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FNFFidelity National Financial, Inc.
$46.82$12.6B
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FNF logoFidelity National Financial, Inc.(FNF)Earnings, Financials & Key Ratios

FNF•NYSE•Insurance & Managed Care
21.2× P/E·Price updated Jun 19, 2026
SectorFinancial ServicesIndustrySpecialty InsuranceSub-IndustryMortgage and Title Insurance
AboutFidelity 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 insurance. 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 annuities that include fixed indexed, fixed rate, and immediate annuities, as well as indexed universal life insurance products. Further, the company engages in the real estate brokerage business. Fidelity National Financial, Inc. was founded in 1847 and is headquartered in Jacksonville, Florida.Show more
  • Revenue$14.51B+8.6%
  • Combined Ratio90.13%+3.6%
  • Net Income$602M-52.6%
  • Return on Equity6.88%-56.7%
  • Medical Cost Ratio1.81%-96.2%
  • Operating Margin9.87%-24.3%
  • Net Margin4.15%-56.4%
  • ROA0.59%-59.2%
  • Equity / Assets8.23%-8.0%

FNF Key Insights

Fidelity National Financial, Inc. (FNF) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Profitable underwriting: 90.1% combined ratio
  • ✓Strong Piotroski F-Score: 7/9
  • ✓14 consecutive years of dividend growth
  • ✓Low loss ratio of 1.8%
  • ✓Healthy dividend yield of 4.3%
  • ✓Trading at only 1.4x book value

✗Weaknesses

  • ✗Profits declining 15.9% over 5 years

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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FNF Price & Volume

Fidelity National Financial, Inc. (FNF) stock price & volume — 10-year historical chart

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FNF Growth Metrics

Fidelity National Financial, Inc. (FNF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years8.09%
5 Years6.27%
3 Years8.19%
TTM15.84%

Profit CAGR

10 Years1.34%
5 Years-15.85%
3 Years-22.51%
TTM-31.04%

EPS CAGR

10 Years3.88%
5 Years-15.03%
3 Years-22.07%
TTM-30.2%

Return on Capital

10 Years5.13%
5 Years2.96%
3 Years1.56%
Last Year1.76%

FNF Recent Earnings

Fidelity National Financial, Inc. (FNF) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 3/12 qtrs (25%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
May 6, 2026
Metric
Actual
Est
EPS
$0.93-14.7%
$1.09
Rev
$3.2B-10.7%
$3.6B
Q1 2026
Feb 19, 2026
Metric
Actual
Est
EPS
$1.41-6.6%
$1.51
Rev
$4.1B+10.7%
$3.7B
Q4 2025
Nov 6, 2025
Metric
Actual
Est
EPS
$1.57+10.6%
$1.42
Rev
$3.9B+10.4%
$3.6B
Q3 2025
Aug 6, 2025
Metric
Actual
Est
EPS
$1.16-15.3%
$1.37
Rev
$3.6B+2.7%
$3.5B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 6, 2026
$0.93vs $1.09-14.7%
$3.2Bvs $3.6B-10.7%
Q1 2026Feb 19, 2026
$1.41vs $1.51-6.6%
$4.1Bvs $3.7B+10.7%
Q4 2025Nov 6, 2025
$1.57vs $1.42+10.6%
$3.9Bvs $3.6B+10.4%
Q3 2025Aug 6, 2025
$1.16vs $1.37-15.3%
$3.6Bvs $3.5B+2.7%
Based on last 12 quarters of dataView full earnings history →

FNF Peer Comparison

Fidelity National Financial, Inc. (FNF) competitors in Mortgage and Title Insurance — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
FAF logoFAFFirst American Financial CorporationDirect Competitor7.02B68.6311.4421.64%11.19%12.54%0.35
STC logoSTCStewart Information Services CorporationDirect Competitor2.03B66.4616.4517.32%3.96%7.72%0.54
ITIC logoITICInvestors Title CompanyDirect Competitor487.82M258.3813.915.6%13.59%14.03%0.03
RDN logoRDNRadian Group Inc.Product Competitor4.73B34.708.38-3.36%40.28%12.01%0.24
ESNT logoESNTEssent Group Ltd.Product Competitor5.39B58.458.47-0.49%53.34%12.01%0.09
MTG logoMTGMGIC Investment CorporationProduct Competitor5.51B26.068.300.49%59.63%14%0.13
PFSI logoPFSIPennyMac Financial Services, Inc.Product Competitor4.3B82.388.86173.81%14.31%12.02%5.35
ICE logoICEIntercontinental Exchange, Inc.Supply Chain75.83B133.8823.207.46%26.14%11.57%0.70

Compare FNF vs Peers

Fidelity National Financial, Inc. (FNF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs FAF

Most directly comparable listed peer for FNF.

Scale Benchmark

vs ICE

Larger-name benchmark to compare FNF against a more recognizable public peer.

Peer Set

Compare Top 5

vs FAF, STC, ITIC, RDN

FNF Income Statement

Fidelity National Financial, Inc. (FNF) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Revenue
7.66B7.59B8.47B10.7B15.07B11.46B11.52B13.36B14.51B14.81B
Revenue Growth %
5.59%-0.9%11.52%26.37%40.78%-23.97%0.58%15.92%8.61%15.84%
Medical Costs & Claims
2.33B2.28B2.5B3.9B6.09B4.32B5.86B6.29B262M3.83B
Medical Cost Ratio %
30.37%30.02%29.5%36.42%40.45%37.68%50.89%47.06%1.81%25.85%
Gross Profit
5.34B▲ 0%
5.31B▼ 0.4%
5.97B▲ 12.4%
6.8B▲ 14.0%
8.97B▲ 31.9%
7.14B▼ 20.4%
5.66B▼ 20.7%
7.07B▲ 25.0%
14.24B▲ 101.5%
10.98B▲ 0%
Gross Margin %
69.63%69.98%70.5%63.58%59.55%62.32%49.11%52.94%98.19%74.15%
Gross Profit Growth %
4.59%-0.41%12.36%13.95%31.86%-20.43%-20.75%24.96%101.46%-
Operating Expenses
4.47B4.56B4.6B5.02B5.41B5.41B4.96B5.33B12.81B9.2B
OpEx / Revenue %
58.36%60.1%54.34%46.91%35.94%47.22%43.1%39.9%88.32%62.13%
Depreciation & Amortization
389M182M178M296M432M491M593M739M844M863M
Combined Ratio %
88.73%90.12%83.84%83.33%76.38%84.9%93.98%86.96%90.13%87.97%
Operating Income
864M▲ 0%
750M▼ 13.2%
1.37B▲ 82.5%
1.78B▲ 30.3%
3.56B▲ 99.4%
1.73B▼ 51.4%
693M▼ 59.9%
1.74B▲ 151.4%
1.43B▼ 17.8%
1.78B▲ 0%
Operating Margin %
11.27%9.88%16.16%16.67%23.62%15.1%6.02%13.04%9.87%12.03%
Operating Income Growth %
-9.53%-13.19%82.53%30.31%99.44%-51.38%-59.94%151.37%-17.8%-
EBITDA
1.25B932M1.55B2.08B3.99B2.22B1.29B2.48B2.28B2.64B
EBITDA Margin %
16.35%12.27%18.27%19.44%26.48%19.39%11.16%18.58%15.69%17.86%
Interest Expense
48M43M47M90M114M115M174M209M242M243M
Non-Operating Income
-48M-43M-47M-90M-114M-115M-174M-209M-242M-243M
Pretax Income
864M▲ 0%
750M▼ 13.2%
1.37B▲ 82.5%
1.8B▲ 31.4%
3.62B▲ 101.3%
1.75B▼ 51.8%
710M▼ 59.3%
1.76B▲ 147.6%
1.43B▼ 18.5%
1.82B▲ 0%
Pretax Margin %
11.27%9.88%16.16%16.81%24.04%15.23%6.16%13.16%9.87%12.26%
Income Tax
235M120M308M322M813M439M192M367M753M899M
Effective Tax Rate %
27.2%16%22.5%17.9%22.45%25.16%27.04%20.88%52.58%49.5%
Net Income
771M▲ 0%
628M▼ 18.5%
1.06B▲ 69.1%
1.43B▲ 34.4%
2.8B▲ 96.0%
1.29B▼ 53.7%
517M▼ 60.0%
1.27B▲ 145.6%
602M▼ 52.6%
762M▲ 0%
Net Margin %
10.06%8.27%12.54%13.33%18.56%11.3%4.49%9.51%4.15%5.15%
Net Income Growth %
18.62%-18.55%69.11%34.37%96.01%-53.74%-60.05%145.65%-52.6%-31.04%
EPS (Diluted)
2.38▲ 0%
2.26▼ 5.0%
3.83▲ 69.5%
4.99▲ 30.3%
8.44▲ 69.1%
4.67▼ 44.7%
1.91▼ 59.1%
4.65▲ 143.5%
2.21▼ 52.5%
2.83▲ 0%
EPS Growth %
23.96%-5.04%69.47%30.29%69.14%-44.67%-59.1%143.46%-52.47%-30.2%
EPS (Basic)
2.442.303.895.028.504.711.914.692.22-
Diluted Shares Outstanding
278M278M277M286M287M277M271M273M272M269M

FNF Balance Sheet

Fidelity National Financial, Inc. (FNF) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Assets
13.62B8.96B10.68B50.45B60.69B65.14B80.61B95.37B109.01B111.5B
Asset Growth %
-36.25%-34.23%19.2%372.56%20.29%7.34%23.75%18.31%14.3%72.03%
Total Investment Assets
4.48B4.81B7.2B35.05B70.11B75.56B28.89B63.62B73.19B4M
Long-Term Investments
3.26B3.41B4.23B31.99B37.63B39.88B4.83B35.18B42.71B89.15B
Short-Term Investments
2.11B2.48B2.97B28.36B32.48B35.69B24.05B27.64B30.48B54.41B
Total Current Assets
2.11B4.04B4.3B040.66B43.78B27B051.14B75.7B
Cash & Equivalents
1.11B1.26B992M2.45B3.88B2.04B2.5B3.41B2.38B75.7B
Receivables
317M0346M3.65B4.29B5.88B442M13.85B18.02B34.53B
Other Current Assets
002.94B-35.45B4.94B4.2B35.98B-44.9B261M-473M
Goodwill & Intangibles
3.76B3.64B3.55B7.16B7.5B9.09B9.88B11.67B12.34B35.09B
Goodwill
2.75B2.73B2.73B4.5B4.54B4.64B4.83B5.27B5.27B5.22B
Intangible Assets
1.02B918M826M2.67B2.96B4.45B5.04B6.4B7.07B6.76B
PP&E (Net)
193M164M586M554M561M555M516M524M525M523M
Other Assets
-3.65B-110M-110M-39.7B-1.18B-1.83B67.72B-47.37B2.3B-5.82B
Total Liabilities
9.15B4.33B4.97B42.06B51.23B58.57B73.15B86.84B100.04B102.78B
Total Debt
759M836M1.28B3.08B3.51B3.66B4.28B4.71B4.77B4.4B
Net Debt
-351M-421M288M627M-370M1.61B1.78B1.3B2.39B-71.3B
Long-Term Debt
759M836M838M2.66B3.1B3.24B3.89B4.32B4.4B4.4B
Short-Term Debt
0000000000
Total Current Liabilities
137M35M44M07.17B00020.97B46M
Accounts Payable
39M35M44M115M129M156M339M191M246M0
Deferred Revenue
00-101M0-416M-541M3M000
Other Current Liabilities
-570M-35M-539M-1.06B6.35B-489M-345M-1.29B18.64B46M
Deferred Taxes
1000K1000K1000K1000K1000K1000K1000K1000K1000K438M
Other Liabilities
3.17B3.16B3.28B-3.49B40.2B54.85B67.26B80.41B73.77B97.89B
Total Equity
4.47B▲ 0%
4.63B▲ 3.6%
5.71B▲ 23.4%
8.39B▲ 47.0%
9.46B▲ 12.7%
6.57B▼ 30.5%
7.46B▲ 13.6%
8.53B▲ 14.4%
8.97B▲ 5.2%
8.72B▲ 0%
Equity Growth %
-35.24%3.6%23.36%47%12.69%-30.54%13.56%14.37%5.16%19.62%
Shareholders Equity
4.45B4.63B5.38B8.35B9.41B6.12B6.91B7.75B7.42B8.72B
Minority Interest
20M-2M327M41M43M453M552M778M1.55B1.47B
Retained Earnings
217M641M1.36B2.39B4.37B5.22B5.24B5.98B5.48B5.59B
Common Stock
0000000000
Accumulated OCI
111M-13M43M1.3B779M-2.86B-2.12B-2.05B-1.68B-1.9B
Return on Equity (ROE)
13.57%13.81%20.55%20.24%31.34%16.15%7.37%15.88%6.88%8.5%
Return on Assets (ROA)
4.41%5.56%10.82%4.67%5.03%2.06%0.71%1.44%0.59%0.71%
Equity / Assets
32.8%51.67%53.47%16.63%15.58%10.08%9.25%8.95%8.23%7.82%
Debt / Equity
0.17x0.18x0.22x0.37x0.37x0.56x0.57x0.55x0.53x0.50x
Book Value per Share
16.0716.6520.6129.3432.9523.7127.5331.2532.9932.41
Tangible BV per Share
2.543.547.784.306.83-9.11-8.91-11.48-12.37-12.11

FNF Cash Flow Statement

Fidelity National Financial, Inc. (FNF) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
737M943M1.12B1.58B4.09B4.36B6.48B6.82B6.52B5.95B
Operating CF Growth %
-36.57%27.95%18.88%40.77%159.19%6.48%48.75%5.2%-4.3%-1.93%
Operating CF / Revenue %
9.62%12.42%13.24%14.74%27.15%38.02%56.23%51.03%44.96%40.2%
Net Income
794M635M1.08B1.45B2.44B1.15B518M1.39B602M762M
Depreciation & Amortization
389M182M178M296M645M496M593M739M844M767M
Stock-Based Compensation
44M31M38M39M42M49M60M82M066M
Deferred Taxes
00-328M-10M-738M00000
Other Non-Cash Items
-258M110M-2M-102M-190M-73M597M-721M-277M-253M
Working Capital Changes
-232M-15M159M-97M1.89B2.73B4.71B5.32B5.35B4.49B
Cash from Investing
-95M-354M-520M-2.33B-7.45B-10.52B-9.09B-7.86B-9.63B-9.46B
Capital Expenditures
-149M-83M-96M-110M-131M-138M-132M-146M-147M-137M
Acquisitions
-235M-59M-35M-1.25B-1.85B-1.26B-1.59B-1.72B-62M-1B
Purchase of Investments
-893M-1.5B-1.26B-4.81B-16.01B-15.72B-13.98B-18.9B-25.69B-23.04B
Sale/Maturity of Investments
1.08B1.19B831M3.59B10.06B6.34B6.21B12.27B16.28B14.56B
Other Investing
101M93M42M246M480M250M407M628M-11M158M
Cash from Financing
-999M-442M-482M2.1B5B4.09B3.09B1.76B2.26B1.49B
Dividends Paid
-278M-328M-344M-389M-446M-489M-500M-532M-546M-550M
Share Repurchases
-70M-20M-86M-236M-463M-553M-24M-34M-289M-343M
Stock Issued
000000004M0
Debt Issuance (Net)
-1000K1000K01000K1000K1000K1000K1000K1000K-2M
Other Financing
-470M-166M-37M1.48B5.48B5B2.97B1.87B2.9B2.31B
Net Change in Cash
-357M▲ 0%
147M▲ 141.2%
119M▼ 19.0%
1.34B▲ 1028.6%
1.64B▲ 22.2%
-2.07B▼ 226.4%
481M▲ 123.2%
712M▲ 48.0%
-843M▼ 218.4%
-2.02B▲ 0%
Exchange Rate Effect
0000000000
Cash at Beginning
992M1.11B1.26B1.38B2.72B4.36B2.29B2.77B3.48B2.64B
Cash at End
635M1.26B1.38B2.72B4.36B2.29B2.77B3.48B2.64B2.47B
Free Cash Flow
588M▲ 0%
860M▲ 46.3%
1.02B▲ 19.2%
1.47B▲ 43.2%
3.96B▲ 169.7%
4.22B▲ 6.5%
6.35B▲ 50.5%
6.67B▲ 5.1%
6.38B▼ 4.4%
5.82B▲ 0%
FCF Growth %
-32.57%46.26%19.19%43.22%169.69%6.52%50.49%5.09%-4.41%-6.07%
FCF Margin %
7.67%11.32%12.1%13.72%26.28%36.81%55.08%49.94%43.95%39.27%
FCF per Share
2.123.093.75.1313.7915.2223.4224.4323.4421.62

FNF Key Ratios

Fidelity National Financial, Inc. (FNF) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Combined Ratio
88.73%90.12%83.84%83.33%76.38%84.9%93.98%86.96%90.13%87.97%
Medical Cost Ratio
30.37%30.02%29.5%36.42%40.45%37.68%50.89%47.06%1.81%25.85%
Return on Equity (ROE)
13.57%13.81%20.55%20.24%31.34%16.15%7.37%15.88%6.88%8.5%
Return on Assets (ROA)
4.41%5.56%10.82%4.67%5.03%2.06%0.71%1.44%0.59%0.71%
Equity / Assets
32.8%51.67%53.47%16.63%15.58%10.08%9.25%8.95%8.23%7.82%
Book Value / Share
16.0716.6520.6129.3432.9523.7127.5331.2532.9932.41
Debt / Equity
0.17x0.18x0.22x0.37x0.37x0.56x0.57x0.55x0.53x0.50x
Revenue Growth
5.59%-0.9%11.52%26.37%40.78%-23.97%0.58%15.92%8.61%15.84%
Related:FNF Dividend History·FNF Revenue History·FNF Price History·FNF P/E History·FNF Financial Ratios·FNF Institutional Holders

FNF SEC Filings & Documents

Fidelity National Financial, Inc. (FNF) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 6, 2026·SEC

Material company update

Feb 19, 2026·SEC

Material company update

Dec 18, 2025·SEC

10-K Annual Reports

3
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 28, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 8, 2026·SEC

FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FNF Frequently Asked Questions

Fidelity National Financial, Inc. (FNF) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Fidelity National Financial, Inc. (FNF) grew revenue by 8.6% over the past year. This is steady growth.

Yes, Fidelity National Financial, Inc. (FNF) is profitable, generating $762.0M in net income for fiscal year 2025 (4.2% net margin).

Dividend & Returns

Yes, Fidelity National Financial, Inc. (FNF) pays a dividend with a yield of 4.29%. This makes it attractive for income-focused investors.

Fidelity National Financial, Inc. (FNF) has a return on equity (ROE) of 6.9%. This is below average, suggesting room for improvement.

Industry Metrics

Fidelity National Financial, Inc. (FNF) has a combined ratio of 90.1%. A ratio below 100% indicates underwriting profitability.

What if you invested $1,000 in FNF back in 2004?

Total return calculator · dividends reinvested · 22+ years of data

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How much would $100/month in FNF be worth today?

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