WallStSmart

F&G Annuities & Life Inc. (FG)vsManulife Financial Corp (MFC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Manulife Financial Corp generates 446% more annual revenue ($33.11B vs $6.07B). MFC leads profitability with a 20.3% profit margin vs 6.9%. FG trades at a lower P/E of 7.9x. MFC earns a higher WallStSmart Score of 75/100 (B).

FG

Hold

47

out of 100

Grade: D+

Growth: 5.3Profit: 4.0Value: 6.7Quality: 4.8
Piotroski: 2/9

MFC

Strong Buy

75

out of 100

Grade: B

Growth: 8.0Profit: 7.0Value: 7.0Quality: 7.3
Piotroski: 5/9

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FG3 strengths · Avg: 9.3/10
P/E RatioValuation
7.9x10/10

Attractively priced relative to earnings

Price/BookValuation
0.7x10/10

Reasonable price relative to book value

Free Cash FlowQuality
$1.49B8/10

Generating 1.5B in free cash flow

MFC6 strengths · Avg: 8.5/10
Market CapQuality
$72.16B9/10

Large-cap with strong market position

Profit MarginProfitability
20.3%9/10

Keeps 20 of every $100 in revenue as profit

Debt/EquityHealth
0.279/10

Conservative balance sheet, low leverage

PEG RatioValuation
0.888/10

Growing faster than its price suggests

P/E RatioValuation
16.2x8/10

Attractively priced relative to earnings

Price/BookValuation
2.0x8/10

Reasonable price relative to book value

Areas to Watch

FG4 concerns · Avg: 3.0/10
Revenue GrowthGrowth
4.2%4/10

4.2% revenue growth

Profit MarginProfitability
6.9%3/10

6.9% margin — thin

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

EPS GrowthGrowth
-64.2%2/10

Earnings declined 64.2%

MFC0 concerns · Avg: 0/10

No major concerns identified

Comparative Analysis Report

WallStSmart Research

Bull Case : FG

The strongest argument for FG centers on P/E Ratio, Price/Book, Free Cash Flow.

Bull Case : MFC

The strongest argument for MFC centers on Market Cap, Profit Margin, Debt/Equity. Profitability is solid with margins at 20.3% and operating margin at 28.2%. Revenue growth of 10.7% demonstrates continued momentum.

Bear Case : FG

The primary concerns for FG are Revenue Growth, Profit Margin, Piotroski F-Score.

Bear Case : MFC

No major red flags identified for MFC, but monitor valuation.

Key Dynamics to Monitor

FG profiles as a value stock while MFC is a mature play — different risk/reward profiles.

FG carries more volatility with a beta of 1.24 — expect wider price swings.

MFC is growing revenue faster at 10.7% — sustainability is the question.

MFC generates stronger free cash flow (9.1B), providing more financial flexibility.

Bottom Line

MFC scores higher overall (75/100 vs 47/100), backed by strong 20.3% margins and 10.7% revenue growth. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

F&G Annuities & Life Inc.

FINANCIAL SERVICES · INSURANCE - LIFE · USA

FGL Holdings sells individual life and annuity insurance products in the United States. The company is headquartered in Des Moines, Iowa.

Manulife Financial Corp

FINANCIAL SERVICES · INSURANCE - LIFE · USA

Manulife Financial Corporation, offers financial products and services in Asia, Canada, the United States and internationally. The company is headquartered in Toronto, Canada.

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