Pricing Log in Create free account
Friday 6 November 2026 Export FG’s income statement to Excel — free account

F&G Annuities & Life, Inc.

FG Financial Insurance Life

F&G Annuities & Life, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.7 billion, roughly unchanged from fiscal 2024.

Revenue
+4.18%
EPS
−338.5%
Free cash flow
−8.11%
Total debt
+0.18%

Quarter to June 2026, against a year earlier

21.62 0.49 −2.22%
Market cap
$2.8B
P/E
7.2×
Fwd P/E
7.9×
Dividend yield
4.63%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.46
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — 1 — 2 — — — — — 1 — —
Sell — — — — — — — — — — — —
Insider Ownership 2.03%

Capital & Financial Ratios $m

Size
Market Cap 2,840.00
Revenue ttm 6,067.00
Net income ttm 424.00
Free cash flow ttm 4,325.00
Net debt Q 136.00
Valuation
P/E 7.21
Forward P/E 7.86
Price / sales 0.46
Forward P/S Powerpack
Price / FCF 0.65
Price / book 0.60
Financial health
Current ratio Q 0.30
Debt / equity Q 0.48
Interest coverage Q (1.29)
Growth
Revenue growth Q +4.18% (above 0%: growing)
Operating income growth Q −154.08% (below 0%: shrinking)
EPS, this year −20.22% (below 0%: weak)
EPS, next year A +57.68% (at or above 15%: strong)
Revenue, next year A −94.72% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +12.59%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 18.36%
10-year low 10-year high
P/S against its own 10 years 2.38%
10-year low 10-year high
P/B against its own 10 years 5.14%
10-year low 10-year high

Dividends

Yield
4.63%
Annual rate
1.00
Payout ratio
34.1%
Growth, 2023–26
−2.53%/yr
  1. 0.81 ’23
  2. 0.85 ’24 +5
  3. 0.91 ’25 +7
  4. 0.75 ’26 −18
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,563 2,264 1,486 2,103
Receivables 8,987 13,369 17,628 20,957
Inventory — — — —
Other — — — —
10,550 15,633 19,114 23,060
2023 2024 2025 Q'26
Payables 9,061 10,968 13,456 13,702
ST’ Debt — — — —
Other 48,798 56,404 62,726 64,398
57,859 67,372 76,182 78,100

Compound Annual Growth %

10y 5y 3y
Sales — 32.79% 34.62%
Cash Flow — 136.70% 13.86%
Earnings — 0.00% (26.90%)
Book Value — 0.00% 26.92%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.78 Actual 0.65

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY25 0.64 0.77 Beat by 0.13
Q3 FY25 1.02 1.22 Beat by 0.20
Q4 FY25 1.34 0.91 Miss by 0.43
Q2 FY26 0.78 0.65 Miss by 0.13
Q3 FY26 0.66 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 1.78 (0.62) — — —
’25 (0.20) 0.26 0.85 0.92 1.88
’24 0.88 1.55 (0.08) 2.50 4.88
’23 (1.56) 1.04 2.45 (2.41) (0.47)
’22 2.28 3.60 1.50 (0.80) 5.52
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,187 1,421 — — —
’25 908 1,364 1,694 1,765 5,731
’24 1,569 1,172 1,444 1,559 5,744
’23 869 1,168 851 1,612 4,500
’22 750 70 902 623 2,349
’21 — — — — 3,974
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 743 1,487 — — —
’25 956 1,620 937 1,168 4,681
’24 1,534 1,055 2,090 1,320 5,999
’23 1,437 1,380 795 2,222 5,834
’22 423 305 1,160 1,283 3,171
’21 — — — 1,871 1,871
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 741 1,485 — — —
’25 951 1,616 934 1,165 4,666
’24 1,527 1,050 2,083 1,315 5,975
’23 1,431 1,372 788 2,216 5,807
’22 412 296 1,153 1,278 3,139
’21 — — — 1,838 1,838
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — — 1,388 3,974 2,349 4,500 5,744 5,731 6,067 +32.8% 303 338 362 (60.2%)
Gross margin, % — — — — 16.14 52.49 59.81 18.93 34.44 27.94 30.01 +11.8 pt
EBT — — — — (128) 1,552 793 (35) 778 323 521 n/m
EBT margin, % — — — — (9.22) 39.05 33.76 (0.78) 13.54 5.64 8.59 +14.9 pt
Net income — — — — (178) 1,240 635 (58) 642 271 424 n/m
Per share, $
Per share, $ Revenue — — — — 0.00 37.85 20.43 36.29 45.95 43.75 46.67 n/m
Earnings — — — — — 11.81 5.52 (0.47) 4.98 1.89 3.00 (36.8%)
Cash flow — — — — 0.00 17.82 27.57 47.05 47.99 35.73 33.35 n/m
Capex — — — — 0.00 (0.31) (0.28) (0.22) (0.19) (0.11) (0.08) n/m
Free cash flow — — — — 0.00 17.50 27.30 46.83 47.80 35.62 33.27 n/m
Book value — — — — 0.00 42.71 20.91 25.02 32.61 37.53 36.11 n/m
Shares, m — — — — — 105 115 124 125 131 132 +5.7%
Valuation, ×
Valuation, × P/E — — — — 3.05 3.05 3.05 0.00 8.29 16.68 7.21 5.7
P/S — — — — 0.00 0.00 1.07 1.25 0.90 0.71 0.46 0.7
P/B — — — — 0.47 0.47 1.04 1.81 1.27 0.82 0.60 1.0
EV/Sales — — — — 0.00 0.00 1.14 1.29 0.89 0.84 — 0.7
EV/FCF — — — — 0.42 0.42 0.85 1.00 0.85 1.03 — 0.8
Cash, $m
Cash, $m Operating cash flow — — — — 63 1,871 3,171 5,834 5,999 4,681 4,335 +136.7%
Capex — — — — (28) (33) (32) (27) (24) (15) (10) (11.7%)
Free cash flow — — — — 35 1,838 3,139 5,807 5,975 4,666 4,325 +166.1%
Balance, $m
Balance, $m Working capital — — — — — (36,358) (40,719) (47,309) (51,739) (57,068) (55,040) +11.9%
Net debt — — — — — (556) 154 191 (93) 751 136 n/m
Shareholders’ equity — — — — — 4,485 2,405 3,103 4,076 4,917 4,694 +2.3%
Returns, %
Returns, % ROA — — — — 0.00 5.09 1.23 (0.09) 0.80 0.27 0.41 +0.3 pt
ROIC — — — — 0.00 25.15 20.08 1.18 14.28 5.37 8.88 +5.4 pt
ROE — — — — 0.00 0.00 18.43 (2.11) 17.33 5.52 8.67 +5.5 pt
People
People Employees — — — — — — 872 1,165 1,338 1,173 — +10.4%
Revenue/emp, $m — — — — 0.00 0.00 2.69 3.86 4.29 4.89 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

F&G Annuities & Life, Inc. vs peers in Insurance Life (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
UNM Unum Group $11.7B 52.2× 12.9× −24.59% (below 0%: shrinking) n/m +231.54% (above 0%: growing) 11.62% (19.45%) Compare
PRI Primerica, Inc. $8.9B 11.3× 11.1× +7.36% (above 0%: growing) +6.45% (above 0%: growing) +45.73% (above 0%: growing) 0.00% 0.00% Compare
JXN Jackson Financial Inc. $8.8B 10.6× 11.7× +8.90% (above 0%: growing) +1,269.71% (above 0%: growing) +3.43% (above 0%: growing) 17.70% 67.25% Compare
LNC Lincoln National Corporation $7.5B 2.4× 4.5× +20.33% (above 0%: growing) +220.93% (above 0%: growing) +176.69% (above 0%: growing) 0.00% 0.00% Compare
CNO CNO Financial Group, Inc. $5.2B 12.6× 14.0× −8.64% (below 0%: shrinking) +628.08% (above 0%: growing) +7.63% (above 0%: growing) 55.45% 26.20% Compare
GNW Genworth Financial, Inc. $3.4B 68.8× 26.2× −7.29% (below 0%: shrinking) n/m +14.94% (above 0%: growing) 23.86% 1.34% Compare
FG F&G Annuities & Life, Inc. $2.8B 7.2× 7.9× +4.18% (above 0%: growing) n/m −8.11% (below 0%: shrinking) 16.89% (3.73%)
BHF Brighthouse Financial, Inc. $2.4B 4.2× 3.4× −53.03% (below 0%: shrinking) −33.97% (below 0%: shrinking) −506.84% (below 0%: shrinking) 0.00% 47.36% Compare
ABX Abacus Global Management, Inc. $855.7M 31.4× — +29.87% (above 0%: growing) −61.11% (below 0%: shrinking) −49.65% (below 0%: shrinking) 87.59% 29.41% Compare
Median of peers $6.3B 12.0× 11.7× +0.03% +113.69% +11.29% 14.66% 13.77%

All 17 Insurance Life stocks →

Pay and ownership Proxy statement filed 30 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 10.88m 6.33m 174.38
2024 11.18m 9.67m 228.18
2023 10.59m 19.43m 247.92
2022 10.38m 5.95m 104.60
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

F&G Annuities & Life, Inc. (FG) Latest News

5 Nov

Impact 3 · · PR Newswire
Impact 3 · · PR Newswire

29 Oct

Impact 3 · · Zacks

22 Oct

Impact 3 · · 24/7 Wall St.

16 Oct

Impact 3 · · Insider Monkey

15 Oct

Impact 4 · · PR Newswire

16 Sep

Impact 4 · · MarketBeat

12 Aug

Impact 3 · · The Motley Fool transcript

9 Aug

Impact 3 ·

8 Aug

Impact 3 · · MarketBeat

6 Aug

Impact 4 · · Moby

5 Aug

Impact 3 ·
Impact 3 ·

16 May

Impact 3 · · StockStory

12 May

Impact 4 · · Simply Wall St.

10 May

Impact 4 · · MarketBeat

7 May

Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby

6 May

Impact 3 · · PR Newswire
Impact 3 · · PR Newswire

17 Mar

Impact 4 · · Simply Wall St.

16 Mar

Impact 4 · · Simply Wall St.
Impact 4 · · PR Newswire

27 Feb

Impact 4 · · Simply Wall St.

25 Feb

Impact 4 · · PR Newswire

24 Feb

Impact 4 · · lifeinsuranceinternational.com

23 Feb

Impact 4 · · MarketBeat
Impact 4 · · Business Wire

20 Feb

Impact 4 · · GuruFocus.com
Impact 4 · · Moby

FG metrics, ten years each

stockrow.com/FG · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com