Financials FGL Holdings Nyse

Equities

FG

KYG3402M1024

Life & Health Insurance

Delayed Nyse Other stock markets			5-day change	1st Jan Change
- ^USD	-.--%		-20.62%	-21.22%

04-01	Unisys Corporation Closes Agreement with F&G Annuities & Life, Inc. to Purchase Group Annuity Contracts Totaling Almost $200 Million Using Plan Assets	CI
04-01	Unisys Corporation acquired Annuity Contracts of F&G Annuities & Life, Inc.	CI

Valuation

Fiscal Period: December	2022	2023	2024	2025
Capitalization ¹	2,501	5,773	4,929	-
Enterprise Value (EV) ¹	2,655	5,773	4,929	4,929
P/E ratio	4.79 x	-97.9 x	8.45 x	7.41 x
Yield	-	-	-	-
Capitalization / Revenue	1.07 x	1.28 x	0.94 x	0.86 x
EV / Revenue	1.07 x	1.28 x	0.94 x	0.86 x
EV / EBITDA	-	-	-	-
EV / FCF	3,824,542 x	-	-	-
FCF Yield	0%	-	-	-
Price to Book	1.39 x	-	1.42 x	1.23 x
Nbr of stocks (in thousands)	125,000	125,497	126,281	-
Reference price ²	20.01	46.00	39.03	39.03
Announcement Date	23-02-22	24-02-21	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2022	2023	2024	2025
Net sales ¹	2,113	2,340	4,500	5,236	5,738
EBITDA	-	-	-	-	-
EBIT	510	-	-	-	-
Operating Margin	24.14%	-	-	-	-
Earnings before Tax (EBT) ¹	568	598	-35	676	824
Net income ¹	476	481	-58	572	655
Net margin	22.53%	20.56%	-1.29%	10.93%	11.42%
EPS ²	-	4.180	-0.4700	4.620	5.270
Free Cash Flow	-	654	-	-	-
FCF margin	-	27.95%	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-
FCF Conversion (Net income)	-	135.97%	-	-	-
Dividend per Share	-	-	-	-	-
Announcement Date	20-02-26	23-02-22	24-02-21	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1
Net sales ¹	-	623	869	1,168	851	1,612	1,168	1,213	1,364	1,490	1,369
EBITDA	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	-176	-203	163	380	-375	157	164.5	172.5	181.5	187
Net income ¹	115	-100	-195	130	306	-299	134	141	146	151	-
Net margin	-	-16.05%	-22.44%	11.13%	35.96%	-18.55%	11.48%	11.62%	10.7%	10.13%	-
EPS ²	0.7600	-0.8000	-1.560	1.040	2.450	-2.410	1.080	1.130	1.180	1.220	1.240
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	22-11-10	23-02-22	23-05-03	23-08-08	23-11-07	24-02-21	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2022	2023	2024	2025
Net Debt	-	154	-	-	-
Net Cash position	427	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow	-	654	-	-	-
ROE (net income / shareholders' equity)	17.6%	7.9%	-	9.55%	11.6%
ROA (Net income/ Total Assets)	-	-	-	1.15%	1.18%
Assets ¹	-	-	-	49,739	55,508
Book Value Per Share ²	-	14.40	-	27.50	31.70
Cash Flow per Share	-	27.60	-	-	-
Capex	-	32	-	-	-
Capex / Sales	-	1.37%	-	-	-
Announcement Date	20-02-26	23-02-22	24-02-21	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for FGL Holdings

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

39.03 USD

Average target price

43 USD

Spread / Average Target

+10.17%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Life & Health Insurance

	1st Jan change	Capi.
AXA	+16.14%	79.51B
METLIFE, INC.	+6.49%	50.22B
AFLAC INCORPORATED	+1.35%	48.11B
MANULIFE FINANCIAL CORPORATION	+9.53%	42.2B
PRUDENTIAL FINANCIAL, INC.	+6.55%	39.71B
GENERALI	+20.23%	37.78B
SUN LIFE FINANCIAL INC.	+2.84%	30.07B
GREAT-WEST LIFECO INC.	-7.77%	27.56B
PRUDENTIAL PLC	-16.10%	24.71B

Other Life & Health Insurance