FNF Group of Fidelity National Financial, Inc. (FNF) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
601 RIVERSIDE AVENUE JACKSONVILLE, FL 32204 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6361 - Title Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 4,876 | 4,851 | 31,075 | 2,252 | 1,737 | 1,405 | |||
| Cash and cash equivalents | 2,286 | 4,360 | 2,719 | 1,376 | 1,257 | 1,110 | |||
| Short-term investments | 2,590 | 491 | 28,356 | 876 | 480 | 295 | |||
| Total current assets: | 4,876 | 4,851 | 31,075 | 2,252 | 1,737 | 1,405 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 376 | 376 | 374 | 410 | ✕ | ✕ | |||
| Property, plant and equipment | 179 | 185 | 180 | 176 | 164 | 193 | |||
| Long-term investments and receivables | 3,306 | 3,065 | 1,776 | 284 | 272 | 260 | |||
| Long-term investments | 3,306 | 3,065 | 1,776 | 284 | 272 | 260 | |||
| Intangible assets, net (including goodwill) | 5,216 | 5,062 | 4,495 | 3,149 | 3,239 | 3,364 | |||
| Goodwill | 4,642 | 4,539 | 4,495 | 2,727 | 2,726 | 2,746 | |||
| Intangible assets, net (excluding goodwill) | 574 | 523 | 422 | 513 | 618 | ||||
| Total noncurrent assets: | 9,077 | 8,688 | 6,825 | 4,019 | 3,675 | 3,817 | |||
| Other undisclosed assets | 51,636 | 47,151 | 12,555 | 4,406 | 3,889 | 3,929 | |||
| TOTAL ASSETS: | 65,589 | 60,690 | 50,455 | 10,677 | 9,301 | 9,151 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 71 | 205 | 300 | 284 | |||||
| Deferred income tax liabilities | 71 | 205 | 300 | 284 | ✕ | ✕ | |||
| Total noncurrent liabilities: | 71 | 205 | 300 | 284 | |||||
| Other undisclosed liabilities | 59,539 | 51,028 | 41,763 | 4,684 | 4,329 | 4,340 | |||
| Total liabilities: | 59,610 | 51,233 | 42,063 | 4,968 | 4,329 | 4,340 | |||
| Temporary equity, carrying amount | 344 | 344 | 344 | 344 | 344 | ||||
| Equity | |||||||||
| Equity, attributable to parent | 5,619 | 9,414 | 8,351 | 5,382 | 4,630 | 4,447 | |||
| Treasury stock, value | (2,109) | (1,545) | (1,067) | (598) | (498) | (468) | |||
| Additional paid in capital | 5,876 | 5,811 | 5,720 | 4,581 | 4,500 | 4,587 | |||
| Accumulated other comprehensive income (loss) | (2,862) | 779 | 1,304 | 43 | (13) | 111 | |||
| Retained earnings | 4,714 | 4,369 | 2,394 | 1,356 | 641 | 217 | |||
| Equity, attributable to noncontrolling interest | 360 | 43 | 41 | (17) | (2) | 20 | |||
| Total equity: | 5,979 | 9,457 | 8,392 | 5,365 | 4,628 | 4,467 | |||
| Other undisclosed liabilities and equity | (344) | (344) | |||||||
| TOTAL LIABILITIES AND EQUITY: | 65,589 | 60,690 | 50,455 | 10,677 | 9,301 | 9,151 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 11,556 | 15,643 | 10,778 | 8,469 | 7,594 | 7,663 | ||
| Insurance commissions and fees | 4,324 | 4,795 | 3,092 | 2,584 | 2,615 | ✕ | ||
| Net investment income | 1,891 | 1,961 | 900 | 225 | 177 | 131 | ||
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 2,636 | |
| Cost of revenue | (11) | (7) | (240) | (221) | (238) | |||
| Provision for loan, lease, and other losses | (11) | (7) | ✕ | |||||
| Policyholder benefits and claims incurred, net | (240) | (221) | ✕ | |||||
| Deferred policy acquisition costs, amortization expense | ||||||||
| Financial services costs | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | (238) | |
| Gross profit: | 11,545 | 15,643 | 10,771 | 8,229 | 7,373 | 7,425 | ||
| Operating expenses | (5,281) | (6,395) | (4,804) | (4,117) | (4,042) | (6,513) | ||
| Operating income: | 6,264 | 9,248 | 5,967 | 4,112 | 3,331 | 912 | ||
| Interest and debt expense | (115) | (114) | (90) | (47) | (43) | (48) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (4,614) | (6,051) | (4,093) | (2,696) | (2,538) | |||
| Income from continuing operations before equity method investments, income taxes: | 1,535 | 3,083 | 1,784 | 1,369 | 750 | 864 | ||
| Income from equity method investments | 15 | 64 | 15 | 15 | 5 | 10 | ||
| Income from continuing operations before income taxes: | 1,550 | 3,147 | 1,799 | 1,384 | 755 | 874 | ||
| Income tax expense | (398) | (713) | (322) | (308) | (120) | (235) | ||
| Income from continuing operations: | 1,152 | 2,434 | 1,477 | 1,076 | 635 | 639 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | 2,442 | 1,452 | 1,076 | 635 | 794 | |
| Income (loss) from discontinued operations | 8 | (25) | 155 | |||||
| Net income: | 1,152 | 2,442 | 1,452 | 1,076 | 635 | 794 | ||
| Net loss attributable to noncontrolling interest | (14) | (7) | (23) | |||||
| Other undisclosed net loss attributable to parent | (16) | (20) | (25) | |||||
| Net income available to common stockholders, diluted: | 1,136 | 2,422 | 1,427 | 1,062 | 628 | 771 | ||
Comprehensive Income ($ in millions)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,152 | 2,442 | 1,452 | 1,076 | 635 | 794 | ||
| Other comprehensive income (loss) | (3,641) | (525) | 1,261 | 56 | (15) | 55 | ||
| Comprehensive income (loss): | (2,489) | 1,917 | 2,713 | 1,132 | 620 | 849 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (16) | (20) | (25) | (14) | (7) | (25) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (2,505) | 1,897 | 2,688 | 1,118 | 613 | 824 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.