📊 FGN Key Takeaways
Is F&G Annuities & Life, Inc. (FGN) a Good Investment?
F&G Annuities & Life demonstrates solid operational cash generation (4.7B FCF) and modest net income growth (+6.9% YoY), but faces headwinds from declining revenue, negative operating margins, and weak profitability ratios that suggest operational challenges despite strong free cash flow conversion. The company's capital-light business model and reasonable leverage provide some stability, though deteriorating earnings quality and negative interest coverage warrant caution.
F&G Annuities & Life shows solid scale, positive net income growth, and very strong operating cash generation relative to reported revenue, which supports underlying balance sheet resilience. However, weak operating profitability, sharply lower diluted EPS, and low returns on equity and assets suggest earnings quality and capital efficiency remain mixed. The fundamentals support stability more than clear upside, making this a hold based on current operating performance.
Why Buy F&G Annuities & Life, Inc. Stock? FGN Key Strengths
- Strong free cash flow generation of 4.7B with exceptional 81.7% FCF margin
- Modest net income growth of 6.9% YoY despite revenue decline
- Conservative debt-to-equity ratio of 0.47x with manageable leverage
- Substantial asset base of 98.4B providing scale in annuities and life insurance
- Strong operating cash flow of $4.68B provides meaningful financial flexibility
- Large asset base and moderate debt-to-equity of 0.47x indicate manageable balance sheet leverage
- Net income remained positive and grew 6.9% YoY despite slightly lower revenue
FGN Stock Risks: F&G Annuities & Life, Inc. Investment Risks
- Revenue declining 0.2% YoY indicates softening business demand or market headwinds
- Operating margin deeply negative at -0.6% despite positive net income signals operational inefficiency
- Interest coverage ratio negative at -0.2x reflects inability to service debt from operating income
- Low profitability metrics (4.6% net margin, 5.5% ROE, 0.3% ROA) indicate thin returns on capital
- EPS diluted down 61.5% YoY despite net income growth suggests significant share dilution or non-core gains
- Operating income was negative and operating margin was -0.6%, indicating weak core profitability
- Diluted EPS fell 61.5% YoY, pointing to pressure on per-share earnings quality
- ROE of 5.5% and ROA of 0.3% are low for the balance sheet size, suggesting limited capital efficiency
Key Metrics to Watch
- Operating margin trajectory and path to profitability
- Revenue growth stabilization and renewal of underwriting demand
- Free cash flow sustainability and capital allocation decisions
- Interest coverage ratio improvement and debt service capacity
- Return on equity trends reflecting operational improvements
- Operating margin and interest coverage improvement
- ROE and diluted EPS trend
F&G Annuities & Life, Inc. (FGN) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The 81.7% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.
FGN Profit Margin, ROE & Profitability Analysis
FGN vs Finance Sector: How F&G Annuities & Life, Inc. Compares
How F&G Annuities & Life, Inc. compares to Finance sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is F&G Annuities & Life, Inc. Stock Overvalued? FGN Valuation Analysis 2026
Based on fundamental analysis, F&G Annuities & Life, Inc. has mixed fundamental signals relative to the Finance sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
F&G Annuities & Life, Inc. Balance Sheet: FGN Debt, Cash & Liquidity
FGN Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: F&G Annuities & Life, Inc.'s revenue has grown significantly by 45% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.47 indicates the company is currently unprofitable.
FGN Revenue Growth, EPS Growth & YoY Performance
FGN Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $1.4B | -$6.0M | $-0.08 |
| Q2 2025 | $1.2B | $19.0M | $0.08 |
| Q1 2025 | $908.0M | -$21.0M | $-0.20 |
| Q3 2024 | $851.0M | -$6.0M | $-0.08 |
| Q2 2024 | $1.2B | -$65.0M | $-0.52 |
| Q1 2024 | $869.0M | $115.0M | $0.88 |
| Q3 2023 | $851.0M | $187.0M | $1.50 |
| Q2 2023 | $70.0M | -$65.0M | $-0.52 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
F&G Annuities & Life, Inc. Dividends, Buybacks & Capital Allocation
FGN SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for F&G Annuities & Life, Inc. (CIK: 0001934850)
📋 Recent SEC Filings
❓ Frequently Asked Questions about FGN
What is the AI rating for FGN?
F&G Annuities & Life, Inc. (FGN) has a Combined AI Rating of HOLD from Claude (HOLD) and ChatGPT (HOLD) with 69% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are FGN's key strengths?
Claude: Strong free cash flow generation of 4.7B with exceptional 81.7% FCF margin. Modest net income growth of 6.9% YoY despite revenue decline. ChatGPT: Strong operating cash flow of $4.68B provides meaningful financial flexibility. Large asset base and moderate debt-to-equity of 0.47x indicate manageable balance sheet leverage.
What are the risks of investing in FGN?
Claude: Revenue declining 0.2% YoY indicates softening business demand or market headwinds. Operating margin deeply negative at -0.6% despite positive net income signals operational inefficiency. ChatGPT: Operating income was negative and operating margin was -0.6%, indicating weak core profitability. Diluted EPS fell 61.5% YoY, pointing to pressure on per-share earnings quality.
What is FGN's revenue and growth?
F&G Annuities & Life, Inc. reported revenue of $5.7B.
Does FGN pay dividends?
F&G Annuities & Life, Inc. pays dividends, with $26.0M distributed to shareholders in the trailing twelve months.
Where can I find FGN SEC filings?
Official SEC filings for F&G Annuities & Life, Inc. (CIK: 0001934850) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is FGN's EPS?
F&G Annuities & Life, Inc. has a diluted EPS of $1.88.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is FGN a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, F&G Annuities & Life, Inc. has a HOLD rating with 69% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is FGN stock overvalued or undervalued?
Valuation metrics for FGN: ROE of 5.5% (sector avg: 12%), net margin of 4.6% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.
Should I buy FGN stock in 2026?
Our dual AI analysis gives F&G Annuities & Life, Inc. a combined HOLD rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is FGN's free cash flow?
F&G Annuities & Life, Inc.'s operating cash flow is $4.7B, with capital expenditures of N/A. FCF margin is 81.7%.
How does FGN compare to other Finance stocks?
Vs Finance sector averages: Net margin 4.6% (avg: 25%), ROE 5.5% (avg: 12%), current ratio N/A (avg: 1.2).