Fidelity National Financial, Inc. has invested $250 million in its majority-owned subsidiary, F&G Annuities & Life, Inc., to support its asset growth. The transaction involves Fidelity National Financial purchasing 5,000,000 shares of F&G’s 6.875% Series A Mandatory Convertible Preferred Stock. These shares will convert into common stock on January 15, 2027. The investment was negotiated by independent members of Fidelity National Financial’s Board of Directors and is expected to benefit both companies. Fidelity National Financial is a leading provider of title insurance and transaction services, while F&G Annuities & Life offers insurance solutions to retail annuity and life customers and institutional clients. The investment will help strengthen F&G’s position in the insurance industry and drive its asset growth.
FNF Closes $250M Investment in F&G Subsidiary for Asset Growth
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