Global Atlantic is the fastest growing company in annuity industry over last 5 years

NEW YORK — Global Atlantic Financial Group, a retirement and life insurer focused on the U.S. market, is the fastest growing company in the annuity industry over the last five-year period, based on LIMRA participant reports. No other company with at least $250 million in sales grew faster from the start of 2012 to year-end 2016.

Global Atlantic first broke the $1 billion mark in 2012 with $1.3 billion in sales, and annual sales grew each year, reaching $5.6 billion in 2016. During this time, sales grew by an annual average of 62%. Global Atlantic’s annuities are distributed through approximately 200 banks and broker-dealers, as well as select independent marketing organizations, covering about half of the overall annuity marketplace.

“The fact that we’ve experienced this growth in the early stages of our market penetration is a testament to the quality of the distribution relationships we have forged,” said Paula Nelson, Head of Retirement Distribution. “We appreciate our distribution partners and the mutually meaningful relationships we’ve developed.”

Global Atlantic first began selling individual annuities in 2011, then bolstered its platform in 2013 with the acquisition of Forethought Life Insurance Company. Since then, Global Atlantic has both expanded its distribution footprint and rounded out one of the most comprehensive annuity portfolios in the industry. This complete range of annuity options facilitates a strategy-based distribution approach that seeks to align each client’s objectives with an approach using the most appropriate product for the specific situation.

About Global Atlantic Financial Group
Global Atlantic Financial Group, through its subsidiaries, offers a broad range of retirement, life and reinsurance products designed to help our customers address financial challenges with confidence. A variety of options help Americans customize a strategy to fulfill their protection, accumulation, income, wealth transfer and end-of-life needs.

Global Atlantic was founded at Goldman Sachs in 2004 and separated as an independent company in 2013. Its success is driven by a unique heritage that combines deep product and distribution knowledge with leading investment and risk management capabilities, alongside a strong financial foundation.

###

Global Atlantic Financial Group (Global Atlantic) is the marketing name for Global Atlantic Financial Group Limited and its subsidiaries, including Accordia Life and Annuity Company, Commonwealth Annuity and Life Insurance Company, Forethought Life Insurance Company and Global Atlantic Re Limited. Each subsidiary is responsible for its own financial and contractual obligations.

Annuities are issued by Forethought Life Insurance Company, 10 West Market Street, Suite 2300, Indianapolis, IN. Variable annuities are underwritten and distributed by Global Atlantic Distributors, LLC.

C5113 (8/17) 1878292.1