F&G Annuities & Life Announces Executive Management Transition

Rhea-AI Summary

F&G Annuities & Life (NYSE: FG) announced significant leadership changes, with John Currier transitioning from his role as President to a senior advisory position after 10 years of service, effective August 7, 2025. Conor Murphy, who joined as CFO in April 2025, will expand his responsibilities by assuming the role of President while maintaining his CFO position.

Under Currier's leadership, F&G has significantly expanded its retail footprint, achieving exceptional sales growth and more than doubling assets under management over the last five years. Murphy brings extensive executive experience from previous roles at Resolution Life US and Brighthouse Financial, which will be valuable for F&G's growth strategy and expansion of capital-light, fee-generating businesses.

Positive

• Company has doubled assets under management in the past five years
• New President brings extensive insurance industry executive experience
• Planned expansion into capital-light, fee-generating businesses expected to improve profitability
• Smooth leadership transition with former President staying as advisor

Negative

• Loss of long-term President with 10 years of company experience
• Potential execution risk with new President handling dual roles of President and CFO

~ John Currier to Retire as President of F&G, Assumes Senior Advisory Role ~
~ Conor Murphy to Assume a Broader Role as President and Chief Financial Officer ~

DES MOINES, Iowa, Aug. 6, 2025 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) (F&G or the Company) a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, today announced that John Currier will transition from his role as President of F&G after 10 years of service with the Company in various leadership roles within the Retail Markets business and, effective August 7, 2025, Mr. Currier will assume a senior advisory role reporting to Chris Blunt, Chief Executive Officer. 

Conor Murphy, who currently serves as the Company's Chief Financial Officer, has also assumed the role of President. Mr. Murphy joined F&G as the Company's CFO on April 1, 2025, having previously served as President and CEO of Resolution Life US and, prior to that, EVP and Chief Operating Officer at Brighthouse Financial. 

Chris Blunt, Chief Executive Officer of F&G, commented, "John has been an invaluable partner, and his deep industry expertise and leadership has been instrumental to our transformation and expansion over the last 10 years. Under John's leadership, we have focused our efforts in the Retail space on our mission – helping more and more people achieve their aspirations – by expanding our Retail footprint in breadth and depth, driving exceptional sales growth and have more than doubled our assets under management over the last five years. We are now a market leader in several segments, and I am appreciative to John for all of his efforts. I look forward to continuing to work with John in his new capacity as a senior advisor until his retirement next year."

Mr. Blunt added, "I am pleased to announce that Conor will assume the role of President in addition to his current duties as F&G's Chief Financial Officer. Conor has made a big impact since joining the Company and I look forward to working with him in this new capacity. Conor brings a wealth of experience developed through a variety of executive roles at leading insurance companies in both the U.S. and abroad. This experience will be invaluable as we continue to grow the Company as well as expand our capital light, fee generating businesses which, we believe, will expand our profitability and returns over time."

About F&G

F&G Annuities and Life, Inc. is committed to helping Americans turn their aspirations into reality. F&G is a leading provider of insurance solutions serving retail annuity and life customers and institutional clients and is headquartered in Des Moines, Iowa. For more information, please visit fglife.com.   

Forward-Looking Statements

This press release contains forward-looking statements that are subject to known and unknown risks and uncertainties, many of which are beyond our control. Some of the forward-looking statements can be identified by the use of terms such as "believes", "expects", "may", "will", "could", "seeks", "intends", "plans", "estimates", "anticipates" or other comparable terms. Statements that are not historical facts, including statements regarding our expectations, hopes, intentions or strategies regarding the future are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: general economic conditions and other factors, including prevailing interest and unemployment rate levels and stock and credit market performance; natural disasters, public health crises, international tensions and conflicts, geopolitical events, terrorist acts, labor strikes, political crisis, accidents and other events; concentration in certain states for distribution of our products; the impact of interest rate fluctuations; equity market volatility or disruption; the impact of credit risk of our counterparties; changes in our assumptions and estimates regarding amortization of our deferred acquisition costs, deferred sales inducements and value of business acquired balances; regulatory changes or actions, including those relating to regulation of financial services affecting (among other things) underwriting of insurance products and regulation of the sale, underwriting and pricing of products and minimum capitalization and statutory reserve requirements for insurance companies, or the ability of our insurance subsidiaries to make cash distributions to us; and other factors discussed in "Risk Factors" and other sections of F&G's Form 10-K and other filings with the Securities and Exchange Commission (SEC).

Contact:
Lisa Foxworthy-Parker
SVP of Investor & External Relations
Investor.relations@fglife.com
515.330.3307

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SOURCE F&G Annuities & Life, Inc.

FAQ

Who is the new President of F&G Annuities & Life (NYSE: FG)?

Conor Murphy, who currently serves as the company's CFO, will assume the role of President while maintaining his position as Chief Financial Officer.

When will John Currier step down as President of F&G?

John Currier will transition from his role as President to a senior advisory position effective August 7, 2025.

What are Conor Murphy's previous leadership experiences before F&G?

Murphy previously served as President and CEO of Resolution Life US and before that as EVP and Chief Operating Officer at Brighthouse Financial.

What has F&G achieved under John Currier's leadership?

Under Currier's leadership, F&G expanded its retail footprint, drove exceptional sales growth, and more than doubled its assets under management over the last five years.

How long will John Currier remain with F&G after stepping down as President?

Currier will serve as a senior advisor reporting to CEO Chris Blunt until his retirement next year.