F&G Annuities & Life, Inc. (FG)
F&G Annuities & Life, Inc., together with its subsidiaries, provides annuity and life insurance products in the United States. It offers fixed indexed annuities registered index-linked annuities, pension risk transfer and indexed universal life, and multi-year guarantee annuities; immediate annuities; indexed universal life insurance; pension risk transfer solutions; and institutional funding agreements. The company distributes its products through independent agents, banks, and broker-dealers to retail annuity and life customers, as well as institutional clients. The company was founded in 1959 and is headquartered in Des Moines, Iowa. F&G Annuities & Life, Inc. operates as a subsidiary of Fidelity National Financial, Inc.
- Symbol
- FG
- Exchange
- NYSE
- Sector
- Financial Services
- Industry
- Insurance - Life
- Market cap
- $2.84B
- 52 week range
- 20.57 - 35.33
Valuation
- Share price
- $21.69 (close of 2026-09-23)
- P/E (TTM)
- 7.13x
- Price to book
- 0.61x
- Price to free cash flow
- 0.66x
- Enterprise value
- $2.99B
- Book value per share
- $35.85
Price performance
| Period | Change |
|---|
| 1 day | -5.12% |
| 5 days | -7.78% |
| 1 month | -3.90% |
| 3 months | -22.09% |
| 6 months | -9.17% |
| Year to date | -29.69% |
| 1 year | -33.93% |
| 3 years | -24.84% |
| All time | +29.49% |
Profitability and growth
- Return on equity
- 5.39%
- Return on assets
- 0.27%
- Net margin
- 4.62%
- EBITDA margin
- 20.00%
- Revenue growth
- -0.23%
- Net income growth
- -58.53%
- Free cash flow growth
- -21.97%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 152.64%
- Net debt to EBITDA
- 0.11x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $5.73B
- EBITDA
- $1.15B
- Net income
- $265.00M
- Earnings per share
- $1.89
- Interest expense
- $164.00M
- Shares outstanding
- 131.00M
Income statement by year
| Period end | Revenue | Net income | EPS |
|---|
| 2025-12-31 | $5.73B | $265.00M | $1.89 |
| 2024-12-31 | $5.74B | $639.00M | $4.98 |
| 2023-12-31 | $4.50B | $-58.00M | $-0.47 |
| 2022-12-31 | $2.35B | $635.00M | $5.52 |
| 2021-12-31 | $3.97B | $1.24B | $11.81 |
Margins and returns by year
| Period end | Net margin | Return on equity |
|---|
| 2025-12-31 | 4.62% | 5.39% |
| 2024-12-31 | 11.12% | 15.68% |
| 2023-12-31 | -1.29% | -1.87% |
| 2022-12-31 | 27.03% | 26.40% |
| 2021-12-31 | 31.20% | 24.63% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $1.49B | $2.24B |
| 2024-12-31 | $2.26B | $2.17B |
| 2023-12-31 | $1.56B | $1.75B |
| 2022-12-31 | $960.00M | $1.11B |
| 2021-12-31 | $1.53B | $977.00M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $4.68B | $31.00M |
| 2024-12-31 | $6.00B | $29.00M |
| 2023-12-31 | $5.83B | $23.00M |
| 2022-12-31 | $3.17B | $12.00M |
| 2021-12-31 | $1.87B | $9.00M |
Dividend history
- Most recent payment
- 2026-09-16
- Paid in the last twelve months
- $1.00
| Payment date | Dividend per share |
|---|
| 2026-09-16 | $0.25 |
| 2026-06-16 | $0.25 |
| 2026-03-17 | $0.25 |
| 2025-12-17 | $0.25 |
| 2025-09-16 | $0.22 |
| 2025-06-16 | $0.22 |
| 2025-03-17 | $0.22 |
| 2024-12-17 | $0.22 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-05
- Consensus EPS estimate
- $0.77
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-05 | Jun/2026 | $0.78 |
| 2026-05-06 | - | - |
| 2026-02-19 | - | - |
| 2025-11-06 | - | - |
| 2025-08-06 | - | - |
| 2025-05-07 | - | - |
| 2025-02-20 | - | - |
| 2024-11-06 | - | - |
Filings and sources
- Company website
- fglife.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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