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We offer insurance solutions
for life and retirement.

About

Our Ratings

We are proud of these ratings because they are a testament to the financial strength of F&G, and they show that we are an insurer you can rely on.
Click below what each of these ratings mean:

A-
tab closedtab open AM BestClick to Expand/Collapse
As of November 20, 2018

A++ and A+ (Superior)

Assigned to insurance companies that have a superior ability to meet their ongoing insurance obligations.

A and A- (Excellent)

Assigned to insurance companies that have an excellent ability to meet their ongoing insurance obligations.

B++ and B+ (Good)

Assigned to insurance companies that have a good ability to meet their ongoing insurance obligations.

B and B- (Fair)

Assigned to insurance companies that have a fair ability to meet their ongoing insurance obligations. Financial strength is vulnerable to adverse changes in underwriting and economic conditions.

C++ and C+ (Marginal)

Assigned to insurance companies that have a marginal ability to meet their ongoing insurance obligations. Financial strength is vulnerable to adverse changes in underwriting and economic conditions.

C and C- (Weak)

Assigned to insurance companies that have a weak ability to meet their ongoing insurance obligations. Financial strength is very vulnerable to adverse changes in underwriting and economic conditions.

D (Poor)

Assigned to insurance companies that have a poor ability to meet their ongoing insurance obligations. Financial strength is extremely vulnerable to adverse changes in underwriting and economic conditions.

A-
tab closedtab open S&P GlobalClick to Expand/Collapse
As of June 1, 2020

Ratings from 'AA' to 'CCC' may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.

AAA

An insurer rated 'AAA' has extremely strong financial security characteristics. 'AAA' is the highest insurer financial strength rating assigned by Standard & Poor's.

AA

An insurer rated 'AA' has very strong financial security characteristics, differing only slightly from those rated higher.

A

An insurer rated 'A' has strong financial security characteristics, but is somewhat more likely to be affected by adverse business conditions than are insurers with higher ratings.

BBB

An insurer rated 'BBB' has good financial security characteristics, but is more likely to be affected by adverse business conditions than are higher-rated insurers.

BB

An insurer rated 'BB' has marginal financial security characteristics. Positive attributes exist, but adverse business conditions could lead to insufficient ability to meet financial commitments.

B

An insurer rated 'B' has weak financial security characteristics. Adverse business conditions will likely impair its ability to meet financial commitments.

CCC

An insurer rated 'CCC' has very weak financial security characteristics, and is dependent on favorable business conditions to meet financial commitments.

CC

An insurer rated 'CC' has extremely weak financial security characteristics and is likely not to meet some of its financial commitments.

Baa1
tab closedtab open Moody's Investors ServiceClick to Expand/Collapse
As of June 1, 2020

Moody's appends numerical modifiers 1, 2, and 3 in each generic rating classification from Aa through Caa. The modifier 1 indicates that the obligations ranks in the higher end of its generic rating category; the modifier 2 indicates a mid-range ranking and the modifier 3 indicates a ranking in the lower end of that generic rating category.

Aaa

Obligations rated Aaa are judged to be of the highest quality, subject to the lowest level of credit risk.

Aa

Obligations rated Aa are judged to be of high quality, and are subject to very low credit risk.

A

Obligations rated A are judged to be upper-medium grade and are subject to low credit risk.

Baa

Obligations rated Baa are judged to be medium-grade and subject to moderate credit risk and as such may possess certain speculative characteristics.

Ba

Obligations rated Ba are judged to be speculative and are subject to substantial credit risk.

B

Obligations rated B are considered speculative and are subject to high credit risk.

Caa

Obligations rated Caa are judged to be speculative of poor standing and are subject to very high credit risk.

Ca

Obligations rated Ca are highly speculative and are likely in, or very near, default, with some prospect of recovery of principal and interest.

C

Obligations rated C are the lowest rated and are typically in default, with little prospect for recovery of principal or interest.

A-
tab closedtab open Fitch RatingsClick to Expand/Collapse
As of June 1, 2020

"+" or "-" may be appended to a rating to indicate the relative position of a credit within the rating category. Such suffixes are not added to ratings in the 'AAA' category or to ratings below the 'B' category.

AAA: Exceptionally Strong

'AAA' IFS Ratings denote the lowest expectation of ceased or interrupted payments. They are assigned only in the case of exceptionally strong capacity to meet policyholder and contract obligations. This capacity is highly unlikely to be adversely affected by foreseeable events.

AA: Very Strong

'AA' IFS Ratings denote a very low expectation of ceased or interrupted payments. They indicate very strong capacity to meet policyholder and contract obligations. This capacity is not significantly vulnerable to foreseeable events.

A: Strong

'A' IFS Ratings denote a low expectation of ceased or interrupted payments. They indicate strong capacity to meet policyholder and contract obligations. This capacity may, nonetheless, be more vulnerable to changes in circumstances or in economic conditions than is the case for higher ratings.

BBB: Good

'BBB' IFS Ratings indicate that there is currently a low expectation of ceased or interrupted payments. The capacity to meet policyholder and contract obligations on a timely basis is considered adequate, but adverse changes in circumstances and economic conditions are more likely to impact this capacity.

BB: Moderately Weak

'BB' IFS Ratings indicate that there is an elevated vulnerability to ceased or interrupted payments, particularly as the result of adverse economic or market changes over time. However, business or financial alternatives may be available to allow for policyholder and contract obligations to be met in a timely manner.

B: Weak

'B' IFS Ratings indicate two possible conditions. If obligations are still being met on a timely basis, there is significant risk that ceased or interrupted payments could occur in the future, but a limited margin of safety remains. Capacity for continued timely payments is contingent upon a sustained, favorable business and economic environment, and favorable market conditions. Alternatively, a 'B' IFS Rating is assigned to obligations that have experienced ceased or interrupted payments, but with the potential for extremely high recoveries. Such obligations would possess a recovery assessment of 'RR1' (Outstanding).

CCC: Very Weak

'CCC' IFS Ratings indicate two possible conditions. If obligations are still being met on a timely basis, there is a real possibility that ceased or interrupted payments could occur in the future. Capacity for continued timely payments is solely reliant upon a sustained, favorable business and economic environment, and favorable market conditions. Alternatively, a 'CCC' IFS Rating is assigned to obligations that have experienced ceased or interrupted payments, and with the potential for average to superior recoveries. Such obligations would possess a recovery assessment of 'RR2' (Superior), 'RR3' (Good), and 'RR4' (Average).

CC: Extremely Weak

'CC' IFS Ratings indicate two possible conditions. If obligations are still being met on a timely basis, it is probable that ceased or interrupted payments will occur in the future. Alternatively, a 'CC' IFS Rating is assigned to obligations that have experienced ceased or interrupted payments, with the potential for average to below-average recoveries. Such obligations would possess a recovery assessment of 'RR4' (Average) or 'RR5' (Below Average).

C: Distressed

'C' IFS Ratings indicate two possible conditions. If obligations are still being met on a timely basis, ceased or interrupted payments are imminent. Alternatively, a 'C' IFS Rating is assigned to obligations that have experienced ceased or interrupted payments, and with the potential for below average to poor recoveries. Such obligations would possess a recovery assessment of 'RR5' (Below Average) or 'RR6' (Poor).

Financial strength ratings for Fidelity & Guaranty Life Insurance Company and Fidelity & Guaranty Life Insurance Company of New York for A.M. Best, Fitch, and S&P. Financial strength rating for Fidelity & Guaranty Life Insurance Company for Moody’s.

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Our Mission

We help people turn their aspirations into reality.

Our Vision

Every day we will strive to improve the financial lives of more and more people, backed by the passion of our team and grounded in a culture of mutual respect.

Our Story

Established in 1959, F&G is headquartered in Des Moines, Iowa, and offers unique life insurance and annuity solutions to meet individual financial security needs through a national network of financial professionals. Our products have protected over 700,000 people across the United States.

F&G is a company of individuals who believe in the power of partnerships, encourage innovation and creativity, and are transparent about decisions while delivering on their commitments. These values allow F&G to help you turn your aspirations into reality.

Our History of Innovation & Collaboration

Since 1959 F&G has built a growing business on partnership,
innovation and a disciplined investment approach.

1959
Fidelity & Guaranty Life Insurance Company launches

1960
Introduced our first product, traditional term life insurance.

1960s-1980s
Expanded our portfolio of offerings

1990s
USF&G, our parent company, merged with St. Paul Compaines

1998
Offered our first Fixed Indexed Annuity

2001
Old Mutual acquired Fidelity & Guaranty Life Insurance Company

2014
Opened new headquarters in Des Moines, IA

2017
Blackstone became F&G's investment manager

2019
Offered the first ETF-based strategy

2020
F&G became a subsidiary of Fidelity National Financial (FNF)

Today
We continue to collaborate with our partners to ensure your client's prosperity

Our Leadership

Members of F&G's leadership team share a passion for helping ensure the financial security of families and positive retirement lifestyles. Each team member possesses, on average, 28 years of industry experience. They are supported by a committed employee base with an average tenure of eight years in the industry.

Chris Blunt

Chris Blunt

President & Chief Executive Officer

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John Fleurant

John Fleurant

Executive Vice President,
Chief Financial Officer

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Scott Cochran

Scott Cochran

Executive Vice President,
New Markets

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John Currier

John Currier

Executive Vice President,
Chief Actuary & Chief Product Officer

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Wendy JB Young

Wendy JB Young

Executive Vice President,
Chief Risk Officer

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Jon Bayer

Jon Bayer

Executive Vice President,
Head of Corporate Development and Strategy

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John Phelps

John Phelps

Executive Vice President,
Chief Distribution Officer

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Bonnie Wasgatt

Bonnie Wasgatt

Executive Vice President,
Chief Operating Officer

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Alex Castillo

Alex Castillo

Senior Vice President,
Chief Human Resources Officer

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Corporate Responsibility

We strive to create a culture to reward workplace engagement, teamwork and results.

Our employees are dedicated to giving back to the communities where we operate through charitable donations and volunteer work. Through our Employee Gift Matching Program and Corporate Charitable Contributions, we provide financial support to many charitable organizations. In addition to financial support for the community, our employees enjoy giving their time toward worthy causes in the cities where we work. Through our Volunteer Time Off (VTO) policy, we encourage our employees to volunteer with organizations that are important to them.

"F&G" 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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