F&G

F&G is the consumer-facing brand associated with F&G Annuities & Life, Inc., a United States financial-services and insurance company headquartered in Des Moines, Iowa. Its principal business is the design, underwriting, and distribution of annuities and life-insurance products, together with pension buyout and related institutional solutions. The company operates across the United States, with products generally available in all states and the District of Columbia; New York business is written through a wholly owned New York-domiciled subsidiary. The business was incorporated in Maryland in 1959 and began operating in 1960. It was originally established to write individual life insurance and annuity business. For much of its early history, it was connected to United States Fidelity and Guaranty Company and its holding-company structure. The company subsequently passed through several ownership and organizational changes. Following the 1998 combination of USF&G with The St. Paul Companies, it became part of the St. Paul insurance group. Old Mutual acquired the business in 2001, and an internal reorganization later placed it under Omnia Life Insurance Company. In 2007, the company adopted the name OM Financial Life Insurance Company. During the late 2000s, it participated in the industry debate over the proposed treatment of fixed indexed annuities under Securities and Exchange Commission Rule 151A. The rule was challenged in court and was ultimately not implemented in the proposed form. In 2011, Old Mutual sold its life and annuity operations to Harbinger Group. Under the new ownership, the company returned to the Fidelity & Guaranty Life name, and Lee Launer was appointed to lead it. The company announced a headquarters relocation to Des Moines in 2013, citing operating-cost considerations and the advantages of being located near a major concentration of insurance businesses and regulators. It also pursued a public offering during that period. After a proposed 2015 sale to Anbang Insurance was not completed, the business was acquired by CF Corporation in 2017. CF Corporation subsequently adopted the name FGL Holdings. Christopher Blunt became president and chief executive officer in 2018, succeeding Christopher Littlefield. In 2019, FGL Holdings introduced the F&G brand and renamed the operating company to distinguish its business from other organizations using the Fidelity name. FGL Holdings agreed later that year to be acquired by Fidelity National Financial, a previously unrelated company. The transaction closed in 2020, making F&G part of Fidelity National Financial's broader financial-services group. The company also announced a move within downtown Des Moines to leased offices in 801 Grand. F&G's offering includes fixed-rate and fixed-indexed deferred annuities, immediate annuities, individual life insurance, and pension-risk-transfer or pension-buyout services. Its brand positioning centers on retirement security, income planning, protection, and long-term financial resilience. The business returned to public trading in December 2022 following a 15% stock issuance, while continuing to operate as an insurance-focused subsidiary within the Fidelity National Financial group.

F&G's operating history began with its incorporation in Maryland in 1959 and commencement of business in 1960. The company was formed primarily to write individual life insurance and annuity products. Until 1995 it was wholly owned by United States Fidelity and Guaranty Company, while USF&G Corporation served as the ultimate controlling entity. A major ownership transition began when The St. Paul Companies announced its acquisition of USF&G in 1998. Following the merger, the life and annuity company became part of the St. Paul insurance organization and, after a 1999 merger-related reorganization, a direct subsidiary of St. Paul Fire and Marine Insurance Company. Old Mutual acquired the business in 2001 for a reported purchase price of $635 million. In 2002, Old Mutual reorganized its United States insurance holdings and transferred the company to Omnia Life Insurance Company. The operating company changed its name to OM Financial Life Insurance Company effective in 2007. In 2009, it became involved in the insurance industry's response to SEC Rule 151A, which proposed treating indexed annuities as securities subject to registration and distribution requirements. A legal challenge was filed against the SEC's authority to regulate fixed indexed annuities in that manner, and legislation was introduced seeking an exemption. The proposal generated industry opposition and did not become the enduring regulatory framework for the products. Old Mutual sold its life and annuity business to Harbinger Group in 2011. Harbinger appointed Lee Launer, formerly associated with MetLife, to run the operation. The company subsequently returned to the Fidelity & Guaranty Life name. In 2013, it announced a move of its headquarters to Des Moines and pursued an initial public offering. Chris Littlefield, formerly chief executive of Aviva USA, joined the company and later became its chief executive. In 2015, Fidelity & Guaranty Life announced an agreement to be sold to Anbang Insurance, but that transaction was terminated. The company was acquired instead by CF Corporation in 2017, after which CF Corporation became FGL Holdings. Christopher Blunt was appointed president and chief executive officer in 2018. The business adopted the F&G identity in 2019. The rebrand was intended to differentiate the company from other businesses with Fidelity in their names. Later that year, FGL Holdings agreed to be acquired by Fidelity National Financial. The acquisition closed in 2020, making F&G a subsidiary of the previously unrelated Fidelity National Financial group. The company announced a relocation from the Two Ruan building to leased space in 801 Grand in downtown Des Moines. In December 2022, F&G returned to public trading following a 15% stock issuance. Today, F&G focuses on annuities, individual life insurance, and pension buyout services. Its annuity portfolio includes fixed indexed, fixed-rate, deferred, and immediate products. Insurance policies are offered throughout the United States and the District of Columbia, with New York products distributed through a wholly owned New York subsidiary.

1. 2022Returns to public trading

   F&G returned to public trading following a 15% stock issuance.

   Source
2. 2020Becomes part of Fidelity National Financial

   Fidelity National Financial completed its acquisition of FGL Holdings.

   Source
3. 2019F&G brand introduced

   The company rebranded as F&G to create a distinct market identity.

   Source
4. 2017Acquired by CF Corporation

   Following the termination of the proposed Anbang transaction, CF Corporation acquired the company and later became FGL Holdings.

   Source
5. 2013Headquarters relocation and IPO process

   The company announced its move to Des Moines and filed registration materials for a public offering.

   Source
6. 2011Harbinger Group acquisition

   Old Mutual sold its life and annuity business to Harbinger Group, after which the company restored the Fidelity & Guaranty Life name.

   Source
7. 2007Name changed to OM Financial Life Insurance Company

   The operating company adopted the OM Financial Life Insurance Company name.

   Source
8. 2001Acquired by Old Mutual

   Old Mutual acquired the business and placed it within its United States life-insurance holding structure.

   Source
9. 1998USF&G is acquired by The St. Paul Companies

   The acquisition placed the company within the St. Paul insurance group.

   Source
10. 1960Business operations begin

    The company commenced business operations.

    Source
11. 1959Company incorporated

    The company was incorporated under Maryland law to write individual life insurance and annuity business.

    Source

A retirement and protection-focused insurance brand providing annuity income, life-insurance coverage, and institutional pension-risk-transfer solutions.

• Fixed indexed annuitiesAnnuities

  Deferred annuity contracts whose credited interest is linked in part to the performance of selected market indexes, subject to contract terms, participation features, caps, spreads, and applicable guarantees. They are designed for customers seeking tax-deferred accumulation and future retirement income without direct ownership of the underlying indexes.

• Fixed-rate annuitiesAnnuities

  Deferred annuity products that credit interest according to fixed contractual terms rather than directly tracking an equity index. They are intended to provide accumulation and a predictable framework for converting savings into retirement income.

• Immediate annuitiesAnnuities

  Annuity contracts structured to begin scheduled income payments shortly after purchase. These products are used by individuals or institutions seeking to convert a lump sum into a stream of payments under specified duration and payout terms.

• Individual life insuranceLife insurance

  Life-insurance policies designed for individual policyholders and their beneficiaries. The company has historically been organized around individual protection products as well as annuities, with product availability subject to state approvals and subsidiary arrangements.

• Pension buyout servicesInstitutional retirement solutions

  Institutional solutions for pension sponsors seeking to transfer some or all responsibility for defined-benefit pension obligations to an insurer. These arrangements are part of the company's pension-risk-transfer and pension buyout business.

• 2019Introduces the F&G brandStrategy

  The company sought to distinguish itself from other businesses using the Fidelity name.

  What changed. FGL Holdings rebranded Fidelity & Guaranty Life as F&G.

  Aftermath. F&G became the principal commercial identity used for the company's insurance and retirement offerings.

  Source
• 2019Agreement to join Fidelity National FinancialM&A

  FGL Holdings entered a transaction with Fidelity National Financial, which had not previously been the company's parent.

  What changed. Fidelity National Financial agreed to acquire FGL Holdings; the transaction closed in 2020.

  Aftermath. F&G became part of Fidelity National Financial's group of financial-services businesses.

  Source
• 2015Proposed sale to Anbang InsuranceM&A

  Fidelity & Guaranty Life sought a strategic transaction with the Chinese insurer Anbang Insurance.

  What changed. The company announced an agreement to be sold to Anbang, but the transaction was later terminated.

  Aftermath. The business was subsequently acquired by CF Corporation in 2017.

  Source
• 2013Relocates headquarters to Des MoinesStrategy

  Management cited lower operating costs and the benefits of operating near an established insurance market and regulatory environment.

  What changed. The company announced that its headquarters would move to Des Moines, Iowa.

  Aftermath. Des Moines became the company's headquarters and remained its principal corporate location.

  Source
• 2011Sale of life and annuity business to Harbinger GroupM&A

  Old Mutual decided to sell its life and annuity operations as part of a broader portfolio transaction.

  What changed. Harbinger Group completed the acquisition and appointed Lee Launer to lead the company.

  Aftermath. The operating company restored the Fidelity & Guaranty Life name and continued developing its annuity and life-insurance business.

  Source
• 2007Adopts the OM Financial Life Insurance Company nameStrategy

  An internal Old Mutual group reorganization preceded the company's formal name change.

  What changed. The board approved an amendment to the charter, effective January 1, changing the operating company's name to OM Financial Life Insurance Company.

  Aftermath. The company later returned to the Fidelity & Guaranty Life name after its acquisition by Harbinger Group.

  Source

• 2022F&G returns to public trading

  F&G returned to public trading following a stock issuance reported as 15% of the company's shares.

  Other
  Source
• 2019Fidelity & Guaranty Life adopts the F&G brand

  FGL Holdings rebranded Fidelity & Guaranty Life as F&G in an effort to establish a distinct identity separate from other businesses using the Fidelity name.

  Other
  Source
• 2019FGL Holdings agrees to be acquired by Fidelity National Financial

  FGL Holdings entered into an agreement to be acquired by Fidelity National Financial. The transaction closed in 2020 and placed F&G within Fidelity National Financial's corporate group.

  M&A
  Source
• 2018Christopher Blunt appointed president and chief executive officer

  FGL Holdings appointed Christopher Blunt to lead the company, replacing Christopher Littlefield.

  Leadership change
  Source
• 2017Proposed Anbang acquisition is terminated

  A previously announced proposed sale to Anbang Insurance did not close. The company was instead acquired by CF Corporation, which later became FGL Holdings.

  M&A
  Source
• 2013Fidelity & Guaranty Life announces Des Moines headquarters relocation

  The company announced plans to move its headquarters to Des Moines, Iowa, citing operating-cost considerations and proximity to an established insurance market.

  Other
  Source
• 2013Fidelity & Guaranty Life pursues public offering

  The company filed an SEC registration statement as part of its plan to complete an initial public offering.

  Other
  Source
• 2011Old Mutual announces sale of life and annuity business to Harbinger Group

  Old Mutual completed the sale of its life and annuity operations to Harbinger Group. The transaction returned the business to independent ownership and was followed by a leadership change and restoration of the Fidelity & Guaranty Life name.

  M&ALeadership change
  Source

1. F&G