F and G (Fidelity)

F&G, the consumer brand for Fidelity & Guaranty Life Insurance Company (NAIC 63274), has grown through a series of ownership and strategy shifts that mirror the broader annuity market. Company timelines describe an origin in 1959 and a progression from traditional life insurance into products designed for retirement risk. [1][2] As indexed products gained popularity, F&G became known for fixed indexed annuities and fixed indexed universal life, aiming to offer principal protection with crediting tied to market indexes. [3]

Its corporate path shows repeated repositioning: the company history notes prior ownership by Old Mutual, a later partnership with Blackstone as investment manager, and a 2019 rebrand to the simplified F&G name. [1] In 2020, the organization became part of Fidelity National Financial's insurance platform, and it has continued expanding within the retirement-services ecosystem. [1] These moves helped the carrier navigate long stretches of low interest rates after the 2008 crisis by emphasizing products and investment management that could compete for retirement savings even when traditional spreads were pressured.

Public regulator listings confirm the legal entity and licensure status, while the most detailed disclosures about reserves, asset strategy, and reinsurance (if used) typically live in statutory filings and rating-agency analysis rather than marketing summaries. [2][3]

F and G (Fidelity & Guaranty Life)

• Corporate Owner: Fidelity National Financial (FNF)
• Corporate Mailing Address: 801 Grand Avenue, Des Moines, IA 50309

Rich History & Highlights

• 1959: Founded as Fidelity and Guaranty Life, the life subsidiary of P&C giant USF&G.
• 1998: St. Paul Acquisition: The St. Paul Companies acquires USF&G (including the life unit).
• 2001: Old Mutual Era: St. Paul sells the life unit to Old Mutual plc (South Africa) for $635 million. It was renamed OM Financial Life for a brief period.
• 2011: HRG Takeover: Harbinger Group (HRG) acquires the company from Old Mutual and restores the Fidelity & Guaranty Life (F&G) brand.
• 2020: FNF Acquisition: Title insurance giant Fidelity National Financial (FNF) acquires F&G for $2.7 billion.

Source: F&G Corporate History | Insurance Journal (Old Mutual Sale)

Sources: [1] https://www.fglife.com/about; [2] https://insurance.illinois.gov/applications/RegEntPortal/ViewEntityDetails.aspx?en=300500&s=Active&t=INS; [3] https://www.annuityadvantage.com/insurance-companies/fidelity-guaranty-life-insurance-company/.