XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Investments:    
Fixed maturity securities available for sale, at fair value, as of June 30, 2024 and December 31, 2023, at an amortized cost of $49,229 and $45,606, respectively, net of allowance for credit losses of $73 and $42, respectively, and includes pledged fixed maturity securities of $481 and $489, respectively, related to secured trust deposits $ 45,746 $ 42,373
Derivative investments 1,032 797
Mortgage loans, net of allowance for credit losses of $64 and $66 as of June 30, 2024 and December 31, 2023, respectively 5,439 5,336
Investments in unconsolidated affiliates 3,931 3,334
Other long-term investments 765 703
Short-term investments 887 2,119
Total investments 59,026 56,049
Cash and cash equivalents, as of June 30, 2024 and December 31, 2023 includes $336 and $262, respectively, of pledged cash related to secured trust deposits 4,890 2,767
Trade and notes receivables, net of allowance for credit losses of $31 and $32 as of June 30, 2024 and December 31, 2023, respectively 439 442
Reinsurance recoverable, net of allowance for credit losses of $21 as of June 30, 2024 and December 31, 2023 11,039 8,977
Goodwill 5,107 4,830
Prepaid expenses and other assets 1,919 1,900
Market risk benefits asset 103 88
Lease assets 349 348
Other intangible assets, net 5,362 4,627
Title plants 420 418
Property and equipment, net 170 168
Total assets 88,824 80,614
Liabilities:    
Contractholder funds 53,602 48,798
Future policy benefits 7,636 7,050
Accounts payable and accrued liabilities 3,360 3,009
Market risk benefits liability 459 403
Notes payable 4,175 3,887
Reserve for title claim losses 1,721 1,770
Funds withheld for reinsurance liabilities 8,661 7,083
Secured trust deposits 800 731
Lease liabilities 386 394
Income taxes payable 14 0
Deferred tax liability 29 29
Total liabilities 80,843 73,154
Equity:    
FNF common stock, $0.0001 par value; authorized 600 shares as of June 30, 2024 and December 31, 2023; outstanding of 273 as of June 30, 2024 and December 31, 2023 0 0
Preferred stock, $0.0001 par value; authorized 50 shares; issued and outstanding, none 0 0
Additional paid-in capital 5,942 5,913
Retained earnings 5,536 5,244
Accumulated other comprehensive loss (2,087) (2,119)
Treasury stock, 56 shares as of June 30, 2024 and December 31, 2023, at cost (2,131) (2,130)
Total Fidelity National Financial, Inc. shareholders’ equity 7,260 6,908
Non-controlling interests 721 552
Total equity 7,981 7,460
Total liabilities and equity 88,824 80,614
Preferred securities    
Investments:    
Securities, at fair value 505 621
Equity securities    
Investments:    
Securities, at fair value $ 721 $ 766