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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Investments:    
Fixed maturity securities, available for sale $ 31,990 $ 27,587
Derivative investments 816 548
Mortgage loans, net of allowance for credit losses of $31 and $39 at December 31, 2021 and 2020, respectively. 3,749 2,031
Investments in unconsolidated affiliates 2,486 1,294
Other long-term investments 579 482
Short-term investments, at December 31, 2021 and December 31, 2020 includes pledged short-term investments of $1 and $1, respectively, related to secured trust deposits 491 769
Total investments 42,775 35,047
Cash and cash equivalents, at December 31, 2021 and 2020 includes $480 and $270, respectively, of pledged cash related to secured trust deposits 4,360 2,719
Trade and notes receivables, net of allowance of $32 and $28 at December 31, 2021 and 2020, respectively 557 437
Reinsurance recoverable, net of allowance for credit losses of $20 and $21 at December 31, 2021 and 2020, respectively 3,738 3,211
Goodwill 4,539 4,495
Prepaid expenses and other assets 1,203 997
Lease assets 376 374
Other intangible assets, net 2,557 2,264
Title plants 400 404
Property and equipment, net 185 180
Assets of discontinued operations 0 327
Total assets 60,690 50,455
Liabilities:    
Contractholder funds 35,525 28,718
Future policy benefits 4,732 4,010
Accounts payable and accrued liabilities 2,696 2,402
Notes payable 3,096 2,662
Reserve for title claim losses 1,883 1,623
Funds withheld for reinsurance liabilities 1,676 806
Secured trust deposits 934 711
Lease liabilities 414 414
Income taxes payable 72 56
Deferred tax liability 205 300
Liabilities of discontinued operations 0 361
Total liabilities 51,233 42,063
Equity:    
FNF common stock, $0.0001 par value; authorized 600,000,000 shares as of December 31, 2021 and 2020, respectively; outstanding of 283,778,574 and 291,448,627 as of December 31, 2021 and 2020, respectively, and issued of 325,486,429 and 322,622,948 as of December 31, 2021 and 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 5,811 5,720
Retained earnings 4,369 2,394
Accumulated other comprehensive earnings 779 1,304
Less: Treasury stock, 41,707,855 shares and 31,174,321 shares as of December 31, 2021 and 2020, respectively, at cost (1,545) (1,067)
Total Fidelity National Financial, Inc. shareholders’ equity 9,414 8,351
Non-controlling interests 43 41
Total equity 9,457 8,392
Total liabilities and equity 60,690 50,455
Preferred securities    
Investments:    
Securities, at fair value 1,401 1,341
Equity securities    
Investments:    
Securities, at fair value $ 1,263 $ 995