Description

F&G Annuities Is Aligning Capital And Strategy To Drive Sustainable Growth And Margin Expansion!

F&G’s financial results for the full year 2025 reflect continued execution of its strategy to transition toward a more fee-based, higher-margin, and capital-efficient business model. The company reported record assets under management (AUM) before flow reinsurance of $73.1 billion, a 12% increase over the prior year, driven by robust gross sales of $14.6 billion. Core product sales, including indexed annuities, indexed universal life insurance, and pension risk transfer, remained steady at $9 billion. Opportunistic sales, such as multiyear guaranteed annuities (MYGA) and funding agreements, reached $5.6 billion but were moderated compared to 2024, reflecting disciplined pricing and capital allocation. The investment portfolio maintained its high quality, with 97% of fixed maturities investment grade and a fixed income yield of 4.65% in the fourth quarter, slightly above prior periods. Credit impairments remained low at 8 basis points for 2025, well below pricing assumptions.