By Stephen Nakrosis

F&G Annuities & Life Inc. on Tuesday said its board approved a share repurchase plan for up to $25 million of the company’s common stock.
The program, which is effective as of today, will run through March 21, 2026, F&G said.

Chris Blunt, president and chief executive, said the market has been slow to recognize the value created as the company executed its business plan. “As a result, our board of directors has authorized a $25 million share repurchase program to take advantage of our shares currently trading at a significant discount to intrinsic value,” he said.
F&G said it is a provider of insurance solutions serving retail annuity and life customers and institutional clients.
The company has a market cap of $2 billion, 126.41 million shares outstanding and a public float of 19.21 million shares.
The stock ended the day’s regular session with a 5.44% gain, closing at $16.67 per share.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com