Fidelity National Financial, Inc. FNF

Financials SIC 6361 - Title Insurance NYSE

The following describes the business of Fidelity National Financial, Inc. and its subsidiaries. Except where otherwise noted, all references to "we," "us," "our", the "Company" or "FNF" are to Fidelity National Financial, Inc. and its subsidiaries, taken together.

We are a leading provider of (i) title insurance, escrow and other title-related services, including trust activities, trustee sales guarantees, recordings and reconveyances and home warranty and (ii) transaction services to the real estate and mortgage industries. FNF is one of the nation's largest title insurance companies operating through its title insurance underwriters - Fidelity National Title Insurance Company ("FNTIC"), Chicago Title Insurance Company ("Chicago Title"), Commonwealth Land Title Insurance Company ("Commonwealth Land Title"), Alamo Title Insurance ("Alamo Title") and National Title Insurance of New York Inc. ("National Title of New York") - which collectively issue more title insurance policies than any other title company in the United States. Through our subsidiary ServiceLink Holdings, LLC ("ServiceLink"), we provide mortgage transaction services including title-related services and facilitation of production and management of mortgage loans. We are also a leading provider of insurance solutions serving retail annuity and life customers and institutional clients through our majority-owned subsidiary, F&G Annuities & Life, Inc. ("F&G").

Last close 45.78 2026-09-04
Market cap $12.28B 2026-06-30 share count
52-week range 42.78 - 60.97

Valuation FY2025 figures against the last close

P/S5.8x
P/E20.7x
P/FCF2.1x
EV/EBITDA
Dividend yield4.4%
Diluted EPS2.21

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.10B$1.92B$1.86B$2.23B$2.82B$2.40B$2.12B$2.22B$7.66B$7.26B
Interest expense $209.0M$174.0M$115.0M$114.0M$90.0M$47.0M$43.0M$48.0M$64.0M
Pre-tax income $1.40B$1.74B$693.0M$1.73B$3.56B$1.78B$1.37B$750.0M$864.0M$955.0M
Income tax $753.0M$367.0M$192.0M$439.0M$813.0M$322.0M$308.0M$120.0M$235.0M$347.0M
Net income $602.0M$1.27B$517.0M$1.29B$2.80B$1.43B$1.06B$628.0M$771.0M$650.0M
EPS, basic 2.224.691.914.719.815.023.892.30
EPS, diluted 2.214.651.914.679.754.993.832.26
Shares, diluted (wtd. avg.) $272.0M$273.0M$271.0M$277.0M$287.0M$286.0M$277.0M$278.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $2.64B$3.48B$2.77B$2.29B$4.36B$2.72B$1.38B$1.26B$1.11B$1.32B
Property, plant and equipment $189.0M$173.0M$168.0M$179.0M$185.0M$180.0M$176.0M$164.0M$193.0M$192.0M
Goodwill $5.27B$5.27B$4.83B$4.63B$4.53B$4.50B$2.73B$2.73B$2.75B$2.56B
Other intangibles $917.0M$966.0M$4.63B$3.81B$523.0M$540.0M$422.0M$513.0M$618.0M$585.0M
Total assets $109.01B$95.26B$80.61B$65.14B$61.33B$50.45B$10.68B$9.30B$9.15B$14.52B
Long-term debt $4.40B$4.32B$3.89B$3.24B$3.10B$2.66B$838.0M$836.0M$759.0M$987.0M
Total liabilities $100.04B$86.73B$73.15B$58.57B$51.23B$42.06B$4.97B$4.33B$4.34B$7.28B
Retained earnings $5.48B$5.98B$5.24B$5.22B$4.37B$2.39B$1.36B$641.0M$217.0M$1.78B
Total equity $7.42B$7.75B$7.46B$6.57B$10.00B$8.49B$5.37B$4.63B$4.47B$6.90B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $5.83B$6.82B$6.48B$4.36B$4.09B$1.58B$1.12B$943.0M$737.0M$1.16B
Depreciation and amortisation $844.0M$739.0M$593.0M$491.0M$432.0M$296.0M$178.0M$182.0M$389.0M$431.0M
Stock-based compensation $88.0M$82.0M$60.0M$49.0M$42.0M$38.0M$31.0M$44.0M$58.0M
Investing cash flow -$8.93B-$7.86B-$9.09B-$10.52B-$7.45B-$2.33B-$520.0M-$354.0M$79.0M-$191.0M
Financing cash flow $2.26B$1.76B$3.09B$4.09B$5.00B$2.10B-$482.0M-$442.0M-$1.03B-$428.0M
Dividends paid $546.0M$532.0M$500.0M$489.0M$446.0M$389.0M$344.0M$328.0M$278.0M$239.0M
Buybacks $251.0M$0$6.0M$553.0M$463.0M$236.0M$86.0M$20.0M$23.0M$276.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-051485.

Others in SIC 6361

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FAF First American Financial Corp $7.43B 12.1x 21.6%
STC STEWART INFORMATION SERVICES CORP $2.06B 16.7x 17.3%
ITIC INVESTORS TITLE CO $562.6M 16.0x 16.4%