Fidelity & Guaranty Life, a Baltimore-based insurer that specializes in selling indexed annuities, is being taken public by parent company Harbinger Group Inc., LifeHealthPro reported
The $100 million initial public offering could be an indication of the endgame for other insurers that are being acquired by private equity firms such as Apollo Global Management, whose Athene Holding Ltd. is buying Aviva USA. In 2011, Harbinger, which lists itself as a publicly traded diversified holding company, acquired Fidelity & Guaranty Life for $350 million.
Neither the share price nor the amount of stock to be sold were revealed in a  Securities and Exchange Commission filing.