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Schedule II - Condensed Financial Information
 12 Months Ended
Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]  
Schedule II - Condensed Financial Information
SCHEDULE II
FIDELITY NATIONAL FINANCIAL, INC.
(Parent Company)

BALANCE SHEETS
(In millions)
 December 31,
 20242023
ASSETS
Cash$534 $397 
Short-term investments252 487 
Investment in unconsolidated affiliates3 3 
Notes receivable212 268 
Investments in and amounts due from subsidiaries8,882 7,949 
Property and equipment, net2 3 
Prepaid expenses and other assets433 318 
Total assets$10,318 $9,425 
LIABILITIES AND EQUITY
Liabilities:  
Accounts payable and other accrued liabilities$385 $358 
Income taxes payable51 — 
Deferred tax liability— 29 
Notes payable2,128 2,126 
Total liabilities2,564 2,513 
Equity:  
FNF common stock, $0.0001 par value; authorized 600 shares as of December 31, 2024 and 2023; 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
— — 
Preferred stock, $0.0001 par value; authorized 50,000,000 shares; issued and outstanding, none
— — 
Additional paid-in capital5,976 5,913 
Retained earnings5,982 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)(2,126)
Total equity of Fidelity National Financial, Inc. common shareholders7,754 6,912 
Total liabilities and equity$10,318 $9,425 
SCHEDULE II

FIDELITY NATIONAL FINANCIAL, INC.
(Parent Company)

STATEMENTS OF EARNINGS AND RETAINED EARNINGS
 Year Ended December 31,
 202420232022
 (In millions, except per share data)
Revenues:   
Other fees and revenue$38 $33 $(37)
Interest and investment income and realized gains76 74 43 
Recognized gains and losses, net2 (31)(42)
Total revenues116 76 (36)
Expenses:   
Personnel expenses94 70 (11)
Other operating expenses28 47 15 
Interest expense76 77 92 
Total expenses198 194 96 
Losses before income tax benefit and equity in earnings of subsidiaries(82)(118)(132)
Income tax benefit(20)(29)(33)
Losses before equity in earnings of subsidiaries(62)(89)(99)
Equity in earnings of subsidiaries1,332 606 1,393 
Net earnings attributable to Fidelity National Financial, Inc. common shareholders$1,270 $517 $1,294 
Retained earnings, beginning of year$5,244 $5,225 $4,818 
Dividends declared(532)(498)(490)
Distribution of F&G to FNF common shareholders— — (397)
Net earnings attributable to Fidelity National Financial, Inc. common shareholders1,270 517 1,294 
Retained earnings, end of year$5,982 $5,244 $5,225 
SCHEDULE II
FIDELITY NATIONAL FINANCIAL, INC.
(Parent Company)

STATEMENTS OF CASH FLOWS
 Year Ended December 31,
 202420232022
 (In millions)
Cash Flows From Operating Activities:   
Net earnings$1,270 $517 $1,294 
Adjustments to reconcile net earnings to net cash provided by operating activities:
Equity in earnings of subsidiaries(1,332)(606)(1,393)
Depreciation and amortization1 1 1 
Stock-based compensation82 57 48 
Net change in income taxes5 (262)748 
Net (increase) decrease in prepaid expenses and other assets(113)(72)41 
Net increase (decrease) in accounts payable and other accrued liabilities27 70 (51)
Net cash (used in) provided by operating activities(60)(295)688 
Cash Flows From Investing Activities:   
Purchase of F&G preferred stock(250)— — 
Net proceeds from (purchases of) short-term investment activities235 82 (509)
Additions to notes receivable(1)(12)(87)
Collection of notes receivable55 47 79 
Net cash provided by (used in) investing activities39 117 (517)
Cash Flows From Financing Activities:   
Debt service payments— — (400)
Dividends paid(532)(500)(489)
Purchases of treasury stock— (6)(553)
Exercise of stock options21 15 39 
Payment for shares withheld for taxes and in treasury(22)(17)(15)
Additional investments in non-controlling interests(12)(12)(2)
Net dividends from subsidiaries703 689 140 
Net cash provided by (used in) financing activities158 169 (1,280)
Net change in cash and cash equivalents137 (9)(1,109)
Cash at beginning of year397 406 1,515 
Cash at end of year$534 $397 $406 
See Notes to Financial Statements 
SCHEDULE II

FIDELITY NATIONAL FINANCIAL, INC.
(Parent Company)
 
NOTES TO FINANCIAL STATEMENTS

A.    Summary of Significant Accounting Policies
Fidelity National Financial, Inc. transacts substantially all of its business through its subsidiaries. The Parent Company Financial Statements should be read in connection with the aforementioned Consolidated Financial Statements and Notes thereto included elsewhere herein.
B.    Notes Payable
Notes payable consist of the following:
 December 31,
 20242023
 (In millions)
4.50% Notes, net of discount
$447 $446 
3.40% Notes, net of discount
646 644 
2.45% Notes, net of discount
595 594 
3.20% Notes, net of discount
444 444 
Revolving credit facility (4)(2)
 $2,128 $2,126 
C.    Supplemental Cash Flow Information
 Year Ended December 31,
 202420232022
 (In millions)
Cash paid during the year:   
Interest paid$73 $73 $95 
Income tax payments229 213 459 
D.     Cash Dividends Received
We have received cash dividends from our title insurance underwriters and F&G of $0.6 billion, $0.4 billion, and $0.8 billion during the years ended December 31, 2024, 2023 and 2022, respectively.