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
×
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
| 2023 | 2022 | 2021 | 2019 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | -58.00M | 635.00M | 1.24B | 412.00M |
| Depreciation | — | — | — | — |
| Deferred Taxes | — | — | — | — |
| Stock-Based Compensation | 23.00M | 12.00M | 9.00M | 4.00M |
| Other Non-Cash Items | -160.00M | -403.00M | -235.00M | -124.00M |
| Accounts Receivable | 94.00M | 148.00M | 149.00M | 7.00M |
| Accounts Payable | — | — | — | — |
| Other Assets & Liabilities | 487.00M | -305.00M | 283.00M | 227.00M |
| Operating Cash Flow | 386.00M | 87.00M | 1.45B | 526.00M |
| 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 Investments | 5.28B | 5.43B | 9.35B | 4.85B |
| Investing Cash Flow | -9.26B | -9.68B | -7.01B | -1.58B |
| Financing Activities | ||||
| Long-Term Debt Issuance | — | — | — | — |
| Long-Term Debt Payments | — | — | — | — |
| Other Financing Charges | 3.15B | 5.08B | 5.24B | 1.37B |
| Financing Cash Flow | 2.84B | 5.08B | 5.24B | 1.29B |
| Other Cash Details | ||||
| End Cash Position | 1.56B | 960.00M | 1.53B | 935.00M |
| Income Tax Paid | 4.00M | — | 44.00M | — |
| Interest Paid | 84.00M | 34.00M | 30.00M | — |
| Free Cash Flow | 5.81B | 3.14B | 1.84B | 637.00M |
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