FG
F&G Annuities & Life, Inc.
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Latest Quote
$23.80
| Previous Close | $23.99 |
| Open | $23.85 |
| Day High | $24.17 |
| Day Low | $23.61 |
| Volume | 482,653 |
Stock Information
| Quarterly Dividend / Yield | $1.00 / 4.17% |
| Shares Outstanding | 130.94M |
| Quarterly Dividend Yield | 4.17% |
| Quarterly Dividend | $1.00 |
| Total Debt | $2.29B |
| Cash Equivalents | $2.67B |
| Revenue | $6.07B |
| Net Income | $401.00M |
| Sector | Financial Services |
| Industry | Insurance - Life |
| Market Cap | $3.12B |
| P/E Ratio | 7.88 |
| EPS (TTM) | $3.02 |
| Exchange | NYQ |
Recent Price History
About F&G Annuities & Life, Inc.
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.
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Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Total Revenue | $5,429,000,000 | $5,421,000,000 | $4,271,000,000 | $2,239,000,000 |
| Operating Revenue | $5,429,000,000 | $5,421,000,000 | $4,271,000,000 | $2,239,000,000 |
| Expenses | ||||
| Interest Expense | $164,000,000 | $132,000,000 | $97,000,000 | $29,000,000 |
| Total Expenses | $5,106,000,000 | $4,643,000,000 | $4,306,000,000 | $1,446,000,000 |
| Other Income Expense | $89,000,000 | $81,000,000 | - | $58,000,000 |
| Net Non Operating Interest Income Expense | $-164,000,000 | $-132,000,000 | $-97,000,000 | $-29,000,000 |
| Interest Expense Non Operating | $164,000,000 | $132,000,000 | $97,000,000 | $29,000,000 |
| Other Operating Expenses | $323,000,000 | $178,000,000 | $241,000,000 | $-80,000,000 |
| General And Administrative Expense | $293,000,000 | $296,000,000 | $232,000,000 | $157,000,000 |
| Loss Adjustment Expense | $2,104,000,000 | $2,095,000,000 | $2,722,000,000 | $533,000,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $265,000,000 | $639,000,000 | $-58,000,000 | $635,000,000 |
| Net Interest Income | $-164,000,000 | $-132,000,000 | $-97,000,000 | $-29,000,000 |
| Interest Income | $2,758,000,000 | $2,659,000,000 | $2,209,000,000 | $1,716,000,000 |
| Normalized Income | $265,000,000 | $639,000,000 | $-58,000,000 | $635,000,000 |
| Net Income From Continuing And Discontinued Operation | $265,000,000 | $639,000,000 | $-58,000,000 | $635,000,000 |
| Net Income Common Stockholders | $248,000,000 | $622,000,000 | $-58,000,000 | $635,000,000 |
| Net Income | $265,000,000 | $639,000,000 | $-58,000,000 | $635,000,000 |
| Net Income Including Noncontrolling Interests | $271,000,000 | $642,000,000 | $-58,000,000 | $635,000,000 |
| Net Income Continuous Operations | $271,000,000 | $642,000,000 | $-58,000,000 | $635,000,000 |
| Pretax Income | $323,000,000 | $778,000,000 | $-35,000,000 | $793,000,000 |
| Depreciation And Amortization In Income Statement | $665,000,000 | $569,000,000 | $412,000,000 | $324,000,000 |
| Net Income Discontinuous Operations | - | - | $0 | $0 |
| Interest Income Non Operating | - | - | - | $1,431,000,000 |
| Per Share | ||||
| Diluted EPS | $1.88 | $4.88 | $-0.47 | $5.52 |
| Basic EPS | $1.89 | $4.98 | $-0.47 | $5.52 |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $0 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Reconciled Depreciation | $665,000,000 | $569,000,000 | $412,000,000 | $324,000,000 |
| EBIT | $487,000,000 | $910,000,000 | $62,000,000 | $822,000,000 |
| Diluted Average Shares | $132,000,000 | $131,000,000 | $124,000,000 | $115,000,000 |
| Basic Average Shares | $131,000,000 | $125,000,000 | $124,000,000 | $115,000,000 |
| Diluted NI Availto Com Stockholders | $248,000,000 | $622,000,000 | $-58,000,000 | $635,000,000 |
| Preferred Stock Dividends | $17,000,000 | $17,000,000 | - | - |
| Minority Interests | $-6,000,000 | $-3,000,000 | $0 | $0 |
| Tax Provision | $52,000,000 | $136,000,000 | $23,000,000 | $158,000,000 |
| Selling General And Administration | $293,000,000 | $296,000,000 | $232,000,000 | $157,000,000 |
| Salaries And Wages | $293,000,000 | $296,000,000 | $232,000,000 | $157,000,000 |
| Net Policyholder Benefits And Claims | $2,104,000,000 | $2,095,000,000 | $2,722,000,000 | $533,000,000 |
| Policyholder Benefits Gross | $2,104,000,000 | $2,095,000,000 | $2,722,000,000 | $533,000,000 |
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $-3,651,000,000 | $-3,800,000,000 | $-2,853,000,000 | $-2,773,000,000 |
| Total Assets | $98,430,000,000 | $84,931,000,000 | $70,202,000,000 | $54,628,000,000 |
| Goodwill And Other Intangible Assets | $8,455,000,000 | $7,751,000,000 | $5,956,000,000 | $5,178,000,000 |
| Other Intangible Assets | $6,275,000,000 | $5,572,000,000 | $4,207,000,000 | $3,429,000,000 |
| Receivables | $17,628,000,000 | $13,369,000,000 | $8,987,000,000 | $5,445,000,000 |
| Taxes Receivable | $83,000,000 | $0 | $27,000,000 | $28,000,000 |
| Accounts Receivable | $17,545,000,000 | $13,369,000,000 | $8,960,000,000 | $5,417,000,000 |
| Cash Cash Equivalents And Short Term Investments | $29,591,000,000 | $50,991,000,000 | $43,434,000,000 | $33,734,000,000 |
| Cash And Cash Equivalents | $1,486,000,000 | $2,264,000,000 | $1,563,000,000 | $960,000,000 |
| Prepaid Assets | - | - | $931,000,000 | $941,000,000 |
| Debt | ||||
| Net Debt | $751,000,000 | - | $191,000,000 | $154,000,000 |
| Total Debt | $2,261,000,000 | $2,191,000,000 | $1,765,000,000 | $1,127,000,000 |
| Long Term Debt And Capital Lease Obligation | $2,261,000,000 | $2,191,000,000 | $1,765,000,000 | $1,127,000,000 |
| Long Term Debt | $2,237,000,000 | $2,171,000,000 | $1,754,000,000 | $1,114,000,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $93,513,000,000 | $80,855,000,000 | $67,099,000,000 | $52,223,000,000 |
| Derivative Product Liabilities | $928,000,000 | $679,000,000 | $588,000,000 | $178,000,000 |
| Payables And Accrued Expenses | $1,098,000,000 | $1,022,000,000 | $1,050,000,000 | $794,000,000 |
| Interest Payable | $34,000,000 | $31,000,000 | $23,000,000 | - |
| Payables | $349,000,000 | $312,000,000 | $399,000,000 | $235,000,000 |
| Other Payable | $102,000,000 | $100,000,000 | $21,000,000 | $4,000,000 |
| Total Tax Payable | $0 | $5,000,000 | $0 | $5,000,000 |
| Income Tax Payable | $0 | $5,000,000 | $0 | $5,000,000 |
| Accounts Payable | $247,000,000 | $207,000,000 | $378,000,000 | $231,000,000 |
| Non Current Deferred Liabilities | - | - | - | $203,000,000 |
| Non Current Deferred Taxes Liabilities | - | - | - | - |
| Equity | ||||
| Common Stock Equity | $4,804,000,000 | $3,951,000,000 | $3,103,000,000 | $2,405,000,000 |
| Total Equity Gross Minority Interest | $4,917,000,000 | $4,076,000,000 | $3,103,000,000 | $2,405,000,000 |
| Stockholders Equity | $4,804,000,000 | $3,951,000,000 | $3,103,000,000 | $2,405,000,000 |
| Gains Losses Not Affecting Retained Earnings | $-1,488,000,000 | $-1,923,000,000 | $-1,990,000,000 | $-2,818,000,000 |
| Other Equity Adjustments | $-1,488,000,000 | $-1,923,000,000 | $-1,990,000,000 | $-2,818,000,000 |
| Retained Earnings | $2,568,000,000 | $2,440,000,000 | $1,926,000,000 | $2,061,000,000 |
| Long Term Equity Investment | $4,878,000,000 | $3,565,000,000 | $3,071,000,000 | $2,455,000,000 |
| Investments In Other Ventures Under Equity Method | $4,878,000,000 | $3,565,000,000 | $3,071,000,000 | $2,455,000,000 |
| Other | ||||
| Treasury Shares Number | $1,445,814 | $1,159,299 | $902,760 | - |
| Ordinary Shares Number | $135,610,292 | $126,792,844 | $126,332,142 | $126,409,904 |
| Share Issued | $137,056,106 | $127,952,143 | $127,234,902 | $126,409,904 |
| Tangible Book Value | $-3,651,000,000 | $-3,800,000,000 | $-2,853,000,000 | $-2,773,000,000 |
| Invested Capital | $7,041,000,000 | $6,122,000,000 | $4,857,000,000 | $3,519,000,000 |
| Capital Lease Obligations | $24,000,000 | $20,000,000 | $11,000,000 | $13,000,000 |
| Total Capitalization | $7,041,000,000 | $6,122,000,000 | $4,857,000,000 | $3,519,000,000 |
| Minority Interest | $113,000,000 | $125,000,000 | $0 | - |
| Treasury Stock | $40,000,000 | $30,000,000 | $18,000,000 | $0 |
| Additional Paid In Capital | $3,764,000,000 | $3,464,000,000 | $3,185,000,000 | $3,162,000,000 |
| Capital Stock | $0 | $0 | $0 | $0 |
| Common Stock | $0 | $0 | $0 | $0 |
| Preferred Stock | $0 | $0 | $0 | - |
| Long Term Capital Lease Obligation | $24,000,000 | $20,000,000 | $11,000,000 | $13,000,000 |
| Current Accrued Expenses | $749,000,000 | $710,000,000 | $651,000,000 | $559,000,000 |
| Investments And Advances | $58,962,000,000 | $52,707,000,000 | $45,548,000,000 | $36,052,000,000 |
| Goodwill | $2,180,000,000 | $2,179,000,000 | $1,749,000,000 | $1,749,000,000 |
| Other Short Term Investments | $28,105,000,000 | $48,727,000,000 | $41,871,000,000 | $32,774,000,000 |
| Non Current Deferred Revenue | - | - | - | $203,000,000 |
| Net PPE | - | - | - | $21,000,000 |
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $4,666,000,000 | $5,975,000,000 | $5,807,000,000 | $3,139,000,000 |
| Operating Activities | ||||
| Operating Cash Flow | $4,681,000,000 | $5,999,000,000 | $5,834,000,000 | $3,171,000,000 |
| Cash Flow From Continuing Operating Activities | $4,681,000,000 | $5,999,000,000 | $5,834,000,000 | $3,171,000,000 |
| Operating Gains Losses | $-221,000,000 | $-560,000,000 | $241,000,000 | $327,000,000 |
| Investing Activities | ||||
| Capital Expenditure | $-15,000,000 | $-24,000,000 | $-27,000,000 | $-32,000,000 |
| Investing Cash Flow | $-8,429,000,000 | $-7,953,000,000 | $-8,918,000,000 | $-9,370,000,000 |
| Cash Flow From Continuing Investing Activities | $-8,429,000,000 | $-7,953,000,000 | $-8,918,000,000 | $-9,370,000,000 |
| Net Other Investing Changes | $-10,000,000 | $-13,000,000 | - | - |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $-10,000,000 | $-12,000,000 | $-18,000,000 | $0 |
| Issuance Of Capital Stock | $269,000,000 | $250,000,000 | $0 | $0 |
| Financing Cash Flow | $2,970,000,000 | $2,655,000,000 | $3,687,000,000 | $5,626,000,000 |
| Cash Flow From Continuing Financing Activities | $2,970,000,000 | $2,655,000,000 | $3,687,000,000 | $5,626,000,000 |
| Net Other Financing Charges | $2,773,000,000 | $2,103,000,000 | $3,146,000,000 | $5,076,000,000 |
| Cash Dividends Paid | $-137,000,000 | $-121,000,000 | $-101,000,000 | $0 |
| Net Preferred Stock Issuance | $0 | $250,000,000 | $0 | $0 |
| Preferred Stock Issuance | $0 | $250,000,000 | $0 | $0 |
| Net Common Stock Issuance | $259,000,000 | $-12,000,000 | $-18,000,000 | $0 |
| Common Stock Issuance | $269,000,000 | $0 | $0 | - |
| Dividends Received Cfi | $694,000,000 | $478,000,000 | $340,000,000 | $313,000,000 |
| Dividend Received Cfo | $176,000,000 | $108,000,000 | $104,000,000 | $119,000,000 |
| Common Stock Dividend Paid | - | - | $-101,000,000 | $0 |
| Other | ||||
| Repayment Of Debt | $-300,000,000 | $-615,000,000 | $-185,000,000 | $0 |
| Issuance Of Debt | $375,000,000 | $1,050,000,000 | $845,000,000 | $550,000,000 |
| Interest Paid Supplemental Data | $156,000,000 | $127,000,000 | $84,000,000 | $34,000,000 |
| Income Tax Paid Supplemental Data | $9,000,000 | $8,000,000 | $4,000,000 | - |
| End Cash Position | $1,486,000,000 | $2,264,000,000 | $1,563,000,000 | $960,000,000 |
| Beginning Cash Position | $2,264,000,000 | $1,563,000,000 | $960,000,000 | $1,533,000,000 |
| Changes In Cash | $-778,000,000 | $701,000,000 | $603,000,000 | $-573,000,000 |
| Common Stock Payments | $-10,000,000 | $-12,000,000 | $-18,000,000 | $0 |
| Net Issuance Payments Of Debt | $75,000,000 | $435,000,000 | $660,000,000 | $550,000,000 |
| Net Long Term Debt Issuance | $75,000,000 | $435,000,000 | $660,000,000 | $550,000,000 |
| Long Term Debt Payments | $-300,000,000 | $-615,000,000 | $-185,000,000 | $0 |
| Long Term Debt Issuance | $375,000,000 | $1,050,000,000 | $845,000,000 | $550,000,000 |
| Net Investment Purchase And Sale | $-6,669,000,000 | $-6,765,000,000 | $-8,075,000,000 | $-8,651,000,000 |
| Sale Of Investment | $15,829,000,000 | $11,260,000,000 | $5,279,000,000 | $5,429,000,000 |
| Purchase Of Investment | $-22,498,000,000 | $-18,025,000,000 | $-13,354,000,000 | $-14,080,000,000 |
| Net Business Purchase And Sale | $-2,386,000,000 | $-1,596,000,000 | $-1,137,000,000 | $-987,000,000 |
| Purchase Of Business | $-2,386,000,000 | $-1,596,000,000 | $-1,137,000,000 | $-987,000,000 |
| Net PPE Purchase And Sale | $-15,000,000 | $-24,000,000 | $-27,000,000 | $-32,000,000 |
| Purchase Of PPE | $-15,000,000 | $-24,000,000 | $-27,000,000 | $-32,000,000 |
| Interest Received Cfo | $202,000,000 | $1,327,000,000 | $1,409,000,000 | $-542,000,000 |
| Change In Working Capital | $5,150,000,000 | $5,559,000,000 | $5,292,000,000 | $2,970,000,000 |
| Change In Other Working Capital | $-81,000,000 | $-161,000,000 | $77,000,000 | $93,000,000 |
| Change In Other Current Liabilities | $249,000,000 | $91,000,000 | $410,000,000 | $-398,000,000 |
| Change In Receivables | $-5,000,000 | $-19,000,000 | $94,000,000 | $148,000,000 |
| Changes In Account Receivables | $-5,000,000 | $-19,000,000 | $94,000,000 | $148,000,000 |
| Other Non Cash Items | $-163,000,000 | $-316,000,000 | $-160,000,000 | $-403,000,000 |
| Stock Based Compensation | $31,000,000 | $29,000,000 | $23,000,000 | $12,000,000 |
| Amortization Of Securities | $-1,286,000,000 | $-1,419,000,000 | $-1,082,000,000 | $-814,000,000 |
| Depreciation And Amortization | $665,000,000 | $569,000,000 | $412,000,000 | $324,000,000 |
| Earnings Losses From Equity Investments | $-349,000,000 | $-350,000,000 | $-220,000,000 | $-109,000,000 |
| Gain Loss On Investment Securities | $128,000,000 | $-210,000,000 | $461,000,000 | $436,000,000 |
| Net Income From Continuing Operations | $271,000,000 | $642,000,000 | $-58,000,000 | $635,000,000 |
| Net Short Term Debt Issuance | - | - | $-185,000,000 | $0 |
| Gain Loss On Sale Of Business | - | - | $0 | $0 |
| Proceeds From Stock Option Exercised | - | - | - | $0 |
| Interest Paid Cfo | - | - | - | $-560,000,000 |