A Business at a Glance
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Table of Contents Introductory Note The following describes the business of Fidelity National Financial, Inc. and its subsidiaries. Except where otherwise noted, all references to "we," "us," "our", the "Company" or "FNF" are to Fidelity National Financial, Inc. and its subsidiaries, taken together. We are a leading provider of (i) title insurance, escrow and other title-related services, including trust activities, trustee sales guarantees, recordings and reconveyances and home warranty and (ii) transaction services to the real estate and mortgage industries. FNF is one of the nation’s largest title insurance companies operating through its title insurance underwriters - Fidelity National Title Insurance Company ("FNTIC"), Chicago Title Insurance Company ("Chicago Title"), Commonwealth Land Title Insurance Company ("Commonwealth Land Title"), Alamo Title Insurance ("Alamo Title") and National Title Insurance of New York Inc.
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Insurance contracts | $10.14B | $8.70B | $7.15B | $8.24B | $8.86B | 40% |
Agency title insurance premiums | $4.98B | $3.98B | $2.61B | $2.95B | $3.25B | 15% |
Life insurance premiums, insurance and investment product fees, and other | $1.41B | $1.70B | $2.41B | $2.94B | $2.88B | 13% |
Direct title insurance premiums | $3.57B | $2.86B | $1.98B | $2.20B | $2.57B | 12% |
Life insurance premiums, insurance and investment product fees, other, pension risk transfer | $1.15B | $1.36B | $1.96B | $2.22B | $2.11B | 10% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 14.4B | 14.4B | 13.7B | 11.8B | 11.6B | 15.7B |
| Net Income | 602M | 602M | 1.3B | 517M | 1.3B | 2.8B |
| EPS | $2.21 | $2.21 | $4.65 | $1.91 | $4.67 | $9.75 |
| Free Cash Flow | 5.8B | 5.8B | 6.8B | 6.5B | 4.4B | 4.1B |
| ROIC | 6.7% | 5.0% | 11.1% | 5.1% | 11.8% | 23.8% |
| Gross Margin | 9.7% | 9.7% | 12.7% | 5.9% | 15.0% | - |
| Debt/Equity | 0.60 | 0.60 | 0.56 | 0.56 | 0.53 | 0.33 |
| Dividends/Share | $2.00 | $2.02 | $1.94 | $1.83 | $1.77 | $1.56 |
| Operating Income | 1.4B | 1.4B | 1.7B | 693M | 1.7B | 3.6B |
| Operating Margin | 9.7% | 9.7% | 12.7% | 5.9% | 15.0% | 22.7% |
| ROE | 8.1% | 7.9% | 17.3% | 7.9% | 16.7% | 31.5% |
| Shares Outstanding | 272M | 272M | 273M | 271M | 277M | 287M |
Fidelity National Financial, Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
Fidelity National Financial, Inc. trades at 21.3x trailing earnings, compared to its 15-year median P/E of 9.9x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 2.2x vs a median of 3.5x. The company's 5-year average ROIC is 11.4% with a gross margin of 10.8%. Total shareholder yield (dividends + buybacks) is 6.2%. At current prices, the estimated annualized return to fair value is +42.0%.
Fidelity National Financial, Inc. (FNF) has a current P/E ratio of 21.3, compared to its historical median P/E of 9.9. The stock is currently considered Expensive based on its historical valuation range.
Fidelity National Financial, Inc. (FNF) has a 5-year average return on invested capital (ROIC) of 11.4%. This indicates solid capital allocation.
Fidelity National Financial, Inc. (FNF) has a market capitalization of $12.8B. It is classified as a large-cap stock.
Yes, Fidelity National Financial, Inc. (FNF) pays a dividend with a trailing twelve-month yield of 4.26%. The company also returns capital through share buybacks, with a buyback yield of 1.96%.
Based on historical P/E analysis, Fidelity National Financial, Inc. (FNF) appears expensive. The current P/E of 21.3 is 114% above its historical median of 9.9. The estimated fair value CAGR (P/E method) is -1.7%.
Fidelity National Financial, Inc. (FNF) operates in the Title Insurance industry, within the Financials sector.
Fidelity National Financial, Inc. (FNF) reported annual revenue of $14.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
Fidelity National Financial, Inc. (FNF) has a net profit margin of 4.2%. This is a modest margin.
Fidelity National Financial, Inc. (FNF) generated $5.8 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Fidelity National Financial, Inc. (FNF) has a debt-to-equity ratio of 0.60. This indicates moderate leverage.
Fidelity National Financial, Inc. (FNF) reported earnings per share (EPS) of $2.21 in its most recent fiscal year.
Fidelity National Financial, Inc. (FNF) has a return on equity (ROE) of 7.9%. This indicates moderate shareholder returns.
Fidelity National Financial, Inc. (FNF) has a 5-year average gross margin of 10.8%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 18 years of financial data for Fidelity National Financial, Inc. (FNF), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Fidelity National Financial, Inc. (FNF) has a book value per share of $27.25, based on its most recent annual SEC filing.