F&G Annuities & Life (FG) Balance Sheet: Assets & Liabilities

F&G Annuities & Life (FG) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), F&G Annuities & Life reported total assets of $98.43B and total liabilities of $93.51B. Shareholders' equity was $4.80B, up 17.9% from $4.08B a year earlier. Total debt stood at $2.25B against $54.19B in cash and short-term investments, a net cash position of $51.94B. That puts debt-to-equity at 0.47, compared with 0.54 a year earlier.

F&G Annuities & Life Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for F&G Annuities & Life, Inc. (FG) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	1.49	2.26	1.56	0.96	1.53	0.89	0.97	0.57	1.22
Short-Term Investments	52.70	48.73	41.87	32.77	30.34	25.96	0.00	0.00	0.00
Cash & Short-Term Investments	54.19	50.99	43.43	33.73	31.87	26.84	0.97	0.57	1.22
Accounts Receivable	17.63	13.37	8.96	5.45	3.66	3.18	0.00	0.00	0.00
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	-70.33	-13.37	-52.42	-39.18	0.00	-30.03	0.00	0.00	0.00
Total Current Assets	1.49	48.58	0.00	0.00	35.53	0.00	0.97	0.57	1.22
Non-Current Assets
Property, Plant & Equipment (Net)	0.29	0.00	0.00	0.02	0.02	0.02	0.00	0.00	0.00
Long-Term Investments	4.88	3.57	3.07	36.05	33.86	28.17	0.00	0.00	0.00
Goodwill	2.18	2.18	1.75	1.75	1.76	1.76	0.47	0.47	0.47
Intangible Assets	6.28	0.19	4.21	3.43	2.23	1.92	1.46	1.36	0.85
Other Non-Current Assets	83.24	1.14	-51.50	-41.25	4.16	-31.86	33.82	28.55	27.39
Total Non-Current Assets	96.94	11.62	0.00	0.00	37.87	0.00	35.75	30.37	28.71
Total Assets	98.43	84.93	70.20	54.63	48.73	39.76	36.71	30.95	29.92
Current Liabilities
Accounts Payable	0.25	2.22	2.01	0.23	1.30	0.21	0.00	0.00	0.00
Short-Term Debt	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Current Portion of Long-Term Debt	-	0.01	-	-	-	-	-	-	-
Accrued Liabilities	2.70	2.22	2.01	1.26	1.30	-	-	-	-
Deferred Revenue	0.55	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Liabilities	-0.80	11.58	-0.38	-0.24	0.00	-0.21	0.13	0.00	0.00
Total Current Liabilities	0.00	11.79	0.00	0.00	0.22	0.00	0.13	0.08	0.04
Non-Current Liabilities
Long-Term Debt	2.25	2.17	1.39	1.13	0.98	0.60	0.54	0.54	0.41
Deferred Tax Liabilities	0.00	0.00	0.00	0.00	0.02	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	91.28	66.99	-1.77	-1.33	-1.05	-0.61	33.28	29.40	27.48
Total Non-Current Liabilities	93.51	69.17	0.00	0.00	0.22	0.00	33.83	29.95	27.89
Total Liabilities	93.51	80.86	67.10	52.22	44.25	35.68	33.95	30.03	27.94
Stockholders' Equity
Retained Earnings	2.57	2.44	1.93	2.06	1.00	0.14	0.30	-0.17	-0.15
Accumulated Other Comprehensive Income	-1.49	-1.92	-1.99	-2.82	0.73	1.20	0.48	-0.94	0.08
Treasury Stock	0.04	0.03	0.02	-	-	-	-	-	-
Additional Paid-in Capital	3.72	3.46	3.19	3.16	2.75	2.74	1.96	1.99	2.04
Minority Interest	0.11	0.13	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Shares Outstanding	0.14	0.13	0.13	0.13	0.13	-	-	-	-
Total Stockholders' Equity	4.80	4.08	3.10	2.41	4.49	4.07	2.76	0.92	1.99
Total Liabilities & Equity	98.43	84.93	70.20	54.63	48.73	39.76	36.71	30.95	29.92

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About F&G Annuities & Life Balance Sheet

How much debt does F&G Annuities & Life have?

F&G Annuities & Life had total debt of $2.25B as of Dec 31, 2025, against $54.19B in cash and short-term investments. Its debt-to-equity ratio was 0.47. Total debt was $2.18B a year earlier.

What are F&G Annuities & Life's total assets?

F&G Annuities & Life reported total assets of $98.43B as of Dec 31, 2025, up 15.9% from $84.93B a year earlier. Total liabilities were $93.51B.

What is F&G Annuities & Life's shareholders' equity?

F&G Annuities & Life's shareholders' equity was $4.80B as of Dec 31, 2025, or about $35.43 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition