Financials · FG
For the twelve months ended Sep 30, 2026, F&G Annuities & Life Inc. reported $5.50B of revenue and $1.04B of net income.
FG revenue was $1.13B in fiscal Q3 2026 (ended Sep 30, 2026), down 33.2% from a year earlier and down 20.4% from the prior quarter. For the full fiscal 2025 it was $5.73B, down 0.2% from fiscal 2024. It rose in 2 of the last 4 fiscal years.
FG net income was $740.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 527.1% from a year earlier. For the full fiscal 2025 it was $265.00M, down 58.5% from fiscal 2024.
FG diluted EPS was $5.48 in fiscal Q3 2026 (ended Sep 30, 2026), up 544.7% from a year earlier. For the full fiscal 2025 it was $1.88, down 61.5% from fiscal 2024.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $5.73B | $5.74B | $4.50B | $2.35B | $3.97B |
| Interest expense | - | $132.00M | $97.00M | $29.00M | $29.00M |
| Pre-tax income | - | - | -$35.00M | $793.00M | $1.55B |
| Income tax | $52.00M | $136.00M | $23.00M | $158.00M | $320.00M |
| Net income | $265.00M | $639.00M | -$58.00M | $635.00M | $1.24B |
| EPS, basic | $1.89 | $4.98 | -$0.47 | $5.52 | $11.81 |
| EPS, diluted | $1.88 | $4.88 | -$0.47 | $5.52 | $11.81 |
| Diluted shares | 132.0M | 131.0M | 124.0M | 115.0M | 105.0M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $1.49B | $2.26B | $1.56B | $960.00M | $1.53B |
| Goodwill | $2.18B | $2.18B | $1.75B | $1.75B | $1.76B |
| Total assets | $98.43B | $84.93B | $70.20B | $54.63B | $48.73B |
| Total debt | $2.24B | $2.17B | $1.75B | $1.11B | $977.00M |
| Total liabilities | $93.51B | $80.86B | $67.10B | $52.22B | $44.24B |
| Shareholders' equity | $4.80B | $4.08B | $3.10B | $2.40B | $5.03B |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Operating cash flow | $4.68B | $6.00B | $5.83B | $3.17B | $1.87B |
| Investing cash flow | -$8.43B | -$7.95B | -$8.92B | -$9.37B | -$6.86B |
| Financing cash flow | $2.97B | $2.65B | $3.69B | $5.63B | $5.63B |
| Dividends paid | - | - | $101.00M | $0 | $0 |
| Share repurchases | $10.00M | $12.00M | $18.00M | $0 | $0 |
| Depreciation and amortization | $665.00M | $569.00M | $412.00M | $324.00M | $271.00M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue growth, YoY | -0.2% | 27.6% | 91.6% | -40.9% | - |
| Net income growth, YoY | -58.5% | - | - | -48.8% | - |
| EPS growth, YoY | -61.5% | - | - | -53.3% | - |
| Net margin | 4.6% | 11.1% | -1.3% | 27.0% | 31.2% |
| Return on equity | 5.5% | 15.7% | -1.9% | 26.4% | 24.6% |
| Return on assets | 0.3% | 0.8% | -0.1% | 1.2% | 2.5% |
| Debt to equity | 0.47 | 0.53 | 0.57 | 0.46 | 0.19 |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.13B | $1.42B | $1.19B | $1.76B | $1.69B | $1.36B | $908.00M | $1.56B | $1.44B | $1.17B | $1.57B | $1.61B |
| Interest expense | - | - | - | - | - | $41.00M | $40.00M | $38.00M | $36.00M | $28.00M | $30.00M | $26.00M |
| Income tax | $195.00M | -$19.00M | $74.00M | $31.00M | $11.00M | $15.00M | -$5.00M | $85.00M | -$25.00M | $50.00M | $26.00M | -$76.00M |
| Net income | $740.00M | -$76.00M | $248.00M | $128.00M | $118.00M | $40.00M | -$21.00M | $327.00M | -$6.00M | $203.00M | $115.00M | -$299.00M |
| EPS, basic | $5.71 | -$0.62 | $1.83 | $0.97 | $0.86 | $0.26 | -$0.20 | $2.56 | -$0.08 | $1.60 | $0.90 | -$2.42 |
| EPS, diluted | $5.48 | -$0.62 | $1.78 | $0.97 | $0.85 | $0.26 | -$0.20 | $2.53 | -$0.08 | $1.55 | $0.88 | -$2.40 |
| Diluted shares | 135.0M | 130.0M | 139.0M | - | 139.0M | 134.0M | 126.0M | - | 124.0M | 131.0M | 130.0M | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.56B | $2.10B | $1.32B | $1.49B | $2.19B | $1.88B | $3.29B | $2.26B | $3.54B | $3.53B | $2.37B | $1.56B |
| Goodwill | $2.13B | $2.12B | $2.12B | $2.18B | $2.18B | $2.18B | $2.18B | $2.18B | $2.18B | $2.02B | $2.02B | $1.75B |
| Total assets | $103.81B | $103.59B | $101.03B | $98.43B | $96.14B | $91.82B | $88.01B | $84.93B | $84.12B | $78.51B | $74.43B | $70.20B |
| Total debt | $2.24B | $2.24B | $2.24B | $2.24B | $2.24B | $2.23B | $2.23B | $2.17B | $2.04B | $2.04B | $1.75B | $1.75B |
| Total liabilities | $99.35B | $98.90B | $96.28B | $93.51B | $91.20B | $87.26B | $83.52B | $80.86B | $79.65B | $74.72B | $70.75B | $67.10B |
| Shareholders' equity | $4.37B | $4.69B | $4.75B | $4.80B | $4.94B | $4.56B | $4.49B | $4.08B | $4.47B | $3.79B | $3.68B | $3.10B |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $982.00M | $1.49B | $743.00M | $1.17B | $937.00M | $1.62B | $956.00M | $1.32B | $2.09B | $1.05B | $1.53B | $2.22B |
| Investing cash flow | -$1.35B | $108.00M | -$939.00M | -$2.29B | -$1.87B | -$3.46B | -$809.00M | -$2.81B | -$1.92B | -$1.84B | -$1.38B | -$3.26B |
| Financing cash flow | -$179.00M | -$816.00M | $34.00M | $416.00M | $1.24B | $435.00M | $882.00M | $213.00M | -$161.00M | $1.94B | $659.00M | $863.00M |
| Dividends paid | - | - | - | - | - | - | - | - | - | - | $26.00M | $26.00M |
| Share repurchases | $0 | $94.00M | $29.00M | $7.00M | $0 | $0 | $3.00M | $6.00M | $0 | $0 | $6.00M | $0 |
| Depreciation and amortization | $191.00M | $175.00M | $173.00M | $174.00M | $180.00M | $158.00M | $153.00M | $152.00M | $147.00M | $147.00M | $123.00M | $110.00M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -33.2% | 4.2% | 30.7% | 13.2% | 17.3% | 16.4% | -42.1% | -3.3% | 69.7% | 0.3% | 80.6% | 157.1% |
| Net income growth, YoY | 527.1% | - | - | -60.9% | - | -80.3% | - | - | - | 56.2% | - | - |
| EPS growth, YoY | 544.7% | - | - | -61.7% | - | -83.2% | - | - | - | 49.0% | - | - |
| Net margin | 65.4% | -5.3% | 20.9% | 7.3% | 7.0% | 2.9% | -2.3% | 21.0% | -0.4% | 17.3% | 7.3% | -18.5% |
| Debt to equity | 0.51 | 0.48 | 0.47 | 0.47 | 0.45 | 0.49 | 0.50 | 0.53 | 0.46 | 0.54 | 0.47 | 0.57 |
Source: XBRL data F&G Annuities & Life Inc. files with the SEC, latest filing dated Nov 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| FG | $5.50B | -0.4% | $1.04B | 18.9% | $3.34B |
| MFC | C$8.13B | +7.1% | C$5.57B | 68.5% | $73.04B |
| MET | $82.56B | +14.8% | $5.13B | 6.2% | $64.61B |
| PRU | $61.33B | +6.5% | $3.88B | 6.3% | $41.86B |
| SLF | C$41.90B | +8.0% | C$3.55B | 8.5% | $40.95B |
| PUK | $11.49B | +7.0% | $3.98B | 34.6% | $32.51B |
| RGA | $27.32B | +22.5% | $1.71B | 6.3% | $17.42B |
| CRBG | $20.81B | +13.6% | $2.20B | 10.6% | $15.74B |
| AEG | - | - | €977.00M | - | $15.45B |