F&g Annuities & Life(NYSE) FG

F&G Annuities & Life, Inc. helps people save money for retirement. It provides products that pay regular income to older adults. The company also helps families through life insurance policies.

Retirement Plans and Protective Policies

• Indexed Annuities: Products that offer growth based on stock market indices; protects the initial investment from market drops.
• Life Insurance: Policies that accumulate cash value; provides financial support to beneficiaries after the death of the policyholder.
• Pension Risk Transfers: Services that allow companies to move retirement payment duties to F&G; ensures retirees receive promised benefits.
• Funding Agreements: Investment contracts sold to large institutions; pays either fixed or floating interest rates to the buyer.

Growing Through Strategic Changes

• Launched into bank and broker-dealer sales channels in 2020 following the acquisition by Fidelity National Financial.
• Entered the institutional market in 2021 to offer funding agreements and pension risk solutions.
• Purchased ownership stakes in several independent marketing organizations to expand its agent-based distribution network.
• Completed the sale of its subsidiary F&G Life Re to an unrelated third party during the first half of 2026.

Connecting With Middle-Income Families

F&G reaches its customers through a diverse network of banks, brokers, and its own agents. The company maintains a strategic partnership with Blackstone to manage its investment assets for steady returns.

Key Numbers From the Ledger

• Net earnings attributable to common shareholders were $163 million for the six-month period ended June 30, 2026.
• Total revenues reached $2.6 billion during the six-month period ended June 30, 2026.
• Market capitalization was $3.5 billion in the second quarter of 2026, down 18.7% year over year.
• Gross sales totaled $5.9 billion for the six-month period ended June 30, 2026.
• Average assets under management, representing the size of the retained investment portfolio, were $56.9 billion for the six-month period ended June 30, 2026.

Evolution of the Business

F&G has transitioned from a subsidiary of a larger firm into a publicly traded insurance provider focused on the aging American population. Its expansion into institutional markets and distribution ownership creates a broader base for its retirement and life insurance operations.