F&G Annuities & Life vs Primerica
F&G Annuities & Life is the larger business, with $5.73bn of revenue in fiscal 2025 against $3.29bn for Primerica (1.7 times as much). Primerica grew faster (6.6% against -0.2%). Primerica kept more of each dollar of sales as profit: a net margin of 22.7% against 4.6%. Primerica carries less debt relative to equity (0.0% against 47.3%).
| Latest fiscal year | F&G Annuities & LifeFG, 2025 | PrimericaPRI, 2025 |
|---|---|---|
| Revenue | $5.73bn | $3.29bn |
| Revenue growth | -0.2% | 6.6% |
| Net income | $265m | $749m |
| Operating margin | — | — |
| Net margin | 4.6% | 22.7% |
| Return on equity | 6.1% | 31.8% |
| Free cash flow | — | $901m |
| Cash | $1.49bn | $756m |
| Total debt | $2.27bn | $0 |
| Debt to equity | 47.3% | 0.0% |
| Dividend per share | $0.91 | — |
| Dividend yield | 5.2% | 3.2% |
| Share buybacks | $10.0m | $450m |
| Employees | 1,173 | 2,833 |
| Market value | $2.82bn | $8.72bn |
| Price vs our value range | — | — |
| Moat score | — | 87 (Strong) |
| Insider trades, 12 months | 5 buys, 0 sales | 0 buys, 11 sales |