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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Investments:    
Fixed maturity securities, available for sale $ 30,435 $ 27,587
Derivative investments 581 548
Mortgage loans, net of allowance for credit losses of $33 and $39 at September 30, 2021 and December 31, 2020, respectively 3,484 2,031
Investments in unconsolidated affiliates 2,160 1,294
Other long-term investments 492 482
Short-term investments, at September 30, 2021 and December 31, 2020 includes pledged short-term investments of $3 and $1, respectively, related to secured trust deposits 527 769
Total investments 40,274 35,047
Cash and cash equivalents, at September 30, 2021 and December 31, 2020 includes $694 and $270, respectively, of pledged cash related to secured trust deposits 5,148 2,719
Trade and notes receivables, net of allowance of $32 and $28 at September 30, 2021 and December 31, 2020, respectively 523 437
Reinsurance recoverable, net of allowance for credit losses of $19 and $21 at September 30, 2021 and December 31, 2020, respectively 3,518 3,211
Goodwill 4,515 4,495
Prepaid expenses and other assets 1,169 997
Lease assets 373 374
Other intangible assets, net 2,400 2,264
Title plants 400 404
Property and equipment, net 186 180
Assets of discontinued operations 0 327
Total assets 58,506 50,455
Liabilities:    
Contractholder funds 33,988 28,718
Future policy benefits 3,985 4,010
Accounts payable and accrued liabilities 2,969 2,402
Outstanding debt 3,097 2,662
Reserve for title claim losses 1,734 1,623
Funds withheld for reinsurance liabilities 1,508 806
Secured trust deposits 1,147 711
Lease liabilities 409 414
Income taxes payable 18 56
Deferred tax liability 277 300
Liabilities of discontinued operations 0 361
Total liabilities 49,132 42,063
Equity:    
FNF common stock, $0.0001 par value; authorized 600,000,000 shares as of September 30, 2021 and December 31, 2020; outstanding of 284,743,161 and 291,448,627 as of September 30, 2021 and December 31, 2020, respectively, and issued of 324,064,003 and 322,622,948 as of September 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 5,790 5,720
Retained earnings 3,961 2,394
Accumulated other comprehensive earnings 1,005 1,304
Less: Treasury stock, 39,320,842 shares and 31,174,321 shares as of September 30, 2021 and December 31, 2020, respectively, at cost (1,424) (1,067)
Total Fidelity National Financial, Inc. shareholders’ equity 9,332 8,351
Non-controlling interests 42 41
Total equity 9,374 8,392
Total liabilities and equity 58,506 50,455
Preferred securities    
Investments:    
Securities, at fair value 1,202 1,341
Whole loans    
Investments:    
Securities, at fair value $ 1,393 $ 995