Market Summary
USD34.73+0.27
Market Closed0.78%
FNF Stock Price
FNF RSI Chart
FNF Valuation
FNF Price/Sales (Trailing)
FNF Profitability
FNF Fundamentals
FNF Revenue
FNF Earnings
Price Action
52 Week Range
32.0245.51
(Low)(High)
Last 7 days
-0.1%
Last 30 days
1.7%
Last 90 days
-12.0%
Trailing 12 Months
-15.5%
FNF Financial Health
FNF Investor Care
Peers (Alternatives to Fidelity National Financial)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PGR | 80.9B | 52.1B | -4.00% | 10.00% | 112.13 | 1.63 | 6.08% | -60.84% |
TRV | 39.8B | 37.8B | -2.45% | 0.63% | 14.22 | 1.05 | 6.99% | -29.09% |
AIG | 39.6B | 51.6B | 6.42% | -4.08% | 3.86 | 0.7 | -3.37% | -38.13% |
ALL | 28.8B | 52.9B | -3.97% | -15.88% | -12.04 | 0.54 | 4.73% | -167.90% |
RE | 24.5B | 12.4B | -5.12% | 26.78% | 41.05 | 1.97 | 3.58% | -56.71% |
Y | 11.4B | - | 0.57% | 29.95% | 32.11 | 0.97 | - | - |
AFG | 9.7B | 7.2B | -4.93% | -11.85% | 11.83 | 1.35 | 8.46% | -56.06% |
| MID-CAP | ||||||||
FNF | 9.5B | 10.9B | 1.73% | -15.54% | 13.9 | 0.87 | -30.83% | -69.29% |
ORI | 7.3B | 8.1B | 0.61% | 5.85% | 10.62 | 0.9 | -13.47% | -55.25% |
FAF | 5.7B | 7.0B | -0.09% | -7.91% | 26.93 | 0.81 | -23.96% | -80.86% |
| SMALL-CAP | ||||||||
STC | 1.2B | 2.7B | 11.44% | -19.65% | 12.72 | 0.45 | -21.02% | -70.56% |
PLMR | 1.2B | 338.2M | -4.28% | -23.19% | 21.71 | 3.53 | 22.24% | 25.58% |
ARGO | 1.0B | 1.7B | -0.37% | -29.79% | -5.91 | 0.59 | -19.98% | -763.07% |
ITIC | 261.5M | 265.7M | -6.26% | -14.46% | 13.84 | 0.98 | -18.59% | -68.17% |
Financials for Fidelity National Financial
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Revenue | -6.0% | 10,865 | 11,556 | 13,800 | 14,485 | 15,708 |
| EBITDA | -25.6% | 2,146 | 2,885 | 3,522 | 3,638 | - |
| EBITDA Margin | -11.2% | 0.19* | 0.21* | 4.39* | 0.23* | - |
| Earnings Before Taxes | -40.8% | 909 | 1,535 | 2,186 | 2,703 | 2,878 |
| EBT Margin | -16.1% | 0.13* | 0.16* | 3.37* | 0.18* | - |
| Interest Expenses | 10.4% | 127 | 115 | 120 | 119 | 116 |
| Net Income | -40.1% | 680 | 1,136 | 1,601 | 2,044 | 2,214 |
| Net Income Margin | -15.3% | 0.10* | 0.12* | 2.55* | 0.14* | - |
| Free Cahsflow | -2.5% | 4,355 | 4,467 | 4,069 | 4,092 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Assets | 6.2% | 69,654 | 65,589 | 62,164 | 61,230 | 60,857 |
| Cash Equivalents | 23.4% | 2,821 | 2,286 | 2,474 | 2,426 | 2,793 |
| Net PPE | -1.1% | 177 | 179 | 182 | 185 | 187 |
| Goodwill | 3.2% | 4,791 | 4,642 | 4,609 | 4,538 | 4,539 |
| Liabilities | 5.7% | 63,006 | 59,610 | 56,365 | 54,484 | 52,739 |
| Long Term Debt | 14.1% | 3,696 | 3,238 | 2,693 | 3,094 | 3,095 |
| Shareholder's Equity | 18.3% | 6,648 | 5,619 | 5,712 | 6,746 | 8,118 |
| Retained Earnings | 7.0% | 5,044 | 4,714 | 5,069 | 4,901 | 4,642 |
| Additional Paid-In Capital | -0.1% | 5,871 | 5,876 | 5,885 | 5,843 | 5,826 |
| Shares Outstanding | 0.0% | 272 | 272 | 283 | 288 | 292 |
| Minority Interest | 26.7% | 456 | 360 | 87.00 | 43.00 | 41.00 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Cashflow From Operations | 17.2% | 5,106 | 4,355 | 4,467 | 4,069 | 4,092 |
| Share Based Compensation | 0% | 49.00 | 49.00 | 46.00 | 45.00 | - |
| Cashflow From Investing | 10.7% | -9,395 | -10,524 | -10,476 | -10,222 | -9,803 |
| Cashflow From Financing | 5.4% | 4,317 | 4,095 | 3,335 | 5,108 | 5,478 |
| Dividend Payments | -0.4% | 487 | 489 | 491 | 485 | 466 |
| Buy Backs | -22.2% | 430 | 553 | 606 | 467 | 480 |
Risks for FNF
What is the probability of a big loss on FNF?
62.7%
Probability that Fidelity National Financial stock will be more than 20% underwater in next one year
31.5%
Probability that Fidelity National Financial stock will be more than 30% underwater in next one year.
19.2%
Probability that Fidelity National Financial stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does FNF drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Fidelity National Financial was unfortunately bought at previous high price.
Drawdowns
Returns for FNF
Cumulative Returns on FNF
9.2%
10-Year Cumulative Returns
7.8%
7-Year Cumulative Returns
1.1%
5-Year Cumulative Returns
8.3%
3-Year Cumulative Returns
What are the long-term rolling returns for FNF?
FIve years rolling returns for Fidelity National Financial.
Annualized Returns
Which funds bought or sold FNF recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-05-23 | Front Row Advisors LLC | unchanged | - | - | 1,000 | -% |
2023-05-23 | Brookfield Corp /ON/ | reduced | -95.82 | -7,361,820 | 297,569 | -% |
2023-05-22 | Raleigh Capital Management Inc. | added | 3.73 | -6,587 | 172,737 | 0.09% |
2023-05-22 | AMERIPRISE FINANCIAL INC | reduced | -5.63 | -936,466 | 6,629,530 | -% |
2023-05-22 | Arete Wealth Advisors, LLC | new | - | 211,000 | 211,000 | 0.02% |
2023-05-19 | Coppell Advisory Solutions LLC | sold off | -100 | -226 | - | -% |
2023-05-18 | JPMORGAN CHASE & CO | added | 41.59 | 4,353,560 | 18,190,600 | -% |
2023-05-18 | NEW YORK STATE COMMON RETIREMENT FUND | reduced | -8.89 | -1,768,000 | 9,713,000 | 0.01% |
2023-05-17 | Certified Advisory Corp | new | - | 699 | 699 | -% |
2023-05-17 | VIRGINIA RETIREMENT SYSTEMS ET AL | reduced | -4.07 | 1,213,280 | 35,596,000 | 0.37% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Fidelity National Financial News
Schedule 13G FIlings of Fidelity National Financial
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 10.59% | 28,815,996 | SC 13G/A | |
| Jan 26, 2023 | blackrock inc. | 13.1% | 35,515,436 | SC 13G/A | |
| Jan 20, 2023 | blackrock inc. | 13.1% | 35,515,436 | SC 13G | |
| Mar 09, 2022 | vanguard group inc | 10.11% | 28,660,531 | SC 13G/A | |
| Feb 15, 2022 | principal global investors | 2.29% | 6,527,789 | SC 13G/A | |
| Jan 28, 2022 | blackrock inc. | 11.8% | 33,708,680 | SC 13G/A | |
| Aug 09, 2021 | blackrock inc. | 10.8% | 31,190,891 | SC 13G/A | |
| May 07, 2021 | fidelity national financial, inc. | 14.9% | 4,205,306 | SC 13G | |
| Feb 16, 2021 | principal global investors | 5.55% | 16,307,141 | SC 13G/A | |
| Feb 16, 2021 | price t rowe associates inc /md/ | 0.0% | 257,584 | SC 13G/A |
FNF Fair Value
Recent SEC filings of Fidelity National Financial
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| May 10, 2023 | 13F-HR | Fund Holdings Report | |
| May 09, 2023 | 10-Q | Quarterly Report | |
| May 05, 2023 | S-3ASR | S-3ASR | |
| May 05, 2023 | S-3ASR | S-3ASR | |
| May 03, 2023 | 8-K | Current Report | |
| Apr 28, 2023 | 4/A | Insider Trading | |
| Apr 27, 2023 | DEFA14A | DEFA14A | |
| Apr 27, 2023 | DEF 14A | DEF 14A | |
| Apr 27, 2023 | ARS | ARS | |
| Apr 04, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for FNF
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2022-12-05 | LANE DANIEL D | sold | -207,053 | 37.435 | -5,531 | - |
2022-11-10 | Gravelle Michael L | acquired | - | - | 35,391 | executive vice president |
2022-11-10 | PARK ANTHONY | acquired | - | - | 36,983 | evp & chief financial officer |
2022-11-10 | Shea Peter O Jr | acquired | - | - | 6,491 | - |
2022-11-10 | FOLEY WILLIAM P II | acquired | - | - | 12,246 | - |
2022-11-10 | SADOWSKI PETER T | acquired | - | - | 35,391 | evp, chief legal officer |
2022-11-10 | Murren Heather Hay | acquired | - | - | 6,491 | - |
2022-11-10 | Ammerman Douglas K | acquired | - | - | 6,491 | - |
2022-11-10 | QUIRK RAYMOND R | acquired | - | - | 118,786 | executive vice-chairman |
2022-11-10 | Nolan Michael Joseph | acquired | - | - | 105,315 | chief executive officer |
Fidelity National Financial, Inc., together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty insurance. The company also provides technology and transaction services to the real estate and mortgage industries; and mortgage transaction services, including title-related services and facilitation of production and management of mortgage loans. In addition, it offers annuity and life insurance products, such as deferred annuities that include fixed indexed, fixed rate, and immediate annuities, as well as indexed universal life insurance products. Further, the company engages in the real estate brokerage business. Fidelity National Financial, Inc. was founded in 1847 and is headquartered in Jacksonville, Florida.
FNF Income Statement
2023-03-31CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions | 3 Months Ended | |
|---|---|---|
Mar. 31, 2023 | Mar. 31, 2022 | |
| Revenues: | ||
| Direct title insurance premiums | $ 428 | $ 767 |
| Agency title insurance premiums | 550 | 1,099 |
| Escrow, title-related and other fees | 880 | 1,292 |
| Interest and investment income | 611 | 478 |
| Recognized gains and losses, net | 5 | (469) |
| Total revenues | 2,474 | 3,167 |
| Expenses: | ||
| Personnel costs | 677 | 823 |
| Agent commissions | 420 | 844 |
| Other operating expenses | 360 | 442 |
| Benefits and other changes in policy reserves | 812 | 203 |
| Market risk benefit losses | 59 | 70 |
| Depreciation and amortization | 134 | 115 |
| Provision for title claim losses | 44 | 84 |
| Interest expense | 42 | 30 |
| Total expenses | 2,548 | 2,611 |
| (Loss) earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates | (74) | 556 |
| Income tax expense | 14 | 156 |
| (Loss) earnings before equity in earnings of unconsolidated affiliates | (88) | 400 |
| Equity in (loss) earnings of unconsolidated affiliates | 0 | 2 |
| Net (loss) earnings | (88) | 402 |
| Less: Net (loss) earnings attributable to non-controlling interests | (29) | 2 |
| Net (loss) earnings attributable to Fidelity National Financial, Inc. common shareholders | $ (59) | $ 400 |
| Basic | ||
| Net earnings per share from continuing operations attributable to common shareholders (in usd per share) | $ (0.22) | $ 1.42 |
| Net earnings per share attributable to common shareholders, basic (in usd per share) | (0.22) | 1.42 |
| Diluted | ||
| Net earnings per share from continuing operations attributable to common shareholders (in usd per share) | (0.22) | 1.41 |
| Net earnings per share attributable to common shareholders, diluted (in usd per share) | $ (0.22) | $ 1.41 |
| Weighted average common shares outstanding - basic (in shares) | 270 | 281 |
| Weighted average common shares outstanding - diluted (in shares) | 271 | 283 |
FNF Balance Sheet
2023-03-31CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Mar. 31, 2023 | Dec. 31, 2022 |
|---|---|---|
| Investments: | ||
| Fixed maturity securities available for sale, at fair value, at March 31, 2023 and December 31, 2022, at an amortized cost of $40,219 and $37,708, respectively, net of allowance for credit losses of $20 and $39, respectively, and includes pledged fixed maturity securities of $471 and $448, respectively, related to secured trust deposits | $ 36,110 | $ 33,095 |
| Derivative investments | 432 | 244 |
| Mortgage loans, net of allowance for credit losses of $60 and $42 at March 31, 2023 and December 31, 2022, respectively | 4,984 | 4,554 |
| Investments in unconsolidated affiliates | 2,889 | 2,642 |
| Other long-term investments | 691 | 664 |
| Short-term investments, at March 31, 2023 and December 31, 2022 includes pledged short-term investments of $1 and $6, respectively, related to secured trust deposits | 1,346 | 2,590 |
| Total investments | 48,037 | 45,370 |
| Cash and cash equivalents, at March 31, 2023 and December 31, 2022 includes $343 and $242, respectively, of pledged cash related to secured trust deposits | 2,821 | 2,286 |
| Trade and notes receivables, net of allowance for credit losses of $33 and $33 at March 31, 2023 and December 31, 2022, respectively | 428 | 467 |
| Reinsurance recoverable, net of allowance for credit losses of $20 at March 31, 2022 and December 31, 2021 | 6,362 | 5,418 |
| Goodwill | 4,791 | 4,635 |
| Prepaid expenses and other assets | 1,991 | 2,068 |
| Market risk benefits asset | 106 | 117 |
| Lease assets | 367 | 376 |
| Other intangible assets, net | 4,158 | 3,811 |
| Title plants | 416 | 416 |
| Property and equipment, net | 177 | 179 |
| Total assets | 69,654 | 65,143 |
| Liabilities: | ||
| Contractholder funds | 43,379 | 40,843 |
| Future policy benefits | 5,371 | 5,021 |
| Accounts payable and accrued liabilities | 2,343 | 2,326 |
| Market risk benefits liability | 324 | 282 |
| Outstanding debt | 3,696 | 3,238 |
| Reserve for title claim losses | 1,791 | 1,810 |
| Funds withheld for reinsurance liabilities | 4,830 | 3,703 |
| Secured trust deposits | 801 | 862 |
| Lease liabilities | 410 | 418 |
| Deferred tax liability | 61 | 71 |
| Total liabilities | 63,006 | 58,574 |
| Equity: | ||
| FNF common stock, $0.0001 par value; authorized 600,000,000 shares as of March 31, 2023 and December 31, 2022; outstanding of 272,194,249 and 272,309,890 as of March 31, 2023 and December 31, 2022, respectively, and issued of 327,747,431 and 327,757,349 as of March 31, 2023 and December 31, 2022, respectively | 0 | 0 |
| Preferred stock, $0.0001 par value; authorized 50,000,000 shares; issued and outstanding, none | 0 | 0 |
| Additional paid-in capital | 5,871 | 5,870 |
| Retained earnings | 5,044 | 5,225 |
| Accumulated other comprehensive loss | (2,610) | (2,870) |
| Less: Treasury stock, 55,553,182 shares and 55,447,459 shares as of March 31, 2023 and December 31, 2022, respectively, at cost | (2,113) | (2,109) |
| Total Fidelity National Financial, Inc. shareholders’ equity | 6,192 | 6,116 |
| Non-controlling interests | 456 | 453 |
| Total equity | 6,648 | 6,569 |
| Total liabilities and equity | 69,654 | 65,143 |
| Preferred securities | ||
| Investments: | ||
| Securities, at fair value | 851 | 903 |
| Equity securities | ||
| Investments: | ||
| Securities, at fair value | $ 734 | $ 678 |