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FGL Holdings

fglife.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2020 10-Q, filed May 6, 2020. Its latest SEC filing is a 15-12B from Jun 15, 2020.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Sells fixed annuities and life insurance to middle-income Americans. Also reinsures annuity business for other insurers.

Who Were Their Customers?

Customers are middle-income Americans buying retirement and life-insurance products, usually through independent agents supported by independent marketing organizations. FGL's insurer issues and services the policies.

How Were They Changing?

Since the FY2019 annual report
Latest quarter: Q3 FY2020, the three months to Mar 31, 2020
Revenue
▼ Now a loss
vs $600M in Q3 FY2019
Net income
▼ Now a loss
vs $171M in Q3 FY2019
  • Jun 1, 2020 Fidelity National Financial completed its acquisition of FGL Holdings FGL became a wholly owned FNF subsidiary; former shareholders received cash or FNF shares.

From shell to insurer The older report described a blank-check company with no operations, seeking a business combination. The latest describes an insurer selling annuities and life insurance and reinsuring annuity blocks.

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