# F&G Annuities & Life, Inc. (FG)

> Source: Nexqual · https://nexqual.com/FG · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, F&G Annuities & Life, Inc. (FG), nexqual.com/FG" · informational, not investment advice.

**Price:** USD 19.61 (+0.93% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 19.43 · day 19.43–19.88 · 52w 18.75–35.33 · market cap $2.57B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $6.07B, net income $418M (6.9% margin) (SEC filings).
- Valuation: P/E 6.1x (avg 11.9x at the last 2 fiscal year-ends), net debt $136M.
- 1 of 80 tracked superinvestors hold FG (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Hold (mean 3.00 on a 1–5 scale) (2 analysts), mean target USD 24 (range 24–24).
- Total return with dividends: 1Y -29.8% vs S&P 500 +18.1%; 5Y -12.5% vs S&P 500 +85.1%.
- Next earnings: 2026-11-05, EPS estimate USD 0.66, revenue estimate $731M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.97B | $2.35B | $4.50B | $5.74B | $5.73B | $6.07B |
| Net income | $1.24B | $635M | -$58.0M | $639M | $265M | $418M |
| EPS (diluted) | $11.81 | $5.52 | -$0.47 | $4.88 | $1.88 | — |
| Net margin | 31.2% | 27.0% | -1.3% | 11.1% | 4.6% | 6.9% |
| Revenue growth | — | -40.9% | +91.6% | +27.6% | -0.2% | — |
| Cash + short-term investments | $1.53B | $960M | $1.56B | $2.26B | $1.49B | — |
| Total debt | $977M | $1.11B | $1.75B | $2.17B | $2.24B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 6.1x · P/S 0.4x · EV/Sales 0.5x · P/B 0.6x · Earnings yield 16.28% · Buyback yield (TTM) 5.06% · Net debt $136M · EV $2.70B
P/E at fiscal year-ends: Dec 2025 15.4x, Dec 2024 8.5x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold FG. Change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Glenn Greenberg | Brave Warrior Advisors | 1.44% | $66.0M | Reduced -53.6% |

## Analysts
Consensus Hold (mean 3.00 on a 1–5 scale), 2 analysts; mean target USD 24 (low 24, high 24).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-07 | Barclays | Target lowered | Equal-Weight | $27 → $24 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2022-11-21) |
|---|---|---|
| Total return | -29.8% | -12.5% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | -29.9% | -3.4% |
| Volatility (annualized) | 40.3% | 45.9% |
| Max drawdown | -43.8% (Dec 2025→Oct 2026) | -57.6% (Nov 2024→Oct 2026) |

## Peers (Insurance - Life)
BHF (Brighthouse Financial, Inc.) USD 48.7 +1.64% · GNW (Genworth Financial Inc) USD 8.94 +0.56% · CNO (CNO Financial Group, Inc.) USD 54.58 +2.17% · LNC (Lincoln National Corporation) USD 40.01 -1.53% · ABX (Abacus Global Management, Inc.) USD 7.92 -2.46% · PRI (Primerica, Inc.) USD 281.16 +1.37%

## More
Full page: https://nexqual.com/FG · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt