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

• Market Cap: $4.30B
• Dividend Yield: 2.73%
• Average Volume (3M): 164.66K
• Price to Earnings (P/E): 8.6
• Beta (1Y): 1.05
• Revenue Growth: -1.72%
• EPS Growth: 95.91%
• Country: US
• Employees: 1,300
• Sector: Financial
• Sector Strength: 72
• Industry: Insurance - Life
• EPS (TTM): 0.72
• Shares Outstanding: 134,762,570
• 10 Day Avg. Volume: 146,929
• 30 Day Avg. Volume: 164,655
• PEG Ratio: -0.35
• Price to Book (P/B): 0.89
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.77
• Enterprise Value/Market Cap: 0.72
• Enterprise Value/Revenue: 0.16
• Enterprise Value/Gross Profit: 0.91
• Enterprise Value/Ebitda: 2.42
• 1Y Price Target: $35.50
• Price Target Upside: 11.18% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 70 Outperform
• Price Target: $35.00 ▲(9.61%Upside)

F&G Annuities & Life Inc shows a strong financial foundation with notable revenue and cash flow growth. However, technical indicators and earnings call sentiments present mixed signals, while recent corporate events weigh negatively due to reported net losses. Valuation remains a bright spot with attractive metrics.

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

Company Description

F&G Annuities & Life Inc (FG) is a leading provider in the financial services industry, specializing in the design and issuance of annuity and life insurance products. The company operates primarily in the sectors of retirement planning and life insurance, offering a range of fixed indexed annuities, fixed rate annuities, and indexed universal life insurance products. F&G aims to help individuals achieve financial security and peace of mind, focusing on innovative solutions tailored to the needs of their clients.

How the Company Makes Money

F&G Annuities & Life Inc generates revenue primarily through the sale of annuity and life insurance products. The company's key revenue streams include the premiums collected from policyholders for insurance coverage and annuity contracts. F&G invests these premiums in a diversified portfolio of assets, earning investment income that contributes to its overall profitability. Additionally, F&G may benefit from fees associated with the management and administration of its products. Strategic partnerships with financial advisors and distribution networks also play a significant role in expanding its market reach and driving sales.

F&G Annuities & Life Inc Financial Statement Overview

Summary

F&G Annuities & Life Inc has shown strong financial performance with significant revenue growth and improved profitability. The cash flow is robust, with excellent cash generation relative to earnings. However, a low Equity Ratio indicates reliance on liabilities, requiring careful management.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.66B	4.54B	2.23B	3.37B	1.43B
Gross Profit	5.42B	4.39B	2.13B	3.37B	1.43B
EBITDA	1.46B	474.00M	0.00	0.00	139.00M
Net Income	639.00M	-58.00M	481.00M	865.00M	-47.00M
Balance Sheet
Total Assets	85.04B	70.20B	55.08B	48.73B	39.76B
Cash, Cash Equivalents and Short-Term Investments	48.58B	41.98B	33.73B	31.87B	26.84B
Total Debt	2.18B	1.76B	1.13B	991.00M	603.00M
Total Liabilities	80.96B	67.10B	53.26B	44.24B	35.68B
Stockholders Equity	3.95B	3.10B	1.82B	4.49B	4.07B
Cash Flow
Free Cash Flow	5.97B	5.81B	3.14B	1.84B	35.00M
Operating Cash Flow	6.00B	5.83B	3.17B	1.87B	63.00M
Investing Cash Flow	-7.95B	-8.92B	-9.37B	-6.86B	-2.59B
Financing Cash Flow	2.65B	3.69B	5.63B	5.63B	2.52B

F&G Annuities & Life Inc Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 31.93
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FG, the sentiment is Neutral. The current price of 31.93 is above the 20-day moving average (MA) of 31.45, above the 50-day MA of 31.65, and below the 200-day MA of 38.58, indicating a neutral trend. The MACD of -0.17 indicates Negative momentum. The RSI at 53.55 is Neutral, neither overbought nor oversold. The STOCH value of 94.60 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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
GNW	73 Outperform	$3.09B	15.14	2.73%	―	0.98%	156.14%
FG	70 Outperform	$4.30B	8.62	12.72%	2.73%	-1.72%	95.91%
JXN	69 Neutral	$6.39B	87.17	1.24%	3.35%	3.55%	8.91%
Sector *	68 Neutral	$17.10B	11.44	9.70%	3.58%	11.11%	-4.78%
LNC	65 Neutral	$5.93B	5.01	16.91%	5.18%	8.31%	-2.30%
CNO	61 Neutral	$3.70B	13.10	12.47%	1.74%	-0.78%	-16.22%
BHF	49 Neutral	$2.90B	6.04	13.00%	―	142.17%	―

F&G Annuities & Life Inc Corporate Events

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.

The most recent analyst rating on (FG) stock is a Hold with a $47.00 price target. To see the full list of analyst forecasts on F&G Annuities & Life Inc stock, see the FG Stock Forecast page.

F&G Annuities Reports Q1 2025 Net Loss Amid Growth

On May 7, 2025, F&G Annuities & Life, Inc. reported a net loss of $25 million for the first quarter of 2025, compared to net earnings of $111 million in the same period of 2024. Despite the loss, the company achieved record assets under management of $67.4 billion, driven by strong indexed annuity sales. F&G also completed a public offering of 8 million shares, raising nearly $269 million to support organic growth opportunities. The company remains focused on optimizing capital allocation and maintaining high credit quality in its investment portfolio, positioning itself to succeed amid economic uncertainties.