FGL Holdings, the parent company of annuity and life insurer F&G in Des Moines, reported fourth-quarter net income available to common shareholders of $217 million, or $1.02 per share, compared with a year-ago net loss of $156 million, or 70 cents per share. Adjusted operating income for the fourth quarter of 2019 was $94 million, compared with AOI for the 2018 fourth quarter of $76 million. Total annuity sales in the quarter of $921 million were down 4% from the year-ago quarter, while full-year annuity sales were up 16% to $3.89 billion. Total sales across all product lines for the year were $4.3 billion, up 22% from 2018. “We are pleased with the company’s performance in the quarter,” said Chris Blunt, F&G president and CEO. “Underlying operating performance remains favorable, and results in the fourth quarter rounded out a strong full year for F&G.” Earlier this month, FGL announced it has entered into a definitive merger agreement in which Fidelity National Financial Inc. will acquire FGL for an announced value of $12.50 per share.