UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 10-K/A

(Mark One)

xANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 20222023


OR

¨TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number 001-41490

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F&G Annuities & Life, Inc.

(Exact name of registrant as specified in its charter)

Delaware85-2487422
Delaware85-2487422
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)

801 Grand Avenue, Suite 2600

Des Moines, Iowa50309

(Address of principal executive offices, including zip code)

(515)

(515) 330-3340

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, par value $0.001 per shareFGNew York Stock Exchange




Securities registered pursuant to section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ¨Nox

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes No¨ No

x

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past 90 days.    Yesx    No   ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yesx   No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer¨Accelerated filerx
Non-accelerated filer  ¨Smaller reporting company¨
Emerging growth company¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

¨

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report    Yes  x   No ¨

If the company’s securities are registered under Section 12(b), indicate by check mark whether the company’s financial statements included in the Form 10-K reflect the correction of an error to previously issued financial statements.      Yes  ¨   No x

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the company’s executive officers during the relevant recovery period pursuant to Rule 10D-1(b) under the Exchange Act.     Yes  ¨No x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).     Yes  ¨   No x

As of the last business day of the registrant’s most recently completed second fiscal quarter, the registrant’s Common Stock was not publicly traded.

The registrant had outstanding 126,379,456126,149,030 shares of common stock as of April 18, 2023.

15, 2024
.

Ernst & Young LLP

Des Moines, Iowa

Auditor Firm ID 42



 




EXPLANATORY NOTE

This Amendment No. 1 (the “Amendment”Amendment) on Form 10-K/A is being filed with respect to the Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022,2023, filed with the Securities and Exchange Commission on February 27, 202329, 2024 (the “Original Filing”Original Filing). The Company is filing this Amendment solely to present the information required by Part III (Items 10, 11, 12, 13 and 14) of Form 10-K, which was previously omitted from the Original Filing in reliance on General Instruction G(3) to Form 10-K.

As a result of this Amendment, the Company is filing as exhibits to this Form 10-K/A the certifications required under Section 302 of the Sarbanes-Oxley Act of 2002. Because no financial statements are contained within this Form 10-K/A, the Company is not including certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

Except as otherwise expressly set forth herein, this Amendment (i) does not amend or otherwise update any other information in the Original Filing (ii) does not reflect events occurring after the date of the Original Filing or (iii) modify or update those disclosures that may have been affected by subsequent events. Accordingly, this Amendment should be read in conjunction with the Original Filing and with our filings with the SEC subsequent to the Original Filing.

Terms used but not otherwise defined in the Amendment have such meaning as ascribed to them in the Original Filing. Except where otherwise noted, all references to “we”, “us”, “our”, the “Company” or “F&G” are to F&G Annuities & Life, Inc. and its subsidiaries, taken together.





TABLE OF CONTENTS

PART III1
ITEM 10
ITEM 11
ITEM 12
ITEM 13
ITEM 14
PART IV30
ITEM 1530

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PART III

ITEM 10.DIRECTORS AND OFFICERS OF THE REGISTRANT

ITEM 10.    DIRECTORS AND OFFICERS OF THE REGISTRANT

Certain Information about our Directors

Certain biographical information for our directors is below.

Nominees for Class II Directors - Term Expiring in 2027 (if elected)

NamePositionAge
Nominees for Class I Directors - Term Expiring 2026Douglas K. AmmermanChairman of the Audit Committee72
NamePositionMember of the Compensation Committee
Member of the Nominating and Governance Committee
Celina J. Wang DokaDirector63
Raymond R. QuirkDirector77

Douglas K. Ammerman: Mr. Ammerman has served on our board of directors since December 2022. Mr. Ammerman has also served as a director of Fidelity National Financial, Inc. (FNF) since 2005. Mr. Ammerman is a retired partner of KPMG LLP, where he became a partner in 1984. Mr. Ammerman formally retired from KPMG in 2002. He also serves as a director of Stantec Inc. since September 2011, where he serves as Chairman, as a director of Dun & Bradstreet Holdings, Inc. since February 2019, and as a director of Cannae Holdings, Inc. since February 2024. Mr. Ammerman formerly served on the boards J. Alexander’s Holdings, Inc. and Foley Trasimene Acquisition Corp. Mr. Ammerman’s qualifications to serve on the F&G board of directors include his financial and accounting background and expertise, including his 18 years as a partner with KPMG, and his experience as a director on the boards of other companies.

Celina J. Wang Doka: Ms. Doka has served on our board of directors since July 2023. Ms. Doka is a retired audit partner of KPMG LLP where she led KPMG’s Building, Construction and Real Estate practice in the firm’s Orange County office, served on KPMG’s Partnership Audit Committee, and co-led the Orange County Chapter of KPMG’s Network of Women. She also serves as a director of Stantec Inc. since March 2023. She is currently the Immediate Past President of the Board of Directors of Human Options, a non-profit organization focused on ending the cycle of domestic violence, and formerly chaired the Advisory Board for the University of California at Irvine’s Paul Merage School of Business, Program for Real Estate Management. Ms. Doka’s qualifications to serve on the F&G board of directors include her financial and accounting background and expertise, including her 39 years with KPMG, where she provided accounting and auditing services for a wide variety of public and private clients, specializing in the real estate, investment management, civil engineering, medical device, life sciences, pharmaceutical and title insurance industries.

Raymond R. Quirk: Mr. Quirk has served on our board of directors since August 2020. Mr. Quirk has served as Executive Vice-Chairman of FNF since February 2022 and formerly served as Chief Executive Officer of FNF from December 2013 to February 2022. He has also served as a director of FNF since February 2017. Previously, he had served as the President of FNF from April 2008 to December 2013. Mr. Quirk served as Co-President of FNF from May 2007 to April 2008 and as Co-Chief Operating Officer of FNF from October 2006 until May 2007. Since joining FNF in 1985, Mr. Quirk has served in numerous executive and management positions, including Executive Vice President, Division Manager and Regional Manager, with responsibilities for managing direct and agency operations nationally. Mr. Quirk formerly served on the board of directors of J. Alexander’s Holdings, Inc. Mr. Quirk’s qualifications to serve on the F&G board of directors include his more than 35 years of experience with FNF, his deep knowledge of our business and industry and his strong leadership abilities.

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Class III Directors - Term Expiring 2025

NamePositionAge
William P. Foley, IIDirector; Executive Chairman of the Board79
Christopher O. BluntDirector; President and Chief Executive Officer61

William P. Foley, II: Mr. Foley has served as Executive Chairman of F&G since November 2022. Mr. Foley is a founder of FNF and has served as Chairman of the board of directors of FNF since 1984. He served as Chief Executive Officer of FNF until May 2007 and as President of FNF until December 1994. Mr. Foley has served as Chief Executive Officer and Chief Investment Officer of Cannae Holdings, Inc. since February 2024, and as Chairman of Cannae Holdings, Inc. since July 2017. Mr. Foley is the Managing Member and a Senior Managing Director of Trasimene Capital Management, LLC, a private company that provides certain management services to Cannae Holdings, Inc., since 2019. Mr. Foley has also served as non-executive Chairman of the board of directors of Dun & Bradstreet Holdings, Inc. since February 2019 and as Executive Chairman since February 2022, Mr. Foley has served as the non-executive Chairman of the board of directors of Alight, Inc. since April 2021 and served on the board of its predecessor, Foley Trasimene Acquisition Corp. from May 2020 until April 2021. From January 2014 to June 2021, Mr. Foley also served as Chairman of the Board of Black Knight, Inc. and its predecessors. He served as non-executive Chairman of the board of directors of Paysafe Limited and its predecessor, Foley Trasimene Acquisition Corp. II, from March 2020 until March 2022. Mr. Foley formerly served as Co-Chairman of FGL Holdings, as a director of Ceridian HCM Holding Inc. from September 2013 to August 2019 and as Vice Chairman of Fidelity National Information Services, Inc. Mr. Foley formerly served on the boards of Austerlitz Acquisition Corporation I and Austerlitz Acquisition Corporation II and Trebia Acquisition Corp., which were blank check companies, but resigned from those boards in April 2021. Mr. Foley formerly served as Chairman of Foley Wines Ltd., a New Zealand company, until March 2023. After receiving his B.S. degree in engineering from the United States Military Academy at West Point, Mr. Foley served in the U.S. Air Force, where he attained the rank of captain. Mr. Foley received his Master of Business Administration from Seattle University and his Juris Doctor from the University of Washington. Mr. Foley serves on the boards of various foundations and charitable organizations. Mr. Foley’s qualifications to serve on the F&G board of directors include more than 30 years as a director and executive officer of FNF, his strategic vision, his experience as a board member and executive officer of public and private companies in a wide variety of industries, and his strong track record of building and maintaining shareholder value and successfully negotiating and executing mergers, acquisitions and other strategic transactions.

Christopher O. Blunt: Mr. Blunt joined F&G in 2019 after 34 years in a variety of insurance, investment management and marketing roles. Prior to joining F&G, from January 2018 to December 2018, he served as Chief Executive Officer of Blackstone Insurance Solutions, after nearly 13 years at New York Life in a variety of executive leadership roles. During his tenure at New York Life, Mr. Blunt was the President of New York Life’s $500 billion Investment Group and previously Co-President of the Insurance and Agency Group, which included the company’s U.S. Life Operations, Seguros Monterrey, and AARP Direct business. Prior to joining New York Life, Mr. Blunt spent 16 years in a variety of senior marketing and distribution roles in the investment management industry, including Chief Marketing Officer - Americas for Merrill Lynch Investment Managers and as a Managing Director and National Sales Manager for Goldman Sachs Asset Management. Mr. Blunt received a B.A. in history from the University of Michigan and an MBA in finance from The Wharton School at the University of Pennsylvania. Mr. Blunt’s qualifications to serve on the F&G board of directors include his many years of leadership experience across multiple institutions in the insurance industry.

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Class I Directors - Term Expiring 2026      

NamePositionAge
John D. Rood
Chairman of the Nominating and Governance Committee
69
Chairman of the Compensation Committee
Member of the Audit Committee
Michael J. NolanDirector64
DougDouglas MartinezDirectorMember of the Audit Committee62

John D. Rood.Rood: Mr. Rood has served on our board of directors since December 2022. Mr. Rood is the founder and Chairman of The Vestcor Companies, a real estate firm with more than 30 years of experience in multifamily development and investment. Mr. Rood has also served on the board of directors of Fidelity National Financial, Inc.FNF since May 2013 and2013. Mr. Rood served on the board of directors of Black Knight, sinceInc. from December 2014.2014 until it was acquired by Intercontinental Exchange, Inc., in September 2023. From 2004 to 2007, Mr. Rood served as the US Ambassador to the Commonwealth of the Bahamas. He was appointed by Governor Jeb Bush to serve on the Florida Fish and Wildlife Commission where he served until 2004. He was appointed by Governor Charlie Crist to the Florida Board of Governors, which oversees the State of Florida University System, where he served until 2013. Mr. Rood was appointed by Mayor Lenny Curry to the JAXPORT Board of Directors, where he served from October 2015 to July 2016. Governor Rick Scott appointed Mr. Rood to the Florida Prepaid College Board in July 2016, where Mr. Rood serves as Chairman of the Board. Mr. Rood served on the Enterprise Florida and Space Coast Florida board of directors from September 2016 until February 2019. He previously served on the board of Alico, Inc. and currently serves on several private boards. Mr. Rood’s qualifications to serve on the F&G board of directors include his many years of experience in the real estate industry, his leadership experience as a United States Ambassador, his financial literacy, his understanding of cyber-securitycybersecurity risks gained through director training programs, and his experience as a director on boards of both public and private companies. Mr. Rood has participated in numerous risk and audit training programs with KPMG, Booz Allen and the National Association of Corporate Directors (NACD). He is a Board Leadership Fellow with NACD.

Michael J. Nolan.Nolan: Mr. Nolan has served on our board of directors since August, 2020. Mr. Nolan has served as Chief Executive Officer of FNF since February 2022 and previously served as President of FNF from January 2016 to February 2022. He served as the Co-Chief Operating Officer of FNF from September 2015 to January 2016. Additionally, he served as President of Eastern Operations for Fidelity National Title Group from January 2013 until March of 2022. He has held various executive and management positions, including Division Manager and Regional Manager from the time he joined FNF in 1983, with responsibilities for managing direct and agency operations for the Midwest and East Coast, FNF’s operations in Canada, IPX, Fidelity’s 1031 exchange company, and Fidelity Residential Solutions, Fidelity’s relocation company. Mr. Nolan’s qualifications to serve on the F&G board of directors include his decades of experience in the insurance industry and many leadership roles.

Doug Martinez.

 

Douglas Martinez: Mr. Martinez has served on our board of directors since April 2023. Mr. Martinez has served as Chairman and CEO of Cross Section Capital, a privately held institution with a focus on Mergersmergers & Acquisitionsacquisitions that also provides an array of traditional investment banking services, since May of 2019. From January 2018 thruto April 2019, Mr. Martinez served as President and Chief Executive Officer for Christian Community Credit Union, a national regulated non-profit banking institution with over 30,000 members. Mr. Martinez previously served as CEO of Cross-Section Ventures, Inc a privately held Creative Technology and Investment entity from May of 2005 thruto February 2018. Mr. Martinez has 38 years of Senior Executivesenior executive leadership experience across multiple areas of management that include sales, strategic marketing, operations, finance, risk management and corporate/board governance. His successful career includes holding Senior Executivesenior executive roles with broad management and governance responsibilities for several global organizations, including Managing Director of American Standard’s Global Faucet and Brass business from June 1984 thruto October 1988, Vice President, Executive Director of Price Pfister Pfaucets (which was sold to the Black & Decker Company in 1990) from November 1988 thruto December 1995. Mr. Martinez also served as Senior Vice President of RSI Home Products from January 1996 thruto March 1999. From February 2000 thruto April 2004 Mr. Martinez was active in the management of several successful private equity investment transactions. Mr. Martinez’s qualifications to serve on the F&G board of directors include his many years of experience in a variety of leadership roles.

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Class II Directors - Term Expiring 2024
NamePosition
Douglas K. Ammerman
Chairman of the Audit Committee
Member of the Compensation Committee
Member of the Nominating and Governance Committee
Raymond QuirkDirector
Douglas K. Ammerman.

 Mr. Ammerman has served on our board of directors since December 2022. Mr. Ammerman has also served as a director of FNF since 2005. Mr. Ammerman is a retired partner of KPMG LLP, where he became a partner in 1984. Mr. Ammerman formally retired from KPMG in 2002. He also serves as a director of Stantec Inc. since 2011, where he serves as Chairman, and as a director of Dun & Bradstreet since February 2019. Mr. Ammerman formerly served on the boards of El Pollo Loco, Inc., J. Alexander’s Holdings, Inc. and Foley Trasimene Acquisition Corp. Mr. Ammerman’s qualifications to serve on the F&G board of directors include his financial and accounting background and expertise, including his 18 years as a partner with KPMG, and his experience as a director on the boards of other companies.

Raymond Quirk. Mr. Quirk has served on our board of directors since August 2020. Mr. Quirk has served as Executive Vice-Chairman of FNF since February 2022 and formerly served as Chief Executive Officer of FNF from December 2013 to February 2022. He has also served as a director of FNF since February 2017. Previously, he had served as the President of FNF from April 2008 to December 2013. Mr. Quirk served as Co-President of FNF from May 2007 to April 2008 and as Co-Chief Operating Officer of FNF from October 2006 until May 2007. Since joining FNF in 1985, Mr. Quirk has served in numerous executive and management positions, including Executive Vice President, Division Manager and Regional Manager, with responsibilities for managing direct and agency operations nationally. Mr. Quirk formerly served on the board of directors of J. Alexander’s Holdings, Inc. Mr. Quirk’s qualifications to serve on the F&G board of directors include his more than 37 years of experience with FNF, his deep knowledge of our business and industry and his strong leadership abilities.

Class III Directors - Term Expiring 2025
NamePosition
William P. Foley, IIDirector; Executive Chairman of the Board
Christopher BluntDirector; President and Chief Executive Officer
William P. Foley, II. Mr. Foley has served as Executive Chairman of F&G since November 2022. Mr. Foley is a founder of Fidelity National Financial, Inc. and has served as Chairman of the board of directors of FNF since 1984. He served as Chief Executive Officer of FNF until May 2007 and as President of FNF until December 1994. Mr. Foley has served as Chairman of Cannae Holdings, Inc. since July 2017 and non-executive Chairman since May 2018. Mr. Foley is the Managing Member and a Senior Managing Director of Trasimene Capital Management, LLC, a private company that provides certain management services to Cannae, since 2019. Mr. Foley has also served as non-executive Chairman of the board of directors of Dun & Bradstreet since February 2019 and as Executive Chairman since February 2022, Mr. Foley has served as the non-executive Chairman of the board of directors of Alight, Inc. since April 2021 and served on the board of its predecessor, FTAC from May 2020 until April 2021. From January 2014 to June 2021, Mr. Foley also served as Chairman of the Board of Black Knight, Inc. and its predecessors. He served as non-executive Chairman of the board of directors of Paysafe and its predecessor, FTAC II, from March 2020 until March 2022. Mr. Foley formerly served as Co-Chairman of FGL Holdings, as a director of Ceridian HCM Holding Inc. from September 2013 to August 2019 and as Vice Chairman of Fidelity National Information Services, Inc. Mr. Foley formerly served on the boards of Austerlitz Acquisition Corporation I and Austerlitz Acquisition Corporation II and Trebia Acquisition Corp., which were blank check companies, but resigned from those boards in April 2021. Mr. Foley’s qualifications to serve on the F&G board of directors include more than 30 years as a director and executive officer of Fidelity National Financial, his strategic vision, his experience as a board member and executive officer of public and private companies in a wide variety of industries, and his strong track record of building and maintaining shareholder value and successfully negotiating and executing mergers, acquisitions and other strategic transactions.
Christopher Blunt. Mr. Blunt joined F&G in 2019 after 34 years in a variety of insurance, investment management and marketing roles. Prior to joining F&G, from January 2018 to December 2018, he served as Chief Executive Officer of Blackstone Insurance Solutions, after nearly 13 years at New York Life in a variety of executive leadership roles. During his tenure at New York Life, Mr. Blunt was the President of New York Life’s $500 billion Investment Group and previously Co-President of the Insurance and Agency Group, which included the company’s U.S. Life Operations, Seguros Monterrey, and AARP Direct business. Prior to joining New York Life, Mr. Blunt spent 16 years in a variety of senior marketing and distribution roles in the investment management industry,
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including Chief Marketing Officer - Americas for Merrill Lynch Investment Managers and as a Managing Director and National Sales Manager for Goldman Sachs Asset Management. Mr. Blunt received a B.A. in history from the University of Michigan and an MBA in finance from The Wharton School at the University of Pennsylvania and currently serves on the Board of Directors of the YMCA of Greater New York, United Way of Central Iowa, and is a Trustee of the American College of Financial Services. Mr. Blunt’s qualifications to serve on the F&G board of directors include his many years of leadership experience across multiple institutions in the insurance industry.
Certain Information About our Executive Officers

The executive officers of the Company are set forth in the table below, together with biographical information, except for Messrs. Blunt and Foley, whose biographical information is included under the section titled “Certain Information about our Directors.”

NamePositionAge
Christopher BluntPresident and Chief Executive Officer6061
William P. Foley, IIExecutive Chairman of the Board7879
Wendy JBJ.B. YoungChief Financial Officer5960
John CurrierPresident - Retail Markets5253
Leena PunjabiChief Investment Officer4445
David MartinChief Risk Officer5455

Wendy JBJ.B. Young.Ms. Young is the Chief Financial Officer of F&G and has served in that role since February 2022. Ms. Young has over 35 years of insurance industry experience and over 20 years with F&G, working in a broad range of actuarial, finance and reinsurance functions. From February 2014 to February 2022, Ms. Young served as F&G’s CRO and CEO of F&G’s Bermuda reinsurance entities. As CFO, Ms. Young oversees all aspects of the corporate finance function including Chief Accounting Office, Corporate Actuarial, FP&A, Capital and Ratings management, Reinsurance Strategy, Tax, Treasury and Transformation.

John Currier.Mr. Currier has served as the President of Retail Markets since February 2021. He is responsible for business unit profit and loss, and he oversees sales, operations, marketing, new business profitability and in-force management. Mr. Currier joined F&G in May 2015 as Deputy Chief Actuary, was named Chief Actuary in October 2016 and was promoted to Chief Actuary and Chief Product Officer in March 2019. Mr. Currier has over 30 years of industry experience.

Leena Punjabi.Ms. Punjabi has served as Chief Investment Officer for F&G since January 2021. She oversees F&G’s investment portfolios in partnership with Blackstone Insurance Solutions. Prior to joining F&G in 2019 as VP, Asset Management, she was a Principal at Mercer where she worked for 13 years providing investment advice to insurance companies and corporate pension plans.

David Martin.Mr. Martin has served as the Company’s Chief Risk Officer since April 2022, overseeing F&G’s enterprise risk management framework. Since joining F&G in 2011, Mr. Martin has been instrumental in supporting F&G’s investment portfolio strategy while serving in various senior roles at F&G, including Co-Chief Investment Officer.

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Codes of Ethics

Our board of directors has adopted a Code of Ethics for Senior Financial Officers, which is applicable to our Chief Executive Officer, our Chief Financial Officer and our Chief Accounting Officer, and a Code of Business Conduct and& Ethics, which is applicable to all our directors, officers and employees. The purpose of these codes is to: (i) promote honest and ethical conduct, including the ethical handling of conflicts of interest; (ii) promote full, fair, accurate, timely and understandable disclosure; (iii) promote compliance with applicable laws and governmental rules and regulations; (iv) ensure the protection of our legitimate business interests, including corporate opportunities, assets and confidential information; and (v) deter wrongdoing. Our codes of ethics are designed to maintain our commitment to our longstanding standards for ethical business practices. Our reputation for integrity is one of our most important assets and each of our employees and directors is expected to contribute to the care and preservation of that asset. Under our codes of ethics, an amendment to or a waiver or modification of any ethics policy applicable to our directors or executive officers must be disclosed to the extent required under Securities and Exchange Commission and/or New York Stock Exchange rules. We intend to disclose any such amendment or waiver by posting it on our website at www.investor.fglife.com. www.investors.fglife.com. Copies of our Code of Business Conduct and& Ethics

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and our Code of Ethics for Senior Financial Officers are available for review on our website at www.investors.fglife.com.

www.investor.fglife.com

.

Audit Committee

We have established a standing audit committee of the Board of Directors in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934. Currently, we utilize a phase-in exemption under the NYSE rules and expect that our audit committee will satisfy the standards promulgated by the NYSE (see “

Certain Relationships and Related Transactions, and Director Independence—Status as a Controlled Company”). The members of the audit committee are Douglas K. Ammerman (Chair) and, John D. Rood.Rood, Douglas Martinez and Celina J. Wang Doka. The board has determined that each of the audit committee members is financially literate and independent as required by the rules of the Securities and Exchange Commission and the New York Stock Exchange, and that each of Mr. Ammerman, and Mr. Rood, Mr. Martinez and Ms. Doka is an audit committee financial expert, as defined by the rules of the Securities and Exchange Commission. The board of directors also reviewed Mr. Ammerman’s service on the audit committee acted by written consent once in 2022.light of his concurrent service on the audit committees of three other companies. The board of directors considered Mr. Ammerman’s extensive financial and accounting background and expertise as a former partner of KPMG, his knowledge of our company and understanding of our financial statements as a long-time director and audit committee member, and the fact that Mr. Ammerman is retired from active employment, and determined that Mr. Ammerman’s service on the audit committees of four public companies, including F&G’s audit committee, would not impair his ability to effectively serve on F&G’s audit committee. The audit committee met seven times in 2023.

The primary functions of the audit committee include:

·Appointing, compensating and overseeing our independent registered public accounting firm;

·Overseeing the integrity of our financial statements and our compliance with legal and regulatory requirements and the internal audit function;

·Conducting an annual self-evaluation of the performance of the audit committee and its charter;

·Overseeing the adequacy and effectiveness of disclosure controls and procedures and internal control over financial reporting;

·Discussing the annual audited financial statements and unaudited quarterly financial statements with management and the independent registered public accounting firm;

·Establishing procedures for the receipt, retention and treatment of complaints (including anonymous complaints) we receive concerning accounting, internal accounting controls, auditing matters or potential violations of law;

·Pre-approving audit and non-audit services provided by our independent registered public accounting firm;

·Discussing earnings press releases and financial information provided to analysts and rating agencies;

·Discussing with management our policies and practices with respect to risk assessment and risk management, including those relating to cybersecurity and ESG risk;

·Reviewing any material transaction between our Chief Financial Officer or Chief Accounting Officer that has been approved in accordance with our Code of Ethics for Senior Financial Officers, and providing prior written approval of any material transaction between us and our Chief Executive Officer;

·Producing an annual report for inclusion in our proxy statement, in accordance with applicable rules and regulations;

·Reviewing and approving all transactions involving an amount in excess of $120,000 in which F&G is to be a participant and in which any related person has a direct or indirect material interest; and
·Overseeing the adequacy and effectiveness of procedures to ensure legal and regulatory compliance with the Code of Conduct.


ITEM 11.EXECUTIVE COMPENSATION

Compensation Discussion and overseeing our independent registered public accounting firm;

Overseeing the integrity of our financial statements and our compliance with legal and regulatory requirements and the internal audit function;
Conducting an annual self-evaluation of the performance of the audit committee and its charter;
Overseeing the adequacy and effectiveness of disclosure controls and procedures and internal control over financial reporting;
Discussing the annual audited financial statements and unaudited quarterly financial statements with management and the independent registered public accounting firm;
Establishing procedures for the receipt, retention and treatment of complaints (including anonymous complaints) we receive concerning accounting, internal accounting controls, auditing matters or potential violations of law;
Pre-approving audit and non-audit services provided by our independent registered public accounting firm;
Discussing earnings press releases and financial information provided to analysts and rating agencies;
Discussing with management our policies and practices with respect to risk assessment and risk management, including those relating to cybersecurity and ESG risk;
Reviewing any material transaction between our Chief Financial Officer or Chief Accounting Officer that has been approved in accordance with our Code of Ethics for Senior Financial Officers, and providing prior written approval of any material transaction between us and our Chief Executive Officer;
Producing an annual report for inclusion in our proxy statement, in accordance with applicable rules and regulations;
Reviewing and approving all transactions involving an amount in excess of $120,000 in which F&G is to be a participant and in which any related person has a direct or indirect material interest; and
Overseeing the adequacy and effectiveness of procedures to ensure legal and regulatory compliance with the Code of Conduct.

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ITEM 11.    EXECUTIVE COMPENSATION
COMPENSATION DISCUSSION AND ANALYSIS
Analysis

In this compensation discussion and analysis section, we provide an overview and analysis of F&G’s executive compensation programs, including discussions of F&G’s compensation philosophies.programs. Prior to the distribution and separation from FNF on December 1, 2022, we had been a wholly owned subsidiary of FNF and our compensation decisions were made by FNF’s senior management and the Compensation Committee of FNF’s board of directors (the “FNF Compensation Committee”).directors. As of December 1, 2022, the Compensation Committee of F&G (the “FF&G Compensation Committee”Committee) reviewed all aspects of compensation and may make adjustments that it believes are appropriate in structuring our executive compensation arrangements. For purposes of this compensation discussion and analysis section, the term “Decision Makers” refers to FNF’s senior management and the FNF Compensation Committee for the compensation decisions made prior to December 1, 2022, and refers to the F&G Compensation Committee for the compensation decisions made on or following December 1, 2022.

The discussion below is intended to help provide an understanding of the detailed information in the compensation tables and related narrative disclosure below. We discuss the material elements of our compensation program and the material factors considered by the appropriate Decision MakersF&G Compensation Committee in making compensation decisions. The following table identifies our named executive officers (“NEOs”)(NEOs) as of December 31, 2022,2023, as defined by SECSecurities and Exchange Commission regulations:

Named Executive Officers (NEOs)Position
Christopher O. BluntPresident, Chief Executive Officer and Director
Wendy J.B. YoungChief Financial Officer
John D. CurrierPresident, Retail Markets
Scott CochranLeena Punjabi
President, Institutional and New Markets1
Chief Investment Officer
William P. Foley
Executive Chairman12
John T. Fleurant
Former Chief Financial Officer3

1On April 20, 2023, Mr. Cochran provided notification of his intent to leave F&G to pursue other opportunities. He will serve as a non-Section 16 officer in the capacity of Special Adviser to the Chief Executive Officer of F&G until his departure at the end of the 2023 calendar year.

2 In connection with Mr. Foley’s appointment to the Board of Directors, he assumed the role of Executive Chairman as of December 1, 2022.


3    Mr. Fleurant’s employment terminated on May 31, 2022.

Compensation PhilosophyOverview and Practices

Overview

The appropriate Decision MakersF&G Compensation Committee considered several important qualitative and quantitative factors when determining the overall compensation of named executive officers in 2022,2023, including:

The executive officer’s experience, knowledge, skills, level of responsibility and potential to influence company performance;
The executive officer’s prior salary levels, annual incentive awards, annual incentive award targets and long-term equity incentive awards;
The business environment and F&G’s business objectives and strategy;
F&G’s financial performance in the prior year;
The need to retain and motivate executives;
Corporate governance and regulatory factors related to executive compensation; and
Marketplace compensation levels and practices.
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The executive officer’s experience, knowledge, skills, level of responsibility and potential to influence company performance;

The executive officer’s prior salary levels, annual incentive awards, annual incentive award targets and long-term equity incentive awards;

The business environment and F&G’s business objectives and strategy;

F&G’s financial performance in the prior year;

The need to retain and motivate executives;

Corporate governance and regulatory factors related to executive compensation; and

Marketplace compensation levels and practices.

Role of F&G’s Executive Officers

In evaluating the compensation of F&G’s named executive officers, the appropriate Decision MakersF&G Compensation Committee consider the recommendations from F&G’s Chief Executive Officer with respect to the compensation of his direct reports. In making recommendations, the Chief Executive Officer reviews the performance of the other named executive officers (other than Mr. Foley), job responsibilities, importance to F&G’s overall business strategy, and F&G’s compensation philosophy. F&G’s Chief Executive Officer does not make recommendations to the appropriate Decision MakersF&G Compensation Committee regarding his own compensation or Mr. Foley’s compensation. The compensation decisions are not formulaic, and the members of the Decision MakersF&G Compensation Committee did not assign precise weights to the factors listed above. The Decision MakersF&G Compensation Committee utilized their individual and collective business judgment to review, assess, and approve compensation for F&G’s named executive officers.

Role of F&G’s Compensation Consultant

Prior to our separation and distribution, FNF used Mercer as its independent compensation consultant. Following the separation and distribution,

In 2023, the F&G Compensation Committee engaged, as its independent compensation consultant, theused Strategic Compensation Group to conduct marketplace reviews of theas our independent compensation F&G pays its executive officers. Theyconsultant. Strategic Compensation Group gathered marketplace compensation data on total compensation, which consists of annual salary, annual incentives, long-term incentives, executive benefits, executive ownership levels, pay mix and other key statistics. This data is collected and analyzed annually. The marketplace compensation data provides a point of reference for the F&G Compensation Committee, but the F&G Compensation Committee ultimately makes subjective compensation decisions based on all the factors described above. For 2022,2023, Strategic Compensation Group used two marketplace data approaches: (1) two general executive compensation surveys with a focus on companies with similar Assets Under Management (AUM), and (2) compensation information from F&G’s peer group. The Strategic Compensation Group performed these services solely on behalf of the F&G Compensation Committee. The F&G Compensation Committee has assessed the independence of the Strategic Compensation Group, as required under the NYSENew York Stock Exchange and SECSecurities and Exchange Commission rules and has concluded that no conflict of interest exists with respect to its services to the F&G Compensation Committee.


F&G’s Peer Group

In 2022,2023, Strategic Compensation Group recommended, and F&G’s Compensation Committee approved the below as F&G’s peer group.

American Equity Investment Life
American
Jackson National
Assurant, Inc.Kemper Corp
Axis CapitalLincoln National Corp
Brighthouse Financial, Group
Assurant, Inc.
Athene Holding, Ltd.
Brighthouse Financial
Primerica
CNO Financial Group
Principal Financial Group
Equitable Holdings, Inc.
Unum Group

Genworth Financial

Globe Life

Kemper Corp
Lincoln National Corp
Principal Financial Group
Unum Group

Voya Financial

Compensation Practices of F&G

In 2022,2023, Strategic Compensation Group reviewed the structure and mechanics of the various components of our compensation programs and practices. In order toTo obtain a complete view of the competitive market for talent, Strategic Compensation Group considered data from published survey sources, which includes industry peers from privately held and publicly traded organizations. In particular, Strategic Compensation Group analyzed twothree key elements: current competitive market positioning, incentive plan design, and equity plan design. Competitive market positioning relates to overall base pay delivery, base salaries, annual and long-term incentive targets and payouts. Equity plan design is the assessment of the design attributes of other organizations’ incentive plans that provide perspectives on performance measurement, long-term incentive vehicles, vesting and shareholding requirements.

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Strategic Compensation Group’s assessment in 20222023 indicated that our compensation structure is well-balanced, aligns to F&G’s philosophies and demonstrates alignment between company performance and executive compensation. Our named executive officers’ 2023 total direct compensation (consisting of base salaries, annual performance-based cash incentives and long-term equity incentives) generally fell near the 50th percentile of the peer group data, with base salaries falling slightly below the 50th percentile. This approach aligns with our philosophy of emphasizing variable performance-based compensation over fixed compensation.


Other Related Considerations

Components of F&G’s Executive Compensation Program

F&G compensates its executive officers primarily through a mix of base salary, annual cash incentives and long-term equity-based incentives. Mr. Foley did not receive a base salary or an annual cash incentive in 2022.2023. F&G also provides its executive officers (other than Mr. Foley) with the same retirement and employee benefit plans that are offered to other F&G employees. Mr. Foley did not participate in the F&G retirement and employee benefit plans in 2022.2023. The following table provides information regarding the elements of compensation provided to F&G’s named executive officers in 2022.

2023.

ComponentPurposeKey Features
ComponentBase SalaryPurpose

Key Features·

Base Salary
Provide a fixed level of compensation

·Compensate executive officers fairly for the responsibility of the position held and reflect competitive practices

Salary levels set based on an assessment of:

·Level of responsibility

·Experience and time in position

·Individual performance

·Future potential

·Competitiveness

·Internal pay equity considerations

·Salary levels are reviewed annually by the committee and adjusted as appropriate

Short-Term Incentives

·Provide executive officers with incentives to achieve objectives to drive short- and long-term business performance

·Support attracting and retaining the best available talent

·Awards based on achievement of
financial and corporate objectives

·Awards determined on
annual basis

Long-Term Incentives

Performance Vesting Restricted Stock

·Provide executive officers with incentives to achieve long-term success

·Align executive officers’ interests with the interests of our shareholders

·Vesting subject to
performance objectives

·Three-year vesting schedule

Benefits and Other·  Our named executive officers’ benefits generally mirror our company-wide employee benefit programs.·  ESPP, 401(k) Plan, health insurance and other benefits

Set forth below is a discussion of each component of compensation, the rationale for each component, and how each component fits into our overall compensation philosophy.


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Base Salary

We provide a base salary to compensate F&G’s NEOs (other than Mr. Foley) for their services rendered on a day-to-day basis during the year. Base salaries are set to attract and retain executives with qualities necessary to ensure our short-term and long-term financial success. Base salary levels are set to be competitive with the salaries of executives in similar positions with similar responsibilities at comparable companies. The Decision Makers determineF&G Compensation Committee determines an executive’s base salary is based on market compensation rates and individual factors, including personal performance and contribution, experience in the role, scope of responsibility and overall impact on the business. Base salaries are reviewed annually and adjusted when necessary to reflect market conditions as well as individual roles and performance.

The table below shows base salaries for fiscal 2022,2023, on an annualized basis, for F&G’s NEOs:

Name2022 Base Salary
Christopher O. Blunt$800,000
Wendy Young$500,000
John Currier$500,000
Scott Cochran$500,000
William Foley
John T. Fleurant$
500,0001

Name 2022 Base Salary  2023 Base Salary  Percent Change 
Christopher O. Blunt1 $800,000  $500,000   -37.5%
Wendy J.B. Young $500,000  $500,000   0%
John D. Currier $500,000  $500,000   0%
Leena Punjabi $350,000  $425,000   21.4%
William P. Foley         

1 F&G Compensation Committee reduced Mr. Fleurant’s employment terminated on May 31, 2022.

Blunt’s base salary and increased the value of his equity award grant.

Annual Cash Incentive Programs

In order to promote our “pay for performance” culture, we pay annual cash incentives to our executives (other than Mr. Foley) for achieving performance targets that support the financial and corporate goals made pursuant toestablished by our Employee Incentive Plan (the “EIP”), which(EIP). Our EIP allows for annual cash-based bonus awards intended to attract and retain the best available executive officers to be responsible for the management, growth, and success of our business and to provide an incentive for such individuals to exert their best efforts on behalf of our company and shareholders. Our Chief Executive Officer and executive team develop an annual business plan that includes objectives to drive short- and long-term business performance. The Decision Makers reviewF&G Compensation Committee reviews these objectives and establish performance targets. Performance against plan objectives is reviewed and approved by the appropriate Decision MakerF&G Compensation Committee to establish the bonus pool for each performance period. Short-term incentive payouts require that minimum targets be satisfied and allow for recognition of individual performance and contribution toward those goals.

The EIP includes a financial performance component based on the annual business plan weighted at 67%80% and a corporate initiatives component weighted at 33%20%. For fiscal 2022,2023, the performance metrics for the EIP were:


MetricsWeighting
MetricsWeighting
Achieve the Financial Plan67%80%
Sales
Adjusted Net Earnings, excluding SIE (available to common shareholders)
Corporate Initiatives20%
33%Grow our reach: grow and diversify our earnings
Grow our distribution: achieve sales goals and optimize profitability within products
Enhance our organizational health: preserve our culture, Engage: continue to increasedrive engagement levels and meet talent acquisitionengage with our policyholders, distribution and talent management goalscommunities
Modernize our platforms: Modernize: execute on operational and financial modernization effortsprocess improvements throughout the organization

1 Sales and Adjusted Net Earnings are Non-GAAP financial measures. For reconciliation with GAAP, please see “Non-GAAP Financial Measures” in our Annual Report on Form 10-K filed with the SEC on February 29, 2024.


The Decision MakersF&G Compensation Committee approved the percentage of base salary paid for performance at the target levels depicted below. If a minimum performance measure is satisfied, depending on actual performance, bonus payments under the EIP could range from 50% to 200% of target. As a result of the corporate performance against our goals for fiscal 2022,2023, the bonus pool for determining individual executive incentive awards was 190%175% of target.

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2022 Target BonusActual Bonus Earned
Name(% of base salary earnings)($)(% of base salary earnings)($)
Christopher O. Blunt200%1,600,000400%3,200,000
Wendy Young100%477,724200%955,000
John Currier100%485,577200%970,000
Scott Cochran100%480,769187%900,000
William Foley
John T. Fleurant100%215,385170%366,154

  2023 Target Bonus  Actual Bonus Earned 
  % of base salary     % of Target    
Name earnings  ($)   Bonus   ($) 
Christopher O. Blunt  200%  1,115,385   175%  1,951,924 
Wendy J.B. Young  100%  500,000   175%  875,000 
John D. Currier  100%  500,000   175%  875,000 
Leena Punjabi  100%  410,577 1  175%  718,510 
William P. Foley            

1 Based on a pro-rated base salary.

Long-Term Incentive Opportunities

Following our separation and distribution, the F&G Compensation Committee made the firstmakes equity grants under the F&G Annuities & Life, Inc. 2022 Omnibus Incentive Plan in December 2022 to eachPlan. In November 2023, the F&G Compensation Committee awarded grants of our NEOs. The awards consisted of a grant of performance vestingperformance-based restricted stock awards of F&G common stock. The grant vests over a three-year period. TheThese performance vesting restricted stock awards vest over a three-year period only if the Adjusted Net Earnings (less Significant Income and Expense, or SIE) metric for Fiscal Year 2023the following fiscal year is attained. SIE consists of the adjustment to the long-term assumption for the alternative asset portfolio to remove the mark to market impacts. Thereafter, annual grants of performance vesting restricted stock awards with a one-year performance target and three-year vesting schedule will be considered on an annual basis. In establishing these awards, the F&G Compensation Committee considered its desire to strategically align the long-term incentives to the long-term success of business F&G. Our long-term incentives for NEOs consist of performance vesting restricted stock awards that incentivize long-term value creation: performance awards that reward the achievement of our performance goals and time-vesting that reward increases in the market value of our shares and continued service with our company.

Equity grants awarded prior to 2022 were granted under the long-term incentive plans of FNF and were designed similar to the current F&G equity grants. Our NEOs continue to hold these FNF awards following our separation and distribution.


Performance Restricted Stock Awards

Performance restricted stock awards align our long-term incentives to the achievement of our Adjusted Net Earnings objectives.objectives and to our goal of growing shareholder value. Performance restricted stock awards vest in equal installments based on continued service and achievement of a one-year, Adjusted Net Earnings goal established at the start of the three-year period.

Name1
Date of Grant# of sharesValue at GrantVesting SchedulePerformance Metric
Christopher O. BluntDecember 1, 2022275,2306,000,014
Dec. 1, 2023 – 33.33%
Dec. 1, 2024 – 33.33%
Dec. 1, 2025 – 33.34%
2023 Adjusted Net Earnings
Wendy YoungDecember 1, 202238,991850,004
Dec. 1, 2023 – 33.33%
Dec. 1, 2024 – 33.33%
Dec. 1, 2025 – 33.34%
2023 Adjusted Net Earnings
John CurrierDecember 1, 202238,991850,004
Dec. 1, 2023 – 33.33%
Dec. 1, 2024 – 33.33%
Dec. 1, 2025 – 33.34%
2023 Adjusted Net Earnings
Scott CochranDecember 1, 202238,991850,004
Dec. 1, 2023 – 33.33%
Dec. 1, 2024 – 33.33%
Dec. 1, 2025 – 33.34%
2023 Adjusted Net Earnings
William FoleyDecember 1, 2022412,8459,000,021
Dec. 1, 2023 – 33.33%
Dec. 1, 2024 – 33.33%
Dec. 1, 2025 – 33.34%
2023 Adjusted Net Earnings

1Mr. Fleurant was not

The table below shows the performance restricted stock awards granted an equity awardto our NEOs in 2022 due to his departure from F&G in May 2022.2023.

Name Date of Grant # of shares Value at
Grant
 Vesting Schedule Performance
Metric
        Nov. 15, 2024 – 33.33%  
Christopher O. Blunt November 15, 2023 196,996 8,000,008 Nov. 15, 2025 – 33.33%  2024 Adjusted Net Earnings
        Nov. 15, 2026 – 33.34%  
        Nov. 15, 2024 – 33.33%  
Wendy J.B. Young November 15, 2023 28,319 1,150,035 Nov. 15, 2025 – 33.33%  2024 Adjusted Net Earnings
        Nov. 15, 2026 – 33.34%  
        Nov. 15, 2024 – 33.33%  
John D. Currier November 15, 2023 28,319 1,150,035 Nov. 15, 2025 – 33.33%  2024 Adjusted Net Earnings
        Nov. 15, 2026 – 33.34%  
        Nov. 15, 2024 – 33.33%  
Leena Punjabi November 15, 2023 16,006 650,004 Nov. 15, 2025 – 33.33%  2024 Adjusted Net Earnings
        Nov. 15, 2026 – 33.34%  
        Nov. 15, 2024 – 33.33%  
William P. Foley November 15, 2023 160,060 6,500,037 Nov. 15, 2025 – 33.33%  2024 Adjusted Net Earnings
        Nov. 15, 2026 – 33.34%  


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Employment and Other Severance, Change-in-Control and Related Agreements

Employment Agreements

We believe that having employment agreements with our NEOs is beneficial to us because they provide retentive value, subject the executives to key restrictive covenants, and generally provide us with a competitive advantage in the recruiting process over companies that do not offer employment agreements. We have entered into employment agreements with certain of our NEOs. These employment agreements include the specific terms set forth in greater detail below in Potential Payments upon Termination or Change in ControlControl–Employment Agreements and Related Agreements with Named Executive Officers.Officers.

F&G 401(k) Plan

Under the F&G 401(k) Plan, our company will match 100% of a participant’s contributions up to five percent of compensation, subject to the limits specified in the Code.Internal Revenue Code (the Code). The employer match vests immediately. The 401(k) plan also allows for annual discretionary profit-sharing contributions, which historically have been two percent of earnings, subject to limits under the Code. Any profit-sharingprofit sharing contributions are immediately vested. For information regarding the matching contributions and profit sharing contributions made to F&G’s NEOs in 20222023 see Summary Compensation Table.Table.

Employee Stock Purchase Plans

FNF

Commencing on January 1, 2023, F&G maintains the FNF 2013F&G Annuities & Life, Inc. Employee Stock Purchase Plan (the “FNF ESPP”F&G ESPP) through which executives and employees can purchase shares of FNFF&G common stock through payroll deductions and through matching employer contributions. At the end of each calendar quarter, FNFF&G makes a matching contribution to the account of each participant who has been continuously employed or a participating subsidiary for the last four calendar quarters. For employees with more than 10 years of service and officers matching contributions are equal to 1/2½ of the amount contributed during the quarter that is one-year earlier than the quarter in which the matching contribution was made. The matching contributions, together with the employee deferrals, are used to purchase shares of FNFF&G common stock on the open market. Prior to our separation and distribution, our executives were eligible to participate in the FNF ESPP and remained eligible to participate through December 31, 2022. For information regarding the matching contributions made to F&G’s NEOs in 20222023 see Summary Compensation Table.Table. Commencing on January 1, 2023, our executives and employees may participate in the F&G Annuities & Life, Inc. Employee Stock Purchase Plan.

Nonqualified Deferred Compensation Arrangements

F&G participates in the FNF Deferred Compensation Plan. Under this plan, we permit our executives to defer on an elective basis a specified portion of their base salaries and performance-based bonus compensation, if any. See the narrative description following the table entitled Nonqualified Deferred CompensationCompensation” below for more information surrounding the terms of the nonqualified deferred compensation plan. Commencing on January 1, 2023,2024, our executives were eligible to participate in the F&G Annuities & Life, Inc. Deferred Compensation Plan.

Health and Welfare Benefits

F&G offers a package of insurance benefits to all salaried employees, including our executives, including health, vision and dental insurance, basic life insurance, accidental death and dismemberment insurance and short- and long-term disability insurance.

Limited Executive Perquisites

All of our executives are eligible to participate in the Executive Life Insurance Plan. Under this plan, the beneficiary of a participant who dies while employed by us is entitled to a lump sum payment equal to three times his or her annual base salary at the time of hire. The value of these executive perquisites is reflected in the All Other Compensation”column of the Summary Compensation Table below.


Hedging and Pledging Policy

F&G maintains a hedging and pledging policy, which prohibits its executive officers and directors from engaging in hedging or monetization transactions with respect to F&G securities, engaging in short-term or speculative transactions in F&G securities that could create heightened legal risk and/or the appearance of improper or inappropriate conduct or holding F&G securities in margin accounts or pledging them as collateral for loans without F&G’s approval.

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Clawback Policy

We have a policy to clawback and recover incentive-based compensation paid to our executive officers if we are required to prepare an accounting restatement due to material noncompliance with financial reporting requirements. Under the policy, in the event of such a restatement we will clawback any incentive-based compensation paid during the preceding three-year period to the extent it would have been lower had the compensation been based on the restated financial results. No clawbacks were made in 2023.

Tax and Accounting Considerations

Our compensation committee considers the impact of tax and accounting treatment when determining executive compensation.

Section 162(m) of the Internal Revenue Code places a limit of $1,000,000 on the amount that can be deducted in any one year for compensation paid to certain executive officers. While the F&G Compensation Committee considers the deductibility of compensation as one factor in determining executive compensation, the F&G Compensation Committee also looks at other factors in making its decisions, as noted above, and retains the flexibility to award compensation that it determines to be consistent with the goals of our executive compensation program even if the awards are not deductible for tax purposes.

The F&G Compensation Committee also considers the accounting impact when structuring and approving awards. We account for share-based payments in accordance with ASC Topic 718, which governs the appropriate accounting treatment of share-based payments under GAAP.

Stock Ownership Guidelines and Stock Holding Requirement

The F&G Compensation Committee adopted stock ownership guidelines which call for the executive or director to reach the ownership multiple within four years. The F&G guidelines, including those applicable to non-employee directors, are as follows:

Position
PositionMinimum Aggregated Value
Chairman of the Board10 × annual cash retainer$5,000,000
Chief Executive Officer5 × base salary
Other Named Executive Officers2 × base salary
Members of the Board5 × annual cash retainer

Our named executive officers and our board of directors maintain significant long-term investments in our company. As of December 31, 2023, each of our NEOs’ and non-employee directors’ holdings of our stock exceeded these stock ownership guidelines. Collectively, as reported in the “Security Ownership of Management and Directors” table, our named executive officers and directors beneficially own an aggregate of 2,258,973 shares of our common stock as of April 15, 2024, which represents approximately 1.8% of our outstanding common stock with a value of approximately $81,051,951 million based on the closing price of our common stock on that date. The fact that our executives and directors hold such a large investment in our shares is part of our culture and our compensation philosophy. Management’s sizable investment in our shares aligns their economic interests directly with the interests of our shareholders, and their wealth will rise and fall as our share price rises and falls. This promotes teamwork among our management team and strengthens the team’s focus on achieving long-term results and increasing shareholder return.


SUMMARY COMPENSATION TABLE

Summary Compensation Table

The following table summarizes the total compensation paid to our NEOs for the fiscal year ended December 31, 2023, December 31, 2022 and December 31, 2021, as applicable.

NamePrincipal PositionFiscal YearSalary
($)
Bonus
($)
Stock Awards ($)(b)
Option Awards ($)
Non-Equity Incentive Plan Compensation ($)(c)
All other Compensation ($)(d)
Total
($)
Christopher O. Blunt(a)
President, Chief Executive Officer and Director2022800,0006,176,2113,200,000204,17610,380,387
2021800,0003,520,0002,350,00061,8476,731,848
Wendy YoungChief Financial Officer2022462,981877,521955,00049,3142,344,816
2021350,000550,000625,00042,9811,567,981
John CurrierPresident, Retail Markets2022485,577882,952970,00078,9972,417,526
2021416,923750,000725,00041,6871,933,611
Scott CochranPresident, Institutional and New Markets2022480,769883,260900,00062,1452,326,174
2021391,923600,000725,00019,0461,735,969
William FoleyExecutive Chairman20229,000,0219,000,021
John T. FleurantFormer Chief Financial Officer2022215,385366,154327,459908,997
2021500,000750,00028,4381,278,439

                   Non-Equity       
             Stock  Option  Incentive Plan  All other    
  Principal Fiscal   Salary  Bonus  Awards  Awards  Compensation  Compensation    
Name Position Year  ($)   ($)  ($)(a)  ($)  ($)(b)  ($)(c)  Total 
Christopher O. Blunt President, Chief Executive Officer and Director 2023  557,693    8,000,008    1,951,924  84,045  10,593,669 
    2022  800,000     6,176,211     3,200,000  204,176  10,380,387 
    2021  800,000     3,520,000     2,350,000  61,847  6,731,847 
Wendy J.B. Chief 2023  500,000    1,150,035    875,000  36,535  2,561,569 
Young Financial 2022  462,981     877,521     955,000  49,314  2,344,816 
  Officer 2021  350,000     550,000     625,000  42,981  1,567,981 
John D. President, 2023  500,000    1,150,035    875,000  78,569  2,603,604 
Currier Retail 2022  485,577     882,952     970,000  78,997  2,417,526 
  Markets 2021  416,923     750,000     725,000  41,687  1,933,610 
Leena Chief 2023  410,577    650,004    718,510  24,045  1,803,136 
Punjabi Investment Officer                        
William P. Executive 2023      6,500,037        6,500,037 
Foley Chairman 2022        9,000,021           9,000,021 

(a)

Represents the grant date fair value of performance restricted stock awards computed in accordance with Financial Accounting Standards Board Accounting Standards Clarification (FASB ASC) Topic 718. See Note R–Employee Benefit Plans to our Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the Securities Exchange Commission on February 29, 2024, for further information regarding these awards.
a)In recognition of F&G becoming a newly publicly traded company in December, 2022, Mr. Blunt’s compensation was restructured to place a greater emphasis on shareholder value. His 2022 performance restricted stock award was increased to $6 million from his $3.52 million 2021 award, and his 2023 salary was reduced to $500,000 from his $800,000 2022 salary, and his 2023 target bonus was set at $1,000,000 as compared to his 2022 target bonus of $1,600,000.
b)Represents the grant date fair value of performance restricted stock awards computed in accordance with Financial Accounting Standards Board Accounting Standards Clarification (“FASB ASC”) Topic 718. See Note O – Employee Benefit Plans to our Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022, filed with the Securities Exchange Commission on February 27, 2023, for further information regarding these awards.
c)The amounts reported in this column reflect amounts earned under our EIP for all NEOs in such fiscal year.
d)All other compensation for fiscal 2022 was as follows:
Name
401(k) Match
($)
(1)
Profit Sharing
($)
(1)
Life Insurance premium
($)
Long Term Insurance Premium
($)
Paid Time Off
($)
Cash Dividends
($)
FNF ESPP Match Earnings
($)
(2)
Severance
($)
Other
($)
(3)
Total
($)
Christopher O. Blunt15,2506,100945117,64562,4811,755204,176
Wendy Young13,5346,1001,40891818,3815,1583,81549,314
John Currier15,2506,1004,96394518,38131,5401,81978,997
Scott Cochran14,6926,1001,99694512,45524,4911,46662,145
William Foley
John T. Fleurant15,25040035,51921,683250,0004,607327,459

(b)

The amounts reported in this column reflect amounts earned under our EIP for all NEOs (other than Mr. Foley) in such fiscal year.

(c)All other compensation for fiscal 2023 was as follows:

Name 401(k)
Match ($)(1)
  Profit
Sharing
($)(1)
  Life
Insurance
premium ($)
  Long Term
Insurance
Premium
($)
  FNF ESPP
Match

Earnings
($)(2)
  Other ($)(3)  Total ($) 
Christopher O. Blunt 16,500  6,600    945  60,000    84,045 
Wendy J.B. Young 16,500  6,600  1,408  945  9,988  1,094  36,535 
John D. Currier 16,500  6,600  4,963  945  35,120  14,441  78,569 
Leena Punjabi 16,500  6,600    945      24,045 
William P. Foley              
                      

(1)Details on the 401(k) match and profit sharing are described in Compensation Discussion and Analysis.

(2)Represents amounts earned under the FNF Employee Stock Purchase Plan prior to the date of the separation and distribution. Details on the match are described in Compensation Discussion and Analysis.

(3)Represents amounts related to spouse/partner travel to an offsite executive work meeting.


1)    Details on the 401(k) match and profit sharing are described in Compensation Discussion and Analysis.
11



2)    Represents amounts earned under the FNF Employee Stock Purchase Plan prior to the date of the separation and distribution. Details on the match are described in Compensation Discussion and Analysis.
3)    Represents amounts related to spouse/partner travel to an offsite executive work meeting.

Grants of Plan-Based Awards

The following table sets forth information concerning estimated possible payouts under non-equity incentive plan awards for fiscal 20222023 performance and equity incentive plan awards granted in fiscal 20222023 to our NEOs.

NameGrant Date
Estimated Possible Payouts under Non-Equity Incentive Plan Awards (a)
Estimated Possible Payouts under Equity Incentive Plan Awards (b)
All other stock awards: Number of shares of stock or units (#)(c)
Grant Date Fair Value of Stock Awards ($)(d)
Threshold ($)Target ($)Maximum ($)Threshold (#)Target (#)Maximum (#)
Christopher O. Blunt2/14/2022800,0001,600,0003,200,000
275,2306,000,014
12/1/20224,95795,454
12/1/20224,19380,742
Wendy Young2/14/2022238,862477,724955,449
38,991850,004
12/1/202277414,905
12/1/202265512,613
John Currier2/14/2022242,788485,577971,154
38,991850,004
12/1/20221,05620,335
12/1/202265512,613
Scott Cochran2/14/2022240,385480,769961,53938,991850,004
12/1/202284516,272
12/1/202288216,984
William Foley2/14/2022412,8459,000,021
John T. Fleurant2/14/2022107,692215,385430,769

    Estimated Possible Payouts  Estimated Possible Payouts  Grant Date 
    under Non-Equity Incentive  under Equity Incentive  Fair Value 
    Plan Awards(a)  Plan Awards(b)  of Stock 
    Threshold  Target  Maximum  Threshold  Target  Maximum  Awards 
Name Grant Date ($)  ($)  ($)  (#)  (#)  (#)  ($)(c) 
Christopher O. Blunt 2/14/2023  557,693   1,115,385   2,230,770             
  11/15/2023              196,996      8,000,008 
Wendy J.B. Young 2/14/2023  250,000   500,000   1,000,000             
  11/15/2023              28,319      1,150,035 
John D. Currier 2/14/2023  250,000   500,000   1,000,000             
  11/15/2023              28,319      1,150,035 
Leena Punjabi 2/14/2023  205,289   410,577   821,154             
  11/15/2023              16,006      650,004 
William P. Foley 11/15/2023              160,060      6,500,037 

(a)

Represents the potential amounts for annual EIP incentives for fiscal 2023. Actual amounts earned by the NEOs are reflected in the Summary Compensation Table under the “Non-Equity Incentive Plan Compensation” column.
a)Represents the potential amounts for annual EIP incentives for fiscal 2022. Actual amounts earned by the NEOs are reflected in the Summary Compensation Table under the “Non-Equity Incentive Plan Compensation” column.
b)Represents F&G performance restricted stock awards that vest in equal installments in December 2023, December 2024 and December 2025 if Adjusted Net Earnings goal is achieved for calendar year 2023. Additional information on the terms applicable to these performance restricted stock awards may be found in the Compensation Discussion and Analysis under the heading “Long-Term Incentive Opportunities– Performance Restricted Stock Awards.
c)Represents F&G dividend share awards. Additional information on the vesting schedule applicable to these dividend share awards may be found in the “Outstanding Equity Awards at Fiscal Year-End” table, below.
d)Represents the grant date fair value of F&G performance restricted stock awards granted under the F&G Annuities & Life, Inc. 2022 Omnibus Incentive Plan computed in accordance with Financial Accounting Standards Board Accounting Standards Clarification (“FASB ASC”) Topic 718. See Note O – Employee Benefit Plans to our Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022, filed with the Securities Exchange Commission on February 27, 2023, for further information regarding these awards.

(b)Represents F&G performance restricted stock awards that vest in equal installments starting in November 2024 if Adjusted Net Earnings goal is achieved for calendar year 2024. Additional information on the terms applicable to these performance restricted stock awards may be found in the Compensation Discussion and Analysis under the heading “Long-Term Incentive Opportunities–Performance Restricted Stock Awards.”

(c)Represents the grant date fair value of F&G performance restricted stock awards granted under the F&G Annuities & Life, Inc. 2022 Omnibus Incentive Plan computed in accordance with FASB ASC Topic 718. See Note R–Employee Benefit Plans to our Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the Securities Exchange Commission on February 29, 2024, for further information regarding these awards.

The terms and conditions applicable to these awards are described in Compensation Discussion and Analysis, under the headings Annual Cash Incentive ProgramsPrograms” and Long-Term Incentive Opportunities.” In addition, the key terms of the employment agreements with our NEOs can be found under the heading Potential Payments upon Termination or Change in ControlControl–Employment Agreements and Related Agreements with Named Executive Officers.Officers.


Outstanding Equity Awards at Fiscal Year-End

The following table sets forth information concerning outstanding equity awards held by our NEOs at the end of fiscal 2022.

12



Option AwardsStock Awards
Name
Number of Securities Underlying Unexercised Options Exercisable
(#)
(a)
Number of Securities Underlying Unexercised Options Unexercisable
(#)
Option Exercise Price
($)
Option Expiration DateNumber of Shares or Units of Stock that Have Not Vested
(#)
Market Value of Shares or Units that Have Not Vested
($)
Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested
(#)
Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested
($)
Christopher O. Blunt359,51027.5312/21/2025
Christopher O. Blunt405,18239.112/21/2025
Christopher O. Blunt
15,419(b)
580,063(c)
Christopher O. Blunt
30,838(d)
1,160,126(c)
Christopher O. Blunt
72,909(e)
2,742,837(c)
Christopher O. Blunt
275,230(f)
5,507,353(g)
Christopher O. Blunt
4,957(h)
83,902(g)
Christopher O. Blunt
2,097(i)
41,961(g)
Wendy Young4,64328.008/6/2026
Wendy Young53,66139.105/15/2025
Wendy Young
2,410(b)
90,665(c)
Wendy Young
4,819(d)
181,291(c)
Wendy Young
11,392(e)
428,567(c)
Wendy Young
38,991(f)
780,210(g)
Wendy Young
774(h)
15,488(g)
Wendy Young
328(i)
6,564(g)
John Currier17,40928.008/6/2026
John Currier143,56439.105/15/2025
John Currier
2,410(b)
90,665(c)
John Currier
4,819(d)
181,291(c)
John Currier
15,535(e)
584,427(c)
John Currier
38,991(f)
780,210(g)
John Currier
1,056(h)
21,131(g)
John Currier
328(i)
6,564(g)
Scott Cochran
6,488(j)
244,079(c)
Scott Cochran
12,428(e)
467,542(c)
Scott Cochran
38,991(f)
780,210(g)
Scott Cochran
845(h)
16,909(g)
Scott Cochran
441(j)
17,649(g)
William Foley
412,845(f)
8,261,029(g)
John T. Fleurant
2023.

  Option Awards(a)  Stock Awards 
                       Equity 
                    Equity  Incentive 
                    Incentive  Plan 
                    Plan  Awards: 
                    Awards:  Market or 
              Number     Number of  Payout Value 
  Number of  Number of        of Shares  Market  Unearned  of Unearned 
  Securities  Securities        or Units  Value of  Shares,  Shares, 
  Underlying  Underlying        of Stock  Shares or  Units or  Units or 
  Unexercised  Unexercised        that  Units that  Other Rights  Other Rights 
  Options  Options  Option  Option  Have Not  Have Not  That Have  That Have 
  Exercisable  Unexercisable  Exercise  Expiration  Vested  Vested  Not Vested  Not Vested 
Name (#)(a)  (#)  Price ($)  Date  (#)  ($)  (#)  ($) 
Christopher O. Blunt  405,182      39.10   12/21/2025             
Christopher O. Blunt                    24,303(b)  1,239,939(c)
Christopher O. Blunt                    183,487(d)  8,440,402(e)
Christopher O. Blunt                    1,653(f)  76,038(e)
Christopher O. Blunt                    196,996(g)  9,061,816(e)
Wendy J.B. Young                    3,798(b)  193,774(c)
Wendy J.B. Young                    25,994(d)  1,195,724(e)
Wendy J.B. Young                    258(f)  11,868(e)
Wendy J.B. Young                    28,319(g)  1,302,674(e)
John D. Currier  77,468      39.10   5/15/2025             
John D. Currier                    5,179(b)  264,233(c)
John D. Currier                    25,994(d)  1,195,724(e)
John D. Currier                    352(f)  16,192(e)
John D. Currier                    28,319(g)  1,302,674(e)
Leena Punjabi                    1,036(b)  52,857(c)
Leena Punjabi                    9,175(d)  422,050(e)
Leena Punjabi                    71(f)  3,266(e)
Leena Punjabi                    16,006(g)  736,276(e)
William P. Foley                    275,230(d)  12,660,580(e)
William P. Foley                    160,060(g)  7,362,760(e)

(a)

Amounts represent FNF stock options.

(b)Amounts represent FNF performance restricted stock awards that will vest on November 4, 2024.

(c)The amounts reported are based on a FNF common stock price of $51.02, which was the closing price on December 29, 2023 (i.e., the last trading day in fiscal 2023).

(d)Amounts represent F&G performance restricted stock awards that will vest in equal installments on December 1, 2023, December 1, 2024 and December 1, 2025.

(e)The amounts reported are based on a F&G common stock price of $46.00, which was the closing price on December 29, 2023 (i.e., the last trading day in fiscal 2023).

(f)Amounts represent F&G dividend share awards that will vest on November 4, 2024.

(g)Amounts represent F&G performance restricted stock award that will vest that will vest in equal installments on November 15, 2024, November 15, 2025 and November 15, 2026.


a)Amounts represent FNF stock options.
b)Amounts represent shares of FNF restricted stock that will vest on August 6, 2023.
c)The amounts reported are based on a FNF common stock price of $37.62, which was the closing price on December 31, 2022.
d)Amounts represent FNF performance restricted stock awards that will vest on December 31, 2023.
e)Amounts represent FNF performance restricted stock awards that will vest equal one-third installments on November 4, 2022 (subject to performance determination in February 2023), November 4, 2023 and November 4, 2024.
f)Amounts represent F&G performance restricted stock awards that will vest in equal installments on December 1, 2023, December 1, 2024 and December 1, 2025.
g)The amounts reported are based on a F&G common stock price of $20.01, which was the closing price on December 31, 2022.
h)Amounts represent F&G dividend share awards that will vest in equal one-third installments on November 4, 2022 (subject to performance determination in February 2023), November 4, 2023 and November 4, 2024.
i)Amounts represent F&G dividend share award that will vest on January 25, 2023.
j)Amounts represent FNF performance restricted stock award that will vest on January 25, 2023.
13



The following table sets forth information concerning each exercise of stock option, and each vesting of stock during the fiscal year ended December 31, 20222023 for each of the F&G NEOs on an aggregated basis:

Option Exercises and Stock Vested

Option AwardsFNF Stock AwardsF&G Stock Awards
NameNumber of Shares Acquired on Exercise
(#)
Value Realized on Exercise
($)
Number of Shares Acquired on Vesting
(#)
Value Realized on Vesting
($)
Number of Shares Acquired on Vesting
(#)
Value Realized on Vesting
($)
Christopher O. Blunt46,2562,066,0992,09641,941
Wendy Young7,227322,8063276,544
John Currier7,227322,8063276,544
Scott Cochran6,487309,0414419,411
William Foley
John T. Fleurant328,276571,3499,637459,107

  Option Awards  FNF Stock Awards  F&G Stock Awards 
  Number     Number     Number    
  of Shares     of Shares     of Shares    
  Acquired on  Value Realized  Acquired on  Value Realized  Acquired on  Value Realized 
Name Exercise (#)  on Exercise ($)  Vesting (#)  on Vesting ($)  Vesting (#)  on Vesting ($) 
Christopher O. Blunt  359,510   6,571,270   70,560   3,222,751   96,540   3,593,904 
Wendy J.B. Young  58,304   349,546   11,026   503,600   13,746   510,986 
John D. Currier  83,505   946,520   12,407   562,734   13,840   514,073 
Leena Punjabi        2,159   101,657   4,733   177,218 
William P. Foley              137,615   5,199,095 

Pension Benefits

We do not provide any defined benefit plans to our NEOs.

Nonqualified Deferred Compensation

The following table provides information concerning the nonqualified deferred compensation of each of the participating NEOs in the Executive Nonqualified Deferred Compensation Plan of FGLH (the “FGLHFGLH Deferred Compensation Plan”Plan) and the FNF, Inc. Deferred Compensation Plan (the “FNFFNF Deferred Compensation Plan”Plan) as of December 31, 2022.2023. Starting January 1, 2021, eligible participants could participate in the FNF Deferred Compensation Plan. The FGLH Deferred Compensation Plan was frozen to new contributions but maintained moving forward.

Under the FNF Deferred Compensation Plan, which was amended and restated effective January 1, 2009, participants, including FNF’s named executive officers, can defer up to 75% of their base salary and 100% of their monthly, quarterly and annual incentives, subject to a minimum deferral of $19,500. Deferral elections are made during specified enrollment periods. Deferrals and related earnings are not subject to vesting conditions. Participants’ accounts are bookkeeping entries only and participants’ benefits are unsecured. Participants’ accounts are credited or debited daily based on the performance of hypothetical investments selected by the participant and may be changed on any business day. Upon retirement, which generally means separation of employment after attaining age 60, an individual may elect either a lump- sum withdrawal or installment payments over 5, 10 or 15 years. Similar payment elections are available for pre-retirement survivor benefits. In the event of a termination prior to retirement, distributions are paid over a five-year period. Account balances less than the applicable Internal Revenue Code Section 402(g) limit will be distributed in a lump sum. Participants can elect to receive in- service distributions in a plan year designated by the participant and these amounts will be paid within two and one-half months from the close of the plan year in which they were elected to be paid. The participant may also petition us to suspend elected deferrals, and to receive partial or full payout under the plan, in the event of an unforeseeable financial emergency,emergency; provided that the participant does not have other resources to meet the hardship. Plan participation continues until termination of employment. Participants will receive their account balance in a lump-sum distribution if employment is terminated within two years after a change in control.

Under the FGLH Deferred Compensation Plan, the vested balance of the deferred compensation accounts will be distributed to each participating NEO upon his or her death, disability or separation from service (including retirement). Participants choose from investment options representing a broad range of asset classes. Participants allocate their accounts among the available investment options and may change their investment elections at any time. Participants may elect upon initial enrollment to have accounts distributed upon a change in control event, although none of our NEOs have so elected. In-service hardship and education account withdrawals are permitted under the plan with respect to participant deferrals and employer credits.


14



FNF Deferred Compensation Plan

NameAggregate Balance at Beginning of Last Fiscal Year ($)
Executive Contributions in Last Fiscal Year
($)
(a)
Registrant Contributions in Last Fiscal Year
($)
(b)
Aggregate Earnings in Last Fiscal Year ($) (c)
Aggregate Withdrawals/Distributions
($)
Aggregate Balance at Last Fiscal Year End ($)
Christopher O. Blunt
Wendy Young36,059460,821458,099
John Currier4,486150,172144,463
Scott Cochran
William Foley
John T. Fleurant

  Aggregate                
  Balance at  Executive  Registrant  Aggregate     Aggregate 
  Beginning of  Contributions  Contributions  Earnings in  Aggregate  Balance at Last 
  Last Fiscal  in Last Fiscal  in Last Fiscal  Last Fiscal  Withdrawals/  Fiscal Year End 
Name Year ($)  Year ($)(a)  Year ($)(b)  Year ($)(c)  Distributions ($)  ($) 
Christopher O. Blunt                  
Wendy J.B. Young  458,098   913,458      264,541      1,636,096 
John D. Currier  144,463   296,108      66,775      507,347 
Leena Punjabi                  
William P. Foley                  

(a)

Deferred amounts reported in this column are included in the Summary Compensation Table in the “Salary” and “Non-Equity IncentivePlan Compensation” columns for fiscal 2023.
a)Deferred amounts reported in this column are included in the Summary Compensation Table in the “Salary” and “Non-Equity Incentive Plan Compensation” columns for fiscal 2022.
b)FNF does not provide employer contributions under this plan.
c)For Ms. Young, her aggregate loss in fiscal 2022 was $38,780. For Mr. Currier, his aggregate loss in fiscal 2022 was $10,194.

(b)FNF does not provide employer contributions under this plan.

FGLH Executive Nonqualified Deferred Compensation Plan

NameAggregate Balance at Beginning of Last Fiscal Year ($)Executive Contributions in Last Fiscal Year
($)
Registrant Contributions in Last Fiscal Year
($)
(a)
Aggregate Earnings in Last Fiscal Year ($) (b)
Aggregate Withdrawals/Distributions
($)
Aggregate Balance at Last Fiscal Year End ($)
Christopher O. Blunt
Wendy Young1,599,0041,285,435
John Currier444,323360,409
Scott Cochran
William Foley
John T. Fleurant

  Aggregate                
  Balance at  Executive  Registrant  Aggregate     Aggregate 
  Beginning of  Contributions  Contributions  Earnings in  Aggregate  Balance at Last 
  Last Fiscal  in Last Fiscal  in Last Fiscal  Last Fiscal  Withdrawals/  Fiscal Year End 
Name Year ($)  Year ($)  Year ($)(a)  Year ($)(b)  Distributions ($)  ($) 
Christopher O. Blunt                  
Wendy J.B. Young  1,285,434         272,346      1,557,780 
John D. Currier  360,408         47,383      407,791 
Leena Punjabi                  
William P. Foley                  

(a)

Deferred amounts reported in this column are included in the Summary Compensation Table in the “Salary” and “Non-Equity IncentivePlan Compensation” columns for fiscal 2023.

(b)F&G does not provide employer contributions under this plan.


a)F&G does not provide employer contributions under this plan.
b)For Ms. Young, her aggregate loss in fiscal 2022 was $313,568. For Mr. Currier, his aggregate loss in fiscal 2022 was $83,913.

Potential Payments upon Termination or Change in Control

Employment Agreements and Related Agreements with Named Executive Officers

Employment Agreement with Christopher O. Blunt

Mr. Blunt’s employment agreement, which became effective on February 6, 2019, provides that upon a termination without “cause” or by Mr. Blunt for “good reason,” each as defined in the agreement, he will be entitled to receive severance benefits equal to three times his base salary, acceleration of the stock options, and eighteen months of benefit continuation. He is also entitled to acceleration of certain options upon termination without cause or for good reason within 12 months following a change in control of the Company. In addition, Mr. Blunt will be subject to certain restrictive covenants that apply both during his employment with the Company and for certain durations afterwards. Mr. Blunt is also eligible under his employment agreement to use private air travel for personal or family purposes with an annual value of no more than $350,000 per year with a program selected by F&G, which is provided on a “tax grossed-up basis” to the extent the economic equivalent is taxable to Mr. Blunt. In 2022,2023, Mr. Blunt did not use such private air travel for personal or family purposes.

15



Employment Agreement with Wendy J.B. Young

Ms. Young’s employment agreement, which became effective on November 14, 2013, provides that Ms. Young’s compensation will determined by the Company and that she is entitled to certain severance amounts if terminated without cause, the amount of which is based on her tenure with the Company and ranges from 39 to 52 weeks of base salary. Ms. Young will be subject to certain restrictive covenants that apply both during her employment with the Company and for certain durations afterwards.

Separation Agreement with John T. Fleurant
Upon Mr. Fleurant’s departure on May 31, 2022, he became entitled to a pro-rata annual bonus, $250,000 in severance payable in six-month equal installments and six months of employer-paid COBRA continuation coverage. In addition, Mr. Fleurant’s unvested FNF options vested and he forfeited his unvested FNF restricted stock and performance-based restricted stock awards.

F&G Severance Plan

Pursuant to the F&G 2015 Severance Plan (the “Severance Plan”Severance Plan), upon a termination without cause prior to a change in control, Messrs.Mr. Currier and Cochran would be entitled to a severance payment equal to two (2) weeks of base salary for each full year of service with a minimum of four (4) weeks. Upon a termination without cause within 12 months following a change in control, Messrs.Mr. Currier and Cochran and Ms. Young will be entitled to a severance payment equal to 52 weeks of base salary, an amount equal to the target annual bonus, a pro-rated annual target bonus and 12 months of subsidized COBRA coverage. Mr. Foley was not a participant under the Severance Plan in 2022.

2023.

The following table sets forth the estimated amount of compensation each of our NEOs would receive under the termination or change in control provisions contained in the agreements and plans discussed above, assuming that such termination or change in control event occurred on December 31, 2022.2023. The table excludes (i) amounts accrued through the termination date that would be paid in the normal course of continued employment, such as accrued but unpaid salary, (ii) vested account balances under our 401(k) plan that are generally available to all of our employees, (iii) vested stock options as of December 31, 2022,2023, and (iv) except as indicated in the footnotes below, any post-employment benefit that is available to all of our employees and does not discriminate in favor of our NEOs. In addition, the table excludes Mr. Fleurant since his employment with F&G terminated on May 31, 2022. For more information on Mr. Fleurant’s severance benefits in connection with Mr. Fleurant’s termination of employment, please see “Separation Agreement with John T. Fleurant” above.


16



NameTermination Trigger
Severance (Salary)
($)
(a)
Severance (Bonus)
($)
(b)
Equity Vesting ($) (c)
Nonqualified Deferred Compensation ($) (d)
Other Benefits ($) (e)
Total
($)
Christopher O. BluntInvoluntary termination w/o cause2,400,00032,4002,432,400
Voluntary Termination30,76930,769
Retirement(f)
Death1,600,00030,7691,630,769
Disability1,600,00030,7691,630,769
Change in Control2,400,0005,507,35332,4007,939,753
Wendy YoungInvoluntary termination w/o cause423,0771,743,53225,0702,191,679
Voluntary Termination1,743,53213,0191,756,552
Retirement(f)
Death477,7241,743,5322,221,257
Disability477,7241,743,53213,0192,234,276
Change in Control500,0001,000,000780,21027,4802,307,690
John CurrierInvoluntary termination w/o cause134,615504,87115,724655,210
Voluntary Termination504,87111,731516,602
Retirement(f)
Death504,871504,871
Disability504,87111,731516,602
Change in Control500,0001,000,000780,21023,7102,303,920
Scott CochranInvoluntary termination w/o cause38,46219,23157,692
Voluntary Termination19,23119,231
Retirement(f)
Death
Disability19,23119,231
Change in Control500,0001,000,000780,21036,7002,316,910
William FoleyInvoluntary termination w/o cause
Voluntary Termination
Retirement(f)
Death
Disability
Change in Control8,261,0298,261,029

             Nonqualified       
             Deferred  Other    
    Severance  Severance  Equity  Compensation  Benefits    
Name Termination Trigger (Salary) ($)(a)  (Bonus) ($)(b)  Vesting ($)(c)  ($)(d)  ($)(e)  Total ($) 
Christopher O. Blunt Involuntary termination w/o cause  1,500,000            20,040   1,520,040 
  Voluntary Termination              18,269   18,269 
  Retirement(f)                  
  Death     1,000,000         18,269   1,018,269 
  Disability     1,000,000         18,269   1,018,269 
  Change in Control  1,500,000      17,502,218      20,040   19,022,258 
Wendy J.B. Young Involuntary termination w/o cause  461,538         3,193,876   33,929   3,689,344 
  Voluntary Termination           3,193,876   19,231   3,213,107 
  Retirement(f)                  
  Death     500,000      3,193,876      3,693,876 
  Disability     500,000      3,193,876   19,231   3,713,107 
  Change in Control  500,000   1,000,000   2,498,398      35,265   4,033,663 
John D. Currier Involuntary termination w/o cause  153,846         915,137   16,261   1,085,244 
  Voluntary Termination           915,137   9,808   924,945 
  Retirement(f)                  
  Death           915,137      915,137 
  Disability           915,137   9,808   924,945 
  Change in Control  500,000   1,000,000   2,498,398      29,167   4,027,565 
Leena Punjabi Involuntary termination w/o cause  65,385            12,584   77,968 
  Voluntary Termination              11,442   11,442 
  Retirement(f)                  
  Death                  
  Disability              11,442   11,442 
  Change in Control  425,000   850,000   1,158,326      18,290   2,451,616 
William P. Foley Involuntary termination w/o cause                  
  Voluntary Termination                  
  Retirement(f)                  
  Death                  
  Disability                  
  Change in Control        20,023,340         20,023,340 

(a)Under the terms of the employment agreements and the Severance Plan, severance pays out in a lump sum. Amounts payable in this column may be subject to the NEO executing and not revoking a release of claims against the Company. This column does not include any required notice periods pursuant to an employment agreement or Severance Plan.

(b)Amounts in this column include, if provided in an employment agreement with the NEO, a pro-rata bonus for the year of termination upon certain types of terminations,
(c)The amounts reported assume full vesting and for performance-based awards at target level of performance, based on a F&G common stock price of $46.00, which was the closing price on December 29, 2023 (i.e., the last trading day of fiscal 2023). In the case of a change in control of F&G, the FNF options and FNF restricted stock held by our NEOs will not be accelerated.
(d)For any participating NEO, the vested balance of the deferred compensation accounts will be distributed upon death, disability or separation from service.
(e)Amounts include any accrued vacation as of December 31, 2023, which would be paid out upon a termination.
(f)As of December 31, 2023, none of our NEOs were retirement eligible.


a)Under the terms of the employment agreements and the Severance Plan, severance pays out in a lump sum. Amounts payable in this column may be subject to the NEO executing and not revoking a release of claims against the Company. This column does not include any required notice periods pursuant to an employment agreement or Severance Plan.
b)Amounts in this column include, if provided in an employment agreement with the NEO, a pro-rata bonus for the year of termination upon certain types of terminations,
c)The amounts reported assume full vesting and for performance-based awards at target level of performance, based on a F&G common stock price of $20.01, which was the closing price on December 31, 2022. In the case of a change in control of F&G, the FNF options and FNF restricted stock held by our NEOs will not be accelerated.
d)For any participating NEO, the vested balance of the deferred compensation accounts will be distributed upon death, disability or separation from service.
e)Amounts include any accrued vacation as of December 31, 2022, which would be paid out upon a termination.
f)As of December 31, 2022, none of our continuing NEOs were retirement eligible.

Compensation Committee Interlocks and Insider Participation

The compensation committee is currently composed of John D. Rood (Chair) and Douglas K. Ammerman. During fiscal year 2022,2023, no member of the compensation committee was a former or current officer or employee of F&G or any of its subsidiaries. In addition, during fiscal year 2022,2023, none of our executive officers served (i) as a member of the compensation committee or board of directors of another entity, one of whose executive officers served on our compensation committee, or (ii) as a member of the compensation committee of another entity, one of whose executive officers served on our board.

17



Compensation Committee Report

The compensation committee has reviewed and discussed the Compensation Discussion and Analysis required by Item 402(b) of Regulation S-K with management, and the compensation committee recommended to the board that the Compensation Discussion and Analysis be included in this Form 10-K/A.

CEO Pay Ratio

As required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, we are providing the following information about the relationship of the annual total compensation of our CEO and the annual total compensation of our employees for 2023, which we refer to as the CEO pay ratio. Our CEO pay ratio information is a reasonably good faith estimate calculated in a manner consistent with Item 402(u) of Regulation S-K.

The ratio of the annual total compensation of our CEO, calculated as described above, to the median of the annual total compensation of all employees for 2023 was 86 to 1. This ratio was based on the following:

The annual total compensation of our CEO, determined as described above, was $10,593,669; and

The median of the annual total compensation of all employees (other than our CEO), determined in accordance with SEC rules, was $123,625.

Methodology for Determining Our Median Employee: For purposes of the above CEO pay ratio disclosure, we are required to identify a median employee based on our worldwide workforce, without regard to their location, compensation arrangements, or employment status (full-time versus part-time). The median employee is determined by identifying the employee whose compensation is at the median of the compensation of our employee population (other than our CEO). Accordingly, to identify the median employee from our employee population as of December 31, 2023, the methodology and the material assumptions and estimates that we used were as follows:

Employee Population: We determined that, as of December 31, 2023, the date we selected to identify the median employee, our total global employee population consisted of approximately 1,167 individuals working for F&G.

Compensation CommitteeMeasure Used to Identify the Median Employee: For purposes of measuring the compensation of our employees to identify the median employee, we selected base salary wages and overtime pay, plus paid incentive bonus through December 31, 2023, as the compensation measure.

We annualized the compensation of employees to cover the full calendar year and annualized any new hires in 2023 as if they were hired at the beginning of the fiscal year, as permitted by SEC rules, in identifying the median employee.

We did not make any cost-of-living adjustments in identifying the median employee.

Annual Total Compensation of Median Employee: To determine the annual total compensation of the median employee, we identified and calculated the elements of that employee’s compensation for 2023 in accordance with the requirements of Item 402(c)(2)(x) of Regulation S-K, resulting in annual total compensation in the amount of $123,625.

Annual Total Compensation of Chief Executive Officer: With respect to the annual total compensation of our CEO, in accordance with SEC rules, we included the amount reported for Mr. Blunt in the “Total” column for 2023 in the Summary Compensation Table included in this Form 10-K/A


John D. Rood
Douglas K. Ammerman

18



DIRECTOR COMPENSATION

Director Compensation

Mr. Foley and Mr. Blunt received no additional compensation for services as a member of our board in 2022.2023. In 2022,2023, all non-employee directors received a pro-rated annual retainer of $90,000, payable quarterly. In 2022,2023, the chairman and each member of the audit committee received a pro-rated additional annual fee (payable in quarterly installments) of $35,000 and $15,000, respectively, for their service on the audit committee. The chairman and each member of the compensation committee received a pro-rated additional annual fee (payable in quarterly installments) of $23,000 and $10,000, respectively, for their service on such committee. The chairman and each member of the corporate governance and nominating committee received a pro-rated additional annual fee (payable in quarterly installments) of $20,000 and $8,000, respectively, for their service on such committee.

In addition, in 20222023 each non-employee director received a long-term incentive award of 9,1755,172 shares of restricted stock. These restricted stock awards were granted under our omnibus plan and vest proportionately each year over three years from the date of grant based upon continued service on our board, subject to the achievement of performance-based criteria.

We also reimburse each non-employee director for all reasonable out-of-pocket expenses incurred in connection with attendance at board and committee meetings and director education programs. Each non-employee member of our board is eligible to participate in our deferred compensation plan to the extent he or she elects to defer any board or committee fees.

The following table sets forth information concerning the compensation of our non-employee directors for the fiscal year ending December 31, 2022.

Name
Fees Earned
or Paid in
Cash ($)
1 
Stock
Awards ($)
2
All Other
Compensation
($)
Total ($)
Douglas K. Ammerman18,652200,015218,667
Michael J. Nolan3
10,761200,015210,776
Raymond R. Quirk3
10,761200,015210,776
John D. Rood16,141200,015216,156
2023.

        All Other    
  Fees Earned or  Stock Awards  Compensation    
Name Paid in Cash ($)1  ($)2  ($)  Total ($) 
Douglas K. Ammerman  144,589   210,035      354,624 
Michael J. Nolan  90,000   210,035      300,035 
Raymond R. Quirk  90,000   210,035      300,035 
John D. Rood  146,411   210,035      356,446 
Douglas Martinez  78,750   210,035      288,785 
Celina J. Wang Doka  50,992   210,035      261,027 

1Represents the cash portion of annual board and committee retainers and meeting fees earned for services as a F&G director in 2023 for all directors.
 
2Amounts shown for all directors represent the grant date fair value of a restricted stock award granted in 2023, computed in accordance with FASB ASC Topic 718. The awards vest over a period of three years from the grant date. Assumptions used in the calculation of the amounts of the F&G awards are included in Note R–Employee Benefit Plans to our Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the Securities Exchange Commission on February 29, 2024. Restricted stock awards granted for the fiscal year ended December 31, 2023 for each director were as follows: Mr. Ammerman 5,172; Mr. Nolan 5,172; Mr. Quirk 5,172; Mr. Rood 5,172; Mr. Martinez 5,172; and Ms. Doka 5,172. The fair value of the awards as shown above is based on a per share fair value of $40.61 for each director. As of December 31, 2023, F&G restricted stock awards outstanding for each director were as follows: Mr. Ammerman 11,289; Mr. Nolan 11,289; Mr. Quirk 11,289; Mr. Rood 11,289; Mr. Martinez 13,581; and Ms. Doka 11,350.


ITEM 12.SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

 

1.    Represents the cash portionSecurity Ownership of annual board and committee retainers and meeting fees earned for services as a F&G director in 2022 for all directors.Certain Beneficial Owners

 2.    Amounts shown for all directors represent the grant date fair value of a restricted stock award granted in 2022, computed in accordance with FASB ASC Topic 718. The awards vest over a period of three years from the grant date. Assumptions used in the calculation of the amounts of the F&G awards are included in Note O to our audited financial statements for the fiscal year ended December 31, 2022 included in our Annual Report on Form 10-K filed with the SEC on February 27, 2023. Restricted stock awards granted for the fiscal year ended December 31, 2022 for each director were as follows: Mr. Ammerman 9,175; Mr. Nolan 9,175; Mr. Quirk 9,175; and Mr. Rood 9,175. The fair value of the awards as shown above is based on a per share fair value of $21.80 for each director. As of December 31, 2022, F&G restricted stock awards outstanding for each director were as follows: Mr. Ammerman 9,175; Mr. Nolan 9,175; Mr. Quirk 9,175; and Mr. Rood 9,175.
 3.    F&G did not compensate Mr. Nolan or Mr. Quirk for any services rendered as a F&G director prior to our separation and distribution.



19



ITEM 12.    SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
The number of our common shares beneficially owned by each individual or group is based upon information in documents filed by such person with the Securities and Exchange Commission, other publicly available information or information available to us. Percentage ownership in the following tables is based on 126,379,456126,149,030 shares of our common stock outstanding as of April 18, 2023.15, 2024. Unless otherwise indicated, each of the shareholders has sole voting and investment power with respect to the shares of our common stock beneficially owned by that shareholder. The number of shares beneficially owned by each shareholder is determined under rules issued by the Securities and Exchange Commission.

Security Ownership of Certain Beneficial Owners

The following table sets forth information regarding beneficial ownership of our common stock by each shareholder who is known by the Company to beneficially own 5% or more of such class:

Name
Shares Beneficially
Owned
1
Percent of Series2
Fidelity National Financial, Inc.
601 Riverside Avenue, Jacksonville, FL 32204
105,983,24383.9%

Name Shares Beneficially Owned1  Percent of Series2 
Fidelity National Financial, Inc.  106,442,551   84.4%

1

Based on information as of April 15, 2024.

2Applicable percentages based on shares of our common stock outstanding as of April 15, 2024.

24

(1)    Based on information as of April 18, 2023.

(2)    Applicable percentages based on shares of our common stock outstanding as of April 18, 2023.

Security Ownership of Management and Directors

The following table sets forth information regarding beneficial ownership as of April 18, 2023,15, 2024, of our common stock by:

Each of our directors and nominees for director;

Each of the named executive officers as defined in Item 402(a)(3) of Regulation S-K promulgated by the Securities and Exchange Commission; and
All of our executive officers and directors as a group.

Name1
Number of
Shares
TotalPercent of
Total
William P. Foley, II2
1,037,0651,037,065*
Christopher Blunt429,695429,695*
Raymond R. Quirk3
161,992161,992*
John Currier41,16341,163*
Scott Cochran41,14041,140*
Wendy JB Young41,05441,054*
Michael J. Nolan4
35,99535,995*
John D. Rood24,88624,886*
Douglas K. Ammerman18,14118,141*
David Martin14,19814,198*
Leena Punjabi14,09514,095*
Douglas Martinez8,4098,409*
John Fleurant*
All directors and officers (13 persons)1,867,8331,867,8331.8%
20



·

Each of our directors and nominees for director;

·Each of the named executive officers as defined in Item 402(a)(3) of Regulation S-K promulgated by the Securities and Exchange Commission; and

·All of our executive officers and directors as a group.

Name1 Number of Shares  Total  Percent of Total 
William P. Foley, II2  1,146,805   1,146,805   * 
Christopher O. Blunt  632,351   632,351   * 
Raymond R. Quirk3  166,723   166,723   * 
John D. Currier  66,436   66,436   * 
Wendy J.B. Young  63,618   63,618   * 
Michael J. Nolan4  40,846   40,846   * 
John D. Rood  30,058   30,058   * 
Douglas K. Ammerman  36,263   36,263   * 
David Martin  23,521   23,521   * 
Leena Punjabi  28,366   28,366   * 
Douglas Martinez  13,581   13,581   * 
Celina J. Wang Doka  11,350   11,350   * 
All directors and officers (12 persons)  2,258,973   2,258,973   1.8%

* Represents less than 1% of our common stock.

1The business address of each beneficial owner is c/o F&G Annuities & Life, Inc., 801 Grand Avenue, Suite 2600, Des Moines, Iowa 50309.

2Includes 152,668 shares of our common stock held by Folco Development Corporation, of which Mr. Foley and his spouse are the sole shareholders; 48,151 shares of our common stock owned by the Foley Family Charitable Foundation, and 86,076 shares held by BilCar LLC.

3Includes 94,520 shares held by the Quirk 2002 Trust, and 3,209 shares held by the Raymond Quirk 2004 Trust.

4Includes 753 shares held by the Michael J. Nolan Trust.

25

(1)    The business address of each beneficial owner is c/o F&G Annuities & Life, Inc., 801 Grand Avenue, Suite 2600, Des Moines, Iowa 50309.

(2)    Includes 152,668 shares of our common stock held by Folco Development Corporation, of which Mr. Foley and his spouse are the sole shareholders; 48,151 shares of our common stock owned by the Foley Family Charitable Foundation, and 86,076 shares held by BilCar LLC.
(3)    Includes 94,520 shares held by the Quirk 2002 Trust, and 3,209 shares held by the Raymond Quirk 2004 Trust.
(4)    Includes 753 shares held by the Michael J. Nolan Trust.

Securities Authorized for Issuance Under Equity Compensation Plans


Number of Securities
Remaining Available
for Future Issuance
Under Equity
Compensation Plans
Number of Securities(Excluding Securities
to be IssuedWeighted Averageto be Issued
Upon Exercise ofExercise Price ofUpon Exercise of
Outstanding Options,Outstanding Options,Outstanding Options,
Plan Category
Number of
Securities
to be Issued
Upon Exercise of
Outstanding
Options,
Warrants and
Rights
Weighted
Average
Exercise Price
of Outstanding
Options,
Warrants
and Rights
Number of Securities Remaining
Available for Future Issuance
Under Equity Compensation
Plans (Excluding Securities to be
Issued Upon Exercise of
Outstanding Options,
Warrants
and Rights)
Equity compensation plans approved by security holders
4,590,096
4,215,8581
Equity compensation plans not approved by security holders
Total4,590,096
Total4,215,8581

1

Subject to the terms of the 2022 F&G Omnibus Plan, we have authorized the issuance of up to 6 million shares of common stock. As of December 31, 2023, there were 1,784,142 shares of restricted stock outstanding under the 2022 F&G Omnibus Plan. Awards granted vest over a three-year period and have a performance restriction that must be met for shares awarded to vest. If the performance restriction is not satisfied during the measurement period all of the shares that do not satisfy the performance criteria will be forfeited to the Company for no consideration. See Note R–Employee Benefit Plans to our Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the Securities Exchange Commission on February 29, 2024, for further information regarding these awards.
(1)    Subject to the terms of the 2022 F&G Omnibus Plan, we have authorized the issuance of up to 6 million shares of common stock. As of December 31, 2022, there were 1,409,904 shares of restricted stock outstanding under the 2022 F&G Omnibus Plan. Awards granted vest over a three-year period and have a performance restriction that must be met for shares awarded to vest. If the performance restriction is not satisfied during the measurement period all of the shares that do not satisfy the performance criteria will be forfeited to the Company for no consideration. See Note O – Employee Benefit Plans

 to our Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022, filed with the Securities Exchange Commission on February 27, 2023, for further information regarding these awards.

ITEM 13.CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE




21



ITEM 13.    CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
Status as a Controlled Company

Because FNF owns approximately 84% of the shares of outstanding F&G common stock, we are a controlled company within the meaning of the rules of the NYSE, and, asNew York Stock Exchange. In accordance with a result, qualifyprovision in New York Stock Exchange rules for exemptions from certain ofcontrolled companies, the requirements of these rules, including the requirementCompany is not required to comply with New York Stock Exchange listing standards that provide for (1) a majority of our boardthe Board of Directors being composed of independent directors, consist(2) a nominating/corporate governance committee composed solely of independent directors and the requirement to form an independent(3) a compensation committee or nominatingcomposed solely of independent directors. Notwithstanding these exemptions, all the members of our Compensation Committee and corporate governance committee.

Nominating and Governance Committee are independent in accordance with the New York Stock Exchange listing standards. This may change in the future, however, at the Company’s discretion.

The controlled company exemptions do not modify the independence requirements for the audit committee, and we have complied with the requirements of the Sarbanes-Oxley Act and the NYSE, which require that our audit committee be composed of at least three members within one year of F&G’s listing date on the NYSE, at least a majority of whom were required to be independent within 90 days of the effective date of F&G’s registration statement in respect of the Spin-Off (as defined below), and all of whom must be independent within one year of the effective date of F&G’s registration statement in respect of the Spin-Off (as defined below). We have two independent directors serving on our audit committee, and we will comply with the permitted phase-in for our audit committee composition.

If at any time we cease to be a controlled company, we will take all action necessary to comply with the Sarbanes-Oxley Act and the corporate governance standards of the NYSE.
New York Stock Exchange.

Director Independence

None of Messrs. Blunt, Foley, Quirk or Nolan qualify as independent directors under the NYSENew York Stock Exchange listing standards by virtue of their respective executive positions with F&G or FNF. EachThe board of directors has determined that Douglas K. Ammerman, John D. Rood, Douglas Martinez and Celina J. Wang Doka are independent under the criteria established by the New York Stock Exchange and our Corporate Governance Guidelines.

In considering the independence of Douglas K. Ammerman and John D. Rood, the board of directors considered that Messrs. Ammerman Martinez and Rood qualify as independent under NYSE listing standards with respect to directorserve on the board of directors of FNF and determined that these relationships were not of a nature that would impair their independence.

26

Certain Relationships and Related Person Transactions

Certain Relationships and Related Transactions

Agreements with FNF

On March 16, 2022, FNF announced its intention to partially spin off F&G through a dividend to FNF shareholders.shareholders (the Spin-Off). On December 1, 2022, FNF distributed, on a pro rata basis, approximately 15% of the common stock of F&G (the “Spin-Off”).&G. The purpose of the separation and distributionSpin-Off was to enhance and more fully recognize the overall market value of each company. FNF retained control of F&G through ownership of approximately 85% of F&G common stock.

We and FNF have overlapping executive officers and directors. William P. Foley, II, our executive Chairman, also serves as non-executive Chairman and is a director of FNF; Raymond Quirk, our director, has served as Executive Vice-Chairman of FNF since February 2022 and formerly served as Chief Executive Officer of FNF from December 2013 to February 2022; Michael J. Nolan, our director, has served as Chief Executive Officer of FNF since February 2022 and previously served as President of FNF from January 2016 to February 2022; Douglas K. Ammerman, our director, also serves as a director of FNF; and John D. Rood, our director also serves as a director of FNF. In order to govern certain of the ongoing relationships between us we have entered into certain agreements with FNF the terms of which are summarized below.

Corporate Services Agreement

On November 30, 2022, FNF entered into a Corporate Services Agreement with F&G. Pursuant to such agreement, FNF provides F&G with certain corporate services, including internal audit services, litigation and dispute management services, compliance services, corporate and transactional support services, SECSecurities and Exchange Commission & reporting services, insurance and risk management services, human resources support services and real estate services. FNF will also provide knowledge transfer services and take such steps as are reasonably required to facilitate a smooth and efficient transition of records and responsibilities to F&G prior to the termination of the agreement. The Corporate Services Agreement terminates after the date upon which all corporate services or transition assistance have been terminated or upon the mutual agreement of the parties. F&G may terminate corporate services by providing 90 days written notice to FNF.

27

22




Reverse Corporate Services Agreement

On November 30, 2022, F&G entered into a Reverse Corporate Services Agreement with FNF. Pursuant to such agreement, F&G provides FNF with certain services, including the services of certain F&G employees and investor relations services. F&G will also provide knowledge transfer services and take such steps as are reasonably required in order to facilitate a smooth and efficient transition of records and responsibilities to FNF prior to the termination of the agreement. The Reverse Corporate Services Agreement terminates after the date upon which all corporate services or transition assistance has been terminated or upon the mutual agreement of the parties. FNF may terminate corporate services by providing 90 days written notice to F&G.

Tax Sharing Agreement

On November 30, 2022, FNF entered into a Tax Sharing Agreement with F&G and its domestic subsidiaries. Pursuant to such agreement, FNF will file, and F&G and its domestic subsidiaries that are treated as corporations for U.S. federal income tax purposes, will join in the filing of, a consolidated U.S. federal income tax returns on behalf of FNF and its domestic subsidiaries. F&G and its subsidiaries will periodically make payments to FNF equal to the U.S. federal income taxes that F&G and its subsidiaries would otherwise be required to pay if each were to file a separate U.S. federal income tax return for the applicable tax period. F&G will pay to F&G and its subsidiaries any actual U.S. federal income tax savings attributable to any losses or tax credits generated by F&G and its subsidiaries and used by FNF and its subsidiaries. FNF will generally control the conduct of any tax examination, audit or challenge involving such consolidated tax returns. To the extent appropriate, the provisions of the Tax Sharing Agreement apply with the same force and effect to any state or local income tax liabilities that are computed on a combined, consolidated or unitary method. The Tax Sharing Agreement will generally remain in effect with respect to any taxable periods for which F&G and FNF are affiliated for U.S. federal income tax purposes until the expiration of the applicable statute of limitations.

Other Related Party Transactions

Certain of our subsidiaries are party to investment management agreements (IMAs) with Blackstone ISG-I Advisors LLC (BIS) pursuant to which BIS is appointed as investment manager of substantially all assets in the general and separate accounts of those entities (the F&G Accounts). MVB Management, LLC (MVB Management), an entity that is 50% owned by BilCar, LLC (BilCar, which is an affiliate of our Executive Chairman and a director of the Company, William P. Foley, II) receives a participation fee from BIS in connection with assets of F&G and its subsidiaries that are managed by BIS. BIS also receives portfolio review and consulting services from MVB Management. This agreement was amended on March 10, 2023. BIS payspaid MVB Management a participation fee of approximately 15% of certain fees paid to BIS and its affiliates pursuantfor assets under management (AUM) relating to new business AUM (New AUM) generated prior to March 31, 2023 and pays MVB Management a fee of approximately 7.5% of certain fees paid to BIS and its affiliates relating to New AUM generated after March 31, 2023, in each case, under the investment management agreements with BISbetween F&G and pursuant to the amendment will be reduced by 50% with respect to assets under management relating to new business of the Company and its subsidiaries generated afterBIS. In March 31, 2023.2023, BilCar LLC (an affiliate of William Foley, the Executive Chairman and a director of the Company), has waived its right to receive any portion of payments made by BIS to MVB Management in respect of such assets under management relating to new business. F&G is not a party to the agreements between BIS and MVB Management and does not pay, and is not responsible for, any fees paid to MVB Management.

Also onNew AUM. Additionally, in March 10, 2023, concurrently with the execution of the amendment discussed above, F&G entered into an agreement with BilCar to pay BilCar the fees that it would have received through MVB Management from BIS over the 10-year period ending March 31, 2033. BilCar received payments totaling $8.4 million from MVB Management in 2023. No payments were made from F&G to BilCar in 2023 based on the terms of the agreement. F&G is not a party to the agreements between BIS and MVB Management and does not pay, and is not responsible for, any fees paid to MVB Management.

28

Review, Approval or Ratification of Transactions with Related Persons

Pursuant to our codes of ethics, a “conflict of interest” occurs when an individual’s private interest interferes or appears to interfere with our interests, and can arise when a director, officer or employee takes actions or has interests that may make it difficult to perform his or her work objectively and effectively. Anything that would present a conflict for a director, officer or employee would also likely present a conflict if it were related to a member of his or her family. Our code of ethics states that clear conflict of interest situations involving directors, executive officers and other employees who occupy supervisory positions or who have discretionary authority in dealing with any third party specified below may include the following:

·Any significant ownership interest in any supplier or customer;

Any significant ownership interest in any supplier or customer;

·Any consulting or employment relationship with any customer, supplier or competitor; and

·Selling anything to us or buying anything from us, except on the same terms and conditions as comparable directors, officers or employees are permitted to so purchase or sell.

Any consulting or employment relationship with any customer, supplier or competitor; and

Selling anything to us or buying anything from us, except on the same terms and conditions as comparable directors, officers or employees are permitted to so purchase or sell.

With respect to our Chief Executive Officer, Chief Financial Officer and Chief Accounting Officer, our codes of ethics require that each such officer must:
23



·Discuss any material transaction or relationship that could reasonably be expected to give rise to a conflict of interest with our General Counsel;


Discuss any material transaction or relationship that could reasonably be expected to give rise to a conflict of interest with our General Counsel;

·In the case of our Chief Financial Officer and Chief Accounting Officer, obtain the prior written approval of our General Counsel for all material transactions or relationships that could reasonably be expected to give rise to a conflict of interest; and

·In the case of our Chief Executive Officer, obtain the prior written approval of the audit committee for all material transactions that could reasonably be expected to give rise to a conflict of interest.

Under Securities and Chief Accounting Officer, obtain the prior written approval of our General Counsel for all material transactions or relationships that could reasonably be expected to give rise to a conflict of interest; and

In the case of our Chief Executive Officer, obtain the prior written approval of the audit committee for all material transactions that could reasonably be expected to give rise to a conflict of interest.
Under SECExchange Commission rules, certain transactions in which we are or will be a participant and in which our directors, executive officers, certain shareholders and certain other related persons had or will have a direct or indirect material interest are required to be disclosed in the related person transactions section of our proxy statement. In addition to the procedures above, our audit committee reviews and approves or ratifies any such transactions that are required to be disclosed. The committee makes these decisions based on its consideration of all relevant factors. The review may be before or after the commencement of the transaction. If a transaction is reviewed and not approved or ratified, the committee may recommend a course of action to be taken.

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ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

Principal Accountant Fees and Services

(Ernst(Ernst & Young LLP, Des Moines, IA, PCAOB Auditor ID: 42)

The audit committee has appointed EY to audit the consolidated financial statements of the Company for the 20232024 fiscal year. EY has continuously acted as our independent registered public accounting firm since 2020. Prior to the Spin-Off, no audit, audit-related, tax or other services were provided by an independent registered public accounting firm for the sole purposes of the Company. For services rendered to us during or in connection with our yearyears ended December 31, 2023 and 2022, we were billed the following fees by EY.

2022 (In thousands)
Audit Fees$4,927
Audit-Related Fees$0
Tax Fees.$146
All Other Fees$7

  2023 (in thousands)  2022 (in thousands) 
Audit Fees $4,931  $4,927 
Audit-Related Fees $0  $0 
Tax Fees $75  $146 
All Other Fees $9  $7 

Audit Fees. Fees: Audit fees consisted principally of fees for the audits, registration statements and other filings related to the Company’s 2023 and 2022 financial statements, and audits of the Company’s subsidiaries required for regulatory reporting purposes, including billings for out-of-pocket expenses incurred.

Audit-Related Fees.Fees: There were no Audit-related fees in 2023 and 2022.

Tax Fees.Fees: Tax fees for 2023 and 2022 consisted principally of fees for tax compliance, tax planning and tax advice.

All Other Fees.Fees: All other fees relate primarily to online accounting guidance services.

Approval of Accountants’ Services

In accordance with the requirements of the Sarbanes-Oxley Act of 2002, all audit and audit-related work and all non-audit work performed by EY is approved in advance by the audit committee, including the proposed fees for such work. Our pre-approval policy provides that, unless a type of service to be provided by EY has been generally pre-approved by the audit committee, it will require specific pre-approval by the audit committee. In addition, any proposed services exceeding pre-approved maximum fee amounts also require pre-approval by the audit committee. Our pre-approval policy provides that specific pre-approval authority is delegated to our audit committee chairman,chairman; provided that the estimated fee for the proposed service does not exceed a pre-approved maximum amount set by the committee. Our audit committee chairman must report any pre-approval decisions to the audit committee at its next scheduled meeting.

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PART IV

ITEM 15.EXHIBITS

All other schedules are omitted because they are not applicable or not required, or because the required information is included in the Consolidated Financial Statements or notes thereto.

The following is a list of exhibits filed or incorporated by reference as a part of this Annual Report on Form 10-K.

Exhibit
No. 
Description of Exhibits
2.1
Separation and Distribution Agreement, dated as of November 30, 2022, between Fidelity National Financial, Inc. and F&G Annuities & Life, Inc. (incorporated by reference to Exhibit No. 2.1 to the Company’s Current Report on Form 8-K, filed with the Commission on December 1, 2022).
3.1
Amended and Restated Certificate of Incorporation of F&G Annuities & Life, Inc. (incorporated by reference to Exhibit No. 3.1 to the Company’s Current Report on Form 8-K, filed with the Commission on December 1, 2022).
3.2
Amended and Restated Bylaws of F&G Annuities & Life, Inc. (incorporated by reference to Exhibit No. 3.2 to the Company’s Current Report on Form 8-K, filed with the Commission on December 1, 2022).
4.1
Certificate of Designations of the Company designating the 6.875% Series A Mandatory Convertible Preferred Stock, dated as of January 12, 2024 (incorporated by reference to Exhibit No.5.1 to the Companys Current Report on Form 8-K, filed with the Commission on January 16, 2024).
4.2Third Supplemental Indenture relating to the 7.400%7.950% Senior Notes due 2028,2053, dated as of December 6, 2023, among F&G Annuities & Life, Inc., the guarantors named therein and Citibank, N.A., as trustee (incorporated by reference to the Company’s Current Report on Form 8-K, filed with the Commission on December 6, 2023).
4.3Form of 7.950% Senior Notes due 2053 (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K, filed with the Commission on December 6, 2023).
4.4Indenture, dated as of January 13, 2023, among F&G Annuities & Life, Inc., the guarantors named therein and Citibank, N.A., as trustee (incorporated by reference to Exhibit No. 4.1 to the Company’s Current Report on Form 8-K, filed with the Commission on January 13, 2023).
4.24.5
First Supplemental Indenture relating to the 7.400% Senior Notes due 2028, dated as of January 13, 2023, among F&G Annuities & Life, Inc., the guarantors named therein and Citibank, N.A., as trustee (incorporated by reference to Exhibit No. 4.2 to the Company’s Current Report on Form 8-K, filed with the Commission on January 13, 2023).
4.34.6
Form of 7.400% Senior Notes due 2028 (incorporated by reference to Exhibit No. 4.3 to the Company’s Current Report on Form 8-K, filed with the Commission on January 13, 2023).
4.44.7
Indenture, dated as of April 20, 2018, among Fidelity Guaranty & Life Holdings, Inc., the guarantors party thereto and Wells Fargo Bank, National Association, as trustee, including the form of 5.50% Note due 2025 (incorporated by reference to Exhibit No. 4.1 to the Company’s Amendment No. 3 to Form 10, filed with the Commission on November 10, 2022).
4.54.8
First Supplemental Indenture, dated as of April 20, 2018, among Fidelity & Guaranty Life Holdings, Inc., the guarantors party thereto and Wells Fargo Bank, National Association, as trustee (incorporated by reference to Exhibit No. 4.2 to the Company’s Amendment No. 3 to Form 10, filed with the Commission on November 10, 2022).
4.64.9
Second Supplemental Indenture, dated as of June 1, 2020, among Fidelity National Financial, Inc., Fidelity & Guaranty Life Holdings, Inc., and Wells Fargo Bank, National Association, as trustee (incorporated by reference to Exhibit No. 4.3 to the Company’s Amendment No. 3 to Form 10, filed with the Commission on November 10, 2022).
4.74.10
Officer’s Certificate of Fidelity & Guaranty Life Holdings, Inc., dated April 13, 2021 (incorporated by reference to Exhibit No. 4.4 to the Company’s Amendment No. 3 to Form 10, filed with the Commission on November 10, 2022).
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4.84.11
Description of Capital Stock.(2)
10.1
Tax Sharing Agreement, dated as of November 30, 2022, between Fidelity National Financial, Inc. and F&G Annuities & Life, Inc. (incorporated by reference to Exhibit No. 10.1 to the Company’s Current Report on Form 8-K, filed with the Commission on December 1, 2022).
10.2
Corporate Services Agreement, dated as of November 30, 2022, between Fidelity National Financial, Inc. and F&G Annuities & Life, Inc. (incorporated by reference to Exhibit No. 10.2 to the Company’s Current Report on Form 8-K, filed with the Commission on December 1, 2022).
10.3
Reverse Corporate Services Agreement, dated as of November 30, 2022, between Fidelity National Financial, Inc. and F&G Annuities & Life, Inc. (incorporated by reference to Exhibit No. 10.3 to the Company’s Current Report on Form 8-K, filed with the Commission on December 1, 2022).
10.4
Employment Agreement, dated as of February 6, 2019, by and between FGL Holdings and Christopher Blunt (incorporated by reference to Exhibit No. 10.4 to the Company’s Amendment No. 3 to Form 10, filed with the Commission on November 10, 2022).(1)
10.5
Employment Agreement, dated as of November 11, 2019, by and between FGL Holdings and John Fleurant (incorporated by reference to Exhibit No. 10.5 to the Company’s Amendment No. 3 to Form 10, filed with the Commission on November 10, 2022). (1)
10.6


10.710.6
Assignment of Employment Agreements, dated as of February 7, 2020, by and between FGL Holdings and F II Corp., and acknowledged and agreed to by Christopher Blunt, Jonathan Bayer and John Fleurant (incorporated by reference to Exhibit No. 10.7 to the Company’s Amendment No. 3 to Form 10, filed with the Commission on November 10, 2022).(1)
10.810.7
F&G Annuities & Life, Inc. 2022 Omnibus Incentive Plan (incorporated by reference to Exhibit No. 10.4 to the Company’s Current Report on Form 8-K, filed with the Commission on December 1, 2022).(1)
10.910.8
F&G Annuities & Life, Inc. Employee Stock Purchase Plan (incorporated by reference to Exhibit No. 10.5 to the Company’s Current Report on Form 8-K, filed with the Commission on December 1, 2022).(1)
10.1010.9
F&G Annuities & Life, Inc. Deferred Compensation Plan (incorporated by reference to Exhibit No. 10.6 to the Company’s Current Report on Form 8-K, filed with the Commission on December 1, 2022).(1)
10.1110.10
Amended and Restated Omnibus Investment Management Agreement Termination Side Letter, dated as of June 1, 2020, by and among FGL Holdings, Fidelity National Financial, Inc. and Blackstone ISG-I Advisors L.L.C. (incorporated by reference to Exhibit No. 10.10 to the Company’s Amendment No. 3 to Form 10, filed with the Commission on November 10, 2022).(1)
10.1210.11
Amended and Restated Sub-Manager Fee Agreement, dated as of June 1, 2020, by and among FGL Holdings, Fidelity National Financial, Inc. and Blackstone ISG-I Advisors L.L.C. (incorporated by reference to Exhibit No. 10.11 to the Company’s Amendment No. 3 to Form 10, filed with the Commission on November 10, 2022).
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10.1310.12
Second Amended and Restated Investment Management Agreement, dated as of June 1, 2020, by and between FGL US Holdings Inc. and Blackstone ISG-I Advisors L.L.C. (incorporated by reference to Exhibit No. 10.12 to the Company’s Amendment No. 3 to Form 10, filed with the Commission on November 10, 2022).
10.1410.13
Second Amended and Restated Investment Management Agreement, dated as of June 1, 2020, by and between Fidelity & Guaranty Life Holdings, Inc. and Blackstone ISG-I Advisors L.L.C. (incorporated by reference to Exhibit No. 10.13 to the Company’s Amendment No. 3 to Form 10, filed with the Commission on November 10, 2022).
10.1510.14
Second Amended and Restated Investment Management Agreement, dated as of June 1, 2020, by and between F&G Life Re Ltd (f/k/a F&G Re Ltd) and Blackstone ISG-I Advisors L.L.C. (incorporated by reference to Exhibit No. 10.14 to the Company’s Amendment No. 3 to Form 10, filed with the Commission on November 10, 2022).
10.1610.15
Second Amended and Restated Investment Management Agreement, dated as of June 1, 2020, by and between CF Bermuda Holdings Limited and Blackstone ISG-I Advisors L.L.C. (incorporated by reference to Exhibit No. 10.15 to the Company’s Amendment No. 3 to Form 10, filed with the Commission on November 10, 2022).
10.1710.16
Second Amended and Restated Investment Management Agreement, dated as of June 1, 2020, by and between Fidelity and Guaranty Life Insurance Company and Blackstone ISG-I Advisors L.L.C. (incorporated by reference to Exhibit No. 10.16 to the Company’s Amendment No. 3 to Form 10, filed with the Commission on November 10, 2022).
10.1810.17
Investment Management Agreement, dated as of December 16, 2020, by and between F&G Cayman Re Ltd. and Blackstone ISG-I Advisors L.L.C. (incorporated by reference to Exhibit No. 10.18 to the Company’s Amendment No. 3 to Form 10, filed with the Commission on November 10, 2022).
10.1910.18
Investment Management Agreement, dated as of January 4, 2021, by and between F&G Annuities & Life, Inc. and Blackstone ISG-I Advisors L.L.C. (incorporated by reference to Exhibit No. 10.19 to the Company’s Amendment No. 3 to Form 10, filed with the Commission on November 10, 2022).
10.2010.19
Investment Management Agreement, dated as of July 29, 2021, by and between Fidelity & Guaranty Life Insurance Company and Blackstone ISG-I Advisors L.L.C. (incorporated by reference to Exhibit No. 10.20 to the Company’s Amendment No. 3 to Form 10, filed with the Commission on November 10, 2022).
10.2110.20
Amended and Restated Amendment to Investment Management Agreements; IMA Omnibus Termination Side Letter; SMA Fee Agreement and Participation Fee Agreement, dated September 24, 2021, by and among F&G Life & Annuities, Inc., Fidelity National Financial, Inc. and Blackstone ISG-I Advisors L.L.C. (incorporated by reference to Exhibit No. 10.21 to the Company’s Amendment No. 3 to Form 10, filed with the Commission on November 10, 2022).
10.2210.21
Amendment to the Amended and Restated Investment Management Agreements; IMA Omnibus Termination Side Letter and Existing SMA Fee Agreement, dated as of March 10, 2023, by and among F&G Annuities & Life Inc., Blackstone ISG-I Advisors L.L.C. and Fidelity National Financial, Inc. (incorporated by reference to Exhibit No. 10.1 to the Company’s Current Report on Form 8-K, filed with the Commission on March 10, 2023).
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10.23
10.24
10.2510.22
Keepwell Agreement, dated December 17, 2020, between F&G Annuities & Life, Inc. and F&G Cayman Re Ltd. (incorporated by reference to Exhibit No. 10.23 to the Company’s Amendment No. 3 to Form 10, filed with the Commission on November 10, 2022).
10.2610.23
Keepwell Agreement, dated December 17, 2020, between F&G Annuities & Life, Inc. and F&G Cayman Re Ltd. (incorporated by reference to Exhibit No. 10.24 to the Company’s Amendment No. 3 to Form 10, filed with the Commission on November 10, 2022).
10.2710.24
Retention Agreement between Fidelity & Guaranty Life Business Services, Inc. and John Currier dated February 16, 2023 (incorporated by reference to Exhibit No. 10.1 to the Company’sCompany's Current Report on Form 8-K, filed with the Commission on February 21, 2023).(1)


10.2810.25
Amended and Restated Credit Agreement, dated as of November 22, 2022,February 16, 2024, by and among F&G Annuities & Life, Inc., a Delaware corporation, as the borrower, the guarantors party thereto, Bank of America, N.A., as administrative agent, and the financial institutions party thereto as lenders (incorporated by reference to Exhibit No. 10.1 to the Company’s Current Report on Form 8-K, filed with the Commission on November 22, 2022)February 16, 2024).(1)
10.2910.26
Registration Rights Agreement relating to the 7.400% Senior Notes due 2028, dated as of January 13, 2023, among F&G Annuities & Life, Inc., the guarantors named therein and BofA Securities, Inc., J.P. Morgan Securities LLC and RBC Capital Markets, LLC, as representatives of the initial purchasers (incorporated by reference to Exhibit No. 10.1 to the Company’s Current Report on Form 8-K, filed with the Commission on January 13, 2023).
10.3010.27
First Amendment to Creditthe Amended and Restated Investment Management Agreements; IMA Omnibus Termination Side Letter and Existing SMA Fee Agreement, dated as of February 21,March 10, 2023, by and among F&G Annuities & Life Inc., Blackstone ISG-I Advisors L.L.C. and Fidelity National Financial, Inc. (incorporated by reference to Exhibit No. 10.1 to the Guarantor parties and Lender parties signatory thereto. (2)Company’s Current Report on Form 8-K, filed with the Commission on March 10, 2023).
21.110.28
Letter regarding Blackstone Participation Fee in Respect of New Business, dated as of March 10, 2023, by and between F&G Annuities & Life Inc., and BilCar, LLC (incorporated by reference to Exhibit No. 10.2 to the Company Current Report on Form 8-K, filed with the Commission on March 10, 2023).
10.29Form of Notice of F&G Restricted Stock Grant dated November 15, 2023, under F&G 2022 Omnibus Incentive Plan.
21.1List of SubsidiariesSubsidiaries. (2)
23.1
Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm.(2)
31.1
Certification of Chief Executive Officer, pursuant to Exchange Act Rule 13a-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.(2)
31.2
Certification of Chief Financial Officer, pursuant to Exchange Act Rule 13a-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.(2)
31.3
Certification of Chief Executive Officer, pursuant to Exchange Act Rule 13a-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.4
Certification of Chief Financial Officer, pursuant to Exchange Act Rule 13a-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1
Certification of Chief Executive Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.(2)
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32.2
Certification of Chief Financial Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. (2)
97 *F&G Annuities & Life, Inc. Incentive-Based Compensation Recovery Policy.(1)
101 INS+The following financial information from the Company’s Annual Report on Form 10-K for the twelve-month period ended December 31, 2023 is formatted in Inline XBRL Instance Document (3)
101 SCH+XBRL Taxonomy Extension Schema Document.
101 CAL+XBRL Taxonomy Extension Calculation Linkbase Document.
101 LAB+XBRL Taxonomy Extension Label Linkbase Document.
101 PRE+XBRL Taxonomy Extension Presentation Linkbase Document.
101 DEF+XBRL Taxonomy Extension Definition Linkbase Document.(Extensible Business Reporting Language): (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statements of Comprehensive Income (Loss), (iv) the Consolidated Statements of Equity, (v) the Consolidated Statements of Cash Flows, and (vi) notes to these consolidated financial statements, and (vii) the Cover Page to the Company’s Annual Report on Form 10-K.
104Cover Page Interactive Data File (theThe cover page XBRL tags are embeddedfrom the Company’s Annual Report on Form 10-K for the twelve-month period ended December 31, 2023 is formatted in the Inline XBRL document)(Extensible Business Reporting Language) and contained in Exhibit 101.

(1) A management or compensatory plan or arrangement required to be filed as an exhibit to this report pursuant to Item 15(b) of Form 10-K.

(2) Previously filed or furnished, as applicable, as an exhibit to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022,2023, filed with the SEC on February 27, 2023.

29, 2024.

(3) The instance document does not appear in the interactive data file because its XBRL tags are embedded within the inline XBRL document.document



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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

F&G Annuities & Life, Inc.
By:    /s/ Christopher Blunt    
     Christopher Blunt
     Chief Executive Officer

F&G Annuities & Life, Inc.
By:/s/ Christopher Blunt
Christopher Blunt
Chief Executive Officer

Date: April 27, 202326, 2024


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