F&G Annuities & Life (FG)
Market Price (5/12/2026): $27.74 | Market Cap: $3.7 BilSector: Financials | Industry: Life & Health Insurance
F&G Annuities & Life (FG)
Market Price (5/12/2026): $27.74Market Cap: $3.7 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 15%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%, FCF Yield is 121% 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 -727% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 79%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 79%, CFO LTM is 4.5 Bil, FCF LTM is 4.5 Bil Low stock price volatilityVol 12M is 36% 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% | Key risksFG key risks include [1] the underperformance of its alternative investments, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%, FCF Yield is 121% |
| 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 -727% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 79%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 79%, CFO LTM is 4.5 Bil, FCF LTM is 4.5 Bil |
| Low stock price volatilityVol 12M is 36% |
| 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% |
| Key risksFG key risks include [1] the underperformance of its alternative investments, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. F&G Annuities & Life (FG) significantly missed its Q1 2026 earnings per share (EPS) forecast. The company reported an EPS of $0.93, falling short of the anticipated $1.39, representing a 33.09% negative surprise. This led to a notable drop in the stock value, with shares falling 7.57% in after-hours trading to $29.43 following the announcement on May 6, 2026. Additionally, adjusted net earnings for the quarter were $110 million, or $0.82 per share. The company also noted that alternative investment income was below management's long-term expected return for the quarter.
2. The company's Q4 2025 earnings also disappointed investors, setting a negative precedent. F&G Annuities & Life reported Q4 2025 earnings per share of $0.91, missing analysts' consensus estimates of $1.34 by $0.43. This earlier earnings miss likely contributed to cautious investor sentiment leading into the Q1 2026 report.
Show more
Stock Movement Drivers
Fundamental Drivers
The -4.9% change in FG stock from 1/31/2026 to 5/11/2026 was primarily driven by a -17.5% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 29.16 | 27.74 | -4.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,231 | 5,662 | 8.2% |
| Net Income Margin (%) | 8.9% | 9.4% | 6.5% |
| P/E Multiple | 8.4 | 6.9 | -17.5% |
| Shares Outstanding (Mil) | 133 | 133 | 0.0% |
| Cumulative Contribution | -4.9% |
Market Drivers
1/31/2026 to 5/11/2026| Return | Correlation | |
|---|---|---|
| FG | -4.9% | |
| Market (SPY) | 3.6% | 35.0% |
| Sector (XLF) | -3.7% | 54.8% |
Fundamental Drivers
The -4.7% change in FG stock from 10/31/2025 to 5/11/2026 was primarily driven by a -39.4% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 29.10 | 27.74 | -4.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,989 | 5,662 | 13.5% |
| Net Income Margin (%) | 6.8% | 9.4% | 38.6% |
| P/E Multiple | 11.4 | 6.9 | -39.4% |
| Shares Outstanding (Mil) | 133 | 133 | 0.0% |
| Cumulative Contribution | -4.7% |
Market Drivers
10/31/2025 to 5/11/2026| Return | Correlation | |
|---|---|---|
| FG | -4.7% | |
| Market (SPY) | 5.5% | 35.7% |
| Sector (XLF) | -1.4% | 49.5% |
Fundamental Drivers
The -17.7% change in FG stock from 4/30/2025 to 5/11/2026 was primarily driven by a -19.8% change in the company's Net Income Margin (%).| (LTM values as of) | 4302025 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 33.71 | 27.74 | -17.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,421 | 5,662 | 4.4% |
| Net Income Margin (%) | 11.8% | 9.4% | -19.8% |
| P/E Multiple | 6.8 | 6.9 | 2.1% |
| Shares Outstanding (Mil) | 128 | 133 | -3.8% |
| Cumulative Contribution | -17.7% |
Market Drivers
4/30/2025 to 5/11/2026| Return | Correlation | |
|---|---|---|
| FG | -17.7% | |
| Market (SPY) | 30.4% | 33.6% |
| Sector (XLF) | 6.6% | 44.8% |
Fundamental Drivers
The 63.8% change in FG stock from 4/30/2023 to 5/11/2026 was primarily driven by a 152.9% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 4302023 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 16.93 | 27.74 | 63.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,239 | 5,662 | 152.9% |
| Net Income Margin (%) | 28.4% | 9.4% | -66.7% |
| P/E Multiple | 3.4 | 6.9 | 104.6% |
| Shares Outstanding (Mil) | 126 | 133 | -5.0% |
| Cumulative Contribution | 63.8% |
Market Drivers
4/30/2023 to 5/11/2026| Return | Correlation | |
|---|---|---|
| FG | 63.8% | |
| Market (SPY) | 78.7% | 37.5% |
| Sector (XLF) | 61.9% | 48.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FG Return | 0% | 138% | 137% | -8% | -24% | -7% | 269% |
| Peers Return | 37% | -15% | 20% | 36% | 23% | -7% | 117% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| FG Win Rate | 0% | 8% | 75% | 42% | 33% | 40% | |
| Peers Win Rate | 65% | 35% | 58% | 58% | 55% | 36% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| FG Max Drawdown | 0% | 0% | -25% | -23% | -29% | -32% | |
| Peers Max Drawdown | -9% | -30% | -24% | -7% | -12% | -18% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CRBG, EQH, LNC, BHF, JXN.
[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] 2026 data is for the year up to 5/11/2026 (YTD)
How Low Can It Go
| Event | FG | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -36.0% | -6.7% |
| % Gain to Breakeven | 56.3% | 7.1% |
| Time to Breakeven | 55 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -30.7% | -33.7% |
| % Gain to Breakeven | 44.2% | 50.9% |
| Time to Breakeven | 974 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -31.6% | -19.2% |
| % Gain to Breakeven | 46.1% | 23.7% |
| Time to Breakeven | 309 days | 105 days |
In The Past
F&G Annuities & Life's stock fell -7.3% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 7.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | FG | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -36.0% | -6.7% |
| % Gain to Breakeven | 56.3% | 7.1% |
| Time to Breakeven | 55 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -30.7% | -33.7% |
| % Gain to Breakeven | 44.2% | 50.9% |
| Time to Breakeven | 974 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -31.6% | -19.2% |
| % Gain to Breakeven | 46.1% | 23.7% |
| Time to Breakeven | 309 days | 105 days |
In The Past
F&G Annuities & Life's stock fell -7.3% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 7.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About F&G Annuities & Life (FG)
AI Analysis | Feedback
1. Prudential for life and annuity solutions, plus title insurance.
2. MetLife with added real estate title insurance services.
AI Analysis | Feedback
```html- Life Insurance Solutions: These products provide financial protection to beneficiaries upon the death of the insured.
- Annuity Solutions: These financial contracts are designed to provide a steady stream of income, often for retirement.
- Title Insurance: This protects property owners and lenders against financial loss from defects in title to real estate.
- Settlement Services: These encompass the administrative and legal processes involved in closing real estate transactions.
AI Analysis | Feedback
```htmlF&G Annuities & Life (symbol: FG) primarily sells its insurance and annuity products and services to individuals rather than to a few major corporate customers.
The company serves the following categories of customers:
- Individuals seeking life insurance protection: These customers purchase life insurance policies to provide financial security for their loved ones.
- Individuals planning for retirement: These customers utilize F&G's annuity solutions to secure a guaranteed income stream for their retirement years.
- Homebuyers and parties involved in real estate transactions: These customers require title insurance and settlement services, typically when purchasing or refinancing property.
AI Analysis | Feedback
- Blackstone Inc. (BX)
- Global Atlantic Financial Group Ltd.
- River Lake Insurance Company
AI Analysis | Feedback
Chris Blunt Chief Executive Officer
Chris Blunt joined F&G in 2019 as Chief Executive Officer. He has over 34 years of experience in insurance, investment management, and marketing. Prior to F&G, he was the CEO of Blackstone Insurance Solutions in 2018. Before his role at Blackstone, he spent 13 years at New York Life, where he served as President of the $500 billion Investment Group and previously as Co-President of the Insurance & Agency Group. He also held senior distribution and marketing positions at Merrill Lynch Investment Managers and Goldman Sachs Asset Management. He was hired by Blackstone to build a third-party asset management unit serving insurance companies, and F&G's assets are managed by Blackstone, indicating a pattern of managing companies backed by private equity firms.
Conor Murphy President and Chief Financial Officer
Conor Murphy assumed the role of Chief Financial Officer on April 1, 2025, and additionally became President on August 7, 2025. His extensive insurance industry experience includes previous roles as President and CEO of Resolution Life US, and Executive Vice President and Chief Operating Officer at Brighthouse Financial.
Wendy J.B. Young Chief Liability Officer
Wendy J.B. Young transitioned to Chief Liability Officer on April 1, 2025. Prior to this, she served as the Chief Financial Officer from February 2022 to April 2025. She has over 35 years of experience in the insurance industry, with more than 25 years at F&G, working in various actuarial, finance, and reinsurance functions. She was instrumental in F&G's initial debt raise and IPO in 2013, and also previously served as CEO of F&G's Bermuda reinsurance entities.
Leena Punjabi Executive Vice President and Chief Investment Officer
Leena Punjabi has served as F&G's Chief Investment Officer since January 2021. She is responsible for overseeing F&G's investment portfolios in partnership with Blackstone Insurance Solutions. Before joining F&G in 2019 as VP, Asset Management, she spent 13 years as a Principal at Mercer, where she provided investment advice to insurance companies and corporate pension plans.
Michael L. Gravelle Executive Vice President, General Counsel and Corporate Secretary
Michael L. Gravelle serves as Executive Vice President, General Counsel, and Corporate Secretary for F&G Annuities & Life.
AI Analysis | Feedback
The key risks for F&G Annuities & Life (symbol: FG) primarily stem from its exposure to market fluctuations, the competitive nature of the insurance industry, and its reliance on capital availability.
- Economic and Market Volatility: F&G Annuities & Life's business is highly susceptible to shifts in interest rates, volatility in equity markets, and disruptions in credit markets. These factors can significantly impact the company's investment portfolio, the valuation of its assets, and its cost of capital.
- Competitive Industry Landscape: The insurance sector is intensely competitive, posing a continuous challenge for F&G Annuities & Life to maintain or enhance its market position. The company's success in this environment depends on its ability to offer a competitive product portfolio and leverage a robust distribution network, amidst ongoing innovation from competitors.
- Dependence on Capital Availability and Financial Strength Ratings: F&G Annuities & Life's growth strategy relies heavily on the consistent availability of capital. Adverse conditions in external capital markets could affect both the availability and cost of capital, potentially hindering the company's ability to expand and maintain adequate capital for its insurance subsidiaries. Furthermore, a downgrade in its financial strength ratings could increase borrowing costs and limit market participation.
AI Analysis | Feedback
Digital disruption from Insurtech companies offering streamlined, digital-first life insurance and annuity solutions threatens traditional business models. Additionally, the potential for blockchain and distributed ledger technology to fundamentally alter the process of property title transfers poses an emerging threat to the traditional title insurance and settlement services industry.AI Analysis | Feedback
F&G Annuities & Life (NYSE: FG) operates in the United States, offering life insurance and annuity solutions, as well as title insurance and settlement services. The addressable markets for its main products and services in the U.S. are as follows:
- Annuities: The total U.S. annuity sales reached approximately $461.3 billion in 2025, marking a record year.
- Life Insurance: The U.S. life insurance market size was estimated at $1.93 trillion in 2024 and is projected to reach around $4.74 trillion by 2034, growing at a compound annual growth rate (CAGR) of 9.40% from 2025 to 2034.
- Title Insurance: The U.S. title insurance industry generated over $16.5 billion in business in 2023. Industry revenue for title insurance in the U.S. is expected to reach $17.1 billion in 2025.
AI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for F&G Annuities & Life (symbol: FG) over the next 2-3 years:
- Growth in Core Annuity and Life Insurance Products: F&G is focused on expanding sales of its core products, including indexed annuities and indexed universal life (IUL) products. The company prioritizes capital allocation to these offerings, and indexed annuity sales have shown strength in a competitive market.
- Expansion in Institutional Solutions, particularly Pension Risk Transfer (PRT): Pension Risk Transfer (PRT) remains a key strategic focus and a high-return opportunity for F&G. The company has consistently achieved significant PRT sales, indicating continued growth in this institutional segment.
- Increase in Fee-Based Earnings: F&G aims to strategically grow its fee-based earnings to approximately 25% of its total earnings by the end of 2028. This growth is expected to be driven by the expansion of flow reinsurance and owned distribution strategies, with the owned distribution portfolio projected to deliver double-digit annual EBITDA growth in the medium term.
- Opportunistic Product Sales: The company engages in opportunistic sales of products such as funding agreements, which demonstrated substantial growth in 2025. F&G adjusts its sales volumes for these products based on economic conditions and market opportunities.
- Effective Investment Portfolio Management: As an insurance company, a significant portion of F&G's revenue is generated from its investment portfolio. The company reported record assets under management (AUM) and emphasizes its high-quality, diversified investment portfolio, managed in partnership with Blackstone. Growth in AUM and favorable investment yields are crucial for future revenue generation.
AI Analysis | Feedback
Share Issuance
- F&G Annuities & Life's total equity attributable to common shareholders, excluding AOCI, increased by $0.78 per share as of December 31, 2025, compared to December 31, 2024, partly due to a common stock offering.
- During the first quarter of 2025, the company raised $269 million in common equity.
Inbound Investments
- F&G launched a strategic partnership with a new reinsurance vehicle, effective August 1, 2025, with approximately $1 billion in anticipated capital commitments. This partnership provides long-term, on-demand growth capital through a forward flow reinsurance agreement for certain fixed indexed annuity products.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| F&G Annuities & Life (FG) Valuation Ratios Comparison | 08/08/2025 | |
| FG Dip Buy Analysis | 07/10/2025 | |
| null | 05/16/2025 | |
| F&G Annuities & Life Total Shareholder Return (TSR): -8.0% in 2024 and 73.3% 3-yr compounded annual returns (above peer average) | 03/07/2025 | |
| F&G Annuities & Life (FG) Operating Cash Flow Comparison | 02/17/2025 | |
| F&G Annuities & Life (FG) Net Income Comparison | 02/15/2025 | |
| Fundamental Metrics: ... | 06/19/2024 | |
| ARTICLES | ||
| Stocks Trading At 52-Week Low | 01/09/2026 |
Trade Ideas
Select ideas related to FG.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | EEFT | Euronet Worldwide | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 04242026 | HOMB | Home BancShares | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 1.5% | 1.5% | 0.0% |
| 03312026 | HBAN | Huntington Bancshares | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 7.1% | 7.1% | 0.0% |
| 03312026 | NP | Neptune Insurance | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 3.9% | 3.9% | 0.0% |
| 03272026 | JKHY | Jack Henry & Associates | 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 | 0.3% | 0.3% | -4.0% |
| 03312025 | FG | F&G Annuities & Life | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -11.2% | -27.5% | -40.7% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 37.88 |
| Mkt Cap | 7.2 |
| Rev LTM | 8,508 |
| Op Inc LTM | - |
| FCF LTM | 1,322 |
| FCF 3Y Avg | 1,751 |
| CFO LTM | 1,346 |
| CFO 3Y Avg | 1,803 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -7.7% |
| Rev Chg 3Y Avg | 9.3% |
| Rev Chg Q | 2.7% |
| QoQ Delta Rev Chg LTM | -0.3% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 9.1% |
| CFO/Rev 3Y Avg | 11.0% |
| FCF/Rev LTM | 8.9% |
| FCF/Rev 3Y Avg | 10.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 7.2 |
| P/S | 0.7 |
| P/Op Inc | - |
| P/EBIT | -19.3 |
| P/E | -5.1 |
| P/CFO | 4.5 |
| Total Yield | 2.0% |
| Dividend Yield | 2.9% |
| FCF Yield 3Y Avg | 11.7% |
| D/E | 0.7 |
| Net D/E | -5.4 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 7.8% |
| 3M Rtn | -8.7% |
| 6M Rtn | -9.2% |
| 12M Rtn | -0.5% |
| 3Y Rtn | 93.7% |
| 1M Excs Rtn | -0.9% |
| 3M Excs Rtn | -15.1% |
| 6M Excs Rtn | -17.5% |
| 12M Excs Rtn | -31.5% |
| 3Y Excs Rtn | 23.4% |
Price Behavior
| Market Price | $27.74 | |
| Market Cap ($ Bil) | 3.6 | |
| First Trading Date | 07/20/2016 | |
| Distance from 52W High | -19.9% | |
| 50 Days | 200 Days | |
| DMA Price | $25.33 | $29.22 |
| DMA Trend | down | indeterminate |
| Distance from DMA | 9.5% | -5.1% |
| 3M | 1YR | |
| Volatility | 48.9% | 35.8% |
| Downside Capture | 0.66 | 0.62 |
| Upside Capture | 112.04 | 79.24 |
| Correlation (SPY) | 27.6% | 36.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.08 | 0.91 | 1.09 | 1.10 | 1.01 | 1.07 |
| Up Beta | 1.12 | 0.89 | 1.10 | 1.25 | 1.38 | 0.89 |
| Down Beta | -5.83 | 0.14 | 0.83 | 0.56 | 0.89 | 1.19 |
| Up Capture | 116% | 175% | 109% | 118% | 49% | 134% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 17 | 29 | 40 | 71 | 127 | 391 |
| Down Capture | 227% | 53% | 121% | 125% | 114% | 104% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 5 | 14 | 24 | 53 | 124 | 356 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FG | |
|---|---|---|---|---|
| FG | -6.8% | 36.0% | -0.13 | - |
| Sector ETF (XLF) | 4.3% | 14.5% | 0.07 | 50.4% |
| Equity (SPY) | 28.1% | 12.5% | 1.78 | 38.1% |
| Gold (GLD) | 42.9% | 26.9% | 1.30 | -12.6% |
| Commodities (DBC) | 48.6% | 18.0% | 2.14 | -15.9% |
| Real Estate (VNQ) | 13.6% | 13.5% | 0.70 | 27.7% |
| Bitcoin (BTCUSD) | -22.4% | 41.7% | -0.50 | 14.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FG | |
|---|---|---|---|---|
| FG | 15.8% | 52.4% | 0.57 | - |
| Sector ETF (XLF) | 8.7% | 18.6% | 0.35 | 40.5% |
| Equity (SPY) | 12.9% | 17.1% | 0.59 | 32.7% |
| Gold (GLD) | 21.2% | 17.9% | 0.96 | -2.3% |
| Commodities (DBC) | 13.5% | 19.1% | 0.58 | -2.1% |
| Real Estate (VNQ) | 3.6% | 18.8% | 0.09 | 26.6% |
| Bitcoin (BTCUSD) | 8.5% | 56.0% | 0.36 | 13.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FG | |
|---|---|---|---|---|
| FG | 6.2% | 42.2% | 0.32 | - |
| Sector ETF (XLF) | 12.4% | 22.2% | 0.52 | 34.4% |
| Equity (SPY) | 15.0% | 17.9% | 0.72 | 33.5% |
| Gold (GLD) | 13.4% | 15.9% | 0.70 | -0.8% |
| Commodities (DBC) | 9.5% | 17.7% | 0.45 | 6.2% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.24 | 25.2% |
| Bitcoin (BTCUSD) | 68.1% | 66.9% | 1.07 | 9.2% |
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 |
| 5/6/2026 | -8.1% | ||
| 2/19/2026 | -7.9% | -14.8% | -13.8% |
| 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% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 4 | 5 | 4 |
| # Negative | 9 | 7 | 8 |
| Median Positive | 3.0% | 6.4% | 12.2% |
| Median Negative | -8.1% | -7.2% | -7.3% |
| Max Positive | 3.6% | 10.4% | 19.3% |
| Max Negative | -17.3% | -14.8% | -20.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-12B/A |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 5/6/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Long-term expected return on alternative investments | 0.12 | 0.13 | 0.14 | ||||
| 2026 Share Repurchases | 100.00 Mil | ||||||
Prior: Q4 2025 Earnings Reported 2/19/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Sale of Bermuda legal entity | 1.90 Bil | ||||||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Doka, Celina J Wang | Direct | Buy | 3132026 | 20.98 | 4,760 | 99,865 | 672,845 | Form | |
| 2 | Blunt, Christopher O | Chief Executive Officer | Direct | Buy | 3132026 | 20.99 | 10,000 | 209,900 | 23,238,624 | Form |
| 3 | Blunt, Christopher O | Chief Executive Officer | Direct | Buy | 1022026 | 29.56 | 5,000 | 147,800 | 33,030,217 | Form |
| 4 | Blunt, Christopher O | Chief Executive Officer | Direct | Buy | 11192025 | 29.88 | 5,000 | 149,400 | 34,254,988 | Form |
| 5 | Punjabi, Leena | EVP, Chief Investment Officer | Direct | Sell | 9192025 | 33.81 | 3,000 | 101,430 | 2,166,004 | Form |
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.