F&G Annuities & Life, Inc.

FGNYSEFinancial Services● Active

$27.94

+$0.13(+0.47%)

Market Cap$3.7B

P/E Ratio—

52W High$36.7

52W Low$20.57

Avg Volume798K

Open$27.54

Beta1.29

Free Cash Flow Financials Revenue

F&G Annuities & Life, Inc. (FG) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

FG · free cash flow · updated Jun 8, 2026

Core FCF metrics

FG · FCF · TTM · margin & CAGR

Free cash flow was $4.67B for FY2025 (fiscal year ending 2025-12-31), down 21.9% year-over-year The FCF margin was 81.4%. Five-year CAGR stands at +166.1%.

FY2025 Free Cash Flow$4.67B▼ -21.9% YoY

Trailing 12M (TTM)$4.82Btrailing 4 quarters sum

FCF Margin81.4%$4.67B ÷ revenue

3-Year CAGR+14.1%FY2022 → FY2025

5-Year CAGR+166.1%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

FG · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$4.68B(15M)$4.67B▼ 21.9%81.4%

FY2024$6.00B(24M)$5.97B▲ +2.9%110.2%

FY2023$5.83B(27M)$5.81B▲ +85.0%136.0%

FY2022$3.17B(32M)$3.14B▲ +70.8%140.2%

FY2021$1.87B(33M)$1.84B▲ +5151.4%54.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

FG · P/FCF · FCF yield · FCF per share

F&G Annuities & Life, Inc. (FG) trades at a FCF yield of 130.82% and a price-to-free-cash-flow ratio of 0.8x. FCF per share stands at $36.79, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

130.82%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$36.79

TTM FCF ÷ Shares Outstanding

Price / FCF

x0.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x1.0

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

FG · cash flow statement · operating / investing / financing

For FY2025, F&G Annuities & Life, Inc. generated $4.68B in operating cash flow and spent 15M in capital expenditures, yielding $4.67B in free cash flow.

Operating Activities

+$4.68B

Cash from core business operations

2025-12-31

Investing Activities

−$8.43B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$2.97B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($4.68B) − |CapEx| (15M) = FCF ($4.67B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

FG vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

F&G Annuities & Life, Inc.YOU

$4.67B-21.9%81.4%

Berkshire Hathaway Inc.

BRK-B

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

F&G Annuities & Life, Inc. (FG) reported free cash flow of $4.67B for FY2025 (fiscal year ending 2025-12-31), down 21.9% year-over-year. The FCF margin was 81.4%.

Based on available data, F&G Annuities & Life, Inc. has maintained positive free cash flow for at least 9 fiscal year(s). FCF peaked at $5.97B in FY2024. The 5-year CAGR stands at +166.1%.

F&G Annuities & Life, Inc.'s FCF yield is 130.82% and price-to-FCF ratio is 0.8x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

FG free cash flow · 8 questions

F&G Annuities & Life, Inc. free cash flow was $4.67B for FY2025, down 21.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $4.82B.

FG free cash flowFG FCFFG FCF 2025FG free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · F&G Annuities & Life, Inc. · F&G Annuities & Life, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026