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 | $16M0.0% | $17M-5.6% | $18M-18.2% | $18M-28.0% | $16M-38.5% | |
| PRT | $2.12B+9.1% | $2.11B-5.0% | $2.26B+13.0% | $2.05B-3.9% | $1.94B-14.9% | |
| Traditional Life | $96M-11.9% | $99M-10.8% | $102M-9.7% | $104M-11.1% | $109M-8.4% | |
| Premiums Earned, Net by Product | ||||||
| Life Insurance Product Line | $2.15B+8.8% | $2.14B-5.1% | $2.29B+12.4% | $2.09B-4.3% | $1.98B-15.1% | |
| Premiums received by Product | ||||||
| FABN | $0— | $0— | $0— | $0— | $0— | |
| FHLB | $0— | $0— | $0— | $0— | $0— | |
| Fixed rate annuities | $0-100% | $0-100% | $0— | $1M— | $1M— | |
| Universal life | $615M+17.8% | $593M+19.8% | $571M+23.1% | $549M+26.2% | $522M+27.6% | |
| Net liability, after reinsurance by Product | ||||||
| FABN | $13.59B+23.7% | $12.34B+14.7% | $11.47B+5.1% | $10.61B-4.0% | $10.99B+5.1% | |
| FHLB | $10.72B-6.5% | $10.92B-1.6% | $10.88B+0.8% | $11.06B+7.4% | $11.46B+19.7% | |
| Fixed rate annuities | $25.83B+3.9% | $25.57B+2.8% | $25.59B+5.1% | $25.48B+6.8% | $24.86B+4.1% | |
| Indexed annuities | $119.03B+1.0% | $120.45B+3.4% | $119.7B+4.7% | $119.09B— | $117.9B— | |
| Universal life | $9.81B+24.8% | $9.28B+24.5% | $8.78B+25.1% | $8.32B+27.5% | $7.86B+29.0% | |
| Gross liability, end of period by Product | ||||||
| FABN | $13.59B+23.7% | $12.34B+14.7% | $11.47B+5.1% | $10.61B-4.0% | $10.99B+5.1% | |
| FHLB | $10.72B-6.5% | $10.92B-1.6% | $10.88B+0.8% | $11.06B+7.4% | $11.46B+19.7% | |
| Fixed rate annuities | $77.04B+13.6% | $75.95B+17.9% | $74.13B+22.6% | $71.58B+29.1% | $67.85B+32.0% | |
| Immediate annuities | $1.07B-7.9% | $1.09B-7.5% | $1.12B-7.4% | $1.14B-7.2% | $1.16B-6.9% | |
| Indexed annuities | $132.01B+9.6% | $129.01B+9.5% | $125.92B+9.7% | $123.27B— | $120.42B— | |
| PRT | $24M+9.1% | $24M+14.3% | $24M+20.0% | $23M+21.1% | $22M+22.2% | |
| Traditional Life | $18M-10.0% | $19M-5.0% | $20M0.0% | $20M0.0% | $20M0.0% | |
| Universal life | $13.34B+17.2% | $12.8B+16.4% | $12.29B+16.2% | $11.82B+17.0% | $11.38B+17.1% | |
| Present Value of Future Insurance Profits, Net by Product | ||||||
| Fixed rate annuities | $74M-17.8% | $78M-17.9% | $82M-18.0% | $86M-18.1% | $90M-18.2% | |
| Immediate annuities | $714M-3.4% | $720M-3.5% | $726M-3.6% | $733M-3.6% | $739M-3.8% | |
| Indexed annuities | $3.14B-13.6% | $3.26B-13.5% | $3.38B-13.3% | $3.51B-13.1% | $3.64B-12.8% | |
| Traditional Life | $453M-9.9% | $466M+3.8% | $480M+22.1% | $493M+46.7% | $503M+80.9% | |
| Universal life | $480M-5.9% | $487M-5.8% | $494M-5.9% | $502M-5.6% | $510M-5.7% | |
| Expected future gross premiums by Product | ||||||
| Immediate annuities | $0— | $0— | $0— | $0— | $0— | |
| PRT | $0— | $0— | $0— | $0— | $0— | |
| Traditional Life | $2.54B-9.4% | $2.61B-9.5% | $2.66B-11.1% | $2.74B-9.8% | $2.8B-10.0% | |
| Liability for Future Policy Benefit, after Reinsurance by Product | ||||||
| Immediate annuities | $4.68B-3.8% | $4.73B-4.2% | $4.75B-5.9% | $4.83B-2.8% | $4.87B-3.7% | |
| Traditional Life | $3.11B-4.3% | $3.16B-4.2% | $3.17B-8.1% | $3.23B-5.0% | $3.25B-2.6% | |
| Interest Expense by Product | ||||||
| Immediate annuities | $53M-10.2% | $54M-8.5% | $53M-3.6% | $56M+16.7% | $59M+20.4% | |
| PRT | $356M+34.3% | $331M+37.9% | $310M+56.6% | $285M+69.6% | $265M+96.3% | |
| Traditional Life | $35M-2.8% | $35M-5.4% | $36M-2.7% | $37M+2.8% | $36M-5.3% | |
| Other by Product | ||||||
| FHLB | $0+100% | $0+100% | $0+100% | -$2M+33.3% | -$2M— | |
| Fixed rate annuities | $0+100% | -$1M— | -$1M-150% | $2M+300% | -$1M-200% | |
| Indexed annuities | $0— | $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% | $8M-11.1% | |
| Indexed annuities | $7.34B+35.5% | $6.78B+35.8% | $6.21B+31.4% | $5.84B— | $5.42B— | |
| Universal life | $161.31B-44.2% | $207.6B-25.0% | $252.29B-4.1% | $293.67B+17.9% | $288.88B+23.1% | |
| Balance, end of period, net of reinsurance by Product | ||||||
| Fixed rate annuities | $4M— | $4M— | $4M— | $4M— | —— | |
| Indexed annuities | $2.36B— | $2.15B— | $1.89B— | —— | —— | |
| Ceded Premiums Earned by Product | ||||||
| Life Insurance Product Line | $83M-9.8% | $85M-9.6% | $87M-10.3% | $89M-11.0% | $92M-10.7% | |
| Interest accrual by Product | ||||||
| Traditional Life | $49M-7.5% | $50M-7.4% | $51M-7.3% | $53M-3.6% | $53M-5.4% | |
| Attributed fees collected and interest accrual by Product | ||||||
| Fixed rate annuities | $0— | $0— | $0— | $0— | $0— | |
| Indexed annuities | $165M+13.0% | $156M+6.1% | $155M+14.2% | $151M+10.6% | $146M+8.8% | |
| Expected future benefit payments by Product | ||||||
| Immediate annuities | $5.11B-3.7% | $5.17B-4.0% | $5.19B-5.6% | $5.28B-2.6% | $5.31B-3.6% | |
| PRT | $30.43B+31.9% | $28.61B+32.4% | $26.55B+33.4% | $24.66B+36.7% | $23.07B+44.0% | |
| Traditional Life | $7.46B-6.5% | $7.61B-5.6% | $7.7B-5.9% | $7.88B-2.6% | $7.98B-2.2% | |
| 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+18.1% | $378M+20.0% | $362M+20.3% | $347M+20.5% | $331M+20.4% | |
| Future policy benefits by Product | ||||||
| Immediate annuities | $5.11B-3.8% | $5.17B-4.1% | $5.19B-5.8% | $5.28B-2.7% | $5.31B-3.6% | |
| PRT | $30.43B+34.2% | $28.61B+36.4% | $26.55B+38.9% | $24.58B+45.7% | $22.68B+52.5% | |
| Traditional Life | $5.1B-4.6% | $5.17B-3.3% | $5.21B-3.5% | $5.3B+0.3% | $5.34B+1.0% | |
| Policyholder Account Balance, Benefit Payment by Product | ||||||
| FABN | $413M-49.4% | $395M-51.8% | $392M-51.2% | $835M+1,506% | $816M+1,411% | |
| FHLB | $2.42B+6.0% | $2.3B+43.1% | $1.75B-3.1% | $2.21B+43.9% | $2.28B+132% | |
| Less: Reinsurance recoverable by Product | ||||||
| Immediate annuities | $428M-3.6% | $433M-3.3% | $436M-4.2% | $442M-1.8% | $444M-2.4% | |
| Traditional Life | $1.98B-5.0% | $2.01B-1.8% | $2.03B+4.5% | $2.07B+10.0% | $2.09B+7.2% | |
| Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change by Product | ||||||
| Immediate annuities | $5.11B-3.8% | $5.17B-4.1% | $5.19B-5.8% | $5.28B-2.7% | $5.31B-3.6% | |
| Traditional Life | $7.45B-6.1% | $7.59B-5.2% | $7.67B-5.8% | $7.84B-2.9% | $7.93B-2.9% | |
| Change in fair value of other derivatives and embedded derivatives by Product | ||||||
| FABN | $8.25M+200% | $11M— | $8.25M— | $5.5M— | $2.75M— | |
| FHLB | $0— | $0— | $0— | $0— | $0— | |
| Fixed rate annuities | $3.5M+600% | $2M— | $1.5M— | $1M— | $500K— | |
| Indexed annuities | $193.75M— | $321M— | —— | —— | —— | |
| Universal life | $178.25M— | $115M— | —— | —— | —— | |
| Capitalization by Product | ||||||
| Indexed annuities | $334M-0.6% | $332M+4.1% | $343M+24.7% | $357M+62.3% | $336M+74.1% | |
| Universal life | $186M+18.5% | $178M+17.9% | $172M+21.1% | $165M+22.2% | $157M+23.6% | |
| Issuances by Product | ||||||
| FHLB | $2.12B-16.1% | $2.24B+24.2% | $1.46B-33.2% | $1.69B-21.6% | $2.52B+93.4% | |
| Fixed rate annuities | $3.42B-21.3% | $3.8B-25.8% | $4.09B-34.1% | $4.79B-9.3% | $4.35B-10.9% | |
| Immediate annuities | $6M+100% | $6M+100% | $7M+133% | $5M+25.0% | $3M0.0% | |
| Indexed annuities | $6.9B+2.4% | $6.71B+1.0% | $6.68B+11.2% | $6.81B+25.6% | $6.73B+36.7% | |
| Universal life | $235M+11.4% | $229M+10.1% | $219M+5.3% | $215M+5.4% | $211M+5.0% | |
| Reinsurance recoverable, gross of allowance by Product | ||||||
| Block of traditional, IUL and UL | $4.15B-3.0% | $4.19B-2.5% | $4.22B-2.3% | $4.26B— | $4.28B— | |
| Certain MYGA and deferred annuities | $19.21B— | $16.92B— | $14.67B— | $12.35B— | —— | |
| Certain MYGA | $34.14B+12.7% | $33.68B+17.3% | $32.93B+21.9% | $31.83B— | $30.29B— | |
| Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment by Product | ||||||
| Immediate annuities | $113M-3.4% | $113M-4.2% | $114M-5.0% | $116M-4.9% | $117M-7.1% | |
| Traditional Life | $223M-2.2% | $230M+3.6% | $230M+5.5% | $229M+7.0% | $228M+9.6% | |
| Weighted-average crediting rate by Product | ||||||
| Fixed rate annuities | 18.9%-2.9pp | 18.6%-2.7pp | 18.2%-3.6pp | 17.8%-3.4pp | 21.8%+2.1pp | |
| Indexed annuities | 10.4%-1.8pp | 10%-1.5pp | 10.3%+0.3pp | 10.2%— | 12.1%— | |
| Universal life | 25.2%-4.6pp | 24.6%-4.3pp | 24.6%-1.5pp | 24.4%+1.5pp | 29.8%+14.3pp | |
| Interest credited by Product | ||||||
| FABN | $121M+47.6% | $107M+50.7% | $93M+43.1% | $92M+64.3% | $82M+49.1% | |
| FHLB | $101M-15.8% | $103M-12.0% | $103M-6.4% | $112M+16.7% | $120M+55.8% | |
| Fixed rate annuities | $893M+24.0% | $866M+29.8% | $829M+39.3% | $780M+49.1% | $720M+54.5% | |
| Indexed annuities | $875M-0.8% | $830M+1.1% | $897M+61.5% | $883M+108% | $882M+158% | |
| Universal life | $194M+14.8% | $182M+15.9% | $181M+28.4% | $174M+41.5% | $169M+62.5% | |
| VOBA amortization by Product | ||||||
| Fixed rate annuities | $4M-20.0% | $4M-20.0% | $4M-20.0% | $4M-20.0% | $5M0.0% | |
| Immediate annuities | $6M-14.3% | $6M-14.3% | $7M0.0% | $6M-25.0% | $7M-22.2% | |
| Indexed annuities | $120M-8.4% | $122M-8.3% | $125M-8.1% | $129M-5.1% | $131M-5.1% | |
| Traditional Life | $13M+44.4% | $14M+100% | $13M+117% | $10M+100% | $9M+125% | |
| Universal life | $7M0.0% | $7M-12.5% | $8M+14.3% | $8M-11.1% | $7M-22.2% | |
| Issuances and benefit payments by Product | ||||||
| Fixed rate annuities | $0— | $0— | $0— | $0— | $0— | |
| Indexed annuities | $218M+129% | $147M+34.9% | $90M+219% | $79M+429% | $95M+2,211% | |
| Liability for Future Policy Benefit, Expected Future Policy Benefit, Original Discount Rate, before Cash Flow and Reinsurance by Product | ||||||
| Immediate annuities | $6.76B-2.9% | $6.8B-3.0% | $6.85B-3.0% | $6.9B-3.1% | $6.95B-3.3% | |
| Traditional Life | $8.79B-8.3% | $8.99B-7.3% | $9.19B-6.5% | $9.39B-5.6% | $9.58B-4.8% | |
| AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax by Product | ||||||
| Immediate annuities | $1.64B+0.1% | $1.64B+0.7% | $1.67B+6.7% | $1.63B-4.4% | $1.64B-2.3% | |
| Traditional Life | $1.33B-19.1% | $1.4B-17.5% | $1.52B-9.5% | $1.55B-17.3% | $1.65B+74.7% | |
| 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+77.9% | $2.26B+84.8% | $1.9B+71.0% | $1.69B— | $1.46B— | |
| Less: reinsured market risk benefits by Product | ||||||
| Fixed rate annuities | $0— | $0— | $0— | $0— | —— | |
| Indexed annuities | $688M— | $549M— | $415M— | —— | —— | |
| Cash surrender value by Product | ||||||
| Fixed rate annuities | $72.09B+13.9% | $71.02B+18.2% | $69.25B+23.0% | $66.8B+28.5% | $63.27B+31.3% | |
| Indexed annuities | $122.03B+11.3% | $118.89B+11.2% | $115.83B+11.2% | $112.75B— | $109.69B— | |
| Universal life | $9.95B+16.5% | $9.57B+16.6% | $9.22B+16.6% | $8.87B+16.3% | $8.54B+15.7% | |
| Contractholder funds by Product | ||||||
| Fixed rate annuities | $77.04B+13.5% | $75.95B+17.8% | $74.13B+22.6% | $71.58B+29.1% | $67.85B+32.0% | |
| Indexed annuities | $44.5B-52.0% | $71.01B-20.8% | $70.74B-37.3% | $95.76B— | $92.71B— | |
| Universal life | $12.93B+17.1% | $12.43B+17.4% | $11.96B+17.6% | $11.49B+17.7% | $11.04B+17.3% | |
| Current discount rate by Product | ||||||
| Immediate annuities | 21.6%+0.4pp | 21.3%+0.4pp | 21.5%+1.0pp | 21.1%-0.2pp | 21.1%+0.1pp | |
| Traditional Life | 19.9%-1.2pp | 20%-0.4pp | 20.7%+0.6pp | 20.6%+0.9pp | 21%+2.1pp | |
| 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+158% | $2.49B+68.0% | $2.02B+32.0% | $1.52B+3.6% | $1.17B-6.0% | |
| Indexed annuities | $4.56B+34.3% | $3.83B0.0% | $3.84B+16.2% | $4B+50.5% | $3.39B+54.7% | |
| Universal life | $155M+78.2% | $130M+28.7% | $125M+28.9% | $114M+22.6% | $87M-4.4% | |
| Market risk benefits liability by Product | ||||||
| Fixed rate annuities | $4M0.0% | $4M0.0% | $4M0.0% | $4M0.0% | $4M0.0% | |
| Indexed annuities | $3.41B+52.0% | $3.08B+51.3% | $2.72B+44.3% | $2.49B— | $2.24B— | |
| Mortality rate by Product | ||||||
| Immediate annuities | 10.1%-1.8pp | 11.4%-0.7pp | 11.7%-0.9pp | 11.4%-1.5pp | 11.9%-0.7pp | |
| Traditional Life | 8.4%+2.2pp | 8.6%+2.8pp | 7.7%+1.7pp | 6.8%+0.6pp | 6.2%0.0pp | |
| 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+67.6% | $2.7B+67.0% | $2.31B+52.8% | $2.07B— | $1.82B— | |
| Market risk benefits asset by Product | ||||||
| Fixed rate annuities | $455M+41.7% | $642M+379% | $642M+379% | $534M— | $321M— | |
| Indexed annuities | $593M+103% | $285M-26.4% | $189M-33.9% | $189M— | $292M— | |
| Interest accretion rate by Product | ||||||
| Immediate annuities | 12.8%+0.1pp | 12.8%+0.1pp | 12.8%+0.1pp | 12.7%+0.1pp | 12.7%+0.1pp | |
| Traditional Life | 9.4%+0.3pp | 9.4%+0.9pp | 9.4%+0.9pp | 9.4%+0.9pp | 9.1%+0.3pp | |
| 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+744% | $45M+1,000% | $28M+89.8% | $11M-66.2% | $9M-68.1% | |
| Lapse rate by Product | ||||||
| Immediate annuities | 0%— | 0%— | 0%— | 0%— | 0%— | |
| Traditional Life | 2.3%+0.3pp | 2.4%+0.6pp | 2.3%+0.7pp | 2.2%+0.8pp | 2%+0.7pp | |
| Effect of changes in the instrument-specific credit risk by Product | ||||||
| Fixed rate annuities | $0— | $0— | $0— | $0— | $0— | |
| Indexed annuities | $450M+25.3% | $439M+11.7% | $409M+2.3% | $384M— | $359M— | |
| % of Total by Geography | ||||||
| East North Central | 16%0.0pp | 15%-1.0pp | 15%-3.0pp | 15%-4.0pp | 16%-5.0pp | |
| East South Central | 10%-2.0pp | 11%-1.0pp | 11%-1.0pp | 11%-1.0pp | 12%0.0pp | |
| Middle Atlantic | 43%-10.0pp | 45%-10.0pp | 47%-9.0pp | 50%-6.0pp | 53%-2.0pp | |
| Mountain | 51%-10.0pp | 53%-8.0pp | 56%-4.0pp | 59%+1.0pp | 61%+4.0pp | |
| New England | 23%+2.0pp | 24%+6.0pp | 24%+6.0pp | 24%+5.0pp | 21%-2.0pp | |
| Pacific | 88%-21.0pp | 94%-19.0pp | 98%-19.0pp | 103%-16.0pp | 109%-9.0pp | |
| South Atlantic | 134%+36.0pp | 125%+29.0pp | 116%+23.0pp | 107%+14.0pp | 98%+7.0pp | |
| West North Central | 11%+5.0pp | 8%+3.0pp | 8%+5.0pp | 7%+5.0pp | 6%+4.0pp | |
| West South Central | 24%0.0pp | 25%+1.0pp | 25%+2.0pp | 24%+2.0pp | 24%+3.0pp | |
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss by Geography | ||||||
| East North Central | $521M+32.6% | $448M+12.6% | $422M-6.4% | $394M-20.9% | $393M-28.5% | |
| East South Central | $334M+11.3% | $323M+7.7% | $312M+4.0% | $300M-0.3% | $300M-0.7% | |
| Middle Atlantic | $1.43B+1.6% | $1.41B-0.4% | $1.41B-0.6% | $1.4B-0.9% | $1.41B+1.6% | |
| Mountain | $1.7B+3.9% | $1.63B+1.5% | $1.65B+6.1% | $1.64B+9.2% | $1.63B+13.1% | |
| New England | $727M+24.5% | $708M+38.3% | $689M+33.5% | $666M+25.7% | $584M-3.3% | |
| Pacific | $2.87B-1.1% | $2.89B-1.8% | $2.89B-3.8% | $2.87B-5.0% | $2.91B-2.7% | |
| South Atlantic | $4.45B+68.9% | $4.01B+59.5% | $3.53B+47.7% | $3.03B+27.7% | $2.64B+14.2% | |
| West North Central | $366M+118% | $261M+106% | $254M+268% | $209M+310% | $168M+409% | |
| West South Central | $784M+18.6% | $770M+22.4% | $761M+32.3% | $695M+30.6% | $661M+32.5% |
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.