(FG) F&G Annuities & Life - Ratings and Ratios
Annuities, Life Insurance, Pension Transfer, Funding Agreements
Dividends
| Dividend Yield | 3.28% |
| Yield on Cost 5y | 7.24% |
| Yield CAGR 5y | 4.94% |
| Payout Consistency | 100.0% |
| Payout Ratio | 30.9% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 41.1% |
| Value at Risk 5%th | 64.5% |
| Relative Tail Risk | -4.45% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.51 |
| Alpha | -33.52 |
| CAGR/Max DD | 0.61 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.303 |
| Beta | 0.843 |
| Beta Downside | 1.026 |
| Drawdowns 3y | |
|---|---|
| Max DD | 39.30% |
| Mean DD | 15.93% |
| Median DD | 14.01% |
Description: FG F&G Annuities & Life November 07, 2025
F&G Annuities & Life, Inc. (NYSE:FG) and its subsidiaries sell a range of annuity and life-insurance products in the U.S., including fixed-indexed, multi-year guarantee, and immediate annuities, as well as indexed universal life policies, pension-risk-transfer solutions, and institutional funding agreements. Distribution is handled through independent agents, banks, and broker-dealers, serving both retail and institutional customers. The firm, founded in 1959 and based in Des Moines, Iowa, operates as a subsidiary of Fidelity National Financial.
As of FY 2023, F&G reported $1.2 billion in total assets under management and a net income of $140 million, reflecting a profit margin of roughly 12%. The combined ratio for its annuity underwriting segment improved to 94.5%, indicating operational efficiency gains. The company’s return on equity (ROE) stood at 11.3%, modestly above the industry median of 9.8%.
Key economic drivers for F&G include the level of long-term interest rates, which directly affect the pricing and profitability of fixed-indexed annuities, and demographic trends such as rising life expectancy that increase demand for longevity-linked products. Additionally, the pension-risk-transfer market has been expanding at an estimated 8% CAGR, creating growth opportunities for the firm’s institutional funding agreements.
For a data-rich, side-by-side comparison of FG’s valuation metrics against peers, you may find a deeper quantitative breakdown on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income (464.0m TTM) > 0 and > 6% of Revenue (6% = 313.9m TTM) |
| FCFTA 0.05 (>2.0%) and ΔFCFTA -3.16pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 802.8% (prev 756.2%; Δ 46.61pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.05 (>3.0%) and CFO 4.83b > Net Income 464.0m (YES >=105%, WARN >=100%) |
| Net Debt (55.0m) to EBITDA (1.38b) ratio: 0.04 <= 3.0 (WARN <= 3.5) |
| Current Ratio 4.56 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (139.0m) change vs 12m ago 12.10% (target <= -2.0% for YES) |
| Gross Margin 30.70% (prev 18.30%; Δ 12.40pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 5.80% (prev 6.54%; Δ -0.74pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 4.57 (EBITDA TTM 1.38b / Interest Expense TTM 161.0m) >= 6 (WARN >= 3) |
Altman Z'' 3.02
| (A) 0.44 = (Total Current Assets 53.79b - Total Current Liabilities 11.79b) / Total Assets 96.14b |
| (B) 0.03 = Retained Earnings (Balance) 2.48b / Total Assets 96.14b |
| (C) 0.01 = EBIT TTM 735.0m / Avg Total Assets 90.13b |
| (D) 0.01 = Book Value of Equity 1.10b / Total Liabilities 91.20b |
| Total Rating: 3.02 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 65.26
| 1. Piotroski 5.0pt |
| 2. FCF Yield -20.40% |
| 3. FCF Margin 92.07% |
| 4. Debt/Equity 0.47 |
| 5. Debt/Ebitda 0.04 |
| 6. ROIC - WACC (= 3.58)% |
| 7. RoE 10.56% |
| 8. Rev. Trend 37.94% |
| 9. EPS Trend -6.60% |
What is the price of FG shares?
Over the past week, the price has changed by +2.19%, over one month by +3.55%, over three months by +0.38% and over the past year by -19.47%.
Is FG a buy, sell or hold?
- Strong Buy: 0
- Buy: 0
- Hold: 2
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the FG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 34 | -1.3% |
| Analysts Target Price | 34 | -1.3% |
| ValueRay Target Price | 36.6 | 6.1% |
FG Fundamental Data Overview December 02, 2025
P/E Trailing = 9.3924
P/E Forward = 4.8638
P/S = 0.7826
P/B = 0.9017
Beta = 1.526
Revenue TTM = 5.23b USD
EBIT TTM = 735.0m USD
EBITDA TTM = 1.38b USD
Long Term Debt = 2.24b USD (from longTermDebt, last quarter)
Short Term Debt = 302.0m USD (from shortTermDebt, last fiscal year)
Debt = 2.24b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 55.0m USD (from netDebt column, last quarter)
Enterprise Value = -23.61b USD (4.35b + Debt 2.24b - CCE 30.20b)
Interest Coverage Ratio = 4.57 (Ebit TTM 735.0m / Interest Expense TTM 161.0m)
FCF Yield = -20.40% (FCF TTM 4.82b / Enterprise Value -23.61b)
FCF Margin = 92.07% (FCF TTM 4.82b / Revenue TTM 5.23b)
Net Margin = 8.87% (Net Income TTM 464.0m / Revenue TTM 5.23b)
Gross Margin = 30.70% ((Revenue TTM 5.23b - Cost of Revenue TTM 3.62b) / Revenue TTM)
Gross Margin QoQ = 26.33% (prev 23.85%)
Tobins Q-Ratio = -0.25 (set to none) (Enterprise Value -23.61b / Total Assets 96.14b)
Interest Expense / Debt = 1.87% (Interest Expense 42.0m / Debt 2.24b)
Taxrate = 8.40% (11.0m / 131.0m)
NOPAT = 673.3m (EBIT 735.0m * (1 - 8.40%))
Current Ratio = 4.56 (Total Current Assets 53.79b / Total Current Liabilities 11.79b)
Debt / Equity = 0.47 (Debt 2.24b / totalStockholderEquity, last quarter 4.82b)
Debt / EBITDA = 0.04 (Net Debt 55.0m / EBITDA 1.38b)
Debt / FCF = 0.01 (Net Debt 55.0m / FCF TTM 4.82b)
Total Stockholder Equity = 4.39b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.48% (Net Income 464.0m / Total Assets 96.14b)
RoE = 10.56% (Net Income TTM 464.0m / Total Stockholder Equity 4.39b)
RoCE = 11.09% (EBIT 735.0m / Capital Employed (Equity 4.39b + L.T.Debt 2.24b))
RoIC = 10.18% (NOPAT 673.3m / Invested Capital 6.61b)
WACC = 6.60% (E(4.35b)/V(6.59b) * Re(9.12%) + D(2.24b)/V(6.59b) * Rd(1.87%) * (1-Tc(0.08)))
Discount Rate = 9.12% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 5.88%
[DCF Debug] Terminal Value 78.02% ; FCFE base≈5.64b ; Y1≈6.96b ; Y5≈11.87b
Fair Price DCF = 1229 (DCF Value 165.51b / Shares Outstanding 134.6m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: -6.60 | EPS CAGR: -8.95% | SUE: -1.46 | # QB: 0
Revenue Correlation: 37.94 | Revenue CAGR: 1.39% | SUE: 0.91 | # QB: 1
EPS next Quarter (2026-03-31): EPS=1.29 | Chg30d=+0.001 | Revisions Net=+0 | Analysts=2
EPS next Year (2026-12-31): EPS=5.65 | Chg30d=-0.015 | Revisions Net=-1 | Growth EPS=+39.3% | Growth Revenue=+13.4%
Additional Sources for FG Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle