Global Atlantic

What Global Atlantic does

Global Atlantic is a U.S. life and annuity insurance platform that designs, prices, and distributes retirement income and accumulation products to individual consumers and provides capital, risk, and in-force management solutions to institutional clients. Founded in 2004 and headquartered in Atlanta, the company operates through U.S. insurance subsidiaries (Forethought Life Insurance Company, Accordia Life and Annuity Company, Commonwealth Annuity and Life Insurance Company, First Allmerica Financial Life Insurance Company) and Bermuda-based reinsurance entities (Global Atlantic Re Limited, Global Atlantic Assurance Limited), with principal offices in Indianapolis, Des Moines, Brighton, and Hamilton. The retail product shelf spans fixed annuities (SecureFore, SecureFore II, ForeCare), fixed index annuities (ForeAccumulation II, ForeIncome II, Income 150+ SE), a registered index-linked annuity (ForeStructured Growth II), an income annuity (ForeCertain), and a variable annuity (ForeInvestors Choice), with proprietary crediting strategies, guaranteed lifetime withdrawal benefits, and built-in income enhancement for ADL limitations. The institutional business delivers block reinsurance, flow reinsurance, and pension risk transfer (PRT) to life and annuity companies and pension plan sponsors, supported by a Bermuda platform and a U.S. PRT capability through Commonwealth and First Allmerica.

The company has grown to $240 billion in total GAAP assets as of June 30, 2025, with $140 billion completed in global block reinsurance since inception and 3.5 million Americans served across institutional blocks and individual sales. Global Atlantic became a wholly-owned subsidiary of KKR in January 2024, giving it access to KKR's $740B+ AUM platform, differentiated private credit and alternative investment capabilities, and a 75-150 basis point structural cost-of-capital advantage relative to PE-backed direct lenders. Revenue is generated through annuity premiums, reinsurance premiums and fees, insurance management fees (including general agency revenues from distribution partnerships), and investment income on insurance liabilities deployed across KKR's investment platform. The individual segment is served through licensed financial professionals and embedded distribution partners (notably Service Corporation International's approximately 2,000 funeral locations), while institutional clients are served through direct enterprise sales relationships. Recent strategic actions include the $2 billion Japan Post Insurance capital partnership (July 2025), the expanded Capital Group strategic partnership covering Target Date Funds, public-private model portfolios, and an early-2026 public-private U.S. equity fund (December 2025), and the SecureFore II product launch (April 2026).

Name

Global Atlantic

Legal name

The Global Atlantic Financial Group LLC

Website

https://globalatlantic.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Global Atlantic is a KKR-owned life and annuity insurer offering retail annuities (fixed, FIA, RILA, income, variable) and institutional reinsurance and pension risk transfer, serving 3.5 million Americans and managing $240 billion in GAAP assets as of mid-2025.

Ownership category

akta.pro rank

Product category

Life Insurance & Annuities

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers and Related Activities (524), Insurance Agencies and Brokerages (524210), Insurance Carriers (5241)

SIC

Fire, Marine & Casualty Insurance (6331), Life Insurance (6311), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Commercial Lines P&C Reinsurance (FSAOABAB)

Keywords

• Annuity products
• Pension risk transfer
• Life reinsurance
• Retirement income
• Fixed index annuities

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Annuity Premiums: Global Atlantic issues fixed annuities, fixed index annuities, registered index-linked annuities, income annuities, and variable annuities. Revenue is generated through premium payments from individual consumers who purchase these products for retirement planning purposes.
2. Reinsurance Premiums: The institutional business provides capital, risk, and in-force management solutions for retirement and life insurance companies through block reinsurance, flow reinsurance, and pension risk transfer (PRT) reinsurance. Revenue comes from reinsurance premiums and fees for risk management services.
3. Insurance Management Fees: Revenue generated through managing annuity and life insurance portfolios, including general agency revenues from insurance partnerships such as the transition of Service Corporation International's insurance partner to Global Atlantic, which increased general agency revenue margins from high 20s to mid-30s.
4. Investment Income: As a subsidiary of KKR, Global Atlantic benefits from KKR's investment expertise, deploying insurance liabilities into higher-yielding private credit and alternative assets to generate investment returns.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Global Atlantic is a financial services company that issues annuities, life insurance, and long-term care products to individual consumers for retirement accumulation, income, protection, and legacy planning. It also provides institutional services including block reinsurance, flow reinsurance, and pension risk transfer to life insurance companies and pension plan sponsors. All retail insurance products are issued through wholly-owned U.S. insurance subsidiaries (Forethought Life Insurance Company, Accordia Life and Annuity Company, Commonwealth Annuity and Life Insurance Company) and Bermuda-based reinsurance entities.

Product overview

Global Atlantic is a financial services company offering a comprehensive portfolio of annuity and insurance products for individuals and institutional clients. The product lineup includes Fixed Annuities (SecureFore, SecureFore II), Fixed Index Annuities (ForeAccumulation II, ForeIncome II, Income 150+ SE), Registered Index-Linked Annuities (ForeStructured Growth II), Income Annuities (ForeCertain), Variable Annuities (ForeInvestors Choice), and Fixed Annuities with LTC Benefits (ForeCare). For institutions, Global Atlantic provides Reinsurance (block and flow) and Pension Risk Transfer services. All retail products are issued through subsidiaries including Forethought Life Insurance Company, Accordia Life and Annuity Company, and Commonwealth Annuity and Life Insurance Company. The company operates as a wholly-owned subsidiary of KKR following the January 2024 acquisition.

Differentiator

Problem solved

Functional benefit

Brands

• ForeAccumulation II: Fixed index annuity offering growth potential with no market losses and optional Enhanced Death Benefit
• ForeIncome II
• Income 150+ SE
• ForeCare
• SecureFore
• SecureFore II
• ForeCertain
• ForeStructured Growth II
• ForeInvestors Choice

Products and services

• SecureFore Fixed annuity providing steady, guaranteed growth with competitive fixed rates for 3, 5, or 7 year periods, with tax-deferred growth and no recurring fees. Issued for individual consumers planning for retirement accumulation.
• SecureFore II Multi-Year Guaranteed Annuity with Market Value Adjustment (MVA) offering locked-in guaranteed growth during Withdrawal Charge Periods of 3, 5, or 7 years, with Chronic and Critical Illness Waivers. Designed for individual consumers seeking fixed-rate accumulation.
• ForeAccumulation II Fixed index annuity offering growth potential with no market losses, featuring optional Enhanced Death Benefit for guaranteed growth of legacy. For individual consumers seeking accumulation with market-linked upside and downside protection.
• ForeIncome II Fixed index annuity designed to build a guaranteed lifetime income 'paycheck' with two Withdrawal Base growth options: Guaranteed Income Builder Benefit and Income Multiplier Benefit. Both provide lifetime income that cannot be outlived with optional spouse continuation.
• Income 150+ SE Fixed index annuity helping build a guaranteed lifetime income strategy that changes with the policyholder, with early Withdrawal Base growth boosts and added boosts for delayed income, plus an Income Enhancement Benefit for ADL limitations.
• ForeStructured Growth II Registered index-linked annuity (RILA) providing growth potential with protection features, offering index-linked performance through caps, participation, or trigger rates, dual directional strategies, and buffer/floor protection from losses.
• ForeCertain Income annuity converting savings into a guaranteed retirement 'paycheck' with flexible options for income timing, duration, and single or joint annuitant coverage. Issued for individual consumers seeking immediate or deferred lifetime income.
• ForeInvestors Choice Flexible premium variable annuity providing personalized, tax-deferred growth potential with access to nearly 100 investment options and optional benefits. For individual consumers seeking market-linked growth potential within a tax-deferred wrapper.
• ForeCare Fixed annuity with long-term care (LTC) benefits that doubles or triples the contract value for qualified LTC expenses, with no medical exam required. Standard and premier tiers available based on underwriting eligibility.
• Preneed Life Insurance Life insurance product helping cover funeral expenses and minimize family obligations, with the benefit payable directly to the funeral provider. Distributed through funeral homes including Service Corporation International.
• Block Reinsurance Capital release and risk management solution for retirement and life insurance companies, including monetization of embedded value, management of investment and policyholder behavior risks, and acquisition financing. 20+ years of experience with $140 billion completed in global block reinsurance since inception.
• Flow Reinsurance Reinsurance solutions enabling enhanced policyholder rates to drive sales, improved product returns, and maintained presence in distribution channels for life and annuity carriers.
• Pension Risk Transfer (PRT) Solution for transferring defined benefit pension obligations from plan sponsors to Global Atlantic via group annuity contracts issued through Commonwealth Annuity and Life Insurance Company or First Allmerica Financial Life Insurance Company, providing capital, risk management, and financial strength expertise.

Quantifiable outcome

• 28% of first-wave Gen Xers (ages 55-60) report being extremely or very concerned about outliving savings (vs 14% Boomers)
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Capital GroupcoreStrategic or Co-development Partner · 3 December 2025Capital Group and KKR expanded their strategic partnership to develop integrated retirement and wealth solutions, including a Target Date Fund Solution for defined contribution plans, Public-Private Model Portfolios, and collaboration on insurance asset management through KKR's Global Atlantic subsidiary. A public-private U.S. equity fund is expected to launch in early 2026. The partnership aims to broaden retail investor access to private market investments.
• Service Corporation International (SCI)coreChannel Partner/ Reseller/ DistributorSCI, North America's largest funeral and cemetery operator, transitioned its insurance partner to Global Atlantic. This partnership increased SCI's general agency revenue margins from high 20s to mid-30s and provides funeral planning solutions through Global Atlantic's preneed life insurance products.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Athene Holding: Athene is the leading PE-backed retirement services platform, wholly owned by Apollo Global Management. Like Global Atlantic, Athene underwrites fixed, indexed, and registered index-linked annuities and provides reinsurance and pension risk transfer — making it the most direct comparable in business model, product mix, and capital structure.
• Brookfield Reinsurance: Brookfield Reinsurance (now Brookfield Asset Management's insurance arm) is a direct competitor providing annuity solutions, reinsurance, and pension risk transfer, backed by Brookfield's alternative investment platform. The PE-owned insurance-float model mirrors Global Atlantic's KKR-backed structure.
• Corebridge Financial: Corebridge Financial is one of the largest US providers of individual retirement and life insurance products, including fixed and variable annuities, group retirement, and institutional pension risk transfer. It competes directly with Global Atlantic across FIA, RILA, income annuity, and PRT categories.
• Brighthouse Financial: Brighthouse Financial is a major US annuity provider offering variable, fixed index, and shielded (RILA) annuities, with a strong institutional pension risk transfer franchise. Its product breadth and channel strategy make it a close direct competitor to Global Atlantic in both retail and institutional segments.
• F&G Annuities & Life:

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/global-atlantic-financial-group
• Facebookfacebook.com/profile.php

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries7 records

Funding overview

Funding rounds4 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments10 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Global Atlantic