Fidelity National Announces Special Stock Distribution Ratio of 12%
Fidelity National (FNF) and F&G Annuities (FG), a majority-owned subsidiary of FNF, announced that FNF's Board of Directors has determined the final distribution ratio relating to its previously announced special stock distribution to FNF shareholders. The distribution will consist of 16,280,204 shares of F&G common stock owned by FNF, representing approximately 12% of the outstanding shares of F&G common stock. The Distribution will be made on December 31, 2025 to FNF shareholders of record as of 4:30 p.m. ET on December 17, 2025. The distribution will consist of a pro rata common stock distribution to each FNF shareholder of record as of the record date. As of the Record Date, FNF had 271,336,723 shares of its common stock, par value 0.01c per share, outstanding. Based on such number, FNF shareholders will receive six shares of F&G common stock for every 100 shares of FNF common stock held as of the Record Date. No fractional shares of F&G common stock will be distributed. Instead, FNF shareholders will receive cash in lieu of any fraction of a share of F&G common stock that they otherwise would have received. The Distribution of F&G common stock, and any cash in lieu of fractional shares, will be structured as a taxable distribution that is expected to be treated as a dividend to FNF shareholders for U.S. federal income tax purposes.
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American Investors Become More Risk Averse Amid Financial Fears
- Risk Aversion Trend: According to F&G's annual survey, 77% of American investors are pulling back on risk investments due to concerns over healthcare, inflation, and AI, indicating heightened economic anxiety.
- Declining Financial Confidence: The survey reveals that increased economic burdens are eroding investors' confidence in their financial situations, which is impacting their retirement planning and investment decisions.
- Rising Demand for Insurance Solutions: As risk aversion rises, F&G, as a provider of insurance solutions, may experience increased demand for annuity and life insurance products, potentially driving business growth.
- Market Impact Analysis: The trend of risk aversion among investors could lead to decreased market liquidity, affecting stock market performance, especially amid growing economic uncertainties.
American Investors Become Increasingly Risk Averse Amid Financial Fears
- Rising Risk Aversion: According to F&G's sixth annual Risk Tolerance Tracker, 77% of Americans report becoming more cautious over the past year, a 4 percentage point increase from last year, indicating the ongoing erosion of household financial confidence due to economic pressures.
- Increased Anxiety Among Middle-Aged: Among Americans in their 40s, 81% report becoming more risk averse, highlighting the mounting financial anxiety at a critical stage defined by housing costs and family obligations, which complicates retirement planning.
- Healthcare Cost Concerns Surge: The survey reveals that worries about healthcare and long-term care costs have risen from sixth to second place, now at 31%, indicating that alongside inflation, Americans are increasingly anxious about future medical expenses.
- Lack of Professional Guidance: Despite heightened financial stress, 54% of respondents indicate they do not work with a financial professional, suggesting that many are navigating these challenges without adequate support amid economic uncertainty.
