F&G Approves $100 Million Stock Repurchase Program
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 16 2026
0mins
Should l Buy FG?
F&G Annuities & Life announced that its board has approved a new three-year stock repurchase program, effective March 16, under which the company may repurchase up to $100M of F&G common stock. Purchases may be made from time to time by the company in the open market at prevailing market prices or in privately negotiated transactions through March 31, 2029. The company's existing stock repurchase authorization permits aggregate repurchases of up to $50M, of which approximately $32M remains available as of March 13, and that authorization is scheduled to expire on November 6.
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Analyst Views on FG
Wall Street analysts forecast FG stock price to rise
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 24.200
Low
31.00
Averages
32.00
High
33.00
Current: 24.200
Low
31.00
Averages
32.00
High
33.00
About FG
F&G Annuities & Life, Inc. is a provider of insurance solutions serving retail annuity and life customers, as well as institutional clients. Through its subsidiaries, it markets a portfolio of annuities, including fixed indexed annuities (FIAs), registered index-linked annuities (RILAs), (referred to as indexed annuities), multi-year guarantee annuities (MYGAs) as well as pension risk transfer (PRT) solutions, indexed universal life (IUL) insurance and institutional funding agreements. Its retail annuities serve as a retirement and savings tool on which its customers rely for principal protection and predictable income streams. In addition, its life insurance products provide its customers with a complementary product that allows them to build on their savings and provide a payment to their designated beneficiaries upon the policyholder's death. Its customers value its FIAs, which provide a portion of the gains of an underlying market index, while also providing principal protection.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Insider Purchase: Celina J. Wang Doka, a director at F&G Annuities & Life, purchased 4,760 shares at a weighted average price of $20.98, totaling approximately $100,000, indicating her confidence in the company's future prospects.
- Increased Ownership: Following this transaction, Doka's direct holdings rose from 27,310 to 32,070 shares, a 17.43% increase, reinforcing her commitment to the company without introducing indirect or derivative risks.
- Market Comparison: The purchase price was below the March 16, 2026 closing price of $22.14, reflecting Doka's decision to buy during a period when the stock has declined by 46.43% over the past year, showcasing her keen judgment amid market volatility.
- Company Financial Overview: F&G Annuities & Life reported annual revenue of $5.4 billion and net income of $265 million; despite a slight dip in net sales, the firm achieved a 12% year-over-year increase in assets under management, reaching $73 billion, highlighting strong demand for retirement products.
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- Share Acquisition: Celina J. Wang Doka, a director at F&G Annuities & Life, acquired 4,760 shares on March 13, 2026, at a weighted average price of $20.98 per share, totaling approximately $100,000, which increased her direct common stock holdings by 17.43%, indicating confidence in the company's future prospects.
- Market Recovery: Since the purchase, F&G Annuities & Life's stock has rebounded about 15% within just two weeks, suggesting a positive market response and possibly reflecting a strategic move during a period of volatility.
- Asset Management Growth: The company reported approximately $73 billion in assets under management, marking a 12% year-over-year increase, despite a slight dip in net sales due to reinsurance movements, highlighting ongoing demand for retirement products and the company's robust market position.
- Profitability Analysis: Although adjusted net earnings fell to $412 million, a 13.3% decrease from the previous year, the continued growth in assets and distribution capabilities underscores the company's resilience in a competitive insurance landscape.
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- Share Acquisition Details: Celina J. Wang Doka, a director at F&G Annuities & Life, purchased 4,760 shares at a weighted average price of $20.98, totaling approximately $100,000, indicating her confidence in the company's future prospects.
- Ownership Increase: Following this transaction, Doka's direct holdings rose from 27,310 to 32,070 shares, marking a 17.43% increase, which not only reinforces her commitment as an insider but also reflects her positive outlook on the company's future.
- Market Reaction Analysis: Despite F&G Annuities' stock price declining by 46.43% over the past year, Doka's purchase price was below recent trading levels, suggesting she may be capitalizing on market opportunities, reflecting confidence in the company's value.
- Business Growth Context: F&G Annuities has reached approximately $73 billion in assets under management, a 12% year-over-year increase, and despite a slight dip in net sales, the ongoing demand for retirement products indicates the company's competitive strength in the market.
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- Repurchase Program Initiation: F&G Annuities & Life has approved a new three-year stock repurchase program effective March 16, 2026, allowing for the repurchase of up to $100 million in common stock, thereby enhancing shareholder value and boosting market confidence.
- Existing Authorization Status: The company's current stock repurchase authorization permits total repurchases of up to $50 million, with approximately $32 million remaining available as of March 13, 2026, indicating the company's flexibility in capital management and commitment to ongoing repurchases.
- Authorization Expiration: The existing repurchase authorization is set to expire on November 6, 2026, and F&G's continued repurchase strategy reflects confidence in future market performance, potentially generating positive reactions among shareholders.
- Strategic Transformation Signal: F&G Annuities & Life also indicated plans to shift 25% of its earnings to fee-based models by 2028 while expanding assets under management and capital flexibility, demonstrating the company's strategic adjustments and forward-looking positioning.
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- Partnership Formation: F&G's annuity products will be distributed through Voya's Wealth Management platform, marking a commitment from both premier financial services organizations to help Americans achieve financial security.
- Expanded Product Suite: Voya's financial professionals will have access to F&G's fixed indexed annuities, registered index-linked annuities, and multi-year guaranteed annuities, enhancing clients' retirement and income protection options.
- Supportive Educational Resources: Voya's financial professionals will receive educational resources and product expertise from F&G, aimed at driving strong advisor and client outcomes, thereby enhancing customer financial confidence.
- Enhanced Market Impact: This collaboration not only strengthens Voya's ability to deliver solutions for retirement and investment needs but also expands market access to annuity solutions by combining F&G's competitive offerings with Voya's distribution capabilities.
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- Strategic Partnership: F&G's annuity products will be distributed through Voya's Wealth Management platform, marking a strategic collaboration between two financial service organizations aimed at helping more Americans achieve financial security.
- Expanded Product Suite: Voya's financial professionals will have access to F&G's fixed indexed annuities, registered index-linked annuities, and multi-year guaranteed annuities, providing clients with additional retirement and income protection options to meet diverse retirement planning needs.
- Supportive Educational Resources: Voya will provide its financial advisors with educational resources and product expertise related to F&G's annuity offerings, aimed at enhancing advisor and client outcomes and further boosting clients' financial confidence.
- Shared Values: Both companies share a strong commitment to innovation, integrity, and customer-centric values, and this partnership will enhance Voya's ability to deliver impactful solutions that help clients address a wide range of retirement and investment needs.
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