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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Investments:    
Fixed maturity securities available for sale, at fair value, as of September 30, 2025 and December 31, 2024, at an amortized cost of $55,913 and $51,681, respectively, net of allowance for credit losses of $102 and $67, respectively, and includes pledged fixed maturity securities of $462 and $495, respectively, related to secured trust deposits $ 53,501 $ 48,218
Derivative investments 1,228 794
Mortgage loans, net of allowance of $77 and $70 as of September 30, 2025 and December 31, 2024, respectively 7,391 5,926
Investments in unconsolidated affiliates 4,925 3,731
Other long-term investments 1,287 811
Short-term investments 1,663 3,050
Total investments 70,885 63,615
Cash and cash equivalents, as of September 30, 2025 and December 31, 2024 includes $273 and $69, respectively, of pledged cash related to secured trust deposits 3,494 3,479
Trade and notes receivables, net of allowance of $35 and $32 as of September 30, 2025 and December 31, 2024, respectively 475 471
Reinsurance recoverable, net of allowance of $18 and $20 as of September 30, 2025 and December 31, 2024, respectively 16,848 13,380
Goodwill 5,272 5,271
Prepaid expenses and other assets 1,998 1,938
Market risk benefits asset 242 189
Lease assets 340 351
Other intangible assets, net 6,471 5,976
Title plants 421 420
Property and equipment, net 190 173
Total assets 106,636 95,263
Liabilities:    
Contractholder funds 61,798 56,404
Future policy benefits 10,055 8,749
Accounts payable and accrued liabilities 3,778 3,249
Market risk benefits liability 830 549
Notes payable 4,398 4,321
Reserve for title claim losses 1,708 1,713
Funds withheld for reinsurance liabilities 13,582 10,758
Secured trust deposits 734 551
Lease liabilities 372 385
Income taxes payable 47 52
Total liabilities 97,302 86,731
Equity:    
FNF common stock, $0.0001 par value; authorized 600 shares as of September 30, 2025 and December 31, 2024; outstanding of 271 and 275 as of September 30, 2025 and December 31, 2024, respectively 0 0
Preferred stock, $0.0001 par value; authorized 50 shares; issued and outstanding, none 0 0
Additional paid-in capital 6,044 5,976
Retained earnings 6,293 5,982
Accumulated other comprehensive loss (1,606) (2,052)
Treasury stock, 60 and 56 shares as of September 30, 2025 and December 31, 2024, respectively, at cost (2,376) (2,152)
Total Fidelity National Financial, Inc. shareholders’ equity 8,355 7,754
Non-controlling interests 979 778
Total equity 9,334 8,532
Total liabilities and equity 106,636 95,263
Preferred securities    
Investments:    
Securities, at fair value 449 443
Equity securities    
Investments:    
Securities, at fair value $ 441 $ 642