Fidelity National Financial Inc

For the period ended Sep 30, 2024. Filed Nov 7, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 7, 2024

FNF$44.17-1.9%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Condensed Consolidated Statements of Cash Flows (unaudited)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In millions)

	Nine months ended September 30,
	2024	2023
(Unaudited)
Cash flows from operating activities:
Net earnings	$883	$632
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	545	438
Equity in earnings of unconsolidated affiliates	(4)	(16)
(Gain) loss on sales of investments and other assets and asset impairments, net	(132)	481
Interest credited/index credits to contractholder account balances	1,482	607
Change in market risk benefits, net	80	(20)
Deferred policy acquisition costs and deferred sales inducements	(1,061)	(771)
Charges assessed to contractholders for mortality and admin	(209)	(184)
Non-cash lease costs	99	102
Operating lease payments	(112)	(115)
Distributions from unconsolidated affiliates, return on investment	70	142
Stock-based compensation cost	48	43
Change in NAV of limited partnerships, net	(261)	(160)
Change in valuation of derivatives, equity securities, preferred securities, and other assets, net	(372)	(112)
Changes in assets and liabilities, net of effects from acquisitions:
Change in reinsurance recoverable	(28)	105
Change in future policy benefits	1,080	706
Change in funds withheld from reinsurers	2,895	2,418
Net (increase) decrease in trade receivables	(18)	37
Net decrease in reserve for title claim losses	(50)	(41)
Net change in income taxes	25	54
Net change in other assets and other liabilities	360	(131)
Net cash provided by operating activities	5,320	4,215
Cash flows from investing activities:
Proceeds from sales, calls and maturities of investment securities	7,995	4,190
Additions to property and equipment, capitalized software and title plants	(116)	(101)
Purchases of investment securities	(12,642)	(10,660)
Net proceeds from sales and maturities of short-term investment securities	983	1,882
Acquisitions and dispositions	(570)	(299)
Additional investments in unconsolidated affiliates	(903)	(1,061)
Distributions from unconsolidated affiliates, return of investment	224	302
Net other investing activities	13	(13)
Net cash used in investing activities	(5,016)	(5,760)
Cash flows from financing activities:
Debt offering	550	500
Debt service payments	(250)	(8)
F&G Credit Agreement repayments, net	—	(35)
Dividends paid	(391)	(366)
Subsidiary dividends paid to non-controlling interest shareholders	(34)	(24)
Exercise of stock options	17	—
Net change in secured trust deposits	35	(9)
Additional investment in consolidated subsidiaries	(21)	(20)
Payment of contingent consideration for prior period acquisitions	(13)	(6)
Contractholder account deposits	8,574	5,718
Contractholder account withdrawals	(6,568)	(3,258)
F&G repurchases of F&G stock	—	(18)
Purchases of treasury stock	—	(6)
Net cash provided by financing activities	1,899	2,468
Net increase in cash and cash equivalents	2,203	923
Cash and cash equivalents at beginning of period	2,767	2,286
Cash and cash equivalents at end of period	$4,970	$3,209

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.