F&G ANNUITIES & LIFE INC (FG) Fundamental Analysis & Valuation

NYSE:FG • US30190A1043

22.45 USD
-0.37 (-1.62%)
Last: Mar 9, 2026, 03:55 PM
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This FG fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

Taking everything into account, FG scores 5 out of 10 in our fundamental rating. FG was compared to 149 industry peers in the Insurance industry. FG scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. A decent growth rate in combination with a cheap valuation! Better keep an eye on FG.


Dividend Valuation Growth Profitability Health

3

1. FG Profitability Analysis

1.1 Basic Checks

  • FG had positive earnings in the past year.
  • FG had a positive operating cash flow in the past year.
  • FG had positive earnings in 4 of the past 5 years.
  • Of the past 5 years FG 4 years had a positive operating cash flow.
FG Yearly Net Income VS EBIT VS OCF VS FCFFG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 2025 0 2B 4B

1.2 Ratios

  • With a Return On Assets value of 0.46%, FG is not doing good in the industry: 71.14% of the companies in the same industry are doing better.
  • FG has a Return On Equity (9.27%) which is in line with its industry peers.
  • Looking at the Return On Invested Capital, with a value of 0.65%, FG is doing worse than 65.77% of the companies in the same industry.
  • FG had an Average Return On Invested Capital over the past 3 years of 0.47%. This is significantly below the industry average of 15.25%.
  • The last Return On Invested Capital (0.65%) for FG is above the 3 year average (0.47%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 0.46%
ROE 9.27%
ROIC 0.65%
ROA(3y)0.3%
ROA(5y)0.71%
ROE(3y)6.35%
ROE(5y)11.66%
ROIC(3y)0.47%
ROIC(5y)0.87%
FG Yearly ROA, ROE, ROICFG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 2025 0 5 10 15

1.3 Margins

  • With a Profit Margin value of 8.06%, FG perfoms like the industry average, outperforming 53.02% of the companies in the same industry.
  • FG's Profit Margin has declined in the last couple of years.
  • With a Operating Margin value of 13.25%, FG perfoms like the industry average, outperforming 55.03% of the companies in the same industry.
  • FG's Operating Margin has declined in the last couple of years.
Industry RankSector Rank
OM 13.25%
PM (TTM) 8.06%
GM N/A
OM growth 3Y-31.81%
OM growth 5YN/A
PM growth 3Y-40.51%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
FG Yearly Profit, Operating, Gross MarginsFG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. FG Health Analysis

2.1 Basic Checks

  • FG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, FG has more shares outstanding
  • The number of shares outstanding for FG has been increased compared to 5 years ago.
  • Compared to 1 year ago, FG has an improved debt to assets ratio.
FG Yearly Shares OutstandingFG Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
FG Yearly Total Debt VS Total AssetsFG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B

2.2 Solvency

  • FG has an Altman-Z score of 0.12. This is a bad value and indicates that FG is not financially healthy and even has some risk of bankruptcy.
  • FG's Altman-Z score of 0.12 is fine compared to the rest of the industry. FG outperforms 69.80% of its industry peers.
  • The Debt to FCF ratio of FG is 0.46, which is an excellent value as it means it would take FG, only 0.46 years of fcf income to pay off all of its debts.
  • FG has a Debt to FCF ratio of 0.46. This is in the better half of the industry: FG outperforms 79.87% of its industry peers.
  • A Debt/Equity ratio of 0.46 indicates that FG is not too dependend on debt financing.
  • The Debt to Equity ratio of FG (0.46) is worse than 67.11% of its industry peers.
  • Although FG's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.46
Debt/FCF 0.46
Altman-Z 0.12
ROIC/WACC0.09
WACC7.44%
FG Yearly LT Debt VS Equity VS FCFFG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

2.3 Liquidity

  • A Current Ratio of 0.39 indicates that FG may have some problems paying its short term obligations.
  • With a decent Current ratio value of 0.39, FG is doing good in the industry, outperforming 71.81% of the companies in the same industry.
  • FG has a Quick Ratio of 0.39. This is a bad value and indicates that FG is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.39, FG is in the better half of the industry, outperforming 71.81% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.39
Quick Ratio 0.39
FG Yearly Current Assets VS Current LiabilitesFG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 2025 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. FG Growth Analysis

3.1 Past

  • FG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -15.02%.
  • The earnings per share for FG have been decreasing by -23.40% on average. This is quite bad
  • The Revenue has decreased by -0.45% in the past year.
  • Measured over the past years, FG shows a very strong growth in Revenue. The Revenue has been growing by 32.79% on average per year.
EPS 1Y (TTM)-15.02%
EPS 3Y-23.4%
EPS 5YN/A
EPS Q2Q%-18.75%
Revenue 1Y (TTM)-0.45%
Revenue growth 3Y34.79%
Revenue growth 5Y32.79%
Sales Q2Q%47.79%

3.2 Future

  • The Earnings Per Share is expected to grow by 36.83% on average over the next years. This is a very strong growth
  • FG is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.67% yearly.
EPS Next Y61.37%
EPS Next 2Y36.83%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year13.46%
Revenue Next 2Y10.67%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
FG Yearly Revenue VS EstimatesFG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2B 4B 6B
FG Yearly EPS VS EstimatesFG Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 2 4 6

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9

4. FG Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 6.20, the valuation of FG can be described as very cheap.
  • 77.85% of the companies in the same industry are more expensive than FG, based on the Price/Earnings ratio.
  • FG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.29.
  • The Price/Forward Earnings ratio is 3.84, which indicates a rather cheap valuation of FG.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of FG indicates a rather cheap valuation: FG is cheaper than 83.89% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.60, FG is valued rather cheaply.
Industry RankSector Rank
PE 6.2
Fwd PE 3.84
FG Price Earnings VS Forward Price EarningsFG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FG indicates a rather cheap valuation: FG is cheaper than 89.93% of the companies listed in the same industry.
  • 97.32% of the companies in the same industry are more expensive than FG, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 0.63
EV/EBITDA 2.26
FG Per share dataFG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 40

4.3 Compensation for Growth

  • FG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as FG's earnings are expected to grow with 36.83% in the coming years.
PEG (NY)0.1
PEG (5Y)N/A
EPS Next 2Y36.83%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. FG Dividend Analysis

5.1 Amount

  • FG has a Yearly Dividend Yield of 8.17%, which is a nice return.
  • The stock price of FG dropped by -32.32% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
  • Compared to an average industry Dividend Yield of 2.89, FG pays a better dividend. On top of this FG pays more dividend than 91.28% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, FG pays a better dividend.
Industry RankSector Rank
Dividend Yield 8.17%

5.2 History

  • FG has been paying a dividend for over 5 years, so it has already some track record.
  • FG has decreased its dividend recently.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
FG Yearly Dividends per shareFG Yearly Dividends per shareYearly Dividends per share 2019 2020 2023 2024 2025 2026 0.2 0.4 0.6 0.8

5.3 Sustainability

  • 29.31% of the earnings are spent on dividend by FG. This is a low number and sustainable payout ratio.
DP29.31%
EPS Next 2Y36.83%
EPS Next 3YN/A
FG Yearly Income VS Free CF VS DividendFG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2019 2020 2021 2022 2023 2024 2025 0 2B 4B
FG Dividend Payout.FG Dividend Payout, showing the Payout Ratio.FG Dividend Payout.PayoutRetained Earnings

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FG Fundamentals: All Metrics, Ratios and Statistics

F&G ANNUITIES & LIFE INC

NYSE:FG (3/9/2026, 3:55:52 PM)

22.45

-0.37 (-1.62%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)02-19
Earnings (Next)05-05
Inst Owners95.99%
Inst Owner Change0%
Ins Owners2.4%
Ins Owner Change-16.22%
Market Cap3.02B
Revenue(TTM)5.75B
Net Income(TTM)447.00M
Analysts42
Price Target30.09 (34.03%)
Short Float %1.24%
Short Ratio1.98
Dividend
Industry RankSector Rank
Dividend Yield 8.17%
Yearly Dividend0.96
Dividend Growth(5Y)N/A
DP29.31%
Div Incr Years1
Div Non Decr Years1
Ex-Date03-17
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)26.36%
Min EPS beat(2)21.8%
Max EPS beat(2)30.92%
EPS beat(4)2
Avg EPS beat(4)3.95%
Min EPS beat(4)-27.3%
Max EPS beat(4)30.92%
EPS beat(8)3
Avg EPS beat(8)-5.36%
EPS beat(12)4
Avg EPS beat(12)-6.88%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)14.7%
Min Revenue beat(2)12.08%
Max Revenue beat(2)17.31%
Revenue beat(4)3
Avg Revenue beat(4)0.6%
Min Revenue beat(4)-40.15%
Max Revenue beat(4)17.31%
Revenue beat(8)6
Avg Revenue beat(8)6.89%
Revenue beat(12)8
Avg Revenue beat(12)3.79%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-7.81%
PT rev (3m)-13.24%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-10.29%
EPS NY rev (1m)0%
EPS NY rev (3m)0.38%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 6.2
Fwd PE 3.84
P/S 0.54
P/FCF 0.63
P/OCF 0.63
P/B 0.63
P/tB N/A
EV/EBITDA 2.26
EPS(TTM)3.62
EY16.12%
EPS(NY)5.84
Fwd EY26.02%
FCF(TTM)35.77
FCFY159.35%
OCF(TTM)35.9
OCFY159.92%
SpS41.2
BVpS35.83
TBVpS-25.65
PEG (NY)0.1
PEG (5Y)N/A
Graham Number54.03
Profitability
Industry RankSector Rank
ROA 0.46%
ROE 9.27%
ROCE 0.79%
ROIC 0.65%
ROICexc 0.67%
ROICexgc 0.95%
OM 13.25%
PM (TTM) 8.06%
GM N/A
FCFM 86.82%
ROA(3y)0.3%
ROA(5y)0.71%
ROE(3y)6.35%
ROE(5y)11.66%
ROIC(3y)0.47%
ROIC(5y)0.87%
ROICexc(3y)0.48%
ROICexc(5y)0.89%
ROICexgc(3y)0.67%
ROICexgc(5y)1.06%
ROCE(3y)0.57%
ROCE(5y)1.04%
ROICexgc growth 3Y-18.28%
ROICexgc growth 5YN/A
ROICexc growth 3Y-24.54%
ROICexc growth 5YN/A
OM growth 3Y-31.81%
OM growth 5YN/A
PM growth 3Y-40.51%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.06
Health
Industry RankSector Rank
Debt/Equity 0.46
Debt/FCF 0.46
Debt/EBITDA 1.62
Cap/Depr 2.64%
Cap/Sales 0.31%
Interest Coverage 5.14
Cash Conversion 350.73%
Profit Quality 1077.4%
Current Ratio 0.39
Quick Ratio 0.39
Altman-Z 0.12
F-Score6
WACC7.44%
ROIC/WACC0.09
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-15.02%
EPS 3Y-23.4%
EPS 5YN/A
EPS Q2Q%-18.75%
EPS Next Y61.37%
EPS Next 2Y36.83%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-0.45%
Revenue growth 3Y34.79%
Revenue growth 5Y32.79%
Sales Q2Q%47.79%
Revenue Next Year13.46%
Revenue Next 2Y10.67%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y562.16%
EBIT growth 3Y-8.08%
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-29.96%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-29.97%
OCF growth 3YN/A
OCF growth 5YN/A

F&G ANNUITIES & LIFE INC / FG FAQ

What is the ChartMill fundamental rating of F&G ANNUITIES & LIFE INC (FG) stock?

ChartMill assigns a fundamental rating of 5 / 10 to FG.


What is the valuation status of F&G ANNUITIES & LIFE INC (FG) stock?

ChartMill assigns a valuation rating of 9 / 10 to F&G ANNUITIES & LIFE INC (FG). This can be considered as Undervalued.


What is the profitability of FG stock?

F&G ANNUITIES & LIFE INC (FG) has a profitability rating of 3 / 10.


What are the PE and PB ratios of F&G ANNUITIES & LIFE INC (FG) stock?

The Price/Earnings (PE) ratio for F&G ANNUITIES & LIFE INC (FG) is 6.2 and the Price/Book (PB) ratio is 0.63.


Is the dividend of F&G ANNUITIES & LIFE INC sustainable?

The dividend rating of F&G ANNUITIES & LIFE INC (FG) is 6 / 10 and the dividend payout ratio is 29.31%.