F&G is an insurance company that provides annuities and life insurance products to individual retail customers and pension risk transfer solutions to institutional clients. The company's core offerings include fixed indexed annuities, registered index-linked annuities, multi-year guarantee annuities, indexed universal life insurance, and pension risk transfer solutions, which it distributes through independent agents, banks, broker-dealers, and direct institutional channels. F&G generates revenue through spread-based earnings on fixed annuities and pension risk transfer products, as well as fee-based earnings from reinsurance and owned distribution investments, with a business model increasingly focused on higher-margin, less capital-intensive fee revenue while maintaining disciplined growth in spread-based products.