F&G Annuities & Life FG Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Gross premium income by Product | |||||
| Immediate annuities | $17M-5.6% | $18M-25.0% | $24M+4.3% | $23M+43.8% | |
| PRT | $2.11B-5.0% | $2.22B+12.9% | $1.96B+43.7% | $1.37B+19.3% | |
| Traditional Life | $99M-10.8% | $111M-9.8% | $123M-10.2% | $137M-9.9% | |
| Premiums Earned, Net by Product | |||||
| Annuity product charges and other fees | $657M+8.1% | $608M+49.8% | $406M+31.0% | $310M+34.8% | |
| Life-contingent PRT premiums | $2.11B-4.9% | $2.22B+12.9% | $1.96B+44.2% | $1.36B+18.8% | |
| Life Insurance Product Line | $2.14B-5.1% | $2.25B+12.2% | $2.01B+44.0% | $1.39B+18.4% | |
| Traditional life insurance premiums | $30M-14.3% | $35M-18.6% | $43M+34.4% | $32M+3.2% | |
| Premiums received by Product | |||||
| FABN | $0— | $0— | $0— | $0— | |
| FHLB | $0— | $0— | $0— | $0— | |
| Fixed rate annuities | $0-100% | $1M— | —— | $3M0.0% | |
| Universal life | $593M+19.8% | $495M+29.6% | $382M+29.5% | $295M+26.6% | |
| Direct by Product | |||||
| Annuity product charges and other fees | $717M+9.5% | $655M+44.0% | $455M+26.4% | $360M+28.1% | |
| Life-contingent PRT premiums | $2.11B-4.9% | $2.22B+12.9% | $1.96B+44.2% | $1.36B+18.8% | |
| Life Insurance Premiums | $115M-10.9% | $129M-12.8% | $148M-7.5% | $160M-4.8% | |
| Net liability, after reinsurance by Product | |||||
| FABN | $12.34B+14.7% | $10.76B+3.0% | $10.45B— | —— | |
| FHLB | $10.92B-1.6% | $11.1B+20.9% | $9.18B— | —— | |
| Fixed rate annuities | $25.57B+2.8% | $24.86B+3.8% | $23.96B— | —— | |
| Indexed annuities | $120.45B+3.4% | $116.53B— | —— | —— | |
| Universal life | $9.28B+24.5% | $7.45B+31.5% | $5.67B— | —— | |
| Percentage of amount assumed to net by Product | |||||
| Annuity product charges and other fees | 0%— | 0%— | 0%— | 0%— | |
| Life-contingent PRT premiums | 0%— | 0%— | 0%— | 0%— | |
| Traditional life insurance premiums | 0%— | 0%— | 0%— | 0%— | |
| Gross liability, end of period by Product | |||||
| FABN | $12.34B+14.7% | $10.76B+3.0% | $10.45B— | —— | |
| FHLB | $10.92B-1.6% | $11.1B+20.9% | $9.18B— | —— | |
| Fixed rate annuities | $75.95B+17.9% | $64.45B+35.5% | $47.56B— | —— | |
| Immediate annuities | $1.09B-7.5% | $1.18B-6.9% | $1.27B— | —— | |
| Indexed annuities | $129.01B+9.5% | $117.82B— | —— | —— | |
| PRT | $24M+14.3% | $21M+31.3% | $16M— | —— | |
| Traditional Life | $19M-5.0% | $20M0.0% | $20M— | —— | |
| Universal life | $12.8B+16.4% | $11B+17.8% | $9.33B— | —— | |
| Present Value of Future Insurance Profits, Net by Product | |||||
| Fixed rate annuities | $78M-17.9% | $95M-17.4% | $115M-17.3% | $139M— | |
| Immediate annuities | $720M-3.5% | $746M-4.0% | $777M-5.1% | $819M— | |
| Indexed annuities | $3.26B-13.5% | $3.77B-12.6% | $4.31B— | —— | |
| Traditional Life | $466M+3.8% | $449M+59.2% | $282M-6.3% | $301M— | |
| Universal life | $487M-5.8% | $517M-6.0% | $550M-6.3% | $587M— | |
| Expected future gross premiums by Product | |||||
| Immediate annuities | $0— | $0— | $0— | $0— | |
| PRT | $0— | $0— | $0— | $0— | |
| Traditional Life | $2.61B-9.5% | $2.88B-10.0% | $3.2B-28.6% | $4.48B— | |
| Liability for Future Policy Benefit, after Reinsurance by Product | |||||
| Immediate annuities | $4.73B-4.2% | $4.94B-2.1% | $5.05B— | —— | |
| Traditional Life | $3.16B-4.2% | $3.3B-2.2% | $3.38B— | —— | |
| Interest Expense by Product | |||||
| Immediate annuities | $54M-8.5% | $59M+15.7% | $51M-15.0% | $60M0.0% | |
| PRT | $331M+37.9% | $240M+120% | $109M+118% | $50M+2,400% | |
| Traditional Life | $35M-5.4% | $37M0.0% | $37M-5.1% | $39M-2.5% | |
| Other by Product | |||||
| FHLB | $0+100% | -$2M— | $0— | $0+100% | |
| Fixed rate annuities | -$1M— | $0— | $0— | $0-100% | |
| Indexed annuities | $5M— | —— | $16M— | —— | |
| Universal life | $0— | $0— | $0— | $0— | |
| Net amount at risk by Product | |||||
| Fixed rate annuities | $8M0.0% | $8M-20.0% | $10M— | —— | |
| Indexed annuities | $6.78B+35.8% | $4.99B— | —— | —— | |
| Universal life | $207.6B-25.0% | $276.92B+25.8% | $220.09B— | —— | |
| Balance, end of period, net of reinsurance by Product | |||||
| Fixed rate annuities | $4M— | —— | —— | —— | |
| Indexed annuities | $2.15B— | —— | —— | —— | |
| Assumed Premiums Earned by Product | |||||
| Annuity product charges and other fees | $0— | $0— | $0— | $0— | |
| Life-contingent PRT premiums | $0— | $0— | $0— | $0— | |
| Traditional life insurance premiums | $0— | $0— | $0— | $0— | |
| Ceded Premiums Earned by Product | |||||
| Annuity product charges and other fees | $60M+27.7% | $47M-4.1% | $49M-2.0% | $50M-2.0% | |
| Life-contingent PRT premiums | $0— | $0— | $0— | $0— | |
| Life Insurance Product Line | $85M-9.6% | $94M-10.5% | $105M-18.0% | $128M-6.6% | |
| Traditional life insurance premiums | $85M-9.6% | $94M-10.5% | $105M-18.0% | $128M-6.6% | |
| Interest accrual by Product | |||||
| Traditional Life | $50M-7.4% | $54M-3.6% | $56M-5.1% | $59M-4.8% | |
| Attributed fees collected and interest accrual by Product | |||||
| Fixed rate annuities | $0— | $0— | $0-100% | $1M0.0% | |
| Indexed annuities | $156M+6.1% | $147M+12.2% | $131M— | —— | |
| Expected future benefit payments by Product | |||||
| Immediate annuities | $5.17B-4.0% | $5.38B-3.7% | $5.59B-26.2% | $7.57B— | |
| PRT | $28.61B+32.4% | $21.6B+56.3% | $13.82B+71.9% | $8.04B— | |
| Traditional Life | $7.61B-5.6% | $8.06B-3.0% | $8.3B-26.1% | $11.24B— | |
| Policyholder Account Balance, Policy Charge by Product | |||||
| FABN | $0— | $0— | $0— | $0— | |
| FHLB | $0— | $0— | $0— | $0— | |
| Fixed rate annuities | $0— | $0— | $0-100% | $1M0.0% | |
| Universal life | $378M+20.0% | $315M+20.7% | $261M+24.9% | $209M+25.1% | |
| Future policy benefits by Product | |||||
| Immediate annuities | $5.17B-4.1% | $5.39B-3.6% | $5.59B— | —— | |
| PRT | $28.61B+36.4% | $20.97B+65.6% | $12.67B— | —— | |
| Traditional Life | $5.17B-3.3% | $5.35B-0.1% | $5.35B— | —— | |
| Policyholder Account Balance, Benefit Payment by Product | |||||
| FABN | $395M-51.8% | $820M+1,447% | $53M+51.4% | $35M+400% | |
| FHLB | $2.3B+43.1% | $1.61B+110% | $763M-3.3% | $789M+76.5% | |
| Less: Reinsurance recoverable by Product | |||||
| Immediate annuities | $433M-3.3% | $448M-17.9% | $546M— | —— | |
| Traditional Life | $2.01B-1.8% | $2.05B+3.6% | $1.97B— | —— | |
| Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change by Product | |||||
| Immediate annuities | $5.17B-4.1% | $5.39B-3.6% | $5.59B— | —— | |
| Traditional Life | $7.59B-5.2% | $8.01B-4.0% | $8.34B— | —— | |
| Change in fair value of other derivatives and embedded derivatives by Product | |||||
| FABN | $11M— | $0— | $0— | $0— | |
| FHLB | $0— | $0— | $0— | $0— | |
| Fixed rate annuities | $2M— | $0— | $0— | $0— | |
| Indexed annuities | $321M— | —— | $243M— | —— | |
| Universal life | $115M— | —— | —— | $15M-79.7% | |
| Capitalization by Product | |||||
| Indexed annuities | $332M+4.1% | $319M+89.9% | $168M— | —— | |
| Universal life | $178M+17.9% | $151M+26.9% | $119M+33.7% | $89M— | |
| Issuances by Product | |||||
| FHLB | $2.24B+24.2% | $1.8B+43.6% | $1.26B+5.4% | $1.19B+57.0% | |
| Fixed rate annuities | $3.8B-25.8% | $5.13B+1.3% | $5.06B+34.7% | $3.76B+116% | |
| Immediate annuities | $6M+100% | $3M0.0% | $3M— | —— | |
| Indexed annuities | $6.71B+1.0% | $6.65B+40.8% | $4.72B— | —— | |
| Universal life | $229M+10.1% | $208M+4.5% | $199M+19.2% | $167M+46.5% | |
| Reinsurance recoverable, gross of allowance by Product | |||||
| Block of traditional, IUL and UL | $4.19B-2.5% | $4.29B— | —— | —— | |
| Certain MYGA and deferred annuities | $16.92B— | —— | —— | —— | |
| Certain MYGA | $33.68B+17.3% | $28.72B— | —— | —— | |
| Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment by Product | |||||
| Immediate annuities | $113M-4.2% | $118M-7.8% | $128M-6.6% | $137M+0.7% | |
| Traditional Life | $230M+3.6% | $222M+8.3% | $205M-3.8% | $213M-10.1% | |
| Weighted-average crediting rate by Product | |||||
| Fixed rate annuities | 18.6%-2.7pp | 21.4%+5.8pp | 15.5%— | —— | |
| Indexed annuities | 10%-1.5pp | 11.5%— | —— | —— | |
| Universal life | 24.6%-4.3pp | 28.9%+17.9pp | 10.9%— | —— | |
| Interest credited by Product | |||||
| FABN | $107M+50.7% | $71M+31.5% | $54M+20.0% | $45M+275% | |
| FHLB | $103M-12.0% | $117M+82.8% | $64M+77.8% | $36M+20.0% | |
| Fixed rate annuities | $866M+29.8% | $667M+64.7% | $405M+84.1% | $220M+31.7% | |
| Indexed annuities | $830M+1.1% | $821M+204% | $270M— | —— | |
| Universal life | $182M+15.9% | $157M+107% | $76M+58.3% | $48M-59.3% | |
| VOBA amortization by Product | |||||
| Fixed rate annuities | $4M-20.0% | $5M0.0% | $5M-28.6% | $7M— | |
| Immediate annuities | $6M-14.3% | $7M-30.0% | $10M-9.1% | $11M— | |
| Indexed annuities | $122M-8.3% | $133M-5.7% | $141M— | —— | |
| Traditional Life | $14M+100% | $7M+75.0% | $4M0.0% | $4M— | |
| Universal life | $7M-12.5% | $8M-11.1% | $9M-10.0% | $10M— | |
| Issuances and benefit payments by Product | |||||
| Fixed rate annuities | $0— | $0— | $0— | $0— | |
| Indexed annuities | $147M+34.9% | $109M+990% | $10M— | —— | |
| Liability for Future Policy Benefit, Expected Future Policy Benefit, Original Discount Rate, before Cash Flow and Reinsurance by Product | |||||
| Immediate annuities | $6.8B-3.0% | $7.01B-3.4% | $7.26B— | —— | |
| Traditional Life | $8.99B-7.3% | $9.7B-5.3% | $10.24B— | —— | |
| AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax by Product | |||||
| Immediate annuities | $1.64B+0.7% | $1.62B-2.5% | $1.67B— | —— | |
| Traditional Life | $1.4B-17.5% | $1.69B+2,868% | $57M— | —— | |
| Market Risk Benefit, before Reinsurance and Cumulative Increase (Decrease) from Instrument-Specific Credit Risk Change by Product | |||||
| Fixed rate annuities | $4M0.0% | $4M0.0% | $4M— | —— | |
| Indexed annuities | $2.26B+84.8% | $1.22B— | —— | —— | |
| Less: reinsured market risk benefits by Product | |||||
| Fixed rate annuities | $0— | —— | —— | —— | |
| Indexed annuities | $549M— | —— | —— | —— | |
| Cash surrender value by Product | |||||
| Fixed rate annuities | $71.02B+18.2% | $60.06B+34.6% | $44.62B— | —— | |
| Indexed annuities | $118.89B+11.2% | $106.95B— | —— | —— | |
| Universal life | $9.57B+16.6% | $8.21B+14.6% | $7.17B— | —— | |
| Contractholder funds by Product | |||||
| Fixed rate annuities | $75.95B+17.8% | $64.45B+35.5% | $47.56B— | —— | |
| Indexed annuities | $71.01B-20.8% | $89.69B— | —— | —— | |
| Universal life | $12.43B+17.4% | $10.59B+16.6% | $9.08B— | —— | |
| Current discount rate by Product | |||||
| Immediate annuities | 21.3%+0.4pp | 20.9%+0.1pp | 20.8%— | —— | |
| Traditional Life | 20%-0.4pp | 20.4%+1.2pp | 19.3%— | —— | |
| Policyholder Account Balance, Surrender and Withdrawal by Product | |||||
| FABN | $0— | $0— | $0— | $0— | |
| FHLB | $0— | $0— | $0— | $0— | |
| Fixed rate annuities | $2.49B+68.0% | $1.48B+29.5% | $1.14B+43.3% | $797M+46.8% | |
| Indexed annuities | $3.83B0.0% | $3.83B+91.1% | $2.01B— | —— | |
| Universal life | $130M+28.7% | $101M+12.2% | $90M+21.6% | $74M+8.8% | |
| Market risk benefits liability by Product | |||||
| Fixed rate annuities | $4M0.0% | $4M0.0% | $4M— | —— | |
| Indexed annuities | $3.08B+51.3% | $2.03B— | —— | —— | |
| Mortality rate by Product | |||||
| Immediate annuities | 11.4%-0.7pp | 12.1%-0.5pp | 12.6%— | —— | |
| Traditional Life | 8.6%+2.8pp | 5.8%-0.4pp | 6.2%— | —— | |
| Changes in assumptions and other by Product | |||||
| Fixed rate annuities | $0— | $0— | $0— | $0— | |
| Market Risk Benefit, after Increase (Decrease) from Instrument-Specific Credit Risk by Product | |||||
| Fixed rate annuities | $4M0.0% | $4M0.0% | $4M— | —— | |
| Indexed annuities | $2.7B+67.0% | $1.62B— | —— | —— | |
| Market risk benefits asset by Product | |||||
| Fixed rate annuities | $642M+379% | $134M— | $0— | —— | |
| Indexed annuities | $285M-26.4% | $387M— | —— | —— | |
| Interest accretion rate by Product | |||||
| Immediate annuities | 12.8%+0.1pp | 12.7%+0.2pp | 12.5%— | —— | |
| Traditional Life | 9.4%+0.9pp | 8.5%-0.9pp | 9.3%— | —— | |
| Effects of market related movements by Product | |||||
| Fixed rate annuities | $0— | $0— | $0+100% | -$1M0.0% | |
| Actual policyholder behavior different from expected by Product | |||||
| Fixed rate annuities | $0— | $0— | $0— | $0— | |
| Indexed annuities | $45M+1,000% | -$5M-119% | $27M— | —— | |
| Lapse rate by Product | |||||
| Immediate annuities | 0%— | 0%— | 0%— | —— | |
| Traditional Life | 2.4%+0.6pp | 1.8%+0.7pp | 1.1%— | —— | |
| Effect of changes in the instrument-specific credit risk by Product | |||||
| Fixed rate annuities | $0— | $0— | $0— | —— | |
| Indexed annuities | $439M+11.7% | $393M— | —— | —— | |
| % of Total by Geography | |||||
| East North Central | 15%-1.0pp | 16%-8.0pp | 24%— | —— | |
| East South Central | 11%-1.0pp | 12%0.0pp | 12%— | —— | |
| Middle Atlantic | 45%-10.0pp | 55%+1.0pp | 54%— | —— | |
| Mountain | 53%-8.0pp | 61%+5.0pp | 56%— | —— | |
| New England | 24%+6.0pp | 18%-9.0pp | 27%— | —— | |
| Pacific | 94%-19.0pp | 113%-3.0pp | 116%— | —— | |
| South Atlantic | 125%+29.0pp | 96%+7.0pp | 89%— | —— | |
| West North Central | 8%+3.0pp | 5%+3.0pp | 2%— | —— | |
| West South Central | 25%+1.0pp | 24%+4.0pp | 20%— | —— | |
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss by Geography | |||||
| East North Central | $448M+12.6% | $398M-36.1% | $623M— | —— | |
| East South Central | $323M+7.7% | $300M-1.0% | $303M— | —— | |
| Middle Atlantic | $1.41B-0.4% | $1.42B+4.2% | $1.36B— | —— | |
| Mountain | $1.63B+1.5% | $1.61B+14.0% | $1.41B— | —— | |
| New England | $708M+38.3% | $512M-24.3% | $676M— | —— | |
| Pacific | $2.89B-1.8% | $2.95B+0.8% | $2.92B— | —— | |
| South Atlantic | $4.01B+59.5% | $2.51B+11.9% | $2.24B— | —— | |
| West North Central | $261M+106% | $127M+694% | $16M— | —— | |
| West South Central | $770M+22.4% | $629M+34.4% | $468M— | —— |
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.