F&G Annuities & Life (FG)
Market Price (12/28/2025): $31.75 | Market Cap: $4.2 BilSector: Financials | Industry: Life & Health Insurance
F&G Annuities & Life (FG)
Market Price (12/28/2025): $31.75Market Cap: $4.2 BilSector: FinancialsIndustry: Life & Health Insurance
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.7%, FCF Yield is 113% | Weak multi-year price returns2Y Excs Rtn is -72%, 3Y Excs Rtn is -7.4% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.9% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -654% | Key risksFG key risks include [1] the underperformance of its alternative investments, Show more. | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 92%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 92%, CFO LTM is 4.8 Bil, FCF LTM is 4.8 Bil | ||
| Low stock price volatilityVol 12M is 39% | ||
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and Digital & Alternative Assets. Themes include Wealth Management Technology, Private Equity, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.7%, FCF Yield is 113% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -654% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 92%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 92%, CFO LTM is 4.8 Bil, FCF LTM is 4.8 Bil |
| Low stock price volatilityVol 12M is 39% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and Digital & Alternative Assets. Themes include Wealth Management Technology, Private Equity, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -72%, 3Y Excs Rtn is -7.4% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.9% |
| Key risksFG key risks include [1] the underperformance of its alternative investments, Show more. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
While the requested timeframe (August 31, 2025, to December 28, 2025) is in the future relative to my current knowledge cutoff, the search results provide some insights and historical data up to December 2025 that can be used to construct a plausible scenario for the requested stock movement.
Here are potential key points that could explain a -5.8% stock movement for F&G Annuities & Life (FG) during the approximate period from August 31, 2025, to December 28, 2025:
<br><br>
<b>1. Weaker than expected Q3 2025 earnings or guidance:</b> While F&G Annuities & Life reported strong Q3 2025 results with EPS and revenue exceeding forecasts, a subsequent revision to guidance or market reaction to specific details within the earnings report could have led to a negative movement. F&G's Q3 2025 earnings were released on November 7, 2025, and while they initially drove the stock up, subsequent market sentiment could have shifted.
<br><br>
<b>2. Overall Bearish Market Sentiment or Industry-Specific Headwinds:</b> General market downturns or negative trends within the multi-line insurance industry, such as concerns over interest rate fluctuations or macroeconomic volatility, could have pressured FG's stock. The company's overall moving average trend was noted as bearish as of December 23, 2025.
<br><br>
<b>3. Analyst Rating Changes or Price Target Adjustments:</b> Although analysts had a consensus "Hold" or "Moderate Buy" rating for FG as of December 2025, and an average price target of $38.33, any downgrades or reductions in price targets within the specified period could have contributed to a stock decline.
<br><br>
<b>4. Technical Signals and Falling Trend:</b> Technical analysis as of December 23, 2025, indicated several negative signals for FG and that the stock was within a falling trend, suggesting weak performance in the short term. Additionally, the stock experienced a decline of -6.47% over 10 days leading up to December 23, 2025.
<br><br>
<b>5. Increased Short Selling Activity:</b> While the short sale ratio dropped from the last trading day as of December 10, 2025, with decreasing price, an increase in short selling activity at other points within the period, or sustained high levels, could contribute to downward pressure on the stock.
Show moreStock Movement Drivers
Fundamental Drivers
The 1.5% change in FG stock from 9/27/2025 to 12/27/2025 was primarily driven by a 30.2% change in the company's Net Income Margin (%).| 9272025 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 31.67 | 32.13 | 1.46% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 4989.00 | 5231.00 | 4.85% |
| Net Income Margin (%) | 6.81% | 8.87% | 30.16% |
| P/E Multiple | 12.39 | 9.21 | -25.66% |
| Shares Outstanding (Mil) | 133.00 | 133.00 | 0.00% |
| Cumulative Contribution | 1.46% |
Market Drivers
9/27/2025 to 12/27/2025| Return | Correlation | |
|---|---|---|
| FG | 1.5% | |
| Market (SPY) | 4.3% | 30.5% |
| Sector (XLF) | 3.3% | 48.4% |
Fundamental Drivers
The 1.3% change in FG stock from 6/28/2025 to 12/27/2025 was primarily driven by a 16.0% change in the company's P/E Multiple.| 6282025 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 31.70 | 32.13 | 1.35% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 4760.00 | 5231.00 | 9.89% |
| Net Income Margin (%) | 10.57% | 8.87% | -16.06% |
| P/E Multiple | 7.94 | 9.21 | 15.97% |
| Shares Outstanding (Mil) | 126.00 | 133.00 | -5.56% |
| Cumulative Contribution | 1.03% |
Market Drivers
6/28/2025 to 12/27/2025| Return | Correlation | |
|---|---|---|
| FG | 1.3% | |
| Market (SPY) | 12.6% | 33.9% |
| Sector (XLF) | 7.4% | 46.7% |
Fundamental Drivers
The -20.6% change in FG stock from 12/27/2024 to 12/27/2025 was primarily driven by a -97.6% change in the company's P/E Multiple.| 12272024 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 40.46 | 32.13 | -20.59% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 5503.00 | 5231.00 | -4.94% |
| Net Income Margin (%) | 0.24% | 8.87% | 3654.82% |
| P/E Multiple | 385.93 | 9.21 | -97.61% |
| Shares Outstanding (Mil) | 124.00 | 133.00 | -7.26% |
| Cumulative Contribution | -21.01% |
Market Drivers
12/27/2024 to 12/27/2025| Return | Correlation | |
|---|---|---|
| FG | -20.6% | |
| Market (SPY) | 17.0% | 40.0% |
| Sector (XLF) | 15.3% | 46.5% |
Fundamental Drivers
The 74.4% change in FG stock from 12/28/2022 to 12/27/2025 was primarily driven by a 0.0% change in the company's P/E Multiple.| 12282022 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 18.42 | 32.13 | 74.39% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | � | 5231.00 | � |
| Net Income Margin (%) | � | 8.87% | � |
| P/E Multiple | � | 9.21 | � |
| Shares Outstanding (Mil) | 18.84 | 133.00 | -606.09% |
| Cumulative Contribution | � |
Market Drivers
12/28/2023 to 12/27/2025| Return | Correlation | |
|---|---|---|
| FG | -26.9% | |
| Market (SPY) | 48.0% | 41.9% |
| Sector (XLF) | 51.3% | 54.0% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FG Return | -21% | 0% | 138% | 137% | -8% | -22% | 221% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 150% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 114% |
Monthly Win Rates [3] | |||||||
| FG Win Rate | 25% | 0% | 8% | 75% | 42% | 33% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| FG Max Drawdown | -27% | 0% | 0% | -25% | -23% | -29% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)
How Low Can It Go
| Event | FG | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -41.8% | -25.4% |
| % Gain to Breakeven | 71.9% | 34.1% |
| Time to Breakeven | 83 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -36.2% | -33.9% |
| % Gain to Breakeven | 56.8% | 51.3% |
| Time to Breakeven | 908 days | 148 days |
| 2018 Correction | ||
| % Loss | -49.3% | -19.8% |
| % Gain to Breakeven | 97.2% | 24.7% |
| Time to Breakeven | 409 days | 120 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
F&G Annuities & Life's stock fell -41.8% during the 2022 Inflation Shock from a high on 11/23/2022. A -41.8% loss requires a 71.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
AI Analysis | Feedback
Here are 1-3 brief analogies for F&G Annuities & Life (FG):
- Like a more focused MetLife or Prudential Financial, concentrating on annuities and life insurance products.
- A provider of retirement and wealth protection products, much like the annuity and life insurance divisions of Lincoln Financial Group or Principal Financial Group.
AI Analysis | Feedback
- Fixed Indexed Annuities: Annuity contracts that offer principal protection and growth potential tied to a market index, without direct market participation risk.
- Fixed Annuities: Retirement savings vehicles that provide a guaranteed interest rate for a set period, ensuring predictable growth and principal protection.
- Indexed Universal Life (IUL) Insurance: Permanent life insurance policies offering flexible premiums, a death benefit, and cash value growth linked to a market index, often with protective floors and caps.
- Institutional Funding Agreements & Pension Risk Transfer: Tailored financial solutions for institutional clients, including guaranteed investment contracts and agreements to transfer pension plan liabilities.
AI Analysis | Feedback
F&G Annuities & Life (FG) primarily sells its annuity and life insurance products to individuals. The company distributes its products through a broad network of financial intermediaries, including independent marketing organizations (IMOs), broker-dealers, banks, and registered investment advisors (RIAs). However, no single distribution partner accounted for 10% or more of F&G's premiums, deposits, or considerations in recent years, meaning there are no individually identifiable major customer companies to list.
Therefore, we describe the primary categories of individual customers that F&G serves:
- Retirement Savers and Pre-Retirees: Individuals accumulating wealth for retirement or transitioning into retirement. These customers seek solutions that offer principal protection, tax-deferred growth, and potentially guaranteed income streams, which F&G's fixed indexed annuities are designed to provide.
- Wealth Transfer and Estate Planners: Individuals focused on providing financial security for their beneficiaries, leaving a legacy, or managing wealth transfer strategies. F&G's fixed index universal life insurance products are designed to meet these needs.
- Savers and Investors Seeking Tax-Advantaged Growth: Individuals looking for conservative growth opportunities with protection from market downturns, coupled with the tax-deferred accumulation benefits inherent in annuity and life insurance products, as part of their broader financial planning.
AI Analysis | Feedback
- Fidelity National Financial, Inc. (FNF)
AI Analysis | Feedback
Chris Blunt, Chief Executive Officer
Mr. Blunt joined F&G as President and CEO in 2019, bringing over 34 years of experience in insurance and investment management roles. He previously served as Chief Executive Officer of Blackstone Insurance Solutions. Prior to Blackstone, he spent 13 years with New York Life, where he was President of New York Life's Investment Group and Co-President of the Insurance and Agency Group. F&G's parent company, FGL Holdings, was acquired in 2017 by an investment group affiliated with private equity firm Blackstone Group, and Mr. Blunt joined F&G from Blackstone, indicating a pattern of managing companies with private equity backing. He "unretired" in 2018 to become CEO of Blackstone Insurance Solutions after retiring from New York Life in 2017.
Conor Murphy, President and Chief Financial Officer
Mr. Murphy assumed the role of President and Chief Financial Officer of F&G on April 1, 2025. He previously served as President and CEO of Resolution Life US. Before Resolution Life, he spent five years as Executive Vice President and Chief Operating Officer at Brighthouse Financial, where he was instrumental during the company's separation from MetLife. Mr. Murphy also held multiple senior positions at MetLife over his 17-year tenure, including the first European CFO and CFO of Latin America, and spent seven years in the financial services practice at PricewaterhouseCoopers.
Wendy J.B. Young, Chief Liability Officer
Ms. Young transitioned to the role of Chief Liability Officer on April 1, 2025, after previously serving as F&G's Chief Financial Officer. She possesses over 35 years of experience in the insurance industry, with more than 25 years at F&G. Her extensive background at the company includes a broad range of actuarial, finance, and reinsurance functions. As Chief Liability Officer, she oversees all aspects of F&G's liability management, corporate actuarial functions, reinsurance activities, and offshore entities.
Leena Punjabi, Executive Vice President and Chief Investment Officer
Ms. Punjabi serves as Executive Vice President and Chief Investment Officer. She joined F&G in 2019 and was named co-chief investment officer in 2021 before becoming the sole Chief Investment Officer.
Matt Christensen, Chief Operating Officer
Mr. Christensen was named Chief Operating Officer and is responsible for overseeing F&G's strategy, transformation, and information technology operations. He joined F&G in 2019, having most recently served as the company's Chief Administrator Officer.
AI Analysis | Feedback
The key risks to F&G Annuities & Life (FG) are:
- Market Volatility and Interest Rate Sensitivity: F&G Annuities & Life's financial performance is significantly susceptible to fluctuations in interest rates and broader market volatility. These factors can directly impact investment income, the valuation of its product offerings, and overall profitability. The company's alternative investments, in particular, have shown underperformance, questioning its ability to meet return targets.
- Competition and Regulatory Changes: The company operates within a highly competitive insurance industry, which could constrain its ability to maintain market position and adversely affect its financial performance. Additionally, changes in insurance regulations can necessitate adjustments to product features, pricing, or reserves, posing a threat to its business model.
- Reserving and Actuarial Assumption Risk: F&G faces the risk of losses if actual experience deviates significantly from its reserving assumptions, especially concerning products such as Guaranteed Minimum Withdrawal Benefit (GMWB) products. The valuation of investments also involves significant judgment and assumptions, which, if altered, could materially affect financial results.
AI Analysis | Feedback
null
AI Analysis | Feedback
F&G Annuities & Life (symbol: FG) operates within the U.S. market, primarily offering annuities, life insurance, and pension buyout services. The addressable markets for their main products and services in the United States are substantial.
Annuities
The U.S. annuity market is a significant segment, with total sales reaching $434.1 billion in 2024. This market is projected to grow to an estimated value of $388.42 billion by 2029. F&G specializes in various annuity products, including:
- Fixed Indexed Annuities (FIAs): Sales of FIAs in the U.S. increased to $126.9 billion in 2024. These products are expected to continue their rapid growth.
- Fixed Rate Deferred (FRD) Annuities: These annuities represented over 40% of total annuity sales in 2023, with estimated sales of approximately $160 billion in 2024. However, sales are projected to decline to between $122 billion and $147 billion in 2025 due to anticipated falling interest rates.
- Income Annuities: The U.S. market for income annuity sales is projected to be between $16 billion and $18 billion in 2025.
Life Insurance
F&G also provides life insurance products in the U.S. market. The total new annualized premium for U.S. individual life insurance reached $16.2 billion in 2024. In the second quarter of 2025, the total new annualized premium increased by 13% to $4.5 billion. Key life insurance offerings include:
- Indexed Universal Life (IUL) Insurance: IUL products are a significant growth driver within the U.S. life insurance market. New IUL premium surged by 31% to $1.2 billion in Q2 2025, representing 25% of the total U.S. life insurance market in the first half of 2025. In 2024, IUL new premium totaled $3.8 billion. The broader universal life insurance market in the U.S. is projected to reach $280.4 billion by 2032.
- Term Life Insurance: In Q2 2025, new premium for term life insurance in the U.S. saw a modest increase of 3% to $792 million.
Pension Risk Transfer (PRT)
null
AI Analysis | Feedback
```htmlExpected Drivers of Future Revenue Growth for F&G Annuities & Life (FG)
Over the next 2-3 years, F&G Annuities & Life (FG) is anticipated to drive future revenue growth through several key initiatives and market trends:
- Growth in Assets Under Management (AUM) and Sales: F&G has reported record assets under management (AUM) and strong sales performance across both core and opportunistic products. The company expects continued growth in AUM, which directly contributes to its revenue. This includes robust sales in indexed annuities, index life, and pension risk transfer.
- Expansion into the Registered Index-Linked Annuity (RILA) Market and Product Diversification: F&G is actively expanding its presence in the growing Registered Index-Linked Annuity (RILA) market, having launched its first RILA product in early 2024. The company's strategy involves diversifying its product offerings to capture a larger share of this high-growth segment.
- Diversification and Expansion of Distribution Channels, Including Owned Distribution: F&G is strategically growing its distribution network, including investments in "owned distribution" which is expected to generate significant EBITDA. This expansion into various channels, such as bank and broker-dealer channels, is a crucial move to generate higher return earnings streams and enhance competitiveness.
- Shift to a Fee-Based, Capital-Light Business Model with Reinsurance Partnerships: A core strategy for F&G is transitioning towards a more fee-based, higher-margin, and capital-light business model. The company has launched a strategic partnership with a new reinsurance vehicle backed by Blackstone-managed funds, which provides on-demand growth capital and enables efficient management of liabilities by reinsuring a portion of its fixed indexed annuity sales. This approach is expected to drive higher return on equity.
- Leveraging Favorable Demographic Trends: Management anticipates continued strong demand for retirement savings products, particularly annuities, driven by the growing retirement-age population seeking guaranteed lifetime income and principal protection. These demographic shifts are expected to sustain demand for F&G's offerings.
AI Analysis | Feedback
Share Repurchases
- F&G announced a three-year share repurchase program of up to $25 million, effective March 21, 2023, expiring March 21, 2026.
- During the third quarter of 2025, F&G reported share repurchases of 631,000 shares for $37.5 million.
Share Issuance
- In March 2025, F&G priced a public offering of 8,000,000 shares of its common stock at $35.00 per share, with net proceeds intended for general corporate purposes, including organic growth.
- Fidelity National Financial, Inc., F&G's majority stockholder, agreed to purchase 4,500,000 shares in the March 2025 offering at $33.60 per share.
- Fidelity National Financial plans to distribute approximately 16 million F&G shares (about 12% of F&G's outstanding common stock) to FNF shareholders on December 31, 2025, increasing F&G's public float to approximately 30%.
Inbound Investments
- Fidelity National Financial, Inc. (FNF) is F&G's majority stockholder, holding approximately an 82% ownership stake. FNF acquired F&G in June 2020.
- Fidelity National Financial, Inc. acquired 4,500,000 shares of F&G's common stock in F&G's March 2025 public offering.
Outbound Investments
- F&G launched a strategic partnership with a new reinsurance vehicle, effective August 1, 2025, with approximately $1 billion in anticipated capital commitments to provide on-demand growth capital through a forward flow reinsurance agreement on certain fixed indexed annuity products.
- F&G has been involved in flow reinsurance to manage loss exposures and enhance its capital position.
Capital Expenditures
- Explicit dollar values for capital expenditures and their primary focus are not readily available within the provided information.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to FG. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | WU | Western Union | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 14.5% | 14.5% | -0.4% |
| 11212025 | COIN | Coinbase Global | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -1.5% | -1.5% | -1.5% |
| 11142025 | PYPL | PayPal | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -4.5% | -4.5% | -7.5% |
| 11142025 | V | Visa | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 7.6% | 7.6% | -2.7% |
| 11072025 | WD | Walker & Dunlop | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -11.1% | -11.1% | -12.1% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for F&G Annuities & Life
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 55.14 |
| Mkt Cap | 158.8 |
| Rev LTM | 56,496 |
| Op Inc LTM | 11,544 |
| FCF LTM | 8,335 |
| FCF 3Y Avg | 8,636 |
| CFO LTM | 9,158 |
| CFO 3Y Avg | 9,520 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.2% |
| Rev Chg 3Y Avg | 3.2% |
| Rev Chg Q | 9.4% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Mgn LTM | 17.7% |
| Op Mgn 3Y Avg | 16.4% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 22.2% |
| CFO/Rev 3Y Avg | 23.8% |
| FCF/Rev LTM | 20.1% |
| FCF/Rev 3Y Avg | 21.6% |
Price Behavior
| Market Price | $32.13 | |
| Market Cap ($ Bil) | 4.3 | |
| First Trading Date | 07/20/2016 | |
| Distance from 52W High | -29.9% | |
| 50 Days | 200 Days | |
| DMA Price | $31.34 | $32.43 |
| DMA Trend | down | indeterminate |
| Distance from DMA | 2.5% | -0.9% |
| 3M | 1YR | |
| Volatility | 31.6% | 39.3% |
| Downside Capture | 62.50 | 101.40 |
| Upside Capture | 56.66 | 62.74 |
| Correlation (SPY) | 30.7% | 40.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.13 | 0.67 | 0.71 | 0.91 | 0.84 | 1.07 |
| Up Beta | 1.89 | 1.43 | 1.61 | 1.66 | 0.72 | 0.78 |
| Down Beta | -1.69 | 0.53 | 0.31 | 0.84 | 1.00 | 1.27 |
| Up Capture | 241% | 62% | 36% | 55% | 47% | 143% |
| Bmk +ve Days | 12 | 25 | 38 | 73 | 141 | 426 |
| Stock +ve Days | 12 | 17 | 25 | 58 | 122 | 387 |
| Down Capture | 80% | 47% | 88% | 84% | 106% | 104% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 7 | 23 | 36 | 66 | 123 | 355 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of FG With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| FG | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -21.1% | 16.3% | 17.8% | 72.1% | 8.6% | 4.4% | -8.2% |
| Annualized Volatility | 39.1% | 19.0% | 19.4% | 19.3% | 15.2% | 17.0% | 35.0% |
| Sharpe Ratio | -0.51 | 0.67 | 0.72 | 2.70 | 0.34 | 0.09 | -0.08 |
| Correlation With Other Assets | 46.7% | 40.3% | 2.8% | 2.8% | 38.9% | 9.3% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of FG With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| FG | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 58.7% | 16.1% | 14.7% | 18.7% | 11.5% | 4.6% | 30.8% |
| Annualized Volatility | 78.0% | 18.9% | 17.1% | 15.5% | 18.7% | 18.9% | 48.6% |
| Sharpe Ratio | 0.84 | 0.71 | 0.70 | 0.97 | 0.50 | 0.16 | 0.57 |
| Correlation With Other Assets | 29.4% | 25.5% | 0.4% | 3.4% | 19.7% | 10.9% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of FG With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| FG | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 14.7% | 13.2% | 14.8% | 15.3% | 7.0% | 5.3% | 69.2% |
| Annualized Volatility | 56.7% | 22.3% | 18.0% | 14.7% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.50 | 0.55 | 0.71 | 0.86 | 0.32 | 0.22 | 0.90 |
| Correlation With Other Assets | 26.2% | 26.7% | 1.1% | 8.0% | 19.6% | 7.0% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/6/2025 | 3.1% | 10.4% | 11.8% |
| 8/6/2025 | 2.9% | 6.9% | 4.1% |
| 5/7/2025 | -14.5% | -14.3% | -7.5% |
| 2/20/2025 | -8.7% | -5.6% | -20.8% |
| 11/6/2024 | -4.6% | -3.5% | -1.4% |
| 8/5/2024 | 3.6% | 1.6% | 12.5% |
| 5/8/2024 | -1.2% | 1.1% | -3.6% |
| 2/21/2024 | -9.9% | -14.0% | -7.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 4 | 5 | 4 |
| # Negative | 7 | 6 | 7 |
| Median Positive | 3.0% | 6.4% | 12.2% |
| Median Negative | -8.7% | -6.4% | -7.1% |
| Max Positive | 3.6% | 10.4% | 19.3% |
| Max Negative | -17.3% | -14.3% | -20.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11102025 | 10-Q 9/30/2025 |
| 6302025 | 8072025 | 10-Q 6/30/2025 |
| 3312025 | 5082025 | 10-Q 3/31/2025 |
| 12312024 | 2282025 | 10-K 12/31/2024 |
| 9302024 | 11072024 | 10-Q 9/30/2024 |
| 6302024 | 8072024 | 10-Q 6/30/2024 |
| 3312024 | 5102024 | 10-Q 3/31/2024 |
| 12312023 | 2292024 | 10-K 12/31/2023 |
| 9302023 | 11082023 | 10-Q 9/30/2023 |
| 6302023 | 8092023 | 10-Q 6/30/2023 |
| 3312023 | 5092023 | 10-Q 3/31/2023 |
| 12312022 | 2272023 | 10-K 12/31/2022 |
| 12312021 | 11102022 | 10-12B/A 12/31/2021 |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Life & Health Insurance Resources |
| Insurance Business America |
| A.M. Best |
| National Underwriter |
| Insurance News |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.