F&G (FG) sets CEO handoff to Conor Murphy and hires new CFO
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
F&G Annuities & Life, Inc. is implementing a planned executive leadership transition. Chris Blunt will retire as Chief Executive Officer on June 30, 2026, but will remain on the board and continue as CEO of subsidiary Peak Altitude, where he will lead a formal process to explore strategic alternatives.
Conor Murphy, currently President and Chief Financial Officer, becomes Chief Executive Officer and President, with his employment agreement amended to raise his target annual bonus to 200% of base salary (with a 2026 target effectively at 150%) and to recommend a 2026 equity grant of $6.0 million, subject to committee approval. Michael Bailey joins as Chief Financial Officer on August 3, 2026 on a three-year employment agreement that includes a $550,000 base salary, a target annual bonus equal to 100% of salary, a $620,000 cash sign-on bonus and a $620,000 performance-based restricted stock award, plus a recommended recurring $1.1 million annual equity award, all subject to stated conditions. Mark Wiltse, Chief Accounting Officer, will serve as Interim Chief Financial Officer from June 30 to August 3, 2026.
Positive
- None.
Negative
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Insights
F&G discloses structured CEO/CFO succession with detailed incentive packages.
F&G is transitioning from long-serving CEO Chris Blunt to Conor Murphy while keeping Blunt on the board and as CEO of Peak Altitude. This preserves strategic continuity, especially as Blunt leads a formal process to explore strategic alternatives for Peak Altitude.
Murphy’s amended agreement materially increases performance-linked incentives, with a target annual bonus of 200% of base salary and a recommended $6.0 million 2026 equity grant, aligning his pay more tightly with shareholder outcomes. Bailey’s package combines a $550,000 base salary, a 100% bonus target, and meaningful equity, typical for a public-company CFO.
Investors may focus on how the new team executes the stated strategy of shifting toward more fee-based, higher-margin, less capital-intensive business. Subsequent filings and earnings updates will show whether compensation structures and leadership changes support the targeted long-term earnings growth and returns.
8-K Event Classification
3 items: 1.01, 5.02, 9.01
3 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Murphy target annual bonus: 200% of base salary
Murphy 2026 effective target bonus: 150% of base salary
Murphy 2026 equity grant recommendation: $6.0 million
+5 more
8 metrics
Murphy target annual bonus
200% of base salary
Effective July 1, 2026 under amended employment agreement
Murphy 2026 effective target bonus
150% of base salary
Pro-rated 2026 Annual Bonus Opportunity
Murphy 2026 equity grant recommendation
$6.0 million
2026 equity grant, subject to compensation committee approval
Bailey base salary
$550,000 per year
Minimum annual base salary as CFO
Bailey target annual bonus
100% of base salary
Annual incentive bonus target, max up to 200% of target
Bailey cash sign-on bonus
$620,000
One-time lump-sum bonus, subject to repayment conditions
Bailey performance-based RSU award
$620,000
Restricted stock award vesting in three annual installments
Bailey annual equity award recommendation
$1.1 million
Recommended recurring annual equity award, subject to approval
Key Terms
Material Definitive Agreement, Director Services Agreement, Omnibus Incentive Plan, performance-based restricted stock award, +2 more
6 terms
Material Definitive Agreement regulatory
"Item 1.01. Entry Into a Material Definitive Agreement"
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
Director Services Agreement financial
"Mr. Blunt entered into a Director Services Agreement with the Company"
Omnibus Incentive Plan financial
"annual equity award under the Company’s Amended and Restated 2022 Omnibus Incentive Plan"
An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.
performance-based restricted stock award financial
"a one-time performance-based restricted stock award with a value of $620,000"
Emerging growth company regulatory
"Emerging growth company Item 1.01."
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
strategic alternatives financial
"leading the formal process to explore strategic alternatives for Peak Altitude"
Strategic alternatives are different options a company considers to improve its value or achieve its goals, such as selling the business, merging with another company, or restructuring operations. For investors, understanding these options is important because they can significantly impact the company's future direction and its stock value, often signaling potential changes or opportunities.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): June 15, 2026
(Exact Name of Registrant as Specified in its Charter)
(Commission File Number)
(State or Other Jurisdiction of Incorporation) | (IRS Employer Identification No.) | ||||
(Address of Principal Executive Offices) ( (Registrant’s Telephone Number, Including Area Code) (Former Name or Former Address, if Changed Since Last Report) | |||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class | Trading Symbol | Name of Each Exchange on Which Registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01. Entry Into a Material Definitive Agreement
The information set forth in Item 5.02 below is incorporated herein by reference.
Item 5.02. Departure of Directors or Certain Officers: Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On June 16, 2026, F&G Annuities & Life, Inc. (NYSE: FG) (F&G or the Company), a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, announced that Chris Blunt will retire from his current role as Chief Executive Officer of F&G to focus on his roles as a Director of F&G and Chief Executive Officer of subsidiary Peak Altitude Equity, LLC (Peak Altitude). Conor Murphy, current President and Chief Financial Officer, will assume a broader role as Chief Executive Officer and President. These changes are effective June 30, 2026. Additionally, Michael Bailey will join the Company as Executive Vice President, Chief Financial Officer effective August 3, 2026, and Mark Wiltse, F&G’s Chief Accounting Officer, will serve as Interim Chief Financial Officer until August 3, 2026.
A copy of the press release announcing the Executive Leadership Transition dated June 16, 2026 is furnished as Exhibit 99.1 to this Current Report on Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
Retirement of Chris Blunt as Chief Executive Officer of F&G and continued roles as a member of F&G’s Board of Directors and as Chief Executive Officer of Peak Altitude
Chris Blunt has served as the Chief Executive Officer of F&G since 2019, after 34 years in a variety of insurance, investment management and wealth management roles. He will continue to serve as a member of the F&G Board of Directors as well as Chief Executive Officer of Peak Altitude, the Company’s owned distribution business. Mr. Blunt will focus on leading the formal process to explore strategic alternatives for Peak Altitude to further grow the business and maximize value to F&G.
In connection with Mr. Blunt’s continued role as a member of the F&G Board of Directors as well as Chief Executive Officer of Peak Altitude, effective June 30, 2026, Mr. Blunt entered into a Director Services Agreement with the Company that supersedes, in its entirety, the Employment Agreement between the Company and Mr. Blunt, dated as of February 6, 2019 (the “Prior Agreement”), which shall be terminated as of June 30, 2026. The Director Services Agreement continues at least until the Company’s 2028 annual meeting of stockholders.
During the term of the agreement, Mr. Blunt will receive 1) a standard board retainer, before deducting any applicable withholdings, and 2) is eligible to receive a standard annual equity award under the Company’s Amended and Restated 2022 Omnibus Incentive Plan (“Omnibus Plan”). For the avoidance of doubt, so long as Mr. Blunt continues to serve as a director of the Company, his outstanding equity awards under the Omnibus Plan prior to June 30, 2026 shall continue to vest in accordance with their terms.
In connection with the termination of the Prior Agreement, the Company will pay Mr. Blunt a prorated 2026 annual incentive bonus at target performance and through June 30, 2026 when calculated and paid to all other executive officers of the Company.
Appointment of Conor Murphy as Chief Executive Officer and President
Conor Murphy, F&G’s current President and Chief Financial Officer, has been appointed by the F&G Board of Directors as Chief Executive Officer and President to succeed Mr. Blunt. Mr. Murphy will serve as F&G’s principal executive officer. Mr. Murphy joined F&G in April of 2025 and has 38 years of extensive experience, including a variety of executive roles at leading insurance companies in both the U.S. and abroad.
In connection with Mr. Murphy's expanded role as Chief Executive Officer and President of the Company, effective June 30, 2026, Mr. Murphy entered into amendment No. 2 to that certain Employment Agreement dated as of April 1, 2025 (the “Agreement”), as amended on August 6, 2025, with the Company to, among other items:
1.Delete the first sentence of Section 2 of the Agreement and insert the following in lieu thereof:
Employment and Duties. Subject to the terms and conditions of this Agreement, the Company agrees to continue to employ Employee to serve as President and Chief Executive Officer, or in such other capacity as may be mutually agreed by the parties.
2.Update Section 5(c) of the agreement to replace the Employee's target Annual Bonus to effective as of July 1, 2026, 200% of Employee's base salary earnings during the performance period, with a maximum of up to two times target (collectively, the target and maximum Annual Bonus are referred to as the "Annual Bonus Opportunity"). The 2026 Annual Bonus Opportunity shall be pro-rated with an effective target payout at 150%.
3.Delete Section 5(e) of the Agreement and insert the following in lieu thereof:
Equity Participation. Employee shall be eligible to participate in the Company’s equity incentive plans. Subject to the Company’s Compensation Committee approval, Employer will recommend that Employee receive a $6.0 million 2026 equity grant at such time as when the Committee approves all other executive officer equity grants, which is expected to occur in the fourth quarter of 2026, in such form, vesting and performance criteria and other terms as provided to other Company executive executives.
Appointment of Michael Bailey as Chief Financial Officer
Michael Bailey will join the Company on August 3, 2026 as Chief Financial Officer reporting to Conor Murphy. Mr. Bailey will serve as F&G’s principal financial officer. Mr. Bailey is an experienced executive with 27 years of extensive actuarial and financial experience in the life and annuity industry.
Mr. Bailey, who is 49, most recently served as the Retail Chief Financial Officer of Corebridge Financial, Inc. where he was a key member of the leadership teams for their individual retirement, group retirement and life insurance businesses. As Retail Chief Financial Officer, he was responsible for financial reporting, capital and expense management, budgeting and forecasting, and reinsurance for the retail businesses. Concurrently, Mr. Bailey served as Chief Financial Officer of Corebridge Insurance Company of Bermuda, Ltd. Across his thirteen years at Corebridge / AIG, Mr. Bailey also held senior leadership positions both in the U.S. and internationally, serving as Chief Financial Officer of Global Life & Health and Chief Finance Actuary of Life Insurance and Employee Benefits. Prior to AIG, Mr. Bailey spent five years as Vice President and Actuary at MetLife, where he oversaw valuation and financial reporting for group insurance. He spent the first nine years of his career as a Consulting Actuary at Milliman, Inc. Mr. Bailey is a Fellow of the Society of Actuaries (FSA) and a Member of the American Academy of Actuaries (MAAA).
Mr. Bailey is not a party to any related party transactions with the Company.
F&G has entered into an employment agreement with Mr. Bailey, with an effective date of August 3, 2026 and an initial term of three years, with automatic one-year extensions beginning on the third anniversary of the effective date unless either party gives prior written notice of termination.
During the term of the agreement, Mr. Bailey will receive a minimum annual base salary of $550,000 per year, will be eligible to receive an annual incentive bonus of 100% of his annual base salary (with a maximum incentive of up to 200% of his annual incentive target), and is entitled to the benefits we provide our other employees generally. In addition, Mr. Bailey’s employment agreement provides that he will receive (1) a one-time lump-sum cash bonus in the amount of $620,000, less applicable withholding taxes, on the first regularly scheduled payroll after the effective date, subject to repayment in the event that Mr. Bailey resigns his position from the Company without Good Reason or is terminated by the Company for Cause (in each case, as such term is defined in the employment agreement) on
or before August 3, 2027, and (2) a one-time performance-based restricted stock award with a value of $620,000 under the Company’s 2022 Omnibus Incentive Plan, which award will vest in three equal annual installments beginning the first anniversary of the grant date, subject to satisfaction of a performance condition.
The employment agreement provides that Mr. Bailey will be eligible to participate in the Company’s equity incentive plans and the Company will recommend, subject to the compensation committee’s approval, that he receive an annual equity award with a value of $1.1 million on the same terms and conditions as equity incentive awards provided to other Company senior executives.
The foregoing descriptions of Mr. Blunt’s Director Services Agreement, Mr. Murphy’s Amendment No. 2 to Employment Agreement and Mr. Bailey’s Employment Agreement do not purport to be complete and are qualified in their entirety by reference to the full text of such agreements, copies of which are filed as Exhibit 10.1, 10.2 and 10.3, respectively, to this Current Report on Form 8-K, and are incorporated by reference into this Item 5.02.
Appointment of Mark Wiltse as Interim Chief Financial Officer
Mark Wiltse, F&G’s Chief Accounting Officer, has been appointed to serve as Interim Chief Financial Officer and principal financial officer effective June 30, 2026 until August 3, 2026. Mr. Wiltse is not a party to any related party transactions with the Company. Mr. Wiltse, who is 59, has served as Senior Vice President and Chief Accounting Officer of F&G since May 2020, having previously served as Vice President, Finance since joining F&G in 2016. He has more than 30 years of accounting experience in the insurance and financial services industries. Prior to F&G, Mr. Wiltse served as SVP, Chief Financial Officer at Accordia Life since 2013 where he oversaw the company’s financial management. Prior to Accordia Life, Mr. Wiltse held multiple senior finance positions at Aviva USA, CUNA Mutual Group and Nationwide Financial. Prior to Nationwide, Mr. Wiltse also served at Principal Financial Group and spent three years in the audit practice at KPMG. He is a certified public accountant (CPA-Inactive).
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit | Description | |||||||
10.1 | Director Services Agreement between Christopher Blunt and the Company, effective June 30, 2026. | |||||||
10.2 | Amendment No. 2 to Employment Agreement between Conor Murphy and the Company, effective June 30, 2026. | |||||||
10.3 | Employment Agreement between Michael Bailey and the Company, effective August 3, 2026. | |||||||
99.1 | Press release announcing F&G’s Executive Leadership Transitions, dated June 16, 2026. | |||||||
104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
F&G Annuities & Life, Inc. | |||||||||||
Date: June 16, 2026 | By: | /s/ Michael L. Gravelle | |||||||||
Name: | Michael L. Gravelle | ||||||||||
Title: | Executive Vice President, General Counsel and Corporate Secretary | ||||||||||
F&G Annuities & Life Announces Executive Leadership Transitions ~ Chris Blunt to Retire as Chief Executive Officer of F&G; Continues as Director of F&G and Chief Executive Officer of Peak Altitude ~ ~ Conor Murphy Appointed Chief Executive Officer and President ~ ~ Michael Bailey Named Chief Financial Officer Effective August 3 ~ ~ Mark Wiltse Will Serve as Interim Chief Financial Officer Until August 3 ~ Des Moines, Iowa, (June 16, 2026) – F&G Annuities & Life, Inc. (NYSE: FG) (F&G or the Company), a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, today announced that Chris Blunt will retire from his current role as Chief Executive Officer of F&G to focus on his roles as a Director of F&G and Chief Executive Officer of subsidiary Peak Altitude Equity, LLC (Peak Altitude). Conor Murphy, current President and Chief Financial Officer, will assume a broader role as Chief Executive Officer and President. These changes are effective June 30, 2026. Additionally, Michael Bailey will join the Company as Executive Vice President, Chief Financial Officer effective August 3, 2026, and Mark Wiltse, F&G’s Chief Accounting Officer, will serve as Interim Chief Financial Officer until August 3, 2026. Chris Blunt has served as the Chief Executive Officer of F&G since 2019, after 34 years in a variety of insurance, investment management and wealth management roles. He will continue to serve as a member of the F&G Board of Directors as well as Chief Executive Officer of Peak Altitude, the Company’s owned distribution business. Mr. Blunt will focus on leading the formal process to explore strategic alternatives for Peak Altitude to further grow the business and maximize value to F&G. Conor Murphy, F&G’s current President and Chief Financial Officer, has been appointed by the F&G Board of Directors as Chief Executive Officer and President to succeed Mr. Blunt. Mr. Murphy joined F&G in April of 2025 and has 38 years of extensive experience, including a variety of executive roles at leading insurance companies in both the U.S. and abroad. Michael Bailey will join the company as Chief Financial Officer reporting to Conor Murphy. Mr. Bailey is an experienced executive with 27 years of extensive actuarial and financial experience in the life and annuity industry, having most recently served as the Retail Chief Financial Officer of Corebridge Financial, Inc. William P. Foley, II, Chairman of F&G’s Board of Directors, said, “Chris Blunt has been a transformative leader having set and executed a diversified growth strategy that saw F&G nearly triple its assets under management since joining in 2019. Chris’ strategy focused on diversifying F&G’s products and distribution and expanding into capital light businesses including accretive flow reinsurance and the owned distribution strategy. Going forward, Chris will focus on leading the formal process to explore strategic alternatives for Peak Altitude to capture its significant growth opportunities and unlock that value for F&G’s shareholders.” Mr. Foley continued, “I am also pleased that Conor Murphy will transition to the role of CEO and President and continue to execute the strategic plan that Chris has initiated. Conor’s extensive experience across the insurance
industry in both the U.S. and internationally has been evident in the impact that he has made since joining the Company last year. Importantly, F&G is at an inflection point as the business further transitions into a more fee- based, higher margin and less capital intensive business which will generate steady long-term earnings growth and future enhanced returns. We believe this will have a marked impact on the Company’s valuation over time and see Conor as the right leader as we embark on the next stage of growth and value creation for our shareholders.” Chris Blunt, current CEO, commented, “Having led F&G over the last seven years through a period of rapid growth and transformative change, I have a true appreciation for what a privilege it has been to serve this great Company, and I would like to thank our team for their extraordinary efforts. I have also valued the support of Bill Foley, the Fidelity National Financial, Inc. Board of Directors and the F&G Board of Directors. I believe now is the right time for this transition and would like to thank Conor for his partnership and counsel. Conor is a trusted and highly experienced business partner, who has made a tremendous impact since joining the Company and is well positioned to take F&G forward for future growth and success. Additionally, I would like to welcome Mike Bailey to F&G. He is an outstanding addition to the team.” Conor Murphy, current President and CFO added, “I am honored to take on this expanded role and have tremendous appreciation for everything that Chris has done to lead the Company. I look forward to continuing the momentum that we have built to drive growth in assets under management with attractive and stable liabilities. We are rapidly transforming into a more fee-based, higher margin and less capital intensive business, coupled with disciplined growth in our spread-based products. This strategic shift is expected to provide strong cash generation, deliver higher returns and create long-term shareholder value in future years.” Mr. Murphy added, “I am also very excited to have Mike Bailey join the F&G executive team. Mike is a highly accomplished executive with deep financial expertise and significant experience in the life and annuity insurance industry. He is well suited to oversee our financial management as well as helping to guide our business and strategic capital allocation as we continue to focus on delivering long-term shareholder value. I would also like to thank Mark Wiltse for stepping in as Interim CFO. Mark brings deep financial management and operational expertise to guide our strong finance organization during the transition period.” About Chris Blunt Mr. Blunt joined F&G as CEO in 2019 after 34 years in a variety of insurance, investment management and marketing roles. Prior to joining F&G, 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. During his tenure at New York Life, he was the President of New York Life’s $500 billion Investment Group and previously Co-President of the Insurance and Agency Group, which included the company’s U.S. Life Operations, Seguros Monterrey, and AARP Direct business. Prior to joining New York Life, Mr. Blunt spent 16 years in a variety of senior marketing and distribution roles in the investment management industry, including Chief Marketing Officer - Americas for Merrill Lynch Investment Managers and as a Managing Director and National Sales Manager for Goldman Sachs Asset Management. Mr. Blunt currently serves as Vice Chairman of the YMCA Retirement Fund and is the Chairman of LL Global (LIMRA and LOMA) Board of Directors. He received a B.A. in history from the University of Michigan and an MBA in finance from The Wharton School at the University of Pennsylvania.
About Conor Murphy Mr. Murphy has served as President and Chief Financial Officer since August 7, 2025, having previously served as Chief Financial Officer since joining F&G on April 1, 2025. Mr. Murphy has extensive industry experience having spent 38 years in financial services, including 33 years in the insurance industry. Prior to F&G, he served three years as President and CEO of Resolution Life US. Previously, Mr. Murphy spent five years as Executive Vice President and Chief Operating Officer at Brighthouse Financial (BHF) where he oversaw the company’s operations during the transition from MetLife, as well as managing the company’s life and annuity businesses including product development, pricing and underwriting. Mr. Murphy was also responsible for BHF’s strategy and finance functions and served as interim CFO. Prior to joining BHF, Mr. Murphy held multiple senior positions at MetLife over his 17 year tenure including being MetLife’s first European CFO, as well as CFO of Latin America, CFO of Investments and Head of Investor Relations. Prior to MetLife, Mr. Murphy spent seven years in the financial services practice at PwC New York where he managed significant insurance client relationships and five years at Grant Thornton in Dublin, Ireland. He is a certified public accountant and a member of the Massachusetts Society of CPAs, and a chartered accountant and a fellow of the Institute of Chartered Accountants in Ireland. He has served on a number of industry boards, including as past president of the Association of Chartered Accountants in the United States, and is a founding trustee of Cristo Rey New York High School. About Michael Bailey Mr. Bailey is an experienced executive with 27 years of extensive actuarial and financial experience in the life and annuity industry. Mr. Bailey most recently served as the Retail Chief Financial Officer of Corebridge Financial, Inc. where he was a key member of the leadership teams for their individual retirement, group retirement and life insurance businesses. As Retail Chief Financial Officer, he was responsible for financial reporting, capital and expense management, budgeting and forecasting, and reinsurance for the retail businesses. Concurrently, Mr. Bailey served as Chief Financial Officer of Corebridge Insurance Company of Bermuda, Ltd. Across his thirteen years at Corebridge / AIG, Mr. Bailey also held senior leadership positions both in the U.S. and internationally, serving as Chief Financial Officer of Global Life & Health and Chief Finance Actuary of Life Insurance and Employee Benefits. Prior to AIG, Mr. Bailey spent five years as Vice President and Actuary at MetLife, where he oversaw valuation and financial reporting for group insurance. He spent the first nine years of his career as a Consulting Actuary at Milliman, Inc. Mr. Bailey is a Fellow of the Society of Actuaries (FSA) and a Member of the American Academy of Actuaries (MAAA).
About Mark Wiltse Mr. Wiltse has served as Senior Vice President, Chief Accounting Officer since May 2020, having previously served as Vice President, Finance since joining F&G in 2016. He has more than 30 years of accounting experience in the insurance and financial services industries. Prior to F&G, Mr. Wiltse served as SVP, Chief Financial Officer at Accordia Life since 2013 where he oversaw the company’s financial management. Prior to Accordia Life, Mr. Wiltse held multiple senior finance positions at Aviva USA, CUNA Mutual Group and Nationwide Financial. Prior to Nationwide, Mr. Wiltse also served at Principal Financial Group and spent three years in the audit practice at KPMG. He is a certified public accountant (CPA-Inactive). About F&G F&G Annuities and Life, Inc. is committed to helping Americans turn their aspirations into reality. F&G is a leading provider of insurance solutions serving retail annuity and life customers and institutional clients and is headquartered in Des Moines, Iowa. For more information, please visit fglife.com. Forward-Looking Statements This press release contains forward-looking statements that are subject to known and unknown risks and uncertainties, many of which are beyond our control. Some of the forward-looking statements can be identified by the use of terms such as “believes”, “expects”, “may”, “will”, “could”, “seeks”, “intends”, “plans”, “estimates”, “anticipates” or other comparable terms. Statements that are not historical facts, including statements regarding our expectations, hopes, intentions or strategies regarding the future are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: general economic conditions and other factors, including prevailing interest and unemployment rate levels and stock and credit market performance; natural disasters, public health crises, international tensions and conflicts, geopolitical events, terrorist acts, labor strikes, political crisis, accidents and other events; concentration in certain states for distribution of our products; the impact of interest rate fluctuations; equity market volatility or disruption; the impact of credit risk of our counterparties; changes in our assumptions and estimates regarding amortization of our deferred acquisition costs, deferred sales inducements and value of business acquired balances; regulatory changes or actions, including those relating to regulation of financial services affecting (among other things) underwriting of insurance products and regulation of the sale, underwriting and pricing of products and minimum capitalization and statutory reserve requirements for insurance companies, or the ability of our insurance subsidiaries to make cash distributions to us; and other factors discussed in “Risk Factors” and other sections of F&G's Form 10-K and other filings with the Securities and Exchange Commission (SEC).
SOURCE: F&G Annuities & Life, Inc. Contact: Lisa Foxworthy-Parker SVP of Investor & External Relations Investor.relations@fglife.com 515.330.3307