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F&G Annuities & Life, Inc.(FGN)Earnings, Financials & Key Ratios
FGN•NYSE•Insurance & Managed Care
$24.73
13.2× P/E·Price updated Jun 25, 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$5.73B-0.2%
- Combined Ratio94.36%+12.9%
- Net Income$265M-57.4%
- Return on Equity5.89%-66.0%
- Medical Cost Ratio69.15%
- Operating Margin5.64%-65.7%
- Net Margin4.62%-57.3%
- ROA0.29%-65.7%
- Equity / Assets5%+4.2%
FGN Price & Volume
F&G Annuities & Life, Inc. (FGN) stock price & volume — 10-year historical chart
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Aggressive Asset Scaling Drives Volatile Earnings Profile
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial Position:Healthy
Cash Flow:Stable
Primary Risk:Alternative asset credit exposure
"F&G Annuities & Life leverages a strategic partnership with Blackstone to capture yield spreads, driving rapid asset growth from $62.7 billion in 2023Q4 to $101.0 billion by 2026Q1. While the firm demonstrates robust operational liquidity, investors should monitor the significant disconnect between GAAP net income and cash generation, as evidenced by an OCF/NI ratio of 40.50 in 2025Q2. The reliance on private credit and institutional PRT transactions creates a complex risk profile that warrants caution despite the attractive forward P/E of 4.47."
Verdict Logic
while the forward P/E of 4.47 suggests potential undervaluation, the extreme volatility in quarterly revenue growth and the reliance on complex mark-to-market accounting for earnings make the current 0.66 P/B ratio difficult to justify without further stability.
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 Years33.98%
TTM17.98%
Profit CAGR
10 Years-
5 Years-
3 Years-25.27%
TTM-25.56%
EPS CAGR
10 Years-
5 Years-
3 Years-30.17%
TTM81.41%
Return on Capital
10 Years16.29%
5 Years16.29%
3 Years9.77%
Last Year0.35%
FGN Recent Earnings
F&G Annuities & Life, Inc. (FGN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (36%)●Beat Revenue 8/12 qtrs (73%)
Q2 2026Latest
May 13, 2026Metric
Actual
Est
EPS
$1.83+41.9%
$1.29
Rev
$1.2B-18.9%
$1.5B
Q1 2026
Feb 19, 2026Metric
Actual
Est
EPS
$0.91-24.2%
$1.20
Rev
$2.3B+48.9%
$1.5B
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.85-13.2%
$0.98
Rev
$1.7B+20.8%
$1.4B
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.30-51.6%
$0.62
Rev
$1.4B+17.1%
$1.2B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 13, 2026 | $1.83vs $1.29+41.9% | $1.2Bvs $1.5B-18.9% |
| Q1 2026 | 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% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for F&G Annuities & Life, Inc. (FGN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $24.73 | $4.42B | 13.15 | -0.23% | 4.62% | 5.89% | — | |
| $176.40 | $13.7B | 12.55 | 3.82% | 19.37% | 20.32% | — | |
| $105.44 | $22.78B | 20.08 | -3.11% | 10.03% | 12.72% | — | |
| $36.34 | $6.95B | 6.22 | 1.24% | 9.14% | 16.79% | — | |
| $208.50 | $13.66B | 11.79 | 3.39% | 4.98% | 9.4% | — | |
| $84.63 | $55.18B | 17.63 | 10.22% | 4.7% | 12.72% | — |
Compare FGN vs Peers
F&G Annuities & Life, Inc. (FGN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FGN SEC Filings & Documents
F&G Annuities & Life, Inc. (FGN) SEC filings — annual & quarterly reports (10-K, 10-Q)
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FGN Frequently Asked Questions
F&G Annuities & Life, Inc. (FGN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is F&G Annuities & Life, Inc. growing?
F&G Annuities & Life, Inc. (FGN) saw revenue decline by 0.2% over the past year.
Is FGN profitable?
Yes, F&G Annuities & Life, Inc. (FGN) is profitable, generating $530.0M in net income for fiscal year 2025 (4.6% net margin).
Dividend & Returns
What is FGN's return on equity?
F&G Annuities & Life, Inc. (FGN) has a return on equity (ROE) of 5.9%. This is below average, suggesting room for improvement.
Industry Metrics
What is F&G Annuities & Life, Inc.'s combined ratio?
F&G Annuities & Life, Inc. (FGN) has a combined ratio of 94.4%. A ratio below 100% indicates underwriting profitability.