Axonic Insurance

What Axonic Insurance does

Axonic Insurance (AXI) is a New York-based annuity and insurance platform and wholly owned subsidiary of Axonic Capital, a $8.2 billion AUM alternative investment manager. Founded in 2023 and formally launched in January 2024, the company designs, distributes, issues, administers, and services fixed annuity products for individual consumers and institutions in the US and selected non-US markets. Its product suite centers on Multi-Year Guaranteed Annuities (Waypoint MYGA, Incline MYGA, Incline Advisory MYGA) and Fixed Indexed Annuities (Trailhead FIA, Trailhead FIA PLUS, HighLine FIA, HighLine FIA PLUS), with interest credits on FIAs linked to indices including the S&P 500 Dynamic Intraday TCA Index, Nasdaq-100 Volatility Control 7% Index, and DB Foresight X-Asset 10 Index.

The company operates a proprietary InsurTech platform that spans product design, distribution, issuance, and servicing, supported by three web portals (Client, Agent, International) and an integration with LexisNexis Risk Solutions for payment-related identity verification. US-issued annuities are underwritten by non-affiliated AmFirst Insurance Company (A.M. Best rated, Oklahoma-domiciled, NAIC #6025, licensed in 47 states plus DC, Puerto Rico, and BVI), while non-US annuities are underwritten by Axonic Insurance Company SPC (Cayman Islands, Class B(iii)) and AmFirst Life Insurance Company I.I. (Puerto Rico, Class 5 international insurer).

Axonic Insurance generates revenue through annuity premiums and product fees on multi-year contracts (subscription/recurring) and through business process outsourcing fees earned by Axonic Insurance Services LLC for administering US-issued annuities underwritten by AmFirst. Distribution combines independent agents, banks, broker-dealers, registered investment advisers, and credit unions across all 50 states and DC, with a strategic wholesale partnership with WealthVest spanning five US regions. The company is licensed as an insurance producer in all 50 states plus DC and has products actively available in 43 states plus DC. In October 2025 it closed a $210 million preferred equity investment led by LuminArx Capital Management with Deutsche Bank participation, and in April 2026 announced the WealthVest distribution partnership.

Name

Axonic Insurance

Legal name

Axonic Insurance Services LLC

Website

https://axonicinsurance.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

51–100 employees

Short description

Axonic Insurance (AXI) is a New York-based annuity and insurance platform and wholly owned subsidiary of Axonic Capital ($8.2B AUM) that designs, distributes, issues, and services fixed MYGA and FIA annuity products for individual consumers and institutions, distributed via independent agents, banks, broker-dealers, RIAs, and credit unions across the US.

Ownership category

akta.pro rank

Product category

Annuity and Insurance Products

NAICS

Direct Life Insurance Carriers (524113), Direct Life, Health, and Medical Insurance Carriers (52411), Insurance Carriers and Related Activities (524)

SIC

Life Insurance (6311), Insurance Carriers, Nec (6399), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Annuities & Investment-Linked Insurance Solutions (Retail) (FSAAAAAM)

akta.pro secondary industries

Embedded Insurance & Affinity Distribution Platforms (FSAGAGAL), Embedded Insurance Distribution & Premium Financing (FSAGALAF)

Keywords

• Fixed annuity products
• Multi-year guaranteed annuities
• Fixed indexed annuities
• Annuity distribution platform
• Retirement income solutions

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Annuity Product Revenue: Axonic Insurance designs, distributes, issues, and services annuity products including Multi-Year Guaranteed Annuities (MYGAs) and Fixed Indexed Annuities (FIAs). Revenue is generated through insurance premiums and product fees associated with annuity contracts issued to individual consumers and institutions.
2. Business Process Outsourcing: Axonic Insurance Services LLC acts as a business process outsourcer for US-issued annuities underwritten by AmFirst Insurance Company, generating service fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

Axonic Insurance (AXI) designs, distributes, issues, administers, and services annuity and related product solutions for individual consumers and institutions worldwide. The company operates a fully integrated model spanning product design, distribution, issuance, and servicing, offering Multi-Year Guaranteed Annuities (MYGAs) and Fixed Indexed Annuities (FIAs) issued by AmFirst Insurance Company. The platform is supported by an InsurTech product technology stack and a dedicated wholesale distribution network.

Product overview

Axonic Insurance (AXI) is an annuity and insurance platform that designs, distributes, issues, administers, and services annuity products for individual consumers and institutions globally. The product portfolio centers on two core annuity categories: Multi-Year Guaranteed Annuities (MYGAs) — including Waypoint MYGA, Incline MYGA, and Incline Advisory MYGA — offering guaranteed fixed interest rates with principal protection and tax-deferred growth; and Fixed Indexed Annuities (FIAs) — including Trailhead FIA, Trailhead FIA PLUS, HighLine FIA, and HighLine FIA PLUS — combining principal protection with index-linked growth potential using third-party indices such as the S&P 500 Dynamic Intraday TCA Index, Nasdaq-100 Volatility Control 7% Index, and DB Foresight X-Asset 10 Index. All US-issued annuities are underwritten by AmFirst Insurance Company (A.M. Best rated), while non-US annuities are serviced by affiliated underwriters including Axonic Insurance Company SPC (Cayman Islands). The platform is backed by Axonic Capital, which manages approximately $8.2 billion in AUM as of May 31, 2026.

Differentiator

Problem solved

Functional benefit

Brands

• AXI POV: Axonic Insurance's platform for sharing perspectives and commentary on industry, regulatory, and business topics for financial professionals.

Products and services

• Waypoint MYGA

Quantifiable outcome

• 5.25% guaranteed rate for 3-year MYGA term (Incline MYGA)
• +1 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• WealthVestcoreChannel Partner/ Reseller/ Distributor · 23 April 2026Strategic distribution partnership with WealthVest to offer Axonic Insurance's suite of annuity products including fixed and fixed indexed annuities to financial professionals at banks, broker-dealers, credit unions, and RIAs across the United States. WealthVest's wholesaling network spans five US regions, enabling broad market reach for products such as the Incline MYGA and HighLine FIA PLUS.
• AmFirst Insurance CompanycoreStrategic or Co-development PartnerNon-affiliated insurance carrier that underwrites US-issued annuities for Axonic Insurance. AmFirst is an Oklahoma domiciled life insurance company (NAIC #6025) with A.M. Best rating, licensed in 47 states, DC, Puerto Rico, and British Virgin Islands. Products include Waypoint MYGA, Incline MYGA, Trailhead FIA, and HighLine FIA.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Global Atlantic Financial Group: Global Atlantic offers a broad portfolio of fixed and fixed indexed annuities alongside institutional insurance solutions, distributed through financial professionals and independent agents. Direct competitor with similar target channels.
• Corebridge Financial: Corebridge Financial is one of the largest US providers of individual annuities, fixed and fixed indexed annuities, and institutional products. Direct competitor to Axonic in the MYGA and FIA category with national wholesale distribution and a significantly larger in-force book.
• Brighthouse Financial: Brighthouse Financial is a major US annuity provider offering fixed, fixed indexed, and variable annuity solutions distributed through financial advisors. Direct competitor in the retail annuity space with overlapping advisor channels.
• Sammons Financial Group: Sammons Financial Group, through subsidiaries such as North American Company for Life and Health, provides fixed and indexed annuities and life insurance distributed through independent agents and broker-dealers. Comparable mid-scale competitor in fixed annuity distribution.
• F&G Annuities & Life: F&G is a leading provider of fixed indexed annuities, multi-year guaranteed annuities, and indexed universal life insurance, distributed through independent agents and financial institutions. Closely comparable mid-scale competitor with similar product mix.
• Athene Holding: Athene is a leading retirement services company specializing in fixed annuity products (MYGAs and FIAs) with a top-tier wholesale distribution platform. Direct competitor in the same product categories served by Axonic.
• Lincoln Financial Group: Lincoln Financial offers fixed and variable annuities, life insurance, and retirement plan services distributed through financial advisors. Direct competitor in the advisor-sold annuity category with strong wholesaler presence.
• Jackson National Life Insurance: Jackson National is a leading US provider of fixed, fixed indexed, and variable annuities, distributed primarily through independent advisors and broker-dealers. Direct competitor for FIA and advisor-sold annuity flows.

Broad incumbents

• Prudential Financial: Prudential is a broad financial services incumbent offering annuities, life insurance, retirement, and investment products. Larger and more diversified player with overlapping annuity offerings distributed through financial professionals.
• New York Life Insurance: New York Life is a major mutual life insurer offering a broad range of annuities and life insurance products distributed through career agents and financial professionals. Overlaps with Axonic in retirement income and institutional annuity categories.

Market position

Strengths2 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/axonicinsuranceservices

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors2 records

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

M&A

Investments1 record

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

Frequently asked questions about Axonic Insurance