F&G, a leading provider of annuities and life insurance based in Des Moines, reported operating results for the fourth quarter of 2020 as part of the quarterly earnings report of its parent company, Fidelity National Financial Inc. (FNF). Fidelity & Guaranty Life Insurance Co. reported total retail annuity sales of $1.31 billion in the fourth quarter, a 42% increase from the prior year and an increase of 23% from the sequential quarter. Fixed indexed annuities sales were $947 million in the fourth quarter, up 19% from fourth quarter 2019 and up 16% percent from third quarter 2020. FNF, based in Jacksonville, Fla., and the largest U.S. title insurance company, completed its acquisition of FGL Holdings, former parent of F&G, in June 2020. F&G is gaining momentum in the newly entered bank and broker dealer channel, generating $500 million of channel sales since its launch on July 1, FNF Chairman William Foley II said in an earnings release. “The credit rating upgrade that F&G has enjoyed as a result of the acquisition by FNF has opened additional large market opportunities,” he said. “Expansion into institutional products, including the pension risk transfer market, will also be an area of strategic focus for F&G in 2021. We expect F&G’s next phase of growth to benefit from leveraging FNF’s expertise in capital allocation, value creation and strategic oversight.” FNF reported total revenue of about $3.8 billion in the fourth quarter, versus $2.4 billion in the fourth quarter of 2019. F&G has 245 local full-time employees in Des Moines, according to the 2021 Book of Lists.