F&G Annuities & Life (FG) KBW Insurance Conference 2026 summary
Event summary combining transcript, slides, and related documents.
KBW Insurance Conference 2026 summary
13 Sep, 2026Leadership and strategic priorities
CEO and CFO roles recently transitioned, with a focus on continuity and growth momentum.
Emphasis on expanding gross and net AUM, with a shift toward capital-light, fee-based business models.
Fee income targeted to rise from 15% in 2025 to 25% by 2028, driven by reinsurance and business mix.
Core retail products (FIA, IUL, RILA, PRT) are central to growth, with top rankings in several segments.
Stability in revenue and earnings is prioritized, with predictable performance outside of alternative investments.
Reinsurance and business mix
MYGA products are heavily reinsured (up to 90%), while FIA reinsurance targets about 50%.
Expansion of reinsurance is likely, with a sidecar arrangement for FIA accumulation business.
Retained AUM has grown significantly over five years, with more reinsurance expected.
Fee income is generated from Peak, flow reinsurance, and select life products.
Reinsurance partnerships diversify risk and support capital-light strategy.
Distribution and product strategy
Distribution has expanded from IMOs to include broker-dealers and financial institutions.
MYGA sales are opportunistic, with reduced volumes in recent quarters and capital redirected to buybacks.
FIA business remains competitive but stable, with consistent returns and strong relationships in owned distribution.
RILA is a newer, fast-growing product, with momentum expected to continue.
Diversification in distribution and product mix is a key ongoing priority.
Latest events from F&G Annuities & Life
- Transitioning to a fee-based, capital-light model with strong growth and disciplined capital management.FG
Barclays 24th Annual Global Financial Services Conference - Record AUM and $85M adjusted net earnings highlight strong sales and capital returns.FG
Q2 2026 - Growth targets are ahead of plan, with strong annuity demand and diversified distribution.FG
2024 KBW Insurance Conference - All proposals passed, directors elected, and no shareholder questions were raised.FG
AGM 2026 - Q1 2026 saw record AUM, $244M net earnings, and a strategic shift to higher margin business.FG
Q1 2026 - Key votes include director elections, executive pay approval, and auditor ratification for 2026.FG
Proxy filing - Proxy covers director elections, say-on-pay, auditor ratification, and highlights strong performance.FG
Proxy filing - Record AUM and $14.6B sales drive growth as fee-based earnings and capital returns rise.FG
Q4 2025 - Record AUM and strong adjusted earnings despite net loss and lower MYGA sales.FG
Q1 2025