FG · CIK 0001934850
What F&G Annuities & Life, Inc. told the SEC could break it.
1 self-disclosed vulnerability, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
A limited set so far, we surface every cited disclosure we’ve extracted for FG. More may follow as additional filings are processed.
In its own words
What could break it.
Sole-source dependency
- Near-exclusive reliance on Blackstone (BIS) for investment managementhigh
F&G relies on investment management advisory agreements with Blackstone ISG-I Advisors LLC (BIS) to manage portions of its insurance investment portfolios, under a side letter requiring its insurance subsidiaries to engage BIS and generally not engage any other investment manager (initial term through 2029) — concentrating a critical function in a single named manager.
“required to cause our insurance subsidiaries to engage BIS as an investment manager and to generally not engage any other person as an investment manager. See also “Risk Factors—Risks Relating to Our Business— We rely on our investment management advisory agreements with BIS and other investment managers and sub-managers for the management of portions of certain of our life insurance companies' investment portfolios.””
SEC filing →As of 2026
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings, including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its suppliers
Blackstone ISG-I Advisors LLC (BIS), a Blackstone Inc. subsidiary
“We rely on our investment management advisory agreements (“IMA”) with Blackstone ISG-I Advisors LLC (“BIS”) and other investment managers and sub-managers for the management of portions of certain of our life insurance companies' investment portfolios.”
Cited →
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