
F&G Annuities & Life (FG) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Mar 2025Income Metrics
Revenue
854.0M
Net Income
-21.0M
-2.46%
EPS (Diluted)
$-0.20
Balance Sheet Metrics
Total Assets
88.0B
Total Liabilities
83.5B
Shareholders Equity
4.5B
Debt to Equity
18.62
Cash Flow Metrics
Operating Cash Flow
-94.0M
Free Cash Flow
951.0M
Revenue & Profitability Trend
F&G Annuities & Life Income Statement From 2019 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2019 |
---|---|---|---|---|---|
Revenue | 5.4B | 4.3B | 2.2B | 3.4B | 1.8B |
Cost of Goods Sold | - | - | - | - | - |
Gross Profit | - | - | - | - | - |
Gross Margin % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Operating Expenses | |||||
Research & Development | - | - | - | - | - |
Selling, General & Administrative | 296.0M | 232.0M | 157.0M | 129.0M | 78.0M |
Other Operating Expenses | 178.0M | 241.0M | -80.0M | 61.0M | 87.0M |
Total Operating Expenses | 474.0M | 473.0M | 77.0M | 190.0M | 165.0M |
Operating Income | - | - | - | - | - |
Operating Margin % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Non-Operating Items | |||||
Interest Income | - | - | 1.4B | 1.2B | 1.1B |
Interest Expense | 132.0M | 97.0M | 29.0M | 29.0M | 32.0M |
Other Non-Operating Income | 81.0M | - | 58.0M | 33.0M | 30.0M |
Pre-tax Income | 778.0M | -35.0M | 793.0M | 1.6B | 421.0M |
Income Tax | 136.0M | 23.0M | 158.0M | 320.0M | 60.0M |
Effective Tax Rate % | 17.5% | 0.0% | 19.9% | 20.6% | 14.3% |
Net Income | 642.0M | -58.0M | 635.0M | 1.2B | 412.0M |
Net Margin % | 11.8% | -1.4% | 28.4% | 36.6% | 22.7% |
Key Metrics | |||||
EBITDA | - | - | - | - | - |
EPS (Basic) | - | $-0.47 | $5.52 | $11.81 | $20.23 |
EPS (Diluted) | - | $-0.47 | $5.52 | $11.81 | $20.23 |
Basic Shares Outstanding | - | 124000000 | 115000000 | 105000000 | 18836000 |
Diluted Shares Outstanding | - | 124000000 | 115000000 | 105000000 | 18836000 |
Income Statement Trend
F&G Annuities & Life Balance Sheet From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Assets | |||||
Current Assets | |||||
Cash & Equivalents | 2.3B | 1.6B | 960.0M | 1.5B | 889.0M |
Short-term Investments | 26.5B | 41.9B | 32.8B | 30.3B | 26.0B |
Accounts Receivable | 13.4B | 9.0B | 5.4B | 3.6B | 3.2B |
Inventory | - | - | - | - | - |
Other Current Assets | - | - | - | - | - |
Total Current Assets | - | - | - | - | - |
Non-Current Assets | |||||
Property, Plant & Equipment | - | - | - | - | - |
Goodwill | 9.9B | 7.7B | 6.9B | 5.7B | 5.4B |
Intangible Assets | 5.6B | 4.2B | 3.4B | 2.2B | 1.9B |
Long-term Investments | - | - | - | - | - |
Other Non-Current Assets | - | - | - | - | - |
Total Non-Current Assets | - | - | - | - | - |
Total Assets | 85.0B | - | - | - | - |
Liabilities | |||||
Current Liabilities | |||||
Accounts Payable | 207.0M | 378.0M | 231.0M | 220.0M | 206.0M |
Short-term Debt | - | - | - | - | - |
Current Portion of Long-term Debt | - | - | - | - | - |
Other Current Liabilities | - | - | - | - | - |
Total Current Liabilities | - | - | - | - | - |
Non-Current Liabilities | |||||
Long-term Debt | 2.2B | 1.8B | 1.1B | 991.0M | 603.0M |
Deferred Tax Liabilities | - | - | - | 24.0M | - |
Other Non-Current Liabilities | - | - | - | - | - |
Total Non-Current Liabilities | - | - | - | - | - |
Total Liabilities | 81.0B | - | - | - | - |
Equity | |||||
Common Stock | 0 | 0 | 0 | 0 | 0 |
Retained Earnings | 2.4B | 1.9B | 2.1B | 1.0B | 136.0M |
Treasury Stock | 30.0M | 18.0M | 0 | - | - |
Other Equity | - | - | - | - | - |
Total Shareholders Equity | 4.1B | 3.1B | 2.4B | 4.5B | 4.1B |
Key Metrics | |||||
Total Debt | 2.2B | 1.8B | 1.1B | 991.0M | 603.0M |
Working Capital | 0 | 0 | 0 | 0 | 0 |
Balance Sheet Composition
F&G Annuities & Life Cash Flow Statement From 2019 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2019 |
---|---|---|---|---|---|
Operating Activities | |||||
Net Income | 642.0M | -58.0M | 635.0M | 1.2B | 412.0M |
Depreciation & Amortization | - | - | - | - | - |
Stock-Based Compensation | 29.0M | 23.0M | 12.0M | 9.0M | 4.0M |
Working Capital Changes | -89.0M | 581.0M | -157.0M | 432.0M | 234.0M |
Operating Cash Flow | 266.0M | 386.0M | 87.0M | 1.4B | 526.0M |
Investing Activities | |||||
Capital Expenditures | -24.0M | -27.0M | -32.0M | -33.0M | -15.0M |
Acquisitions | -1.6B | -1.1B | -987.0M | -1.8B | -588.0M |
Investment Purchases | -18.0B | -13.4B | -14.1B | -14.6B | -5.8B |
Investment Sales | 11.3B | 5.3B | 5.4B | 9.4B | 4.9B |
Investing Cash Flow | -8.4B | -9.3B | -9.7B | -7.0B | -1.6B |
Financing Activities | |||||
Share Repurchases | -12.0M | -18.0M | 0 | 0 | -65.0M |
Dividends Paid | -121.0M | -101.0M | 0 | 0 | -9.0M |
Debt Issuance | 1.0B | - | - | - | - |
Debt Repayment | -615.0M | - | - | - | - |
Financing Cash Flow | 2.7B | 2.8B | 5.1B | 5.2B | 1.3B |
Free Cash Flow | 6.0B | 5.8B | 3.1B | 1.8B | 637.0M |
Net Change in Cash | -5.5B | -6.0B | -4.5B | -331.0M | 237.0M |
Cash Flow Trend
F&G Annuities & Life Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
8.72
Forward P/E
6.09
Price to Book
1.02
Price to Sales
0.87
PEG Ratio
6.09
Profitability Ratios
Profit Margin
9.79%
Operating Margin
1.51%
Return on Equity
12.37%
Return on Assets
0.58%
Financial Health
Current Ratio
1.06
Debt to Equity
50.01
Beta
1.60
Per Share Data
EPS (TTM)
$3.80
Book Value per Share
$32.39
Revenue per Share
$40.95
Peer Financial Comparison
Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
---|---|---|---|---|---|---|
fg | 4.5B | 8.72 | 1.02 | 12.37% | 9.79% | 50.01 |
Aflac | 54.7B | 23.04 | 5.11 | 9.15% | 15.32% | 54.04 |
Manulife Financial | 50.9B | 13.32 | 1.08 | 12.39% | 19.36% | 45.07 |
Primerica | 8.4B | 11.82 | 3.67 | 32.05% | 21.08% | 86.20 |
Lincoln National | 7.2B | 6.37 | 0.84 | 12.99% | 6.30% | 95.52 |
Jackson Financial | 6.3B | 696.62 | 0.65 | 0.57% | 0.54% | 55.86 |
Financial data is updated regularly. All figures are in the company's reporting currency.