F&G Annuities & Life Stock Price, News & Analysis

F&G Annuities & Life, Inc. (NYSE: FG) operates in the finance and insurance sector as a direct life insurance carrier. According to company disclosures and regulatory filings, F&G focuses on insurance solutions for both retail annuity and life customers and institutional clients. The company states that it is committed to helping Americans turn their aspirations into reality and is headquartered in Des Moines, Iowa.

Through its insurance subsidiaries, including FGL Insurance and Fidelity & Guaranty Life Insurance Company of New York, F&G offers a portfolio of products that includes deferred annuities such as fixed indexed annuities (FIAs) and multi-year guarantee annuities (MYGAs) or other fixed rate annuities, immediate annuities, and indexed universal life (IUL) insurance. On the institutional side, F&G provides funding agreements through funding agreement-backed notes (FABN) issuances and through arrangements with the Federal Home Loan Bank of Atlanta (FHLB), as well as pension risk transfer (PRT) solutions. These offerings position the company in the retirement, savings, and risk-transfer segments of the life and annuity market.

Business focus and customer segments

Based on its public descriptions, F&G concentrates on two main groups: individual consumers seeking annuity and life insurance products, and institutional counterparties that use funding agreements and pension risk transfer solutions. Retail annuity and life customers look to F&G for products such as fixed indexed annuities, multi-year guarantee annuities, immediate annuities, and indexed universal life insurance. Institutional clients engage with F&G for funding agreements, including those supporting funding agreement-backed notes, and for pension risk transfer transactions.

F&G highlights assets under management (AUM) as a key operating measure. In its earnings communications, the company reports record AUM before flow reinsurance and emphasizes growth driven by strong sales across products and distribution channels. It also notes that its investment portfolio is largely investment grade and that credit-related impairments have remained below pricing assumptions over multi-year periods, which the company presents as part of its risk management and capital stewardship.

Capital structure and public listings

According to its SEC filings, F&G Annuities & Life, Inc. is incorporated in Delaware and its common stock trades on the New York Stock Exchange under the symbol FG. The company also has debt securities listed on the NYSE, including 7.950% Senior Notes due 2053 (trading symbol FGN) and 7.300% Junior Subordinated Notes due 2065 (trading symbol FGSN). These listings provide multiple ways for capital markets participants to gain exposure to the company’s equity and long-dated debt.

F&G is a majority-owned subsidiary of Fidelity National Financial, Inc. (FNF). FNF is described in its own public communications as a leading provider of title insurance and transaction services to the real estate and mortgage industries and as the nation’s largest title insurance company through its title insurance underwriters. FNF also identifies F&G as its majority-owned, publicly traded subsidiary that provides insurance solutions serving retail annuity and life customers and institutional clients.

Relationship with Fidelity National Financial

F&G’s relationship with FNF is a recurring theme in both companies’ news releases and F&G’s SEC filings. FNF reports financial results that include an F&G segment, and F&G is described as part of the FNF family of companies. FNF has announced a special stock distribution of a portion of its ownership in F&G to FNF shareholders, representing approximately 12% of the outstanding shares of F&G common stock. F&G’s Form 8-K filings describe this distribution as involving roughly 16 million shares of F&G common stock currently owned by FNF, with FNF shareholders receiving F&G shares on a pro rata basis.

F&G has filed current reports on Form 8-K to incorporate FNF’s press releases regarding the planned distribution and the final distribution ratio. These filings explain that, pursuant to the distribution, FNF shareholders will receive a specified number of FG shares for every 100 shares of FNF common stock held as of a stated record date. The distribution is described by FNF as intended to be structured as a taxable dividend to FNF shareholders for U.S. federal income tax purposes. These corporate actions illustrate how F&G’s ownership structure and public float can change through transactions initiated by its majority shareholder.

Financial reporting and performance metrics

F&G regularly issues earnings releases and files Forms 8-K to report its quarterly financial results. In these communications, the company discusses net earnings attributable to common shareholders, adjusted net earnings, assets under management, gross and net sales, and measures such as adjusted return on assets (ROA) and adjusted return on equity excluding accumulated other comprehensive income (AOCI). The company notes that adjusted metrics are non-GAAP measures and provides explanations and reconciliations in its detailed financial supplements.

In its third quarter 2025 results, F&G highlighted record assets under management before flow reinsurance, strong gross and net sales, and continued progress toward medium-term targets outlined at a prior investor day. The company also emphasized that its investment portfolio is largely investment grade, is matched to its liability profile, and has experienced low and stable credit-related impairments over multiple years.

Risk management and reinsurance strategy

F&G’s public disclosures indicate that reinsurance plays an important role in its business model. The company reports the use of flow reinsurance at varying ceded amounts in line with capital targets for products such as multi-year guarantee annuities and fixed indexed annuities. In its third quarter 2025 communications, F&G described the launch of a new reinsurance sidecar with anticipated capital commitments and a forward flow reinsurance agreement on a quota share basis for certain fixed indexed annuity products. This structure is presented as providing long-term growth capital and supporting the company’s strategy of becoming more fee-based and capital-light.

F&G also reports that it maintains a diversified investment portfolio and tracks credit performance closely, noting that credit-related impairments have remained below pricing assumptions. These elements, together with its reinsurance arrangements, form part of the company’s approach to managing risk, capital, and earnings volatility.

Investor communications and market engagement

F&G frequently engages with the investment community through earnings conference calls, investor presentations, and participation in financial services and insurance conferences. The company announces the timing of its earnings releases and related webcasts via press releases and provides access to audio webcasts and replays through its investor relations channels. Senior executives participate in fireside chats at industry conferences, which are made available via webcast.

In addition, F&G’s parent, Fidelity National Financial, reports segment results for F&G in its own quarterly earnings releases. These combined communications give investors multiple perspectives on F&G’s performance: as a standalone public company and as a segment within a larger financial group.

Regulatory filings and corporate information

As a registrant with the U.S. Securities and Exchange Commission, F&G files periodic and current reports under the Securities Exchange Act of 1934. Its Form 8-K filings include disclosures about earnings releases, investor presentations, and significant corporate actions such as the special stock distribution of F&G shares by FNF. The company identifies itself as a Delaware corporation and lists its principal executive office city as Des Moines, Iowa. Its SEC filings also list its common stock and certain senior and subordinated notes as registered under Section 12(b) of the Exchange Act and traded on the New York Stock Exchange.

Investors researching FG stock can review these filings for detailed financial statements, non-GAAP reconciliations, descriptions of products and reinsurance arrangements, and discussions of risk factors and capital structure. Together with press releases and investor presentations, these documents provide a structured view of how F&G positions itself within the direct life insurance and annuity markets and how it communicates its strategy, performance metrics, and relationship with its majority shareholder.