F&G Reaches Nearly $5 Billion in Institutional Markets Sales Since Launching in June 2021
Major Sales Milestone Driven by Significant PRT Deals
DES MOINES, Iowa, Sept. 1, 2022 /PRNewswire/ -- F&G Annuities & Life, Inc. (F&G or the Company), an operating segment of Fidelity National Financial, Inc. (NYSE:FNF) and a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, recently closed two pension risk transfer (PRT) transactions propelling cumulative sales from F&G's Institutional Markets to nearly
During August, F&G closed PRT transactions representing
"In just over a year, F&G's institutional business continues to experience strong growth as evidenced by this significant sales milestone," said Scott Cochran, President of Institutional and New Markets at F&G. "Our PRT deals this year have already exceeded total PRT sales from 2021, thanks in part to our deeply experienced team and overall ability to leverage our financial and investment strengths. We are excited for continued momentum in the institutional business as part of our diversified growth strategy which complements our growing retail channels."
F&G's nearly
About F&G
F&G is part of the FNF family of companies. 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 fglife.com.
"F&G" is the marketing name for Fidelity & Guaranty Life Insurance Company issuing insurance in the United States outside of New York. Life insurance and annuities issued by Fidelity & Guaranty Life Insurance Company, Des Moines, IA.
Media Contact:
Karen Pevenstein
Karen.Pevenstein@fglife.com
617.312.3922
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SOURCE Fidelity & Guaranty Life; Fidelity National Financial, Inc.