JACKSONVILLE, Fla., April 23, 2025 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF) (FNF), a leading provider of title insurance and transaction services to the real estate and mortgage industries and a leading provider of insurance solutions serving retail annuity and life customers and institutional clients through its majority-owned, publicly traded subsidiary F&G Annuities & Life, Inc. (NYSE:FG) (F&G), will release first quarter 2025 earnings after the close of regular market trading on Wed ...

Fidelity National Financial (NYSE: FNF ) dabbles in title insurance and annuity/life products. It's therefore not the most exciting investment idea, but I do believe it is a sound one. With tailwinds ahead for both segments and the attractive price, I've decided to rate itI analyze securities based on value investing, an owner's mindset, and a long-term horizon. I don't write sell articles as those are considered short theses, and I never recommend shorting.Former advisory representative at Fidelity. I do m ...

Core Insights - Investment Property Exchange Services, Inc. (IPX1031) has appointed Adrienne Salyer as Vice President, National Accounts, to enhance its presence in the Southwest and nationwide [1][4] - Adrienne Salyer brings over 30 years of experience in the 1031, real estate, and financial sectors, with a strong track record in guiding clients through complex 1031 Exchange transactions [2][3] - The addition of Salyer is expected to strengthen IPX1031's ability to meet the growing demand for 1031 Exchange services, aligning with the company's mission to deliver top-tier service and expertise [3][4] Company Overview - IPX1031 is the largest and one of the oldest Qualified Intermediaries in the United States, operating as a wholly owned subsidiary of Fidelity National Financial, a Fortune 500 company [5] - The company provides industry-leading security for exchange funds and has a nationwide staff that includes industry experts, veteran attorneys, and accountants to assist clients [5]

Shares of Fidelity National Financial (FNF) closed at $64.78 yesterday, after hitting a new 52-week high of $66.10 during trading hours. The stock has gained 15.4%  year to date, outperforming the property and casualty insurance industry’s increase of 13.9% and the Finance sector’s increase of 3.8%. The S&P 500 composite has, in contrast, declined 3.3%. FNF stock is trading well above the 50-day moving average, indicating a bullish trend. With a capitalization of $17.9 billion, FNF has a market-leading posi ...

Financial Performance - Total operating income for the U.S. title insurance industry increased from approximately $16.9 billion in 2019 to $23.3 billion in 2022, before decreasing to $16.5 billion in 2023[38]. - The combined statutory earnings of the title insurers were $587 million, $503 million, and $778 million for the years ended December 31, 2024, 2023, and 2022, respectively[73]. - The net investment income for the year ended December 31, 2024, was $405 million, compared to $396 million in 2023, reflecting a growth of 2.3%[91]. - The effective return on average cash and invested assets increased to 4.9% in 2024 from 4.3% in 2023[91]. - The company can pay dividends or make distributions of approximately $498 million during 2025, subject to regulatory approval[72]. Market Concentration - The top four title insurance groups accounted for 80% of net premiums written in 2023, indicating a highly concentrated market[40]. - Approximately 12.9% and 13.8% of the company's title insurance premiums are generated from California and Texas, respectively[231]. Operations and Services - The company operates approximately 1,300 offices throughout the U.S., primarily providing title insurance services[51]. - The company transacted business with approximately 5,100 independent agents as of December 31, 2024[52]. - Title insurance premiums from direct operations were $2.2 billion (42.7%) in 2024, compared to $1.982 billion (43.2%) in 2023, while agency operations generated $2.953 billion (57.3%) in 2024, up from $2.610 billion (56.8%) in 2023[53]. Claims Management - Claims management is a significant aspect of the business, with a large staff of attorneys employed to handle title and escrow claims[56]. - Claims can vary greatly in dollar amounts and are influenced by economic conditions, with some policies having face amounts exceeding $100 million[60]. Regulatory Environment - FGL Insurance and FGL NY Insurance are subject to comprehensive regulation and supervision in their domiciles and states where they operate[160]. - Regulatory approval is required for any direct or indirect change of control of FGL Insurance and its affiliates, with a 10% ownership threshold triggering additional scrutiny[178]. - The company has established a formalized risk management process to assess and mitigate risks associated with its business operations[138]. Investment Strategy - The investment policy aims to maximize total return while maintaining moderate risk and adequate liquidity[84]. - The carrying amount of total investments within the Title segment was approximately $3.3 billion and $3.5 billion as of December 31, 2024, and 2023, respectively[85]. - The majority of total cash and invested assets are represented by fixed maturities, equity securities, and derivatives[236]. Reinsurance and Risk Management - The company maintains a policy of being selective in choosing reinsurers, focusing on financial stability and adequate capitalization[62]. - The company has diversified its reinsurance agreements to manage risks and enhance its capital position, including agreements with multiple reinsurers[140]. - The company has entered into a Variable Note Purchase Agreement with Kubera, with a maximum funding amount of $300 million to address potential funding shortfalls related to reinsurance agreements[149]. Employee and Corporate Governance - As of December 27, 2024, the company employed 23,533 full-time equivalent employees, with a 13% increase in the F&G segment during 2024[220]. - The company’s Board of Directors has codified its commitment to diversity in selecting new director nominees[222]. - The company’s Leadership Development Program provides mentorship and professional development opportunities for employees[227]. Sustainability and Social Responsibility - The company has committed to sustainability efforts, including conducting annual climate risk assessments and reducing its environmental footprint[216]. - The company has published annual sustainability reports since 2019, enhancing its sustainability efforts over time[213]. Economic and Market Risks - The company faces significant risks from adverse changes in real estate activity, which may be influenced by high interest rates and a weak U.S. economy[231]. - Changes in general economic, business, and political conditions could adversely affect the company's financial results[231]. - The investment portfolio is exposed to economic and financial market risks, including fluctuations in interest rates and credit markets[235].

Fidelity National Financial, Inc. (NYSE:FNF) Q4 2024 Earnings Call Transcript February 21, 2025 11:00 AM ET Company Participants Lisa Parker - Senior Vice President, Investor and External Relations Mike Nolan - Chief Executive Officer Tony Park - Chief Financial Officer Chris Blunt - President and Chief Executive Officer, F&G Conference Call Participants Mark DeVries - Deutsche Bank John Campbell - Stephens Terry Ma - Barclays Bose George - KBW Mark Hughes - Truist Securities Geoffrey Dunn - Dowling & Partn ...

JACKSONVILLE, Fla., Feb. 21, 2025 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF) ("FNF") today announced that its Board of Directors has declared a quarterly cash dividend of $0.50 per share of common stock. The dividend will be payable March 31, 2025, to stockholders of record as of March 17, 2025. About Fidelity National Financial, Inc. Fidelity National Financial, Inc. (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries, ...

Group 1 - FNF Group reported quarterly earnings of $1.34 per share, exceeding the Zacks Consensus Estimate of $1.19 per share, and showing an increase from $0.75 per share a year ago, resulting in an earnings surprise of 12.61% [1] - The company posted revenues of $3.62 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 8.70%, compared to revenues of $3.43 billion in the same quarter last year [2] - FNF Group shares have increased approximately 4% since the beginning of the year, while the S&P 500 has gained 4.5% [3] Group 2 - The earnings outlook for FNF Group is mixed, with the current consensus EPS estimate for the upcoming quarter at $1.15 on revenues of $3.32 billion, and for the current fiscal year at $6.28 on revenues of $15.16 billion [7] - The Insurance - Property and Casualty industry, to which FNF Group belongs, is currently ranked in the top 26% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] Group 3 - FNF Group has surpassed consensus EPS estimates only once in the last four quarters, while it has topped consensus revenue estimates four times during the same period [2][6] - The current Zacks Rank for FNF Group is 3 (Hold), suggesting that the stock is expected to perform in line with the market in the near future [6]

FNF Reports Fourth Quarter and Full Year 2024 Financial Results Jacksonville, Fla. – (February 20, 2025) - Fidelity National Financial, Inc. (NYSE:FNF) ("FNF" or the "Company"), a leading provider of title insurance and transaction services to the real estate and mortgage industries and a leading provider of insurance solutions serving retail annuity and life customers and institutional clients through its majority-owned, publicly traded subsidiary F&G Annuities & Life, Inc. (NYSE:FG) ("F&G"), today reporte ...

JACKSONVILLE, Fla., Feb. 20, 2025 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF) ("FNF" or the "Company"), a leading provider of title insurance and transaction services to the real estate and mortgage industries and a leading provider of insurance solutions serving retail annuity and life customers and institutional clients through its majority-owned, publicly traded subsidiary F&G Annuities & Life, Inc. (NYSE: FG) ("F&G"), today reported financial results for the fourth quarter and twelve m ...