F&G Annuities & Life, Inc. (NYSE:FG) Barclays 23rd Annual Global Financial Services Conference September 8, 2025 2:45 PM EDT
Company Participants
Christopher Blunt – CEO & Director
Conor Murphy – President & CFO
Presentation
Unknown Analyst
All right. So we will go ahead and kick off the next session. First, I’d like to say thank you, everybody, for joining us. Chris Blunt, CEO of F&G Annuities; Conor Murphy, CFO. I really appreciate you all being here. We’re looking forward to the conversation.
Question-and-Answer Session
Unknown Analyst
To kick it off, I wanted to start with a higher-level discussion of your strategy you’ve talked about to transform F&G into a more fee-based capital-light business over time. And I just wanted to get a feel for what are some of the key things you’re working on? What will that mix look like over time?
Christopher Blunt
CEO & Director
Sure. Yes, I’ll start. I’m sure Conor is going to want to jump in here. So good to see everybody. Yes, I would say, traditionally, the bulk of the growth of the last 6 years for F&G, where we’ve kind of more than doubled AUM and our earnings has come by making annuity sales and retaining them on our books, right, holding those assets. And now with the launch of the sidecar with Blackstone, some of the reinsurance deals that we have put forth, we are moving towards a more capital-light model, and that’s simply because the return on equity is meaningfully higher to write a piece of business and be more of a distribution company.
We have also invested about $700 million in actually owning some distribution channels. So we have bought a number of properties. Those are performing really well. It’s already throwing off about $85 million of EBITDA. And then lastly, we’ve got a middle market
#Annuities #Life #Presents #Barclays #23rd #Annual #Global #Financial #Services