XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Investments:    
Fixed maturity securities, available for sale $ 29,511 $ 27,587
Derivative investments 692 548
Mortgage loans, net of allowance for credit losses of $34 and $39 at June 30, 2021 and December 31, 2020, respectively 2,794 2,031
Investments in unconsolidated affiliates 1,816 1,294
Other long-term investments 626 482
Short-term investments, at June 30, 2021 and December 31, 2020 includes pledged short-term investments of $3 and $1, respectively, related to secured trust deposits 435 769
Total investments 38,497 35,047
Cash and cash equivalents, at June 30, 2021 and December 31, 2020 includes $485 and $270, respectively, of pledged cash related to secured trust deposits 3,471 2,719
Trade and notes receivables, net of allowance of $28 and $28 at June 30, 2021 and December 31, 2020, respectively 500 437
Reinsurance recoverable, net of allowance for credit losses of $20 and $21 at June 30, 2021 and December 31, 2020, respectively 3,311 3,211
Goodwill 4,506 4,495
Prepaid expenses and other assets 913 997
Lease assets 363 374
Other intangible assets, net 2,380 2,264
Title plants 400 404
Property and equipment, net 179 180
Assets of discontinued operations 0 327
Total assets 54,520 50,455
Liabilities:    
Contractholder funds 32,166 28,718
Future policy benefits 3,670 4,010
Accounts payable and accrued liabilities 2,559 2,402
Notes payable 2,663 2,662
Reserve for title claim losses 1,677 1,623
Funds withheld for reinsurance liabilities 1,271 806
Secured trust deposits 930 711
Lease liabilities 401 414
Income taxes payable 56 56
Deferred tax liability 239 300
Liabilities of discontinued operations 0 361
Total liabilities 45,632 42,063
Equity:    
FNF common stock, $0.0001 par value; authorized 600,000,000 shares as of June 30, 2021 and December 31, 2020; outstanding of 285,689,238 and 291,448,627 as of June 30, 2021 and December 31, 2020, respectively, and issued of 323,664,713 and 322,622,948 as of June 30, 2021 and December 31, 2020, respectively 0 0
Preferred stock, $0.0001 par value; authorized 50,000,000 shares; issued and outstanding, none 0 0
Additional paid-in capital 5,771 5,720
Retained earnings 3,343 2,394
Accumulated other comprehensive earnings 1,094 1,304
Less: Treasury stock, 37,975,475 shares and 31,174,321 shares as of June 30, 2021 and December 31, 2020, respectively, at cost (1,362) (1,067)
Total Fidelity National Financial, Inc. shareholders’ equity 8,846 8,351
Non-controlling interests 42 41
Total equity 8,888 8,392
Total liabilities and equity 54,520 50,455
Preferred securities    
Investments:    
Securities, at fair value 1,198 1,341
Whole loans    
Investments:    
Securities, at fair value $ 1,425 $ 995