DES MOINES, Iowa - F&G Annuities & Life, Inc. (NYSE: FG), a prominent insurance solutions provider, has announced the promotion of John Currier to President, a role in which he will continue to report to CEO Chris Blunt. This move comes as part of the company's strategy to manage its growth and adapt to the evolving industry landscape.
Currier, who has over three decades of experience in the insurance sector, has been with F&G since May 2015, starting as Deputy Chief Actuary before advancing to Chief Actuary in October 2016. He was later promoted to Chief Actuary and Chief Product Officer in March 2019.
In his new position, Currier will maintain his responsibilities over the Retail Markets business unit, overseeing sales, operations, marketing, and management of new and existing business.
CEO Chris Blunt praised Currier's contributions to the company, stating, "John has been an invaluable member of our team having demonstrated exceptional leadership, strategic vision, and a deep understanding of our industry." Blunt expressed confidence in Currier's ability to lead the day-to-day operations, allowing him to focus on strategic initiatives and the company's growth trajectory.
Currier's industry experience is extensive, with previous roles including EVP & Chief Actuary of Aviva (LON:AV) USA, Chief Product Officer for AmerUs Group, and Chief Actuary for Life Companies of Farm Bureau Financial Services.
The company is headquartered in Des Moines, Iowa, and is known for its commitment to helping Americans achieve their financial goals.
The information for this article is based on a press release statement.
InvestingPro Insights
Amidst the strategic leadership changes at F&G Annuities & Life, Inc. (NYSE: FG), the company's financial standing offers a compelling narrative. With a market capitalization of 5.13 billion USD, F&G exhibits stability in the insurance sector. The company's robust revenue growth is particularly noteworthy, having surged by an impressive 109.48% over the last twelve months as of Q1 2024. This growth is indicative of the firm's expanding market presence and operational success.
Investors may also find encouragement in the company's earnings strength. F&G's P/E ratio stands at 20.28, suggesting that the company's earnings are valued at a reasonable level in the market. Moreover, this valuation is reinforced by the InvestingPro Tips, which highlight that F&G's net income is expected to grow this year, and analysts predict the company will be profitable this year, a testament to its financial health and potential for continued growth.
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