F&G Annuities & Life Inc.
F&G Annuities & Life, Inc., together with its subsidiaries, provides annuity and life insurance products in the United States. It offers fixed indexed annuities registered index-linked annuities, and multi-year guarantee annuities; immediate annuities; indexed universal life insurance; pension risk transfer solutions; and institutional funding agreements. The company distributes its products thro… Read more
F&G Annuities & Life Inc. (FG) - Net Assets
Latest net assets as of September 2025: $4.94 Billion USD
Based on the latest financial reports, F&G Annuities & Life Inc. (FG) has net assets worth $4.94 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($96.14 Billion) and total liabilities ($91.20 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.94 Billion |
| % of Total Assets | 5.14% |
| Annual Growth Rate | 24.82% |
| 5-Year Change | 0.05% |
| 10-Year Change | N/A |
| Growth Volatility | 6374.94 |
F&G Annuities & Life Inc. - Net Assets Trend (2016–2024)
This chart illustrates how F&G Annuities & Life Inc. 's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for F&G Annuities & Life Inc. (2016–2024)
The table below shows the annual net assets of F&G Annuities & Life Inc. from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $4.08 Billion | +31.36% |
| 2023-12-31 | $3.10 Billion | +70.87% |
| 2022-12-31 | $1.82 Billion | -59.51% |
| 2021-12-31 | $4.49 Billion | +10.09% |
| 2020-12-31 | $4.07 Billion | +47.61% |
| 2019-12-31 | $2.76 Billion | -97.42% |
| 2018-12-31 | $107.15 Billion | -20.07% |
| 2017-12-31 | $134.05 Billion | +19272.93% |
| 2016-12-31 | $691.93 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to F&G Annuities & Life Inc. 's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 244028022200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.44 Billion | 61.76% |
| Common Stock | $127.90K | 0.00% |
| Other Comprehensive Income | $-1.92 Billion | -48.67% |
| Other Components | $3.43 Billion | 86.91% |
| Total Equity | $3.95 Billion | 100.00% |
F&G Annuities & Life Inc. Competitors by Market Cap
The table below lists competitors of F&G Annuities & Life Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HelloFresh SE
PINK:HLFFF
|
$863.21 Million |
|
Global Brands Manufacture Ltd
TW:6191
|
$863.80 Million |
|
CONSUN PHARMAC.GR.HD -10
F:C1P
|
$863.87 Million |
|
Smartfit Escola de Ginástica e Dança S.A
SA:SMFT3
|
$864.18 Million |
|
Sichuan Crun Co Ltd
SHE:002272
|
$862.71 Million |
|
Realord Group Holdings Limited
F:CUV
|
$861.91 Million |
|
Acuren Corporation
NYSE:TIC
|
$861.59 Million |
|
ATHENS INTERNATIONAL AIRPORT S.
AT:AIA
|
$861.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in F&G Annuities & Life Inc. 's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,103,000,000 to 3,951,000,000, a change of 848,000,000 (27.3%).
- Net income of 639,000,000 contributed positively to equity growth.
- Dividend payments of 121,000,000 reduced retained earnings.
- Share repurchases of 12,000,000 reduced equity.
- New share issuances of 250,000,000 increased equity.
- Other comprehensive income increased equity by 67,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $639.00 Million | +16.17% |
| Dividends Paid | $121.00 Million | -3.06% |
| Share Repurchases | $12.00 Million | -0.3% |
| Share Issuances | $250.00 Million | +6.33% |
| Other Comprehensive Income | $67.00 Million | +1.7% |
| Other Changes | $25.00 Million | +0.63% |
| Total Change | $- | 27.33% |
Book Value vs Market Value Analysis
This analysis compares F&G Annuities & Life Inc. 's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.78x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 97.03x to 0.78x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $0.24 | $23.66 | x |
| 2017-12-31 | $6537.35 | $23.66 | x |
| 2018-12-31 | $5633.40 | $23.66 | x |
| 2019-12-31 | $146.53 | $23.66 | x |
| 2020-12-31 | $27.16 | $23.66 | x |
| 2021-12-31 | $42.71 | $23.66 | x |
| 2022-12-31 | $15.79 | $23.66 | x |
| 2023-12-31 | $25.02 | $23.66 | x |
| 2024-12-31 | $30.16 | $23.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently F&G Annuities & Life Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.17%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.79%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 21.52x
- Recent ROE (16.17%) is above the historical average (8.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -6.73% | -31.59% | 0.00x | 138.40x | $-836.27K |
| 2017 | -0.83% | -56.36% | 0.01x | 2.80x | $-14.52 Billion |
| 2018 | -0.01% | -2.25% | 0.00x | 3.41x | $-10.73 Billion |
| 2019 | 14.93% | 22.72% | 0.05x | 13.30x | $136.00 Million |
| 2020 | -4.37% | -12.45% | 0.04x | 9.76x | $-585.40 Million |
| 2021 | 27.65% | 36.63% | 0.07x | 10.87x | $791.50 Million |
| 2022 | 34.97% | 28.36% | 0.04x | 30.33x | $453.40 Million |
| 2023 | -1.87% | -1.36% | 0.06x | 22.62x | $-368.30 Million |
| 2024 | 16.17% | 11.79% | 0.06x | 21.52x | $243.90 Million |
Industry Comparison
This section compares F&G Annuities & Life Inc. 's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $52,810,304,913
- Average return on equity (ROE) among peers: 25.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| F&G Annuities & Life Inc. (FG) | $4.94 Billion | -6.73% | 18.46x | $862.78 Million |
| AIA Group Ltd (AAIGF) | $181.58 Billion | 2.29% | 0.02x | $75.83 Billion |
| Atlantic American Corporation (AAME) | $31.80 Million | 29.56% | 5.46x | $10.89 Million |
| Abacus Life Inc. (ABL) | $766.89K | 130.06% | 1.40x | $276.35 Million |
| Abacus Global Management, Inc. (ABX) | $1.30 Million | 50.90% | 0.12x | $92.43K |
| Aflac Incorporated (AFL) | $1.75 Billion | 16.71% | 10.58x | $56.35 Billion |
| Anadolu Hayat Emeklilik Anonim Sirketi (AUHYF) | $1.88 Billion | 37.14% | 26.33x | $90.55 Million |
| Brighthouse Financial Inc (BHF) | $14.86 Billion | -19.78% | 13.93x | $3.36 Billion |
| Challenger Limited (CFIGF) | $3.25 Billion | -12.80% | 7.79x | $1.66 Billion |
| Citizens Inc (CIA) | $28.30 Million | 19.53% | 3.74x | $217.00 Million |
| China Life Insurance Co Ltd (CILJF) | $324.71 Billion | 0.30% | 0.01x | $16.34 Billion |