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Global Atlantic Financial Group

Annuities and life insurance for institutions

Overview

Global Atlantic Financial Group provides capital solutions and risk-management services to global retirement and life insurance companies. Its offerings include annuities and other insurance products issued by its affiliates and distributed through its network, backed by long-term institutional partnerships. The company earns revenue from fees, premiums, and by managing investments and risk for its clients. Unlike many competitors, Global Atlantic emphasizes a client-centric approach that tailors strategies to each insurer’s financial goals and emphasizes integrity and community. Its aim is to help partner insurers meet current obligations and pursue new business by delivering practical, institution-focused financial solutions and risk management.

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About Global Atlantic Financial Group

Simplify's Rating
Why Global Atlantic Financial Group is rated
C+
Rated B on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Quantitative FinanceFinancial Services

Company Size

1,001-5,000

Company Stage

Acquired

Total Funding

$1B

Headquarters

New York City, New York

Founded

2004

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What believers are saying

  • Japan Post invested $2 billion into a Global Atlantic vehicle in 2026.
  • Barron’s included Global Atlantic in its July 27, 2026 100 Best Annuities Guide.
  • The company keeps adding distributors, including Dan Farrelly for IMO and IBD channels in 2026.

What critics are saying

  • KKR said Global Atlantic earnings fell 24% in third quarter 2026 from actuarial charges.
  • The $3 billion revolving facility matures January 15, 2027, forcing renewal under market stress.
  • Annuity spreads compress if higher claims, lower reinvestment yields, or lapse shocks hit simultaneously.

What makes Global Atlantic Financial Group unique

  • KKR-backed balance sheet pairs insurance liabilities with private-credit investment expertise.
  • Global Atlantic launched ForeLifetime Income on September 21, 2026, broadening retirement income offerings.
  • Its reinsurance and pension-risk transfer platform spans Forethought, Commonwealth, and Global Atlantic Re.

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Funding

Total Funding

$1B

Above

Industry Average

Funded Over

2 Rounds

Buyout funding comparison data is currently unavailable. We're working to provide this information soon!
Buyout Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Life Insurance
  • Disability Insurance
  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Mental Health Support
  • Wellness Program
  • Flexible Work Hours
  • Hybrid Work Options

Company News

MLQ AI
Nov 9th, 2026
KKR posts record $1.78 adjusted earnings per share as fee earnings rise 27% and infrastructure drives payouts.

KKR posts record $1.78 adjusted earnings per share as fee earnings rise 27% and infrastructure drives payouts. Key points * Adjusted net income rose 29% to $1.65 billion, or a record $1.78 per adjusted share, from $1.41 [[1]]. * Fee-related earnings rose 27% to $1.3 billion ($1.42 per adjusted share); GAAP net income to common rose to $1.12 billion, or $1.19 a diluted share, from $860 million [[1]]. * AUM rose 11% to $804 billion; KKR raised $25 billion in the quarter and expects to return more than $40 billion to clients in 2026 [[1]]. * Infrastructure drove carried interest; Global Infrastructure V closed at $19.2 billion, KKR's largest infrastructure fund [[1]]. KKR reported record third-quarter adjusted net income of $1.65 billion on Monday, up 29% from a year earlier, or $1.78 per adjusted share against $1.41 [[1]]. Fee-related earnings rose 27% to $1.3 billion, or $1.42 per adjusted share, and total operating earnings rose 25% to $1.7 billion. KKR said the per-share figures for all three measures were records for it as a public company, both for the quarter and the trailing 12 months [[1]]. On a GAAP basis, net income attributable to common stockholders rose to $1.12 billion, or $1.19 a diluted share, from $860 million, or $0.90 [[1]]. GAAP revenue fell 17% to $4.56 billion because insurance revenue at Global Atlantic dropped to $2.8 billion from $3.8 billion [[1]]. Cash going back to clients. "We continue to monetize investments and return capital to our clients at record levels," co-CEOs Joseph Bae and Scott Nuttall said. They added that KKR expects to return more than $40 billion to clients in 2026, beating its previous annual record by more than 50% [[1]]. KKR also announced in August that it is selling USI Insurance Services, its first Core Private Equity investment. Subject to closing in the fourth quarter, it expects the sale to generate about $2.0 billion of adjusted net income, or more than $2.00 a share, in fourth-quarter results [[1]]. The board added $500 million to the buyback program on Nov. 6 [[1]]. Infrastructure, including digital, leads. Infrastructure was the busiest part of the real assets business. Carried interest in the quarter was driven by infrastructure, and the infrastructure portfolio returned 9% over the trailing 12 months [[1]]. New infrastructure money came from several strategies, including K-Series Infrastructure, Helix Digital Infrastructure, Asia Infrastructure III and Global Infrastructure V. Global Infrastructure V held its final close in August at $19.2 billion [[1]]. Real assets deployed $8 billion in the quarter, mostly in core infrastructure and North American real estate equity [[1]]. The release does not break out data center investments. Across the firm, AUM rose 11% to $804 billion and fee-paying AUM to $648 billion. KKR raised $25 billion of new capital in the quarter ($116 billion over 12 months) and invested $20 billion [[1]]. The numbers. Quarterly results, from KKR's releases, with GAAP history checked against MLQ's SEC-derived financials [[1]] [[2]] [[3]]: | Quarter | GAAP revenue | GAAP net income to common | GAAP EPS (diluted) | Adjusted net income | ANI per adj. share | FRE per adj. share | | Q3 2025 | $5,526M | $860M | $0.90 | $1,274M | $1.41 | $1.15 | | Q2 2026 | $5,726M | $660M | $0.70 | $1,493M | $1.63 | $1.32 | | Q3 2026 | $4,564M | $1,121M | $1.19 | $1,645M | $1.78 | $1.42 | Companies mentioned. At the intersection of AI, tech, and markets. The stories that matter, in one email. Free - unsubscribe anytime.

Yahoo Finance
Nov 9th, 2026
KKR triples 'mini Berkshire' profit to top Wall Street estimates.

KKR triples 'mini Berkshire' profit to top Wall Street estimates. (Bloomberg) - KKR & Co. reported a third-quarter profit that beat analysts' estimates as the "mini Berkshire" unit that holds long-term private equity bets mitigated a slump at its Global Atlantic insurance arm. Earnings at KKR's Strategic Holdings unit, modeled on Berkshire Hathaway Inc., more than tripled from a year earlier to $191.6 million as the portfolio generated more dividends, according to a statement Monday. Global Atlantic's earnings tumbled 24%, driven by a $26 million charge from its annual actuarial review, and costs at the insurance unit grew faster than investment income. Last year, the unit recorded a $41 million benefit. Adjusted net income, KKR's key profit metric, climbed 29% to $1.65 billion, or $1.78 a share, beating the $1.57 average estimate of analysts in a Bloomberg survey. Fee-related earnings rose 27% to $1.32 billion, also topping Wall Street predictions. KKR, led by Co-Chief Executive Officers Joe Bae and Scott Nuttall, expects to return more than $40 billion to clients this year, exceeding its prior record by more than 50%, according to the statement. From June 30 through Nov. 4, KKR spent $567 million to repurchase 6.2 million shares at an average price of $92. It authorized an additional $500 million of stock buybacks last week. Shares of KKR have slumped 24% this year amid concerns about private credit and the industry's ability to sell assets and return cash to investors. In August, KKR reached a deal to sell USI Insurance Services out of Strategic Holdings for $17 billion. That transaction, expected to be completed before year-end, will add $2 billion, or more than $2 a share, to fourth-quarter adjusted net income, the company said. Strategic Holdings, which holds 19 companies, is a key part of KKR's long-term growth strategy, and the firm said it expects the unit to generate more than $350 million of earnings in 2026, up from about $232 million last year. Assets under management increased 11% during the third quarter to $804 billion, shy of the $814.8 billion Wall Street consensus. KKR took in $25 billion of capital during the period and invested $20 billion. Total operating earnings gained 25% to $1.74 billion, also beating estimates.

Reinsurance News
Sep 29th, 2026
Global Atlantic appoints Dan Farrelly as Head of IMO and IBD Channels.

Global Atlantic appoints Dan Farrelly as Head of IMO and IBD Channels. Global Atlantic, a provider of retirement security and investment solutions and a wholly-owned subsidiary of KKR, has announced the appointment of Dan Farrelly as Head of Independent Marketing Organization (IMO) and Independent Broker-Dealer (IBD) Channels. Based in New York City, Farrelly will lead Global Atlantic's relationships across the IMO and IBD channels, working closely with distribution partners to identify opportunities for growth and expand access to Global Atlantic's retirement strategies. He brings more than two decades of experience in annuity distribution across bank, broker-dealer and IMO channels. Farrelly joins Global Atlantic from Prosperity Life, where he served as SVP, Head of Annuity Distribution. Prior to that, he served as SVP, Head of Financial Institutions Channel at F&G, where he led annuity distribution for F&G's bank and broker-dealer channels. Earlier in his career, Farrelly held roles at Athene USA and Fidelity & Guaranty Life, as well as AXA Equitable. Emily LeMay and Jason Bickler, Co-Heads of Individual Markets at Global Atlantic, said, "Dan brings deep experience building and leading distribution businesses and a strong understanding of the IMO and IBD channels. "As we continue to grow our Individual Markets business, Dan's experience will be valuable as we expand our presence across these channels and support our distribution partners. We're pleased to welcome him to the team and know his leadership will be an asset as we continue to strengthen our capabilities and deliver greater value to our distribution partners and policyholders." "I'm excited to join Global Atlantic at an important time for the IMO and IBD channels," said Farrelly. "The opportunity across independent distribution is incredibly compelling, and Global Atlantic brings the insurance expertise, retirement focus and commitment to innovation to make a real difference for our partners and their clients. We can bring new ideas and differentiated offerings to the market, deepen our partnerships and grow together."

IACPA
Sep 29th, 2026
Pierson receives 2026 Outstanding CPA in Business and Industry Award.

Pierson receives 2026 Outstanding CPA in Business and Industry Award. September 29, 2026 The Iowa Society of CPAs is proud to recognize Denise Pierson, CPA, as the recipient of the 2026 Outstanding CPA in Business and Industry Award. The award recognizes a business and industry member whose achievements help promote the CPA designation as the definitive professional credential for financial managers in business, industry, education and government. Denise serves as enterprise risk management director at Federal Home Loan Bank of Des Moines, where she has played an important role in strengthening the bank's Sarbanes-Oxley program, leading internal audit and regulatory remediation efforts and building greater structure and governance around risk and controls. In 2025, Denise assumed leadership of the bank's enterprise risk management function, overseeing operational risk, information security risk, SOX compliance, assurance testing and regulatory relations. Known for her collaborative, solutions-focused approach, she has built strong partnerships throughout the organization while helping maintain a robust risk and control environment. Her leadership has contributed to successful regulatory engagements and positive audit results. Before joining Federal Home Loan Bank of Des Moines in 2020, Denise held leadership roles in accounting and finance at Principal Financial Group, Telligen and Global Atlantic. Her impact extends well beyond her professional responsibilities. An ISCPA member since 1990, Denise has devoted decades of service to the CPA profession through numerous committees, task forces and leadership roles. She served on the ISCPA Board of Directors from 2015 to 2021 and has been involved with the Iowa CPA Education Foundation, Family and Workplace Issues Committee, Career Awareness Committee, Membership Committee, Insurance Industry Committee and other initiatives. Denise also served as an Education Foundation Ambassador, currently participates in ISCPA's Legislative Leader program and has taken part in every Iowa CPAs Month of Service since the initiative began in 2015. Throughout her career, she has been a strong advocate for the CPA profession and the people within it, encouraging others to get involved, serve, mentor and help strengthen the professional community. Through her leadership, generosity and longstanding commitment to service, Denise has made a lasting impact on both her organization and Iowa's CPA profession. ISCPA is pleased to honor her with the 2026 Outstanding CPA in Business and Industry Award.

Bernews.com
Sep 24th, 2026
Nine entrepreneurs vie for $125K in grants.

Nine entrepreneurs vie for $125K in grants. The Bermuda Economic Development Corporation [BEDC] and Global Atlantic have announced the nine finalists for the fourth annual Wave of Opportunity Pitch Competition, which will offer $125,000 in total funding, with Nala Carlington, Amon Simons, Marcus Rewan, Zakary Nzabalinda, Camily Lovell, Andrew Smith Jr, Taj-Rae Outerbridge, Mahtorrie Wilkinson, and Zach Stecko all making the finals. A spokesperson said, "The Bermuda Economic Development Corporation [BEDC], in collaboration with Global Atlantic, has announced the finalists for the 4th Annual Wave of Opportunity Pitch Competition. The event takes place on Monday, November 16, 2026, at 5:30 p.m. at the Hamilton Princess Hotel & Beach Club. "Held during Global Entrepreneurship Week, the competition will once again put a spotlight on Bermuda's entrepreneurs as they pitch their business ideas live for a share of $125,000 in total funding. With grants of up to $25,000 each, it continues to give local entrepreneurs the backing they need to grow their businesses. "The collaboration between BEDC and Global Atlantic reflects a shared commitment to Bermuda's entrepreneurs and to the island's longer-term economic resilience. In four years it has become a fixture of Bermuda's Global Entrepreneurship Week." "Global Atlantic is proud to call Bermuda home, and supporting the people and businesses that contribute to the island's future is an important part of our commitment to the community," said Alberto Autmezguine, Managing Director, President and Chief Financial Officer, Global Atlantic Bermuda. "Over the past several years, the Wave of Opportunity Pitch Competition has given us the opportunity to see firsthand the creativity and ambition of Bermuda's entrepreneurs. We are proud to continue our collaboration with BEDC and look forward to seeing this year's finalists bring their ideas to the stage." Erica Smith, Executive Director of BEDC, reflected, "Now in its fourth year, the Wave of Opportunity Pitch Competition has become one of the highlights of Bermuda's entrepreneurial calendar. That is due in no small part to Global Atlantic, whose commitment to Bermuda and to Bermudian entrepreneurs runs deep." She continued, "The grants change what these entrepreneurs are able to do next, but the stage matters just as much. It gives the island a chance to see the ingenuity and determination behind these businesses. Come out, cheer on our finalists, and play an active role in supporting the next generation of Bermudian business leaders." A spokesperson added, "Nine finalists will take the stage this year, three in the Young Adults category and six in the Main category, representing businesses from across a range of industries. "Young Adults Category Finalists: Nala Carlington, The Daily Grind; Amon Simons, Sweet Saak Bakery; and Marcus Rewan, C.H.U.M [Circular Harvesting Using Matter]. "Main Category Finalists: Zakary Nzabalinda, Physio First: Rehab & Recovery; Camily Lovell, Strange Bird; Andrew Smith Jr., Island Fresh Laundry; Taj-Rae Outerbridge, TKO Locksmith; Mahtorrie Wilkinson, Provisions Homecare; and Zach Stecko, Harbourflow. "Each finalist will have five minutes on stage to present their business idea and vision to a panel of judges. "The judges, drawn from Global Atlantic and Bermuda's business community, will assess each pitch based on innovation, feasibility, and potential for growth. This live format gives the audience an inside look at how Bermuda's entrepreneurs think, plan, and present their ideas in a competitive setting. "The evening will also feature the People's Choice Award, where in-person attendees have the opportunity to vote for their favorite pitch. This gives the community a direct hand in the outcome of the night." The impact of the competition's support is best told by the entrepreneurs who have lived it. Greg Wilson, Founder of Food Forest, won in the main category at the 2025 Wave of Opportunity Pitch Competition and reflected on the year since: "The growth of any business is something that comes from patience, purpose and preservation. This grant has accelerated our trajectory in sustainable agriculture in many ways and helped us tremendously, in just a few short years we have become a leader in regenerative sustainable organic farming. Thanks for all your help BEDC and Global Atlantic." "Admission is free and seating is limited, so RSVP at www.gew.bm to reserve a seat."

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