F&G Annuities & Life, Inc.: Initiation of Coverage – Expansion of Product Portfolio and Penetration into New Demographics! 

F&G started the year with robust first-quarter results, demonstrating a strategic focus on growth and maintaining a balanced capital management process while transitioning into more capital-light strategies. The company reported gross sales of $3.5 billion, marking its second-highest gross sales performance on record, which was a 6% increase from the previous year. This performance was driven by sustainable momentum across their multi[1]channel new business platform and strong demand in a volatile and higher interest rate environment. In the retail channel, sales reached $2.8 billion, with notable increases in fixed indexed annuity sales, although multiyear guaranteed annuity sales were lower. This product mix helped retain a higher percentage of net sales. The introduction of the registered index-linked annuity (RILA) product opens a new avenue for growth, targeting younger demographics with a different risk appetite.