Is F and G Annuities and Life (FG) overvalued or fairly valued?

MarketChacha shows F and G Annuities and Life's valuation in context — a trailing P/E of about 9.0, a forward P/E of about 4.4, a price-to-book of about 0.6 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does F and G Annuities and Life's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (19.52×) from reported figures — education, not a rating.

What is F and G Annuities and Life's revenue?

F and G Annuities and Life reported revenue of $5.7B for FY2025, with net profit of $265.0M, per official filings.

What is the share price of F and G Annuities and Life (FG)?

F and G Annuities and Life last traded at $20.42 (+3.2% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

F and G Annuities and Life

FG · NYSE · Financials · United States

Snapshot

TickerFG

ExchangeNYSE

SectorFinancials

IndustryInsurance - Life

CountryUnited States

Employees1,173

HeadquartersDes Moines, United States

Websitewww.fglife.com

Filings tracked17

About F and G Annuities and Life

F&G Annuities & Life, Inc., together with its subsidiaries, provides annuity and life insurance products in the United States. It offers fixed indexed annuities registered index-linked annuities, pension risk transfer and indexed universal life, and multi-year guarantee annuities; immediate annuities; indexed universal life insurance; pension risk transfer solutions; and institutional funding agreements. The company distributes its products through independent agents, banks, and broker-dealers to retail annuity and life customers, as well as institutional clients. The company was founded in 1959 and is headquartered in Des Moines, Iowa. F&G Annuities & Life, Inc. operates as a subsidiary of Fidelity National Financial, Inc.

Who owns it

Insiders2.7%
Institutions97.3%
Public & other0.0%

434 institutional holders

Ownership breakdown from public market data.

Top holders

Fidelity National Financial, Inc.72.30%
Blackrock Inc.2.58%
Brave Warrior Advisors, LLC1.90%
Bank of America Corporation1.70%
Dimensional Fund Advisors LP1.63%
Vanguard Portfolio Management LLC1.51%
Vanguard Capital Management LLC1.18%
State Street Corporation1.09%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Latest ROE of 5.5% is on the low side — the business earns a modest return on shareholder capital.

Cash conversion19.52×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend-1.3% → 4.6%

Margin has expanded by about 5.9 points — the business is getting more profitable.

Return on equity5.5%

Latest ROE of 5.5% is on the low side — the business earns a modest return on shareholder capital.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $764.0M · EPS 0.77

Est. earnings growth -15.4%

Next fiscal year

Rev $3.3B · EPS 4.63

Est. earnings growth +59.2%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$5.7B

Net margin

4.6%

ROE

5.5%

Revenue CAGR (2y)

+12.9%

EPS (FY2025)

1.88

Net profit (FY2025)

$265.0M

Ask MarketChacha about FG

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$5.7B	$265.0M	1.88	4.6%	5.5%
FY2024	$5.7B	$639.0M	4.88	11.1%	16.2%
FY2023	$4.5B	$-58.0M	-0.47	-1.3%	-1.9%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$1.4B	$-76.0M	-0.62	-5.3%
2026Q1	$1.2B	$248.0M	1.78	20.9%
2025Q3	$1.7B	$118.0M	0.85	7.0%
2025Q2	$1.4B	$40.0M	0.26	2.9%
2025Q1	$908.0M	$-21.0M	-0.20	-2.3%
2024Q3	$1.4B	$-6.0M	-0.08	-0.4%
2024Q2	$1.2B	$203.0M	1.55	17.3%
2024Q1	$1.6B	$115.0M	0.88	7.3%
2023Q3	$851.0M	$306.0M	2.45	36.0%
2023Q2	$1.2B	$130.0M	1.04	11.1%
2023Q1	$869.0M	$-195.0M	-1.56	-22.4%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC8/6/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC8/5/2026material
8-K — Results of operations, Reg FD disclosure
SEC7/8/2026material
8-K — Shareholder vote results
SEC6/25/2026material
8-K — Material agreement, Executive/director change, Exhibits
SEC6/16/2026material
10-Q filing
SEC5/7/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC5/6/2026material
8-K — Other events, Exhibits
SEC4/1/2026material
10-K filing
SEC2/26/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC2/19/2026material

2025

8-K — Other events, Exhibits
SEC12/18/2025material
8-K — Other events, Exhibits
SEC11/10/2025material
10-Q filing
SEC11/10/2025
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC11/6/2025material
8-K — Material agreement, Executive/director change, Exhibits
SEC8/8/2025material
10-Q filing
SEC8/7/2025
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC8/6/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.