Fidelity National Financial, Inc. completed the Spin-Off of F&G Annuities & Life, Inc. (NYSE: FG). (2024)

Market Closed - Nyse Other stock markets 04:00:02 2024-05-21 pm EDT			5-day change	1st Jan Change
42.32 ^USD	-0.09%		+4.01%	-8.00%

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December 30, 2022

The Board of Fidelity National Financial, Inc. (NYSE:FNF) announced the spin-off of 15% stake in F&G Annuities & Life Inc. on March 14, 2022. As per the record date of November 22, 2022, FNF shares and will receive 68 F&G shares for every 1,000 FNF shares held. The transaction is approved by board of directors of Fidelity National Financial, Inc. and is subject to final approval by the FNF Board of Directors, filing and effectiveness of a Form 10 registration statement under the Securities Exchange Act of 1934, as amended, and any applicable regulatory approvals. As of November 18, 2022, U.S. Securities and Exchange Commission has declared F&G's amended registration statement on Form 10 effective. As of November 21, 2022, F&G Annuities & Life, Inc. ("F&G"), has announced that the common stock of F&G will begin trading today. The transaction is expected to close in third quarter of 2022. The transaction is expected to close on December 1, 2022. BofA Securities, Inc. acted as financial advisor to Fidelity National Financial, Inc. Skadden, Arps, Slate, Meagher & Flom LLP and Weil, Gotshal & Manges LLP served as FNF's legal counsel in transaction. Continental Stock Transfer & Trust Company acted as transfer agent to F&G Annuities & Life, Inc.
The Board of Fidelity National Financial, Inc. (NYSE:FNF) completed the spin-off of the 15% stake in F&G Annuities & Life Inc. on December 1, 2022. F&G. F&G has commenced "regular-way" trading of its common stock on the New York Stock Exchange ("NYSE") under the symbol "FG". FNF retains control of F&G through an approximate 85% equity ownership stake and will continue to trade on the NYSE under the symbol "FNF

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log inSign up	Price	Change	5d. change	Capi.
	FIDELITY NATIONAL FINANCIAL, INC.	52.83 USD	+0.17%	+1.67%	14.41B
		42.32 USD	-0.09%	+4.01%	5.34B

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Company Profile

F&G Annuities & Life, Inc. is a provider of insurance solutions serving retail annuity and life customers, as well as institutional clients. Through its insurance subsidiaries, it markets a portfolio of annuities, including fixed indexed annuities (FIAs) and multi-year guarantee annuities (MYGAs), pension risk transfer (PRT) solutions, as well as indexed universal life (IUL) insurance and institutional funding agreements. Its fixed indexed annuities (FIAs) allow contract owners the possibility of earning returns linked to the performance of a specified market index, predominantly the S&P 500 Index, while providing principal protection. All FIA products allow policyholders to allocate funds once a year among several different crediting strategies, including one or more index-based strategies and a traditional fixed rate strategy. Its retail annuities serve as a retirement and savings tool on which its customers rely for principal protection and predictable income streams.

Sector

Calendar

2024-08-05 - Q2 2024 Earnings Release (Projected)

Related indices

Russell 2000

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

42.36USD

Average target price

43USD

Spread / Average Target

+1.51%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

	1st Jan change	Capi.
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PRUDENTIAL FINANCIAL, INC.	+13.62%	42.26B
GENERALI	+22.85%	40.19B
SUN LIFE FINANCIAL INC.	+1.73%	30.05B
GREAT-WEST LIFECO INC.	-1.92%	29.32B
PRUDENTIAL PLC	-10.10%	28.03B

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Fidelity National Financial, Inc. completed the Spin-Off of F&G Annuities & Life, Inc. (NYSE: FG).

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