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Companies / Financials / F&G Annuities & Life, Inc.
FG

F&G Annuities & Life, Inc.

FinancialsLife Insurance
Ticker FGDES MOINES, IAFiscal year ends DecemberBook value per share $31.93Diluted shares 137.0M

F&G Annuities & Life, Inc. (NYSE: FG) provides insurance solutions to retail annuity and life customers and institutional clients. Through its insurance subsidiaries, it offers fixed indexed and registered index-linked annuities, fixed-rate and multi-year guaranteed annuities, indexed universal life insurance, pension… From the company’s description.

Over the twelve months to Sep 30, 2026, F&G Annuities & Life, Inc. reported revenue of $5.50B, down 0.4% from a year earlier, and net income of $1.04B. Its operating margin was 19.9%, and operations generated $4.38B in cash. In fiscal 2025, it reported revenue of $5.73B, down 0.2% from fiscal 2024, and net income of $271.00M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$5.73BFY2025
−0.2% year over year
Last 12 mo $5.50B
11.24%FY2025
−2.7 percentage points
Last 12 mo 19.91%
$271.00MFY2025
−57.8% year over year
Last 12 mo $1.04B
5.52%FY2025
−10.7 percentage points
Last 12 mo 23.78%
Cash & financing
$4.68BFY2025
−22.0% year over year
Last 12 mo $4.38B
$4.67BFY2025
−21.9% year over year
Last 12 mo $4.37B
0.47FY2025
Was 0.55× a year earlier
Last 12 mo 0.51
132.0MFY2025
+0.8% year over year
Last 12 mo 137.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What F&G Annuities & Life, Inc. does

In the company’s own words

F&G Annuities & Life, Inc. (NYSE: FG) provides insurance solutions to retail annuity and life customers and institutional clients. Through its insurance subsidiaries, it offers fixed indexed and registered index-linked annuities, fixed-rate and multi-year guaranteed annuities, indexed universal life insurance, pension risk transfer solutions and institutional funding agreements. Retail products serve individuals seeking savings, principal protection, retirement income or life insurance; institutional solutions serve pension plans and institutional investors. F&G distributes through independent agents, banks, broker-dealers and marketing organizations, and its pension risk transfer business serves employers and plan participants. Its business spans retail and institutional markets, with earnings from spread-based insurance products and fee-based reinsurance, life insurance and owned distribution activities. F&G had approximately 778,000 policyholders and served approximately 145,000 pension plan participants as of December 31, 2025; assets under management were $57.6 billion on that date. F&G was acquired by Fidelity National Financial in 2020, and FNF completed public-share distributions in 2022 and 2025 while retaining a majority ownership interest. Its website is www.fglife.com.

Company details
Sector
Financials
Industry (SIC)
Life Insurance
Headquarters
DES MOINES, IA
Fiscal year end
December
CIK
1934850
SIC
6311

Financial performance, year by year

Fiscal 2022–2025 · USD
$-638.20M$1.10B$2.84B$4.58B$6.32B2022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns F&G Annuities & Life, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

250
funds hold it
1 of 35
superinvestors hold it
$389.90M
held by funds, at market
10.9%
of shares held by funds

Superinvestors in F&G Annuities & Life, Inc. · what they did last quarter

Glenn GreenbergDECREASED -53.6%
Brave Warrior Advisors
1.4%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · F&G Annuities & Life, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.03%of fund net assets
First Trust SMID Cap Rising Dividend Achievers ETF
SDVY · First Trust Exchange-Traded Fund VI
0.20%of fund net assets
Nomura Small Cap Value Fund
DEVLX · Delaware Group Equity Funds V
—of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.01%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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