F&G Snaps Up Stake in Marketing Group to Grow in Indexed Life
October 11, 2021 by Cyril Tuohy
Private equity-backed Fidelity & Guaranty Life was the No. 9 seller of indexed universal life in the second quarter, according to Wink’s Sales & Market report. That was its highest rank in the past five years.
For the industry as a whole, sales for the three months ending June 30 rose 23% to $627 million over the year-ago quarter, Wink reported last week.
“I would think that this transaction is occurring because Freedom Equity Group is a significant contributor to revenue for FGL,” Sheryl Moore, CEO of Wink, said in an email.