F&G Annuities & Life has gotten torched over the last six months - since September 2025, its stock price has dropped 35.9% to $22.43 per share. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
Is now the time to buy F&G Annuities & Life, or should you be careful about including it in your portfolio? Get the full stock story straight from our expert analysts, it’s free.
Why Is F&G Annuities & Life Not Exciting?
Even though the stock has become cheaper, we don't have much confidence in F&G Annuities & Life. Here are three reasons you should be careful with FG and a stock we'd rather own.
1. Growing BVPS Reflects Strong Asset Base
Book value per share (BVPS) serves as a key indicator of an insurer’s financial stability, reflecting a company’s ability to maintain adequate capital levels and meet its long-term obligations to policyholders.
Although F&G Annuities & Life’s BVPS declined at a 4.6% annual clip over the last four years. the good news is that its growth inflected positive over the past two years as BVPS grew at an excellent 20.1% annual clip (from $24.56 to $35.43 per share).
2. Previous Growth Initiatives Haven’t Impressed
Return on Equity, or ROE, ties everything together and is a vital metric. It tells us how much profit the insurer generates for each dollar of shareholder equity entrusted to management. Over a long period, insurers with higher ROEs tend to compound shareholder wealth faster through retained earnings, buybacks, and dividends.
Over the last five years, F&G Annuities & Life has averaged an ROE of 9.4%, uninspiring for a company operating in a sector where the average shakes out around 12.5%.
Final Judgment
F&G Annuities & Life isn’t a terrible business, but it doesn’t pass our bar. After the recent drawdown, the stock trades at 0.6× forward P/B (or $22.43 per share). This valuation is reasonable, but the company’s shakier fundamentals present too much downside risk. We're pretty confident there are more exciting stocks to buy at the moment. We’d suggest looking at a safe-and-steady industrials business benefiting from an upgrade cycle.
High-Quality Stocks for All Market Conditions
WHILE YOU’RE HERE: Top 9 Market-Beating Stocks. The best stocks don't just beat the market once. They do it again. And again. Robust revenue growth, rising free cash flow, returns on capital that leave their competition in the dust. The market has already rewarded these businesses.
But our AI platform says the party isn't over. Find out which 9 stocks made the cut this week — FREE. Get Our Top 9 Market-Beating Stocks for Free HERE.
Stocks that have made our list include now familiar names such as Nvidia (+1,326% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today.
