F&G Annuities & Life, Inc. is a prominent U.S. provider of insurance solutions, specializing in fixed annuities and life insurance products. Headquartered in Des Moines, Iowa, the company serves both retail consumers and institutional clients. Its comprehensive product portfolio includes fixed indexed annuities (FIAs), registered index-linked annuities (RILAs), multi-year guarantee annuities (MYGAs), and indexed universal life (IUL) insurance. For institutional clients, F&G offers pension risk transfer (PRT) solutions and institutional funding agreements.
The company generates revenue primarily through insurance premiums, policy fees, and the investment income earned on its substantial portfolio of assets under management. F&G employs a diversified distribution strategy, marketing its retail products through a network of independent marketing organizations (IMOs), independent agents, banks, and broker-dealers. This multi-channel approach allows the company to reach a broad demographic of individuals seeking retirement savings, wealth transfer, and income protection solutions.
F&G operates as a majority-owned subsidiary of Fidelity National Financial, Inc. (FNF), which retained an approximately 85% ownership stake following F&G's partial spin-off and public listing in late 2022. The company's competitive position is supported by its strategic partnership with Blackstone, which provides investment management services for a significant portion of F&G's investment portfolio, helping to optimize risk-adjusted returns and support the competitive pricing of its annuity and life insurance products.
