StockData
F&G Annuities & Life, Inc. logo

F&G Annuities & Life, Inc. (FGSN) stock analysis

FGSNNYSELife InsuranceFiscal year ends December 31Also trades as FG, FGN
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026Score 12/3035% below fair value
$17.95−0.33 (-1.81%)

Close on Oct 30, 2026Market cap $2.35BP/E 6.1Yield 5.07%

StockData Score

Prices as of Oct 30, 2026How the score works

Value6Growth2Performance1Health0Dividend3

Mixed12 of 30 checks passed

F&G Annuities & Life passes 12 of the 30 checks behind our score; 13 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
6/6
Growth
2/6
Past performance
1/6
Financial health
0/6
Dividend
3/6

What stands out

  • Margin of safety over 20%

    The price is 34.9% below fair value, more than the 20% cushion we look for.

  • Trading below fair value

    The share price of $21.13 is below our fair value estimate of $32.48.

  • Revenue growing 10%+ a year

    Revenue grew 34.6% a year over the last three fiscal years.

  • P/E below its 5-year median

    F&G Annuities & Life's P/E of 7.2 is below its own 5-year median of 9.6.

What to watch

  • Return on equity under 15%

    Return on equity was 9.2% over the last twelve months and averaged 13.3% over five years; we look for 15% on both.

  • EPS growing under 10% a year

    Diluted EPS grew -30.2% a year over the last three fiscal years.

  • Return on assets under 1%

    Return on assets was 0.4%; for a bank or insurer, 1% or more is considered good.

  • Return on equity below the industry

    F&G Annuities & Life's return on equity of 9.2% is below the Life Insurance median of 11.7%.

Valuation6/6

  • P/E below its 5-year median

    F&G Annuities & Life's P/E of 7.2 is below its own 5-year median of 9.6.

  • P/E below the industry

    F&G Annuities & Life's P/E of 7.2 is below the Life Insurance median of 10.6.

  • P/S below the industry

    F&G Annuities & Life's price-to-sales of 0.46 is below the Life Insurance median of 0.64.

  • P/B below the industry

    F&G Annuities & Life's price-to-book of 0.60 is below the Life Insurance median of 0.92.

  • Trading below fair value

    The share price of $21.13 is below our fair value estimate of $32.48.

  • Margin of safety over 20%

    The price is 34.9% below fair value, more than the 20% cushion we look for.

Growth2/6

  • Revenue growing 10%+ a year

    Revenue grew 34.6% a year over the last three fiscal years.

  • EPS growing under 10% a year

    Diluted EPS grew -30.2% a year over the last three fiscal years.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing faster than the industry

    Revenue grew 15.0% over the last twelve months; the Life Insurance median is 8.0%.

  • Company guidance

    No outlook found in earnings releases from the last twelve months.

  • Gross margin trend

    Banks and insurers do not report gross profit.

Past performance1/6

  • Return on equity under 15%

    Return on equity was 9.2% over the last twelve months and averaged 13.3% over five years; we look for 15% on both.

  • Return on assets under 1%

    Return on assets was 0.4%; for a bank or insurer, 1% or more is considered good.

  • Return on equity below the industry

    F&G Annuities & Life's return on equity of 9.2% is below the Life Insurance median of 11.7%.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin below its 5-year average

    Net margin was 6.9% over the last twelve months, against a 5-year average of 14.5%.

  • Net margin above the industry

    F&G Annuities & Life's net margin of 6.9% is above the Life Insurance median of 6.5%.

Financial health0/6

  • Debt level

    Needs debt and equity figures.

  • Debt trend

    Needs a balance sheet from five years ago with positive equity.

  • Debt coverage

    Needs operating cash flow.

  • Interest coverage

    Interest expense is not reported separately.

  • Short-term liquidity

    Insurers do not split assets into current and non-current.

  • Bankruptcy risk (Altman Z)

    The Altman model does not apply to insurers.

Dividend3/6

  • Pays a dividend

    F&G Annuities & Life paid dividends worth 4.7% of the share price over the last twelve months.

  • Yield above Treasuries

    The 4.7% yield is above the 4.4% on a 1-year Treasury.

  • Yield in the top quarter

    The top quarter of US dividend payers yield 4.0% or more; F&G Annuities & Life yields 4.7%.

  • Dividend stability

    Fewer than five years of dividend history.

  • Earnings cover

    Needs dividends paid and net income.

  • Cash-flow cover

    Needs dividends paid and free cash flow.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$32.48

The share price is 35% below this estimate.

20%+ below
Near fair value
20%+ above
$21.13Price$32.48Fair value
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
P/E10.2×9.6×10.6×$30.1450%
P/B1.0×1.1×0.9×$34.8150%
Fair value$32.48100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 9.6
  • Life Insurance median 10.6

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Medium risk

Average value traded per day
$14.02M
Value traded per 1% price move
$7.84M

Downside

Medium risk

Typical loss in a bad month
24.0%
Volatility (annualized)
40%
Sharpe ratio, 1 year
-0.79
Beta to the S&P 500 (5Y)
2.37

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2020 to 2025

Net margin

4.6%