1. FNF will distribute 16,280,204 shares of FG by December 2025. 2. Shareholders receive six FG shares for every 100 FNF shares held. 3. Distribution structured as a taxable event treated as a dividend. 4. No action needed from FNF shareholders to receive FG shares. 5. Information details to be provided to FNF shareholders before distribution.
FAQ
Why Bullish?
The upcoming distribution increases FG's stock exposure, likely enhancing demand. Historical examples, such as stock splits or spin-offs, often lead to price appreciation.
How important is it?
This distribution directly affects FG's visibility and market position, enhancing investor interest.
Why Long Term?
The distribution creates sustained shareholder interest, supporting price stability and growth. Similar events have historically fostered investor confidence over longer periods.
Fidelity National Financial Sets Final Distribution Ratio for F&G Annuities & Life Shares
Fidelity National Financial, Inc. (NYSE: FNF) and its majority-owned subsidiary, F&G Annuities & Life, Inc. (NYSE: FG), have announced critical details regarding a planned stock distribution. The Fidelity National Financial Board of Directors has established the final distribution ratio for a special stock distribution that will benefit FNF shareholders. The distribution involves approximately 12% of F&G's outstanding shares, equating to 16,280,204 shares of F&G common stock.
Distribution Details
The scheduled distribution date is set for December 31, 2025, with a record date of December 17, 2025. As of the record date, FNF had 271,336,723 shares of common stock outstanding. Shareholders will receive a ratio of six shares of F&G common stock for every 100 shares of FNF common stock they hold. Importantly, there will be no fractional shares of F&G common stock distributed; instead, shareholders will receive cash in lieu of any fractions.
Tax Implications and Shareholder Actions
This distribution will be treated as a taxable event, likely qualifying as a dividend for U.S. federal income tax purposes. FNF shareholders do not need to take any action to receive their shares of F&G common stock. Those on record as of the designated date will receive account statements that reflect their ownership interest in F&G.
- Distribution Date: December 31, 2025
- Record Date: December 17, 2025
- Shares Distributed: 16,280,204 shares
- Pro Rata Distribution: 6 shares of FG for every 100 shares of FNF
Information for Shareholders
FNF shareholders will not incur any costs for the acquisition of the shares of F&G common stock, nor will they need to surrender or exchange their FNF shares. An information statement detailing the distribution will be sent to shareholders, and further details can be accessed via the investor portals for FNF and F&G.
Investors are advised to consult their financial advisors regarding the implications of trading both FNF and F&G common stock around the distribution date.
About Fidelity National Financial and F&G Annuities & Life
Fidelity National Financial, Inc. (NYSE: FNF) is a prominent provider of title insurance and transaction services across the real estate and mortgage sectors. As the largest title insurance company in the nation, FNF operates under several well-known brands, issuing more title insurance policies than any competitor.
F&G Annuities & Life, Inc. (NYSE: FG) focuses on delivering insurance solutions to both retail and institutional clients. Headquartered in Des Moines, Iowa, F&G is committed to assisting Americans in achieving their financial aspirations.
Disclaimer and Forward-Looking Statements
This announcement contains forward-looking statements, which are subject to risks and uncertainties. Actual results may differ materially from those projected, and FNF undertakes no obligation to update these statements. Risks include changes in economic conditions, real estate market fluctuations, and compliance with legislative requirements.