#None #Common Stock #Des Moines #Fidelity National #F&G Annuities

F&G Annuities & Life's New Stock Offering

F&G Annuities & Life, Inc., a prominent player in the insurance sector, has officially announced the pricing of its public stock offering, which includes 8 million shares of common stock valued at $35 each. The offering represents a significant capital move for the company, aimed at supporting various corporate objectives, particularly those that foster organic growth opportunities.

Based in Des Moines, Iowa, F&G operates with a vision to assist Americans in realizing their financial goals. To further solidify investor confidence, Fidelity National Financial, Inc., known as the majority-holder of F&G's stock, has committed to purchasing 4.5 million shares at $33.60 per share. This strategic buy not only expresses Fidelity's belief in F&G's long-term prospects but also bolsters the stability of this offering.

Details of the Offering

The public offering is poised to close on March 24, 2025, pending the fulfillment of customary closing conditions. Additionally, the underwriters have been granted a 30-day option to procure an extra 1.2 million shares. This flexibility serves to reinforce investor interest and allows for increased liquidity within the market following the offering.

The proceeds garnered from this offering are earmarked for general corporate purposes. This aligns with F&G's objective of leveraging these funds to explore and expand organic growth avenues effectively.

BofA Securities, Inc. and J.P. Morgan Securities LLC are the leading entities managing this stock offering. Interested parties can find the registration statement, which includes the prospectus and supplementary materials for this offering, on the U.S. Securities and Exchange Commission's website (www.sec.gov).

Implications of the Offering

F&G’s offering could potentially bring a wave of confidence to the investment community, as it indicates a strong future direction for the company. Forward-looking statements, including anticipated outcomes relating to the timing and closure of the offering and the application of net proceeds, exemplify the strategic positioning F&G is undertaking to adapt in a changing financial landscape.

However, the announcement comes with caution. Forward-looking statements are inherently fragile, subject to numerous risks and uncertainties that can significantly affect actual outcomes. Such factors include market conditions, regulatory changes, and unforeseen operational challenges faced by the company.

About F&G Annuities & Life

F&G Annuities & Life prides itself on being at the forefront of providing insurance solutions designed to meet the needs of retail annuity and life customers, as well as institutional clients. The company is dedicated to turning customer aspirations into achievable realities, reflecting their commitment to helping individuals secure their financial futures.

As the company navigates through this offering and the capital it raises, F&G's ongoing efforts to keep stakeholders informed through compliance with regulatory bodies highlight its commitment to transparent business practices in the financial services sector.

In conclusion, F&G Annuities & Life's recent stock offering not only showcases its financial strategy but also positions the company as an entity to watch in the insurance and financial sectors as it seeks to fulfill its mission of facilitating durable financial security for its clients.