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F&G Annuities & Life Inc - FG STOCK NEWS

Welcome to our dedicated news page for F&G Annuities & Life (Ticker: FG), a resource for investors and traders seeking the latest updates and insights on F&G Annuities & Life.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect F&G Annuities & Life's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of F&G Annuities & Life's position in the market.

News
F&G Annuities & Life Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
Rhea-AI Summary
F&G Annuities & Life, Inc. (NYSE: FG) will release its Q4 and full year 2023 earnings on February 21, 2024, followed by a webcast and conference call on February 22, 2024, to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.2%
Tags
earnings
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News
F&G Annuities & Life Announces $250 Million Investment From Fidelity National Financial
Rhea-AI Summary
F&G Annuities & Life, Inc. (NYSE: FG) announced the closing of a $250 million preferred stock investment from parent Fidelity National Financial, Inc. The investment will support the growth of its insurance company subsidiaries. The agreement includes the issuance of 5,000,000 shares of 6.875% Series A Mandatory Convertible Preferred Stock, with a liquidation preference of $50.00 per share. The conversion rate for each share of the Mandatory Convertible Preferred Stock will be no more than 1.1111 shares of common stock and no less than 0.9456 shares of common stock per share of Mandatory Convertible Preferred Stock, depending on the value of F&G's common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
Tags
none
-
News
Fidelity National Financial, Inc. Announces Investment of $250 Million In Majority-Owned Subsidiary F&G
Rhea-AI Summary
Fidelity National Financial, Inc. (NYSE: FNF) announced the closing of a $250 million preferred stock investment in its majority owned subsidiary F&G Annuities & Life, Inc. F&G will use the net proceeds to support the growth of its assets under management. The agreement includes FNF investing $250 million in exchange for 5,000,000 shares of F&G's 6.875% Series A Mandatory Convertible Preferred Stock, with each share having a liquidation preference of $50.00. The conversion of the preferred stock into common stock of F&G is set to happen on January 15, 2027, with the conversion rate depending on the value of F&G's common stock. The securities were offered and sold in a private placement, and the agreement was negotiated based on market terms and pricing by independent members of FNF's Board of Directors and independent financial and legal advisors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
Tags
none
News
A.M. Best Upgrades Financial Strength Rating of F&G Annuities & Life's Primary Operating Companies to 'A'; Outlook Stable
Rhea-AI Summary
A.M. Best upgrades F&G's primary operating companies, Fidelity & Guaranty Life Insurance Company and Fidelity & Guaranty Life Insurance Company of New York, to 'A' (Excellent) from 'A-' (Excellent), and Fidelity & Guaranty Life Holdings, Inc. to 'bbb' (Good) from 'bbb-' (Good). The rating outlook for F&G and its subsidiaries is 'Stable'. Chris Blunt, President and CEO, expresses excitement for the upgrades and highlights the company's proven track record, balance sheet strength, and commitment to achieving rating upgrades over time. A.M. Best is one of the four major credit rating agencies utilized by F&G to provide an independent assessment of the Company's financial strength and creditworthiness.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.96%
Tags
none
-
News
F&G's Fourth Annual Risk Tolerance Tracker Finds Inflation May Be Easing, But Inflation Fears Aren't
Rhea-AI Summary
Majority of American Investors Continue to Be Risk Averse, Worried - Press Release Analysis
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.42%
Tags
none
-
News
Fidelity National Financial to Participate in Virtual Fireside Chat Hosted by KBW
Rhea-AI Summary
Fidelity National Financial, Inc. (NYSE: FNF) will participate in a virtual fireside chat hosted by Keefe, Bruyette & Woods to discuss recent business performance and milestones.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.42%
Tags
conferences
News
F&G Annuities & Life Prices Senior Unsecured Notes Offering
Rhea-AI Summary
F&G Annuities & Life, Inc. (NYSE: FG) announced a public offering of $345 million aggregate principal amount of its 7.95% senior notes due 2053. The notes will be listed on the New York Stock Exchange under the symbol 'FGN'. The company plans to use the net proceeds to repay borrowings and support organic growth opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.06%
Tags
none
-
News
Unisys Transfers a Portion of its U.S. Defined Benefit Pension Obligations to F&G Through $250 Million of Group Annuity Contracts
Rhea-AI Summary
Unisys (UIS) closes $250 million group annuity contracts with F&G Annuities & Life, Inc. (FG) to transfer projected benefit obligations for 3,900 retirees, resulting in a one-time, non-cash, pre-tax settlement charge of approximately $244 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.98%
Tags
none
-
News
Fidelity National Financial, Inc. Announces Intent to Invest Approximately $250 Million In Majority-Owned Subsidiary F&G
Rhea-AI Summary
Fidelity National Financial, Inc. (NYSE: FNF) intends to invest $250 million in F&G Annuities & Life, Inc. to support the growth of assets under management. F&G, in which FNF holds approximately 85% ownership, has shown strong performance, prompting this investment. The Special Committee, formed by FNF's Board of Directors, will evaluate and negotiate the terms of the investment, with the transaction expected to close in late 2023 or early 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.55%
Tags
none
News
F&G Annuities & Life Announces Intent of Investment for Approximately $250 Million From Fidelity National Financial
Rhea-AI Summary
F&G Annuities & Life, Inc. (NYSE: FG) announced an agreement with Fidelity National Financial, Inc. for a $250 million investment. The investment will support the growth of assets under management as F&G capitalizes on market opportunities. A Special Committee has been formed to evaluate and negotiate the terms, with the transaction expected to close in late 2023 or early 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.55%
Tags
none
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F&G Annuities & Life Inc

NYSE:FG

FG Rankings

#1211 Ranked by Market Cap
#202 Ranked by Stock Gains
#1367 Ranked by Dividends

FG Stock Data

4.64B
17.58M
1.82%
96.04%
0.4%
Direct Life Insurance Carriers
Finance and Insurance
Link
United States
Des Moines