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 12/2021

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 10/2021

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.

A-
tab closedtab open Fitch RatingsClick to Expand/Collapse
As of 9/2021

"+" 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).

Baa1
tab closedtab open Moody's Investors ServiceClick to Expand/Collapse
As of 11/2021

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.

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.

Policyholders

Do you own an individual F&G annuity or life insurance policy? Contact your customer service team below.

Access policyholder support
Pension Risk Transfer (PRT)

Any F&G PRT group annuity certificate holder can connect with the PRT customer service team below.


Access PRT support
Investors

Find all information from financials to SEC filings and more on our Investors page.

Find Out More

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.

We are a part of the Fidelity National Financial (NYSE: FNF) family of companies. FNF is a FORTUNE 500® company and a leading provider of title insurance and settlement services to the real estate and mortgage industries.

Meet Our Parent Company

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 Companies

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)

2020
Launched financial institutions channel

2021
Entered the institutional market

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

Chris Blunt joined F&G in 2019 after 33 years in a variety of insurance, investment management and wealth management roles. Most recently, he served as Chief Executive Officer of Blackstone Insurance Solutions, after nearly 13 years at New York Life in a variety of executive leadership roles. Chris is a Trustee of the American College of Financial Services and serves on the board of the YMCA of Greater New York.

Matt Christensen

Matt Christensen

Senior Vice President, Chief Operating Officer

Matt Christensen oversees the company's strategy, transformation and information technology functions. Matt joined F&G in 2019 with over 15 years of industry experience. Before joining F&G, Matt previously served as a Principal for Blackstone Insurance Solutions and held various leadership roles with Jackson. Matt also serves on the board of Junior Achievement of Central Iowa.

Scott Cochran

Scott Cochran

President, Institutional & New Markets

Scott Cochran has led the creation of and oversees our Institutional Business which includes Pension Risk Transfer and Funding Agreement Backed Note based businesses. Scott joined F&G in 2020 after an accomplished career as a life insurance executive with a background in building businesses, M&A, strategy, leadership and risk management. During Scott’s 25+ years in the industry, he also served as a Senior Advisor at Blackstone and as Executive Vice President at RGA.

John Currier

John Currier

President, Retail Markets

John Currier manages the company’s Retail business unit. He is responsible for business unit profit and loss, and he oversees sales, operations, marketing, new business profitability and inforce management. John joined F&G in 2015 and has over 30 years of industry experience.

Renee Hamlen

Renee Hamlen

Senior Vice President, Chief Human Capital and Brand Officer

Renee Hamlen joined F&G in 2019 with over 20 years of experience in the insurance and nonprofit industries. She leads the company's human resources, corporate communications and design functions. Prior to F&G, Renee served as the head of Retail Annuities Marketing at New York Life Insurance Company. Renee serves on the Board of Trustees for EveryStep Foundation, a Des Moines-based health and human services organization.

Jodi Hyde

Jodi Hyde

Senior Vice President, General Counsel & Secretary

Jodi Hyde oversees F&G’s legal and compliance function and provides strategic insight on corporate governance, litigation, market conduct matters, F&G’s compliance regime and all legal matters related to the firm. During her time at F&G, Jodi has been instrumental in supporting several strategic initiatives and has served in leadership roles for numerous critical projects. Jodi joined F&G in 2014 with over a decade of legal experience in the insurance industry.

Dave Martin

Dave Martin

Senior Vice President, Chief Risk Officer

David Martin, CFA, ASA serves as the company’s Chief Risk Officer, overseeing F&G’s enterprise risk management framework. Since 2011, David has been instrumental in supporting F&G’s investment portfolio strategy while serving in various senior roles at F&G, including Co-Chief Investment Officer.

John Phelps

John Phelps

Executive Vice President, Chief Distribution Officer

John Phelps manages all aspects of our life and annuity distribution channels and joined F&G in 2000. During his 40-year career in the industry, he served as a personal producer and a general agent and held home office executive roles for more than 30 years. John also served on the LIMRA Distribution Leaders Round Table Committee and the LIMRA Brokerage Committee. He earned his M.S. Management from The American College and his B.S. degrees in Marketing and Economics from Manchester University.

Leena Punjabi

Leena Punjabi

Senior Vice President, Chief Investment Officer

Leena Punjabi, CFA, serves as Chief Investment Officer. She oversees F&G’s investment portfolios in partnership with Blackstone Insurance Solutions. Prior to joining F&G in 2019, she was a Principal at Mercer where she worked for 13 years providing investment advice to insurance companies and corporate pension plans.

Wendy JB Young

Wendy JB Young

Executive Vice President, Chief Financial Officer

Wendy has over 35 years of insurance industry experience and over 20 years with F&G, working in a broad range of actuarial, finance and reinsurance functions. Most recently Wendy served as the company’s CRO and CEO of the company’s Bermuda reinsurance entities. As CFO, Wendy oversees all aspects of the corporate finance function including Chief Accounting Office, Corporate Actuarial, FP&A, Capital and Ratings management, Reinsurance Strategy, Tax, Treasury and Transformation.

Executive Committee

Ron Barrett

Ron Barrett

Senior Vice President,
Annuity Distribution

Alex Castillo

Alex Castillo

Senior Vice President,
Chief People Officer

Paul Conner

Paul Conner

Senior Vice President,
Chief Actuary

Dave Czerwonka

Dave Czerwonka

Senior Vice President,
Chief Transformation Officer

Dan Farrelly

Dan Farrelly

Senior Vice President,
Financial Institutions

Lisa Foxworthy-Parker

Lisa Foxworthy-Parker

Senior Vice President,
Investor & External Relations

Sean O'Connell

Sean O'Connell

Senior Vice President,
Chief Product Officer

Steve Sanders

Steve Sanders

Senior Vice President,
Life Distribution

Ted Hughes

Ted Hughes

Senior Vice President,
Chief Information Officer

Micki Wildin

Micki Wildin

Senior Vice President,
Financial Planning & Analysis

Mark Wiltse

Mark Wiltse

Senior Vice President,
Chief Accounting Officer

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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