F&G Annuities & Life (FG) Operating Expenses (2022 - 2026)
F&G Annuities & Life (FG) reported Operating Expenses of $1.52 billion for Q2 2026, up 15.9% from $1.31 billion a year earlier and up 75.3% from the prior quarter.
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Analysis
F&G Annuities & Life (FG) Operating Expenses (2022 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, F&G Annuities & Life's Operating Expenses came in at $5.55 billion, up 14.1% year-over-year; for FY2025, it was $5.41 billion, up 8.9% from FY2024.
- Operating Expenses has increased for three consecutive years, with a five-year compound annual growth rate of 36.4% (FY2020 to FY2025).
- By year, Operating Expenses came in at $4.97 billion in FY2024 (+9.5%), $4.54 billion in FY2023 (+191.5%), $1.56 billion in FY2022 (-35.8%) and $2.42 billion in FY2021 (+111.2%).
- Five-year quarterly Operating Expenses spans a low of -$412 million in Q2 2022 and a high of $1.99 billion in Q4 2023.
- Year over year, Operating Expenses gained in five of the last eight quarters, with growth averaging 29.1%.
- The high point for year-over-year Operating Expenses in five years was Q3 2024 (growth of 213.0%); the low point was Q4 2024 (a decline of 42.3%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $864 million (Q1 2026), $1.6 billion (Q4 2025) and $1.56 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,073.91 Bn | -343.57 Bn | 55.86 Bn | 86.07 Bn |
| 2 | Chubb | 125.44 Bn | 77.50 Bn | 9.13 Bn | 12.19 Bn |
| 3 | Progressive | 120.54 Bn | 96.37 Bn | 9.04 Bn | 19.40 Bn |
| 4 | Marsh & Mclennan Companies | 81.59 Bn | 73.34 Bn | - | 5.51 Bn |
| 5 | Travelers Companies | 74.40 Bn | 50.64 Bn | 6.23 Bn | 9.39 Bn |
| 6 | Manulife Financial | 72.53 Bn | 73.74 Bn | - | -902.21 Mn |
| 7 | Metlife | 60.06 Bn | -46.42 Bn | 7.82 Bn | 18.12 Bn |
| 8 | Aon | 58.71 Bn | 51.95 Bn | - | 3.33 Bn |
| 9 | Arthur J. Gallagher | 58.49 Bn | 52.93 Bn | - | 3.59 Bn |
| 10 | F&G Annuities & Life | 2.84 Bn | -7.67 Bn | 272.00 Mn | 1.52 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.52 Bn |
| Mar 31, 2026 | 864.00 Mn |
| Dec 31, 2025 | 1.60 Bn |
| Sep 30, 2025 | 1.56 Bn |
| Jun 30, 2025 | 1.31 Bn |
| Mar 31, 2025 | 934.00 Mn |
| Dec 31, 2024 | 1.15 Bn |
| Sep 30, 2024 | 1.47 Bn |
| Jun 30, 2024 | 918.00 Mn |
| Mar 31, 2024 | 1.43 Bn |
| Dec 31, 2023 | 1.99 Bn |
| Sep 30, 2023 | 471.00 Mn |
| Jun 30, 2023 | 1.01 Bn |
| Mar 31, 2023 | 1.07 Bn |
| Dec 31, 2022 | 899.00 Mn |
| Sep 30, 2022 | 664.00 Mn |
| Jun 30, 2022 | -412.00 Mn |
| Mar 31, 2022 | 405.00 Mn |
API Access
F&G Annuities & Life Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=FG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "FG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=FG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();