F&G

Unisys Transfers Approximately $200 Million of its U.S. Defined Benefit Pension Obligations to F&G Through the Purchase of Group Annuity Contracts

Retrieved on: 
Monday, April 1, 2024
Insurance, F&G, UIS, Fidelity, BLUE

BLUE BELL, Pa., April 1, 2024 /PRNewswire/ -- Unisys (NYSE: UIS) today announced it closed agreements with F&G Annuities & Life, Inc. ("F&G") on March 28th to purchase group annuity contracts totaling almost $200 million using plan assets. Unisys will transfer projected benefit obligations valued at a similar amount related to certain retirees under one of the company's U.S. qualified pension plans to F&G.

Key Points: 
  • Unisys will transfer projected benefit obligations valued at a similar amount related to certain retirees under one of the company's U.S. qualified pension plans to F&G.
  • There will be no changes to the gross amount, timing, or form of the monthly pension benefit payments.
  • Unisys anticipates this action will result in a first quarter one-time, non-cash, pre-tax settlement charge of approximately $129 million.
  • Since the purchase will be made by the pension trust, there will be no impact on the company's cash position.

F&G Annuities & Life Launches Its First Registered Index-Linked Annuity, F&G Confidence Builder

Retrieved on: 
Tuesday, February 13, 2024
Prospectus, J.D. Power, Fidelity, SVP, F&G, Growth, Retirement, Buffer, Risk, FINRA, BofA Securities, Bank of America, FG, FGSL, Appetite, Insurance

DES MOINES, Iowa, Feb. 13, 2024 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) ("F&G" or "Company"), a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, has launched its first Registered Index-Linked Annuity (RILA), F&G Confidence BuilderSM. The Company's newest product addresses retirement challenges from volatility to inflation, seeking to find a balance between managing risk and long-term growth potential. 

Key Points: 
  • Confidence Builder enhances F&G's expanding retail product suite, backed by the Company's number one ranking from J.D.
  • Confidence Builder personalizes investment strategies through customizable crediting periods, diverse crediting methods, tailored level of downside protection depending on individual preference and a broad range of index options.
  • That's precisely what F&G Confidence Builder's Hindsight 20/20 offers for clients," said Tom Olson, SVP, Financial Institutions Distribution for F&G.
  • For more complete information about F&G registered index-linked annuities, call your financial professional or F&G at 888.513.8797 for a prospectus.

F&G Annuities & Life Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

Retrieved on: 
Wednesday, February 7, 2024
F&G, FG, Webcast, Insurance, International

DES MOINES, Iowa, Feb. 7, 2024 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) ("F&G"), a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, will release fourth quarter and full year 2023 earnings after the close of regular market trading on Wednesday, February 21, 2024.

Key Points: 
  • DES MOINES, Iowa, Feb. 7, 2024 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) ("F&G"), a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, will release fourth quarter and full year 2023 earnings after the close of regular market trading on Wednesday, February 21, 2024.
  • A webcast and conference call to discuss the results will follow at 9:00 a.m. Eastern Time on Thursday, February 22, 2024.
  • Additional information about quarterly financial results, including the earnings release, will be available on the Investor Relations web site at www.fglife.com .
  • The event can be accessed the following ways:
    The conference call replay will be available via webcast through F&G's Investor Relations website at www.fglife.com .

Machine Safety Market worth $7.0 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, February 7, 2024
Sick AG, Telemetry, Honeywell, IDEC Corporation, Statistics, Industrial internet of things, Row, SCADA, General Electric, Safety, Industrial, Oil, Mobile robot, Rockwell Automation, Component, Schneider Electric, Machine, Growth, PLC, TMC, Omron, F&G, Electricity, Automation, Accident, Food, ABB, B cell, MES, DCS, Yokogawa Electric, Mitsubishi Electric, HMI, Machine vision, ESD, BMS, PAM, TIC, Light-emitting diode, Pneumatics

The Machine Safety Systems market is thriving with the surge in automation, strict safety standards, and a heightened focus on workplace safety.

Key Points: 
  • The Machine Safety Systems market is thriving with the surge in automation, strict safety standards, and a heightened focus on workplace safety.
  • The Programmable Safety Systems market is experiencing robust growth owing to escalating automation trends and stringent safety norms.
  • Asia Pacific is expected to grow at the highest CAGR in the Machine safety market from 2024 to 2029.
  • In the Asia-Pacific region, the Machine Safety industry is experiencing significant growth, propelled by rapid industrialization, heightened automation, and increased attention to worker safety.

Machine Safety Market worth $7.0 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, February 7, 2024
Sick AG, Telemetry, Honeywell, IDEC Corporation, Statistics, Industrial internet of things, Row, SCADA, General Electric, Safety, Industrial, Oil, Mobile robot, Rockwell Automation, Component, Schneider Electric, Machine, Growth, PLC, TMC, Omron, F&G, Electricity, Automation, Accident, Food, ABB, B cell, MES, DCS, Yokogawa Electric, Mitsubishi Electric, HMI, Machine vision, ESD, BMS, PAM, TIC, Light-emitting diode, Pneumatics

The Machine Safety Systems market is thriving with the surge in automation, strict safety standards, and a heightened focus on workplace safety.

Key Points: 
  • The Machine Safety Systems market is thriving with the surge in automation, strict safety standards, and a heightened focus on workplace safety.
  • The Programmable Safety Systems market is experiencing robust growth owing to escalating automation trends and stringent safety norms.
  • Asia Pacific is expected to grow at the highest CAGR in the Machine safety market from 2024 to 2029.
  • In the Asia-Pacific region, the Machine Safety industry is experiencing significant growth, propelled by rapid industrialization, heightened automation, and increased attention to worker safety.

F&G Annuities & Life Announces $250 Million Investment From Fidelity National Financial

Retrieved on: 
Tuesday, January 16, 2024
Fidelity National Financial, F&G, Committee, Insurance, FG, Regulation D, Sale, Sullivan & Cromwell, FNF, Barclays, Oliver Cromwell, Growth, Security (finance)

DES MOINES, Iowa, Jan. 16, 2024 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) ("F&G or the Company") today announced the closing of a $250 million preferred stock investment from parent Fidelity National Financial, Inc. ("FNF").

Key Points: 
  • DES MOINES, Iowa, Jan. 16, 2024 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) ("F&G or the Company") today announced the closing of a $250 million preferred stock investment from parent Fidelity National Financial, Inc. ("FNF").
  • F&G intends to use net proceeds from the investment to support the growth of its insurance company subsidiaries.
  • Under the terms of the agreement, FNF has agreed to invest $250 million in exchange for 5,000,000 shares of F&G's 6.875% Series A Mandatory Convertible Preferred Stock, par value $0.001 per share (the "Mandatory Convertible Preferred Stock").
  • Each share of Mandatory Convertible Preferred Stock will have a liquidation preference of $50.00 per share.

AM Best Upgrades Credit Ratings of Fidelity & Guaranty Life Holdings, Inc. and Its Life/Health Subsidiaries

Retrieved on: 
Friday, January 12, 2024
Banking, Professional Services, Insurance, Finance, Fidelity National Financial, Credit, Overalls, ALL, Good, Fidelity, GAAP, F&G, Risk management, FNF, FGL, News, AM Best, Security (finance)

These subsidiaries of Fidelity & Guaranty Life Holdings, Inc. (FGLH) (Delaware), are referred to collectively as Fidelity & Guaranty Life Group (FGL).

Key Points: 
  • These subsidiaries of Fidelity & Guaranty Life Holdings, Inc. (FGLH) (Delaware), are referred to collectively as Fidelity & Guaranty Life Group (FGL).
  • The outlook of these Credit Ratings (ratings) has been revised to stable from positive.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Unisys Transfers a Portion of its U.S. Defined Benefit Pension Obligations to F&G Through $250 Million of Group Annuity Contracts

Retrieved on: 
Monday, November 27, 2023
UIS, BLUE, FG, NYSE, Insurance, Fidelity, F&G, Life insurance, Unisys

BLUE BELL, Pa., Nov. 27, 2023 /PRNewswire/ -- Unisys (NYSE: UIS) today announced it has closed agreements with F&G Annuities & Life, Inc. (NYSE: FG) ("F&G") to purchase group annuity contracts totaling approximately $250 million through which Unisys will transfer projected benefit obligations valued at a similar amount related to certain retirees under one of the company's U.S. pension plans to F&G.

Key Points: 
  • There will be no changes to the gross amount, timing, or form of the monthly pension payments.
  • Unisys anticipates this action will result in a one-time, non-cash, pre-tax settlement charge of approximately $244 million.
  • Since the purchase will be made by the pension trust, there will be no impact on the company's cash position.
  • "Purchasing these annuity contracts demonstrates the company's continued commitment to de-risking its pension obligations.," said Unisys Chief Financial Officer Deb McCann.

F&G Annuities & Life Announces Third Quarter 2023 Earnings Release and Conference Call

Retrieved on: 
Tuesday, October 24, 2023
F&G, FG, Insurance, NYSE, Webcast, International, Financial services

DES MOINES, Iowa, Oct. 24, 2023 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) ("F&G"), a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, will release third quarter 2023 earnings after the close of regular market trading on Tuesday, November 7, 2023.

Key Points: 
  • DES MOINES, Iowa, Oct. 24, 2023 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) ("F&G"), a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, will release third quarter 2023 earnings after the close of regular market trading on Tuesday, November 7, 2023.
  • A webcast and conference call to discuss the results will follow at 9:00 a.m. Eastern Time on Wednesday, November 8, 2023.
  • Additional information about quarterly financial results, including the earnings release, will be available on the Investor Relations web site at www.fglife.com .
  • The telephone replay will be available from 1:00 p.m. Eastern Time on November 8, 2023, through November 22, 2023, by dialing 1-844-512-2921 (USA) or 1-412-317-6671 (International).

Satisfaction with Life Insurance and Annuity Products Climbs as Customers Embrace Digital, J.D. Power Finds

Retrieved on: 
Thursday, October 12, 2023
Professional Services, Apps, Applications, Technology, Insurance, Asset Management, Digital Cash Management, Digital Assets, MassMutual, Fidelity, J.D. Power, Intelligence, SM, Communication, F&G, State Farm, Orientation, Financial adviser, Nationwide

Individual Annuity Study,SM both released today, customer satisfaction is climbing as more customers make use of digital tools and start using life insurance and annuities for financial planning in addition to final planning (e.g., death benefits, burial insurance).

Key Points: 
  • Individual Annuity Study,SM both released today, customer satisfaction is climbing as more customers make use of digital tools and start using life insurance and annuities for financial planning in addition to final planning (e.g., death benefits, burial insurance).
  • “But outside of that, customer satisfaction and engagement have generally declined the longer customers hold onto these products.
  • When life insurance customers who purchased through an agent or advisor interact only non-digitally, satisfaction is 795.
  • Individual Life Insurance Study measures the experiences of customers of the largest individual life insurance companies in the United States.