Welcome to our dedicated page for F&G Annuities & Life news (Ticker: FG), a resource for investors and traders seeking the latest updates and insights on F&G Annuities & Life stock.
F&G Annuities & Life, Inc. reports developments in annuity, life insurance and institutional insurance markets. The company serves retail annuity and life customers as well as institutional clients through insurance subsidiaries, with products that include fixed indexed annuities, registered index-linked annuities, multi-year guaranteed annuities, immediate annuities, indexed universal life insurance, funding agreements and pension risk transfer solutions.
Company announcements commonly address quarterly results, spread-based and fee-based operating performance, investment portfolio commentary, reinsurance arrangements, product distribution relationships, common and preferred stock dividends, share repurchase authorizations and ownership matters involving Fidelity National Financial, its majority shareholder.
F&G Annuities & Life (NYSE: FG) will announce its fourth quarter and full year 2022 earnings after market close on February 22, 2023. A webcast and conference call to discuss the results will be held on February 23, 2023, at 9:00 a.m. Eastern Time. Investors can access the presentation via the Investor Relations website. The earnings release will provide key financial metrics and insights into the company’s performance.
F&G, headquartered in Des Moines, Iowa, specializes in providing insurance solutions for retail and institutional clients.
Fidelity National Financial (FNF) will release its Q4 and full-year 2022 earnings on February 22, 2023, after market close. A webcast and conference call to discuss the results will occur at 11:00 a.m. ET on February 23, 2023. FNF is a key player in the title insurance and transaction services sectors, operating through subsidiaries like F&G Annuities & Life. As the largest title insurance company in the U.S., FNF's upcoming financial disclosures are expected to impact its stock performance.
On January 31, 2023, F&G Annuities & Life (NYSE: FG) announced its acquisition of a 49% equity stake in SYNCIS, a prominent independent marketing organization. This partnership aims to diversify F&G's earnings and expand its presence in underserved markets, particularly within the middle-income demographic. SYNCIS has been a key distribution partner for nearly 15 years and significantly contributes to F&G's ranking as a top indexed universal life provider. The investment aligns with F&G's growth strategy following its recent spinoff, focusing on meeting the demand for permanent life insurance among multicultural and middle-market segments.
On January 9, 2023, F&G Annuities & Life announced the pricing of a $500 million offering of 7.40% senior notes due 2028. The offering is set to close on January 13, 2023, pending customary conditions. These notes will be guaranteed on an unsecured, unsubordinated basis by F&G's subsidiaries. The net proceeds will support growth in assets under management and future liquidity needs. The notes are being offered to qualified institutional buyers and non-U.S. persons per SEC regulations. This press release does not constitute an offer or solicitation for securities.
F&G Annuities & Life, Inc. (NYSE: FG) declared its inaugural quarterly cash dividend of $0.20 per share, as part of a planned annual payout of approximately $100 million. The dividend will be paid on January 31, 2023, to stockholders on record by January 17, 2023. CEO Chris Blunt emphasized this decision reflects the company's strong business foundation and commitment to shareholder value. Future dividends will undergo quarterly review and are contingent on macroeconomic and business performance.
F&G's annual Risk Tolerance Tracker reveals a significant rise in financial risk aversion among American investors, with 67% feeling their financial safety net has diminished. This represents a stark increase from 47% in 2021. Furthermore, concerns about retirement income surged to 73%, up from 61% last year. Inflation worries are paramount, with 79% of respondents expressing concern. The report suggests that 53% of investors are seeking ways to supplement income, highlighting a shift in investment behavior amidst increasing uncertainty.
Fidelity National Financial (FNF) has completed a distribution to its shareholders of approximately 15% of the common stock of its subsidiary, F&G, which is now trading on the NYSE under the symbol 'FG'. FNF retains an 85% ownership stake in F&G, which has seen assets under management grow to $42 billion, nearing its goal of $50 billion set during its acquisition in 2020. The CEO of F&G announced plans for a quarterly cash dividend starting in 2023, amounting to about $100 million per year. This move aims to enhance shareholder value and position F&G for continued growth.
Fidelity National Financial (NYSE: FNF) announced that the SEC has declared effective F&G Annuities & Life's registration statement. FNF plans to distribute 15% of F&G's stock to its shareholders on December 1, 2022, with shareholders receiving 68 shares of F&G for every 1,000 shares of FNF held. "When-issued" trading for F&G will start on November 21, 2022, under the symbol FG WI, transitioning to regular trading on the distribution date. This separation will be subject to various conditions, and investors should consult tax advisors regarding potential implications.