F&G Annuities & Life (F&G Annuities & Life) Debt-to-Equity : 0.50 (As of Mar. 2024)

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What is F&G Annuities & Life Debt-to-Equity?

F&G Annuities & Life's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $357 Mil. F&G Annuities & Life's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,402 Mil. F&G Annuities & Life's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $3,546 Mil. F&G Annuities & Life's debt to equity for the quarter that ended in Mar. 2024 was 0.50.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for F&G Annuities & Life's Debt-to-Equity or its related term are showing as below:

FG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22 Med: 0.53 Max: 0.67
Current: 0.5

During the past 5 years, the highest Debt-to-Equity Ratio of F&G Annuities & Life was 0.67. The lowest was 0.22. And the median was 0.53.

FG's Debt-to-Equity is ranked worse than
75.32% of 385 companies
in the Insurance industry
Industry Median: 0.25 vs FG: 0.50

F&G Annuities & Life Debt-to-Equity Historical Data

The historical data trend for F&G Annuities & Life's Debt-to-Equity 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 Debt-to-Equity Chart

F&G Annuities & Life Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

0.15

0.22

0.47

0.57

F&G Annuities & Life Quarterly Data
	Dec19	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial							0.64	0.63	0.67	0.57	0.50

Competitive Comparison of F&G Annuities & Life's Debt-to-Equity

For the Insurance - Life subindustry, F&G Annuities & Life's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

F&G Annuities & Life's Debt-to-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, F&G Annuities & Life's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where F&G Annuities & Life's Debt-to-Equity falls into.

F&G Annuities & Life Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

F&G Annuities & Life's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	1765)	/	3103
	=	0.57

F&G Annuities & Life's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(357	+	1402)	/	3546
	=	0.50

F&G Annuities & Life (NYSE:FG) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

F&G Annuities & Life Debt-to-Equity Related Terms

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

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » F&G Annuities & Life Inc (NYSE:FG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

801 Grand Avenue, Suite 2600, Des Moines, IA, USA, 50309

Website

https://www.fglife.com

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