This life insurer trades at a remarkably low 5.6x forward earnings with a PEG of 0.17 against 31% revenue growth and 216% free cash flow conversion, placing it among the most attractively valued growth franchises in the sector; however, the two most recent quarters both missed estimates, short interest is elevated at 13%, and the stock has already reached its analyst price target, making the bull case contingent on re-establishing earnings delivery.
Thesis pillars
- Deep Value Against Strong Growth→Stable
- Industry Leading Revenue Growth→Stable
- Exceptional Free Cash Conversion→Stable
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 26, 2026· older than 90 days
F&G Annuities & Life, Inc. (FG) Stock Analysis
Recovery setup
Financial Services · Insurance - Life
Hold if already holding. Not a fresh buy at $22.11, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.1).
F&G Annuities & Life underwrites fixed indexed annuities, registered index-linked annuities, multi-year guaranteed annuities, indexed universal life, and pension risk transfer, serving 778,000 policyholders and 145,000 pension participants at December 31, 2025. Revenue comes... Read more
Hold if already holding. Not a fresh buy at $22.11, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.1). Chart setup: Death cross but MACD improving, RSI 76. Mixed signals. Hold existing position. Score 5.7/10, moderate confidence.
Passes 6/9 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and earnings proximity 0d<=7d. Suitability: aggressive.
Recent developments
updated Oct 29, 2026Recent Developments — F&G Annuities & Life, Inc.
Latest news
- NEWS Earnings Preview: F&G Annuities & Life, Inc. (FG) Q3 Earnings Expected to Decline - Yahoo Finance — Yahoo Finance Oct 29, 2026 negative
- NEWS FG Q3'26 Earnings: revenue estimate is 1.51B USD - TradingView — TradingView Oct 29, 2026 neutral
- NEWS F&G Annuities & Life (FG) Set to Post Earnings on Thursday - MarketBeat — MarketBeat Oct 29, 2026 neutral
- NEWS F&G ANNUITIES & LIFE ($FG) Releases Q2 2026 Earnings - Quiver Quantitative — Quiver Quantitative Aug 5, 2026 neutral
- NEWS F&G ANNUITIES & LIFE ($FG) Releases Q2 2026 Earnings - quiverquant.com — quiverquant.com Aug 5, 2026 neutral
Latest item Oct 29, 2026 · Generated 2026-11-05T11:34:07Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMProductFIAs46%10-K Item 1: 'FIAs generated approximately 46% of our gross sales'
- MEDIUMGeographictop five states (CA, FL, PA, TX, NJ)40%10-K Item 1A: 'our top five states for the distribution of our products were California, Florida, Pennsylvania, Texas and New Jersey, which together accounted for 40% of our premiums'
- MEDIUMcounterpartyAspida Re10-K Item 1A: 'Aspida Re, Wilton Re, Somerset and Everlake represent our largest third-party reinsurance counterparty exposures'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
2 floor-breakers·1 ceiling hit
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $22.11, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.1). Chart setup: Death cross but MACD improving, RSI 76. Mixed signals. Hold existing position. Analyst target $20.40 reached (−7.7%), stop $20.69 (−6.9%), A.R:R -0.5:1. Score 5.7/10, moderate confidence.
Analyst target $20.40 reached (−7.7% from $22.11); no take-profit level is published. Analyst target $20.40 reached (−7.7%), stop $20.69 (−6.9%), A.R:R -0.5:1. Stop-loss: $20.69.
Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.1); Overbought (RSI 76).
F&G Annuities & Life, Inc. trades at a P/E of 7.3 (forward 4.8). TrendMatrix value score: 9.9/10. Verdict: Hold.
10 analysts rate FG, with a consensus score of 2.1/5. 1 analysts publish price targets averaging $24.
What does F&G Annuities & Life, Inc. do?F&G Annuities & Life underwrites fixed indexed annuities, registered index-linked annuities, multi-year guaranteed...
F&G Annuities & Life underwrites fixed indexed annuities, registered index-linked annuities, multi-year guaranteed annuities, indexed universal life, and pension risk transfer, serving 778,000 policyholders and 145,000 pension participants at December 31, 2025. Revenue comes from spread-based earnings on $57.6 billion in AUM and growing fee-based income from flow reinsurance and owned distribution. FGL Insurance's estimated RBC ratio was approximately 430% at year-end 2025.