FG Annuities Life, Inc. (NYSE: FG) ("FG or the Company") today announced the closing of a $250 million preferred stock investment from parent Fidelity National Financial, Inc. ("FNF").  FG 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 FG'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. Unless earlier converted at the option of the holder, each outstanding share of the Mandatory Convertible Preferred Stock will automatically convert into shares of common stock of FG on January 15, 2027 (the "Mandatory Conversion Date"). Upon conversion on the Mandatory Conversion Date, the conversion rate for each

FGL Holdings (NYSE: FG) (FG or the Company), a leading provider of fixed indexed annuities and life insurance, today announced that the Company has entered into a merger agreement pursuant to which Fidelity National Financial, Inc. (NYSE: FNF) (FNF), the leading provider of title insurance and closing and settlement services to the real estate and mortgage industries, will acquire FG for $12.50 per share, representing an equity value of approximately $2.7 billion. The transaction was approved by a Special Committee of FG Directors, a Special Committee of FNF Directors and the FNF Board of Directors. Under the terms of the merger agreement, holders of FGs ordinary shares (other than FNF and its subsidiaries) may elect to receive either (i) $12.50 per share in cash or (ii) 0.2558 of a share of FNF common stock for each ordinary share of FG they own. This is subject to an election and proration mechanism such that the