TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income 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

Metric20242023202220212019
Revenue i5.4B4.3B2.2B3.4B1.8B
Cost of Goods Sold i-----
Gross Profit i-----
Gross Margin % i0.0%0.0%0.0%0.0%0.0%
Operating Expenses
Research & Development i-----
Selling, General & Administrative i296.0M232.0M157.0M129.0M78.0M
Other Operating Expenses i178.0M241.0M-80.0M61.0M87.0M
Total Operating Expenses i474.0M473.0M77.0M190.0M165.0M
Operating Income i-----
Operating Margin % i0.0%0.0%0.0%0.0%0.0%
Non-Operating Items
Interest Income i--1.4B1.2B1.1B
Interest Expense i132.0M97.0M29.0M29.0M32.0M
Other Non-Operating Income81.0M-58.0M33.0M30.0M
Pre-tax Income i778.0M-35.0M793.0M1.6B421.0M
Income Tax i136.0M23.0M158.0M320.0M60.0M
Effective Tax Rate % i17.5%0.0%19.9%20.6%14.3%
Net Income i642.0M-58.0M635.0M1.2B412.0M
Net Margin % i11.8%-1.4%28.4%36.6%22.7%
Key Metrics
EBITDA i-----
EPS (Basic) i-$-0.47$5.52$11.81$20.23
EPS (Diluted) i-$-0.47$5.52$11.81$20.23
Basic Shares Outstanding i-12400000011500000010500000018836000
Diluted Shares Outstanding i-12400000011500000010500000018836000

Income Statement Trend

F&G Annuities & Life Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets
Cash & Equivalents i2.3B1.6B960.0M1.5B889.0M
Short-term Investments i26.5B41.9B32.8B30.3B26.0B
Accounts Receivable i13.4B9.0B5.4B3.6B3.2B
Inventory i-----
Other Current Assets-----
Total Current Assets i-----
Non-Current Assets
Property, Plant & Equipment i-----
Goodwill i9.9B7.7B6.9B5.7B5.4B
Intangible Assets i5.6B4.2B3.4B2.2B1.9B
Long-term Investments-----
Other Non-Current Assets-----
Total Non-Current Assets i-----
Total Assets i85.0B----
Liabilities
Current Liabilities
Accounts Payable i207.0M378.0M231.0M220.0M206.0M
Short-term Debt i-----
Current Portion of Long-term Debt-----
Other Current Liabilities-----
Total Current Liabilities i-----
Non-Current Liabilities
Long-term Debt i2.2B1.8B1.1B991.0M603.0M
Deferred Tax Liabilities i---24.0M-
Other Non-Current Liabilities-----
Total Non-Current Liabilities i-----
Total Liabilities i81.0B----
Equity
Common Stock i00000
Retained Earnings i2.4B1.9B2.1B1.0B136.0M
Treasury Stock i30.0M18.0M0--
Other Equity-----
Total Shareholders Equity i4.1B3.1B2.4B4.5B4.1B
Key Metrics
Total Debt i2.2B1.8B1.1B991.0M603.0M
Working Capital i00000

Balance Sheet Composition

F&G Annuities & Life Cash Flow Statement From 2019 to 2024

Metric20242023202220212019
Operating Activities
Net Income i642.0M-58.0M635.0M1.2B412.0M
Depreciation & Amortization i-----
Stock-Based Compensation i29.0M23.0M12.0M9.0M4.0M
Working Capital Changes i-89.0M581.0M-157.0M432.0M234.0M
Operating Cash Flow i266.0M386.0M87.0M1.4B526.0M
Investing Activities
Capital Expenditures i-24.0M-27.0M-32.0M-33.0M-15.0M
Acquisitions i-1.6B-1.1B-987.0M-1.8B-588.0M
Investment Purchases i-18.0B-13.4B-14.1B-14.6B-5.8B
Investment Sales i11.3B5.3B5.4B9.4B4.9B
Investing Cash Flow i-8.4B-9.3B-9.7B-7.0B-1.6B
Financing Activities
Share Repurchases i-12.0M-18.0M00-65.0M
Dividends Paid i-121.0M-101.0M00-9.0M
Debt Issuance i1.0B----
Debt Repayment i-615.0M----
Financing Cash Flow i2.7B2.8B5.1B5.2B1.3B
Free Cash Flow i6.0B5.8B3.1B1.8B637.0M
Net Change in Cash i-5.5B-6.0B-4.5B-331.0M237.0M

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

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
fg4.5B8.721.0212.37%9.79%50.01
Aflac 54.7B23.045.119.15%15.32%54.04
Manulife Financial 50.9B13.321.0812.39%19.36%45.07
Primerica 8.4B11.823.6732.05%21.08%86.20
Lincoln National 7.2B6.370.8412.99%6.30%95.52
Jackson Financial 6.3B696.620.650.57%0.54%55.86

Financial data is updated regularly. All figures are in the company's reporting currency.