F&G Annuities & Life, Inc.

Description

F&G Annuities & Life, Inc. provides fixed annuities and life insurance products in the United States. The company portfolio includes fixed indexed annuities, multi-year guarantee annuities, and pension risk transfer solution, as well as indexed universal life insurance, institutional funding agreements, and index-linked annuities. It serves 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.

About

CEO
Mr. Christopher Owsley Blunt
Employees
1,300
Instrument type
Common Stock
Sector
Financial Services
Industry
Insurance - Life
MIC code
XNYS
Address
801 Grand Avenue, Des Moines, IA 50309, United States
Phone
515 330 3340
Website
Chart Image
× Enlarged Chart
Oscillators
No data available
Summary
No data available
Moving Averages
No data available

Earnings

Date Estimate EPS Actual EPS Difference % Surprise
Nov 4, 2025
Aug 4, 2025
May 6, 2025
Feb 20, 2025 1.25
Nov 7, 2024 1.10 1.22 0.12 10.91%

Earnings estimate

Next Quarter
(Mar 2025)
Next Year
(Dec 2025)
Number of analysts 3 3
Average estimate 1.27 5.38
Low estimate 1.19 5.08
High estimate 1.41 5.77
Last year EPS 0.86 4.31
[stock_revenue_estimate]

Growth estimates

Current qtr
100.500%
Next qtr. (Mar 2025)
47.130%
Current year
61.000%
Next year (Dec 2025)
24.740%
Next 5 years (per annum)
Past 5 years (per annum)

Analyst Ratings

Date Firm Action Rating Price Target
Jan 6, 2025
Barclays
Mark Devries
Maintains Equal-Weight ▲ Raises $46 → $47
Nov 8, 2024
Barclays
Mark Devries
Maintains Equal-Weight ▲ Raises $44 → $46
Oct 8, 2024
Barclays
Mark Devries
Maintains Equal-Weight ▼ Lowers $45 → $44
Oct 2, 2024
Piper Sandler
John Barnidge
Maintains Neutral ▲ Raises $40 → $46
Sep 4, 2024
Barclays
Mark Devries
Initiates Equal-Weight Announces $45
Jun 28, 2024
Piper Sandler
John Barnidge
Maintains Neutral ▼ Lowers $43 → $42
Dec 22, 2023
Piper Sandler
John Barnidge
Initiates Neutral Announces $48
Dec 18, 2023
Stephens & Co.
John Campbell
Maintains Equal-Weight ▲ Raises $36 → $47
Aug 9, 2023
Stephens & Co.
John Campbell
Reiterates Equal-Weight Maintains $19
May 5, 2023
Barclays
Mark Devries
Maintains Equal-Weight ▼ Lowers $22 → $20
Dec 20, 2022
Stephens & Co.
John Campbell
Initiates Equal-Weight Announces $22
Dec 19, 2022
Barclays
Mark Devries
Initiates Equal-Weight Announces $22
Dec 5, 2022
Credit Suisse
Andrew Kligerman
Initiates Neutral Announces $22
Mar 20, 2020
RBC Capital
Downgrade Sector Perform ▼ Lowers $12.5 → $10
Feb 11, 2020
Piper Sandler
John Barnidge
Downgrade Neutral
Feb 10, 2020
Goldman Sachs
Alex Scott
Upgrade Neutral ▲ Raises $9 → $10.5
Jan 8, 2020
Goldman Sachs
Alex Scott
Downgrade Sell ▲ Raises $8.6 → $9
Oct 31, 2019
UBS
Downgrade Neutral
Sep 13, 2019
Citigroup
Maintains Neutral ▼ Lowers $9.5 → $9
Dec 7, 2018
Citigroup
Initiates Neutral Announces $8.5
Aug 21, 2018
Goldman Sachs
Initiates Neutral Announces $10.5
Aug 17, 2018
Credit Suisse
A. Kligerman
Maintains Neutral ▼ Lowers $11 → $10
Jul 17, 2018
RBC Capital
Initiates Outperform Announces $10
Apr 25, 2018
Credit Suisse
Initiates Neutral Announces $11
Mar 2, 2018
UBS
Initiates Buy Announces $12
Feb 7, 2018
Piper Sandler
Upgrade Buy

Income statement

2023 2022 2021 2019
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2019-12-31
Total reported revenue 4.27B 2.24B 3.39B 1.81B
Cost of revenue
Gross profit
Operating expense
Research & development
Selling general and admin 232.00M 157.00M 129.00M 78.00M
Other operating expenses 241.00M -80.00M 61.00M 87.00M
Operating income
Non operating interest income
Income 1.43B 1.21B 1.06B
Expense 97.00M 29.00M 29.00M 32.00M
Other income expense 58.00M 33.00M 30.00M
Pretax income -35.00M 793.00M 1.55B 421.00M
Tax provision 23.00M 158.00M 320.00M 60.00M
Net income -58.00M 635.00M 1.24B 412.00M
Basic EPS -0.47 5.52 11.81 20.23
Diluted EPS -0.47 5.52 11.81 20.23
Basic average shares 124.00M 115.00M 105.00M 18.84M
Diluted average shares 124.00M 115.00M 105.00M 18.84M
EBITDA
Net income from continuing op. -58.00M 635.00M 1.24B 412.00M
Minority interests
Preferred stock dividends

Balance sheet

2023 2022 2021 2020
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Total assets
Current assets
Cash
Cash equivalents
Cash and cash equivalents 1.56B 960.00M 1.53B 889.00M
Other short term investments 41.87B 32.77B 30.34B 25.96B
Accounts receivable 8.96B 5.42B 3.61B 3.18B
Other receivables
Inventory
Prepaid assets 931.00M 941.00M 613.00M 421.00M
Restricted cash
Assets held for sale
Hedging assets
Other current assets
Non current assets
Properties
Land and improvements
Machinery furniture equipment
Construction in progress
Leases
Accumulated depreciation
Goodwill 7.71B 6.93B 5.75B 5.43B
Investment properties
Financial assets
Intangible assets 4.21B 3.43B 2.23B 1.92B
Investments and advances 45.55B 36.05B 33.86B 28.17B
Other non current assets
Total liabilities
Current liabilities
Accounts payable 378.00M 231.00M 220.00M 206.00M
Accrued expenses 651.00M 559.00M 281.00M 359.00M
Short term debt
Deferred revenue
Tax payable 5.00M 3.00M 7.00M
Pensions
Other current liabilities
Non current liabilities
Long term debt 1.77B 1.13B 991.00M 603.00M
Provision for risks and charges
Deferred liabilities 24.00M
Derivative product liabilities 588.00M 178.00M 649.00M 522.00M
Other non current liabilities
Shareholders equity
Common stock
Retained earnings 1.93B 2.06B 1.00B 136.00M
Other shareholders equity -1.99B -2.82B 734.00M 1.20B
Total shareholders equity 3.10B 2.41B 4.49B 4.07B
Additional paid in capital 3.19B 3.16B 2.75B 2.74B
Treasury stock 18.00M
Minority interest

Cash flow statement

2023202220212019
Operating Activities
Net Income-58.00M635.00M1.24B412.00M
Depreciation
Deferred Taxes
Stock-Based Compensation23.00M12.00M9.00M4.00M
Other Non-Cash Items-160.00M-403.00M-235.00M-124.00M
Accounts Receivable94.00M148.00M149.00M7.00M
Accounts Payable
Other Assets & Liabilities487.00M-305.00M283.00M227.00M
Operating Cash Flow386.00M87.00M1.45B526.00M
Investing Activities
Capital Expenditures-27.00M-32.00M-33.00M-15.00M
Net Intangibles
Net Acquisitions-1.14B-987.00M-1.77B-588.00M
Purchase of Investments-13.37B-14.09B-14.56B-5.83B
Sale of Investments5.28B5.43B9.35B4.85B
Investing Cash Flow-9.26B-9.68B-7.01B-1.58B
Financing Activities
Long-Term Debt Issuance
Long-Term Debt Payments
Other Financing Charges3.15B5.08B5.24B1.37B
Financing Cash Flow2.84B5.08B5.24B1.29B
Other Cash Details
End Cash Position1.56B960.00M1.53B935.00M
Income Tax Paid4.00M44.00M
Interest Paid84.00M34.00M30.00M
Free Cash Flow5.81B3.14B1.84B637.00M
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F&G Annuities & Life Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call Article
F&G Annuities & Life Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call
DES MOINES, Iowa , Feb. 6, 2025 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) ("F&G"), a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, will release fourth quarter and full year 2024 earnings after the close of regular market trading on Thursday, February 20, 2025. A webcast and conference call to discuss the results will follow at 9:00 a.m.
PRNewsWire Neutral
Feb 6, 2025
Fidelity National Financial Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call Article
Fidelity National Financial Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call
JACKSONVILLE, Fla. , Feb. 6, 2025 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF) ("FNF"), a leading provider of title insurance and transaction services to the real estate and mortgage industries and a leading provider of insurance solutions serving retail annuity and life customers and institutional clients through its majority-owned, publicly traded subsidiary F&G Annuities & Life, Inc. (NYSE:FG) ("F&G"), will release fourth quarter and full year 2024 earnings after the close of regular market trading on Thursday, February 20, 2025.
PRNewsWire Neutral
Feb 6, 2025
New Preferred Stock IPOs, January 2025 Article
New Preferred Stock IPOs, January 2025
January saw five new preferred stock and exchange traded debt offerings with yields ranging from 6.5% to 9.125%. Notable new offerings include Gladstone Investment Corp.'s notes at 7.875%, American National Group's preferred stock at 7.375%, and Southern Company's notes at 6.5%. Investors can purchase new preferred stocks at wholesale prices on the OTC exchange, potentially avoiding capital loss if prices drop.
Seeking Alpha Neutral
Jan 30, 2025
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