Core Insights - Athene has been ranked number one in LIMRA's 2025 U.S. Retail Annuity Survey for the third consecutive year, solidifying its position as a leading provider of guaranteed income solutions [1] - The company attributes its market leadership to a strong model that effectively serves distribution partners and their clients, addressing the clear need for reliable retirement income solutions [2] - In 2025, the overall annuity market saw strong demand, with industry sales reaching $465 billion, driven by aging demographics and the need for protected retirement income solutions [2] Company Performance - Athene achieved nearly $33 billion in total fixed annuity sales in 2025 [4] - The company reported over $17 billion in total fixed-rate deferred annuity sales for the same year [4] - Athene's fixed indexed annuity sales amounted to $15 billion in 2025 [4] Market Context - The annuity market's growth is attributed to strong rates of return compared to other guaranteed products, highlighting the increasing demand for retirement income solutions [2]

Core Insights - F&G Annuities & Life, Inc. has launched a strategic partnership with a new reinsurance vehicle backed by Blackstone managed funds, with approximately $1 billion in anticipated capital commitments [1][2] - The partnership aims to provide long-term, on-demand growth capital to F&G through a forward flow reinsurance agreement on a quota share basis for certain fixed indexed annuity products, effective August 1, 2025 [1][2] - This structure allows F&G to efficiently manage its liabilities, reinsure a portion of its fixed indexed annuity sales, and enhance its capital-light model, which is central to its strategy [2] Company Strategy - The partnership with Blackstone is expected to help F&G fund a portion of its growth with participation from private, long-term capital providers, positioning the company to capitalize on market growth opportunities [3] - The transaction is anticipated to lead F&G towards a more fee-based, higher margin, and less capital-intensive business model, which is expected to positively impact the company's return on equity over time [3] Company Overview - F&G Annuities and Life, Inc. is a leading provider of insurance solutions, serving retail annuity and life customers as well as institutional clients, and is headquartered in Des Moines, Iowa [4]