FNF vs. FG

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity National Financial, Inc. (FNF) and F&G Annuities & Life Inc. (FG).

Performance

FNF vs. FG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity National Financial, Inc. (FNF) and F&G Annuities & Life Inc. (FG). The values are adjusted to include any dividend payments, if applicable.

FNF vs. FG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FNF Fidelity National Financial, Inc.	-14.11%	4.35%	14.02%	42.18%	-1.22%
FG F&G Annuities & Life Inc.	-16.99%	-23.60%	-7.98%	137.11%	4.60%

Fundamentals

Market Cap FNF : $12.52B FG : $3.52B
EPS FNF : $2.21 FG : $1.93
PE Ratio FNF : 20.96 FG : 13.12
PEG Ratio FNF : 0.76 FG : 0.23
PS Ratio FNF : 1.40 FG : 0.63
PB Ratio FNF : 1.40 FG : 0.73
Total Revenue (TTM) FNF : $9.02B FG : $5.53B
Gross Profit (TTM) FNF : $5.28B FG : $1.56B
EBITDA (TTM) FNF : $1.75B FG : $978.00M

Returns By Period

In the year-to-date period, FNF achieves a -14.11% return, which is significantly higher than FG's -16.99% return.

FNF

• 1D: 1.49%
• 1M: -11.33%
• YTD: -14.11%
• 6M: -18.88%
• 1Y: -23.28%
• 3Y*: 15.58%
• 5Y*: 8.09%
• 10Y*: 11.36%

FG

• 1D: 1.97%
• 1M: 13.06%
• YTD: -16.99%
• 6M: -17.50%
• 1Y: -27.48%
• 3Y*: 14.79%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

FNF vs. FG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FNF

FNF Risk / Return Rank: 11
FNF Sharpe Ratio Rank: 9
FNF Sortino Ratio Rank: 12
FNF Omega Ratio Rank: 12
FNF Calmar Ratio Rank: 15
FNF Martin Ratio Rank: 7

FG

FG Risk / Return Rank: 14
FG Sharpe Ratio Rank: 11
FG Sortino Ratio Rank: 14
FG Omega Ratio Rank: 14
FG Calmar Ratio Rank: 22
FG Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FNF vs. FG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity National Financial, Inc. (FNF) and F&G Annuities & Life Inc. (FG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FNF	FG	Difference
Sharpe ratio Return per unit of total volatility	-0.82	-0.72	-0.09
Sortino ratio Return per unit of downside risk	-1.00	-0.82	-0.18
Omega ratio Gain probability vs. loss probability	0.87	0.89	-0.02
Calmar ratio Return relative to maximum drawdown	-0.76	-0.60	-0.16
Martin ratio Return relative to average drawdown	-1.61	-1.46	-0.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FNF vs. FG - Sharpe Ratio Comparison

The current FNF Sharpe Ratio is -0.82, which is comparable to the FG Sharpe Ratio of -0.72. The chart below compares the historical Sharpe Ratios of FNF and FG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FNF	FG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.82	-0.72	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.27	-0.01

Correlation

The correlation between FNF and FG is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FNF vs. FG - Dividend Comparison

FNF's dividend yield for the trailing twelve months is around 4.32%, more than FG's 3.71% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNF Fidelity National Financial, Inc.	4.32%	3.60%	3.46%	3.59%	4.57%	2.99%	3.45%	2.78%	3.82%	37.01%	2.59%	2.31%
FG F&G Annuities & Life Inc.	3.71%	2.95%	2.05%	1.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FNF vs. FG - Drawdown Comparison

The maximum FNF drawdown since its inception was -72.49%, which is greater than FG's maximum drawdown of -56.24%. Use the drawdown chart below to compare losses from any high point for FNF and FG.

Drawdown Indicators

	FNF	FG	Difference
Max Drawdown Largest peak-to-trough decline	-72.49%	-56.24%	-16.25%
Max Drawdown (1Y) Largest decline over 1 year	-30.06%	-42.73%	+12.67%
Max Drawdown (5Y) Largest decline over 5 years	-36.69%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-56.21%	—	—
Current Drawdown Current decline from peak	-25.02%	-45.84%	+20.82%
Average Drawdown Average peak-to-trough decline	-17.09%	-18.10%	+1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.16%	17.67%	-3.51%

Volatility

FNF vs. FG - Volatility Comparison

The current volatility for Fidelity National Financial, Inc. (FNF) is 10.26%, while F&G Annuities & Life Inc. (FG) has a volatility of 13.42%. This indicates that FNF experiences smaller price fluctuations and is considered to be less risky than FG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNF	FG	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.26%	13.42%	-3.16%
Volatility (6M) Calculated over the trailing 6-month period	19.53%	28.37%	-8.84%
Volatility (1Y) Calculated over the trailing 1-year period	28.52%	38.11%	-9.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.91%	43.60%	-17.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.05%	43.60%	-15.55%

Financials

FNF vs. FG - Profitability Comparison

The chart below illustrates the profitability comparison between Fidelity National Financial, Inc. and F&G Annuities & Life Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

FNF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Fidelity National Financial, Inc. reported a gross profit of 0.00 and revenue of -1.17B. Therefore, the gross margin over that period was 0.0%.

FG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, F&G Annuities & Life Inc. reported a gross profit of 500.00M and revenue of 1.77B. Therefore, the gross margin over that period was 28.3%.

FNF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Fidelity National Financial, Inc. reported an operating income of 0.00 and revenue of -1.17B, resulting in an operating margin of 0.0%.

FG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, F&G Annuities & Life Inc. reported an operating income of 161.00M and revenue of 1.77B, resulting in an operating margin of 9.1%.

FNF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Fidelity National Financial, Inc. reported a net income of -117.00M and revenue of -1.17B, resulting in a net margin of 10.0%.

FG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, F&G Annuities & Life Inc. reported a net income of 128.00M and revenue of 1.77B, resulting in a net margin of 7.3%.