Empower Annuity Insurance Co has filed an amendment to its private offering, revealing total sales of approximately $681.7 million as of October 31, 2026. This filing, made under Rule 506(b) of the Securities Act, is significant as it reflects the company's ongoing growth and stability in the insurance sector.

Background

Empower Annuity Insurance Co is a corporation incorporated in Connecticut. The company focuses on providing annuity products and is categorized under the insurance industry. Its recent filings include a D/A form filed on November 6, 2026, and a series of 13F-HR forms, indicating its active engagement in financial markets.

What the Filing Says

The recent filing states, "Total Amount Sold represents total sales as of 10/31/26 plus estimated sales amounts (if any) through 11/6/26." This highlights the company's successful fundraising efforts and its ability to attract significant investment.

Impact

This update may affect various stakeholders, including investors, agents, and other companies in the insurance sector. With a total of 41 investors already involved, the company's ability to raise funds could influence market dynamics and competition.

What's Next

The filing does not say what happens next.

Financial Details

The filing indicates that the total amount sold as of October 31, 2026, is approximately $681.7 million, with no specified end date or limit on the amount that may be sold. This suggests a flexible and ongoing fundraising strategy that could continue to attract additional investments.

Use of Proceeds

Importantly, the filing clarifies that none of the gross proceeds received from the offering will be paid to or used for any payments to the persons identified in Item 3 of the filing. This transparency may enhance investor confidence in the company's financial practices.

Sales Compensation

The estimated sales commissions related to this offering amount to approximately $1,957,888, indicating the costs associated with raising these funds. There are no finder’s fees reported, which may suggest a streamlined approach to securing investments.

Investor Composition

Currently, Empower Annuity Insurance Co has a total of 41 investors, all of whom are accredited, reflecting a focused investor base that may contribute to the company’s stability and growth.

Management Team

The filing lists several key executives, including Simon Poole, Vice President of Stable Value Products, who signed the document. Other notable executives include Christine Moritz, President and CEO, and Kara Roe, Chief Financial Officer and Controller. This experienced management team is likely to play a crucial role in the company's strategic direction and operational success.

Geographic Reach

Empower Annuity Insurance Co operates in multiple states, including Alabama, California, Connecticut, and New York, among others. This broad geographic reach may provide the company with a diverse market presence and the ability to tap into various regional opportunities.