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F&G Reaches Just about $5 Billion in Institutional Markets Gross sales Since Launching in June 2021

Primary Gross sales Milestone Pushed by means of Vital PRT Offers

DES MOINES, Iowa, Sept. 1, 2022 /PRNewswire/ — F&G Annuities & Existence, Inc. (F&G or the Corporate), an running section of Constancy Nationwide Monetary, Inc. (NYSE:FNF) and a number one supplier of insurance coverage answers serving retail annuity and lifestyles shoppers and institutional shoppers, just lately closed two pension possibility switch (PRT) transactions propelling cumulative gross sales from F&G’s Institutional Markets to just about $5 billion because the channel introduced in June 2021.  Institutional Markets transactions come with PRT and investment agreements.   

Right through August, F&G closed PRT transactions representing $620 million in pension tasks and 13,000 certificates holders, together with a primary repeat consumer transaction.  Since launching remaining yr, the Corporate has now closed 10 overall PRT offers leading to $2.3 billion in gross sales and 44,000 overall contributors who will obtain their pension bills from F&G.

“In simply over a yr, F&G’s institutional trade continues to revel in robust expansion as evidenced by means of this crucial gross sales milestone,” stated Scott Cochran, President of Institutional and New Markets at F&G. “Our PRT offers this yr have already exceeded overall PRT gross sales from 2021, thank you partly to our deeply skilled group and total skill to leverage our monetary and funding strengths.  We’re excited for endured momentum within the institutional trade as a part of our various expansion technique which enhances our rising retail channels.”

F&G’s almost $5 billion in institutional gross sales has additionally been pushed by means of endured opportunistic expansion within the investment settlement sponsored word (FABN) marketplace, leading to $700 million in gross sales all the way through the primary part of 2022, regardless of increased capital marketplace volatility this yr.  

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About F&G
F&G is a part of the FNF circle of relatives of businesses. F&G is dedicated to serving to American citizens flip their aspirations into truth. F&G is a number one supplier of insurance coverage answers serving retail annuity and lifestyles shoppers and institutional shoppers and is headquartered in Des Moines, Iowa.  For more info, please discuss with fglife.com.

“F&G” is the selling identify for Constancy & Warranty Existence Insurance coverage Corporate issuing insurance coverage in the US outdoor of New York. Existence insurance coverage and annuities issued by means of Constancy & Warranty Existence Insurance coverage Corporate, Des Moines, IA.

Media Touch:
Karen Pevenstein
[email protected] 
617.312.3922

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SOURCE Constancy & Warranty Existence; Constancy Nationwide Monetary, Inc.