FNF Group of Fidelity National Financial, Inc. (FNF) financial statements (2022 and earlier)

Company profile

Business Address 601 RIVERSIDE AVENUE
JACKSONVILLE, FL 32204
State of Incorp.
Fiscal Year End December 31
SIC 6361 - Title Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,85131,0752,2521,7371,4051,8101,814
Cash and cash equivalents4,3602,7191,3761,2571,1101,323780
Short-term investments49128,3568764802954871,034
Total current assets:4,85131,0752,2521,7371,4051,8101,814
Noncurrent Assets
Operating lease, right-of-use asset376374410
Property, plant and equipment185180176164193616510
Long-term investments and receivables3,0651,776284272260612627
Long-term investments3,0651,776284272260612627
Intangible assets, net (including goodwill)5,0624,4953,1493,2393,3644,3924,267
Goodwill4,5394,4952,7272,7262,7465,0654,760
Intangible assets, net (excluding goodwill)523 422513618(673)(493)
Total noncurrent assets:8,6886,8254,0193,6753,8175,6205,404
Other undisclosed assets47,15112,5554,4063,8893,9297,0336,713
TOTAL ASSETS:60,69050,45510,6779,3019,15114,46313,931
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt205300284    
Deferred income tax liabilities205300284
Total noncurrent liabilities:205300284    
Other undisclosed liabilities51,02841,7634,6844,3294,3407,2216,999
Total liabilities:51,23342,0634,9684,3294,3407,2216,999
Temporary equity, carrying amount344344344344344344344
Stockholders' equity
Stockholders' equity attributable to parent9,4148,3515,3824,6304,4475,9965,754
Treasury stock, value(1,545)(1,067)(598)(498)(468)(623)(346)
Additional paid in capital5,8115,7204,5814,5004,5874,8484,795
Accumulated other comprehensive income (loss)7791,30443(13)111(13)(69)
Retained earnings4,3692,3941,3566412171,7841,374
Stockholders' equity attributable to noncontrolling interest4341(17)(2)20902834
Total stockholders' equity:9,4578,3925,3654,6284,4676,8986,588
Other undisclosed liabilities and equity(344)(344)     
TOTAL LIABILITIES AND EQUITY:60,69050,45510,6779,3019,15114,46313,931

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues15,64310,7788,4697,5947,6639,5549,132
Revenue, net 9,4279,022
Insurance commissions and fees4,7953,0922,5842,615
Financial services revenue2,636(9)(13)
Cost of revenue (7)(240)(221)(238)(1,141)(1,441)
Cost of goods and services sold     (984)(1,195)
Provision for loan, lease, and other losses (7)  
Policyholder benefits and claims incurred, net  (240)(221)
Financial services costs(238)(157)(246)
Gross profit:15,64310,7718,2297,3737,4258,4137,691
Operating expenses(6,395)(4,804)(4,117)(4,042)(6,513)(7,205)(6,830)
Operating income:9,2485,9674,1123,3319121,208861
Interest and debt expense(114)(90)(47)(43)(48)(136)(131)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(6,051)(4,093)(2,696)(2,538)  137
Income from continuing operations before equity method investments, income taxes:3,0831,7841,3697508641,072867
Income (loss) from equity method investments641515510(8)(16)
Income from continuing operations before income taxes:3,1471,7991,3847558741,064851
Income tax expense(713)(322)(308)(120)(235)(372)(290)
Income from continuing operations:2,4341,4771,076635639692561
Income (loss) from discontinued operations8(25)  155 12
Income before gain (loss) on sale of properties:2,4421,4521,076635794692573
Other undisclosed net loss      (12)
Net income:2,4421,4521,076635794692561
Net loss attributable to noncontrolling interest  (14)(7)(23)(42)(34)
Other undisclosed net loss attributable to parent(20)(25)     
Net income available to common stockholders, diluted:2,4221,4271,062628771650527

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:2,4421,4521,076635794692561
Other comprehensive income (loss)(525)1,26156(15)5556(71)
Comprehensive income:1,9172,7131,132620849748490
Comprehensive loss, net of tax, attributable to noncontrolling interest(20)(25)(14)(7)(25)(41)(34)
Comprehensive income, net of tax, attributable to parent:1,8972,6881,118613824707456

Statements sources

The financial statements are based on the company's filings with the 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.

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