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F&G completes transition back to publicly traded company


Fidelity National Financial, an insurance provider serving retail annuity and life customers and institutional clients through its subsidiary F&G Annuities & Life Inc., announced Thursday the completion of the distribution to FNF shareholders, on a pro rata basis, of approximately 15% of the common stock of its subsidiary F&G. Effective today, F&G has begun “regular-way” trading of its common stock on the New York Stock Exchange under the symbol “FG,” according to a news release. FNF retains control of F&G through an approximately 85% equity ownership stake and will continue to trade on the NYSE under the symbol FNF. “We are thrilled to achieve this milestone in partnership with FNF and appreciate their continued support,” F&G President and CEO Chris Blunt said in the release. “Since the time of our merger with FNF, we have successfully and profitably increased our market share as a result of greater exposure to new and existing products and distribution channels, growing assets under management to $42 billion. As a result, our business has reached an inflection point to balance our deployment of capital to fund growth, while also returning capital to shareholders through a quarterly cash dividend at an initial aggregate amount of approximately $100 million per year beginning in 2023.”

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