What is F&G Annuities & Life Inc's earnings per share (EPS)?

F&G Annuities & Life Inc (FGSN) reported diluted earnings per share of $1.88 for fiscal year 2025. This represents a -61.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

F&G Annuities & Life Inc Financials

FGSN

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows F&G Annuities & Life Inc (FGSN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FGSN FY2025 2026-04-22

FGSN's balance-sheet model produces large cash flow despite thin profits, because liabilities fund most of the operating scale.

From FY2023 to FY2025, operating cash flow stayed between $4.7B and $6.0B even as net income moved from a loss to a much smaller profit, so reported earnings are a noisy guide to the business's cash engine. Meanwhile, assets kept expanding while ROA slipped to 0.3%, showing that this business scales more through its balance sheet than through better revenue productivity.

The balance sheet is funded mainly by non-debt liabilities, not just borrowings: FY2025 total liabilities were $93.5B while long-term debt was only $2.2B. That means debt ratios alone understate leverage, because most funding sits in obligations other than traditional borrowings.

The rebound from the FY2023 loss did not restore prior profitability quality: net margin fell from 11.1% to 4.6% in FY2025 while revenue barely moved. With equity only about 4.9% of assets, small shifts in asset returns can make shareholder returns look much more volatile than the underlying business.

Financial Health Signals

Financial Profile 29/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of F&G Annuities & Life Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

F&G Annuities & Life Inc's revenue declined 0.2% year-over-year, from $5.7B to $5.7B. This contraction results in a growth score of 55/100.

Leverage

F&G Annuities & Life Inc carries a low D/E ratio of 0.47, meaning only $0.47 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.

Returns

F&G Annuities & Life Inc generates a 5.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 27/100. This is down from 16.3% the prior year.

Piotroski F-Score Neutral

4/9

F&G Annuities & Life Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

18.88x

For every $1 of reported earnings, F&G Annuities & Life Inc generates $18.88 in operating cash flow ($4.7B OCF vs $248.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$5.7B

YoY-0.2%

F&G Annuities & Life Inc generated $5.7B in revenue in fiscal year 2025. This represents a decrease of 0.2% from the prior year.

EBITDA

N/A

Net Income

$248.0M

YoY-61.4%

F&G Annuities & Life Inc reported $248.0M in net income in fiscal year 2025. This represents a decrease of 61.4% from the prior year.

EPS (Diluted)

$1.88

YoY-61.5%

F&G Annuities & Life Inc earned $1.88 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 61.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$1.5B

YoY-34.4%

F&G Annuities & Life Inc held $1.5B in cash against $2.2B in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.91

YoY+7.1%

F&G Annuities & Life Inc paid $0.91 per share in dividends in fiscal year 2025. This represents an increase of 7.1% from the prior year.

Shares Outstanding

136M

YoY+7.0%

F&G Annuities & Life Inc had 136M shares outstanding in fiscal year 2025. This represents an increase of 7.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

4.3%

YoY-6.9pp

F&G Annuities & Life Inc's net profit margin was 4.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 6.9 percentage points from the prior year.

Return on Equity

5.2%

YoY-11.1pp

F&G Annuities & Life Inc's ROE was 5.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 11.1 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$10.0M

YoY-16.7%

F&G Annuities & Life Inc spent $10.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 16.7% from the prior year.

Capital Expenditures

N/A

FGSN Income Statement

Metric	FY25	FY24	FY23	FY22	FY21
Revenue	$5.7B-0.2%	$5.7B+27.6%	$4.5B+91.6%	$2.3B-40.9%	$4.0B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$293.0M-1.0%	$296.0M+27.6%	$232.0M+47.8%	$157.0M+21.7%	$129.0M
Operating Income	N/A	N/A	N/A	N/A	N/A
Interest Expense	$164.0M+24.2%	$132.0M+36.1%	$97.0M+234.5%	$29.0M0.0%	$29.0M
Income Tax	$52.0M-61.8%	$136.0M+491.3%	$23.0M-85.4%	$158.0M-50.6%	$320.0M
Net Income	$248.0M-61.4%	$642.0M+1206.9%	-$58.0M-109.1%	$635.0M-48.8%	$1.2B
EPS (Diluted)	$1.88-61.5%	$4.88+1138.3%	$-0.47-108.5%	$5.52-53.3%	$11.81

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$1.2B-32.7%	$1.8B+4.2%	$1.7B+24.2%	$1.4B+50.2%	$908.0M-41.8%	$1.6B+8.0%	$1.4B+23.2%	$1.2B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$60.0M-14.3%	$70.0M-11.4%	$79.0M+2.6%	$77.0M+14.9%	$67.0M-17.3%	$81.0M+1.3%	$80.0M+15.9%	$69.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$41.0M0.0%	$41.0M-2.4%	$42.0M+2.4%	$41.0M+2.5%	$40.0M+5.3%	$38.0M+5.6%	$36.0M+28.6%	$28.0M
Income Tax	$74.0M+138.7%	$31.0M+181.8%	$11.0M-26.7%	$15.0M+400.0%	-$5.0M-105.9%	$85.0M+440.0%	-$25.0M-150.0%	$50.0M
Net Income	$248.0M+123.4%	$111.0M-5.9%	$118.0M+195.0%	$40.0M+290.5%	-$21.0M-106.4%	$330.0M+5600.0%	-$6.0M-103.0%	$203.0M
EPS (Diluted)	$1.78	N/A	$0.85+226.9%	$0.26+230.0%	$-0.20	N/A	$-0.08-105.2%	$1.55

FGSN Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21
Total Assets	$98.4B+15.9%	$84.9B+21.0%	$70.2B+28.5%	$54.6B+12.1%	$48.7B
Current Assets	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.5B-34.4%	$2.3B+44.8%	$1.6B+62.8%	$960.0M-37.4%	$1.5B
Inventory	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A
Goodwill	$2.2B0.0%	$2.2B+24.6%	$1.7B0.0%	$1.7B-0.4%	$1.8B
Total Liabilities	$93.5B+15.7%	$80.9B+20.5%	$67.1B+28.5%	$52.2B+18.0%	$44.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$2.2B+3.0%	$2.2B+23.8%	$1.8B+57.5%	$1.1B+14.0%	$977.0M
Total Equity	$4.8B+21.6%	$4.0B+27.3%	$3.1B+29.0%	$2.4B-52.2%	$5.0B
Retained Earnings	$2.6B+5.2%	$2.4B+26.7%	$1.9B-6.6%	$2.1B+105.9%	$1.0B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$101.0B+2.6%	$98.4B+2.4%	$96.1B+4.7%	$91.8B+4.3%	$88.0B+3.6%	$84.9B+1.0%	$84.1B+7.1%	$78.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.3B-10.9%	$1.5B-32.1%	$2.2B+16.2%	$1.9B-42.8%	$3.3B+45.5%	$2.3B-36.0%	$3.5B+0.4%	$3.5B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$2.1B-2.6%	$2.2B0.0%	$2.2B0.0%	$2.2B0.0%	$2.2B0.0%	$2.2B0.0%	$2.2B+8.0%	$2.0B
Total Liabilities	$96.3B+3.0%	$93.5B+2.5%	$91.2B+4.5%	$87.3B+4.5%	$83.5B+3.3%	$80.9B+1.5%	$79.6B+6.6%	$74.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$2.2B0.0%	$2.2B0.0%	$2.2B0.0%	$2.2B0.0%	$2.2B+2.9%	$2.2B+6.5%	$2.0B0.0%	$2.0B
Total Equity	$4.6B-3.4%	$4.8B-0.4%	$4.8B+8.7%	$4.4B+1.7%	$4.4B+10.4%	$4.0B-9.1%	$4.3B+18.9%	$3.7B
Retained Earnings	$2.8B+8.2%	$2.6B+3.6%	$2.5B+3.5%	$2.4B+0.2%	$2.4B-2.1%	$2.4B+13.8%	$2.1B-1.7%	$2.2B

FGSN Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$4.7B-22.0%	$6.0B+2.8%	$5.8B+84.0%	$3.2B+69.5%	$1.9B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$8.4B-6.0%	-$8.0B+10.8%	-$8.9B+4.8%	-$9.4B-36.5%	-$6.9B
Financing Cash Flow	$3.0B+11.9%	$2.7B-28.0%	$3.7B-34.5%	$5.6B-0.2%	$5.6B
Dividends Paid	N/A	N/A	$101.0M	$0	$0
Share Buybacks	$10.0M-16.7%	$12.0M-33.3%	$18.0M	$0	$0

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$743.0M-36.4%	$1.2B+24.7%	$937.0M-42.2%	$1.6B+69.5%	$956.0M-27.6%	$1.3B-36.8%	$2.1B+98.1%	$1.1B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$939.0M+58.9%	-$2.3B-22.4%	-$1.9B+46.0%	-$3.5B-328.2%	-$809.0M+71.2%	-$2.8B-46.6%	-$1.9B-3.8%	-$1.8B
Financing Cash Flow	$34.0M-91.8%	$416.0M-66.4%	$1.2B+184.4%	$435.0M-50.7%	$882.0M+314.1%	$213.0M+232.3%	-$161.0M-108.3%	$1.9B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$29.0M+314.3%	$7.0M	$0	$0-100.0%	$3.0M-50.0%	$6.0M	$0	$0

FGSN Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A
Net Margin	4.3%-6.9pp	11.2%+12.5pp	-1.3%-28.3pp	27.0%-4.2pp	31.2%
Return on Equity	5.2%-11.1pp	16.3%+18.1pp	-1.9%-28.3pp	26.4%+1.8pp	24.6%
Return on Assets	0.3%-0.5pp	0.8%+0.8pp	-0.1%-1.2pp	1.2%-1.4pp	2.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.47-0.1	0.55-0.0	0.57+0.1	0.46+0.3	0.19
FCF Margin	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	20.9%+14.6pp	6.3%-0.7pp	7.0%+4.0pp	2.9%+5.2pp	-2.3%-23.5pp	21.2%+21.6pp	-0.4%-17.7pp	17.3%
Return on Equity	5.3%+3.0pp	2.3%-0.1pp	2.5%+1.6pp	0.9%+1.4pp	-0.5%-8.8pp	8.3%+8.5pp	-0.1%-5.7pp	5.6%
Return on Assets	0.3%+0.1pp	0.1%0.0pp	0.1%+0.1pp	0.0%+0.1pp	-0.0%-0.4pp	0.4%+0.4pp	-0.0%-0.3pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.48+0.0	0.470.0	0.46-0.0	0.500.0	0.51-0.0	0.55+0.1	0.47-0.1	0.56
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is F&G Annuities & Life Inc's annual revenue?

F&G Annuities & Life Inc (FGSN) reported $5.7B in total revenue for fiscal year 2025. This represents a -0.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is F&G Annuities & Life Inc's revenue growing?

F&G Annuities & Life Inc (FGSN) revenue declined by 0.2% year-over-year, from $5.7B to $5.7B in fiscal year 2025.

Is F&G Annuities & Life Inc profitable?

Yes, F&G Annuities & Life Inc (FGSN) reported a net income of $248.0M in fiscal year 2025, with a net profit margin of 4.3%.

How much debt does F&G Annuities & Life Inc have?

As of fiscal year 2025, F&G Annuities & Life Inc (FGSN) had $1.5B in cash and equivalents against $2.2B in long-term debt.

What is F&G Annuities & Life Inc's net profit margin?

F&G Annuities & Life Inc (FGSN) had a net profit margin of 4.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does F&G Annuities & Life Inc pay dividends?

Yes, F&G Annuities & Life Inc (FGSN) paid $0.91 per share in dividends during fiscal year 2025.

What is F&G Annuities & Life Inc's return on equity (ROE)?

F&G Annuities & Life Inc (FGSN) has a return on equity of 5.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is F&G Annuities & Life Inc's operating cash flow?

F&G Annuities & Life Inc (FGSN) generated $4.7B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are F&G Annuities & Life Inc's total assets?

F&G Annuities & Life Inc (FGSN) had $98.4B in total assets as of fiscal year 2025, including both current and long-term assets.

Does F&G Annuities & Life Inc buy back shares?

Yes, F&G Annuities & Life Inc (FGSN) spent $10.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does F&G Annuities & Life Inc have outstanding?

F&G Annuities & Life Inc (FGSN) had 136M shares outstanding as of fiscal year 2025.

What is F&G Annuities & Life Inc's debt-to-equity ratio?

F&G Annuities & Life Inc (FGSN) had a debt-to-equity ratio of 0.47 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is F&G Annuities & Life Inc's return on assets (ROA)?

F&G Annuities & Life Inc (FGSN) had a return on assets of 0.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is F&G Annuities & Life Inc's Piotroski F-Score?

F&G Annuities & Life Inc (FGSN) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are F&G Annuities & Life Inc's earnings high quality?

F&G Annuities & Life Inc (FGSN) has an earnings quality ratio of 18.88x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is F&G Annuities & Life Inc?

F&G Annuities & Life Inc (FGSN) scores 29 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.