FGF&G Annuities & Life, Inc.
Life Insurance
- Revenue
- $5.7B
- 0.2% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $2.8B
- Employees
- 1,100
- $5M revenue each
- Net debt / EBITDA
- —
- $136M net debt
- AI in 10-K
- 0.9
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo0 of 4 years3+ of last 5 years
- High CEO pay despite TSRNo$11M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo19× net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo2% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo2% of assetsOver 40% of assets
- Shareholder dissentNo92% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$5M · 89th pctBottom quartile of its SIC industry
- Quiet on AINo0.9 per 10K words · 31st pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$2.8B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$612K netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $4.0B | $2.3B | $4.5B | $5.7B | $5.7B | 0.2% |
| Net income | $1.2B | $635M | −$58M | $642M | $248M | 61% |
| Operating cash flow | $1.9B | $3.2B | $5.8B | $6.0B | $4.7B | 22% |
| Stock-based comp | $9M | $12M | $23M | $29M | $31M | 6.9% |
| Buybacks | $0 | $0 | $18M | $12M | $10M | 17% |
| Dividends | $0 | $0 | $101M | — | — |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $612K · 5
- Open-market sells, 12 mo
- $0 · 0
- Net
- $612K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $11M | $6M | 174 | 127 |
| FY2024 | $11M | $10M | 228 | 120 |
| FY2023 | $11M | $19M | 248 | 99 |
| FY2022 | $10M | $6M | 105 | 95 |