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Forethought starts new era poised for success

Forethought has taken a logical next step in our growth and evolution. Thanks to our ability to deliver premier products for America’s retiree market, our annuity business is gaining momentum and reinvigorating the annuity marketplace while our life business remains among the leaders in preneed life insurance. Our success caught the eye of Global Atlantic Financial Group. Through conversations, both companies realized that the complementary alignment of our organizations’ capabilities presented a rare opportunity to come together and create a leading life and annuity company. 

As a result, on September 26, 2013, Global Atlantic agreed to acquire 100% of Forethought Financial Group. The additive nature of this transaction became a logical next chapter in our evolution as a company. With Global Atlantic by our side, we will have even greater capital strength and scale, as well as enhanced investment and risk management expertise, to support our significant growth plans. 

In return, Global Atlantic gains immediate product, distribution and marketing capabilities, as well as the intellectual talent, to significantly expand their retail annuity business. Forethought’s preneed insurance also provides an additional dimension to Global Atlantic’s life insurance offerings acquired earlier this year from Aviva USA. 

Global Atlantic is a multiline insurance and reinsurance company founded in 2004 at Goldman Sachs and separated as a private, independent company in 2013. Global Atlantic will have over $31 billion in assets upon the close of the Aviva USA Life (expected in early October) and Forethought Financial Group transactions, and its subsidiaries carry an A- rating from both AM Best (4th of 16 ratings) and S&P (7th of 21 ratings). They are a well-balanced organization that is positioned for future success.

As a subsidiary of Global Atlantic, we will continue to issue products under the Forethought name and brand. As a result, there will be no changes to current products, distribution or service. All service and sales contact information, as well as new business submission procedures, remain the same. In short, it is “business as usual”.

Click here to see the press release

“Forethought” is Forethought Financial Group, Inc. and its subsidiaries. Annuities are issued by Forethought Life Insurance Company. Variable annuities are underwritten and distributed by Forethought Distributors, LLC.

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