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. (NYSE: FG) is a direct life insurance carrier headquartered in Des Moines, Iowa, and a majority-owned subsidiary of Fidelity National Financial, Inc. Public communications describe F&G as a provider of insurance solutions for retail annuity and life customers and institutional clients, with products that include fixed indexed annuities, multi-year guarantee annuities, immediate annuities, indexed universal life insurance, funding agreements, and pension risk transfer solutions.
The FG news feed highlights company announcements that matter to investors and market watchers, such as quarterly and year-to-date financial results, changes to common and preferred stock dividends, and updates on capital management. Recent releases have covered record assets under management before flow reinsurance, gross and net sales performance, adjusted net earnings, and details about the company’s investment portfolio and credit experience.
News items also track F&G’s relationship with its majority shareholder, Fidelity National Financial. These include announcements of a special stock distribution of F&G common stock by FNF to its shareholders and subsequent updates on the final distribution ratio and mechanics of that transaction. Such developments can affect F&G’s public float and ownership profile, making them relevant for FG stock research.
In addition, F&G regularly announces earnings release dates, conference calls, and participation by senior executives in financial services and insurance conferences. These events provide forums where management discusses strategy, performance metrics, reinsurance structures, and progress toward previously stated targets. Investors and analysts can use the news stream to follow how F&G reports on its annuity and life insurance business, institutional solutions, capital structure, and ongoing interactions with the broader financial community.
Fidelity National Financial (NYSE: FNF), a leading provider of title insurance and transaction services, has announced its second quarter 2024 earnings release and conference call schedule. The earnings will be released after market close on Monday, August 5, 2024, followed by a webcast and conference call at 11:00 a.m. Eastern Time on Tuesday, August 6, 2024. Investors can access the webcast through FNF's Investor Relations website or join the conference call by dialing 1-877-407-0784 (USA) or 1-201-689-8560 (International). A replay will be available via webcast and telephone until August 13, 2024. FNF is the nation's largest title insurance company and also provides insurance solutions through its majority-owned subsidiary F&G Annuities & Life, Inc. (NYSE: FG).
F&G Annuities & Life (NYSE: FG), a leading provider of insurance solutions, has announced its second quarter 2024 earnings release schedule. The company will release its earnings after market close on Monday, August 5, 2024, followed by a webcast and conference call at 9:00 a.m. Eastern Time on Tuesday, August 6, 2024. Investors can access the webcast through F&G's Investor Relations website or join the conference call by dialing 1-877-300-8521 (USA) or 1-412-317-6026 (International). A replay will be available via webcast and telephone until August 13, 2024. F&G, headquartered in Des Moines, Iowa, serves retail annuity and life customers as well as institutional clients.
F&G's Retirement Reconsidered 2024 survey reveals significant shifts in retirement plans among Americans over 50. 51% of pre-retirees and retirees are considering delaying or coming out of retirement, with 68% of pre-retirees contemplating postponement. Gen X shows particular concern, with 71% reconsidering their retirement timeline.
Inflation remains a primary driver, cited by 49% of those delaying retirement and 44% of potential un-retirees. However, non-financial factors also play a role, with many valuing the intellectual stimulation of work. The survey highlights a generational divide, with Gen X expressing heightened anxiety about financial security in retirement.
Interestingly, while 71% seek advice before making retirement decisions, only 16% consult financial advisors, preferring to discuss with family and friends. F&G emphasizes the importance of proactive financial planning and considering products like fixed indexed annuities to address retirement concerns.
Fidelity National Financial (NYSE: FNF) published its 2023 Sustainability Report, highlighting significant advancements in its sustainability initiatives. CEO Mike Nolan emphasized the company's ongoing commitment to fostering long-term growth through a comprehensive ESG strategy. Key achievements include a 24% reduction in GHG emissions and a 63% decline in corporate waste at the Jacksonville headquarters compared to 2019. Socially, 42% of FNF's leadership team and 70% of its U.S. workforce are female, and the company supported over 900 community organizations in 2023. Governance highlights include robust ESG oversight at the board level, with a diverse and predominantly independent board of directors. The full report is accessible on FNF's website.
F&G Annuities & Life (NYSE: FG) has announced the early results of its cash tender offer for up to $250 million of its subsidiary FGLH's 5.50% Senior Notes due 2025. As of June 3, 2024, $365.3 million worth of notes were validly tendered, exceeding the maximum amount set for purchase. Consequently, no further notes will be accepted after the early participation date. The accepted notes will be prorated at 68.5%, with each $1,000 principal amount earning $1,000, including an early tender payment. Settlement for accepted notes will occur on June 5, 2024.
F&G Annuities & Life has announced a public offering of $550 million in senior unsecured notes with a 6.500% interest rate, due in 2029. The offering, expected to close on June 4, 2024, is contingent upon customary conditions and will be guaranteed by F&G's subsidiaries. The company plans to use part of the proceeds to finance a $250 million cash tender offer for FGLH's 5.50% Senior Notes due 2025. The remaining funds will be allocated for general corporate purposes, including debt repayment. BofA Securities, J.P. Morgan, RBC Capital Markets, and Wells Fargo are among the joint managers for this offering.
F&G Annuities & Life (NYSE: FG) has launched a cash tender offer through its subsidiary Fidelity & Guaranty Life Holdings for up to $250 million of its 5.50% Senior Notes due 2025. The offer includes an early participation incentive, whereby holders who tender by June 3, 2024, will receive $1,000 per $1,000 principal amount, while those who tender after will receive $950. The offer, expiring on June 18, 2024, is contingent on a concurrent issuance of new senior notes to fund the purchase. F&G aims to retire these notes early, subject to conditions including the successful completion of a financing transaction.
F&G Annuities & Life, Inc. (NYSE: FG) announced the appointment of John Currier as President. He will report to the CEO and oversee the Retail Markets business unit. Currier brings over 30 years of experience in the insurance industry to this role.
Fidelity National Financial, Inc. (NYSE: FNF) declared a quarterly cash dividend of $0.48 per common share, payable on June 28, 2024, to stockholders of record as of June 14, 2024. FNF is a leading provider of title insurance and transaction services to the real estate and mortgage industries, as well as insurance solutions for retail annuity and life customers and institutional clients.
F&G Annuities & Life, Inc. declares dividends on common and preferred shares. The Board of Directors announced a quarterly cash dividend of $0.21 per common share payable on June 28, 2024, and $0.859375 per share on the Company's 6.875% Series A Mandatory Convertible Preferred Stock payable on July 15, 2024.