
17勛圖厙 Annuities & Life Reaches $5 Billion in Cumulative Pension Risk Transfer Sales
Milestone Reflects Over 100,000 Participants Who Will Now Receive Retirement Payments from 17勛圖厙
Posted:
May 8, 2024
May 8, 2024
Des Moines, Iowa May 8, 2024 17勛圖厙 Annuities & Life, Inc. (NYSE: FG) (17勛圖厙 or 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 over $5 billion since the channel was launched in June 2021.
Since its inception nearly three years ago, the Companys PRT channel, one of 17勛圖厙s institutional markets, now includes more than 100,000 total participants, including beneficiaries, who will receive their pension payments from 17勛圖厙.
"In just under three years, 17勛圖厙 has become a meaningful player in the PRT space as demonstrated by this significant sales milestone," said Matt Christensen, Executive Vice President of PRT at 17勛圖厙. "Our continued success is a reflection not only of 17勛圖厙s overall growth and diversification, but the ability of our best-in-class PRT team to execute at the highest level in this competitive marketplace.
17勛圖厙s disciplined growth reflects the Companys ability to maintain profitability while managing risk and leveraging its overall financial and investment strengths. 17勛圖厙s growth was also supported by two financial strength rating upgrades, from Moodys Ratings and A.M. Best, achieved over the past year. 17勛圖厙 has consistently maintained a top ten ranking in the PRT market繒 since the channel launched in 2021.
17勛圖厙 has developed an efficient and effective approach to how we successfully design, execute and close pension risk transfer transactions alongside our consultant and plan sponsor clients," said Jay Dinunzio, Senior Vice President of PRT Sales and Operations at 17勛圖厙. "Successful PRT transactions require strong intermediary relationship management, competitive product pricing and outstanding post-sale administration conversion execution. Our PRT team has quickly built an impressive track record, and we look forward to continued momentum as we help secure more pension benefits while minimizing the impact to pension funding levels.
To learn more, please visit: /institutional/plan-sponsor
About 17勛圖厙
17勛圖厙 is committed to helping Americans turn their aspirations into reality. 17勛圖厙 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 fglife.com.
1LIMRA U.S. Group Annuity Risk Transfer Sales Survey
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"17勛圖厙" is the marketing name for Fidelity & Guaranty Life Insurance Company issuing insurance in the United States outside of New York. Life insurance and annuities issued by Fidelity & Guaranty Life Insurance Company, Des Moines, IA.
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