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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Investments:    
Fixed maturity securities available for sale, at fair value, as of March 31, 2025 and December 31, 2024, at an amortized cost of $52,973 and $51,681, respectively, net of allowance for credit losses of $85 and $67, respectively, and includes pledged fixed maturity securities of $462 and $495, respectively, related to secured trust deposits $ 49,824 $ 48,218
Derivative investments 705 794
Mortgage loans, net of allowance for credit losses of $73 and $70 as of March 31, 2025 and December 31, 2024, respectively 6,366 5,926
Investments in unconsolidated affiliates 4,302 3,731
Other long-term investments 833 811
Short-term investments 1,161 3,050
Total investments 64,167 63,615
Cash and cash equivalents, as of March 31, 2025 and December 31, 2024 includes $155 and $69, respectively, of pledged cash related to secured trust deposits 4,484 3,479
Trade and notes receivables, net of allowance for credit losses of $32 as of March 31, 2025 and December 31, 2024 421 471
Reinsurance recoverable, net of allowance for credit losses of $20 as of March 31, 2025 and December 31, 2024 14,756 13,380
Goodwill 5,271 5,271
Prepaid expenses and other assets 1,858 1,938
Market risk benefits asset 187 189
Lease assets 343 351
Other intangible assets, net 6,113 5,976
Title plants 421 420
Property and equipment, net 188 173
Total assets 98,209 95,263
Liabilities:    
Contractholder funds 57,823 56,404
Future policy benefits 9,065 8,749
Accounts payable and accrued liabilities 3,271 3,249
Market risk benefits liability 635 549
Notes payable 4,394 4,321
Reserve for title claim losses 1,695 1,713
Funds withheld for reinsurance liabilities 11,442 10,758
Secured trust deposits 628 551
Lease liabilities 376 385
Income taxes payable 83 52
Total liabilities 89,412 86,731
Equity:    
FNF common stock, $0.0001 par value; authorized 600 shares as of March 31, 2025 and December 31, 2024; outstanding of 275 as of March 31, 2025 and December 31, 2024 0 0
Preferred stock, $0.0001 par value; authorized 50 shares; issued and outstanding, none 0 0
Additional paid-in capital 6,008 5,976
Retained earnings 5,928 5,982
Accumulated other comprehensive loss (1,866) (2,052)
Treasury stock, 57 and 56 shares as of March 31, 2025 and December 31, 2024, at cost (2,177) (2,152)
Total Fidelity National Financial, Inc. shareholders’ equity 7,893 7,754
Non-controlling interests 904 778
Total equity 8,797 8,532
Total liabilities and equity 98,209 95,263
Preferred securities    
Investments:    
Securities, at fair value 429 443
Equity securities    
Investments:    
Securities, at fair value $ 547 $ 642