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FNF logoFidelity National Financial, Inc.(FNF)Earnings, Financials & Key Ratios

FNF•NYSE•Insurance & Managed Care
$51.28
$13.8B mkt cap·23.2× P/E·Price updated May 6, 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%
  • Book Value per Share32.99+5.5%
  • Tangible BV/Share12.04+204.9%
  • Debt/Equity0.53-3.7%
Analysis→Technical→

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
  • ✓10 consecutive years of dividend growth
  • ✓Low loss ratio of 1.8%
  • ✓Healthy dividend yield of 3.9%

✗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.

FNF Price & Volume

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

Loading chart...

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%
TTM6.75%

Profit CAGR

10 Years1.34%
5 Years-15.85%
3 Years-22.51%
TTM-52.6%

EPS CAGR

10 Years3.88%
5 Years-15.03%
3 Years-22.07%
TTM-52.26%

Return on Capital

10 Years5.09%
5 Years2.89%
3 Years1.44%
Last Year1.4%

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 9/12 qtrs (75%)
Q1 2026Latest
Feb 19, 2026
EPS
$1.41
Est $1.51
-6.6%
Revenue
$4.1B
Est $3.7B
+10.7%
Q4 2025
Nov 6, 2025
EPS
$1.57
Est $1.42
+10.6%
Revenue
$3.9B
Est $3.6B
+10.4%
Q3 2025
Aug 6, 2025
EPS
$1.16
Est $1.37
-15.3%
Revenue
$3.6B
Est $3.5B
+2.7%
Q2 2025
May 7, 2025
EPS
$0.78
Est $1.10
-29.1%
Revenue
$718M
Est $3.3B
-78.4%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 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%
Q2 2025May 7, 2025
$0.78vs $1.10-29.1%
$718Mvs $3.3B-78.4%
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
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
FAF logoFAFFirst American Financial CorporationDirect Competitor7.16B69.9611.6621.64%11.19%12.54%0.35
STC logoSTCStewart Information Services CorporationDirect Competitor2.1B68.9917.0817.32%3.96%7.72%0.54
ITIC logoITICInvestors Title CompanyDirect Competitor444.34M235.3512.675.6%12.9%13.19%0.06
RDN logoRDNRadian Group Inc.Product Competitor4.87B35.748.63-3.36%46.73%12.59%0.24
ESNT logoESNTEssent Group Ltd.Product Competitor5.99B61.418.9712.03%53.73%12.25%0.09
MTG logoMTGMGIC Investment CorporationProduct Competitor5.58B26.408.410.49%59.63%14%0.13
PFSI logoPFSIPennyMac Financial Services, Inc.Product Competitor4.54B86.949.35173.81%12.02%5.35
ICE logoICEIntercontinental Exchange, Inc.Supply Chain86.89B153.4026.597.46%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
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Revenue7.66B7.59B8.47B10.7B15.07B11.46B11.52B13.36B14.51B
Revenue Growth %5.59%-0.9%11.52%26.37%40.78%-23.97%0.58%15.92%8.61%
Medical Costs & Claims2.33B2.28B2.5B3.9B6.09B4.32B5.86B6.29B262M
Medical Cost Ratio %30.37%30.02%29.5%36.42%40.45%37.68%50.89%47.06%1.81%
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%
Gross Margin %69.63%69.98%70.5%63.58%59.55%62.32%49.11%52.94%98.19%
Gross Profit Growth %4.59%-0.41%12.36%13.95%31.86%-20.43%-20.75%24.96%101.46%
Operating Expenses4.47B4.56B4.6B5.02B5.41B5.41B4.96B5.33B12.81B
OpEx / Revenue %58.36%60.1%54.34%46.91%35.94%47.22%43.1%39.9%88.32%
Depreciation & Amortization389M182M178M296M432M491M593M739M844M
Combined Ratio %88.73%90.12%83.84%83.33%76.38%84.9%93.98%86.96%90.13%
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%
Operating Margin %11.27%9.88%16.16%16.67%23.62%15.1%6.02%13.04%9.87%
Operating Income Growth %-9.53%-13.19%82.53%30.31%99.44%-51.38%-59.94%151.37%-17.8%
EBITDA1.25B932M1.55B2.08B3.99B2.22B1.29B2.48B2.28B
EBITDA Margin %16.35%12.27%18.27%19.44%26.48%19.39%11.16%18.58%15.69%
Interest Expense48M43M47M90M114M115M174M209M242M
Non-Operating Income-48M-43M-47M-90M-114M-115M-174M-209M-242M
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%
Pretax Margin %11.27%9.88%16.16%16.81%24.04%15.23%6.16%13.16%9.87%
Income Tax235M120M308M322M813M439M192M367M753M
Effective Tax Rate %27.2%16%22.5%17.9%22.45%25.16%27.04%20.88%52.58%
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%
Net Margin %10.06%8.27%12.54%13.33%18.56%11.3%4.49%9.51%4.15%
Net Income Growth %18.62%-18.55%69.11%34.37%96.01%-53.74%-60.05%145.65%-52.6%
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%
EPS Growth %23.96%-5.04%69.47%30.29%69.14%-44.67%-59.1%143.46%-52.47%
EPS (Basic)2.442.303.895.028.504.711.914.692.22
Diluted Shares Outstanding278M278M277M286M287M277M271M273M272M

FNF Balance Sheet

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

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Assets13.62B8.96B10.68B50.45B60.69B65.14B80.61B95.37B109.01B
Asset Growth %-36.25%-34.23%19.2%372.56%20.29%7.34%23.75%18.31%14.3%
Total Investment Assets4.48B4.81B7.2B35.05B70.11B75.56B28.89B63.62B59.73B
Long-Term Investments3.26B3.41B4.23B31.99B37.63B39.88B4.83B35.18B5.17B
Short-Term Investments2.11B2.48B2.97B28.36B32.48B35.69B24.05B27.64B54.56B
Total Current Assets2.11B4.04B4.3B040.66B43.78B27B075.83B
Cash & Equivalents1.11B1.26B992M2.45B3.88B2.04B2.5B3.41B2.64B
Receivables317M0346M3.65B4.29B5.88B442M13.85B473M
Other Current Assets002.94B-35.45B4.94B4.2B35.98B-44.9B18.16B
Goodwill & Intangibles3.76B3.64B3.55B7.16B7.5B9.09B9.88B11.67B5.7B
Goodwill2.75B2.73B2.73B4.5B4.54B4.64B4.83B5.27B5.27B
Intangible Assets1.02B918M826M2.67B2.96B4.45B5.04B6.4B424M
PP&E (Net)193M164M586M554M561M555M516M524M0
Other Assets-3.65B-110M-110M-39.7B-1.18B-1.83B67.72B-47.37B-5.59B
Total Liabilities9.15B4.33B4.97B42.06B51.23B58.57B73.15B86.84B100.04B
Total Debt759M836M1.28B3.08B3.51B3.66B4.28B4.71B4.77B
Net Debt-351M-421M288M627M-370M1.61B1.78B1.3B2.13B
Long-Term Debt759M836M838M2.66B3.1B3.24B3.89B4.32B4.4B
Short-Term Debt00000000130M
Total Current Liabilities137M35M44M07.17B0001M
Accounts Payable39M35M44M115M129M156M339M191M246M
Deferred Revenue00-101M0-416M-541M3M00
Other Current Liabilities-570M-35M-539M-1.06B6.35B-489M-345M-1.29B-413M
Deferred Taxes1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Liabilities3.17B3.16B3.28B-3.49B40.2B54.85B67.26B80.41B93.07B
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%
Equity Growth %-35.24%3.6%23.36%47%12.69%-30.54%13.56%14.37%5.16%
Shareholders Equity4.45B4.63B5.38B8.35B9.41B6.12B6.91B7.75B7.42B
Minority Interest20M-2M327M41M43M453M552M778M1.55B
Retained Earnings217M641M1.36B2.39B4.37B5.22B5.24B5.98B5.48B
Common Stock000000000
Accumulated OCI111M-13M43M1.3B779M-2.86B-2.12B-2.05B-1.68B
Return on Equity (ROE)13.57%13.81%20.55%20.24%31.34%16.15%7.37%15.88%6.88%
Return on Assets (ROA)4.41%5.56%10.82%4.67%5.03%2.06%0.71%1.44%0.59%
Equity / Assets32.8%51.67%53.47%16.63%15.58%10.08%9.25%8.95%8.23%
Debt / Equity0.17x0.18x0.22x0.37x0.37x0.56x0.57x0.55x0.53x
Book Value per Share16.0716.6520.6129.3432.9523.7127.5331.2532.99
Tangible BV per Share2.543.547.784.306.83-9.11-8.91-11.4812.04

FNF Cash Flow Statement

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

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations737M943M1.12B1.58B4.09B4.36B6.48B6.82B6.52B
Operating CF Growth %-36.57%27.95%18.88%40.77%159.19%6.48%48.75%5.2%-4.3%
Operating CF / Revenue %9.62%12.42%13.24%14.74%27.15%38.02%56.23%51.03%44.96%
Net Income794M635M1.08B1.45B2.44B1.15B518M1.39B602M
Depreciation & Amortization389M182M178M296M645M496M593M739M844M
Stock-Based Compensation44M31M38M39M42M49M60M82M0
Deferred Taxes00-328M-10M-738M0000
Other Non-Cash Items-258M110M-2M-102M-190M-73M597M-721M-277M
Working Capital Changes-232M-15M159M-97M1.89B2.73B4.71B5.32B5.35B
Cash from Investing-95M-354M-520M-2.33B-7.45B-10.52B-9.09B-7.86B-9.63B
Capital Expenditures-149M-83M-96M-110M-131M-138M-132M-146M-147M
Acquisitions-235M-59M-35M-1.25B-1.85B-1.26B-1.59B-1.72B-62M
Purchase of Investments-893M-1.5B-1.26B-4.81B-16.01B-15.72B-13.98B-18.9B-25.69B
Sale/Maturity of Investments1.08B1.19B831M3.59B10.06B6.34B6.21B12.27B16.28B
Other Investing101M93M42M246M480M250M407M628M-11M
Cash from Financing-999M-442M-482M2.1B5B4.09B3.09B1.76B2.26B
Dividends Paid-278M-328M-344M-389M-446M-489M-500M-532M-546M
Share Repurchases-70M-20M-86M-236M-463M-553M-24M-34M-289M
Stock Issued000000004M
Debt Issuance (Net)-1000K1000K01000K1000K1000K1000K1000K1000K
Other Financing-470M-166M-37M1.48B5.48B5B2.97B1.87B2.9B
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%
Exchange Rate Effect000000000
Cash at Beginning992M1.11B1.26B1.38B2.72B4.36B2.29B2.77B3.48B
Cash at End635M1.26B1.38B2.72B4.36B2.29B2.77B3.48B2.64B
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%
FCF Growth %-32.57%46.26%19.19%43.22%169.69%6.52%50.49%5.09%-4.41%
FCF Margin %7.67%11.32%12.1%13.72%26.28%36.81%55.08%49.94%43.95%
FCF per Share2.123.093.75.1313.7915.2223.4224.4323.44

FNF Key Ratios

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

Metric2016201720182019202020212022202320242025
Combined Ratio86.84%88.73%90.12%83.84%83.33%76.38%84.9%93.98%86.96%90.13%
Medical Cost Ratio29.7%30.37%30.02%29.5%36.42%40.45%37.68%50.89%47.06%1.81%
Return on Equity (ROE)9.64%13.57%13.81%20.55%20.24%31.34%16.15%7.37%15.88%6.88%
Return on Assets (ROA)3.1%4.41%5.56%10.82%4.67%5.03%2.06%0.71%1.44%0.59%
Equity / Assets32.29%32.8%51.67%53.47%16.63%15.58%10.08%9.25%8.95%8.23%
Book Value / Share20.3616.0716.6520.6129.3432.9523.7127.5331.2532.99
Debt / Equity0.40x0.17x0.18x0.22x0.37x0.37x0.56x0.57x0.55x0.53x
Revenue Growth8.9%5.59%-0.9%11.52%26.37%40.78%-23.97%0.58%15.92%8.61%

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 2025

Nov 10, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 8, 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 $602.0M 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 3.91%. 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.

Explore More FNF

Fidelity National Financial, Inc. (FNF) financial analysis — history, returns, DCA and operating performance tools

Full FNF Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

→

Total Return Calculator

Historical returns with dividends reinvested

→

DCA Calculator

Dollar cost averaging vs lump sum

→

Dividend History

Yield, growth, payout safety & DRIP

→

Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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