Business
F&G Annuities & Life Ranked Among Top Pension Risk Transfer Market Leaders For Fourth Consecutive Year
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.
About this update from F&g Annuities & Life, Inc.
[{"type":"text","content":"$7 Billion of Cumulative Sales Provides Meaningful Diversification and Scale Benefits ","length":85,"tagName":"p","attribs":{}},{"type":"text","content":"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. ","length":439,"tagName":"p"},{"type":"text","content":"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.","length":354,"tagName":"p"},{"type":"text","content":""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."","length":508,"tagName":"p"},{"type":"text","content":"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.","length":459,"tagName":"p"},{"type":"text","content":""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. &quo...