XML 42 R3.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Investments:    
Fixed maturity securities available for sale, at fair value, as of December 31, 2024 and 2023, at an amortized cost of $51,681 and $45,606, respectively, net of allowance for credit losses of $67 and $42, respectively, and includes pledged fixed maturity securities of $495 and $489, respectively, related to secured trust deposits $ 48,218 $ 42,373
Derivative investments 794 797
Mortgage loans, net of allowance for credit losses of $70 and $66 as of December 31, 2024 and 2023, respectively 5,926 5,336
Investments in unconsolidated affiliates 3,731 3,334
Other long-term investments 811 703
Short-term investments 3,050 2,119
Total investments 63,615 56,049
Cash and cash equivalents, as of December 31, 2024 and 2023 includes $69 and $262, respectively, of pledged cash related to secured trust deposits 3,479 2,767
Trade and notes receivables, net of allowance of $32 as of December 31, 2024 and 2023, respectively 471 442
Reinsurance recoverable, net of allowance for credit losses of $20 and $21 at December 31, 2024 and 2023, respectively 13,380 8,977
Goodwill 5,271 4,830
Prepaid expenses and other assets 2,047 1,900
Market risk benefits assets 189 88
Lease assets 351 348
Other intangible assets, net 5,976 4,627
Title plants 420 418
Property and equipment, net 173 168
Total assets 95,372 80,614
Liabilities:    
Contractholder funds 56,404 48,798
Future policy benefits 8,749 7,050
Accounts payable and accrued liabilities 3,249 3,009
Market risk benefits liability 549 403
Notes payable 4,321 3,887
Reserve for title claim losses 1,713 1,770
Funds withheld for reinsurance liabilities 10,867 7,083
Secured trust deposits 551 731
Lease liabilities 385 394
Income taxes payable 52 0
Deferred tax liability 0 29
Total liabilities 86,840 73,154
Equity:    
FNF common stock, $0.0001 par value; authorized 600 shares as of December 31, 2024 and 2023, respectively; outstanding of 275 and 273 as of December 31, 2024 and 2023, respectively, and issued of 331 and 329 as of December 31, 2024 and 2023, respectively 0 0
Preferred stock, $0.0001 par value; authorized 50 shares; issued and outstanding, none 0 0
Additional paid-in capital 5,976 5,913
Retained earnings 5,982 5,244
Accumulated other comprehensive earnings (2,052) (2,119)
Less: Treasury stock, 56 shares as of December 31, 2024 and 2023, at cost (2,152) (2,130)
Total Fidelity National Financial, Inc. shareholders’ equity 7,754 6,908
Non-controlling interests 778 552
Total equity 8,532 7,460
Total liabilities and equity 95,372 80,614
Preferred securities    
Investments:    
Securities, at fair value 443 621
Equity securities    
Investments:    
Securities, at fair value $ 642 $ 766