(FG) F&G Annuities & Life - Overview
Sector: Financial Services | Industry: Insurance - Life | Exchange: NYSE (USA) | Market Cap: 3.672m USD | Total Return: -11.4% in 12m
Avg Turnover: 20.9M
EPS Trend: 71.9%
Qual. Beats: -2
Rev. Trend: 81.5%
Qual. Beats: 3
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
F&G Annuities & Life, Inc. (FG) is a Des Moines-based provider of insurance and retirement solutions, operating as a subsidiary of Fidelity National Financial. The company specializes in fixed indexed annuities, multi-year guarantee annuities, and life insurance products, alongside institutional offerings such as pension risk transfer solutions and funding agreements.
The business model relies on a diverse distribution network including independent agents, banks, and broker-dealers to reach both retail and institutional clients. In the Life & Health Insurance sector, firms typically generate revenue through the spread between investment returns on premiums and the interest credited to policyholders.
Investors can evaluate the underlying valuation metrics and historical performance of FG by visiting ValueRay.
Founded in 1959, the company maintains a significant presence in the U.S. retirement market, focusing on products designed to protect capital while providing tax-deferred growth. Its integration with Fidelity National Financial provides a structural link to one of the largest title insurance and transaction services providers in the United States.
- Rising interest rates drive higher yields on fixed income investment portfolios
- Expansion of pension risk transfer and institutional funding agreements boosts assets
- Retail annuity sales volume remains sensitive to competitive crediting rate environments
- Asset management fees improve through strategic partnership with Blackstone and Fidelity
- Credit spread volatility impacts net investment income and statutory capital levels
| Net Income: 534.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -1.36 > 1.0 |
| NWC/Revenue: 533.8% < 20% (prev 637.5%; Δ -103.7% < -1%) |
| CFO/TA 0.05 > 3% & CFO 4.83b > Net Income 534.0m |
| Net Debt (-27.7b) to EBITDA (1.36b): -20.41 < 3 |
| Current Ratio: 2.67 > 1.5 & < 3 |
| Outstanding Shares: last quarter (139.0m) vs 12m ago 10.32% < -2% |
| Gross Margin: 33.04% > 18% (prev 0.34%; Δ 3.27k% > 0.5%) |
| Asset Turnover: 6.20% > 50% (prev 5.41%; Δ 0.79% > 0%) |
| Interest Coverage Ratio: 4.07 > 6 (EBITDA TTM 1.36b / Interest Expense TTM 165.0m) |
| A: 0.31 (Total Current Assets 50.0b - Total Current Liabilities 18.7b) / Total Assets 101b |
| B: 0.03 (Retained Earnings 2.78b / Total Assets 101b) |
| C: 0.01 (EBIT TTM 672.0m / Avg Total Assets 94.5b) |
| D: 0.01 (Book Value of Equity 935.0m / Total Liabilities 96.3b) |
| Altman-Z'' = 2.18 = BBB |
As of June 01, 2026, the stock is trading at USD 27.72 with a total of 1,050,096 shares traded.
Over the past week, the price has changed by +0.47%,
over one month by -3.21%,
over three months by +25.05% and
over the past year by -11.41%.
F&G Annuities & Life has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold FG.
- StrongBuy: 0
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 27 | -2.6% |
P/E Trailing = 7.1813
P/E Forward = 4.8638
P/S = 0.6111
P/B = 0.7917
Revenue TTM = 5.86b USD
EBIT TTM = 672.0m USD
EBITDA TTM = 1.36b USD
Long Term Debt = 2.24b USD (from longTermDebt, last quarter)
Short Term Debt = 364.0m USD (from shortTermDebt, last quarter)
Debt = 2.26b USD (from shortLongTermDebtTotal, last quarter) + Leases 11.0m
Net Debt = -27.7b USD (calculated: Debt 2.26b - CCE 30.0b)
Enterprise Value = 3.67b USD (floored to Market Cap, CCE > MCap+Debt)
Interest Coverage Ratio = 4.07 (Ebit TTM 672.0m / Interest Expense TTM 165.0m)
EV/FCF = 0.76x (Enterprise Value 3.67b / FCF TTM 4.82b)
FCF Yield = 131.2% (FCF TTM 4.82b / Enterprise Value 3.67b)
FCF Margin = 82.27% (FCF TTM 4.82b / Revenue TTM 5.86b)
Net Margin = 9.11% (Net Income TTM 534.0m / Revenue TTM 5.86b)
Gross Margin = 33.04% ((Revenue TTM 5.86b - Cost of Revenue TTM 3.92b) / Revenue TTM)
Gross Margin QoQ = 59.22% (prev 28.33%)
Tobins Q-Ratio = 0.04 (Enterprise Value 3.67b / Total Assets 101b)
Interest Expense / Debt = 7.30% (Interest Expense 165.0m / Debt 2.26b)
Taxrate = 22.91% (74.0m / 323.0m)
NOPAT = 518.0m (EBIT 672.0m * (1 - 22.91%))
Current Ratio = 2.67 (Total Current Assets 50.0b / Total Current Liabilities 18.7b)
Debt / Equity = 0.49 (Debt 2.26b / totalStockholderEquity, last quarter 4.64b)
Debt / EBITDA = -20.41 (Net Debt -27.7b / EBITDA 1.36b)
Debt / FCF = -5.75 (Net Debt -27.7b / FCF TTM 4.82b)
Total Stockholder Equity = 4.68b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.56% (Net Income 534.0m / Total Assets 101b)
RoE = 11.42% (Net Income TTM 534.0m / Total Stockholder Equity 4.68b)
RoCE = 9.72% (EBIT 672.0m / Capital Employed (Equity 4.68b + L.T.Debt 2.24b))
RoIC = 0.63% (NOPAT 518.0m / Invested Capital 82.7b)
WACC = 7.36% (E(3.67b)/V(5.93b) * Re(8.43%) + D(2.26b)/V(5.93b) * Rd(7.30%) * (1-Tc(0.23)))
Discount Rate = 8.43% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 70.71 | Cagr: 5.21%
[DCF] Terminal Value 73.84% ; FCFF base≈5.05b ; Y1≈4.61b ; Y5≈4.05b
[DCF] Fair Price = 694.4 (EV 64.3b - Net Debt -27.7b = Equity 92.0b / Shares 132.5m; r=8.35% [WACC [floored]]; 5y FCF grow -10.72% → 2.50% )
EPS Correlation: 71.87 | EPS CAGR: 22.54% | SUE: -0.94 | # QB: -2
Revenue Correlation: 81.55 | Revenue CAGR: 17.33% | SUE: 4.0 | # QB: 3
EPS current Quarter (2026-06-30): EPS=0.97 | Chg30d=N/A | Revisions=N/A | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.97 | Chg30d=N/A | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=3.78 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+3.9% | GrowthRev=-45.7%
EPS next Year (2027-12-31): EPS=5.15 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+36.3% | GrowthRev=+8.6%