F&G Annuities & Life Inc (N:FG)
Business Focus: Life & Health Insurance
| Sector: Financials | Industry: Life & Health Insurance |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 801 Grand Ave, Suite 2600 DES MOINES IA 50309 |
| Tel: | N/A |
| Website: | https://www.fglife.com |
| IR: | See website |
| Key People | ||
| William P. Foley Executive Chairman of the Board | Christopher O. Blunt President, Chief Executive Officer, Director | Wendy Jb Young Chief Financial Officer |
| John David Currier President - Retail Markets | Leena Punjabi Chief Investment Officer | David Martin Chief Risk Officer |
| Business Overview |
| F&G Annuities & Life, Inc. is a provider of insurance solutions serving retail annuity and life customers, as well as institutional clients. Through its insurance subsidiaries, it markets a portfolio of annuities, including fixed indexed annuities (FIAs) and multi-year guarantee annuities (MYGAs), pension risk transfer (PRT) solutions, as well as indexed universal life (IUL) insurance and institutional funding agreements. Its fixed indexed annuities (FIAs) allow contract owners the possibility of earning returns linked to the performance of a specified market index, predominantly the S&P 500 Index, while providing principal protection. All FIA products allow policyholders to allocate funds once a year among several different crediting strategies, including one or more index-based strategies and a traditional fixed rate strategy. Its retail annuities serve as a retirement and savings tool on which its customers rely for principal protection and predictable income streams. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, F&G Annuities & Life Inc revenues increased 90% to $4.54B. Net loss totaled $58M vs. income of $635M. Revenues reflect Investment Income - Gross - Insurance increase of 34% to $2.47B. Net loss reflects Other Operating Income/Expenses increase from $1.13B to $3.55B (expense), Depreciation and amortization increase of 27% to $412M (expense), Interest Expense increase from $29M to $97M (expense). |
| Employees: | 1,200 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $5,009M as of Dec 31, 2023 |
| Annual revenue (TTM): | $4,537M as of Dec 31, 2023 |
| EBITDA (TTM): | $474.00M as of Dec 31, 2023 |
| Net annual income (TTM): | -$58.00M as of Dec 31, 2023 |
| Free cash flow (TTM): | $5,706M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $191.00M as of Dec 31, 2023 |
| Shares outstanding: | 126,281,183 as of Jan 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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