 | |
 RGA | 13.95B | 212.80 | 12.03 | 3.39% | 5.05% | 9.41% | 0.42 | |
 MET | 51.39B | 78.81 | 16.42 | 10.22% | 4.7% | 12.72% | 0.70 | |
 PRU | 34.58B | 99.43 | 9.73 | -14.01% | 5.62% | 10.26% | 0.65 | |
 EQH | 12.07B | 42.88 | -8.88 | -6.21% | -12.55% | -49.32% | 3.67 | |
 BHF | 3.53B | 61.68 | 10.65 | 42.16% | -1.19% | -1.06% | 0.46 |
Compare FGN vs Peers
F&G Annuities & Life, Inc. (FGN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FGN Income Statement
F&G Annuities & Life, Inc. (FGN) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Revenue | 3.97B | 2.38B | 4.54B | 5.74B | 5.53B |
| Revenue Growth % | - | -39.97% | 90.39% | 26.6% | -5.44% |
| Medical Costs & Claims | 0 | 0 | 0 | 0 | 46M |
| Medical Cost Ratio % | 0% | 0% | 0% | 0% | 0.83% |
| Gross Profit | 3.97B▲ 0% | 2.38B▼ 40.0% | 4.54B▲ 90.4% | 5.74B▲ 26.6% | 5.31B▲ 0% |
| Gross Margin % | 100% | 100% | 100% | 100% | 96.04% |
| Gross Profit Growth % | - | -39.97% | 90.39% | 26.6% | - |
| Operating Expenses | 129M | 157M | 232M | 4.8B | 787M |
| OpEx / Revenue % | 3.25% | 6.59% | 5.11% | 83.57% | 14.24% |
| Depreciation & Amortization | 0 | 0 | 0 | 569M | 528M |
| Combined Ratio % | 3.25% | 6.59% | 5.11% | 83.57% | 15.07% |
| Operating Income | 3.84B▲ 0% | 2.23B▼ 42.0% | 4.3B▲ 93.4% | 944M▼ 78.1% | 3.44B▲ 0% |
| Operating Margin % | 96.75% | 93.41% | 94.89% | 16.43% | 62.23% |
| Operating Income Growth % | - | -42.05% | 93.4% | -78.07% | - |
| EBITDA | 3.84B | 2.23B | 4.3B | 1.51B | 3.97B |
| EBITDA Margin % | 96.75% | 93.41% | 94.89% | 26.34% | 71.79% |
| Interest Expense | 29M | 29M | 97M | 132M | 171M |
| Non-Operating Income | 3.84B | 2.23B | 4.3B | 34M | 3.54B |
| Pretax Income | 1.55B▲ 0% | 793M▼ 48.9% | -35M▼ 104.4% | 778M▲ 2322.9% | 919M▲ 0% |
| Pretax Margin % | 39.09% | 33.28% | -0.77% | 13.54% | 16.63% |
| Income Tax | 320M | 158M | 23M | 136M | 55M |
| Effective Tax Rate % | 20.62% | 19.92% | -65.71% | 17.48% | 5.98% |
| Net Income | 1.24B▲ 0% | 635M▼ 48.8% | -58M▼ 109.1% | 622M▲ 1172.4% | 464M▲ 0% |
| Net Margin % | 31.23% | 26.65% | -1.28% | 10.83% | 8.4% |
| Net Income Growth % | - | -48.79% | -109.13% | 1172.41% | 109.01% |
| EPS (Diluted) | 8.24▲ 0% | 5.52▼ 33.0% | -0.47▼ 108.5% | 4.75▲ 1110.6% | 3.34▲ 0% |
| EPS Growth % | - | -33.01% | -108.51% | 1110.64% | 4.21% |
| EPS (Basic) | 8.24 | 5.52 | -0.47 | 4.98 | - |
| Diluted Shares Outstanding | 105M | 115M | 124M | 131M | 139M |
FGN Balance Sheet
F&G Annuities & Life, Inc. (FGN) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Total Assets | 45.12B | 50.11B | 62.72B | 85.04B | 96.14B |
| Asset Growth % | - | 11.06% | 25.16% | 35.59% | 157.62% |
| Total Investment Assets | 4.13B | 4.92B | 6.3B | 49.88B | 4M |
| Long-Term Investments | 3.65B | 3.24B | 4.48B | 3.56B | 16.72B |
| Short-Term Investments | 479M | 1.68B | 1.83B | 46.32B | 51.6B |
| Total Current Assets | 2.06B | 3.03B | 3.88B | 48.58B | 53.79B |
| Cash & Equivalents | 1.53B | 960M | 1.56B | 2.26B | 2.19B |
| Receivables | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 53M | 386M | 496M | 0 | 0 |
| Goodwill & Intangibles | 1.76B | 1.75B | 5.96B | 7.75B | 32.05B |
| Goodwill | 1.76B | 1.75B | 1.75B | 2.18B | 2.18B |
| Intangible Assets | 0 | 0 | 4.21B | 5.57B | 6.1B |
| PP&E (Net) | 21M | 39.51B | 49.7B | 0 | 242M |
| Other Assets | 663M | 1.09B | -3.16B | 0 | -242M |
| Total Liabilities | 40.63B | 47.7B | 59.62B | 80.96B | 74.35B |
| Total Debt | 991M | 1.13B | 1.76B | 2.17B | 2.24B |
| Net Debt | -542M | 167M | 202M | -93M | 47M |
| Long-Term Debt | 977M | 567M | 1.03B | 1.87B | 2.24B |
| Short-Term Debt | 0 | 547M | 729M | 302M | 0 |
| Total Current Liabilities | 33.64B | 37.79B | 43.33B | 5M | 0 |
| Accounts Payable | 35.6B | 40.96B | 49.09B | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | -1.96B | -3.71B | -6.49B | -297M | 0 |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 0 |
| Other Liabilities | 5.95B | 8.27B | 13.5B | 78.79B | -2.24B |
| Total Equity | 4.49B▲ 0% | 2.4B▼ 46.4% | 3.1B▲ 29.0% | 4.08B▲ 31.4% | 4.94B▲ 0% |
| Equity Growth % | - | -46.38% | 29.02% | 31.36% | 107.28% |
| Shareholders Equity | 4.49B | 2.4B | 3.1B | 3.95B | 4.82B |
| Minority Interest | 0 | 0 | 0 | 125M | 116M |
| Retained Earnings | 1B | 2.06B | 1.93B | 2.44B | 2.48B |
| Common Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 734M | -2.82B | -1.99B | -1.92B | -1.38B |
| Return on Equity (ROE) | 27.65% | 18.43% | -2.11% | 17.33% | 9.39% |
| Return on Assets (ROA) | 2.75% | 1.33% | -0.1% | 0.84% | 0.48% |
| Equity / Assets | 9.94% | 4.8% | 4.95% | 4.79% | 5.14% |
| Debt / Equity | 0.22x | 0.47x | 0.57x | 0.53x | 0.53x |
| Book Value per Share | 42.71 | 20.91 | 25.02 | 31.11 | 35.54 |
| Tangible BV per Share | 25.99 | 5.70 | -23.01 | -28.05 | -24.01 |
FGN Cash Flow Statement
F&G Annuities & Life, Inc. (FGN) cash flow — operating, investing & free cash flow history
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Cash from Operations | 2.02B | 3.48B | 6.17B | 6B | 6B |
| Operating CF Growth % | - | 72.39% | 77.21% | -2.83% | -117.24% |
| Operating CF / Revenue % | 50.91% | 146.2% | 136.08% | 104.44% | 108.56% |
| Net Income | 857M | 635M | -58M | 639M | 464M |
| Depreciation & Amortization | 484M | 24M | 30M | 569M | 491M |
| Stock-Based Compensation | 0 | 0 | 0 | 29M | 22M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -1.1B | -145M | 910M | -694M | -775M |
| Working Capital Changes | 1.78B | 2.97B | 5.29B | 5.46B | 4.98B |
| Cash from Investing | -7.01B | -9.68B | -9.26B | -7.95B | -9.3B |
| Capital Expenditures | -33M | -32M | -27M | -24M | -56M |
| Acquisitions | -43M | 0 | 0 | -482M | 0 |
| Purchase of Investments | -16.29B | -15.08B | -14.51B | 0 | -9.36B |
| Sale/Maturity of Investments | 1000K | 1000K | 1000K | 0 | 2M |
| Other Investing | 0 | 0 | 0 | -7.45B | -5.92B |
| Cash from Financing | 5.63B | 5.63B | 3.69B | 2.65B | 2.77B |
| Dividends Paid | 0 | 0 | -101M | -121M | -131M |
| Share Repurchases | 0 | 0 | -18M | -12M | -9M |
| Stock Issued | 0 | 0 | 0 | 0 | 19M |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 2M |
| Other Financing | 5.24B | 5.08B | 3.16B | 1.99B | 2.45B |
| Net Change in Cash | 644M▲ 0% | -573M▼ 189.0% | 603M▲ 205.2% | 701M▲ 16.3% | -1.35B▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 889M | 1.53B | 960M | 1.56B | 1.88B |
| Cash at End | 1.53B | 960M | 1.56B | 2.26B | 2.19B |
| Free Cash Flow | 1.99B▲ 0% | 3.45B▲ 73.6% | 6.15B▲ 78.1% | 5.97B▼ 2.8% | 5.17B▲ 0% |
| FCF Growth % | - | 73.64% | 78.07% | -2.8% | -31.24% |
| FCF Margin % | 50.08% | 144.86% | 135.49% | 104.02% | 93.47% |
| FCF per Share | 18.93 | 30.02 | 49.57 | 45.61 | 45.61 |
FGN Key Ratios
F&G Annuities & Life, Inc. (FGN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|
| Combined Ratio | 6.59% | 5.11% | 83.57% | 15.07% |
| Medical Cost Ratio | 0% | 0% | 0% | 0.83% |
| Return on Equity (ROE) | 18.43% | -2.11% | 17.33% | 9.39% |
| Return on Assets (ROA) | 1.33% | -0.1% | 0.84% | 0.48% |
| Equity / Assets | 4.8% | 4.95% | 4.79% | 5.14% |
| Book Value / Share | 20.91 | 25.02 | 31.11 | 35.54 |
| Debt / Equity | 0.47x | 0.57x | 0.53x | 0.53x |
| Revenue Growth | -39.97% | 90.39% | 26.6% | -5.44% |
FGN SEC Filings & Documents
F&G Annuities & Life, Inc. (FGN) SEC filings — annual & quarterly reports (10-K, 10-Q)
FGN Frequently Asked Questions
F&G Annuities & Life, Inc. (FGN) stock FAQ — growth, dividends, profitability & financials explained
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 3.69%. 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.
Explore More FGN
F&G Annuities & Life, Inc. (FGN) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates