Annuity Issuer Says It Took Business Competitors Gave Up

August 12, 2020 by Allison Bell

Chris Blunt says investment management support from his old employer, Blackstone Group, helped F&G keep selling fixed index annuities in the second quarter, as COVID-19-related turmoil reduced some competitors’ appetite for new business.

Blunt is the chief executive officer of F&G — Fidelity & Guaranty Life.

“F&G had a record level of fixed index annuity sales of $866 million in the second quarter, in a period when industry annuity sales declined materially and several of our direct competitors chose to reduce volume,” Blunt told securities analysts today, during a conference call organized by F&G’s new corporate parent, Fidelity National Financial.

Click HERE to read the full story via ThinkAdvisor

Originally Posted at ThinkAdvisor on August 5, 2020 by Allison Bell.