F&G Annuities & Life, Inc. (FG) Key Metrics
FG valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $2.56B
- Enterprise value
- $2.99B
- P/E (TTM)
- 6.5 10-yr median 8.5
- Forward P/E
- 4.9
- PEG ratio
- —
- Price / sales
- 0.4 10-yr median 1.0
- Price / book
- 0.6 10-yr median 1.3
- EV / EBITDA
- —
- Dividend yield
- 5.11% $1.00 a year
- Beta
- 1.26
FG key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFG valuation Price multiples at each fiscal year-end price.
FG returns How much profit the business earns on the capital it uses.
FG per-share figures Results divided by the shares outstanding at year-end.
FG financial health Debt, liquidity and how easily interest is covered.
FG efficiency & capital use Working capital cycle and where the cash goes.
FG valuation history
FG returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FG cash returned to shareholders
FG price vs earnings per share
FG key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $4.07B | $5.43B | $5.70B | $2.30B | — | — | — | — | — | — |
| Enterprise value | −$47.88B | −$40.97B | −$35.97B | −$29.77B | — | — | — | — | — | — |
| P/E ratio | 15.4 | 8.5 | — | 3.6 | — | — | — | — | — | — |
| Price / sales | 0.7 | 1.0 | 1.3 | 1.0 | — | — | — | — | — | — |
| Price / book | 0.8 | 1.4 | 1.8 | 1.3 | — | — | — | — | — | — |
| Price / free cash flow | 0.9 | 0.9 | 1.0 | 0.7 | — | — | — | — | — | — |
| Price / operating cash flow | 0.9 | 0.9 | 1.0 | 0.7 | — | — | — | — | — | — |
| EV / sales | -8.4 | -7.6 | -8.4 | -13.3 | — | — | — | — | — | — |
| Earnings yield | 6.5% | 11.8% | −1.0% | 27.6% | — | — | — | — | — | — |
| Free cash flow yield | 114.6% | 110.1% | 101.8% | 136.4% | — | — | — | — | — | — |
| Dividend yield | 3.4% | 2.2% | 1.8% | 0.0% | — | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 3.6% | 2.4% | 2.1% | 0.0% | — | — | — | — | — | — |
| Share price at fiscal year-end | $30.85 | $41.44 | $46.00 | $20.01 | — | — | — | — | — | — |
| Per share | ||||||||||
| Revenue per share | $43.42 | $41.38 | $34.44 | $19.47 | $32.24 | $9.53 | — | — | — | — |
| Earnings per share | $2.01 | $4.88 | −$0.47 | $5.52 | $11.81 | −$1.19 | — | — | — | — |
| Operating cash flow per share | $35.46 | $45.79 | $47.05 | $27.57 | $17.82 | $0.42 | — | — | — | — |
| Free cash flow per share | $35.35 | $45.61 | $46.83 | $27.30 | $17.50 | $0.23 | — | — | — | — |
| Cash per share | $410.50 | $370.85 | $350.27 | $293.34 | $303.50 | $178.96 | — | — | — | — |
| Book value per share | $36.39 | $30.16 | $25.02 | $15.79 | $42.71 | $27.16 | — | — | — | — |
| Tangible book value per share | −$27.66 | −$29.01 | −$23.01 | −$31.23 | $4.71 | $2.67 | — | — | — | — |
| Dividends per share | $1.04 | $0.92 | $0.81 | $0.00 | $137.78 | $93.87 | — | — | — | — |
| Capex per share | $0.11 | $0.18 | $0.22 | $0.28 | $0.31 | $0.19 | — | — | — | — |
| Debt per share | $16.95 | $16.65 | $14.23 | $14.44 | $1,103.57 | $695.33 | — | — | — | — |
| Shares outstanding | 132.0M | 131.0M | 124.0M | 115.0M | 105.0M | 150.0M | — | — | — | — |
| Change in shares outstanding | +0.8% | +5.6% | +7.8% | +9.5% | −30.0% | — | — | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 6.1% | 18.1% | −2.4% | 20.2% | 29.0% | −5.2% | 0.7% | −0.0% | −1.7% | −0.0% |
| Return on invested capital (ROIC) | — | — | — | — | 1.4% | 1.2% | 0.5% | 0.1% | 0.4% | −0.0% |
| Return on assets (ROA) | 0.3% | 0.8% | −0.1% | 1.2% | 2.8% | −0.5% | 0.2% | −0.0% | −0.6% | −0.0% |
| Return on tangible assets | 0.3% | 0.8% | −0.1% | 1.3% | 2.8% | −0.5% | 1.2% | −0.0% | −0.3% | −0.0% |
| Free cash flow margin | 81.4% | 110.2% | 136.0% | 140.2% | 54.3% | 2.4% | 35.1% | 125.2% | 50.9% | −60.7% |
| Income quality (OCF / net income) | 17.66 | 9.39 | — | 4.99 | 1.51 | — | 1.58 | — | — | — |
| Financial health | ||||||||||
| Total debt | $2.24B | $2.18B | $1.76B | $1.66B | $115.88B | $104.30B | $97.79B | $541.0M | $412.0M | — |
| Cash & short-term investments | $54.19B | $48.58B | $43.43B | $33.73B | $31.87B | $26.84B | $969.0M | $66.30B | $74.18B | $1.0M |
| Net debt | −$51.95B | −$46.40B | −$41.67B | −$32.07B | $84.01B | $77.46B | $96.82B | −$65.76B | −$73.77B | −$1.0M |
| Debt / equity | 0.47 | 0.55 | 0.57 | 0.91 | 25.84 | 25.60 | 35.43 | 0.01 | 0.00 | — |
| Debt / assets | 0.02 | 0.03 | 0.03 | 0.03 | 2.38 | 2.62 | 2.66 | 0.00 | 0.00 | — |
| Net debt / EBITDA | −45.09 | −31.37 | −87.91 | −27.99 | 45.36 | 557.24 | 166.64 | — | — | — |
| Current ratio | — | 4.12 | 114.39 | 170.35 | 161.50 | 145.76 | 7.51 | 1.25 | 1.68 | 1.41 |
| Quick ratio | — | 4.12 | 257.23 | 181.91 | 170.89 | 126.05 | −24.32 | 0.23 | 0.11 | 1.41 |
| Interest coverage | 2.0 | 5.9 | -0.4 | 27.3 | 53.5 | — | 13.2 | — | — | — |
| Working capital | — | $36.79B | $41.62B | $39.12B | $35.31B | $29.82B | $840.0M | $976.0M | $2.11B | $325,040 |
| Invested capital | −$47.15B | −$42.45B | −$38.57B | −$30.26B | $88.49B | $81.53B | $99.58B | $41.39B | $60.28B | $690.9M |
| Tangible asset value | −$3.54B | −$3.67B | −$2.85B | −$3.59B | $495.0M | $400.0M | $838.0M | $105.32B | $132.73B | $691.9M |
| Net current asset value | −$92.03B | −$32.38B | −$25.12B | −$13.91B | −$8.71B | −$5.66B | −$32.98B | −$253.73B | −$236.06B | $1.0M |
| Graham number | $40.55 | $57.53 | — | $44.29 | $106.54 | — | — | — | — | — |
| Graham net-net per share | −$197.77 | −$170.66 | −$347.86 | −$144.75 | −$101.55 | −$29.47 | — | — | — | — |
| Capital allocation | ||||||||||
| Dividends paid | $137.0M | $121.0M | $101.0M | $0 | $14.47B | $14.08B | $9.0M | $9.0M | $9.0M | $9.0M |
| Share buybacks (net) | $10.0M | $12.0M | $18.0M | $0 | $84.87B | $71.48B | $65.0M | $4.0M | $32.34B | — |
| Dividend payout ratio | 51.7% | 18.9% | — | 0.0% | — | — | 2.2% | — | — | — |
| Dividends + buybacks / free cash flow | 3.2% | 2.2% | 2.0% | 0.0% | — | — | 11.6% | 1.5% | — | — |
| Capex / revenue | 0.3% | 0.4% | 0.6% | 1.4% | 1.0% | 2.0% | 0.8% | 1.0% | 0.6% | 1,127.4% |
| Capex / operating cash flow | 0.3% | 0.4% | 0.5% | 1.0% | 1.8% | 44.4% | 2.3% | 0.8% | 1.2% | — |
| Capex / depreciation | 0.02 | 0.04 | 0.07 | 0.10 | 0.07 | — | 0.12 | — | — | — |
| Stock-based compensation / revenue | 0.5% | 0.5% | 0.5% | 0.5% | 0.3% | 0.5% | 0.2% | 0.6% | −0.6% | — |
| SG&A / revenue | 5.1% | 5.5% | 5.4% | 7.0% | 3.8% | 1,392.7% | 4.3% | 21.1% | 6.7% | 131.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 987.1 | 752.6 | 624.1 | 756.4 | 369.0 | 3,332.1 | 4,641.7 | 10,539.3 | 3,295.0 | — |
| Days of inventory on hand | — | — | -2,829.8 | -767.4 | 188.5 | 8.8 | 1,281.6 | 9.8 | 12.6 | — |
| Days payables outstanding | 20.9 | 28.2 | 31.3 | 73.1 | 40.2 | 1.2 | 276.3 | 1.1 | 0.2 | — |
| Cash conversion cycle (days) | 966.2 | 724.5 | -2,237.0 | -84.1 | 517.3 | 3,339.7 | 5,647.1 | 10,548.0 | 3,307.3 | — |
| Receivables turnover | 0.37 | 0.48 | 0.58 | 0.48 | 0.99 | 0.11 | 0.08 | 0.03 | 0.11 | — |
| Payables turnover | 17.46 | 12.96 | 11.67 | 4.99 | 9.07 | 303.05 | 1.32 | 330.82 | 1,704.59 | 0.00 |
| Inventory turnover | — | — | — | — | — | 41.52 | 0.28 | 37.17 | 29.05 | — |
| Asset turnover | 0.06 | 0.07 | 0.07 | 0.04 | 0.08 | 0.04 | 0.01 | 0.00 | 0.01 | 0.00 |
| Average receivables | $15.50B | $11.18B | $7.30B | $4.64B | $3.42B | $13.05B | $23.06B | $20.53B | $17.87B | — |
| Average payables | $227.0M | $292.5M | $304.5M | $225.5M | $213.0M | $559.5M | $869.0M | $495.0M | $82.7M | $491,765 |
| Average inventory | — | — | −$27.55B | −$2.37B | $998.0M | $4.08B | $4.03B | $4.41B | $4.86B | — |
| Intangibles / total assets | 8.6% | 9.1% | 8.5% | 9.8% | 8.2% | 9.2% | 5.2% | 0.5% | 0.4% | 0.0% |
Computed from FG's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FG valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), F&G Annuities & Life traded at 15.4 times earnings, against a 10-year median of 8.5. Based on the latest twelve months, the trailing P/E is 6.5 and the forward P/E is 4.9. F&G Annuities & Life earned a return on equity of 6.1% in fiscal 2025. It ended the year with $2.2 billion of debt and $54.2 billion in cash and short-term investments, a net cash position of $51.9 billion. It returned $147.0 million to shareholders: $137.0 million in dividends and $10.0 million in share buybacks, 3% of free cash flow.
See the FG income statement, the FG chart for price history, or the FG stock overview for the latest quote and news.
FG key metrics FAQ
What is F&G Annuities & Life's P/E ratio?
F&G Annuities & Life's trailing P/E ratio is 6.5 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 4.9. At the end of fiscal 2025 it was 15.4, compared with a 10-year median of 8.5.
What is F&G Annuities & Life's return on equity?
F&G Annuities & Life's return on equity (ROE) was 6.1% in fiscal 2025: net income of $265.0 million on average shareholders' equity of $4.4 billion.
How much debt does F&G Annuities & Life have?
F&G Annuities & Life had total debt of $2.2 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.47 and more cash than debt.
What is F&G Annuities & Life's dividend yield?
F&G Annuities & Life's forward dividend yield is 5.11%. F&G Annuities & Life paid $137.0 million in dividends in fiscal 2025 ($1.04 per share), a payout ratio of 51.7%.
Does F&G Annuities & Life buy back its shares?
Yes. F&G Annuities & Life spent $10.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.8% over the year, to 132.0M..
What is F&G Annuities & Life's free cash flow yield?
F&G Annuities & Life generated $4.7 billion of free cash flow in fiscal 2025, a free cash flow yield of 114.6% on its market value at year-end ($4.1 billion).