Pulling SEC filings + quote and writing the call…

F&G Annuities & Life, Inc.
Next earnings Aug 4, 2026 · consensus $0.96 EPS, $790M rev
Last earnings +0.2% on 2026-05-06
Cheap on headline P/E but 2025 EPS collapsed 62% and 19x leverage leaves little margin for rate/credit shocks — a hold.
Sources: SEC EDGAR (CIK 0001934850, latest 10-Q filed 2026-05-07) · EODHD · analysis by claude-code · as of 6/25/2026, 1:30:39 PM.
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Middling fundamentals and a rich price (~49% above fair value) leave little margin of safety — a wait-and-see.
F&G is a fast-growing annuity writer benefiting from the demographic tailwind management itself flags — 11,000 Americans turning 65 every day and a projected 30% increase in the 65-100 cohort over 25 years. Total assets jumped to $98.4B (+15.9% YoY) as the company scaled its fixed and indexed annuity book, and stockholders' equity grew 21.6% to $4.80B. At 0.6x sales and 14.1x trailing EPS the headline multiples look undemanding for an insurer riding that wave.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $3.97B | $2.35B | $4.50B | $5.74B | $5.73B |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $1.24B | $635M | -$58.0M | $639M | $265M |
| Diluted EPS | $11.81 | $5.52 | -$0.47 | $4.88 | $1.88 |
| Net margin | 31.2% | 27.0% | -1.3% | 11.1% | 4.6% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Entered material agreement alongside executive officer change; terms reshape leadership/contract
Q1 2026 detail: assets still scaling past $98B; profitability trend remains pressured
Q1 2026 results released with investor materials; covered under Reg FD disclosure
DEF 14A proxy: annual meeting, board slate and exec-pay vote
Other-event disclosure with exhibits; no earnings or M&A item triggered
FY2025 10-K: revenue flat, NI -58%, EPS -61%; assets +16% but ROE only 5.5%
FY2025 earnings release: net income fell 58% YoY to $265M, EPS $1.88
Other-event disclosure; likely capital, reinsurance, or dividend-related update
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
1047 tracked peers · median
| 2026-04-01 | Murphy Conor President and CFO | Tax | 10.6K @ $25.79 | $272K |
| 2026-04-01 | QUIRK RAYMOND R Director | Award | 1.07K | |
| 2026-04-01 | Nolan Michael Joseph Director | Award | 1.07K | |
| 2026-04-01 | Ammerman Douglas K Director | Award | 863.00 | |
| 2026-03-24 | Gravelle Michael L EVP, General Counsel & Corp S | Tax | 855.00 @ $24.28 | $20.8K |
| 2026-03-13 | Doka Celina J. Wang Director | Buy | 4.76K @ $20.98 | $99.9K |
| 2026-03-13 | Blunt Christopher O Chief Executive Officer | Buy | 10.0K @ $20.99 | $210K |
| 2026-02-27 | Young Wendy J.B. EVP, CLO & Treasurer | Tax | 4.14K @ $22.65 | $93.8K |
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.