F&G Annuities & Life Inc (NYSE: FG) is an insurance and financial services company that issues annuity and life insurance products to retail and institutional customers. It generates revenue primarily through the spread between investment income earned on policyholder assets and the crediting rates paid to policyholders, a classic insurance float model. The company operates in the U.S. market for fixed annuities and life insurance. The 10-K filed 2026-02-26 (accession 000193485026000026) covers the fiscal year ended December 31, 2025, though the filing excerpts provided do not supply sufficient detail to state specific segment revenue figures, customer counts, competitor names, or leadership details. Based solely on the available excerpts, further specifics on capital structure, geographic mix, and market position cannot be confirmed.

Revenue model

Spread-based earnings: investment income on assets backing policyholder reserves minus interest credited to policyholders, supplemented by fee income on annuity and life insurance contracts.

Products and services

Fixed annuities, life insurance products, and institutional annuity solutions.

Customers and end markets

Retail consumers purchasing annuity and life insurance products; institutional channels. End markets include retirement savings and life insurance protection.

Value-chain role

Direct insurance carrier and product issuer; invests policyholder premiums in fixed-income and other assets to generate spread income.

Geographic exposure

United States, based on available filing excerpts.

Source: SEC 10-K, filed 2026-02-26

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