Portfolio + Financials
Our investment portfolio is built on a foundation of diversification and quality, meticulously aligned with the nature of our obligations.
With a 10-year average duration, our investments are designed to ensure stability and growth over the long term, offering a well-matched response to the demands of our liabilities.
In addition, Fortitude Re’s portfolio of legacy liabilities is both diversified and seasoned, reflecting our commitment to prudent risk management and long-term value creation. This approach underscores our financial strength and our ability to meet future commitments while delivering consistent, reliable results for our stakeholders.
Fortitude re PortFolio Highlights
$73B
Net Invested Assets
- Credit
- Structured Products
- Loans and income-generating assets
- Other Invested assets
- Short-term investments
As of December 31, 2024. Presented on the basis of US GAAP
$70B
Life & Annuity
- Payout Certain Annuity
- Life Payout Annuity
- Deferred Annuity
- Variable Annuity
- Life Insurance
- Health
*YE24 – Net GAAP Reserves excluding Separate Account Liabilities
>95%
Investment Grade Fixed Income Assets
- BSCR 1 (AAA)
- BSCR 2 (AA)
- BSCR 3 (A)
- BSCR 4 (BBB)
- Below Investment Grade
$3B*
P&C
- Excess Workers Compensation
- Environmental
- Legacy Environmental
- All Other Lines
*YE24 – Nominal reserves
Insurance Company Financial Strength Ratings
FRL, FIRL, FLIAC
Moody’s
last updated
12/11/2024
FRL, FIRL, FLIAC
A.M. Best
last updated
05/23/2024
FRL, FLIAC
Fitch
last updated
11/26/2024
NET INVESTED ASSETS1
economic surplus3
GAAP NET Reserves2
Bermuda Solvency Capital Requirement ratio4
1 As of 12/31/2024
2 Excludes variable annuity separate accounts and ceded reserve liabilities
3/4 As of 9/30/2024
Fortitude Re Financial Statements
Date
Statement Title
| 12/31/2024 | FGH Parent, LP Consolidated Financial Statements for the year ended 12/31/2024 |
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| 12/31/2023 | FGH Parent, LP Consolidated Financial Statements for the year ended 12/31/2023 |
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| 12/31/2023 | Financial Condition Report (FRL) |
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| 12/31/2023 | Financial Condition Report (FIRL) |
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| 12/31/2022 | FGH Parent, LP Consolidated Financial Statements |
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| 12/31/2022 | Financial Condition Report (FRL) |
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| 12/31/2021 | FGH Parent, LP Consolidated Financial Statements |
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| 12/31/2021 | Financial Condition Report (FRL) |
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| 12/31/2020 | FGH Parent, LP Consolidated Financial Statements |
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| 12/31/2020 | Financial Condition Report (FRL) |
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| 12/31/2019 | FGH Parent, LP Consolidated Financial Statements |
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| 12/31/2019 | Financial Condition Report (FRL) |
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