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F&G Annuities & Life, Inc.

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Key Metrics

Previous Close: $23.56
52-Week Range: $20.57 – $35.60
Market Cap: $2.96B
P/E (TTM): 7.75
EPS (TTM): 2.92
Dividend Yield: 4.24%

Advanced Metrics

Price/Book: 0.64
PEG Ratio: —
Return on Equity: 9.17%
Return on Assets: 0.44%
Gross Margin: 32.77%
Operating Margin: -3.73%
Profit Margin: 6.89%
Current Ratio: 0.94
Debt/Equity: 0.49
Total Debt: $2.29B
Free Cash Flow: $2.27B
Revenue Growth: 4.20%
Earnings Growth: —
Enterprise Value: $2.67B

FG Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$2.24B	$4.27B	$5.42B	$5.43B
Selling, General & Admin	$157.00M	$232.00M	$296.00M	$293.00M
Pretax Income	$793.00M	-$35.00M	$778.00M	$323.00M
Income Tax	$158.00M	$23.00M	$136.00M	$52.00M
Net Income	$635.00M	-$58.00M	$639.00M	$265.00M
Diluted EPS	5.52	-0.47	4.88	1.88
Diluted Shares	115.00M	124.00M	131.00M	132.00M

FG Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$960.00M	$1.56B	$2.26B	$1.49B
Receivables	$5.45B	$8.99B	$13.37B	$17.63B
Total Assets	$54.63B	$70.20B	$84.93B	$98.43B
Long-Term Debt	$1.11B	$1.75B	$2.17B	$2.24B
Total Debt	$1.13B	$1.76B	$2.19B	$2.26B
Total Liabilities	$52.22B	$67.10B	$80.86B	$93.51B
Retained Earnings	$2.06B	$1.93B	$2.44B	$2.57B
Shareholders' Equity	$2.40B	$3.10B	$3.95B	$4.80B
Net Debt	$154.00M	$191.00M	—	$751.00M

FG Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$3.17B	$5.83B	$6.00B	$4.68B
Capital Expenditure	-$32.00M	-$27.00M	-$24.00M	-$15.00M
Free Cash Flow	$3.14B	$5.81B	$5.97B	$4.67B
Depreciation & Amortisation	$324.00M	$412.00M	$569.00M	$665.00M
Stock-Based Compensation	$12.00M	$23.00M	$29.00M	$31.00M
Investing Cash Flow	-$9.37B	-$8.92B	-$7.95B	-$8.43B
Financing Cash Flow	$5.63B	$3.69B	$2.65B	$2.97B
Dividends Paid	$0.00	-$101.00M	-$121.00M	-$137.00M
Share Repurchases	$0.00	-$18.00M	-$12.00M	-$10.00M
Net Change in Cash	-$573.00M	$603.00M	$701.00M	-$778.00M

FG Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$854.00M	$1.30B	$1.60B	$1.67B	$1.09B
Selling, General & Admin	$67.00M	$77.00M	$79.00M	$70.00M	$60.00M
Pretax Income	-$26.00M	$57.00M	$131.00M	$161.00M	$323.00M
Income Tax	-$5.00M	$15.00M	$11.00M	$31.00M	$74.00M
Net Income	-$21.00M	$40.00M	$118.00M	$128.00M	$249.00M
Diluted EPS	-0.20	0.26	0.85	—	1.78
Diluted Shares	126.00M	134.00M	139.00M	—	139.00M

FG Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$3.29B	$1.88B	$2.19B	$1.49B	$1.32B
Receivables	$14.75B	$15.78B	$16.91B	$17.63B	$20.05B
Total Assets	$88.01B	$91.82B	$96.14B	$98.43B	$101.03B
Long-Term Debt	$2.23B	$2.23B	$2.24B	$2.24B	$2.24B
Total Debt	$2.24B	$2.24B	$2.24B	$2.26B	$2.25B
Total Liabilities	$83.52B	$87.26B	$91.20B	$93.51B	$96.28B
Retained Earnings	$2.39B	$2.39B	$2.48B	$2.57B	$2.78B
Shareholders' Equity	$4.36B	$4.44B	$4.82B	$4.80B	$4.64B
Net Debt	—	$351.00M	$47.00M	$751.00M	$914.00M

FG Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$956.00M	$1.62B	$937.00M	$1.17B	$743.00M
Capital Expenditure	-$5.00M	-$4.00M	-$3.00M	-$3.00M	-$2.00M
Free Cash Flow	$951.00M	$1.62B	$934.00M	$1.17B	$741.00M
Depreciation & Amortisation	$153.00M	$158.00M	$180.00M	$174.00M	$173.00M
Stock-Based Compensation	$8.00M	$6.00M	$8.00M	$9.00M	$9.00M
Investing Cash Flow	-$809.00M	-$3.46B	-$1.87B	-$2.29B	-$939.00M
Financing Cash Flow	$882.00M	$435.00M	$1.24B	$416.00M	$34.00M
Dividends Paid	-$30.00M	-$35.00M	-$33.00M	-$39.00M	-$38.00M
Share Repurchases	-$3.00M	$0.00	$0.00	-$7.00M	-$29.00M
Net Change in Cash	$1.03B	-$1.41B	$305.00M	-$703.00M	-$162.00M

Market Snapshot

About

F&G Annuities & Life, Inc. is a leading provider of annuity and life insurance products in the United States. The company focuses on fixed and fixed indexed annuities, offering retirement income solutions to individuals and institutions. F&G operates through independent marketing organizations, financial institutions, and broker-dealers to distribute its products. The company was formerly part of Fidelity National Financial before becoming an independent publicly-traded entity. F&G emphasizes asset-liability management and maintains a diversified investment portfolio to support its insurance obligations. The firm serves middle-income Americans seeking guaranteed retirement income and principal protection.