F&G Annuities & Life, Inc. - FG STOCK NEWS

F&G Annuities & Life (NYSE: FG) has announced a 5% increase in its quarterly cash dividend to $0.22 per common share, up from the previous $0.21. The dividend will be paid on December 31, 2024, to stockholders of record as of December 17, 2024. Additionally, the company declared a quarterly cash dividend of $0.859375 per share on its 6.875% Series A Mandatory Convertible Preferred Stock, payable on January 15, 2025, to holders of record as of January 1, 2025.

Fidelity National Financial (NYSE: FNF) has announced a 4% increase in its quarterly cash dividend. The company's Board of Directors has raised the dividend from $0.48 to $0.50 per common share. The dividend will be paid on December 31, 2024, to stockholders of record as of December 17, 2024. FNF is the nation's largest title insurance company, operating through multiple title insurance underwriters and providing insurance solutions through its majority-owned subsidiary F&G Annuities & Life.

Fidelity National Financial (FNF) reported Q3 2024 net earnings of $266 million ($0.97 per share), down from $426 million ($1.57 per share) in Q3 2023. However, adjusted net earnings increased to $356 million ($1.30 per share) from $333 million ($1.23 per share) year-over-year. The Title Segment maintained strong performance with $244 million contribution, while F&G Segment grew to $135 million from $102 million. Total revenue reached $3.6 billion, with Title Segment revenue at $2.1 billion and F&G achieving record assets under management of $62.9 billion. The company maintained an industry-leading adjusted pre-tax title margin of 15.9%.

F&G Annuities & Life (NYSE: FG) reported Q3 2024 results with a net loss of $10 million ($0.08 per share), compared to net earnings of $306 million ($2.45 per share) in Q3 2023. Adjusted net earnings were $156 million ($1.22 per share), up from $120 million ($0.96 per share) in Q3 2023.

The company achieved record gross sales of $3.9 billion, a 39% increase year-over-year, driven by record retail channel sales of $3.5 billion. Assets under management before flow reinsurance reached a record $62.9 billion, up 20% from Q3 2023. The company returned $31 million to shareholders through dividends in Q3 2024.

F&G Annuities & Life (NYSE: FG) will release its third quarter 2024 earnings after market close on Wednesday, November 6, 2024. The company will host a conference call and webcast to discuss the results on Thursday, November 7, 2024, at 9:00 a.m. Eastern Time. Investors can access the webcast through the company's Investor Relations website or join via telephone at 1-800-717-1738 (USA) or 1-646-307-1865 (International). F&G is a leading provider of insurance solutions serving retail annuity and life customers and institutional clients.

Fidelity National Financial (NYSE: FNF) has scheduled its third quarter 2024 earnings release for Wednesday, November 6, 2024, after market close. The company will host a conference call and webcast to discuss the results on Thursday, November 7, 2024, at 11:00 a.m. Eastern Time. FNF, the nation's largest title insurance company, operates through multiple title insurance underwriters and provides insurance solutions through its majority-owned subsidiary F&G Annuities & Life (NYSE: FG).

F&G's fifth annual Risk Tolerance Tracker reveals American investors' top concerns for their financial future. Inflation remains the primary worry at 80%, followed by the U.S. presidential election (72%) and recession fears (72%). Other significant concerns include cybercrime/fraud (63%) and geopolitical risks (61%).

The survey shows a slight improvement in risk tolerance, with 73% of respondents less likely to take financial risks, down from 78% in previous years. However, 66% still worry about retirement income. Generational differences are evident, with Baby Boomers most concerned about the election's impact (79%) and GenX about recession (76%).

Despite these concerns, 58% of respondents don't use a financial professional, and only 14% own an annuity. F&G CEO Chris Blunt emphasizes the importance of proactive planning and leveraging advisors for long-term financial security.

Fidelity National Financial, Inc. (NYSE:FNF) has acquired the commercial operations of First Nationwide Title Agency (FNTA), a division of AMT Commercial Title Services and subsidiary of AmTrust Financial Services, Inc. This acquisition expands FNF's national commercial services portfolio and aligns with its strategy of acquiring top companies in the industry. FNTA, founded in 2012 and based in New York City, has expertise in closing and insuring commercial real estate transactions across the U.S.

Key points:

• FNTA's commercial team, including President and CEO Steven Napolitano, will join FNF
• The acquisition aims to enhance FNF's ability to service commercial real estate clients
• FNTA's leadership team will continue to manage day-to-day operations under FNF ownership
• The move is expected to provide FNTA with resources to expand its business

F&G Annuities & Life (NYSE: FG) has priced a public offering of $500 million in 6.250% senior notes due 2034. The offering is expected to close on October 4, 2024, subject to customary conditions. The notes will be guaranteed by F&G's subsidiaries that are guarantors of its existing credit agreement.

F&G plans to use the net proceeds to repay borrowings under its revolving credit facility and for general corporate purposes, including supporting organic growth opportunities. The offering is being made through a SEC-registered prospectus, with Wells Fargo Securities, BofA Securities, J.P. Morgan Securities, and RBC Capital Markets acting as joint book-running managers.