海角社区

Des Moines, Iowa 鈥� May 8, 2024 鈥� 海角社区 Annuities & Life, Inc. (NYSE: FG) (鈥満＝巧缜�鈥� or 鈥淐ompany鈥�), 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 Company鈥檚 PRT channel, one of 海角社区鈥檚 institutional markets, now includes more than 100,000 total participants, including beneficiaries, who will receive their pension payments from 海角社区.

"In just under three years, 海角社区 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 海角社区. "Our continued success is a reflection not only of 海角社区鈥檚 overall growth and diversification, but the ability of our best-in-class PRT team to execute at the highest level in this competitive marketplace.鈥�

海角社区鈥檚 disciplined growth reflects the Company鈥檚 ability to maintain profitability while managing risk and leveraging its overall financial and investment strengths. 海角社区鈥檚 growth was also supported by two financial strength rating upgrades, from Moody鈥檚 Ratings and A.M. Best, achieved over the past year. 海角社区 has consistently maintained a top ten ranking in the PRT market鹿 since the channel launched in 2021.

鈥満＝巧缜� 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 海角社区. "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.鈥�

To learn more, please visit: /institutional/plan-sponsor

About 海角社区

海角社区 is committed to helping Americans turn their aspirations into reality. 海角社区 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