F&G Annuities & Life, Inc.

NYSE:FG Stock Report

Market Cap: US$3.8b

F&G Annuities & Life Future Growth

Future criteria checks 1/6

F&G Annuities & Life's revenue is forecast to decline at 16.6% per annum while its annual earnings are expected to grow at 6.6% per year. EPS is expected to grow by 4.7% per annum.

Key information

6.6%

Earnings growth rate

4.67%

EPS growth rate

Insurance earnings growth2.1%
Revenue growth rate-16.6%
Future return on equityn/a
Analyst coverage

Low

Last updated02 Jul 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 24

FG: Leadership Changes And Index Inclusion Will Support Balanced Return Potential

Analysts have maintained their $27.00 price target for F&G Annuities & Life, citing relatively steady fair value assumptions, a slight adjustment to the discount rate, and consistent revenue growth, profit margin, and future P/E inputs in their models. What's in the News F&G Annuities & Life announced that Chief Executive Officer Chris Blunt will retire from his current role, while continuing as a Director of F&G and Chief Executive Officer of subsidiary Peak Altitude Equity, LLC.
Analysis Article • Jun 21

F&G Annuities & Life (FG) Stock Looks Fully Priced After CEO Transition വാർത്ത

F&G Annuities & Life (FG) is undergoing a leadership transition, with CEO Chris Blunt set to retire, President and CFO Conor Murphy stepping up as CEO and President, and Michael Bailey appointed as incoming CFO. See our latest analysis for F&G Annuities & Life. The leadership reshuffle comes as F&G Annuities & Life’s share price has shown mixed momentum, with a 1 day share price return of 2.61% and a 90 day share price return of 16.58%. However, the year to date share price return is down...
Narrative Update • Jun 03

FG: Index Additions And Buybacks Will Support Balanced Return Potential

Analysts maintained their $27.00 price target on F&G Annuities & Life, citing updated assumptions that include a slightly higher discount rate, modestly weaker revenue growth and profit margin expectations, and a higher future P/E multiple. What's in the News F&G Annuities & Life, Inc.
Seeking Alpha • May 28

F&G Annuities & Life Remains Dramatically Undervalued

Summary F&G Annuities & Life remains deeply undervalued, trading well below book value despite manageable private credit and alternative investment risks. FG’s investment portfolio is conservatively structured, with 97% investment-grade fixed income and limited software sector exposure, supporting downside protection. Strategic alternatives for the Peak unit and a shift toward fee-based earnings could unlock additional value and diversify revenue streams. I maintain a "Strong Buy" rating with a $35 price target, supported by robust sales, disciplined capital return, and fading market fears. Read the full article on Seeking Alpha
Narrative Update • May 12

FG: Weaker Revenue Outlook And Buybacks Will Shape Balanced Return Potential

Analysts have lowered their price target for F&G Annuities & Life from $37.43 to $27.00, citing updated assumptions that now combine a higher discount rate and sharply weaker revenue outlook with a stronger profit margin and a lower future P/E multiple. What's in the News The Board of Directors authorized a new share buyback plan on March 16, 2026, indicating an updated capital return framework for shareholders (Key Developments).
Analysis Article • May 10

F&G Annuities & Life, Inc.'s (NYSE:FG) Business And Shares Still Trailing The Market

With a price-to-earnings (or "P/E") ratio of 8.4x F&G Annuities & Life, Inc. ( NYSE:FG ) may be sending very bullish...
Seeking Alpha • Mar 22

F&G Annuities & Life: Questionable Share Issuance Leads To An Overreaction (Rating Upgrade)

Summary Shares of F&G Annuities & Life dropped 15% after a surprising secondary equity issuance, raising concerns about the timing and structure of the deal. The issuance priced shares at $33.60, below book value, creating a high hurdle for return on equity and potential dilution of long-term value. Despite strong organic growth and capital needs, the decision to issue equity at a low price is a questionable capital allocation decision. With a revised fair value of $41-42, I upgrade FG to a "buy" for long-term investors, though management needs to regain trust. Read the full article on Seeking Alpha
Seeking Alpha • Nov 08

F&G Annuities & Life: Another Solid Quarter, But Valuation Has Caught Up (Rating Downgrade)

Summary F&G Annuities & Life has seen a strong performance, gaining 47% over the past year, driven by favorable interest rates and high annuity demand. Q3 earnings beat estimates with $1.22 per share, up from $0.96 last year, supported by balance sheet growth and improving investment spreads. F&G maintains a conservative product mix while instead taking more risk on its investment portfolio, primarily in less-liquid asset classes. Given the recent stock performance and limited upside potential, I am moving F&G shares to a hold, with a fair value of $47/share. Read the full article on Seeking Alpha
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New Narrative • Aug 29

Strategic Moves And Market Adaptations Set To Boost Margins And Diversify Earnings

Strategic investments and growth in own distribution channels are set to significantly boost sales and diversify earnings.
Seeking Alpha • Aug 06

F&G Annuities & Life: Solid Q2 Should Calm Investment Portfolio Fears

Summary F&G Annuities & Life stock has risen 34% over the past year but is down nearly 20% since its recent high amid concerns about its investment portfolio. The company's earnings beat consensus by $0.02, with record gross sales and net sales up 30% from last year as consumers take advantage of the rate environment. FG stock maintains a more aggressive investment portfolio, but realized credit losses are likely to stay low, making shares attractive. Read the full article on Seeking Alpha
Analysis Article • Jul 23

Market Participants Recognise F&G Annuities & Life, Inc.'s (NYSE:FG) Earnings

With a price-to-earnings (or "P/E") ratio of 22.4x F&G Annuities & Life, Inc. ( NYSE:FG ) may be sending bearish...
Analysis Article • May 30

F&G Annuities & Life (NYSE:FG) Has Affirmed Its Dividend Of $0.21

F&G Annuities & Life, Inc.'s ( NYSE:FG ) investors are due to receive a payment of $0.21 per share on 28th of June...
Seeking Alpha • May 11

F&G Annuities & Life: Solid Q1 Despite Mixed Alternative Returns

Summary F&G Annuities & Life has seen a significant rise in its stock price over the past year, driven by higher rates and strong investment returns. The company reported solid quarterly results, but alternative investment returns were weaker, leading to modest profit taking by investors. F&G has benefited from increased demand for annuities in the elevated interest rate environment, with gross sales rising by 6%. With its aggressive investment portfolio, F&G earns a strong investment spread, but credit losses could rise in a recession. Read the full article on Seeking Alpha
Seeking Alpha • Feb 26

F&G Annuities & Life: Q4 Is Unlikely To Change The Company's Trajectory

Summary F&G Annuities & Life's stock dropped 10% after Q4 results, but it was already slightly overvalued. F&G is an independent fixed annuity provider in the US, but may not remain independent for long after June 1, 2025. In acquisition, F&G's price should be close to its BVPS ex-AOCI. Shareholders are expected to harvest annual returns close to or slightly higher than the company's ROE of 10%. Slightly elevated Q4 surrenders are unlikely to become a major issue. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:FG - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20283,650623N/AN/A1
12/31/20273,425572N/AN/A1
12/31/20263,113N/AN/AN/A1
3/31/20266,0105174,4564,468N/A
12/31/20255,7312484,6664,681N/A
9/30/20255,5594474,8164,833N/A
6/30/20255,3093235,9655,986N/A
3/31/20255,0834865,3995,421N/A
12/31/20245,7446225,9755,999N/A
9/30/20245,834N/A6,8766,901N/A
6/30/20245,2413165,5815,606N/A
3/31/20245,2372485,9035,931N/A
12/31/20234,500-585,8075,834N/A
9/30/20233,535654,8694,895N/A
6/30/20233,593-545,2345,260N/A
3/31/20232,5022014,1584,185N/A
12/31/20222,3836353,1393,171N/A
9/30/20223,4299322,7132,754N/A
6/30/20223,4461,1212,0862,127N/A
3/31/20224,0399162,0202,058N/A
12/31/20213,9701,2321,8381,871N/A
3/31/20212,393479561564N/A
12/31/20201,430-473563N/A
3/31/20201,178-33301314N/A
12/31/20191,894330N/A652N/A
9/30/20191,339103N/A1,087N/A
6/30/20191,32894N/A1,133N/A
3/31/20191,17389N/A1,028N/A
12/31/2018711-16N/A897N/A
9/30/20182,146-1,031N/A1,260N/A
6/30/20181,703-1,079N/A1,083N/A
3/31/20181,743-1,080N/A985N/A
12/31/20171,980-1,116N/A1,020N/A
9/30/201775755N/A23N/A
6/30/201775654N/A23N/A
3/31/201737622N/A-1N/A
12/31/201610N/A-1N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FG's forecast earnings growth (6.6% per year) is above the savings rate (3.5%).

Earnings vs Market: FG's earnings (6.6% per year) are forecast to grow slower than the US market (18.1% per year).

High Growth Earnings: FG's earnings are forecast to grow, but not significantly.

Revenue vs Market: FG's revenue is expected to decline over the next 3 years (-16.6% per year).

High Growth Revenue: FG's revenue is forecast to decline over the next 3 years (-16.6% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if FG's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/09 21:50
End of Day Share Price 2026/07/09 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

F&G Annuities & Life, Inc. is covered by 7 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark DeVriesBarclays
Taylor ScottBarclays
Taylor ScottGoldman Sachs