Fidelity National Financial Inc
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
FNF$44.17-1.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
| December 31,2024 | December 31,2023 | |
|---|---|---|
| ASSETS | ||
| Investments: | ||
| Fixed maturity securities available for sale, at fair value, as of December 31, 2024 and 2023, at an amortized cost of $51,681 and $45,606, respectively, net of allowance for credit losses of $67 and $42, respectively, and includes pledged fixed maturity securities of $495 and $489, respectively, related to secured trust deposits | $48,218 | $42,373 |
| Preferred securities, at fair value | 443 | 621 |
| Equity securities, at fair value | 642 | 766 |
| Derivative investments | 794 | 797 |
| Mortgage loans, net of allowance for credit losses of $70 and $66 as of December 31, 2024 and 2023, respectively | 5,926 | 5,336 |
| Investments in unconsolidated affiliates | 3,731 | 3,334 |
| Other long-term investments | 811 | 703 |
| Short-term investments | 3,050 | 2,119 |
| Total investments | 63,615 | 56,049 |
| Cash and cash equivalents, as of December 31, 2024 and 2023 includes $69 and $262, respectively, of pledged cash related to secured trust deposits | 3,479 | 2,767 |
| Trade and notes receivables, net of allowance of $32 as of December 31, 2024 and 2023, respectively | 471 | 442 |
| Reinsurance recoverable, net of allowance for credit losses of $20 and $21 at December 31, 2024 and 2023, respectively | 13,380 | 8,977 |
| Goodwill | 5,271 | 4,830 |
| Prepaid expenses and other assets | 2,047 | 1,900 |
| Market risk benefits assets | 189 | 88 |
| Lease assets | 351 | 348 |
| Other intangible assets, net | 5,976 | 4,627 |
| Title plants | 420 | 418 |
| Property and equipment, net | 173 | 168 |
| Total assets | $95,372 | $80,614 |
| LIABILITIES AND EQUITY | ||
| Liabilities: | ||
| Contractholder funds | $56,404 | $48,798 |
| Future policy benefits | 8,749 | 7,050 |
| Accounts payable and accrued liabilities | 3,249 | 3,009 |
| Market risk benefits liability | 549 | 403 |
| Notes payable | 4,321 | 3,887 |
| Reserve for title claim losses | 1,713 | 1,770 |
| Funds withheld for reinsurance liabilities | 10,867 | 7,083 |
| Secured trust deposits | 551 | 731 |
| Lease liabilities | 385 | 394 |
| Income taxes payable | 52 | — |
| Deferred tax liability | — | 29 |
| Total liabilities | 86,840 | 73,154 |
| Equity: | ||
| FNF common stock, $0.0001 par value; authorized 600 shares as of December 31, 2024 and 2023, respectively; outstanding of 275 and 273 as of December 31, 2024 and 2023, respectively, and issued of 331 and 329 as of December 31, 2024 and 2023, respectively | — | — |
| Preferred stock, $0.0001 par value; authorized 50 shares; issued and outstanding, none | — | — |
| Additional paid-in capital | 5,976 | 5,913 |
| Retained earnings | 5,982 | 5,244 |
| Accumulated other comprehensive earnings | (2,052) | (2,119) |
| Less: Treasury stock, 56 shares as of December 31, 2024 and 2023, at cost | (2,152) | (2,130) |
| Total Fidelity National Financial, Inc. shareholders’ equity | 7,754 | 6,908 |
| Non-controlling interests | 778 | 552 |
| Total equity | 8,532 | 7,460 |
| Total liabilities and equity | $95,372 | $80,614 |
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