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F&G Annuities & Life (F&G Annuities & Life) Accounts Receivable : $10,112 Mil (As of Mar. 2024)


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What is F&G Annuities & Life Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. F&G Annuities & Life's accounts receivables for the quarter that ended in Mar. 2024 was $10,112 Mil.

Accounts receivable can be measured by Days Sales Outstanding. F&G Annuities & Life's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 609.06.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. F&G Annuities & Life's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-300.84.


F&G Annuities & Life Accounts Receivable Historical Data

The historical data trend for F&G Annuities & Life's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

F&G Annuities & Life Accounts Receivable Chart

F&G Annuities & Life Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
- 3,183.00 3,613.00 5,417.00 8,960.00

F&G Annuities & Life Quarterly Data
Dec19 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6,361.00 7,076.00 7,462.00 8,960.00 10,112.00

F&G Annuities & Life Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


F&G Annuities & Life Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

F&G Annuities & Life's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=10112/1515*91
=609.06

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), F&G Annuities & Life's accounts receivable are only considered to be worth 75% of book value:

F&G Annuities & Life's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(25353+0.75 * 10112+0.5 * 0-70751
-0-137)/126.149
=-300.84

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


F&G Annuities & Life Accounts Receivable Related Terms

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F&G Annuities & Life (F&G Annuities & Life) Business Description

Traded in Other Exchanges
N/A
Address
801 Grand Avenue, Suite 2600, Des Moines, IA, USA, 50309
F&G Annuities & Life Inc is a provider of insurance solutions serving retail annuity and life customers as well as institutional clients. Through its insurance subsidiaries, including FGL Insurance and Fidelity & Guaranty Life Insurance Company of New York it markets a broad portfolio of deferred annuities (fixed indexed annuities (FIAs) and multi-year guarantee annuities (MYGAs) or other fixed rate annuities), immediate annuities, indexed universal life (IUL) insurance, funding agreements (through funding agreement-backed notes (FABN) issuances and the Federal Home Loan Bank of Atlanta (FHLB)) and pension risk transfer (PRT) solutions.
Executives
Christopher O Blunt officer: President & CEO 801 GRAND AVENUE, SUITE 2600, DES MOINES IA 50309
Doka Celina J. Wang director 801 GRAND AVENUE, SUITE 2600, DES MOINES IA 50309
Douglas K Ammerman director 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Douglas Martinez director 801 GRAND AVENUE, SUITE 2600, DES MOINES IA 50309
Currier John David Jr. officer: President, Retail Markets 601 LOCUST STREET, 14TH FLOOR, DES MOINES IA 50309
Scott D. Cochran officer: President, Inst. & New Markets 1370 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017
Young Wendy J.b. officer: CFO TWO RUAN CENTER, 601 LOCUST STREET, 14TH FLOOR, DES MOINES IA 50309
Leena Punjabi officer: Chief Investment Officer 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 18934
David Edward Martin officer: CRO 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 18934
Foley William P Ii director, officer: Exec Chairman of the Board FIDELITY NATIONAL FINANCIAL, INC., 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Fidelity National Financial, Inc. 10 percent owner 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
John D Rood director 3020 HARTLEY ROAD SUITE 300, JACKSONVILLE FL 32257
Raymond R Quirk director 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Michael Joseph Nolan director 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204