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Fidelity National Financial , Inc. (NYSE:FNF) recently made a significant investment in F&G Annuities & Life, Inc. (NYSE:FG), purchasing 4.5 million shares of common stock. The transaction, which closed on March 24, 2025, was part of F&G Annuities’ underwritten public offering, with shares acquired at a price of $33.60 each, totaling $151.2 million.
Following the purchase, Fidelity National Financial now holds over 110 million shares of F&G Annuities. This acquisition further strengthens Fidelity’s position as a major stakeholder in the life insurance company. The shares are held in both direct and indirect capacities, with some owned through wholly-owned subsidiaries such as Chicago Title Insurance Company, Fidelity National Title Insurance Company, and Commonwealth Land Title Insurance Company.
In other recent news, F&G Annuities & Life, Inc. has successfully issued $375 million in junior subordinated notes due in 2065, with the notes carrying an interest rate of 7.300%. The company plans to use the proceeds for general corporate purposes, which may include repurchasing or repaying existing debt. This financial move is part of F&G’s broader strategy to manage its capital effectively. In another development, F&G announced organizational changes with the appointment of Conor Murphy as the new Chief Financial Officer, effective April 1, 2025. Murphy brings extensive experience, having served in senior roles at Resolution Life US and Brighthouse Financial (NASDAQ:BHF). Meanwhile, Fidelity National Financial, Inc., which owns a majority stake in F&G, declared a quarterly dividend of $0.50 per share, payable on March 31, 2025. These developments reflect ongoing strategic adjustments and financial maneuvers within the companies.
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