FG
F&G Annuities & Life, Inc.
FG's fundamentals are mixed, but it looks cheap: trading at 3.1x earnings, about a third of its usual 8.8x. Analysts expect earnings growth.
FG Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Strong | |
| N/A | |
| N/A |
FG's profitability is currently strong, but its revenue is under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like FG.
FG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 3.1x | $23.62 | — |
| Forward | 5.7x | $23.62 | — |
| Cheap | 7.2x | $54.82 | +132% |
| Fair | 8.7x | $66.51 | +182% |
| Expensive | 17x | $128 | +442% |
Historical ranges are pointers, not guarantees.
FG's PE is in its cheap range at 3.1x. On analysts' estimates for next year's earnings, today's price would be 5.7x.
FG Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect FG's earnings to grow and its profitability to improve, with its revenue holding steady.
FG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.15 | -46% |
| Q3 2026 | $7.61 | +121% |
| Q2 2026 | $2.98 | +19% |
| Q1 2026 | $3.86 | +1.6% |
| Q4 2025 | $1.88 | -61% |
| Q3 2025 | $3.44 | +$3.49 |
| Q2 2025 | $2.51 | +1.2% |
| Q1 2025 | $3.80 | +93% |
| Q4 2024 | $4.88 | +$5.35 |
FG earned $7.61 per share over the past year, up 121% from the year before.
FG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.1B | -33% |
| Q2 2026 | $1.4B | +4.2% |
| Q1 2026 | $1.2B | +31% |
| Q4 2025 | $1.8B | +13% |
| Q3 2025 | $1.7B | +17% |
| Q2 2025 | $1.4B | +16% |
| Q1 2025 | $908M | -42% |
| Q4 2024 | $1.6B | -3.3% |
FG's revenue has held roughly level: $1.1B last quarter, down 33% from the same quarter a year ago.
FG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $982M | +4.8% |
| Q2 2026 | $1.5B | -8.2% |
| Q1 2026 | $743M | -22% |
| Q4 2025 | $1.2B | -12% |
| Q3 2025 | $937M | -55% |
| Q2 2025 | $1.6B | +54% |
| Q1 2025 | $956M | -38% |
| Q4 2024 | $1.3B | -41% |
FG's free cash flow was $4.4B over the past year, down 9.4% from the year before. Free cash flow isn't a meaningful measure for financial services companies like FG.
FG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.8% | +5M shares |
| 1 year | -2.9% | -4M shares |
| 3 years | +8% | +10M shares |
FG has 135M diluted shares, down 2.9% from a year ago, with $130M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $94M |
| Q1 2026 | $29M |
| Q4 2025 | $7M |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $3M |
| Q4 2024 | $6M |
FG spent $130M buying back its own shares over the past year, more than ten times what it spent the year before.
FG Net Leverage
FG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.3 | Neutral |
| Stochastic | 38.0 | Neutral |
FG's weekly RSI is 47 (neutral) and its Stochastic is 38 (neutral).
FG PE vs Financial Services Sector
| Metric | FG | Sector median | Relative |
|---|---|---|---|
| PE | 3.1x | 13x | 76% below |
| PE % | 5 | 55 | 50 pts below |
FG is trading at 3.1x earnings, a 76% discount to the Financial Services sector's median of 13x.
FG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $21.5 | 10% above |
| 20 week MA | $24.6 | 4.1% below |
| 50 week MA | $26.4 | 11% below |
| 100 week MA | $30.8 | 23% below |
| 200 week MA | $32.5 | 27% below |
FG has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 27% below its 200-week average.
FG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2022 | $25.0 | $20.2 | -19% |
| 2023 | $20.2 | $46.0 | +127% |
| 2024 | $46.0 | $41.5 | -9.7% |
| 2025 | $41.5 | $32.1 | -23% |
| 2026 YTD | $32.1 | $23.6 | -26% |
FG has finished lower in three of the last four years. It's down 26% so far in 2026.