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
F&G Annuities & Life, Inc. (FG) Stock Analysis
Recovery setup
Financial Services · Insurance - Life
Sell if holding. Analyst target reached at $20.60 — A.R:R is negative (-0.1) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: 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
Sell if holding. Analyst target reached at $20.60 — A.R:R is negative (-0.1) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.1). Chart setup: Death cross but MACD improving, RSI 63. Score 5.6/10, moderate confidence.
Passes 5/9 gates (clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio and death cross (50MA < 200MA) and earnings proximity 7d<=7d. Suitability: aggressive.
Recent developments
updated 2026-10-29Recent Developments — F&G Annuities & Life, Inc.
Latest news
- NEWS FG Imperii Acquisition Corp. Revenue Breakdown – NASDAQ:FGIIU - TradingView — TradingView neutral
- NEWS F&G ANNUITIES & LIFE ($FG) Releases Q2 2026 Earnings - Quiver Quantitative — Quiver Quantitative neutral
- NEWS F&G ANNUITIES & LIFE ($FG) Releases Q2 2026 Earnings - quiverquant.com — quiverquant.com neutral
- NEWS F&G Annuities earnings on deck after first-quarter stumble - Investing.com — Investing.com neutral
- NEWS F&G Annuities & Life Inc (FG) Revenue Breakdown: Business Segments, Regional Revenue & Profit Contribution - TradingKey — TradingKey neutral
Generated 2026-10-29T11:08:51Z.
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
3 floor-breakers·1 ceiling hit
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $20.60 — A.R:R is negative (-0.1) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.1). Chart setup: Death cross but MACD improving, RSI 63. Prior stop was $19.28. Score 5.6/10, moderate confidence.
Analyst target $20.40 reached (−1.0% from $20.60); no take-profit level is published. Prior stop was $19.28. Stop-loss: $19.28.
Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.1); Earnings in 7 days (event risk).
F&G Annuities & Life, Inc. trades at a P/E of 6.8 (forward 4.4). TrendMatrix value score: 9.9/10. Verdict: Sell.
10 analysts cover FG with a consensus score of 2.1/5. Average price target: $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.