FNF Group of Fidelity National Financial, Inc.
Description
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 products. 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 and immediate annuities, as well as indexed universal life insurance products; and funding agreements and pension risk transfer (PRT) solutions. Further, the company engages in the real estate brokerage business. Fidelity National Financial, Inc. was incorporated in 2005 and is headquartered in Jacksonville, Florida.
About
Earnings
Date | Estimate EPS | Actual EPS | Difference | % Surprise |
---|---|---|---|---|
Nov 5, 2025 | — | — | — | — |
Aug 5, 2025 | — | — | — | — |
May 7, 2025 | — | — | — | — |
Feb 20, 2025 | 1.23 | — | — | — |
Nov 7, 2024 | 1.29 | 1.30 | 0.01 | 0.78% |
Earnings estimate
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
---|---|---|---|---|
Number of analysts | — | 5 | — | 4 |
Average estimate | — | 1.13 | — | 5.84 |
Low estimate | — | 1.08 | — | 5.54 |
High estimate | — | 1.21 | — | 6.10 |
Last year EPS | — | 0.76 | — | 4.54 |
Growth estimates
Analyst Ratings
Date | Firm | Action | Rating | Price Target |
---|---|---|---|---|
Jan 8, 2025 |
Keefe, Bruyette & Woods
Bose George
|
Maintains | Market Perform | ▼ Lowers $64 → $63 |
Jan 3, 2025 |
Deutsche Bank
Mark Devries
|
Upgrade | Buy | ▲ Raises $76 → $77 |
Dec 10, 2024 |
Keefe, Bruyette & Woods
Bose George
|
Maintains | Market Perform | ▲ Raises $63 → $64 |
Nov 11, 2024 |
Truist Securities
Mark Hughes
|
Maintains | Buy | ▲ Raises $64 → $70 |
Nov 8, 2024 |
Stephens & Co.
|
Maintains | Overweight | — |
Oct 8, 2024 |
Barclays
Mark Devries
|
Maintains | Equal-Weight | ▲ Raises $56 → $59 |
Sep 4, 2024 |
Keefe, Bruyette & Woods
Bose George
|
Maintains | Market Perform | ▲ Raises $58 → $63 |
Aug 15, 2024 |
Stephens & Co.
John Campbell
|
Reiterates | Overweight | Maintains $63 |
Aug 7, 2024 |
Keefe, Bruyette & Woods
Bose George
|
Maintains | Market Perform | ▲ Raises $53 → $58 |
Aug 7, 2024 |
Truist Securities
Mark Hughes
|
Maintains | Buy | ▲ Raises $62 → $64 |
Aug 7, 2024 |
Deutsche Bank
Mark Devries
|
Maintains | Hold | ▲ Raises $61 → $63 |
Aug 6, 2024 |
Keefe, Bruyette & Woods
Bose George
|
Maintains | Market Perform | Maintains $53 |
Aug 6, 2024 |
Stephens & Co.
John Campbell
|
Reiterates | Overweight | Maintains $60 |
Jul 2, 2024 |
Keefe, Bruyette & Woods
Bose George
|
Maintains | Market Perform | ▼ Lowers $55 → $53 |
May 13, 2024 |
Keefe, Bruyette & Woods
Bose George
|
Maintains | Market Perform | ▼ Lowers $56 → $55 |
May 10, 2024 |
Stephens & Co.
John Campbell
|
Maintains | Overweight | ▲ Raises $59 → $60 |
Apr 9, 2024 |
Barclays
Mark Devries
|
Maintains | Equal-Weight | ▲ Raises $52 → $56 |
Mar 21, 2024 |
Keefe, Bruyette & Woods
Bose George
|
Maintains | Market Perform | ▲ Raises $54 → $56 |
Feb 26, 2024 |
Keefe, Bruyette & Woods
Bose George
|
Maintains | Market Perform | ▲ Raises $51 → $54 |
Feb 23, 2024 |
Barclays
Terry Ma
|
Maintains | Equal-Weight | ▼ Lowers $55 → $52 |
Feb 23, 2024 |
Truist Securities
Mark Hughes
|
Maintains | Buy | ▲ Raises $55 → $60 |
Dec 13, 2023 |
Keefe, Bruyette & Woods
George Bose
|
Maintains | Market Perform | ▲ Raises $46 → $51 |
Nov 15, 2023 |
Barclays
Terry Ma
|
Initiates | Equal-Weight | Announces $44 |
Nov 14, 2023 |
Stephens & Co.
John Campbell
|
Reiterates | Overweight | Maintains $51 |
Nov 9, 2023 |
Truist Securities
Mark Hughes
|
Maintains | Buy | ▲ Raises $52 → $55 |
Oct 2, 2023 |
Keefe, Bruyette & Woods
George Bose
|
Downgrade | Market Perform | ▼ Lowers $45 → $43 |
Aug 17, 2023 |
Stephens & Co.
John Campbell
|
Reiterates | Overweight | Maintains $48 |
Aug 10, 2023 |
BTIG
Ryan Gilbert
|
Maintains | Buy | ▲ Raises $47 → $48 |
Aug 10, 2023 |
Truist Securities
Mark Hughes
|
Maintains | Buy | ▲ Raises $48 → $52 |
Aug 9, 2023 |
Stephens & Co.
John Campbell
|
Reiterates | Overweight | Maintains $44 |
Income statement
2023 | 2022 | 2021 | 2020 | 2019 | |
---|---|---|---|---|---|
Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Total reported revenue | 11.52B | 11.46B | 15.07B | 10.70B | 8.47B |
Cost of revenue | — | — | — | — | — |
Gross profit | — | — | — | — | — |
Operating expense | |||||
Research & development | — | — | — | — | — |
Selling general and admin | 2.91B | 3.19B | 3.53B | 2.95B | 2.70B |
Other operating expenses | 1.52B | 1.72B | 1.93B | 1.76B | 1.68B |
Operating income | — | — | — | — | — |
Non operating interest income | |||||
Income | — | — | — | — | — |
Expense | 174.00M | 115.00M | 114.00M | 90.00M | 47.00M |
Other income expense | — | — | — | — | — |
Pretax income | 693.00M | 1.73B | 3.56B | 1.78B | 1.37B |
Tax provision | 192.00M | 439.00M | 813.00M | 322.00M | 308.00M |
Net income | 518.00M | 1.31B | 2.82B | 1.45B | 1.08B |
Basic EPS | 1.91 | 4.13 | 8.50 | 5.02 | 3.89 |
Diluted EPS | 1.91 | 4.10 | 8.44 | 4.99 | 3.83 |
Basic average shares | 270.00M | 275.00M | 285.00M | 284.00M | 273.00M |
Diluted average shares | 270.00M | 275.00M | 285.00M | 284.00M | 273.00M |
EBITDA | — | — | — | — | — |
Net income from continuing op. | 518.00M | 1.31B | 2.82B | 1.45B | 1.08B |
Minority interests | -1.00M | -12.00M | -20.00M | -25.00M | -14.00M |
Preferred stock dividends | — | — | — | — | — |
Balance sheet
2023 | 2022 | 2021 | 2020 | 2019 | |
---|---|---|---|---|---|
Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Total assets | — | — | — | — | — |
Current assets | |||||
Cash | — | — | — | — | — |
Cash equivalents | — | — | — | — | — |
Cash and cash equivalents | 2.51B | 2.04B | 3.88B | 2.45B | 992.00M |
Other short term investments | 24.05B | 19.20B | 32.48B | 28.36B | 2.97B |
Accounts receivable | 9.42B | 5.89B | 4.30B | 3.65B | 346.00M |
Other receivables | — | — | — | — | — |
Inventory | — | — | — | — | — |
Prepaid assets | — | 2.23B | 1.20B | 997.00M | 432.00M |
Restricted cash | — | — | — | — | — |
Assets held for sale | — | — | — | — | — |
Hedging assets | — | — | — | — | — |
Other current assets | — | — | — | — | — |
Non current assets | |||||
Properties | — | — | — | — | — |
Land and improvements | — | — | — | — | — |
Machinery furniture equipment | — | — | — | — | — |
Construction in progress | — | — | — | — | — |
Leases | — | — | — | — | — |
Accumulated depreciation | — | — | — | — | — |
Goodwill | 14.85B | 13.64B | 12.18B | 11.80B | 6.28B |
Investment properties | — | — | — | — | — |
Financial assets | — | — | — | — | — |
Intangible assets | 4.91B | 4.09B | 2.82B | 2.53B | 826.00M |
Investments and advances | 49.21B | 39.91B | 37.63B | 31.99B | 4.23B |
Other non current assets | — | — | — | — | — |
Total liabilities | — | — | — | — | — |
Current liabilities | |||||
Accounts payable | 339.00M | 156.00M | 129.00M | 115.00M | 44.00M |
Accrued expenses | 824.00M | 854.00M | 972.00M | 891.00M | 650.00M |
Short term debt | — | — | — | — | — |
Deferred revenue | — | — | — | — | — |
Tax payable | 3.00M | 20.00M | 131.00M | 56.00M | 10.00M |
Pensions | — | — | — | — | — |
Other current liabilities | — | — | — | — | — |
Non current liabilities | |||||
Long term debt | 4.28B | 3.66B | 3.51B | 3.08B | 1.28B |
Provision for risks and charges | — | — | — | — | — |
Deferred liabilities | 29.00M | 71.00M | 205.00M | 300.00M | 284.00M |
Derivative product liabilities | 588.00M | 178.00M | 649.00M | 516.00M | — |
Other non current liabilities | — | — | — | — | — |
Shareholders equity | |||||
Common stock | — | — | — | — | — |
Retained earnings | 5.24B | 5.23B | 4.37B | 2.39B | 1.36B |
Other shareholders equity | -2.12B | -2.87B | 779.00M | 1.30B | 43.00M |
Total shareholders equity | 7.46B | 6.57B | 9.46B | 8.39B | 5.37B |
Additional paid in capital | 5.91B | 5.87B | 5.81B | 5.72B | 4.58B |
Treasury stock | 2.13B | 2.11B | 1.55B | 1.07B | 598.00M |
Minority interest | 552.00M | 453.00M | 43.00M | 41.00M | -17.00M |
Cash flow statement
2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||||||||
Net Income | 518.00M | 1.31B | 2.82B | 1.45B | 1.08B | 635.00M | 794.00M | 692.00M | 561.00M | 519.00M | 411.00M | 612.00M | 379.00M | 375.60M | 224.50M | -183.20M | 129.77M | 437.76M | 964.11M | 558.16M |
Depreciation | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Deferred Taxes | — | — | — | — | — | — | — | — | -21.00M | -16.00M | -17.00M | -31.00M | -6.00M | -3.00M | — | — | — | — | — | — |
Stock-Based Compensation | 60.00M | 49.00M | 42.00M | 39.00M | 38.00M | 31.00M | 44.00M | 58.00M | 56.00M | 51.00M | 35.00M | 27.00M | 27.00M | 25.10M | 33.70M | 32.70M | 29.87M | — | — | — |
Other Non-Cash Items | -177.00M | -415.00M | -246.00M | -102.00M | -2.00M | — | — | — | — | — | — | -152.00M | -148.70M | — | 2.20M | -4.21M | -12.33M | 447.87M | -77.70M | -11.44M |
Accounts Receivable | 115.00M | 454.00M | -61.00M | -43.00M | -36.00M | 15.00M | -11.00M | -14.00M | 7.00M | -22.00M | — | -12.00M | 16.00M | -28.20M | 48.60M | 27.60M | 22.29M | -140.19M | -251.59M | -11.24M |
Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 84.17M | -58.91M | 263.53M | — |
Other Assets & Liabilities | 334.00M | -717.00M | 339.00M | -61.00M | 174.00M | -28.00M | -133.00M | -2.00M | 37.00M | 198.00M | -62.00M | 146.00M | 144.10M | 170.80M | 11.80M | -1.36M | 122.59M | -199.10M | 204.44M | 8.61M |
Operating Cash Flow | 850.00M | 677.00M | 2.89B | 1.29B | 1.25B | 653.00M | 694.00M | 734.00M | 640.00M | 730.00M | 367.00M | 590.00M | 411.40M | 540.30M | 320.80M | -128.47M | 376.36M | 487.43M | 1.10B | 544.09M |
Investing Activities | ||||||||||||||||||||
Capital Expenditures | -132.00M | -138.00M | -131.00M | -110.00M | -92.00M | -62.00M | -145.00M | -284.00M | -241.00M | -210.00M | -145.00M | -79.00M | -36.00M | -53.90M | 3.00M | -80.50M | -75.79M | -163.88M | -160.35M | -71.55M |
Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | -6.80M | -9.50M | -7.10M | -17.10M | -40.79M | -180.88M | -166.08M | -415,000 |
Net Acquisitions | -1.60B | -1.26B | -1.85B | -1.25B | -35.00M | -59.00M | -235.00M | -723.00M | -152.00M | -2.36B | -45.00M | -82.00M | 131.00M | 154.90M | -47.90M | -89.30M | -755.00M | -172.96M | 261.28M | -115.71M |
Purchase of Investments | -13.99B | -15.72B | -16.01B | -4.96B | -1.26B | -1.50B | -745.00M | -589.00M | -1.69B | -1.43B | -979.00M | -1.17B | -1.30B | -1.40B | -1.91B | -756.30M | -5.17B | -2.96B | -4.27B | -3.25B |
Sale of Investments | 6.22B | 6.34B | 10.06B | 3.74B | 831.00M | 1.19B | 1.11B | 1.27B | 1.17B | 1.24B | 1.09B | 1.01B | 1.37B | 1.62B | 1.56B | 924.70M | 5.53B | 3.50B | 3.59B | 3.06B |
Investing Cash Flow | -9.51B | -10.86B | -7.94B | -2.57B | -566.00M | -427.00M | -25.00M | -330.00M | -924.00M | -2.77B | -85.00M | -310.00M | 164.00M | 326.70M | -361.50M | -7.80M | -966.62M | 65.16M | -854.68M | -367.29M |
Financing Activities | ||||||||||||||||||||
Long-Term Debt Issuance | 851.00M | 550.00M | 449.00M | 2.25B | — | 442.00M | 785.00M | 132.00M | 1.36B | 1.76B | 341.00M | 679.00M | 500.00M | 600.30M | 147.00M | 380.40M | 570.47M | 642.20M | 3.00B | 132,000 |
Long-Term Debt Payments | -185.00M | -400.00M | — | -1.00B | — | -370.00M | -996.00M | -200.00M | -1.36B | -1.07B | -359.00M | -557.00M | -516.00M | -510.10M | -398.40M | -263.50M | -29.43M | -874.11M | -1.19B | -33.37M |
Other Financing Charges | 2.94B | 4.95B | 5.41B | 1.41B | -91.00M | -185.00M | -501.00M | 136.00M | -39.00M | 534.00M | -27.00M | 5.00M | -6.00M | -6.70M | -800,000 | -3.30M | 3.78M | -58.96M | 134.66M | 101.64M |
Financing Cash Flow | 3.08B | 4.06B | 4.95B | 2.03B | -521.00M | -461.00M | -1.06B | -447.00M | -298.00M | 1.02B | 279.00M | -39.00M | -213.00M | -190.70M | -131.50M | -155.40M | 101.78M | -436.13M | -18.44M | -369.60M |
Other Cash Details | ||||||||||||||||||||
End Cash Position | 2.77B | 2.29B | 4.36B | 2.72B | 1.38B | 1.26B | 1.11B | 1.32B | 672.00M | 564.00M | 1.63B | 866.00M | 504.00M | 434.60M | 105.30M | 205.70M | 376.08M | 447.99M | 278.69M | 73.21M |
Income Tax Paid | 216.00M | 387.00M | 653.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Interest Paid | 157.00M | 125.00M | 112.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Free Cash Flow | 6.35B | 4.22B | 3.96B | 1.47B | 1.03B | 860.00M | 588.00M | 872.00M | 710.00M | 384.00M | 339.00M | 541.00M | 74.00M | 134.60M | 322.40M | -96.70M | 216.46M | 376.39M | 990.10M | 568.21M |