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Private company

FORTITUDE LIFE INSURANCE & ANNUITY CO

FORTITUDE LIFE INSURANCE & ANNUITY CO is an American insurance carriers company based in Jersey City, active since 1969.2

Last updated Oct 21, 2026.

Overview

  • IndustryInsurance Carriers, NEC2
  • HeadquartersJersey City, United States2
  • Incorporated inAZ3
  • Business addressTen Exchange Place, Suite 2210, Jersey City, Nj 073023
  • Legal formInsurance Company2
  • LEI8V577ZBANGIMJR7WSX682
  • StatusActive2
  • LEI statusIssued and current2
  • Registered address3800 NORTH CENTRAL AVENUE, 85012 Phoenix, United States2
  • Registered withNational Association of Insurance Commissioners, 866302

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Fortitude Life Insurance & Annuity Company and its wholly-owned subsidiaries (collectively, “FLIAC”, “we”, or the “Company”), with its principal offices in Jersey City, New Jersey, is a wholly-owned subsidiary of Fortitude Group Holdings, LLC (“FGH”) and an indirect wholly-owned subsidiary of FGH Parent L.P. (“FGP”).4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

15.8%Net margin5
210.4%Revenue growth, 20255
8.4%Return on equity5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs82¢$490.0M
  • Income tax2¢$12.0M
  • Profit16¢$94.0M

Out of $596.0M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid76¢$50.0M
  • Kept or used elsewhere24¢$16.0M

Out of $66.0M of cash from operations.5

Financial statements

Revenue65$596.0M in 2025−93% since 2021
0$2.5B$5.0B$7.5B$10.0B2021: $8.9B$8.9B20212023: $580.0M$580.0M2023−94%2024: $192.0M$192.0M2024−67%2025: $596.0M$596.0M2025+210%
Net income65$94.0M in 2025−98% since 2021
-$2.0B0$2.0B$4.0B$6.0B2021: $5.0B$5.0B20212023: -$4.0M-$4.0M20232024: $72.0M$72.0M20242025: $94.0M$94.0M2025+31%
Fiscal year20212022202320242025
Revenue$8.9B6$580.0M5$192.0M5$596.0M5
Income before tax$6.3B6-$10.0M5$104.0M5$106.0M5
Income tax$1.3B6-$6.0M5$32.0M5$12.0M5
Net income$5.0B6-$4.0M5$72.0M5$94.0M5

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What it owns

What FORTITUDE LIFE INSURANCE & ANNUITY CO reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$442.0M5 Dec 31, 2025$563.0M5 Dec 31, 2024−21.5%
Debt securities available for sale$247.0M5 Dec 31, 2025$05 Dec 31, 2024

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$05 Dec 31, 2024$010 Dec 31, 2023

Properties, in its own words

The Company occupies office space through lease agreements primarily in Jersey City, New Jersey and Brentwood, Tennessee.

Item 2 of the 10-K filed Mar 19, 2026.4

Former names

  • PRUDENTIAL ANNUITIES LIFE ASSURANCE CORP/CTJan 3, 2008 to May 12, 20223
  • AMERICAN SKANDIA LIFE ASSURANCE CORP/CTMay 15, 1995 to Dec 31, 20073

Timeline

  1. Mar 9, 20268-K Executive or director change12
  2. Oct 6, 20228-K Executive or director change13
  3. Apr 7, 20228-K Entered a material agreement; Ended a material agreement; Completed an acquisition or sale14
  4. May 21, 1969Founded FORTITUDE LIFE INSURANCE & ANNUITY CO is founded2

Filings

117 filings to the SEC since October 2021: 5 annual reports, 13 quarterly reports, 3 major events, 96 other. The latest 20:

  1. Aug 14, 2026497VPU EDGAR
  2. Aug 14, 2026497VPU EDGAR
  3. Aug 14, 2026497VPU EDGAR
  4. Aug 14, 2026497VPU EDGAR
  5. Aug 14, 2026497 EDGAR
  6. Aug 14, 2026497 EDGAR
  7. Aug 14, 2026497 EDGAR
  8. Aug 14, 2026497 EDGAR
  9. Aug 14, 2026497 EDGAR
  10. Aug 14, 2026497 EDGAR
  11. Aug 14, 2026497 EDGAR
  12. Aug 14, 2026497 EDGAR
  13. Aug 14, 2026497VPU EDGAR
  14. Aug 6, 2026497 EDGAR
  15. May 4, 2026497J EDGAR
  16. May 4, 2026497J EDGAR
  17. May 4, 2026497J EDGAR
  18. May 4, 2026497J EDGAR
  19. May 4, 2026497J EDGAR
  20. May 4, 2026497J EDGAR

The 117 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How FORTITUDE LIFE INSURANCE & ANNUITY CO is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFORTITUDE LIFE INSURANCE & ANNUITY CO1
  • CIK0000881453
  • Employer ID (EIN)06-12412884
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inArizona4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6399 Insurance Carriers, NEC1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business addressTen Exchange Place, Suite 2210, Jersey City, NJ 073021
  • Phone61598188011
  • Shares outstanding25,000 shares as of Mar 19, 20264
  • Public float$0 as of Jun 30, 20255
  • AuditorPricewaterhouseCoopers LLP, Nashville, Tennessee PCAOB ID 238; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMay 15, 19951
  • Filings1,268 in all: 424B3 (590), POS AM (130), 10-Q (93), EFFECT (88), S-3 (74), 497 (51), S-3/A (48), 10-K (32)1
    All 36 form types

    485BPOS (14), 497J (14), 8-K (14), CORRESP (13), S-1/A (12), 497VPU (10), N-4 (8), S-1 (8), S-2 (8), S-2MEF (8), 10-Q/A (7), POS AMI (7), 485APOS (6), UPLOAD (6), 40-APP (5), 10-K/A (3), 40-APP/A (3), RW (3), S-2/A (3), NSAR-U (2), 40-6C (1), 40-6C/A (1), 40-OIP (1), 40-OIP/A (1), APP NTC (1), AW (1), NO ACT (1), NT 10-Q (1)

  • Latest filingsAnnual report (10-K) Mar 19, 2026
    Quarterly report (10-Q) Nov 13, 2025
    Latest 8-K (8-K) Mar 9, 2026

Risk factors and legal proceedings

The risks FORTITUDE LIFE INSURANCE & ANNUITY CO names in Item 1A of its 10-K filed Mar 19, 2026: 23 risks under these headings, as written.4

  • Investment Risk
  • Our investment portfolios are subject to the risk of loss due to default or deterioration in credit quality or value.
  • Our investment portfolio is subject to credit risk, which is the risk that an obligor (or guarantor) is unable or unwilling to meet its contractual payment obligations on its fixed maturity security, loan or other obligations.
  • Our Company is subject to counterparty risk, which is the risk that the counterparty to a transaction could default or deteriorate in creditworthiness before or at the final settlement of a transaction.
  • Our investment portfolio is subject to equity risk, which is the risk of loss due to deterioration in market value of public equity or alternative assets.
  • Our investment portfolio may be impacted by the uncertain and evolving economic environment.
  • Insurance Risk
  • We have significant liabilities for policyholders' benefits which are subject to insurance risk. Insurance risk is the risk that actual experience deviates adversely from our insurance assumptions, including mortality and policyholder behavior assumptions.
  • Certain of our insurance products are subject to mortality risk, which is the risk that actual deaths experienced deviate adversely from our expectations.
  • Certain of our insurance products are subject to policyholder behavior risk, which is the risk that actual policyholder behavior deviates adversely from what is expected.
  • Our ability to reprice products is limited, and may not compensate for deviations from our expected insurance assumptions.
  • The profitability of many of our insurance and annuity products are subject to market risk. Market risk is the risk of loss from changes in interest rates and equity prices.
The other 13 risks
  • Our insurance and annuity products, and our investment returns, are subject to interest rate risk, which is the risk of loss arising from asset/liability duration mismatches within our general account investments.
  • Guarantees within certain of our products, in particular our variable annuities, are market sensitive and may decrease our earnings or increase the volatility of our results of operations or financial position under U.S. GAAP.
  • Liquidity Risk
  • As a financial services company, we are exposed to liquidity risk, which is the risk that the Company is unable to meet near-term obligations as they come due.
  • Operational Risk
  • Our operations are exposed to the risk of loss resulting from inadequate or failed processes or systems, human error or misconduct, and as a result of external events.
  • Operational Risk Types
  • Potential Impacts
  • We are subject to business continuation risk, which is the risk that our operations, systems or data may be disrupted.
  • We may not adequately maintain information security.
  • We may not adequately ensure the privacy of personal information.
  • Third parties (outsourcing providers, vendors and suppliers) present added operational risk to our enterprise.
  • As a financial services company, we are exposed to model risk, which is the risk of financial loss or reputational damage or adverse regulatory impacts caused by model errors or limitations, incorrect implementation of models, or misuse of or overreliance upon models.
  • The development and adoption of artificial intelligence (“AI”), including generative artificial intelligence (“Generative AI”), and its use and anticipated use by us or by third-parties on whom we rely, may increase the operational risks discussed above or create new operational risks that we are not currently anticipating.
  • Strategic Risk
  • We are subject to the risk of events that can cause our fundamental business model to change, either through a shift in the businesses in which we are engaged or a change in our execution.
  • Changes in the regulatory landscape may be unsettling to our business model.
  • Changes in technology and other external factors may be unsettling to our business model.

Legal proceedings

See Note 13 to the Financial Statements under “Litigation and Regulatory Matters” for a description of certain pending litigation and regulatory matters affecting us, and certain risks to our businesses presented by such matters.

The opening of Item 3, Legal Proceedings.4

Sources

The numbers on this page point here. Each one links to the record it came from.

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