DES
MOINES, Iowa, Dec. 8, 2022
/PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG)
("F&G" or "the Company"), a leading provider of annuity and
life insurance products, today announced that its Board of
Directors has declared an inaugural quarterly cash dividend of
$0.20 per share of common stock,
pursuant to the previously announced dividend program in which the
Company intends to pay quarterly cash dividends on its common stock
at an initial aggregate amount of approximately $100 million per year. The dividend will be
payable January 31, 2023, to
stockholders of record as of January 17,
2023.
Chris Blunt, President and Chief
Executive Officer of F&G stated, "Our decision to pay our
inaugural cash dividend demonstrates not only the underlying
strength in our business but also our commitment to creating value
for our shareholders. Looking forward, we will continue to balance
our capital allocation strategy as we focus on driving growth while
also returning a steady stream of cash flow to our
shareholders."
F&G intends to pay regular quarterly cash dividends with all
future dividend payments subject to quarterly review and approval
by its Board of Directors and any required regulatory approvals,
based on the Company's view of the prevailing and prospective
macroeconomic conditions, regulatory landscape and business
performance. The Company will announce the record date and payment
date for each future dividend following completion of the relevant
fiscal quarter and expects future dividends to be paid in the third
month of each subsequent quarter.
About F&G
F&G Annuities & Life, Inc. is committed to helping
Americans turn their aspirations into reality. F&G is a leading
provider of insurance solutions serving retail annuity and life
customers and institutional clients and is headquartered in
Des Moines, Iowa. For more
information, please visit www.fglife.com.
Contact:
Lisa Foxworthy-Parker
SVP of Investor & External Relations
515.330.3307
Investor.relations@fglife.com
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SOURCE F&G Annuities & Life, Inc.