F&G Annuities & Life Inc (FG) AI Stock Analysis

• Market Cap: $4.45B
• Dividend Yield: 2.66%
• Average Volume (3M): 164.32K
• Price to Earnings (P/E): 13.5
• Beta (1Y): 1.12
• Revenue Growth: 1.78%
• EPS Growth: 0.77%
• Country: US
• Employees: 1,300
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Life
• EPS (TTM): 0.77
• Shares Outstanding: 134,648,800
• 10 Day Avg. Volume: 209,203
• 30 Day Avg. Volume: 164,324
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.49
• Enterprise Value/Revenue: 1.25
• Enterprise Value/Gross Profit: 2.84
• Enterprise Value/Ebitda: 5.68
• 1Y Price Target: $37.00
• Price Target Upside: 11.92% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 79 Outperform
• Price Target: $39.00 ▲(17.97% Upside)

F&G Annuities & Life Inc demonstrates strong financial performance and positive earnings call sentiment, which are the primary drivers of its score. The stock's valuation is reasonable, and technical indicators suggest neutral momentum. The absence of significant corporate events does not impact the score.

F&G Annuities & Life Inc Business Overview & Revenue Model

Company Description

F&G Annuities & Life, Inc. provides fixed annuities and life insurance products. It serves 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. is a subsidiary of Fidelity National Financial, Inc.

How the Company Makes Money

F&G Annuities & Life Inc generates revenue through several key streams. Primarily, the company earns income from the sale of its annuity and life insurance products, which involve collecting premiums from policyholders. The company invests these premiums in various financial instruments, generating investment income that contributes significantly to its overall revenue. Additionally, F&G may earn fees from managing its investment portfolio and from the administration of its insurance products. Strategic partnerships with financial advisors and broker-dealers enhance distribution channels, further increasing sales and market reach. Overall, the company's revenue model relies on a combination of premium collection, investment income, and service fees, which collectively support its financial performance.

F&G Annuities & Life Inc Financial Statement Overview

Summary

F&G Annuities & Life Inc shows strong financial performance with significant revenue growth and improved profitability. The company has robust cash flow management, although the low Equity Ratio suggests a need for cautious liability management. Continued focus on enhancing Return on Equity could further strengthen its financial performance.

Income Statement

F&G Annuities & Life Inc has demonstrated significant revenue growth, with Total Revenue increasing from $1.43 billion in 2020 to $5.74 billion in 2024. The Gross Profit margin remains strong at 100% due to no cost of goods sold. Net Profit Margin improved to 10.83% in 2024 from a negative margin in 2023, indicating a turnaround in profitability. EBIT and EBITDA margins also reflected robust performance, particularly with the EBIT margin increasing to 15.49% in 2024. The strong revenue growth and improved profitability metrics contribute to a high score.

Balance Sheet

The company maintains a solid equity position with Stockholders' Equity increasing to $3.95 billion in 2024. The Debt-to-Equity ratio is low at 0.55, indicating prudent leverage management. However, the Return on Equity (ROE) is at a moderate 15.75%, suggesting scope for more efficient equity utilization. The Equity Ratio is low at 4.64%, reflecting a high reliance on liabilities, which could pose risks if not managed carefully.

Cash Flow

F&G Annuities & Life Inc has exhibited impressive cash flow performance, with Free Cash Flow growing consistently to $5.975 billion in 2024. The Operating Cash Flow to Net Income ratio is exceptionally strong at 9.64, indicating robust cash generation relative to net earnings. The Free Cash Flow to Net Income ratio is also high at 9.61, reinforcing the company's strong cash conversion capabilities. These metrics highlight excellent cash flow management, leading to a high score.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.31B	5.78B	4.54B	2.38B	3.97B	1.43B
Gross Profit	2.34B	5.78B	4.39B	2.38B	3.97B	1.43B
EBITDA	1.17B	1.48B	474.00M	1.15B	1.85B	139.00M
Net Income	340.00M	639.00M	-58.00M	635.00M	865.00M	-47.00M
Balance Sheet
Total Assets	91.82B	85.04B	70.20B	55.08B	48.73B	39.76B
Cash, Cash Equivalents and Short-Term Investments	52.08B	48.58B	41.98B	33.73B	31.87B	26.84B
Total Debt	2.23B	2.18B	1.76B	1.13B	991.00M	603.00M
Total Liabilities	87.26B	80.96B	67.10B	53.26B	44.24B	35.68B
Stockholders Equity	4.44B	3.95B	3.10B	1.82B	4.49B	4.07B
Cash Flow
Free Cash Flow	5.37B	5.97B	5.81B	3.14B	1.84B	35.00M
Operating Cash Flow	5.39B	6.00B	5.83B	3.17B	1.87B	63.00M
Investing Cash Flow	-9.10B	-7.95B	-8.92B	-9.37B	-6.86B	-2.59B
Financing Cash Flow	1.37B	2.65B	3.69B	5.63B	5.63B	2.52B

F&G Annuities & Life Inc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 33.06
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FG, the sentiment is Negative. The current price of 33.06 is below the 20-day moving average (MA) of 34.09, below the 50-day MA of 33.25, and below the 200-day MA of 36.30, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 39.62 is Neutral, neither overbought nor oversold. The STOCH value of 13.22 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FG.

F&G Annuities & Life Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FG	79 Outperform	$4.45B	13.48	8.40%	2.66%	1.78%	0.77%
CNO	73 Outperform	3.86B	14.67	16.17%	1.66%	0.82%	-29.29%
LNC	71 Outperform	7.78B	7.16	39.61%	4.44%	11.33%	-38.17%
BHF	71 Outperform	3.15B	5.78	7.82%	―	59.27%	0.00%
GNW	67 Neutral	3.71B	20.38	3.52%	―	2.61%	465.03%
JXN	63 Neutral	7.14B	-1,606.60	0.00%	3.03%	27.18%	-100.02%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

F&G Annuities & Life Inc Corporate Events

F&G Annuities Reports Q2 2025 Financial Results

On August 6, 2025, F&G Annuities & Life, Inc. reported its financial results for the second quarter ended June 30, 2025. The company achieved record assets under management of $69.2 billion, a 13% increase from the previous year, driven by strong retail sales. Despite a decrease in net earnings to $35 million from $198 million in the second quarter of 2024, adjusted net earnings were $103 million. The company highlighted excellent credit performance in its investment portfolio and maintained low credit-related impairments. F&G continues to focus on organic growth and capital returns to shareholders, with $35 million returned in the second quarter. The company remains on track to achieve its medium-term targets set during the 2023 Investor Day.

F&G Annuities Holds 2025 Annual Shareholders Meeting

On June 25, 2025, F&G Annuities & Life Inc. held its Annual Meeting of Shareholders, where key decisions were made, including the election of two Class III directors and the approval of a non-binding advisory resolution on executive compensation. Additionally, Ernst & Young LLP was ratified as the independent registered public accounting firm for the 2025 fiscal year, reflecting the company’s commitment to maintaining strong governance and financial oversight.