F&G Annuities & Life, Inc. FG

Financials SIC 6311 - Life Insurance NAICS Finance and Insurance › Insurance Carriers and Related Activities › Insurance Carriers › Direct Life, Health, and Medical Insurance Carriers › Direct Life Insurance Carriers derived NYSE

Founded in 1959, F&G is a leading provider of insurance solutions serving retail annuity and life customers as well as institutional clients. Our mission is to help people turn their aspirations into reality. As of December 31, 2025, F&G has approximately 778,000 policyholders who count on the safety and protection of our fixed annuity and life insurance products. We also serve approximately 145,000 plan participants who will receive their pension payments from F&G through our pension risk transfer solutions.

Through our insurance subsidiaries, including Fidelity & Guaranty Life Insurance Company ("FGL Insurance") and Fidelity & Guaranty Life Insurance Company of New York ("FGL NY Insurance"), we market a broad portfolio of annuities, including fixed indexed annuities ("FIAs"), registered index-linked annuities ("RILAs"), (together referred to as "indexed annuities"), multi-year guarantee annuities ("MYGAs") as well as pension risk transfer ("PRT") solutions, indexed universal life ("IUL") insurance and institutional funding agreements.

Last close 20.66 2026-10-23
Market cap $2.71B 2026-06-30 share count
52-week range 18.75 - 35.33

Valuation FY2025 figures against the last close

P/S0.5x
P/E11.0x
P/FCF0.6x
EV/EBITDA—
Dividend yield—
Diluted EPS1.88

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue $5.73B$5.74B$4.50B$2.35B$3.97B——
Interest expense —$132.0M$97.0M$29.0M$29.0M——
Pre-tax income $300.0M$778.0M-$35.0M$793.0M$1.55B——
Income tax $52.0M$136.0M$23.0M$158.0M$320.0M——
Net income $248.0M$642.0M-$58.0M$635.0M$1.24B——
EPS, basic 1.894.98-0.475.5211.81——
EPS, diluted 1.884.88-0.475.5211.81——
Shares, diluted (wtd. avg.) 132.0M131.0M124.0M115.0M105.0M——

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash and equivalents $1.49B$2.26B$1.56B$960.0M$1.53B$889.0M$935.0M
Property, plant and equipment ———$13.0M$13.0M——
Goodwill $2.18B$2.18B$1.75B$1.75B$1.76B——
Other intangibles $551.0M$562.0M$200.0M$3.43B$2.23B——
Total assets $98.43B$84.93B$70.20B$54.63B$48.73B——
Long-term debt $2.24B$2.17B$1.75B$1.11B$977.0M——
Total liabilities $93.51B$80.86B$67.10B$52.22B$44.24B——
Retained earnings $2.57B$2.44B$1.93B$2.06B$1.00B——
Total equity $4.80B$3.95B$3.10B$2.40B$5.03B$4.07B$2.58B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating cash flow $4.68B$6.00B$5.83B$3.17B$1.87B——
Depreciation and amortisation $665.0M$569.0M$412.0M$324.0M$271.0M——
Investing cash flow -$8.43B-$7.95B-$8.92B-$9.37B-$6.86B——
Financing cash flow $2.97B$2.65B$3.69B$5.63B$5.63B——
Dividends paid ——$101.0M$0$0——
Buybacks $10.0M$12.0M$18.0M$0$0——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-052877.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B 0 2B 4B 6B Revenue, FY2021: 4B Net income, FY2021: 1.2B Revenue, FY2022: 2.3B Net income, FY2022: 635M Revenue, FY2023: 4.5B Net income, FY2023: -58M Revenue, FY2024: 5.7B Net income, FY2024: 642M Revenue, FY2025: 5.7B Net income, FY2025: 248M FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — — $3.97B $2.35B $4.50B $5.74B $5.73B
Gross profit — — — — — — —
Net income — — $1.24B $635.0M -$58.0M $642.0M $248.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 6311

TickerCompanyMarket capP/ERevenue growth
MET METLIFE INC $62.80B 21.0x 8.5%
PRU PRUDENTIAL FINANCIAL INC $39.67B 11.5x -13.7%
RGA REINSURANCE GROUP OF AMERICA INC $17.24B 14.9x 7.2%
CRBG Corebridge Financial, Inc. $15.21B — -1.2%
GL GLOBE LIFE INC. $11.90B 11.0x 3.7%
JXN Jackson Financial Inc. $8.82B — 104.3%
VOYA Voya Financial, Inc. $8.68B 15.2x 4.9%
PRI Primerica, Inc. $8.45B 12.0x 6.6%