Chairman Bill Foley said F&G’s performance has exceeded expectations since the acquisition.

March 29, 2022 by Mark Basch

Fidelity National Financial Inc. is back in the spinoff business.

The Jacksonville-based title insurance company, which has a history of buying and spinning off other businesses, announced a plan March 16 for its F&G Annuities & Life subsidiary to become a publicly traded company.

Fidelity, which acquired F&G’s parent company for $2.7 billion in June 2020, will give its shareholders 15% of F&G and retain an 85% interest in the business.

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Originally Posted at JDR on March 25, 2022 by Mark Basch.