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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Investments:    
Fixed maturity securities available for sale, at fair value, at June 30, 2022 and December 31, 2021, at an amortized cost of $33,836 and $30,705, respectively, net of allowance for credit losses of $11 and $8, respectively, and includes pledged fixed maturity securities of $448 and $460, respectively, related to secured trust deposits $ 30,432 $ 31,990
Derivative investments 145 816
Mortgage loans, net of allowance for credit losses of $35 and $31 at June 30, 2022 and December 31, 2021, respectively 4,437 3,749
Investments in unconsolidated affiliates 2,835 2,486
Other long-term investments 627 579
Short-term investments, at June 30, 2022 and December 31, 2021 includes pledged short-term investments of $0 and $1, respectively, related to secured trust deposits 2,588 491
Total investments 42,973 42,775
Cash and cash equivalents, at June 30, 2022 and December 31, 2021 includes $586 and $480, respectively, of pledged cash related to secured trust deposits 2,426 4,360
Trade and notes receivables, net of allowance for credit losses of $34 and $32 at June 30, 2022 and December 31, 2021, respectively 616 557
Reinsurance recoverable, net of allowance for credit losses of $20 at March 31, 2022 and December 31, 2021 4,237 3,738
Goodwill 4,538 4,539
Prepaid expenses and other assets 2,004 1,203
Lease assets 390 376
Other intangible assets, net 3,461 2,557
Title plants 400 400
Property and equipment, net 185 185
Total assets 61,230 60,690
Liabilities:    
Contractholder funds 37,707 35,525
Future policy benefits 5,177 4,732
Accounts payable and accrued liabilities 2,605 2,696
Outstanding debt 3,094 3,096
Reserve for title claim losses 1,843 1,883
Funds withheld for reinsurance liabilities 2,277 1,676
Secured trust deposits 1,173 934
Lease liabilities 429 414
Income taxes payable 113 72
Deferred tax liability 66 205
Total liabilities 54,484 51,233
Equity:    
FNF common stock, $0.0001 par value; authorized 600,000,000 shares as of June 30, 2022 and December 31, 2021; outstanding of 276,949,217 and 283,778,574 as of June 30, 2022 and December 31, 2021, respectively, and issued of 325,730,482 and 325,486,429 as of June 30, 2022 and December 31, 2021, respectively 0 0
Preferred stock, $0.0001 par value; authorized 50,000,000 shares; issued and outstanding, none 0 0
Additional paid-in capital 5,843 5,811
Retained earnings 4,901 4,369
Accumulated other comprehensive (loss) earnings (2,190) 779
Less: Treasury stock, 48,781,265 shares and 41,707,855 shares as of June 30, 2022 and December 31, 2021, respectively, at cost (1,851) (1,545)
Total Fidelity National Financial, Inc. shareholders’ equity 6,703 9,414
Non-controlling interests 43 43
Total equity 6,746 9,457
Total liabilities and equity 61,230 60,690
Preferred securities    
Investments:    
Securities, at fair value 1,154 1,401
Equity securities    
Investments:    
Securities, at fair value $ 755 $ 1,263