MARKETS / NYSE / FG

NYSE · LIFE INSURANCE · MID CAP

F&G Annuities & Life, Inc. FG

5 fiscal years on record · USD · FY2025 reported · SEC filings only

3 YEARS OF DIVIDEND GROWTH

Revenue

$5.7B

▼ 0.2% YoY

Net income

$265.0M

▼ 58.5% YoY

In brief

What this company does

Through its insurance subsidiaries, including Fidelity & Guaranty Life Insurance Company and Fidelity & Guaranty Life Insurance Company of New York, F&G markets annuities, including fixed indexed annuities, registered index-linked annuities, and multi-year guarantee annuities, as well as pension risk transfer solutions, indexed universal life insurance, and institutional funding agreements. As of December 31, 2025, F&G had approximately 778,000 policyholders of its fixed annuity and life insurance products. It also serves approximately 145,000 plan participants who receive pension payments through its pension risk transfer solutions. As of December 31, 2025, the company had 1,173 full-time equivalent employees. F&G organizes its products into two categories, core and opportunistic. Core products include fixed indexed annuities, registered index-linked annuities, pension risk transfer, and indexed universal life. Opportunistic products include multi-year guaranteed annuities, FABN, and Federal Home Loan Bank funding agreements. F&G was founded in 1959.

Written from the business description in F&G Annuities & Life, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth

USD 5.7B

Revenue, FY2025 · full 5-year series below

Revenue $B Net income $B

FY2025 · Revenue 5.7 · Net income 0.3

Compound annual growth

+34.6%

−25.3%

−30.2%

+65.7%

3 yrs

5 yrs

10 yrs

15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

5 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating — · Net 4.7%

ROE

FY2025 · ROE 6.1%

Gross margin—

Operating margin—

Net margin4.7%

Return on assets0.3%

EBITDA—

Each USD of equity produced 6 cents of profit this year.

Cash & shareholders

—

returned in FY2025 · dividends + net buybacks

Net buybacks $M Dividends $M

FY2025 · Dividends — · Net buybacks -259.0

Dividends paid—

Net buybacksUSD -259.0M

Share of profit0.0%

Consecutive raises3 years

Total assetsUSD 98.4B

EquityUSD 4.8B

CashUSD 1.5B

Gross debtUSD 2.2B

Net debtUSD 751.0M

Net debt stands at 16% of equity.

The 5-year record

5 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021
Revenue $B	5.7	5.7	4.5	2.3	4.0
Operating income $B	·	·	−0.0	0.8	1.6
EBITDA $B	·	·	0.4	1.1	1.8
Income tax $B	0.1	0.1	0.0	0.2	0.3
Net income $B	0.3	0.6	−0.1	0.6	1.2
EPS, diluted $	1.88	4.88	−0.47	5.52	11.81
Dividend / sh $	0.91	0.85	0.81	0.20	·
Payout %	·	·	−174	0	0
ROE %	6.1	18.1	−2.1	17.1	27.2
Shares out B	0.14	0.13	0.13	0.13	0.10

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 16 reconciliationsAUDITED

Reconciled in 6 of 19 fiscal years. 41 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityLife Insurance

Listed onNYSE

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2020