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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-16.7%$1M-50.0%$4M0.0%$6M+50.0%$6M-25.0%
PRT$324M+4.2%$828M-15.3%$536M+61.4%$432M+33.3%$311M-46.7%
Traditional Life$23M-11.5%$24M-11.1%$25M-7.4%$24M-17.2%$26M-7.1%
Premiums Earned, Net by Product
Life Insurance Product Line$333M+3.7%$832M-15.4%$544M+60.0%$441M+32.4%$321M-46.1%
Premiums received by Product
FABN$0$0$0$0$0
FHLB$0$0$0$0$0
Fixed rate annuities$0$0$0-100%$0$0
Indexed annuities$8M-98.7%$696M+2,478%$749M+2,397%$617M+2,104%
Universal life$163M+15.6%$156M+16.4%$150M+17.2%$146M+22.7%$141M+23.7%
Direct by Product
Life Insurance Product Line$534M-7.5%$1.24B+9.8%$1.06B+60.4%$577M-52.4%
Traditional Life Insurance Premiums$170M-5.6%$180M-81.9%
Net liability, after reinsurance by Product
FABN$4.08B+44.0%$3.34B+35.4%$3.34B+35.0%$2.84B-11.8%$2.84B+8.6%
FHLB$2.7B-6.9%$2.9B+1.6%$2.67B-6.3%$2.45B-14.3%$2.9B+14.3%
Fixed rate annuities$6.14B+4.5%$6.4B-0.5%$6.62B+1.8%$6.66B+10.2%$5.88B+0.1%
Indexed annuities$28.27B-4.8%$30.35B+2.6%$30.24B+2.1%$30.17B+4.1%$29.69B+4.9%
Universal life$2.64B+25.2%$2.52B+24.8%$2.39B+23.8%$2.25B+25.2%$2.11B+24.0%
Gross liability, end of period by Product
FABN$4.08B+44.0%$3.34B+35.4%$3.34B+35.0%$2.84B-11.8%$2.84B+8.6%
FHLB$2.7B-6.9%$2.9B+1.6%$2.67B-6.3%$2.45B-14.3%$2.9B+14.3%
Fixed rate annuities$18.98B+6.1%$19.27B+10.5%$19.53B+15.0%$19.27B+24.0%$17.89B+23.5%
Immediate annuities$259M-8.5%$262M-8.4%$270M-7.5%$277M-7.0%$283M-6.9%
Indexed annuities$33.92B+9.7%$33.55B+10.2%$32.7B+8.8%$31.84B+9.8%$30.93B+9.2%
PRT$6M0.0%$6M0.0%$6M+20.0%$6M+20.0%$6M+20.0%
Traditional Life$4M-20.0%$4M-20.0%$5M0.0%$5M0.0%$5M0.0%
Universal life$3.52B+18.1%$3.41B+17.6%$3.28B+16.4%$3.13B+16.4%$2.98B+14.9%
Present Value of Future Insurance Profits, Net by Product
Fixed rate annuities$17M-19.0%$18M-18.2%$19M-17.4%$20M-16.7%$21M-19.2%
Immediate annuities$176M-3.3%$178M-3.3%$179M-3.8%$181M-3.2%$182M-3.7%
Indexed annuities$741M-13.9%$770M-13.7%$799M-13.5%$830M-13.5%$861M-13.2%
Traditional Life$109M-10.7%$111M-11.2%$114M-10.2%$119M-7.8%$122M+79.4%
Universal life$118M-5.6%$119M-5.6%$121M-6.2%$122M-6.2%$125M-5.3%
Expected future gross premiums by Product
Immediate annuities$0$0$0$0$0
PRT$0$0$0$0$0
Traditional Life$601M-10.4%$630M-7.5%$650M-10.7%$658M-9.0%$671M-10.7%
Liability for Future Policy Benefit, after Reinsurance by Product
Immediate annuities$1.14B-4.2%$1.17B-1.5%$1.2B-6.5%$1.18B-2.8%$1.19B-5.6%
Traditional Life$735M-6.4%$781M-1.0%$804M-6.5%$794M-3.1%$785M-6.0%
Interest Expense by Product
Immediate annuities$13M-7.1%$14M+7.7%$13M-18.8%$13M-18.8%$14M0.0%
PRT$99M+33.8%$93M+29.2%$84M+42.4%$80M+33.3%$74M+51.0%
Traditional Life$9M0.0%$8M-11.1%$9M-10.0%$9M+12.5%$9M-10.0%
Other by Product
FABN$0$3M$0+100%$0
FHLB$0$0$0+100%$0$0
Fixed rate annuities$0+100%$0-$1M-150%$1M+150%-$1M
Indexed annuities-$4M-500%$0$3M0.0%$1M$1M-80.0%
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+37.1%$1.9B+43.2%$1.75B+26.2%$1.61B+35.7%$1.52B+39.2%
Universal life$29.65B-61.0%$29.58B-60.2%$29.48B-58.4%$72.6B+7.1%$75.93B+18.7%
Balance, end of period, net of reinsurance by Product
Fixed rate annuities$1M0.0%$1M0.0%$1M0.0%$1M$1M
Indexed annuities$659M+47.4%$617M+71.9%$587M$497M$447M
Ceded Premiums Earned by Product
Life Insurance Product Line$20M-9.1%$21M-8.7%$21M-8.7%$21M-12.5%$22M-8.3%
Interest accrual by Product
Immediate annuities$0$1M0.0%$0
Traditional Life$12M-7.7%$12M-7.7%$12M-14.3%$13M0.0%$13M-7.1%
Attributed fees collected and interest accrual by Product
Fixed rate annuities$0$0$0$0$0
Indexed annuities$44M+25.7%$45M+2.3%$36M+12.5%$40M+14.3%$35M-2.8%
Expected future benefit payments by Product
Immediate annuities$1.24B-4.2%$1.28B-1.6%$1.3B-6.3%$1.29B-2.4%$1.3B-5.4%
PRT$8.18B+28.6%$8.11B+34.0%$7.36B+34.6%$6.77B+30.7%$6.36B+29.8%
Traditional Life$1.79B-7.4%$1.86B-4.7%$1.89B-8.7%$1.92B-5.0%$1.94B-3.7%
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-91.4%$742M+1,549%$795M+1,522%$660M+1,335%
Universal life$103M+14.4%$100M+19.0%$95M+18.8%$93M+20.8%$90M+21.6%
Future policy benefits by Product
Immediate annuities$1.24B-4.2%$1.28B-1.6%$1.3B-6.4%$1.29B-2.7%$1.3B-5.5%
PRT$8.18B+28.6%$8.11B+34.0%$7.36B+36.5%$6.77B+39.1%$6.36B+36.6%
Traditional Life$1.23B-5.9%$1.27B-2.5%$1.29B-6.9%$1.3B-3.0%$1.31B-0.6%
Policyholder Account Balance, Benefit Payment by Product
FABN$30M+150%$32M+10.3%$322M-57.9%$29M+190%$12M-25.0%
FHLB$1.12B+11.9%$583M+1,843%$24M-95.0%$688M-9.8%$1B+205%
Fixed rate annuities$93M-63.7%$86M+4.9%$97M+31.1%$256M+237%
Indexed annuities$115M-84.2%$131M+3.1%$131M+12.9%$726M+510%
Universal life$5M-79.2%$3M-40.0%$7M+75.0%$24M+380%
Less: Reinsurance recoverable by Product
Immediate annuities$104M-4.6%$106M-2.8%$109M-5.2%$109M-1.8%$109M-3.5%
Traditional Life$498M-5.1%$489M-4.7%$486M-7.4%$509M-2.9%$525M+8.7%
Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change by Product
Immediate annuities$1.24B-4.2%$1.28B-1.6%$1.3B-6.4%$1.29B-2.7%$1.3B-5.5%
Traditional Life$1.79B-7.2%$1.86B-4.0%$1.89B-8.1%$1.91B-4.7%$1.93B-3.7%
Policyholder Account Balance Including Customers With No Guaranteed Credit Rating by Product
FABN$4.08B$3.32B+35.0%$3.32B
FHLB$2.7B$2.9B+1.6%$2.67B
Fixed rate annuities$18.97B$19.27B+10.5%$19.53B
Indexed annuities$33.97B$33.23B+9.9%$32.31B
Universal life$3.43B$3.29B+16.9%$3.16B
Change in fair value of other derivatives and embedded derivatives by Product
FABN$0-100%$2.75M$2.75M$2.75M$2.75M
FHLB$0$0$0$0$0
Fixed rate annuities$2M+300%$500K$500K$500K$500K
Indexed annuities-$47M-159%$80.25M$80.25M-78.1%$80.25M$80.25M-82.9%
Universal life$92M+220%$28.75M$28.75M+51.3%$28.75M$28.75M-73.1%
Capitalization by Product
Indexed annuities$73M+2.8%$89M-11.0%$85M-14.1%$87M+31.8%$71M+31.5%
Universal life$49M+19.5%$47M+14.6%$45M+18.4%$45M+21.6%$41M+17.1%
Issuances by Product
FABN$750M+114%$798M$350M
FHLB$901M-12.1%$780M+77,900%$225M-50.1%$211M-79.8%$1.03B+236%
Fixed rate annuities$184M-67.4%$357M-45.0%$973M-41.8%$1.91B+30.3%$564M-57.9%
Immediate annuities$1M0.0%$0-100%$2M$3M+200%$1M0.0%
Indexed annuities$1.64B+12.4%$1.85B+1.8%$1.64B-7.2%$1.76B+4.7%$1.46B+5.9%
Universal life$60M+11.1%$61M+19.6%$57M+7.5%$57M+7.5%$54M+5.9%
Reinsurance recoverable, gross of allowance by Product
Block of traditional, IUL and UL$1.03B-3.8%$1.03B-3.2%$1.04B-3.2%$1.05B-1.9%$1.07B-1.7%
Certain FIA and certain MYGA$1.74B$0
Certain MYGA and deferred annuities$5.61B+69.1%$5.07B+79.7%$4.5B+106%$4.03B$3.32B
Certain MYGA$8.52B+5.7%$8.59B+9.5%$8.65B+14.7%$8.38B+22.4%$8.06B+24.2%
Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment by Product
Immediate annuities$28M0.0%$29M-3.3%$27M-6.9%$29M-3.3%$28M-3.4%
Traditional Life$50M-12.3%$57M0.0%$58M+1.8%$58M+1.8%$57M+11.8%
Weighted-average crediting rate by Product
Fixed rate annuities4.8%+0.2pp4.8%+0.4pp4.7%+0.5pp4.6%-4.0pp4.5%+0.4pp
Indexed annuities3%+0.3pp2.7%-0.3pp2.4%+0.1pp2.3%-1.9pp2.7%+0.6pp
Universal life7.1%+0.6pp6.1%-0.1pp6.1%+0.2pp5.9%-5.4pp6.5%+0.9pp
Interest credited by Product
FABN$39M+56.0%$34M+70.0%$23M+4.5%$25M+66.7%$25M+78.6%
FHLB$25M-7.4%$28M0.0%$23M-28.1%$25M-24.2%$27M+12.5%
Fixed rate annuities$222M+13.8%$228M+19.4%$228M+27.4%$215M+38.7%$195M+37.3%
Indexed annuities$245M+22.5%$266M-20.1%$213M+7.0%$151M+0.7%$200M+43.9%
Universal life$57M+26.7%$50M+2.0%$48M+17.1%$39M+14.7%$45M+36.4%
VOBA amortization by Product
Fixed rate annuities$1M0.0%$1M0.0%$1M0.0%$1M-50.0%$1M0.0%
Immediate annuities$2M0.0%$1M-50.0%$2M+100%$1M-50.0%$2M0.0%
Indexed annuities$29M-6.5%$29M-9.4%$31M-11.4%$31M-6.1%$31M-6.1%
Traditional Life$2M-33.3%$3M+50.0%$5M+150%$3M+50.0%$3M+200%
Universal life$1M0.0%$2M-33.3%$1M0.0%$3M+50.0%$1M-50.0%
Issuances and benefit payments by Product
Fixed rate annuities$0$0$0$0$0
Indexed annuities$45M+273%$244M+30.5%-$38M+22.4%-$33M-94.1%-$26M-117%
Liability for Future Policy Benefit, Expected Future Policy Benefit, Original Discount Rate, before Cash Flow and Reinsurance by Product
Immediate annuities$1.67B-2.7%$1.68B-3.1%$1.7B-2.9%$1.71B-2.8%$1.72B-3.2%
Traditional Life$2.13B-8.7%$2.17B-8.5%$2.21B-8.4%$2.28B-7.7%$2.33B-4.8%
AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax by Product
Immediate annuities$431M+2.1%$403M-7.4%$393M+11.0%$417M-3.2%$422M+4.5%
Traditional Life$334M-15.7%$312M-28.3%$323M-9.8%$365M-20.7%$396M-9.8%
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+73.3%$684M+112%$607M+52.1%$503M+82.9%$464M+105%
Less: reinsured market risk benefits by Product
Fixed rate annuities$0$0$0$0$0
Indexed annuities$225M+162%$195M+220%$157M$111M$86M
Cash surrender value by Product
Fixed rate annuities$17.78B+6.4%$18.03B+10.9%$18.27B+15.5%$18.01B+24.4%$16.71B+23.8%
Indexed annuities$31.61B+11.0%$30.92B+11.0%$30.07B+11.4%$29.44B+11.6%$28.46B+10.6%
Universal life$2.64B+16.6%$2.53B+16.4%$2.43B+16.4%$2.34B+16.7%$2.27B+16.9%
Contractholder funds by Product
Fixed rate annuities$18.97B+6.1%$19.27B+10.5%$19.53B+15.0%$19.27B+24.0%$17.89B+23.5%
Indexed annuities$4.37B-85.8%$4.28B+6.8%$4.23B-85.5%$31.62B+10.7%$30.88B+10.8%
Universal life$3.43B+16.9%$3.29B+16.9%$3.16B+17.1%$3.04B+17.7%$2.94B+18.0%
Current discount rate by Product
Immediate annuities5.6%+0.2pp5.3%-0.2pp5.3%+0.4pp5.4%0.0pp5.4%+0.2pp
Traditional Life5.1%-0.1pp4.8%-0.7pp5%+0.1pp5%-0.4pp5.2%+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$605M+925%$765M+159%$842M+145%$819M+71.7%$59M-83.8%
Indexed annuities$978M+290%$1.01B-1.3%$995M-13.6%$1.57B+62.8%$251M-63.6%
Universal life$33M+313%$31M+19.2%$38M+40.7%$53M+104%$8M-63.6%
Market risk benefits liability by Product
Fixed rate annuities$1M0.0%$1M0.0%$1M0.0%$1M0.0%$1M0.0%
Indexed annuities$967M+52.5%$902M+64.6%$829M+37.7%$710M+55.0%$634M+49.5%
Mortality rate by Product
Immediate annuities1.7%-1.3pp2.4%-0.3pp3%+0.3pp3%-0.5pp3%-0.2pp
Traditional Life1.6%-0.2pp2.4%+0.9pp2.4%+0.9pp2%+0.6pp1.8%+0.4pp
Changes in assumptions and other by Product
Fixed rate annuities$0$0$0$0$0
Indexed annuities-$10M-1,100%$16M-33.3%-$1M-110%$1M+150%
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+65.9%$812M+93.3%$744M+45.6%$608M+71.3%$533M+62.0%
Market risk benefits asset by Product
Fixed rate annuities$0-100%$0$242M+80.6%$213M$187M
Indexed annuities$308M$285M+50.8%$0$0-100%$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%+0.3pp2.4%+0.6pp
Effects of market related movements by Product
Fixed rate annuities$0$0$0$0$0
Indexed annuities-$12M-121%$8M$58M+257%
Actual policyholder behavior different from expected by Product
Fixed rate annuities$0$0$0$0$0
Indexed annuities$53M+141%$4M+131%$6M+155%$13M+18.2%$22M+175%
Lapse rate by Product
Immediate annuities0%0%0%0%0%
Traditional Life0.5%-0.1pp0.6%+0.1pp0.6%+0.1pp0.6%+0.2pp0.6%+0.2pp
Effect of changes in the instrument-specific credit risk by Product
Fixed rate annuities$0$0$0$0$0
Indexed annuities$80M+15.9%$128M+30.6%$137M+22.3%$105M+31.3%$69M-33.0%
% of Total by Geography
East North Central5%+1.0pp4%0.0pp4%0.0pp3%-1.0pp4%0.0pp
East South Central2%-1.0pp3%0.0pp3%0.0pp2%-1.0pp3%0.0pp
Middle Atlantic10%-2.0pp11%-2.0pp11%-3.0pp11%-3.0pp12%-2.0pp
Mountain13%-2.0pp12%-3.0pp13%-3.0pp13%-2.0pp15%0.0pp
New England5%-1.0pp6%0.0pp6%0.0pp6%+3.0pp6%+3.0pp
Pacific20%-6.0pp22%-4.0pp22%-5.0pp24%-6.0pp26%-4.0pp
South Atlantic35%+9.0pp34%+9.0pp32%+9.0pp33%+9.0pp26%+2.0pp
West North Central5%+3.0pp2%0.0pp2%+1.0pp2%+1.0pp2%+1.0pp
West South Central5%-1.0pp6%0.0pp7%+1.0pp6%0.0pp6%0.0pp
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss by Geography
East North Central$172M+73.7%$124M+26.5%$126M+28.6%$99M+1.0%$99M-4.8%
East South Central$86M+14.7%$86M+14.7%$87M+16.0%$75M0.0%$75M0.0%
Middle Atlantic$370M+6.3%$356M+0.6%$358M+1.1%$348M-1.7%$348M-1.7%
Mountain$472M+15.4%$396M-3.2%$421M+2.9%$408M+0.5%$409M+6.0%
New England$183M+11.6%$183M+11.6%$187M+14.0%$174M+89.1%$164M+78.3%
Pacific$706M-2.8%$709M+0.4%$732M+2.7%$726M-4.6%$726M-5.1%
South Atlantic$1.19B+60.1%$1.16B+69.4%$1.1B+84.7%$1.01B+63.6%$742M+20.1%
West North Central$167M+169%$69M+11.3%$67M+205%$63M+186%$62M+195%
West South Central$194M+7.8%$180M+5.3%$226M+41.3%$184M+22.7%$180M+21.6%

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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.