F&G Annuities & Life Ranked Among Top Pension Risk Transfer Market Leaders For Fourth Consecutive Year
$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
[email protected]
515.330.3307
1LIMRA PRT Market Sales Ranking FY2024
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SOURCE F&G Annuities & Life, Inc.