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F&G Annuities & Life Inc ( (FG) ) has shared an update.
F&G Annuities & Life reported on May 6, 2026, that first-quarter 2026 net earnings attributable to common shareholders rose to $244 million, or $1.78 per share, reversing a $25 million loss a year earlier, while adjusted net earnings increased to $110 million, or $0.82 per share. The quarter was marked by record $74.5 billion of assets under management before reinsurance, 11% growth year on year, gross sales of $3.2 billion driven by strong demand for retirement products, and continued low credit impairments in a predominantly investment-grade portfolio.
Management highlighted that adjusted return on equity excluding AOCI was 8.4% and adjusted return on assets was 0.76% for the quarter, reflecting asset growth, rising fee income from flow reinsurance and disciplined expenses despite alternative investment income running below long-term expectations. The company also reshaped its capital structure and reinsurance platform by closing the March 1, 2026 sale of F&G Life Re Ltd., adding Ancient Re as a flow reinsurance partner, and returning $67 million to shareholders through dividends and buybacks, with the board authorizing a new three-year, $100 million share repurchase program to support its shift toward a more fee-based, higher-margin, less capital-intensive model.
The most recent analyst rating on (FG) stock is a Hold with a $27.00 price target. To see the full list of analyst forecasts on F&G Annuities & Life Inc stock, see the FG Stock Forecast page.
Spark’s Take on FG Stock
According to Spark, TipRanks’ AI Analyst, FG is a Neutral.
The score is driven primarily by strong cash generation and a manageable leverage profile, tempered by volatile profitability and weaker returns in 2025. Valuation is supportive (moderate P/E and solid dividend yield), while technicals show mixed momentum (short-term strength but still below longer-term averages). Earnings call signals strategic progress and strong capital, but alternative-return underperformance and near-term variability remain key risks.
To see Spark’s full report on FG stock, click here.
More about F&G Annuities & Life Inc
F&G Annuities & Life Inc., listed on the NYSE under ticker FG, is a provider of insurance solutions focused on retail annuity and life products as well as institutional offerings. The company targets retirement and protection needs through indexed annuities, indexed universal life policies, pension risk transfer deals and opportunistic funding agreements and multiyear guaranteed annuities, supported by a diversified, largely investment-grade portfolio.
Average Trading Volume: 611,741
Technical Sentiment Signal: Sell
Current Market Cap: $3.84B
For a thorough assessment of FG stock, go to TipRanks’ Stock Analysis page.