COMP <GO>

FG vs BHF // EV/EBITDA & P/E VALUATION

F&G Annuities & Life Inc. (NYSE) VS. Brighthouse Financial Inc. (NASDAQ) • 15-METRIC TALLY: FG 3 — BHF 4

■ METRIC PARITY

LAST: $21.05 (+2.18%) • MKT CAP: $2.76B

valuation

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LAST: $42.98 (-1.89%) • MKT CAP: $2.47B

valuation

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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (FG VS. BHF) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	FG	BHF	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	5.20%	4.90%	+0.30	FG	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	10.48%	—	TIE	/fcf-yield <GO>
Operating Margin	—	—	—	TIE	/operating-margins <GO>
Net Profit Margin	4.30%	4.90%	-0.60	BHF	/net-margins <GO>
Revenue Growth (YoY)	-0.20%	43.20%	-43.40	BHF	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	4/9	5/9	-1.00	BHF	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	51.5	26.5	+25.02	FG	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	10.3x	6.3x	+4.00	BHF	/forward-pe <GO>
Enterprise Scale & Market Cap	$2.76B	$2.47B	$284.3M	FG	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	FG REV	BHF REV	FG GROSS %	BHF GROSS %	FG FCF	BHF FCF
FY 2025	$5.73B	$6.77B	—	—	$4.68B	$259.0M
FY 2024	$5.74B	$4.72B	—	—	$6.00B	-$290.0M
FY 2023	$4.50B	$4.12B	—	—	$5.83B	-$137.0M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

FG // BETA —

BHF // BETA —