Business
Fidelity National Financial and F&G Annuities & Life Announce Final Distribution Ratio for Planned Distribution of Approximately 12% Ownership of F&G to FNF Shareholders
Fidelity National Financial, Inc. (NYSE: FNF) ("FNF"), a leading provider of title insurance and transaction services to the real estate and mortgage industries, and F&G Annuities & Life, Inc. (NYSE: FG) ("F&G"), a majority-owned subsidiary of FNF, today announced that FNF's Board of Directors has determined the final distribution ratio relating to its previously announced special stock distribution (the "Distribution") to FNF shareholders. The Distribution will consist of 16,280,204 shares of F
About this update from F&g Annuities & Life, Inc.
[{"type":"text","content":"JACKSONVILLE, Fla. and DES MOINES, Iowa, Dec. 18, 2025 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF) ("FNF"), a leading provider of title insurance and transaction services to the real estate and mortgage industries, and F&G Annuities & Life, Inc. (NYSE: FG) ("F&G"), a majority-owned subsidiary of FNF, today announced that FNF's Board of Directors has determined the final distribution ratio relating to its previously announced special stock distribution (the "Distribution") to FNF shareholders. The Distribution will consist of 16,280,204 shares of F&G common stock owned by FNF, representing approximately 12% of the outstanding shares of F&G common stock.","length":747,"tagName":"p"},{"type":"text","content":"The Distribution will be made on December 31, 2025 (the "Distribution Date") to FNF shareholders of record as of 4:30 p.m. ET on December 17, 2025 (the "Record Date"). The Distribution will consist of a pro rata common stock distribution to each FNF shareholder of record as of the Record Date.","length":349,"tagName":"p"},{"type":"text","content":"As of the Record Date, FNF had 271,336,723 shares of its common stock, par value $0.0001 per share, outstanding. Based on such number, FNF shareholders will receive six shares of F&G common stock for every 100 shares of FNF common stock held as of the Record Date. No fractional shares of F&G common stock will be distributed. Instead, FNF shareholders will receive cash in lieu of any fraction of a share of F&G common stock that they otherwise would have received.","length":493,"tagName":"p"},{"type":"text","content":"The Distribution of F&G common stock, and any cash in lieu of fractional shares, will be structured as a taxable distribution that is expected to be treated as a dividend to FNF shareholders for U.S. federal income tax purposes.","length":232,"tagName":"p"},{"type":"text","content":"Information Regarding the Distribution","length":38,"tagName":"p"},{"type":"text","content":"No vote or action is required by FNF shareholders in order to receive the Distribution of shares of F&G common stock.","length":121,"tagName":"p"},{"type":"text","content":"FNF shareholders of record as of the Record Date will r...