Fidelity National Financial Declares Final Share Distribution for F&G Annuities to Shareholders

Fidelity National Financial's Share Distribution Announcement

Fidelity National Financial, Inc. (NYSE: FNF), a prominent player in the title insurance and transaction services sectors, has announced a significant update regarding its upcoming share distribution plan involving F&G Annuities & Life, Inc. (NYSE: FG). This development is particularly notable for shareholders as it marks a strategic move intended to enhance shareholder value while reinforcing FNF's commitment to providing robust financial services.

Final Distribution Ratio Details

On December 18, 2025, FNF revealed through its Board of Directors that the final distribution ratio for its special stock distribution has been determined. This distribution involves approximately 12% of F&G's outstanding shares, specifically totaling about 16,280,204 shares of FG common stock. This ratio will be applicable to all shareholders on record as of December 17, 2025, at 4:30 PM ET, with the actual transfer of shares slated for December 31, 2025.

Each FNF shareholder will receive six shares of FG common stock for every 100 shares of FNF common stock they hold. It's essential to note that shareholders will not receive fractional shares; instead, they will receive a cash equivalent for any fraction that results from the distribution, ensuring a smooth transition and no confusion regarding share allocations.

Tax Implications of the Distribution

The distribution is structured as a taxable event that will be treated as a dividend for U.S. federal income tax purposes. Shareholders are encouraged to seek counsel from their financial advisors to understand the implications of this distribution fully, particularly in regards to potential tax responsibilities and trading strategies surrounding both FNF and FG common stocks.

Steps for Shareholders

There is no action required from shareholders to receive their shares of FG common stock. FNF shareholders of record will see updates to their accounts reflecting their new ownership in FG shares, which will be recorded in book-entry form. Those who possess shares through brokers will have FG shares credited directly to their accounts.

An information statement detailing the distribution process will be dispatched to all FNF shareholders as of the Record Date. This document will provide further clarity on the distribution and guide shareholders on next steps.

About Fidelity National Financial and F&G Annuities

Fidelity National Financial is the largest title insurance company in the United States, serving the real estate and mortgage sectors through its various subsidiaries. Its commitment to providing comprehensive transaction services strengthens its position within the industry. Meanwhile, FG Annuities & Life aims to fulfill the financial aspirations of its customers by offering innovative life insurance and annuity products.

Both companies advise investors to keep abreast of developments that could affect future financial performance, including market fluctuations and the regulatory environment.

Conclusion

The distribution of F&G shares represents a milestone for FNF shareholders, reflecting the company’s strategic focus on maximizing shareholder value. As this event approaches, stakeholders are encouraged to remain informed through official updates and their financial advisors, ensuring they are fully prepared to navigate the implications of this significant financial move.