F&G Annuities & Life lays off 192 in bid to ‘efficiently scale’ business
May 30, 2025 by John Hilton
F&G Annuities & Life laid off 192 employees across both its home offices in Des Moines, Iowa, and remote functions.
The news comes three weeks after F&G reported first-quarter earnings per share of $0.72, falling well short of analysts’ expectations. The EPS miss came despite a substantial increase in revenue: $2.18 billion against a forecast of $1.37 billion.
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Meanwhile, Sheryl Moore, a longtime Des Moines-area entrepreneur and owner of Moore Market Intelligence and Wink, Inc. lamented the loss of industry jobs. A Tuesday posting on Moore’s popular LinkedIn page attracted several insurance industry job listings.
“I am hurting for my community,” Moore told InsuranceNewsNet. “That is a lot of people who are already dealing with an increased cost of living. Now they need to find a way to put food on the table again.”
