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

FNF•NYSE•Insurance & Managed Care
$51.18
$13.87B mkt cap·11.0× 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$13.36B+15.9%
  • Combined Ratio86.96%-7.5%
  • Net Income$1.27B+145.6%
  • Return on Equity15.88%+115.5%
  • Medical Cost Ratio47.06%-7.5%
  • Operating Margin13.04%+116.9%
  • Net Margin9.51%+111.9%
  • ROA1.44%+92.2%
  • Equity / Assets8.95%-3.3%
  • Book Value per Share31.25+13.5%
  • Tangible BV/Share-11.48-28.9%
  • Debt/Equity0.55-3.9%
Analysis→Technical→

FNF Key Insights

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

✓Strengths

  • ✓Profitable underwriting: 87.0% combined ratio
  • ✓Low loss ratio of 47.1%
  • ✓Healthy dividend yield of 3.8%

✗Weaknesses

No significant weaknesses identified

* 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 Years5.23%
5 Years9.54%
3 Years-3.94%
TTM3.95%

Profit CAGR

10 Years8.1%
5 Years3.64%
3 Years-23.14%
TTM55.66%

EPS CAGR

10 Years8.33%
5 Years3.96%
3 Years-18.02%
TTM56.36%

Return on Capital

10 Years5.36%
5 Years3.63%
3 Years1.98%
Last Year1.98%

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 Competitor7B68.3811.4021.64%11.19%12.54%10.9%0.35
STC logoSTCStewart Information Services CorporationDirect Competitor2.09B68.6116.9817.32%3.96%7.72%6.32%0.54
ITIC logoITICInvestors Title CompanyDirect Competitor448.21M237.4012.785.6%12.9%13.19%5.66%0.06
RDN logoRDNRadian Group Inc.Product Competitor4.82B35.589.084.04%45.61%12.38%0.51
ESNT logoESNTEssent Group Ltd.Product Competitor5.87B60.178.7812.03%53.73%12.25%14.57%0.09
MTG logoMTGMGIC Investment CorporationProduct Competitor5.55B26.248.360.49%59.63%14%15.35%0.13
PFSI logoPFSIPennyMac Financial Services, Inc.Product Competitor4.56B87.489.41173.81%11.48%12.02%5.35
ICE logoICEIntercontinental Exchange, Inc.Supply Chain87.96B155.2826.917.46%26.14%11.57%4.88%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'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Revenue7.26B7.66B7.59B8.47B10.7B15.07B11.46B11.52B13.36B13.72B
Revenue Growth %8.9%5.59%-0.9%11.52%26.37%40.78%-23.97%0.58%15.92%3.95%
Medical Costs & Claims2.15B2.33B2.28B2.5B3.9B6.09B4.32B5.86B6.29B6.4B
Medical Cost Ratio %29.7%30.37%30.02%29.5%36.42%40.45%37.68%50.89%47.06%46.66%
Gross Profit
5.1B▲ 0%
5.34B▲ 4.6%
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%
7.32B▲ 0%
Gross Margin %70.3%69.63%69.98%70.5%63.58%59.55%62.32%49.11%52.94%53.34%
Gross Profit Growth %8.85%4.59%-0.41%12.36%13.95%31.86%-20.43%-20.75%24.96%-
Operating Expenses4.15B4.47B4.56B4.6B5.02B5.41B5.41B4.96B5.33B5.73B
OpEx / Revenue %57.14%58.36%60.1%54.34%46.91%35.94%47.22%43.1%39.9%41.78%
Depreciation & Amortization431M389M182M178M296M432M491M593M739M817M
Combined Ratio %86.84%88.73%90.12%83.84%83.33%76.38%84.9%93.98%86.96%88.44%
Operating Income
955M▲ 0%
864M▼ 9.5%
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%
1.59B▲ 0%
Operating Margin %13.16%11.27%9.88%16.16%16.67%23.62%15.1%6.02%13.04%11.56%
Operating Income Growth %24.03%-9.53%-13.19%82.53%30.31%99.44%-51.38%-59.94%151.37%-
EBITDA1.39B1.25B932M1.55B2.08B3.99B2.22B1.29B2.48B2.4B
EBITDA Margin %19.1%16.35%12.27%18.27%19.44%26.48%19.39%11.16%18.58%17.52%
Interest Expense64M48M43M47M90M114M115M174M209M238M
Non-Operating Income-64M-48M-43M-47M-90M-114M-115M-174M-209M-238M
Pretax Income
955M▲ 0%
864M▼ 9.5%
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%
1.63B▲ 0%
Pretax Margin %13.16%11.27%9.88%16.16%16.81%24.04%15.23%6.16%13.16%11.91%
Income Tax347M235M120M308M322M813M439M192M367M361M
Effective Tax Rate %36.34%27.2%16%22.5%17.9%22.45%25.16%27.04%20.88%22.09%
Net Income
650M▲ 0%
771M▲ 18.6%
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%
1.17B▲ 0%
Net Margin %8.96%10.06%8.27%12.54%13.33%18.56%11.3%4.49%9.51%8.52%
Net Income Growth %23.34%18.62%-18.55%69.11%34.37%96.01%-53.74%-60.05%145.65%55.66%
EPS (Diluted)
1.92▲ 0%
2.38▲ 24.0%
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%
4.28▲ 0%
EPS Growth %27.15%23.96%-5.04%69.47%30.29%69.14%-44.67%-59.1%143.46%56.36%
EPS (Basic)1.922.442.303.895.028.504.711.914.69-
Diluted Shares Outstanding338.81M278M278M277M286M287M277M271M273M273M

FNF Balance Sheet

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

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Total Assets21.36B13.62B8.96B10.68B50.45B60.69B57.11B80.61B95.37B106.64B
Asset Growth %4.1%-36.25%-34.23%19.2%372.56%20.29%-5.9%41.16%18.31%78.73%
Total Investment Assets5.61B4.48B4.81B7.2B35.05B70.11B75.56B28.89B63.62B4M
Long-Term Investments4.23B3.26B3.41B4.23B31.99B37.63B39.88B4.83B35.18B84.47B
Short-Term Investments2.92B2.11B2.48B2.97B28.36B32.48B35.69B24.05B27.64B29.14B
Total Current Assets343M2.11B4.04B4.3B040.66B43.78B27B00
Cash & Equivalents1.32B1.11B1.26B992M2.45B3.88B2.04B2.5B3.41B3.22B
Receivables322M317M0346M3.65B4.29B5.88B442M13.85B62.61B
Other Current Assets21M002.94B-35.45B4.94B4.2B35.98B-44.9B-49.68B
Goodwill & Intangibles7.07B3.76B3.64B3.55B7.16B7.5B9.09B9.88B11.67B47.23B
Goodwill5.07B2.75B2.73B2.73B4.5B4.54B4.64B4.83B5.27B5.27B
Intangible Assets2B1.02B918M826M2.67B2.96B4.45B5.04B6.4B6.89B
PP&E (Net)616M193M164M586M554M561M555M516M524M530M
Other Assets3.79B-3.65B-110M-110M-39.7B-1.18B-1.83B67.72B-47.37B53.42B
Total Liabilities14.46B9.15B4.33B4.97B42.06B51.23B59.61B73.15B86.84B97.3B
Total Debt2.75B759M836M1.28B3.08B3.51B3.66B4.28B4.71B4.77B
Net Debt1.42B-351M-421M288M627M-370M1.61B1.78B1.3B1.55B
Long-Term Debt987M759M836M838M2.66B3.1B3.24B3.89B4.32B4.4B
Short-Term Debt00000000433M-3M
Total Current Liabilities1.14B137M35M44M00156M000
Accounts Payable42M39M35M44M115M129M156M339M191M3.78B
Deferred Revenue000-101M0-416M-541M3M00
Other Current Liabilities1.76B-570M-35M-539M-1.06B-816M-333M-345M-1.72B-3.82B
Deferred Taxes1000K1000K1000K1000K1000K1000K1000K1000K1000K0
Other Liabilities6.29B3.17B3.16B3.28B-3.49B40.2B54.85B67.26B80.41B72.68B
Total Equity
6.9B▲ 0%
4.47B▼ 35.2%
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%
9.33B▲ 0%
Equity Growth %4.71%-35.24%3.6%23.36%47%12.69%-30.54%13.56%14.37%41.97%
Shareholders Equity6B4.45B4.63B5.38B8.35B9.41B6.12B6.91B7.75B8.36B
Minority Interest902M20M-2M327M41M43M453M552M778M979M
Retained Earnings1.78B217M641M1.36B2.39B4.37B5.22B5.24B5.98B6.29B
Common Stock0000000000
Accumulated OCI-13M111M-13M43M1.3B779M-2.86B-2.12B-2.05B-1.61B
Return on Equity (ROE)9.64%13.57%13.81%20.55%20.24%31.34%16.15%7.37%15.88%12.52%
Return on Assets (ROA)3.1%4.41%5.56%10.82%4.67%5.03%2.2%0.75%1.44%1.1%
Equity / Assets32.29%32.8%51.67%53.47%16.63%15.58%11.5%9.25%8.95%8.75%
Debt / Equity0.40x0.17x0.18x0.22x0.37x0.37x0.56x0.57x0.55x0.55x
Book Value per Share20.3616.0716.6520.6129.3432.9523.7127.5331.2534.19
Tangible BV per Share-0.512.543.547.784.306.83-9.11-8.91-11.48-10.37

FNF Cash Flow Statement

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

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations1.16B737M943M1.12B1.58B4.09B4.36B6.48B6.82B6.82B
Operating CF Growth %26.72%-36.57%27.95%18.88%40.77%159.19%6.48%48.75%5.2%-69.34%
Operating CF / Revenue %16.01%9.62%12.42%13.24%14.74%27.15%38.02%56.23%51.03%49.68%
Net Income692M794M635M1.08B1.45B2.44B1.15B518M1.39B1.17B
Depreciation & Amortization431M389M182M178M296M645M496M593M739M817M
Stock-Based Compensation58M44M31M38M39M42M49M60M82M98M
Deferred Taxes000-328M-10M-738M0000
Other Non-Cash Items10M-258M110M-2M-102M-190M-73M597M-721M-1B
Working Capital Changes-29M-232M-15M159M-97M1.89B2.73B4.71B5.32B4.63B
Cash from Investing-254M-95M-354M-520M-2.33B-7.45B-10.52B-9.09B-7.86B-9.17B
Capital Expenditures-290M-149M-83M-96M-110M-131M-138M-132M-146M-143M
Acquisitions-723M-235M-59M-35M-1.25B-1.85B-1.26B-1.59B-1.72B-4M
Purchase of Investments-598M-893M-1.5B-1.26B-4.81B-16.01B-15.72B-13.98B-18.9B-22.78B
Sale/Maturity of Investments1000K1000K1000K1000K1000K1000K1000K1000K1000K4M
Other Investing138M101M93M42M246M480M250M407M628M717M
Cash from Financing-588M-999M-442M-482M2.1B5B4.09B3.09B1.76B1.88B
Dividends Paid-239M-278M-328M-344M-389M-446M-489M-500M-532M-547M
Share Repurchases-276M-70M-20M-86M-236M-463M-553M-24M-34M-276M
Stock Issued000000000121M
Debt Issuance (Net)-1000K-1000K1000K01000K1000K1000K1000K1000K1000K
Other Financing6M-470M-166M-37M1.48B5.48B5B2.97B1.87B2.35B
Net Change in Cash
320M▲ 0%
-357M▼ 211.6%
147M▲ 141.2%
119M▼ 19.0%
1.34B▲ 1028.6%
1.64B▲ 22.2%
-2.07B▼ 226.4%
481M▲ 123.2%
712M▲ 48.0%
-1.48B▲ 0%
Exchange Rate Effect0000000000
Cash at Beginning672M992M1.11B1.26B1.38B2.72B4.36B2.29B2.77B3.27B
Cash at End992M635M1.26B1.38B2.72B4.36B2.29B2.77B3.48B3.49B
Free Cash Flow
872M▲ 0%
588M▼ 32.6%
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%
5.67B▲ 0%
FCF Growth %28.99%-32.57%46.26%19.19%43.22%169.69%6.52%50.49%5.09%-23.7%
FCF Margin %12.02%7.67%11.32%12.1%13.72%26.28%36.81%55.08%49.94%41.36%
FCF per Share2.572.123.093.75.1313.7915.2223.4224.4324.43

FNF Key Ratios

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

Metric201620172018201920202021202220232024TTM
Combined Ratio86.84%88.73%90.12%83.84%83.33%76.38%84.9%93.98%86.96%88.44%
Medical Cost Ratio29.7%30.37%30.02%29.5%36.42%40.45%37.68%50.89%47.06%46.66%
Return on Equity (ROE)9.64%13.57%13.81%20.55%20.24%31.34%16.15%7.37%15.88%12.52%
Return on Assets (ROA)3.1%4.41%5.56%10.82%4.67%5.03%2.2%0.75%1.44%1.1%
Equity / Assets32.29%32.8%51.67%53.47%16.63%15.58%11.5%9.25%8.95%8.75%
Book Value / Share20.3616.0716.6520.6129.3432.9523.7127.5331.2534.19
Debt / Equity0.40x0.17x0.18x0.22x0.37x0.37x0.56x0.57x0.55x0.55x
Revenue Growth8.9%5.59%-0.9%11.52%26.37%40.78%-23.97%0.58%15.92%3.95%

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

Feb 19, 2026·SEC

Material company update

Dec 18, 2025·SEC

Material company update

Nov 7, 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 15.9% over the past year. This is strong growth.

Yes, Fidelity National Financial, Inc. (FNF) is profitable, generating $1.17B in net income for fiscal year 2024 (9.5% net margin).

Dividend & Returns

Yes, Fidelity National Financial, Inc. (FNF) pays a dividend with a yield of 3.81%. This makes it attractive for income-focused investors.

Fidelity National Financial, Inc. (FNF) has a return on equity (ROE) of 15.9%. This is reasonable for most industries.

Industry Metrics

Fidelity National Financial, Inc. (FNF) has a combined ratio of 87.0%. 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

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Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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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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