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F&G Annuities & Life FG Business Segments

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Gross premium income by Product
Immediate annuities$5M+400%$1M-75.0%$4M-33.3%$6M0.0%$6M+200%
PRT$324M-60.9%$828M+54.5%$536M+24.1%$432M+38.9%$311M-68.2%
Traditional Life$23M-4.2%$24M-4.0%$25M+4.2%$24M-7.7%$26M-3.7%
Premiums Earned, Net by Product
Life Insurance Product Line$333M-60.0%$832M+52.9%$544M+23.4%$441M+37.4%$321M-67.3%
Premiums received by Product
FABN$0$0$0$0$0
FHLB$0$0$0$0$0
Fixed rate annuities$0$0$0$0$0
Indexed annuities$8M$696M-7.1%$749M+21.4%$617M+1,663%
Universal life$163M+4.5%$156M+4.0%$150M+2.7%$146M+3.5%$141M+5.2%
Direct by Product
Life Insurance Product Line$534M$1.24B+17.0%$1.06B+83.2%$577M
Traditional Life Insurance Premiums$170M$180M-81.9%
Net liability, after reinsurance by Product
FABN$4.08B+22.4%$3.34B0.0%$3.34B+17.7%$2.84B0.0%$2.84B+15.1%
FHLB$2.7B-6.8%$2.9B+8.4%$2.67B+9.1%$2.45B-15.6%$2.9B+1.7%
Fixed rate annuities$6.14B-4.1%$6.4B-3.3%$6.62B-0.6%$6.66B+13.3%$5.88B-8.6%
Indexed annuities$28.27B-6.9%$30.35B+0.3%$30.24B+0.3%$30.17B+1.6%$29.69B+0.3%
Universal life$2.64B+4.8%$2.52B+5.3%$2.39B+6.2%$2.25B+6.9%$2.11B+4.5%
Gross liability, end of period by Product
FABN$4.08B+22.4%$3.34B0.0%$3.34B+17.7%$2.84B0.0%$2.84B+15.1%
FHLB$2.7B-6.8%$2.9B+8.4%$2.67B+9.1%$2.45B-15.6%$2.9B+1.7%
Fixed rate annuities$18.98B-1.5%$19.27B-1.4%$19.53B+1.3%$19.27B+7.7%$17.89B+2.5%
Immediate annuities$259M-1.1%$262M-3.0%$270M-2.5%$277M-2.1%$283M-1.0%
Indexed annuities$33.92B+1.1%$33.55B+2.6%$32.7B+2.7%$31.84B+3.0%$30.93B+1.5%
PRT$6M0.0%$6M0.0%$6M0.0%$6M0.0%$6M0.0%
Traditional Life$4M0.0%$4M-20.0%$5M0.0%$5M0.0%$5M0.0%
Universal life$3.52B+3.4%$3.41B+3.9%$3.28B+4.8%$3.13B+4.9%$2.98B+3.0%
Present Value of Future Insurance Profits, Net by Product
Fixed rate annuities$17M-5.6%$18M-5.3%$19M-5.0%$20M-4.8%$21M-4.5%
Immediate annuities$176M-1.1%$178M-0.6%$179M-1.1%$181M-0.5%$182M-1.1%
Indexed annuities$741M-3.8%$770M-3.6%$799M-3.7%$830M-3.6%$861M-3.5%
Traditional Life$109M-1.8%$111M-2.6%$114M-4.2%$119M-2.5%$122M-2.4%
Universal life$118M-0.8%$119M-1.7%$121M-0.8%$122M-2.4%$125M-0.8%
Expected future gross premiums by Product
Immediate annuities$0$0$0$0$0
PRT$0$0$0$0$0
Traditional Life$601M-4.6%$630M-3.1%$650M-1.2%$658M-1.9%$671M-1.5%
Liability for Future Policy Benefit, after Reinsurance by Product
Immediate annuities$1.14B-2.7%$1.17B-2.1%$1.2B+1.3%$1.18B-0.7%$1.19B0.0%
Traditional Life$735M-5.9%$781M-2.9%$804M+1.3%$794M+1.1%$785M-0.5%
Interest Expense by Product
Immediate annuities$13M-7.1%$14M+7.7%$13M0.0%$13M-7.1%$14M+7.7%
PRT$99M+6.5%$93M+10.7%$84M+5.0%$80M+8.1%$74M+2.8%
Traditional Life$9M+12.5%$8M-11.1%$9M0.0%$9M0.0%$9M0.0%
Other by Product
FABN$0$3M$0$0
FHLB$0$0$0$0$0
Fixed rate annuities$0$0+100%-$1M-200%$1M+200%-$1M
Indexed annuities-$4M$0-100%$3M+200%$1M0.0%$1M
Universal life$0$0$0$0$0
Net amount at risk by Product
Fixed rate annuities$2M0.0%$2M0.0%$2M0.0%$2M0.0%$2M0.0%
Indexed annuities$2.08B+9.6%$1.9B+8.3%$1.75B+9.1%$1.61B+5.9%$1.52B+14.5%
Universal life$29.65B+0.2%$29.58B+0.3%$29.48B-59.4%$72.6B-4.4%$75.93B+2.2%
Balance, end of period, net of reinsurance by Product
Fixed rate annuities$1M0.0%$1M0.0%$1M0.0%$1M0.0%$1M0.0%
Indexed annuities$659M+6.8%$617M+5.1%$587M+18.1%$497M+11.2%$447M+24.5%
Ceded Premiums Earned by Product
Life Insurance Product Line$20M-4.8%$21M0.0%$21M0.0%$21M-4.5%$22M-4.3%
Interest accrual by Product
Immediate annuities$0$1M$0
Traditional Life$12M0.0%$12M0.0%$12M-7.7%$13M0.0%$13M0.0%
Attributed fees collected and interest accrual by Product
Fixed rate annuities$0$0$0$0$0
Indexed annuities$44M-2.2%$45M+25.0%$36M-10.0%$40M+14.3%$35M-20.5%
Expected future benefit payments by Product
Immediate annuities$1.24B-2.7%$1.28B-2.1%$1.3B+1.2%$1.29B-0.6%$1.3B0.0%
PRT$8.18B+0.8%$8.11B+10.2%$7.36B+8.7%$6.77B+6.5%$6.36B+5.1%
Traditional Life$1.79B-3.4%$1.86B-1.8%$1.89B-1.5%$1.92B-0.9%$1.94B-0.5%
Policyholder Account Balance, Policy Charge by Product
FABN$0$0$0$0$0
FHLB$0$0$0$0$0
Fixed rate annuities$0$0$0$0$0
Indexed annuities$57M$742M-6.7%$795M+20.5%$660M+1,100%
Universal life$103M+3.0%$100M+5.3%$95M+2.2%$93M+3.3%$90M+7.1%
Future policy benefits by Product
Immediate annuities$1.24B-2.7%$1.28B-2.1%$1.3B+1.2%$1.29B-0.6%$1.3B0.0%
PRT$8.18B+0.8%$8.11B+10.2%$7.36B+8.7%$6.77B+6.5%$6.36B+5.1%
Traditional Life$1.23B-2.9%$1.27B-1.6%$1.29B-1.0%$1.3B-0.5%$1.31B+0.6%
Policyholder Account Balance, Benefit Payment by Product
FABN$30M-6.3%$32M-90.1%$322M+1,010%$29M+142%$12M-58.6%
FHLB$1.12B+92.5%$583M+2,329%$24M-96.5%$688M-31.4%$1B+3,243%
Fixed rate annuities$93M+8.1%$86M-11.3%$97M$256M+212%
Indexed annuities$115M-12.2%$131M0.0%$131M$726M+472%
Universal life$5M+66.7%$3M-57.1%$7M$24M+380%
Less: Reinsurance recoverable by Product
Immediate annuities$104M-1.9%$106M-2.8%$109M0.0%$109M0.0%$109M0.0%
Traditional Life$498M+1.8%$489M+0.6%$486M-4.5%$509M-3.0%$525M+2.3%
Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change by Product
Immediate annuities$1.24B-2.7%$1.28B-2.1%$1.3B+1.2%$1.29B-0.6%$1.3B0.0%
Traditional Life$1.79B-3.4%$1.86B-1.9%$1.89B-1.2%$1.91B-0.9%$1.93B-0.1%
Policyholder Account Balance Including Customers With No Guaranteed Credit Rating by Product
FABN$4.08B+22.8%$3.32B0.0%$3.32B
FHLB$2.7B-6.8%$2.9B+8.4%$2.67B
Fixed rate annuities$18.97B-1.5%$19.27B-1.4%$19.53B
Indexed annuities$33.97B+2.2%$33.23B+2.8%$32.31B
Universal life$3.43B+4.2%$3.29B+4.2%$3.16B
Change in fair value of other derivatives and embedded derivatives by Product
FABN$0-100%$2.75M0.0%$2.75M0.0%$2.75M0.0%$2.75M
FHLB$0$0$0$0$0
Fixed rate annuities$2M+300%$500K0.0%$500K0.0%$500K0.0%$500K
Indexed annuities-$47M-159%$80.25M0.0%$80.25M0.0%$80.25M0.0%$80.25M
Universal life$92M+220%$28.75M0.0%$28.75M0.0%$28.75M0.0%$28.75M
Capitalization by Product
Indexed annuities$73M-18.0%$89M+4.7%$85M-2.3%$87M+22.5%$71M-29.0%
Universal life$49M+4.3%$47M+4.4%$45M0.0%$45M+9.8%$41M0.0%
Issuances by Product
FABN$750M$798M$350M+34,900%
FHLB$901M+15.5%$780M+247%$225M+6.6%$211M-79.4%$1.03B+102,400%
Fixed rate annuities$184M-48.5%$357M-63.3%$973M-49.0%$1.91B+238%$564M-13.1%
Immediate annuities$1M$0-100%$2M-33.3%$3M+200%$1M0.0%
Indexed annuities$1.64B-11.2%$1.85B+12.9%$1.64B-6.7%$1.76B+20.2%$1.46B-19.6%
Universal life$60M-1.6%$61M+7.0%$57M0.0%$57M+5.6%$54M+5.9%
Reinsurance recoverable, gross of allowance by Product
Block of traditional, IUL and UL$1.03B-0.6%$1.03B-0.7%$1.04B-1.0%$1.05B-1.7%$1.07B+0.1%
Certain FIA and certain MYGA$1.74B$0
Certain MYGA and deferred annuities$5.61B+10.6%$5.07B+12.6%$4.5B+11.8%$4.03B+21.5%$3.32B+17.5%
Certain MYGA$8.52B-0.8%$8.59B-0.7%$8.65B+3.2%$8.38B+4.0%$8.06B+2.8%
Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment by Product
Immediate annuities$28M-3.4%$29M+7.4%$27M-6.9%$29M+3.6%$28M-6.7%
Traditional Life$50M-12.3%$57M-1.7%$58M0.0%$58M+1.8%$57M0.0%
Weighted-average crediting rate by Product
Fixed rate annuities4.8%-0.1pp4.8%+0.1pp4.7%+0.1pp4.6%+0.1pp4.5%+0.1pp
Indexed annuities3%+0.3pp2.7%+0.2pp2.4%+0.1pp2.3%-0.4pp2.7%-0.3pp
Universal life7.1%+0.9pp6.1%+0.1pp6.1%+0.1pp5.9%-0.5pp6.5%+0.3pp
Interest credited by Product
FABN$39M+14.7%$34M+47.8%$23M-8.0%$25M0.0%$25M+25.0%
FHLB$25M-10.7%$28M+21.7%$23M-8.0%$25M-7.4%$27M-3.6%
Fixed rate annuities$222M-2.6%$228M0.0%$228M+6.0%$215M+10.3%$195M+2.1%
Indexed annuities$245M-7.9%$266M+24.9%$213M+41.1%$151M-24.5%$200M-39.9%
Universal life$57M+14.0%$50M+4.2%$48M+23.1%$39M-13.3%$45M-8.2%
VOBA amortization by Product
Fixed rate annuities$1M0.0%$1M0.0%$1M0.0%$1M0.0%$1M0.0%
Immediate annuities$2M+100%$1M-50.0%$2M+100%$1M-50.0%$2M0.0%
Indexed annuities$29M0.0%$29M-6.5%$31M0.0%$31M0.0%$31M-3.1%
Traditional Life$2M-33.3%$3M-40.0%$5M+66.7%$3M0.0%$3M+50.0%
Universal life$1M-50.0%$2M+100%$1M-66.7%$3M+200%$1M-66.7%
Issuances and benefit payments by Product
Fixed rate annuities$0$0$0$0$0
Indexed annuities$45M-81.6%$244M+742%-$38M-15.2%-$33M-26.9%-$26M-114%
Liability for Future Policy Benefit, Expected Future Policy Benefit, Original Discount Rate, before Cash Flow and Reinsurance by Product
Immediate annuities$1.67B-0.4%$1.68B-1.1%$1.7B-0.5%$1.71B-0.8%$1.72B-0.8%
Traditional Life$2.13B-1.9%$2.17B-2.1%$2.21B-2.9%$2.28B-2.1%$2.33B-1.7%
AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax by Product
Immediate annuities$431M+6.9%$403M+2.5%$393M-5.8%$417M-1.2%$422M-3.0%
Traditional Life$334M+7.1%$312M-3.4%$323M-11.5%$365M-7.8%$396M-9.0%
Market Risk Benefit, before Reinsurance and Cumulative Increase (Decrease) from Instrument-Specific Credit Risk Change by Product
Fixed rate annuities$1M0.0%$1M0.0%$1M0.0%$1M0.0%$1M0.0%
Indexed annuities$804M+17.5%$684M+12.7%$607M+20.7%$503M+8.4%$464M+44.1%
Less: reinsured market risk benefits by Product
Fixed rate annuities$0$0$0$0$0
Indexed annuities$225M+15.4%$195M+24.2%$157M+41.4%$111M+29.1%$86M+41.0%
Cash surrender value by Product
Fixed rate annuities$17.78B-1.4%$18.03B-1.3%$18.27B+1.4%$18.01B+7.8%$16.71B+2.7%
Indexed annuities$31.61B+2.2%$30.92B+2.8%$30.07B+2.1%$29.44B+3.4%$28.46B+2.1%
Universal life$2.64B+4.3%$2.53B+4.2%$2.43B+3.7%$2.34B+3.5%$2.27B+4.0%
Contractholder funds by Product
Fixed rate annuities$18.97B-1.5%$19.27B-1.4%$19.53B+1.4%$19.27B+7.7%$17.89B+2.5%
Indexed annuities$4.37B+2.3%$4.28B+1.0%$4.23B-86.6%$31.62B+2.4%$30.88B+671%
Universal life$3.43B+4.2%$3.29B+4.2%$3.16B+3.8%$3.04B+3.7%$2.94B+4.2%
Current discount rate by Product
Immediate annuities5.6%+0.3pp5.3%0.0pp5.3%-0.1pp5.4%0.0pp5.4%-0.1pp
Traditional Life5.1%+0.3pp4.8%-0.2pp5%0.0pp5%-0.2pp5.2%-0.2pp
Policyholder Account Balance, Surrender and Withdrawal by Product
FABN$0$0$0$0$0
FHLB$0$0$0$0$0
Fixed rate annuities$605M-20.9%$765M-9.1%$842M+2.8%$819M+1,288%$59M-80.0%
Indexed annuities$978M-3.4%$1.01B+1.7%$995M-36.7%$1.57B+527%$251M-75.5%
Universal life$33M+6.5%$31M-18.4%$38M-28.3%$53M+563%$8M-69.2%
Market risk benefits liability by Product
Fixed rate annuities$1M0.0%$1M0.0%$1M0.0%$1M0.0%$1M0.0%
Indexed annuities$967M+7.2%$902M+8.8%$829M+16.8%$710M+12.0%$634M+15.7%
Mortality rate by Product
Immediate annuities1.7%-0.7pp2.4%-0.6pp3%0.0pp3%0.0pp3%+0.3pp
Traditional Life1.6%-0.8pp2.4%0.0pp2.4%+0.4pp2%+0.2pp1.8%+0.3pp
Changes in assumptions and other by Product
Fixed rate annuities$0$0$0$0$0
Indexed annuities-$10M$16M+1,700%-$1M-200%$1M
Market Risk Benefit, after Increase (Decrease) from Instrument-Specific Credit Risk by Product
Fixed rate annuities$1M0.0%$1M0.0%$1M0.0%$1M0.0%$1M0.0%
Indexed annuities$884M+8.9%$812M+9.1%$744M+22.4%$608M+14.1%$533M+26.9%
Market risk benefits asset by Product
Fixed rate annuities$0$0-100%$242M+13.6%$213M+13.9%$187M
Indexed annuities$308M+8.1%$285M$0$0$0-100%
Interest accretion rate by Product
Immediate annuities3.2%0.0pp3.2%0.0pp3.2%0.0pp3.2%0.0pp3.2%0.0pp
Traditional Life2.4%0.0pp2.4%0.0pp2.4%0.0pp2.4%0.0pp2.4%0.0pp
Effects of market related movements by Product
Fixed rate annuities$0$0$0$0$0
Indexed annuities-$12M$8M$58M+144%
Actual policyholder behavior different from expected by Product
Fixed rate annuities$0$0$0$0$0
Indexed annuities$53M+1,225%$4M-33.3%$6M-53.8%$13M-40.9%$22M+269%
Lapse rate by Product
Immediate annuities0%0%0%0%0%
Traditional Life0.5%-0.1pp0.6%0.0pp0.6%0.0pp0.6%0.0pp0.6%+0.1pp
Effect of changes in the instrument-specific credit risk by Product
Fixed rate annuities$0$0$0$0$0
Indexed annuities$80M-37.5%$128M-6.6%$137M+30.5%$105M+52.2%$69M-29.6%
% of Total by Geography
East North Central5%+1.0pp4%0.0pp4%+1.0pp3%-1.0pp4%0.0pp
East South Central2%-1.0pp3%0.0pp3%+1.0pp2%-1.0pp3%0.0pp
Middle Atlantic10%-1.0pp11%0.0pp11%0.0pp11%-1.0pp12%-1.0pp
Mountain13%+1.0pp12%-1.0pp13%0.0pp13%-2.0pp15%0.0pp
New England5%-1.0pp6%0.0pp6%0.0pp6%0.0pp6%0.0pp
Pacific20%-2.0pp22%0.0pp22%-2.0pp24%-2.0pp26%0.0pp
South Atlantic35%+1.0pp34%+2.0pp32%-1.0pp33%+7.0pp26%+1.0pp
West North Central5%+3.0pp2%0.0pp2%0.0pp2%0.0pp2%0.0pp
West South Central5%-1.0pp6%-1.0pp7%+1.0pp6%0.0pp6%0.0pp
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss by Geography
East North Central$172M+38.7%$124M-1.6%$126M+27.3%$99M0.0%$99M+1.0%
East South Central$86M0.0%$86M-1.1%$87M+16.0%$75M0.0%$75M0.0%
Middle Atlantic$370M+3.9%$356M-0.6%$358M+2.9%$348M0.0%$348M-1.7%
Mountain$472M+19.2%$396M-5.9%$421M+3.2%$408M-0.2%$409M0.0%
New England$183M0.0%$183M-2.1%$187M+7.5%$174M+6.1%$164M0.0%
Pacific$706M-0.4%$709M-3.1%$732M+0.8%$726M0.0%$726M+2.8%
South Atlantic$1.19B+2.7%$1.16B+5.3%$1.1B+9.0%$1.01B+35.8%$742M+8.6%
West North Central$167M+142%$69M+3.0%$67M+6.3%$63M+1.6%$62M0.0%
West South Central$194M+7.8%$180M-20.4%$226M+22.8%$184M+2.2%$180M+5.3%

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Questions, answered.

How does F&G Annuities & Life break its business down?
F&G Annuities & Life (FG) reports gross premium income by product across 3 parts — Immediate annuities, PRT and Traditional Life. Each is extracted from the segment footnotes and tracked over time.
Where does F&G Annuities & Life's segment data come from?
Segment breakdowns are pulled from the segment footnotes in F&G Annuities & Life's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.