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F&G Annuities & Life FG · USD

Financials · US listing · 🇺🇸 United States

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25.55

+9.28%

Close of 9 Nov 2026, in USD

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About F&G Annuities & Life

From its filings with the US Securities and Exchange Commission

SEC filings

F&G Annuities & Life is based in Des Moines, Iowa and is incorporated in Delaware. Its shares trade on NYSE under the ticker FG. The SEC classifies its business as life insurance. In the fiscal year to 31 December 2025, it reported revenue of $5.73bn and net income of $265.0m. At that date it held total assets of $98.43bn and shareholders' equity of $4.80bn.

In its own words

On June 1, 2020, F&G was acquired by Fidelity National Financial, Inc. (“FNF”). We have benefited from financial strength ratings upgrades since the acquisition; S&P and Fitch upgraded to A- in June 2020, Moody’s upgraded to A3 in July 2023, and A.M. Best upgraded to A in January 2024. These upgrades are valued by our distribution partners and positioned us to quickly expand our business in our existing channels and gain access to new markets. Gross sales increased from $4.5 billion for the full year 2020 to $14.6 billion in 2025. With our success in expanding distribution under FNF’s ownership, we have grown assets under management (“AUM”) from $26.5 billion at the time of acquisition to $57.6 billion as of December 31, 2025. We now operate in and source significant premiums from three distinct retail channels and two institutional markets versus a single channel prior to the acquisition by FNF in June 2020. For a discussion of the five distinct channels, see “We Play in Large and Growing Markets” and “Our Retail Distribution Channels” within this section of the Annual Report on Form 10-K.

Quoted from its 10-K, filed 26 Feb 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Financials
Industry
Insurance
Listed since
21 Nov 2022
Employees
1,173
Website
fglife.com ↗
Head office
801 GRAND AVE, SUITE 2600, DES MOINES, IA, 50309
Incorporated in
DE
Classification
Life Insurance
Filer status
Accelerated filer

Leadership

Pay as last reported

  • Mr. William FoleyExecutive Chairman of the Board, since 2022$6.5m
  • Mr. Conor MurphyPresident, Chief Financial Officer, Executive Vice President
  • Mr. Christopher BluntChief Executive Officer, Director, since 2024$11.2m
  • Ms. Leena PunjabiExecutive Vice President, Chief Investment Officer$2.1m
  • Mr. Michael GravelleExecutive Vice President, General Counsel, Corporate Secretary
  • Ms. Wendy YoungExecutive Vice President, Chief Liability Officer$2.9m
  • Mr. Michael NolanDirector$401,696
  • Mr. Raymond QuirkDirector$401,696
  • Mr. Douglas AmmermanIndependent Director$457,044
  • Mr. Douglas MartinezIndependent Director$418,168
  • Mr. John RoodIndependent Director$461,483
  • Ms. Celina Wang DokaIndependent Director$418,168

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
48
Environment
41
Social
50
Governance
54
Carbon reduction policy
No
Human rights policy
No

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • F&G Annuities & Life offers fixed indexed annuities linked to the S&P 500 Index with principal protection for contract owners.
  • The company employs 1173 staff members to support its operations in the US financial sector effectively.
  • Deferred annuities and immediate annuities are distributed through independent agents and broker dealers for broad market reach.

Weaknesses

  • The company is headquartered in Des Moines, Iowa, which may limit access to major financial hubs.
  • Only 872 full-time employees are currently working for the company despite a larger reported headcount.
  • The IPO occurred on 21 November 2022, meaning the company has a relatively short public trading history.

Opportunities

  • Indexed universal life insurance products can attract customers seeking flexible coverage options within the life insurance segment.
  • Pension risk transfer solutions provide institutional channels for expanding revenue streams beyond retail distribution methods.
  • Funding agreements offered through institutional channels present opportunities for growth in the corporate finance market.

Threats

  • Market index performance fluctuations directly impact returns on fixed indexed annuities for policyholders.
  • Dependence on independent agents creates vulnerability to changes in distribution channel relationships and incentives.
  • Economic downturns may reduce consumer demand for fixed rate annuities and life insurance products significantly.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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