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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Investments:    
Fixed maturity securities available for sale, at fair value, at March 31, 2024 and December 31, 2023, at an amortized cost of $47,789 and $45,606, respectively, net of allowance for credit losses of $40 and $42, respectively, and includes pledged fixed maturity securities of $492 and $489, respectively, related to secured trust deposits $ 44,566 $ 42,373
Derivative investments 1,024 797
Mortgage loans, net of allowance for credit losses of $67 and $66 at March 31, 2024 and December 31, 2023, respectively 5,440 5,336
Investments in unconsolidated affiliates 3,632 3,334
Other long-term investments 735 703
Short-term investments, at March 31, 2024 and December 31, 2023 646 2,119
Total investments 57,378 56,049
Cash and cash equivalents, at March 31, 2024 and December 31, 2023 includes $227 and $262, respectively, of pledged cash related to secured trust deposits 3,517 2,767
Trade and notes receivables, net of allowance for credit losses of $31 and $32 at March 31, 2024 and December 31, 2023, respectively 409 442
Reinsurance recoverable, net of allowance for credit losses of $21 and $21 at March 31, 2024 and December 31, 2023, respectively 10,129 8,977
Goodwill 5,107 4,830
Prepaid expenses and other assets 1,899 1,900
Market risk benefits asset 95 88
Lease assets 348 348
Other intangible assets, net 5,027 4,627
Title plants 420 418
Property and equipment, net 167 168
Total assets 84,496 80,614
Liabilities:    
Contractholder funds 50,875 48,798
Future policy benefits 7,441 7,050
Accounts payable and accrued liabilities 3,138 3,009
Market risk benefits liability 425 403
Notes payable 3,884 3,887
Reserve for title claim losses 1,746 1,770
Funds withheld for reinsurance liabilities 8,025 7,083
Secured trust deposits 693 731
Lease liabilities 390 394
Income taxes payable 14 0
Deferred tax liability 28 29
Total liabilities 76,659 73,154
Equity:    
FNF common stock, $0.0001 par value; authorized 600,000,000 shares as of March 31, 2024 and December 31, 2023; outstanding of 273,238,445 and 273,251,449 as of March 31, 2024 and December 31, 2023, respectively, and issued of 329,206,677 and 329,185,916 as of March 31, 2024 and December 31, 2023, respectively 0 0
Preferred stock, $0.0001 par value; authorized 50,000,000 shares; issued and outstanding, none 0 0
Additional paid-in capital 5,924 5,913
Retained earnings 5,361 5,244
Accumulated other comprehensive loss (2,029) (2,119)
Less: Treasury stock, 55,968,232 shares and 55,934,467 shares as of March 31, 2024 and December 31, 2023, respectively, at cost (2,131) (2,130)
Total Fidelity National Financial, Inc. shareholders’ equity 7,125 6,908
Non-controlling interests 712 552
Total equity 7,837 7,460
Total liabilities and equity 84,496 80,614
Preferred securities    
Investments:    
Securities, at fair value 542 621
Equity securities    
Investments:    
Securities, at fair value $ 793 $ 766