F&G Life's Move to New Corporate Headquarters Signifies Fast Growth and Future Planning

BALTIMORE--(PRNewswire)--Fidelity & Guaranty Life (F&G Life) Insurance Company, a Baltimore-based provider of life insurance and annuity products, today announced it has officially moved into its new corporate headquarters at 1001 Fleet Street in Inner Harbor East.

F&G Life's fast growth and plans to continue to grow the business at rates exceeding the industry necessitated a larger facility. The company outgrew its previous office space in Baltimore City due to a 75 percent increase in employment level since 1996.

"F&G Life's new corporate headquarters provides us with a foundation for future growth. In designing this space, we took into consideration our needs over the next several years as well as the satisfaction of our employees," said F&G Life President Harry N. Stout. F&G Life's new space is comprised of 56,000 square feet and occupies two floors of the office building, doubling the square footage at its previous location.

"F&G Life's new headquarters is characterized by its open, bright environment and great location. The facility provides a fantastic work environment that compliments our high performance culture," said Stout.

Stout added, "We're looking forward to settling into our new office space and to continuing our successful company growth." F&G Life will celebrate the Grand Opening of its new corporate headquarters on March 16, 2000.

F&G Life, with more than $6.5 billion in assets, is a subsidiary of The St. Paul Companies. The Company is a leading provider in the single premium deferred annuity, equity-indexed annuity, tax-sheltered annuity, structured settlement annuity, term, and universal life insurance markets. For more information, visit the Company's web site at http://www.fglife.com/.

The St. Paul Companies, headquartered in Saint Paul, Minn., is a group of companies providing property-liability insurance and reinsurance products and services worldwide. The St. Paul ranked No. 204 on the Fortune 500 list of largest U.S. companies and reported 1999 revenues of more than $7.5 billion and total assets of $38.9 billion.

Fidelity & Guaranty Life Insurance Company
Contact: Jennifer Mann of F&G Life, 888-697-5433

Website: http://www.fglife.com/