# F&G Annuities & Life, Inc.

Summary updated: 2026-10-02T11:52:00.023602Z
Canonical: https://finbar.com/research/companies/f-g-annuities-life-inc

## Overview

F&G Annuities & Life, Inc. is a U.S.-focused insurance and retirement-solutions company headquartered in Des Moines, Iowa. It serves individual customers through fixed-indexed, multi-year guaranteed and registered index-linked annuities, as well as life insurance; its institutional business includes pension risk transfer and funding agreements. [1](https://investors.fglife.com/corporate-profile/)[2](https://www.fglife.com/annuities.html)[3](https://app.finbar.com/go?id=P14896148)

The company describes its mission as helping people turn aspirations into reality. [4](https://brand.fglife.com/brand-voice/) As of June 30, 2026, it reported $103.6 billion in consolidated assets and $2.6 billion in revenue for the six months ended that date. [5](https://app.finbar.com/go?id=T17187662)[6](https://app.finbar.com/go?id=T17187769)
[1](https://investors.fglife.com/corporate-profile/)[2](https://www.fglife.com/annuities.html)[3](https://app.finbar.com/go?id=P14896148)[4](https://brand.fglife.com/brand-voice/)[5](https://app.finbar.com/go?id=T17187662)[6](https://app.finbar.com/go?id=T17187769)[1](https://investors.fglife.com/corporate-profile/)[2](https://www.fglife.com/annuities.html)[4](https://brand.fglife.com/brand-voice/)

## Products & services

F&G Annuities & Life offers fixed indexed annuities (FIAs), fixed-rate annuities and registered index-linked annuities (RILAs). Its FIAs generally provide tax-deferred accumulation with index-linked crediting potential while protecting principal from market losses; interest credits may be limited by caps, spreads or participation rates. Contract features can include annual choices among index and fixed strategies, minimum surrender values, and optional riders for lifetime income, liquidity or guaranteed withdrawal and death benefits, often for a fee. Fixed-rate products include annual-reset annuities and multi-year guaranteed annuities (MYGAs), which guarantee an initial rate for a specified term. [7](https://app.finbar.com/go?id=P22614810)[8](https://app.finbar.com/go?id=P27743372)[9](https://app.finbar.com/go?id=P35188445)[10](https://home.fglife.com/annuities)

Named products in F&G materials include F&G Confidence Builder, a single-premium RILA with fixed-rate and market-linked strategies; F&G Secure MYGA 3, 5 & 7, with initial rate-guarantee terms of three, five or seven years; and F&G 1-2-3, a deferred FIA. Its life-insurance offerings include Pathsetter and Everlast fixed indexed universal life products. Product features and availability can vary by state and issue date. [11](https://assets.fglife.com/is/content/fglife/ad-reviewed-materials/adv/adv3100s/ADV3121%20Confidence%20Builder%20RILA%20%28CB%29.pdf)[12](https://assets.fglife.com/is/content/fglife/ad-reviewed-materials/adv/adv2800s/ADV2867%20Secure%20MYGA%20Non-MVA%20%28CB%29.pdf)[13](https://assets.fglife.com/is/content/fglife/ad-reviewed-materials/adv/adv5400s/ADV5453%20FG%201-2-3%20%28CB%29.pdf)[14](https://assets.fglife.com/is/content/fglife/ad-reviewed-materials/adv/adv2200s/ADV2261%20FG%20Pathsetter%20%28CB%29-Standard.pdf)[15](https://assets.fglife.com/is/content/fglife/ad-reviewed-materials/adv/adv2200s/ADV2219%20FG%20Everlast%20%28CB%29-Standard.pdf)

For institutional clients, F&G provides pension risk-transfer (PRT) annuities, including pension plan buy-outs that make direct, irrevocable commitments to pay covered participants’ specified benefits. Retail products are distributed through independent marketing organizations, banks and broker-dealers; F&G designs, issues and services products, while distribution partners support agents and sales. In 2025, PRT sales were $2.1 billion, compared with $14.6 billion in total gross sales—about 14%; company reporting does not break out earnings or assets by individual product line. [16](https://app.finbar.com/go?id=P106814329)[17](https://app.finbar.com/go?id=P60770129)[18](https://app.finbar.com/go?id=P109685216)[19](https://app.finbar.com/go?id=P29998913)[20](https://app.finbar.com/go?id=P14437136)
[7](https://app.finbar.com/go?id=P22614810)[8](https://app.finbar.com/go?id=P27743372)[9](https://app.finbar.com/go?id=P35188445)[10](https://home.fglife.com/annuities)[11](https://assets.fglife.com/is/content/fglife/ad-reviewed-materials/adv/adv3100s/ADV3121%20Confidence%20Builder%20RILA%20%28CB%29.pdf)[12](https://assets.fglife.com/is/content/fglife/ad-reviewed-materials/adv/adv2800s/ADV2867%20Secure%20MYGA%20Non-MVA%20%28CB%29.pdf)[13](https://assets.fglife.com/is/content/fglife/ad-reviewed-materials/adv/adv5400s/ADV5453%20FG%201-2-3%20%28CB%29.pdf)[14](https://assets.fglife.com/is/content/fglife/ad-reviewed-materials/adv/adv2200s/ADV2261%20FG%20Pathsetter%20%28CB%29-Standard.pdf)[15](https://assets.fglife.com/is/content/fglife/ad-reviewed-materials/adv/adv2200s/ADV2219%20FG%20Everlast%20%28CB%29-Standard.pdf)[16](https://app.finbar.com/go?id=P106814329)[17](https://app.finbar.com/go?id=P60770129)[18](https://app.finbar.com/go?id=P109685216)[19](https://app.finbar.com/go?id=P29998913)[20](https://app.finbar.com/go?id=P14437136)[10](https://home.fglife.com/annuities)[11](https://assets.fglife.com/is/content/fglife/ad-reviewed-materials/adv/adv3100s/ADV3121%20Confidence%20Builder%20RILA%20%28CB%29.pdf)[12](https://assets.fglife.com/is/content/fglife/ad-reviewed-materials/adv/adv2800s/ADV2867%20Secure%20MYGA%20Non-MVA%20%28CB%29.pdf)[13](https://assets.fglife.com/is/content/fglife/ad-reviewed-materials/adv/adv5400s/ADV5453%20FG%201-2-3%20%28CB%29.pdf)[14](https://assets.fglife.com/is/content/fglife/ad-reviewed-materials/adv/adv2200s/ADV2261%20FG%20Pathsetter%20%28CB%29-Standard.pdf)[15](https://assets.fglife.com/is/content/fglife/ad-reviewed-materials/adv/adv2200s/ADV2219%20FG%20Everlast%20%28CB%29-Standard.pdf)

## Geographic presence

F&G Annuities & Life, Inc.’s U.S. insurance footprint includes all states and Puerto Rico except New York through FGL Insurance; its separate FGL NY Insurance subsidiary operates in New York. The companies’ regulatory domiciles include Iowa for FGL Insurance and New York for FGL NY Insurance. [21](https://app.finbar.com/go?id=P111041032)[22](https://app.finbar.com/go?id=T2209206)

The company lists its principal executive offices in Des Moines, Iowa, and reported more than 1,100 employees in its FY2025 filing. [23](https://www.sec.gov/Archives/edgar/data/1934850/000193485026000026/fg-20251231.htm) The reviewed disclosures do not provide revenue or employee figures by geography; the reported insurance footprint is domestic, including Puerto Rico. [21](https://app.finbar.com/go?id=P111041032)
[21](https://app.finbar.com/go?id=P111041032)[22](https://app.finbar.com/go?id=T2209206)[23](https://www.sec.gov/Archives/edgar/data/1934850/000193485026000026/fg-20251231.htm)

## Business segments

F&G Annuities & Life, Inc. reported one segment for FY2025, reflecting how its chief operating decision maker views and manages the business; that segment represents 100% of the company’s reported segment scope. The company also describes its activities through retail and institutional product-market groupings, but does not report these as separate segments or provide a supported percentage split of revenue, earnings, premiums, or assets between them. [24](https://app.finbar.com/go?id=P108088491)[25](https://app.finbar.com/go?id=P12085320)

The retail grouping includes deferred annuities—fixed indexed annuities, registered index-linked annuities, and fixed-rate multi-year guaranteed annuities—as well as immediate annuities and indexed universal life insurance. Retail products are distributed through agent-based independent marketing organizations, banks, and broker-dealers. [26](https://app.finbar.com/go?id=P104776814)[27](https://app.finbar.com/go?id=P11884135)[28](https://app.finbar.com/go?id=P45321312)[29](https://app.finbar.com/go?id=P56321773) The institutional grouping includes pension risk-transfer solutions and funding agreements, including funding agreement-backed notes and Federal Home Loan Bank agreements. [30](https://app.finbar.com/go?id=P42171364)[31](https://app.finbar.com/go?id=P66519945)
[24](https://app.finbar.com/go?id=P108088491)[25](https://app.finbar.com/go?id=P12085320)[26](https://app.finbar.com/go?id=P104776814)[27](https://app.finbar.com/go?id=P11884135)[28](https://app.finbar.com/go?id=P45321312)[29](https://app.finbar.com/go?id=P56321773)[30](https://app.finbar.com/go?id=P42171364)[31](https://app.finbar.com/go?id=P66519945)

## Company history

F&G’s insurance roots date to 1959, when its predecessor, Fidelity & Guaranty Life Insurance Company, was incorporated in Maryland. Harbinger Group acquired the business in 2011. In 2013, Harbinger F&G converted into a Delaware corporation and adopted the Fidelity & Guaranty Life name; the company then completed an initial public offering and began trading on the New York Stock Exchange as FGL. [32](https://www.sec.gov/Archives/edgar/data/1668428/000119312518117910/d572394dex991.htm)[33](https://www.sec.gov/Archives/edgar/data/109177/000114420411028566/v222091_ex99-1.htm)[34](https://www.sec.gov/Archives/edgar/data/1585064/000119312513350858/d588103ds1.htm)[35](https://fglife.investorroom.com/2013-12-12-Fidelity-Guaranty-Life-Prices-Initial-Public-Offering)

CF Corporation acquired the company in 2017 and changed its name to FGL Holdings; the shares returned to NYSE trading under the symbol FG. Fidelity National Financial acquired FGL Holdings in 2020. In December 2022, FNF completed a partial spin-off, distributing about 15% of F&G to its shareholders while retaining about 85%, and F&G began regular-way trading as a public company. In 2024, F&G expanded its distribution operations by acquiring a 70% stake in Roar Joint Venture, which wholesales life insurance and annuity products through agents. [36](https://fglife.investorroom.com/2017-11-30-CF-Corporation-Completes-Acquisition-of-Fidelity-Guaranty-Life)[37](https://investors.fglife.com/news/news-details/2020/Fidelity-National-Financial-Completes-Acquisition-of-FGL-Holdings/default.aspx)[38](https://sec.gov/Archives/edgar/data/1934850/000193485024000027/R24.htm)
[32](https://www.sec.gov/Archives/edgar/data/1668428/000119312518117910/d572394dex991.htm)[33](https://www.sec.gov/Archives/edgar/data/109177/000114420411028566/v222091_ex99-1.htm)[34](https://www.sec.gov/Archives/edgar/data/1585064/000119312513350858/d588103ds1.htm)[35](https://fglife.investorroom.com/2013-12-12-Fidelity-Guaranty-Life-Prices-Initial-Public-Offering)[36](https://fglife.investorroom.com/2017-11-30-CF-Corporation-Completes-Acquisition-of-Fidelity-Guaranty-Life)[37](https://investors.fglife.com/news/news-details/2020/Fidelity-National-Financial-Completes-Acquisition-of-FGL-Holdings/default.aspx)[38](https://sec.gov/Archives/edgar/data/1934850/000193485024000027/R24.htm)[32](https://www.sec.gov/Archives/edgar/data/1668428/000119312518117910/d572394dex991.htm)[33](https://www.sec.gov/Archives/edgar/data/109177/000114420411028566/v222091_ex99-1.htm)[34](https://www.sec.gov/Archives/edgar/data/1585064/000119312513350858/d588103ds1.htm)[35](https://fglife.investorroom.com/2013-12-12-Fidelity-Guaranty-Life-Prices-Initial-Public-Offering)[36](https://fglife.investorroom.com/2017-11-30-CF-Corporation-Completes-Acquisition-of-Fidelity-Guaranty-Life)[37](https://investors.fglife.com/news/news-details/2020/Fidelity-National-Financial-Completes-Acquisition-of-FGL-Holdings/default.aspx)[38](https://sec.gov/Archives/edgar/data/1934850/000193485024000027/R24.htm)

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8. [F&G Annuities & Life, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P27743372)
9. [F&G Annuities & Life, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P35188445)
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16. [F&G Annuities & Life, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P106814329)
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20. [F&G Annuities & Life, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P14437136)
21. [F&G Annuities & Life, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P111041032)
22. [F&G Annuities & Life, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T2209206)
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24. [F&G Annuities & Life, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P108088491)
25. [F&G Annuities & Life, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P12085320)
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27. [F&G Annuities & Life, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P11884135)
28. [F&G Annuities & Life, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P45321312)
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