F&G Annuities & Life FG Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Gross premium income by Product | ||||||
| Immediate annuities | $16M-5.9% | $17M-5.6% | $18M0.0% | $18M+12.5% | $16M-11.1% | |
| PRT | $2.12B+0.6% | $2.11B-6.6% | $2.26B+9.9% | $2.05B+5.6% | $1.94B-12.3% | |
| Traditional Life | $96M-3.0% | $99M-2.9% | $102M-1.9% | $104M-4.6% | $109M-1.8% | |
| Premiums Earned, Net by Product | ||||||
| Life Insurance Product Line | $2.15B+0.6% | $2.14B-6.6% | $2.29B+9.8% | $2.09B+5.5% | $1.98B-12.2% | |
| Premiums received by Product | ||||||
| FABN | $0— | $0— | $0— | $0— | $0— | |
| FHLB | $0— | $0— | $0— | $0— | $0— | |
| Fixed rate annuities | $0— | $0— | $0-100% | $1M0.0% | $1M0.0% | |
| Universal life | $615M+3.7% | $593M+3.9% | $571M+4.0% | $549M+5.2% | $522M+5.5% | |
| Net liability, after reinsurance by Product | ||||||
| FABN | $13.59B+10.1% | $12.34B+7.6% | $11.47B+8.2% | $10.61B-3.5% | $10.99B+2.1% | |
| FHLB | $10.72B-1.8% | $10.92B+0.4% | $10.88B-1.6% | $11.06B-3.6% | $11.46B+3.3% | |
| Fixed rate annuities | $25.83B+1.0% | $25.57B-0.1% | $25.59B+0.4% | $25.48B+2.5% | $24.86B0.0% | |
| Indexed annuities | $119.03B-1.2% | $120.45B+0.6% | $119.7B+0.5% | $119.09B+1.0% | $117.9B+1.2% | |
| Universal life | $9.81B+5.7% | $9.28B+5.7% | $8.78B+5.5% | $8.32B+5.8% | $7.86B+5.5% | |
| Gross liability, end of period by Product | ||||||
| FABN | $13.59B+10.1% | $12.34B+7.6% | $11.47B+8.2% | $10.61B-3.5% | $10.99B+2.1% | |
| FHLB | $10.72B-1.8% | $10.92B+0.4% | $10.88B-1.6% | $11.06B-3.6% | $11.46B+3.3% | |
| Fixed rate annuities | $77.04B+1.4% | $75.95B+2.5% | $74.13B+3.6% | $71.58B+5.5% | $67.85B+5.3% | |
| Immediate annuities | $1.07B-2.2% | $1.09B-2.2% | $1.12B-1.9% | $1.14B-1.8% | $1.16B-1.8% | |
| Indexed annuities | $132.01B+2.3% | $129.01B+2.5% | $125.92B+2.2% | $123.27B+2.4% | $120.42B+2.2% | |
| PRT | $24M0.0% | $24M0.0% | $24M+4.3% | $23M+4.5% | $22M+4.8% | |
| Traditional Life | $18M-5.3% | $19M-5.0% | $20M0.0% | $20M0.0% | $20M0.0% | |
| Universal life | $13.34B+4.2% | $12.8B+4.2% | $12.29B+3.9% | $11.82B+3.9% | $11.38B+3.5% | |
| Present Value of Future Insurance Profits, Net by Product | ||||||
| Fixed rate annuities | $74M-5.1% | $78M-4.9% | $82M-4.7% | $86M-4.4% | $90M-5.3% | |
| Immediate annuities | $714M-0.8% | $720M-0.8% | $726M-1.0% | $733M-0.8% | $739M-0.9% | |
| Indexed annuities | $3.14B-3.7% | $3.26B-3.6% | $3.38B-3.6% | $3.51B-3.5% | $3.64B-3.5% | |
| Traditional Life | $453M-2.8% | $466M-2.9% | $480M-2.6% | $493M-2.0% | $503M+12.0% | |
| Universal life | $480M-1.4% | $487M-1.4% | $494M-1.6% | $502M-1.6% | $510M-1.4% | |
| Expected future gross premiums by Product | ||||||
| Immediate annuities | $0— | $0— | $0— | $0— | $0— | |
| PRT | $0— | $0— | $0— | $0— | $0— | |
| Traditional Life | $2.54B-2.7% | $2.61B-1.9% | $2.66B-2.8% | $2.74B-2.3% | $2.8B-2.8% | |
| Liability for Future Policy Benefit, after Reinsurance by Product | ||||||
| Immediate annuities | $4.68B-1.1% | $4.73B-0.4% | $4.75B-1.7% | $4.83B-0.7% | $4.87B-1.4% | |
| Traditional Life | $3.11B-1.6% | $3.16B-0.3% | $3.17B-1.7% | $3.23B-0.8% | $3.25B-1.5% | |
| Interest Expense by Product | ||||||
| Immediate annuities | $53M-1.9% | $54M+1.9% | $53M-5.4% | $56M-5.1% | $59M0.0% | |
| PRT | $356M+7.6% | $331M+6.8% | $310M+8.8% | $285M+7.5% | $265M+10.4% | |
| Traditional Life | $35M0.0% | $35M-2.8% | $36M-2.7% | $37M+2.8% | $36M-2.7% | |
| Other by Product | ||||||
| FHLB | $0— | $0— | $0+100% | -$2M0.0% | -$2M0.0% | |
| Fixed rate annuities | $0+100% | -$1M0.0% | -$1M-150% | $2M+300% | -$1M— | |
| Indexed annuities | $0-100% | $5M— | —— | —— | —— | |
| Universal life | $0— | $0— | $0— | $0— | $0— | |
| Net amount at risk by Product | ||||||
| Fixed rate annuities | $8M0.0% | $8M0.0% | $8M0.0% | $8M0.0% | $8M0.0% | |
| Indexed annuities | $7.34B+8.3% | $6.78B+9.2% | $6.21B+6.2% | $5.84B+7.8% | $5.42B+8.6% | |
| Universal life | $161.31B-22.3% | $207.6B-17.7% | $252.29B-14.1% | $293.67B+1.7% | $288.88B+4.3% | |
| Balance, end of period, net of reinsurance by Product | ||||||
| Fixed rate annuities | $4M0.0% | $4M0.0% | $4M0.0% | $4M— | —— | |
| Indexed annuities | $2.36B+9.9% | $2.15B+13.7% | $1.89B— | —— | —— | |
| Ceded Premiums Earned by Product | ||||||
| Life Insurance Product Line | $83M-2.4% | $85M-2.3% | $87M-2.2% | $89M-3.3% | $92M-2.1% | |
| Interest accrual by Product | ||||||
| Traditional Life | $49M-2.0% | $50M-2.0% | $51M-3.8% | $53M0.0% | $53M-1.9% | |
| Attributed fees collected and interest accrual by Product | ||||||
| Fixed rate annuities | $0— | $0— | $0— | $0— | $0— | |
| Indexed annuities | $165M+5.8% | $156M+0.6% | $155M+2.6% | $151M+3.4% | $146M-0.7% | |
| Expected future benefit payments by Product | ||||||
| Immediate annuities | $5.11B-1.1% | $5.17B-0.4% | $5.19B-1.7% | $5.28B-0.6% | $5.31B-1.4% | |
| PRT | $30.43B+6.4% | $28.61B+7.8% | $26.55B+7.7% | $24.66B+6.9% | $23.07B+6.8% | |
| Traditional Life | $7.46B-1.9% | $7.61B-1.2% | $7.7B-2.3% | $7.88B-1.3% | $7.98B-0.9% | |
| 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— | |
| Universal life | $391M+3.4% | $378M+4.4% | $362M+4.3% | $347M+4.8% | $331M+5.1% | |
| Future policy benefits by Product | ||||||
| Immediate annuities | $5.11B-1.1% | $5.17B-0.4% | $5.19B-1.7% | $5.28B-0.7% | $5.31B-1.4% | |
| PRT | $30.43B+6.4% | $28.61B+7.8% | $26.55B+8.0% | $24.58B+8.4% | $22.68B+8.1% | |
| Traditional Life | $5.1B-1.5% | $5.17B-0.6% | $5.21B-1.8% | $5.3B-0.7% | $5.34B-0.1% | |
| Policyholder Account Balance, Benefit Payment by Product | ||||||
| FABN | $413M+4.6% | $395M+0.8% | $392M-53.1% | $835M+2.3% | $816M-0.5% | |
| FHLB | $2.42B+5.2% | $2.3B+31.7% | $1.75B-20.9% | $2.21B-3.3% | $2.28B+42.0% | |
| Less: Reinsurance recoverable by Product | ||||||
| Immediate annuities | $428M-1.2% | $433M-0.7% | $436M-1.4% | $442M-0.5% | $444M-0.9% | |
| Traditional Life | $1.98B-1.3% | $2.01B-1.2% | $2.03B-1.9% | $2.07B-0.7% | $2.09B+2.1% | |
| Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change by Product | ||||||
| Immediate annuities | $5.11B-1.1% | $5.17B-0.4% | $5.19B-1.7% | $5.28B-0.7% | $5.31B-1.4% | |
| Traditional Life | $7.45B-1.8% | $7.59B-1.0% | $7.67B-2.1% | $7.84B-1.2% | $7.93B-0.9% | |
| Change in fair value of other derivatives and embedded derivatives by Product | ||||||
| FABN | $8.25M-25.0% | $11M+33.3% | $8.25M+50.0% | $5.5M+100% | $2.75M— | |
| FHLB | $0— | $0— | $0— | $0— | $0— | |
| Fixed rate annuities | $3.5M+75.0% | $2M+33.3% | $1.5M+50.0% | $1M+100% | $500K— | |
| Indexed annuities | $193.75M-39.6% | $321M— | —— | —— | —— | |
| Universal life | $178.25M+55.0% | $115M— | —— | —— | —— | |
| Capitalization by Product | ||||||
| Indexed annuities | $334M+0.6% | $332M-3.2% | $343M-3.9% | $357M+6.3% | $336M+5.3% | |
| Universal life | $186M+4.5% | $178M+3.5% | $172M+4.2% | $165M+5.1% | $157M+4.0% | |
| Issuances by Product | ||||||
| FHLB | $2.12B-5.5% | $2.24B+53.3% | $1.46B-13.4% | $1.69B-33.1% | $2.52B+39.9% | |
| Fixed rate annuities | $3.42B-10.0% | $3.8B-7.1% | $4.09B-14.6% | $4.79B+10.2% | $4.35B-15.2% | |
| Immediate annuities | $6M0.0% | $6M-14.3% | $7M+40.0% | $5M+66.7% | $3M0.0% | |
| Indexed annuities | $6.9B+2.7% | $6.71B+0.5% | $6.68B-1.9% | $6.81B+1.2% | $6.73B+1.2% | |
| Universal life | $235M+2.6% | $229M+4.6% | $219M+1.9% | $215M+1.9% | $211M+1.4% | |
| Reinsurance recoverable, gross of allowance by Product | ||||||
| Block of traditional, IUL and UL | $4.15B-1.0% | $4.19B-0.8% | $4.22B-0.8% | $4.26B-0.5% | $4.28B-0.4% | |
| Certain MYGA and deferred annuities | $19.21B+13.5% | $16.92B+15.3% | $14.67B+18.8% | $12.35B— | —— | |
| Certain MYGA | $34.14B+1.4% | $33.68B+2.3% | $32.93B+3.5% | $31.83B+5.1% | $30.29B+5.5% | |
| Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment by Product | ||||||
| Immediate annuities | $113M0.0% | $113M-0.9% | $114M-1.7% | $116M-0.9% | $117M-0.8% | |
| Traditional Life | $223M-3.0% | $230M0.0% | $230M+0.4% | $229M+0.4% | $228M+2.7% | |
| Weighted-average crediting rate by Product | ||||||
| Fixed rate annuities | 18.9%+0.2pp | 18.6%+0.4pp | 18.2%+0.5pp | 17.8%-4.0pp | 21.8%+0.4pp | |
| Indexed annuities | 10.4%+0.3pp | 10%-0.3pp | 10.3%+0.1pp | 10.2%-1.9pp | 12.1%+0.6pp | |
| Universal life | 25.2%+0.6pp | 24.6%-0.1pp | 24.6%+0.2pp | 24.4%-5.4pp | 29.8%+0.9pp | |
| Interest credited by Product | ||||||
| FABN | $121M+13.1% | $107M+15.1% | $93M+1.1% | $92M+12.2% | $82M+15.5% | |
| FHLB | $101M-1.9% | $103M0.0% | $103M-8.0% | $112M-6.7% | $120M+2.6% | |
| Fixed rate annuities | $893M+3.1% | $866M+4.5% | $829M+6.3% | $780M+8.3% | $720M+7.9% | |
| Indexed annuities | $875M+5.4% | $830M-7.5% | $897M+1.6% | $883M+0.1% | $882M+7.4% | |
| Universal life | $194M+6.6% | $182M+0.6% | $181M+4.0% | $174M+3.0% | $169M+7.6% | |
| VOBA amortization by Product | ||||||
| Fixed rate annuities | $4M0.0% | $4M0.0% | $4M0.0% | $4M-20.0% | $5M0.0% | |
| Immediate annuities | $6M0.0% | $6M-14.3% | $7M+16.7% | $6M-14.3% | $7M0.0% | |
| Indexed annuities | $120M-1.6% | $122M-2.4% | $125M-3.1% | $129M-1.5% | $131M-1.5% | |
| Traditional Life | $13M-7.1% | $14M+7.7% | $13M+30.0% | $10M+11.1% | $9M+28.6% | |
| Universal life | $7M0.0% | $7M-12.5% | $8M0.0% | $8M+14.3% | $7M-12.5% | |
| Issuances and benefit payments by Product | ||||||
| Fixed rate annuities | $0— | $0— | $0— | $0— | $0— | |
| Indexed annuities | $218M+48.3% | $147M+63.3% | $90M+13.9% | $79M-16.8% | $95M-12.8% | |
| Liability for Future Policy Benefit, Expected Future Policy Benefit, Original Discount Rate, before Cash Flow and Reinsurance by Product | ||||||
| Immediate annuities | $6.76B-0.7% | $6.8B-0.8% | $6.85B-0.7% | $6.9B-0.7% | $6.95B-0.8% | |
| Traditional Life | $8.79B-2.2% | $8.99B-2.2% | $9.19B-2.2% | $9.39B-2.0% | $9.58B-1.2% | |
| AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax by Product | ||||||
| Immediate annuities | $1.64B+0.6% | $1.64B-1.9% | $1.67B+2.4% | $1.63B-0.9% | $1.64B+1.1% | |
| Traditional Life | $1.33B-4.4% | $1.4B-8.1% | $1.52B-2.3% | $1.55B-5.8% | $1.65B-2.5% | |
| Market Risk Benefit, before Reinsurance and Cumulative Increase (Decrease) from Instrument-Specific Credit Risk Change by Product | ||||||
| Fixed rate annuities | $4M0.0% | $4M0.0% | $4M0.0% | $4M0.0% | $4M0.0% | |
| Indexed annuities | $2.6B+15.1% | $2.26B+19.1% | $1.9B+12.3% | $1.69B+15.6% | $1.46B+19.5% | |
| Less: reinsured market risk benefits by Product | ||||||
| Fixed rate annuities | $0— | $0— | $0— | $0— | —— | |
| Indexed annuities | $688M+25.3% | $549M+32.3% | $415M— | —— | —— | |
| Cash surrender value by Product | ||||||
| Fixed rate annuities | $72.09B+1.5% | $71.02B+2.6% | $69.25B+3.7% | $66.8B+5.6% | $63.27B+5.3% | |
| Indexed annuities | $122.03B+2.6% | $118.89B+2.6% | $115.83B+2.7% | $112.75B+2.8% | $109.69B+2.6% | |
| Universal life | $9.95B+3.9% | $9.57B+3.9% | $9.22B+3.9% | $8.87B+3.9% | $8.54B+4.0% | |
| Contractholder funds by Product | ||||||
| Fixed rate annuities | $77.04B+1.4% | $75.95B+2.5% | $74.13B+3.6% | $71.58B+5.5% | $67.85B+5.3% | |
| Indexed annuities | $44.5B-37.3% | $71.01B+0.4% | $70.74B-26.1% | $95.76B+3.3% | $92.71B+3.4% | |
| Universal life | $12.93B+4.0% | $12.43B+4.0% | $11.96B+4.0% | $11.49B+4.1% | $11.04B+4.2% | |
| Current discount rate by Product | ||||||
| Immediate annuities | 21.6%+0.2pp | 21.3%-0.2pp | 21.5%+0.4pp | 21.1%0.0pp | 21.1%+0.2pp | |
| Traditional Life | 19.9%-0.1pp | 20%-0.7pp | 20.7%+0.1pp | 20.6%-0.4pp | 21%+0.6pp | |
| Policyholder Account Balance, Surrender and Withdrawal by Product | ||||||
| FABN | $0— | $0— | $0— | $0— | $0— | |
| FHLB | $0— | $0— | $0— | $0— | $0— | |
| Fixed rate annuities | $3.03B+22.0% | $2.49B+23.3% | $2.02B+32.9% | $1.52B+29.1% | $1.17B-20.6% | |
| Indexed annuities | $4.56B+19.0% | $3.83B-0.3% | $3.84B-3.9% | $4B+17.9% | $3.39B-11.5% | |
| Universal life | $155M+19.2% | $130M+4.0% | $125M+9.6% | $114M+31.0% | $87M-13.9% | |
| Market risk benefits liability by Product | ||||||
| Fixed rate annuities | $4M0.0% | $4M0.0% | $4M0.0% | $4M0.0% | $4M0.0% | |
| Indexed annuities | $3.41B+10.8% | $3.08B+13.0% | $2.72B+9.1% | $2.49B+11.2% | $2.24B+10.3% | |
| Mortality rate by Product | ||||||
| Immediate annuities | 10.1%-1.3pp | 11.4%-0.3pp | 11.7%+0.3pp | 11.4%-0.5pp | 11.9%-0.2pp | |
| Traditional Life | 8.4%-0.2pp | 8.6%+0.9pp | 7.7%+0.9pp | 6.8%+0.6pp | 6.2%+0.4pp | |
| Changes in assumptions and other by Product | ||||||
| Fixed rate annuities | $0— | $0— | $0— | $0— | $0— | |
| Market Risk Benefit, after Increase (Decrease) from Instrument-Specific Credit Risk by Product | ||||||
| Fixed rate annuities | $4M0.0% | $4M0.0% | $4M0.0% | $4M0.0% | $4M0.0% | |
| Indexed annuities | $3.05B+13.0% | $2.7B+17.0% | $2.31B+11.2% | $2.07B+13.9% | $1.82B+12.6% | |
| Market risk benefits asset by Product | ||||||
| Fixed rate annuities | $455M-29.1% | $642M0.0% | $642M+20.2% | $534M+66.4% | $321M+140% | |
| Indexed annuities | $593M+108% | $285M+50.8% | $189M0.0% | $189M-35.3% | $292M-24.5% | |
| Interest accretion rate by Product | ||||||
| Immediate annuities | 12.8%0.0pp | 12.8%0.0pp | 12.8%0.0pp | 12.7%0.0pp | 12.7%0.0pp | |
| Traditional Life | 9.4%0.0pp | 9.4%0.0pp | 9.4%0.0pp | 9.4%+0.3pp | 9.1%+0.6pp | |
| Effects of market related movements by Product | ||||||
| Fixed rate annuities | $0— | $0— | $0— | $0— | $0— | |
| Actual policyholder behavior different from expected by Product | ||||||
| Fixed rate annuities | $0— | $0— | $0— | $0— | $0— | |
| Indexed annuities | $76M+68.9% | $45M+60.7% | $28M+155% | $11M+22.2% | $9M+280% | |
| Lapse rate by Product | ||||||
| Immediate annuities | 0%— | 0%— | 0%— | 0%— | 0%— | |
| Traditional Life | 2.3%-0.1pp | 2.4%+0.1pp | 2.3%+0.1pp | 2.2%+0.2pp | 2%+0.2pp | |
| Effect of changes in the instrument-specific credit risk by Product | ||||||
| Fixed rate annuities | $0— | $0— | $0— | $0— | $0— | |
| Indexed annuities | $450M+2.5% | $439M+7.3% | $409M+6.5% | $384M+7.0% | $359M-8.7% | |
| % of Total by Geography | ||||||
| East North Central | 16%+1.0pp | 15%0.0pp | 15%0.0pp | 15%-1.0pp | 16%0.0pp | |
| East South Central | 10%-1.0pp | 11%0.0pp | 11%0.0pp | 11%-1.0pp | 12%0.0pp | |
| Middle Atlantic | 43%-2.0pp | 45%-2.0pp | 47%-3.0pp | 50%-3.0pp | 53%-2.0pp | |
| Mountain | 51%-2.0pp | 53%-3.0pp | 56%-3.0pp | 59%-2.0pp | 61%0.0pp | |
| New England | 23%-1.0pp | 24%0.0pp | 24%0.0pp | 24%+3.0pp | 21%+3.0pp | |
| Pacific | 88%-6.0pp | 94%-4.0pp | 98%-5.0pp | 103%-6.0pp | 109%-4.0pp | |
| South Atlantic | 134%+9.0pp | 125%+9.0pp | 116%+9.0pp | 107%+9.0pp | 98%+2.0pp | |
| West North Central | 11%+3.0pp | 8%0.0pp | 8%+1.0pp | 7%+1.0pp | 6%+1.0pp | |
| West South Central | 24%-1.0pp | 25%0.0pp | 25%+1.0pp | 24%0.0pp | 24%0.0pp | |
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss by Geography | ||||||
| East North Central | $521M+16.3% | $448M+6.2% | $422M+7.1% | $394M+0.3% | $393M-1.3% | |
| East South Central | $334M+3.4% | $323M+3.5% | $312M+4.0% | $300M0.0% | $300M0.0% | |
| Middle Atlantic | $1.43B+1.6% | $1.41B+0.1% | $1.41B+0.3% | $1.4B-0.4% | $1.41B-0.4% | |
| Mountain | $1.7B+3.9% | $1.63B-0.8% | $1.65B+0.7% | $1.64B+0.1% | $1.63B+1.4% | |
| New England | $727M+2.7% | $708M+2.8% | $689M+3.5% | $666M+14.0% | $584M+14.1% | |
| Pacific | $2.87B-0.7% | $2.89B+0.1% | $2.89B+0.7% | $2.87B-1.2% | $2.91B-1.3% | |
| South Atlantic | $4.45B+11.1% | $4.01B+13.4% | $3.53B+16.6% | $3.03B+14.9% | $2.64B+4.9% | |
| West North Central | $366M+40.2% | $261M+2.8% | $254M+21.5% | $209M+24.4% | $168M+32.3% | |
| West South Central | $784M+1.8% | $770M+1.2% | $761M+9.5% | $695M+5.1% | $661M+5.1% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.