F&G Annuities & Life Inc. (FG) - Net Assets
Based on the latest financial reports, F&G Annuities & Life Inc. (FG) has net assets worth $4.92 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($98.43 Billion) and total liabilities ($93.51 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. Check asset resilience ratio of F&G Annuities & Life Inc. to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.92 Billion |
| % of Total Assets | 5.0% |
| Annual Growth Rate | 24.35% |
| 5-Year Change | 9.63% |
| 10-Year Change | N/A |
| Growth Volatility | 6056.96 |
F&G Annuities & Life Inc. - Net Assets Trend (2016–2025)
This chart illustrates how F&G Annuities & Life Inc. 's net assets have evolved over time, based on quarterly financial data. Also explore F&G Annuities & Life Inc. balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for F&G Annuities & Life Inc. (2016–2025)
The table below shows the annual net assets of F&G Annuities & Life Inc. from 2016 to 2025. For live valuation and market cap data, see F&G Annuities & Life Inc. stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $4.92 Billion | +20.63% |
| 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 256828022200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.57 Billion | 53.46% |
| Common Stock | $137.00K | 0.00% |
| Other Comprehensive Income | $-1.49 Billion | -30.97% |
| Other Components | $3.72 Billion | 77.52% |
| Total Equity | $4.80 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 |
|---|---|
|
Grinm Advanced Materials Co Ltd
SHG:600206
|
$3.39 Billion |
|
Constellium Nv
NYSE:CSTM
|
$3.39 Billion |
|
CRISIL Limited
NSE:CRISIL
|
$3.39 Billion |
|
China Coal Xinji Energy Co Ltd
SHG:601918
|
$3.39 Billion |
|
Tianjin Zhongxin Pharmaceutical Group Corp Ltd
SHG:600329
|
$3.39 Billion |
|
Fujian Sunner Development Co Ltd
SHE:002299
|
$3.38 Billion |
|
Zhongshan Broad-Ocean Motor Co Ltd
SHE:002249
|
$3.38 Billion |
|
Maanshan Iron & Steel Co Ltd
SHG:600808
|
$3.38 Billion |
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 2024 to 2025, total equity changed from 3,951,000,000 to 4,804,000,000, a change of 853,000,000 (21.6%).
- Net income of 265,000,000 contributed positively to equity growth.
- Dividend payments of 137,000,000 reduced retained earnings.
- Share repurchases of 10,000,000 reduced equity.
- New share issuances of 269,000,000 increased equity.
- Other comprehensive income increased equity by 435,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $265.00 Million | +5.52% |
| Dividends Paid | $137.00 Million | -2.85% |
| Share Repurchases | $10.00 Million | -0.21% |
| Share Issuances | $269.00 Million | +5.6% |
| Other Comprehensive Income | $435.00 Million | +9.05% |
| Other Changes | $31.00 Million | +0.65% |
| Total Change | $- | 21.59% |
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: 0.79x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $33.74 | $28.59 | x |
| 2017-12-31 | $6537.35 | $28.59 | x |
| 2018-12-31 | $5633.40 | $28.59 | x |
| 2019-12-31 | $146.53 | $28.59 | x |
| 2020-12-31 | $27.16 | $28.59 | x |
| 2021-12-31 | $42.71 | $28.59 | x |
| 2022-12-31 | $15.79 | $28.59 | x |
| 2023-12-31 | $25.02 | $28.59 | x |
| 2024-12-31 | $30.16 | $28.59 | x |
| 2025-12-31 | $36.39 | $28.59 | 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): 5.52%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.62%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 20.49x
- Recent ROE (5.52%) is below the historical average (9.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -0.05% | -31.59% | 0.00x | 1.00x | $-69.53 Million |
| 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 |
| 2025 | 5.52% | 4.62% | 0.06x | 20.49x | $-215.40 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: $14,581,515,483
- Average return on equity (ROE) among peers: 5.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| F&G Annuities & Life Inc. (FG) | $4.92 Billion | -0.05% | 19.02x | $3.39 Billion |
| Atlantic American Corporation (AAME) | $31.80 Million | 29.56% | 5.46x | $48.34 Million |
| Abacus Life Inc. (ABL) | $423.29 Million | -5.66% | 1.07x | $827.97 Million |
| Abacus Global Management, Inc. (ABX) | $423.29 Million | -5.66% | 1.07x | $92.69K |
| Aflac Incorporated (AFL) | $6.65 Billion | 11.96% | 6.67x | $58.55 Billion |
| Brighthouse Financial Inc (BHF) | $14.48 Billion | 5.97% | 13.24x | $3.58 Billion |
| Citizens Inc (CIA) | $176.16 Million | 9.40% | 3.47x | $269.61 Million |
| CNO Financial Group Inc (CNO) | $3.37 Billion | -9.34% | 8.33x | $4.11 Billion |
| Globe Life Inc (GL) | $3.46 Billion | 14.99% | 3.33x | $11.46 Billion |
| Genworth Financial Inc (GNW) | $102.22 Billion | 0.74% | 0.03x | $3.52 Billion |
About 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, pension risk transfer and indexed universal life, and multi-year guarantee annuities; immediate annuities; indexed universal life insurance; pension risk transfer solutions; and institutional funding agr… Read more