XML 65 R54.htm IDEA: XBRL DOCUMENT

Basis of Financial Statements - Summary of Impact of the Adoption of ASU 2018 on the Condensed Consolidated Balance Sheet and Condensed Consolidated Statement of Operations (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended		6 Months Ended
	Dec. 31, 2020	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Reinsurance recoverable, net of allowance for credit losses		$ 7,077		$ 7,077			$ 5,418
Goodwill		4,811	$ 4,531	4,811	$ 4,531		4,635
Prepaid expenses and other assets		2,214		2,214			2,068
Market risk benefits asset		118		118			117		$ 41
Other intangible assets, net		4,317		4,317			3,811
Total		73,021	61,012	73,021	61,012		65,143
Liabilities:
Contractholder funds		45,070		45,070			40,843
Future policy benefits		5,715		5,715			5,021		4,918
Accounts payable and accrued liabilities		2,725		2,725			2,326
Market risk benefits liability		313		313			282		469
Total		66,344		66,344			58,574
Equity [Abstract]
Additional paid-in capital		5,883		5,883			5,870
Retained earnings		5,140		5,140			5,225
Accumulated other comprehensive loss		(2,681)		(2,681)			(2,870)
Non-controlling interests		448		448			453
Total		6,677	7,348	6,677	7,348	$ 6,648	6,569	$ 8,612	$ 10,006
Revenues:
Escrow, title-related and other fees		1,212	786	2,092	2,078
Expenses:
Benefits and other changes in policy reserves		817	(377)	1,629	(174)
Market risk benefit gains		(30)	(189)	29	(119)
Depreciation and amortization		151	120	285	235
Income tax expense		90	202	104	358
Net earnings attributable to FNF common shareholders		$ 219	$ 537	$ 160	$ 937
Basic
Net earnings per share attributable to common shareholders, basic (in usd per share)		$ 0.81	$ 1.93	$ 0.59	$ 3.36
Diluted
Net earnings per share attributable to common shareholders, basic (in usd per share)		$ 0.81	$ 1.92	$ 0.59	$ 3.33
Adjustments
ASSETS
Reinsurance recoverable, net of allowance for credit losses							(170)
Goodwill							(7)
Prepaid expenses and other assets							(163)
Market risk benefits asset							117
Other intangible assets, net							(223)
Total							(446)
Liabilities:
Contractholder funds							(390)
Future policy benefits							(902)
Accounts payable and accrued liabilities							(26)
Market risk benefits liability							282
Total							(1,036)
Equity [Abstract]
Additional paid-in capital							(6)
Retained earnings							511
Accumulated other comprehensive loss							(8)
Non-controlling interests							93
Total							590
Revenues:
Escrow, title-related and other fees			$ 4		$ 6
Expenses:
Benefits and other changes in policy reserves			41		36
Market risk benefit gains			(189)		(119)
Depreciation and amortization			(41)		(108)
Income tax expense	$ 20		38		39
Net earnings attributable to FNF common shareholders			$ 155		$ 158
Basic
Net earnings per share attributable to common shareholders, basic (in usd per share)			$ 0.56		$ 0.57
Diluted
Net earnings per share attributable to common shareholders, basic (in usd per share)			$ 0.55		$ 0.56
As adjusted
ASSETS
Reinsurance recoverable, net of allowance for credit losses							5,418
Goodwill							4,635
Prepaid expenses and other assets							2,068
Market risk benefits asset							117
Other intangible assets, net							3,811
Total							16,049
Liabilities:
Contractholder funds							40,843
Future policy benefits							5,021
Accounts payable and accrued liabilities							2,326
Market risk benefits liability							282
Total							48,472
Equity [Abstract]
Additional paid-in capital							5,870
Retained earnings							5,225
Accumulated other comprehensive loss							(2,870)
Non-controlling interests							453
Total							8,678
Revenues:
Escrow, title-related and other fees			$ 786		$ 2,078
Expenses:
Benefits and other changes in policy reserves			(377)		(174)
Market risk benefit gains			(189)		(119)
Depreciation and amortization			120		235
Income tax expense			202		358
Net earnings attributable to FNF common shareholders			$ 537		$ 937
Basic
Net earnings per share attributable to common shareholders, basic (in usd per share)			$ 1.93		$ 3.36
Diluted
Net earnings per share attributable to common shareholders, basic (in usd per share)			$ 1.92		$ 3.33
As Previously Reported
ASSETS
Reinsurance recoverable, net of allowance for credit losses							5,588
Goodwill							4,642
Prepaid expenses and other assets							2,231
Market risk benefits asset							0
Other intangible assets, net							4,034
Total							16,495
Liabilities:
Contractholder funds							41,233
Future policy benefits							5,923
Accounts payable and accrued liabilities							2,352
Market risk benefits liability							0
Total							49,508
Equity [Abstract]
Additional paid-in capital							5,876
Retained earnings							4,714
Accumulated other comprehensive loss							(2,862)
Non-controlling interests							360
Total							$ 8,088
Revenues:
Escrow, title-related and other fees			$ 782		$ 2,072
Expenses:
Benefits and other changes in policy reserves			(418)		(210)
Market risk benefit gains			0		0
Depreciation and amortization			161		343
Income tax expense			164		319
Net earnings attributable to FNF common shareholders			$ 382		$ 779
Basic
Net earnings per share attributable to common shareholders, basic (in usd per share)			$ 1.37		$ 2.79
Diluted
Net earnings per share attributable to common shareholders, basic (in usd per share)			$ 1.37		$ 2.77