FNF's earnings profile appears to be transitioning toward greater stability, driven by a robust investment income engine fueled by a growing $100B+ float, which is providing a critical buffer against core title insurance volatility.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth accelerated to 13.3% year-over-year in 2026Q2, yet underwriting profitability remains volatile, with the combined ratio swinging from a concerning 95.8% in 2025Q1 to a profitable 85.3% most recently.
The F&G Annuities & Life segment is demonstrating strong growth, with assets under management (AUM) reaching a record level of $63 billion at the end of 2025. This segment provides a robust, counter-cyclical cash flow that helps mitigate the cyclicality of the housing market.
While residential mortgage activity remains sluggish, commercial title volumes are rebounding, supported by growth in data center construction. FNF's core title operations are resilient, with technology and AI investments aiding margin expansion despite a challenging housing market.
FNF maintains ample liquidity with significant cash and short-term investments, alongside a conservative investment portfolio. The company is committed to shareholder-friendly capital allocation, including ongoing share buybacks and a secure dividend yield of around 4.4%.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 5, 2026 | $1.32+0.0% vs $1.32 | $3.6B-5.4% vs $3.8B |
Q3 2026 Aug 5, 2026 | $1.39+6.1% vs $1.31 | $4.1B+6.9% vs $3.8B |
Q2 2026 May 6, 2026 | $0.93-14.7% vs $1.09 | $3.2B-10.7% vs $3.6B |
Q1 2026 Feb 19, 2026 | $1.41-6.6% vs $1.51 | $4.1B+10.7% vs $3.7B |
Fidelity National Financial NYSE: FNF reported higher third-quarter title earnings and a record quarter for core retail sales at its F&G segment, even as adjusted earnings declined and elevated mortgage rates weighed on residential transaction activity.
Fidelity National Financial, Inc. ( FNF ) Q3 2026 Earnings Call November 6, 2026 11:00 AM EST Company Participants Lisa Foxworthy-Parker - Senior VP and Head of Investor & External Relations Mike Nolan - Chief Executive Officer Anthony Park - Executive VP & CFO Michael Bailey - Executive VP & CFO Conor Murphy - CEO & President Conference Call Participants Bose George - Keefe, Bruyette, & Woods, Inc., Research Division Terry Ma - Barclays Bank PLC, Research Division Mark Hughes - Truist Securities, Inc., Research Division Oscar Nieves Santana - Stephens Inc., Research Division Presentation Operator Good morning. Welcome to FNF's Third Quarter 2026 Earnings Conference Call.
Fidelity National Financial remains a "Buy" after a Q3 that showcased resilient title segment performance despite persistent rate-driven headwinds. FNF's commercial title revenue grew 19%, but residential volumes remain weak; fee per file rose 6%, supporting overall revenue. A strong balance sheet, 4.8% dividend yield, and prudent capital allocation underpin downside protection and income stability.
JACKSONVILLE, Fla., Nov. 6, 2026 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF) ("FNF") today announced that its Board of Directors has declared an increase in the Company's quarterly cash dividend of 4%, to $0.54 per common share, from the previous quarterly cash dividend of $0.52 per common share.
Benchmark FNF against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Fidelity National Financial, Inc. (FNF)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $43.84 | $11.8B | 11.18 | 8.61% | 7.02% | 11.91% | 4.58% | |
| $67.01 | $6.84B | 9.44 | 21.64% | 17.08% | 13.28% | 3.21% | |
| $47.00 | $1.43B | 12.05 | 17.32% | 3.58% | 7.26% | 4.29% | |
| $256.37 | $484.03M | 12.92 | 5.6% | 12.47% | 13.43% | 4.1% | |
| $35.97 | $4.78B | 8.65 | -3.36% | 28.41% | 11.73% | 2.93% | |
| $63.41 | $5.84B | 8.37 | -0.49% | 49.31% | 12% | 1.92% |
Fidelity National Financial, Inc. (FNF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Fidelity National Financial, Inc. (FNF) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 5, 2026·SEC
Jun 11, 2026·SEC
May 12, 2026·SEC
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Fidelity National Financial, Inc. (FNF) stock FAQ — growth, dividends, profitability & financials explained
Fidelity National Financial, Inc. (FNF) grew revenue by 8.8% over the trailing twelve months, compared with the twelve months before.
Yes. Fidelity National Financial, Inc. (FNF) earned $1.05B in net income over the trailing twelve months (a 7.0% net margin).
Yes. Fidelity National Financial, Inc. (FNF) pays a dividend that yields 4.58% at the current price, a high yield.
Fidelity National Financial, Inc. (FNF) had a return on equity (ROE) of 11.9% over the trailing twelve months. That is in line with the market's typical 10-15%.
Fidelity National Financial, Inc. (FNF) has a combined ratio of 90.1%. A ratio below 100% indicates underwriting profitability.
