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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Investments    
Fixed maturity securities available for sale, at fair value, at December 31, 2023 and December 31, 2022, at an amortized cost of $45,606 and $37,708, respectively, net of allowance for credit losses of $42 and $39, respectively, and includes pledged fixed maturity securities of $489 and $448, respectively, related to secured trust deposits $ 42,373 $ 33,095
Derivative investments 797 244
Mortgage loans, net of allowance for credit losses of $66 and $42 at December 31, 2023 and 2022, respectively. 5,336 4,554
Investments in unconsolidated affiliates 3,334 2,642
Other long-term investments 703 664
Short-term investments, at December 31, 2023 and December 31, 2022 includes pledged short-term investments of $1 and $6, respectively, related to secured trust deposits 2,119 2,590
Total investments 56,049 45,370
Cash and cash equivalents, at December 31, 2023 and 2022 includes $262 and $242, respectively, of pledged cash related to secured trust deposits 2,767 2,286
Trade and notes receivables, net of allowance of $32 and $33 at December 31, 2023 and 2022, respectively 442 467
Reinsurance recoverable, net of allowance for credit losses of $21 and $10 at December 31, 2023 and 2022, respectively 8,977 5,418
Goodwill 4,830 4,635
Prepaid expenses and other assets 1,900 2,068
Market risk benefits assets 88 117
Lease assets 348 376
Other intangible assets, net 4,627 3,811
Title plants 418 416
Property and equipment, net 168 179
Total assets 80,614 65,143
Liabilities:    
Contractholder funds 48,798 40,843
Future policy benefits 7,050 5,021
Accounts payable and accrued liabilities 3,009 2,326
Market risk benefits liability 403 282
Notes payable 3,887 3,238
Reserve for title claim losses 1,770 1,810
Funds withheld for reinsurance liabilities 7,083 3,703
Secured trust deposits 731 862
Lease liabilities 394 418
Income taxes payable 0 0
Deferred tax liability 29 71
Total liabilities 73,154 58,574
Equity:    
FNF common stock, $0.0001 par value; authorized 600,000,000 shares as of December 31, 2023 and 2022, respectively; outstanding of 273,251,449 and 272,309,890 as of December 31, 2023 and 2022, respectively, and issued of 329,185,916 and 327,757,349 as of December 31, 2023 and 2022, respectively 0 0
Preferred stock, $0.0001 par value; authorized 50,000,000 shares; issued and outstanding, none 0 0
Additional paid-in capital 5,913 5,870
Retained earnings 5,244 5,225
Accumulated other comprehensive earnings (2,119) (2,870)
Less: Treasury stock, 55,934,467 shares and 55,447,459 shares as of December 31, 2023 and 2022, respectively, at cost (2,130) (2,109)
Total Fidelity National Financial, Inc. shareholders’ equity 6,908 6,116
Non-controlling interests 552 453
Total equity 7,460 6,569
Total liabilities and equity 80,614 65,143
Preferred securities    
Investments    
Securities, at fair value 621 903
Equity securities    
Investments    
Securities, at fair value $ 766 $ 678