FGL Holdings, a leading provider of fixed indexed annuities and life insurance with operations in Des Moines, announced today that rating agency A.M. Best has upgraded the financial strength rating for its Fidelity & Guaranty Life Insurance Co. operating company to “A-” (excellent). Additionally, A.M. Best assigned a financial strength rating of "A-" for F&G's reinsurance business based in Bermuda, F&G Reinsurance Ltd. A.M. Best also assigned the outlook of "stable" to these credit ratings. A.M. Best's ratings and analysis are intended to assess the level of corporate financial strength and creditworthiness. The "A-" financial strength rating is A.M. Best's fourth-highest rating category. "These new ratings reflect our outstanding progress and momentum as we position F&G to realize its potential," said Chris Littlefield, FGL Holdings president and CEO. "We view these ratings as important validation of the capital and risk disciplines we have in place as we continue to expand our retail businesses into new channels and position our reinsurance business for significant growth."