📊 FGN Key Takeaways
Is FGN a Good Investment? Thesis Analysis
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.
Why Buy 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
FGN Investment Risks to Consider
- 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
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
FGN Financial Metrics
💡 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 Profitability Ratios
FGN vs Finance Sector
How F&G Annuities & Life, Inc. compares to Finance sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is FGN Overvalued or Undervalued?
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.
FGN Balance Sheet & Liquidity
FGN 5-Year Financial Trend & Growth Analysis
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 Growth Metrics (YoY)
FGN Quarterly 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.
FGN Capital Allocation
FGN SEC 10-K & 10-Q Filing 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 an AI rating of HOLD with 62% 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.
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.
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 March 2026, F&G Annuities & Life, Inc. has a HOLD rating with 62% 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).