F&G Annuities & Life Inc (FG)

In the past six months, F&G's stock reached a new 52-week low on October 16, 2025, reflecting a significant decline of 34.94% over the past year. The company reported its second-quarter 2025 earnings around August 5-7, 2025, with EPS missing analysts' forecasts but revenue beating estimates. F&G declared a quarterly cash dividend of $0.22 per common share on August 7, 2025, and announced a strategic partnership with a $1 billion reinsurance vehicle backed by Blackstone-managed funds around August 6, 2025. Unisys transferred approximately $320 million of its U.S. defined benefit pension obligations to F&G on September 29, 2025. Barclays cut F&G's price target to $35.00 per share on October 8, 2025. An article on October 15, 2025, suggested that F&G's private credit exposure is manageable. A surprise equity issuance in March 2025 and weaker-than-expected Q1 results in early May 2025 impacted the stock performance.

Specific seasonality for F&G Annuities & Life, Inc. products is not extensively detailed, but the broader life insurance and annuity market exhibits certain trends. Annuity sales have reached record highs due to higher interest rates, an aging population, and stock market volatility. Life insurance demand remains strong but faces challenges from consumer misperceptions about affordability. There can be biases in stock performance for F&G, with a "short" leaning in October and a statistically strong window culminating around November 15.

F&G Annuities & Life, Inc. (FG) is a financial services company based in Des Moines, Iowa, specializing in annuity and life insurance products, including fixed indexed annuities, RILAs, MYGAs, immediate annuities, and indexed universal life insurance. They also offer pension risk transfer solutions and institutional funding agreements, distributing products through independent agents, banks, and broker-dealers. F&G has been a subsidiary of Fidelity National Financial, Inc. since 2020.

F&G Annuities & Life, Inc. serves customers across the entire United States, with policies offered in every state and the District of Columbia. In New York, products are offered through its wholly-owned subsidiary, Fidelity & Guaranty Life Insurance Company of New York.

F&G Annuities & Life maintains strong financial strength ratings, including an "A Outlook: Stable" from AM Best, and an "A- Outlook: Stable" from S&P Global and Fitch Ratings. Moody's Ratings assigned an "A3 Outlook: Stable". However, the company's credibility was noted as "damaged" following a surprise equity issuance and weaker-than-expected Q1 results, which shook investor confidence. Despite this, F&G Annuities & Life has been ranked among the top Pension Risk Transfer market leaders for the fourth consecutive year.

Fidelity National Financial, Inc. is the largest shareholder of F&G Annuities & Life, Inc., holding approximately 82% of the company's shares. Other major institutional owners include Brave Warrior Advisors, LLC, Vanguard Group Inc, BlackRock, Inc., Dimensional Fund Advisors Lp, Geode Capital Management, Llc, and State Street Corp.