The issuer behind the guarantee.
An annuity guarantee is a promise from one company, sometimes lasting forty years. The product matters less than the balance sheet standing behind it.
| AM Best rating | A (Excellent) |
|---|---|
| Rating history | Upgraded from A- (Excellent), January 2024 |
| Majority owner | Fidelity National Financial (FNF) |
| Issuing companies | Fidelity & Guaranty Life; F&G of New York |
| Focus | Fixed indexed annuities and MYGAs |
| Listed | NYSE: FG |
Checked against public sources on 19 August 2026. Ratings change without notice — a rating without a date is not a rating.
Three things to understand about F&G.
The 2024 upgrade is a positive signal worth exactly one notch
AM Best moved F&G's operating companies from A- to A in January 2024 — agencies upgrade reluctantly, so the direction is meaningful. It also means F&G spent recent years at A-, and its pricing culture comes from competing in that tier. You get a slightly stronger balance sheet than its rate positioning implies, which is a reasonable deal.
Do not confuse the Fidelitys
F&G is Fidelity & Guaranty Life, majority-owned by Fidelity National Financial, the title insurance group. It has no connection to Fidelity Investments, the brokerage. The similarity causes genuine confusion in search results and sales conversations alike, and it is worth being certain which company's rating and ownership you are actually reading about.
Rate-led FIA lineups earn the standard FIA scrutiny
F&G competes on caps, participation rates, and premium bonuses. All the usual questions apply with extra weight: the guaranteed minimum crediting terms, the bonus recapture schedule if a bonus is present, and the renewal-rate history if your agent can produce it. Competitive first-year terms are how this segment sells; the guaranteed floors are what you own.
How to read any carrier.
Palm Wealth Capital publishes independent annuity research and education. No carrier pays for placement on this site. Nothing here is individualized investment, tax, or legal advice, and no page on this site is a recommendation to buy or avoid any contract. Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurance company.
Holding a F&G contract — or being shown one?
Send the illustration or statement. We will check F&G’s current AM Best rating and outlook against the date on this page, read the surrender schedule and any market value adjustment, price the riders, and tell you what the guaranteed terms are rather than the illustrated ones. If the answer is that you don’t need it, that is the answer you get — there is nothing here for us to sell you.
Carriers buyers weigh against this one.
Evaluating an indexed contract from this carrier? Start with how participation rates, caps, and spreads work — the three numbers that decide what any index year actually credits.