Fidelity National Closes on Fidelity & Guaranty Life
June 2, 2020 by Allison Bell
The U.S. individual annuity now has a major new player: Fidelity National Financial Inc.
The Jacksonville, Florida-title insurer closed on FGL Holdings Monday. FGL is the George Town, Cayman Islands-based holding company that controls Fidelity & Guaranty Life Insurance Company (F&G), which has its main offices in Des Moines, Iowa.
F&G generated $3.6 billion in annuity revenue in 2019, and it ranked 25th in the United States in terms of U.S. annuity revenue market share, according to the National Association of Insurance Commissioners’ latest insurer market share report.
F&G ranked just below OneAmerica Financial Partners Group and AEGON’s Transamerica unit, which each generated about $4.1 billion in 2019 U.S. annuity revenue.
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