Fidelity & Guaranty Life 8-K Fidelity & Guaranty Life Reports Third Quarter Fiscal 2014 Results

Fidelity & Guaranty Life Declares Quarterly Dividend

DES MOINES, Iowa, August 5, 2014 - Fidelity & Guaranty Life (NYSE: FGL), announced today that its Board of Directors has declared a quarterly dividend of $0.065 per share. The dividend is payable on September 1, 2014 to its shareholders of record as of the close of business on August 18, 2014.

About Fidelity & Guaranty Life

Fidelity & Guaranty Life, an insurance holding company, helps middle-income Americans prepare for retirement. Through its subsidiaries, the company offers fixed annuity and life insurance products distributed by independent agents through an established network of independent marketing organizations. Fidelity & Guaranty Life, headquartered in Des Moines, Iowa, trades on the New York Stock Exchange under the ticker symbol FGL. For more information, please visit www.fglife.com.

Investor Contact:

Molly Carman

Fidelity & Guaranty Life

molly.carman@fglife.com

410-895-1008

Media Contact:

Sard Verbinnen & Co

Jamie Tully or David Millar

212-687-8080