IF&G Annuities & Life, Inc. (NYSE: FG) closed at $28.44down -1.3% in Thursday’s market close on the New York Stock Exchange, after the company reported financial results for the fourth quarter and full year 2025. Intraday, stocks fell slightly in response to earnings data. At current prices, F&G’s market capitalization is estimated at $3.83 billion.
Latest Quarterly Results
Of course three months ending December 31, 2025F&G reported:
- Gross income:
- Q4 2025: $1.77 billion
- Q4 2024: $1.60 billion
Year-to-year changes: +10.8% income growth.
- Net income attributable to common stockholders:
- Q4 2025: $124 millionor $0.92 per diluted share
- Q4 2024: $323 millionor $2.50 per diluted share
Year-to-year changes: −61.6% in earnings again −63.2% in EPS.
- Adjusted net income attributable to common stockholders:
- Q4 2025: $123 millionor $0.91 per share
- Q4 2024: $143 millionor $1.12 per share
Year-to-year changes: −13.9% in adjusted gross income and −18.8% adjusted EPS.
Summary of Full Year Results
Of course year ended 31 December 2025IF&G Annuities & Life, Inc. reported the following results compared to the previous year, based only on the statement issued by the company on the profit of Q4 2025.
- Gross income:
- 2025: $5.731 billion
- 2024: $5.744 billion
- Year-to-year changes: A decrease of about 0.2%
- Net income attributable to common stockholders:
- 2025: $248 million, or $1.88 per diluted share
- 2024: $622 million, or $4.88 per diluted share
- Year-to-year changes: About 60% reduction
- Adjusted net income attributable to common stockholders:
- 2025: $482 million, or $3.64 per diluted share
- 2024: $546 million, or $4.30 per diluted share
- Year-to-year changes: A decrease of about 12%
Business & Operations Update
IF&G reported record assets under management (AUM) before confirming the reflow of $73.1 billionup about 12% from the end of the year 2024. The company also commented total sales of $14.6 billion in the full year of 2025with $3.4 billion in the fourth quarter. F&G’s investment portfolio has always been investment grade, and the company highlighted a risk-based capital (RBC) ratio of approximately 430% for the main operating subsidiarymore than its internal target.
F&G is back $137 million in cash to shareholders through 2025 for dividends, incl $38 million in the fourth quarter. The company also announced the development strategic sale of its Bermuda site scheduled for early 2026.
IM&A or Strategic Moves
F&G noted that has completed a planned distribution of approximately 12% of its outstanding shares to the shareholders of its majority shareholders, Fidelity National Financial (FNF), expands F&G’s public float while FNF maintains the ratio 70% ownership share. There were No additional acquisitions or mergers were announced in the earnings release.
Equity Analyst Commentary
Analyst commentary noted that F&G’s Q4 adjusted EPS of $0.91 missed consensus estimates while revenue exceeded expectations. This mixed results profile was reflected in the trading activity after the release.
Direction & Outlook
IF&G did not provide official revenue or revenue guidance in the release. Investors are put on alert assets subject to management trends, other investment income performanceagain progress on the sale of the Bermuda site as a key development for 2026.
Performance summary
- Q4 revenue increased year-over-year.
- Net income and adjusted earnings declined compared to Q4 2024.
- Full-year revenue rose while wages contracted.
- AUM reached a record level.
