Fidelity National Financial, Inc.

For the period ended Mar 31, 2026. Filed May 8, 2026.

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.

Mar 31, 2026 · Filed May 8, 2026

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

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Contents

Condensed Consolidated Balance Sheets (unaudited)

CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions, except par values)

	March 31,2026	December 31,2025
(Unaudited)
ASSETS
Investments:
Fixed maturity securities available for sale, at fair value, as of March 31, 2026 and December 31, 2025, at an amortized cost of $57,703 and $57,161, respectively, net of allowance for credit losses of $91 and $112, respectively, and includes pledged fixed maturity securities of $470 and $446, respectively, related to secured trust deposits	$54,407	$54,561
Fixed maturity securities, at fair value under the fair value option	93	—
Preferred securities, at fair value	432	436
Equity securities, at fair value	410	493
Derivative investments	898	1,156
Mortgage loans, net of allowance of $97 and $86 as of March 31, 2026 and December 31, 2025, respectively	8,459	7,891
Investments in unconsolidated affiliates (2026 and 2025 includes $270 and $262 related to investments held by consolidated variable interest entities ("VIEs") and 2026 and 2025 include certain investments at fair value of $260 and $270, respectively)	5,299	5,166
Other long-term investments (2026 and 2025 include $246 and $248 related to investments held by consolidated VIEs)	1,579	1,572
Short-term investments (2026 and 2025 include $33 and $116 related to investments held by consolidated VIEs)	1,655	1,920
Total investments	73,232	73,195
Cash and cash equivalents, as of March 31, 2026 and December 31, 2025 includes $329 and $261, respectively, of pledged cash related to secured trust deposits (2026 and 2025 include $1 and $2 related to investments held by consolidated VIEs)	2,467	2,636
Trade and notes receivables, net of allowance of $30 and $31 as of March 31, 2026 and December 31, 2025, respectively	473	473
Reinsurance recoverable, net of allowance of $18 and $18 as of March 31, 2026 and December 31, 2025, respectively	19,979	17,551
Goodwill	5,216	5,272
Prepaid expenses and other assets	2,116	2,012
Market risk benefits asset	308	285
Lease assets	336	336
Other intangible assets, net	6,761	6,641
Title plants	424	424
Property and equipment, net	187	189
Total assets	$111,499	$109,014
LIABILITIES AND EQUITY
Liabilities:
Contractholder funds	$63,474	$62,726
Future policy benefits	10,748	10,755
Accounts payable and accrued liabilities	3,344	3,828
Market risk benefits liability	968	903
Notes payable	4,402	4,400
Reserve for title claim losses	1,704	1,700
Funds withheld for reinsurance liabilities	16,487	14,191
Secured trust deposits	802	731
Lease liabilities	367	368
Income taxes payable	46	1
Deferred tax liability	438	439
Total liabilities	102,780	100,042
Equity:
FNF common stock, $0.0001 par value; authorized 600 shares as of March 31, 2026 and December 31, 2025; outstanding of 269 and 271 as of March 31, 2026 and December 31, 2025, respectively	—	—
Preferred stock, $0.0001 par value; authorized 50 shares; issued and outstanding, none	—	—
Additional paid-in capital	6,068	6,042
Retained earnings	5,586	5,484
Accumulated other comprehensive loss	(1,895)	(1,678)
Treasury stock, 63 and 61 shares as of March 31, 2026 and December 31, 2025, respectively, at cost	(2,505)	(2,424)
Total Fidelity National Financial, Inc. shareholders’ equity	7,254	7,424
Non-controlling interests	1,465	1,548
Total equity	8,719	8,972
Total liabilities and equity	$111,499	$109,014

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