Fidelity National Financial, Inc.
For the period ended Sep 30, 2025. Filed Nov 10, 2025.
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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, 2025 · Filed Nov 10, 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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Condensed Consolidated Balance Sheets (unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions, except par values)
| September 30,2025 | December 31,2024 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Investments: | ||
| Fixed maturity securities available for sale, at fair value, as of September 30, 2025 and December 31, 2024, at an amortized cost of $55,913 and $51,681, respectively, net of allowance for credit losses of $102 and $67, respectively, and includes pledged fixed maturity securities of $462 and $495, respectively, related to secured trust deposits | $53,501 | $48,218 |
| Preferred securities, at fair value | 449 | 443 |
| Equity securities, at fair value | 441 | 642 |
| Derivative investments | 1,228 | 794 |
| Mortgage loans, net of allowance of $77 and $70 as of September 30, 2025 and December 31, 2024, respectively | 7,391 | 5,926 |
| Investments in unconsolidated affiliates | 4,925 | 3,731 |
| Other long-term investments | 1,287 | 811 |
| Short-term investments | 1,663 | 3,050 |
| Total investments | 70,885 | 63,615 |
| Cash and cash equivalents, as of September 30, 2025 and December 31, 2024 includes $273 and $69, respectively, of pledged cash related to secured trust deposits | 3,494 | 3,479 |
| Trade and notes receivables, net of allowance of $35 and $32 as of September 30, 2025 and December 31, 2024, respectively | 475 | 471 |
| Reinsurance recoverable, net of allowance of $18 and $20 as of September 30, 2025 and December 31, 2024, respectively | 16,848 | 13,380 |
| Goodwill | 5,272 | 5,271 |
| Prepaid expenses and other assets | 1,998 | 1,938 |
| Market risk benefits asset | 242 | 189 |
| Lease assets | 340 | 351 |
| Other intangible assets, net | 6,471 | 5,976 |
| Title plants | 421 | 420 |
| Property and equipment, net | 190 | 173 |
| Total assets | $106,636 | $95,263 |
| LIABILITIES AND EQUITY | ||
| Liabilities: | ||
| Contractholder funds | $61,798 | $56,404 |
| Future policy benefits | 10,055 | 8,749 |
| Accounts payable and accrued liabilities | 3,778 | 3,249 |
| Market risk benefits liability | 830 | 549 |
| Notes payable | 4,398 | 4,321 |
| Reserve for title claim losses | 1,708 | 1,713 |
| Funds withheld for reinsurance liabilities | 13,582 | 10,758 |
| Secured trust deposits | 734 | 551 |
| Lease liabilities | 372 | 385 |
| Income taxes payable | 47 | 52 |
| Total liabilities | 97,302 | 86,731 |
| Equity: | ||
| FNF common stock, $0.0001 par value; authorized 600 shares as of September 30, 2025 and December 31, 2024; outstanding of 271 and 275 as of September 30, 2025 and December 31, 2024, respectively | — | — |
| Preferred stock, $0.0001 par value; authorized 50 shares; issued and outstanding, none | — | — |
| Additional paid-in capital | 6,044 | 5,976 |
| Retained earnings | 6,293 | 5,982 |
| Accumulated other comprehensive loss | (1,606) | (2,052) |
| Treasury stock, 60 and 56 shares as of September 30, 2025 and December 31, 2024, respectively, at cost | (2,376) | (2,152) |
| Total Fidelity National Financial, Inc. shareholders’ equity | 8,355 | 7,754 |
| Non-controlling interests | 979 | 778 |
| Total equity | 9,334 | 8,532 |
| Total liabilities and equity | $106,636 | $95,263 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.