XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Millions, $ in Millions
Sep. 30, 2024
Dec. 31, 2023
Investments:    
Fixed maturity securities available for sale, at fair value, as of September 30, 2024 and December 31, 2023, at an amortized cost of $51,070 and $45,606, respectively, net of allowance for credit losses of $67 and $42, respectively, and includes pledged fixed maturity securities of $502 and $489, respectively, related to secured trust deposits $ 48,940 $ 42,373
Derivative investments 1,401 797
Mortgage loans, net of allowance for credit losses of $69 and $66 as of September 30, 2024 and December 31, 2023, respectively 5,626 5,336
Investments in unconsolidated affiliates 3,874 3,334
Other long-term investments 780 703
Short-term investments 1,177 2,119
Total investments 62,987 56,049
Cash and cash equivalents, as of September 30, 2024 and December 31, 2023 includes $289 and $262, respectively, of pledged cash related to secured trust deposits 4,970 2,767
Trade and notes receivables, net of allowance for credit losses of $32 as of September 30, 2024 and December 31, 2023 443 442
Reinsurance recoverable, net of allowance for credit losses of $21 as of September 30, 2024 and December 31, 2023 12,409 8,977
Goodwill 5,272 4,830
Prepaid expenses and other assets 1,755 1,900
Market risk benefits asset 134 88
Lease assets 348 348
Other intangible assets, net 5,758 4,627
Title plants 422 418
Property and equipment, net 174 168
Total assets 94,672 80,614
Liabilities:    
Contractholder funds 55,468 48,798
Future policy benefits 8,268 7,050
Accounts payable and accrued liabilities 4,375 3,009
Market risk benefits liability 603 403
Notes payable 4,186 3,887
Reserve for title claim losses 1,720 1,770
Funds withheld for reinsurance liabilities 9,980 7,083
Secured trust deposits 766 731
Lease liabilities 383 394
Income taxes payable 21 0
Deferred tax liability 0 29
Total liabilities 85,770 73,154
Equity:    
FNF common stock, $0.0001 par value; authorized 600 shares as of September 30, 2024 and December 31, 2023; outstanding of 274 and 273 as of September 30, 2024 and December 31, 2023, respectively 0 0
Preferred stock, $0.0001 par value; authorized 50 shares; issued and outstanding, none 0 0
Additional paid-in capital 5,965 5,913
Retained earnings 5,671 5,244
Accumulated other comprehensive loss (1,423) (2,119)
Treasury stock, 56 shares as of September 30, 2024 and December 31, 2023, at cost (2,131) (2,130)
Total Fidelity National Financial, Inc. shareholders’ equity 8,082 6,908
Non-controlling interests 820 552
Total equity 8,902 7,460
Total liabilities and equity $ 94,672 $ 80,614
Common stock, shares, outstanding (in shares) 274 273
Preferred securities    
Investments:    
Securities, at fair value $ 460 $ 621
Equity securities    
Investments:    
Securities, at fair value $ 729 $ 766