Conor and Wendy in front of window together with a blurred cityscape behind them

أب·­µ¼؛½ Annuities & Life Announces Chief Financial Officer Transition

Wendy Young to Assume Role as Chief Liability Officer
Conor Murphy Appointed Chief Financial Officer
Posted:
Feb. 20, 2025

DES MOINES, Feb. 20, 2025 أب·­µ¼؛½ Annuities & Life, Inc. (NYSE: FG) (أب·­µ¼؛½ or the Company) a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, today announced that Wendy Young will transition from her Chief Financial Officer role on April 1, 2025 to become أب·­µ¼؛½'s Chief Liability Officer, a newly created position. In conjunction with this transition, the Company has appointed Conor Murphy as its new Chief Financial Officer, effective April 1, 2025.

Chris Blunt, Chief Executive Officer of أب·­µ¼؛½, commented, "Over the last five years we have experienced phenomenal growth having more than doubled our assets under management as we diversified our products and distribution, while also expanding our business model to include accretive flow reinsurance and our owned distribution strategy. Critical to our ongoing success and execution is ensuring that we have the people in place to effectively manage our growth as we continue to scale our Company. As a result, we are evolving our organizational structure and have appointed Wendy Young to a newly created position where she will lead all aspects of أب·­µ¼؛½'s liability management, reinsurance activities and our offshore entities. Wendy's deep knowledge of أب·­µ¼؛½ as well as her prior work as CEO of our Bermuda business makes her the ideal executive to assume this role. I am grateful that Wendy has agreed to lead this effort given its importance to our long-term success."

Mr. Blunt continued, "I am also very pleased to welcome Conor Murphy to أب·­µ¼؛½ as our next Chief Financial Officer. Conor brings extensive experience having held a variety of executive roles at industry leading insurance companies. Conor's experience is a perfect match for our newly defined Chief Financial Officer role which will oversee our financial management as well as helping to guide our business and strategic capital allocation as we continue to scale our Company to maximize our profitability and return on equity and deliver long-term shareholder value."

Mr. Blunt concluded, "As you can see, these are two very important roles that will report to me and require two uniquely qualified executives. I look forward to partnering with Wendy and Conor as they step into these positions and am thankful to have such an accomplished team as we continue to build an industry leading business."

Mr. Murphy is an experienced executive with extensive industry experience having previously served as President and CEO of Resolution Life US. Prior to Resolution Life, 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 including serving 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. Prior to MetLife, Mr. Murphy spent seven years in the financial services practice at PwC where he managed significant insurance client relationships.

About أب·­µ¼؛½

أب·­µ¼؛½ is part of the FNF family of companies. أب·­µ¼؛½ is committed to helping Americans turn their aspirations into reality. أب·­µ¼؛½ is a leading provider of annuity and life insurance products and is headquartered in Des Moines, Iowa. For more information, please visit fglife.com.

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"أب·­µ¼؛½" is the marketing name for Fidelity & Guaranty Life Insurance Company issuing insurance in the United States outside of New York. Life insurance and annuities issued by Fidelity & Guaranty Life Insurance Company, Des Moines, IA.
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