F&G Annuities & Life Ranked Among Top Pension Risk Transfer Market Leaders For Fourth Consecutive Year

Rhea-AI Summary

F&G Annuities & Life (NYSE: FG) has maintained its position among the top 10 pension risk transfer (PRT) market leaders for the fourth consecutive year, with cumulative sales exceeding $7 billion. The company achieved record PRT sales of $2.2 billion in 2024, representing a 15% increase from 2023, and added $300 million in Q1 2025.

Since entering the PRT market in 2021, F&G has completed over 30 transactions serving more than 125,000 participants and beneficiaries. The company ranks among the top 6 PRT writers for deals below $1 billion, operating within a $3 trillion private pension market. F&G's success is attributed to its competitive pricing, large diversified balance sheet, high-quality investment portfolio, and tech-enabled servicing capabilities.

Positive

• Record PRT sales of $2.2 billion in 2024, up 15% from 2023
• Strong market position as top 6 player in PRT writers for deals under $1 billion
• Successful execution of over 30 transactions serving 125,000+ participants
• Continued growth with additional $300 million PRT sales in Q1 2025

Negative

• None.

News Market Reaction

-14.48%

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-14.48% News Effect

On the day this news was published, FG declined 14.48%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

$7 Billion of Cumulative Sales Provides Meaningful Diversification and Scale Benefits

DES MOINES, Iowa, May 7, 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 cumulative sales of pension risk transfer (PRT) transactions of more than $7 billion solidifying the Company's top 10 ranking among PRT market leaders for the fourth consecutive year.   

F&G's momentum continued in 2024 with a record $2.2 billion of PRT sales, a 15% increase over 2023. 2025 is off to a solid start with an additional $300 million of PRT sales in the first quarter. Since entering into the PRT market in 2021, F&G has executed over 30 transactions serving more than 125,000 participants, including beneficiaries.

"We have built an impressive PRT track record and it remains a key component of F&G's overall growth and diversification strategy," said Jay Dinunzio, Senior Vice President of PRT Sales and Operations at F&G. "In an increasingly competitive market, F&G has developed and maintained an efficient and effective approach by adding new market segments, selectively broadening our prospects through additional PRT consultants and strategically adapting as opportunities arise."

F&G's competitive pricing, large and diversified balance sheet, high quality investment portfolio and tech-enabled servicing for PRT reflect the Company's ability to deliver superior value. Against a backdrop of a large $3 trillion private pension market, F&G has also consistently maintained a top 10 ranking in the PRT space since the channel launched in 2021 and is a top 6 player in PRT writers with an average deal size below $1 billion¹. 

"Pension fiduciaries continue to choose F&G as one of the most reliable and cost effective providers to balance their needs of spending plan assets prudently while fully securing pension benefits," added Dinunzio. "We look forward to continued momentum in delivering compelling financial and benefit security outcomes to our clients and ultimately pension beneficiaries."

To learn more, please visit: https://www.fglife.com/institutional/plan-sponsor

About F&G
F&G 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 https://www.fglife.com/.

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

¹LIMRA PRT Market Sales Ranking FY2024

View original content:https://www.prnewswire.com/news-releases/fg-annuities--life-ranked-among-top-pension-risk-transfer-market-leaders-for-fourth-consecutive-year-302448975.html

SOURCE F&G Annuities & Life, Inc.

FAQ

What is F&G Annuities & Life's (FG) total pension risk transfer sales volume?

F&G has achieved cumulative pension risk transfer sales of more than $7 billion since entering the market in 2021.

How much did F&G's (FG) pension risk transfer sales grow in 2024?

F&G achieved record PRT sales of $2.2 billion in 2024, representing a 15% increase compared to 2023.

How many pension risk transfer transactions has F&G (FG) completed since 2021?

F&G has executed over 30 PRT transactions serving more than 125,000 participants and beneficiaries since entering the market in 2021.

What is F&G's (FG) market ranking in the pension risk transfer business?

F&G has maintained a top 10 ranking among PRT market leaders for four consecutive years and is a top 6 player in PRT writers for deals under $1 billion.

How did F&G (FG) perform in pension risk transfer sales for Q1 2025?

F&G achieved $300 million in pension risk transfer sales during the first quarter of 2025.