F&G Annuities & Life, Inc.
F&G Annuities & Life, Inc. (NYSE: FG) is a leading provider of insurance solutions serving retail annuity and life customers as well as institutional clients. Founded in 1959, the company operates through insurance subsidiaries including Fidelity & Guaranty Life Insurance Company and Fidelity & Guaranty Life Insurance… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What F&G Annuities & Life, Inc. does
In the company’s own words
F&G Annuities & Life, Inc. (NYSE: FG) is a leading provider of insurance solutions serving retail annuity and life customers as well as institutional clients. Founded in 1959, the company operates through insurance subsidiaries including Fidelity & Guaranty Life Insurance Company and Fidelity & Guaranty Life Insurance Company of New York. The company website is www.fgannuities.com.
F&G's core business centers on fixed indexed annuities, registered index-linked annuities, multi-year guarantee annuities, indexed universal life insurance, pension risk transfer solutions, and funding agreements. For the year ended December 31, 2025, fixed indexed annuities generated approximately 46 percent of gross sales, with the remaining 54 percent primarily from fixed rate annuities at 26 percent, pension risk transfer sales at 15 percent, funding agreements at 12 percent, and indexed universal life at 1 percent. The company serves approximately 778,000 policyholders and approximately 145,000 plan participants receiving pension payments through F&G's pension risk transfer solutions.
The company operates through five distinct distribution channels: independent marketing organizations, bank and broker-dealer channels, network marketing groups focused on underserved middle market demographics, owned distribution partnerships, and institutional markets. F&G has invested approximately 700 million dollars in owned distribution partners through minority and majority ownership stakes in several independent marketing organizations and wholesalers. The company maintains relationships with approximately 187,000 independent agents and financial advisors and works with approximately 26 leading banks and broker-dealers.
As of December 31, 2025, F&G managed 57.6 billion dollars in assets under management, growing from 26.5 billion dollars at the time of Fidelity National Financial's acquisition in June 2020. The company employs over 1,100 people and maintains a diversified, high-quality investment portfolio with 96 percent of fixed maturity securities rated as NAIC 1 or NAIC 2. F&G's inforce liabilities total 56.8 billion dollars with a liability duration of approximately five years, well matched to its assets. The company benefits from a strategic partnership with Blackstone for differentiated asset management and investment origination capabilities.
Company details
- Sector
- Financials
- Industry
- Life Insurance
- Headquarters
- DES MOINES, IA
- Fiscal year end
- December
- CIK
- 1934850
- SIC
- 6311
Financial performance, year by year
Fiscal 2022–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns F&G Annuities & Life, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Superinvestors in F&G Annuities & Life, Inc. · what they did last quarter
Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.
Largest fund holders · F&G Annuities & Life, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.
Could not be determined for this company: bond issues.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
Compare this company with peers, find it in your funds and follow its financial history with your connected AI:
- “How do F&G Annuities & Life, Inc. and its peers compare on margins and cash generation over ten years?”
- “Where did five years of F&G Annuities & Life, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
- “What changed in F&G Annuities & Life, Inc.'s last four quarterly filings that the numbers alone won't show?”