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

CEO
Employees
22,293
Instrument type
Common Stock
Sector
Financial Services
Industry
Insurance - Specialty
MIC code
XNYS
Address
601 Riverside Avenue, Jacksonville, FL 32204, United States
Phone
904 854 8100
Website
Chart Image
× Enlarged Chart
Oscillators
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Summary
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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
[stock_revenue_estimate]

Growth estimates

Current qtr
61.450%
Next qtr. (Mar 2025)
48.500%
Current year
27.830%
Next year (Dec 2025)
28.600%
Next 5 years (per annum)
Past 5 years (per annum)

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

20232022202120202019201820172016201520142013201220112010200920082007200620052004
Operating Activities
Net Income518.00M1.31B2.82B1.45B1.08B635.00M794.00M692.00M561.00M519.00M411.00M612.00M379.00M375.60M224.50M-183.20M129.77M437.76M964.11M558.16M
Depreciation
Deferred Taxes-21.00M-16.00M-17.00M-31.00M-6.00M-3.00M
Stock-Based Compensation60.00M49.00M42.00M39.00M38.00M31.00M44.00M58.00M56.00M51.00M35.00M27.00M27.00M25.10M33.70M32.70M29.87M
Other Non-Cash Items-177.00M-415.00M-246.00M-102.00M-2.00M-152.00M-148.70M2.20M-4.21M-12.33M447.87M-77.70M-11.44M
Accounts Receivable115.00M454.00M-61.00M-43.00M-36.00M15.00M-11.00M-14.00M7.00M-22.00M-12.00M16.00M-28.20M48.60M27.60M22.29M-140.19M-251.59M-11.24M
Accounts Payable84.17M-58.91M263.53M
Other Assets & Liabilities334.00M-717.00M339.00M-61.00M174.00M-28.00M-133.00M-2.00M37.00M198.00M-62.00M146.00M144.10M170.80M11.80M-1.36M122.59M-199.10M204.44M8.61M
Operating Cash Flow850.00M677.00M2.89B1.29B1.25B653.00M694.00M734.00M640.00M730.00M367.00M590.00M411.40M540.30M320.80M-128.47M376.36M487.43M1.10B544.09M
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-53.90M3.00M-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-82.00M131.00M154.90M-47.90M-89.30M-755.00M-172.96M261.28M-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 Investments6.22B6.34B10.06B3.74B831.00M1.19B1.11B1.27B1.17B1.24B1.09B1.01B1.37B1.62B1.56B924.70M5.53B3.50B3.59B3.06B
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-310.00M164.00M326.70M-361.50M-7.80M-966.62M65.16M-854.68M-367.29M
Financing Activities
Long-Term Debt Issuance851.00M550.00M449.00M2.25B442.00M785.00M132.00M1.36B1.76B341.00M679.00M500.00M600.30M147.00M380.40M570.47M642.20M3.00B132,000
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 Charges2.94B4.95B5.41B1.41B-91.00M-185.00M-501.00M136.00M-39.00M534.00M-27.00M5.00M-6.00M-6.70M-800,000-3.30M3.78M-58.96M134.66M101.64M
Financing Cash Flow3.08B4.06B4.95B2.03B-521.00M-461.00M-1.06B-447.00M-298.00M1.02B279.00M-39.00M-213.00M-190.70M-131.50M-155.40M101.78M-436.13M-18.44M-369.60M
Other Cash Details
End Cash Position2.77B2.29B4.36B2.72B1.38B1.26B1.11B1.32B672.00M564.00M1.63B866.00M504.00M434.60M105.30M205.70M376.08M447.99M278.69M73.21M
Income Tax Paid216.00M387.00M653.00M
Interest Paid157.00M125.00M112.00M
Free Cash Flow6.35B4.22B3.96B1.47B1.03B860.00M588.00M872.00M710.00M384.00M339.00M541.00M74.00M134.60M322.40M-96.70M216.46M376.39M990.10M568.21M
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Fidelity National Financial Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call Article
Fidelity National Financial Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call
JACKSONVILLE, Fla. , Feb. 6, 2025 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF) ("FNF"), a leading provider of title insurance and transaction services to the real estate and mortgage industries and a leading provider of insurance solutions serving retail annuity and life customers and institutional clients through its majority-owned, publicly traded subsidiary F&G Annuities & Life, Inc. (NYSE:FG) ("F&G"), will release fourth quarter and full year 2024 earnings after the close of regular market trading on Thursday, February 20, 2025.
PRNewsWire Neutral
Feb 6, 2025
Fidelity National Financial: Buy High Quality At A Discount Article
Fidelity National Financial: Buy High Quality At A Discount
Fidelity National Financial remains an attractive buy, due to its dominant market position, strategic diversification, and robust dividend growth. The company is well-positioned for sustained profitability through technology investments, AI-driven efficiencies, and a solid balance sheet with a 3.4% dividend yield. FNF appears undervalued with a forward PE below its historical average, offering significant upside potential from AUM growth and commercial sector recovery.
Seeking Alpha Positive
Feb 4, 2025
IPX1031 Releases 2025 Trends: Key Insights for the CRE Market and 1031 Exchanges Article
IPX1031 Releases 2025 Trends: Key Insights for the CRE Market and 1031 Exchanges
2025 Trends in 1031 Exchanges and Commercial Real Estate CHICAGO , Jan. 23, 2025 /PRNewswire/ -- Investment Property Exchange Services, Inc. (IPX1031), the national leader in 1031 Qualified Intermediary services, has released its annual 1031 trends, outlining the key developments expected in the commercial real estate (CRE) market and the 1031 Exchange landscape for 2025. As economic conditions and market dynamics evolve, staying informed on these trends is crucial for investors and property owners.
PRNewsWire Neutral
Jan 23, 2025
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