F&G Annuities & Life Inc. 7.950% Senior Notes due 2053 (FGN)

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I start with the fact that this is a bond, not common stock: F&G Annuities & Life Inc. 7.950% Senior Notes due 2053, priced at $22.63 at the 2026-10-16 close. The issuer's filed results are uneven. In fiscal 2024 it earned $639.0M of net income, or $4.88 per diluted EPS; in fiscal 2025 net income fell to $265.0M and EPS to $1.88. Fiscal 2023 had a $58.0M loss and EPS of -$0.47, while fiscal Q1 2026 showed $248.0M net income and EPS of $1.78, followed by a fiscal Q2 2026 loss of $76.0M and EPS of -$0.62. Revenue was $5.7B in both fiscal 2024 and fiscal 2025, so the top line is stable but profit is volatile. FairStock's computed Lynch category is TURNAROUND—returned to profit after a loss within the last three years—which fits the record but also signals fragility. I cannot judge financial health properly because D/E, ROE, ROCE and coverage data are N/A in the provided figures. The notes are designated senior, which is a plus in priority, but seniority is not a substitute for interest coverage. A 7.950% coupon due 2053 sounds generous, but without the note's yield to maturity, covenants, and issuer leverage, price alone is not enough. At $22.63, near the 52-week low of $22.48-$26.97, the market is already expressing caution. The business is in financial services and named Annuities & Life, but the filings show no proven moat or steady profit growth. I would demand a clear margin of safety in both price and credit terms.

In plain English: F&G Annuities & Life sells annuity and life insurance products, and the security analyzed here is a senior debt note paying 7.950% and due in 2053. The company has made money in some recent periods and lost money in others, so the business does not look clearly strong. The note price is near the bottom of its 52-week range, so it looks cautious rather than clearly cheap.

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Data as of 2026-10-16 close · note generated 2026-10-20 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer