Stock Track | F&G Annuities & Life Plummets 5.04% Intraday After Announcing $1.9 Billion Sale of Life Reinsurer

Stock Track02-23

F&G Annuities & Life Inc. (FG) saw its stock price plummet 5.04% during Monday's intraday trading session.

The sharp decline follows news that the company has agreed to sell its life reinsurer business in a deal valued at $1.9 billion. The transaction is set to create a new company led by a Blackstone veteran, according to multiple financial news reports.

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