profit from every $100 of sales.
$0$100
F&G Annuities & Life
$23.28-1.44% today
-23.4% in 1 year
1-year low $18.901-year high $34.93
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $11.50 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What F&G Annuities & Life sold, what it kept, and what it did with the cash.
Sales went from $2.24 billion in 2022 to $5.43 billion in 2025, with $265 million of profit last year.
SalesProfit
F&G Annuities & Life handed back 3% of the cash it generated last year.
$137M
Free cash flow 2025$4.7B
Bought back its own shares$10M
Paid as dividends$137M
Cash vs. debt$1.5B vs. $2.3B
F&G Annuities & Life vs. similar companies
F&G Annuities & Life grows the fastest of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| F&G Annuities & Life | 11.5× · Cheap | ||
 China Life Insurance | 6.4× · Cheap | ||
 Ping An Insurance (Group) Company of China | 7.2× · Cheap | ||
 AIA Group | 16.4× · Fair price | ||
 Manulife Financial | 18.0× · Fair price |
AI analysis
An AI analyst reads F&G Annuities & Life's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 2,239 | 4,271 | 5,421 | 5,429 | |
| – | – | – | – | |
| – | – | – | – | |
| 1,146 | 474 | 1,479 | 1,152 | |
| 635 | -58 | 639 | 265 | |
| 5.52 | -0.47 | 4.88 | 1.88 | |
| – | – | – | – | |
| – | – | – | – | |
| 28.4% | -1.4% | 11.8% | 4.9% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 54,628 | 70,202 | 84,931 | 98,430 |
| Cash | 960 | 1,563 | 2,264 | 1,486 |
| Total debt | 1,127 | 1,765 | 2,191 | 2,261 |
| Total liabilities | 52,223 | 67,099 | 80,855 | 93,513 |
| 2,405 | 3,103 | 3,951 | 4,804 | |
| 115 | 124 | 131 | 132 | |
| 18.4% | 1.0% | 11.7% | 5.4% | |
| 26.4% | -1.9% | 16.2% | 5.5% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 3,171 | 5,834 | 5,999 | 4,681 | |
| 32 | 27 | 24 | 15 | |
| 3,139 | 5,807 | 5,975 | 4,666 | |
| Dividends paid | 0 | 101 | 121 | 137 |
| 0 | 18 | 12 | 10 | |
| 12 | 23 | 29 | 31 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 11.5×
- 5.7×
- –
- 0.6×
- 0.6×
- 8.7%
- 3.4%
Profitability
- 4.9%
- 5.6%
- 9.4%
- 11.4%
- 0.5%
Growth
- +34.3%
- −30.2%
- –
- +4.7%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 43%of 852
Bottom 27%of 733
Top 36%of 863
Top 13%of 860
What analysts expect
- Average price target
- $31.00
- Range
- $31.00 – $31.00
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 6, 2026 | 0.82 | 0.90 | −8.8% |
| Feb 19, 2026 | 0.91 | 1.20 | −24.2% |
| Nov 6, 2025 | 1.22 | 1.02 | +19.6% |
| Aug 6, 2025 | 0.77 | 0.64 | +20.3% |
| May 7, 2025 | 0.72 | 1.19 | −39.5% |
| Feb 20, 2025 | 1.12 | 1.25 | −10.4% |
| Nov 6, 2024 | 1.22 | 1.19 | +2.5% |
| Aug 5, 2024 | 1.10 | 0.98 | +12.2% |
3.4%of the share price, paid each year
On $1,000 invested$34a year at today's yield, before tax
–per share
Raised2 yearsin a row, in our data
Paid per share, each year
$0.81 in 2023 → $0.91 in 2025
How safe it looks
51.7% of its profit
Room to growStretchedMore than it earns: 2.9%
News
I attend free meals hosted by people promoting annuities. I’ve no intention of buying any. Should I stop going?MarketWatch · Nov 7, 2026I’m 58 and hate annuities. How can I get dependable income in retirement?MarketWatch · Oct 24, 2026Retire on 8% a year with little or no risk? How to use annuities the right way.MarketWatch · Oct 24, 2026Think annuities are a rip-off? Now might be the perfect time to reconsider.MarketWatch · Oct 23, 2026Are we spending our retirement money in the right order? Our plan is: Social Security, annuities, cash — then IRA.MarketWatch · Oct 16, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
50No pass
Benjamin Graham
73Pass
Philip Fisher
41No pass
Peter Lynch
42No pass
Joel Greenblatt
47No pass
Charlie Munger
36No pass
Terry Smith
37No pass
Questions about F&G Annuities & Life
Is F&G Annuities & Life a good stock to buy?
A business with weak numbers, and the price looks low. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the F&G Annuities & Life AI analysis
What does F&G Annuities & Life do?
F&G Annuities & Life, Inc., together with its subsidiaries, provides annuity and life insurance products in the United States. It is in Insurance - Life, based in Des Moines, IA, United States, with 1,100 employees.
Does F&G Annuities & Life pay a dividend?
Yes. At today's price the dividend is 3.4% a year, about 52% of its yearly profit. In 2025 it paid out $137 million in dividends.
Is F&G Annuities & Life stock halal?
No. F&G Annuities & Life does not pass our halal screen: its main business, conventional insurance, is not permitted. How we check
How has F&G Annuities & Life stock done over the past year?
Down 23.4% over the past twelve months, to $23.28. It traded between $18.90 and $34.93 and is 33.4% below its high.
Who are F&G Annuities & Life's competitors?
The largest listed companies in the same industry are China Life Insurance, Ping An Insurance (Group) Company of China, AIA Group and Manulife Financial. The peers table on this page compares their profit, growth and price with F&G Annuities & Life's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.