v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Investments:    
Fixed maturity securities available for sale, at fair value, as of March 31, 2026 and December 31, 2025, at an amortized cost of $57,703 and $57,161, respectively, net of allowance for credit losses of $91 and $112, respectively, and includes pledged fixed maturity securities of $470 and $446, respectively, related to secured trust deposits $ 54,407 $ 54,561
Fixed maturity securities, at fair value under the fair value option 93 0
Derivative investments 898 1,156
Mortgage loans, net of allowance of $97 and $86 as of March 31, 2026 and December 31, 2025, respectively 8,459 7,891
Investments in unconsolidated affiliates (2026 and 2025 includes $270 and $262 related to investments held by consolidated variable interest entities ("VIEs") and 2026 and 2025 include certain investments at fair value of $260 and $270, respectively) 5,299 5,166
Other long-term investments (2026 and 2025 include $246 and $248 related to investments held by consolidated VIEs) 1,579 1,572
Short-term investments (2026 and 2025 include $33 and $116 related to investments held by consolidated VIEs) 1,655 1,920
Total investments 73,232 73,195
Cash and cash equivalents, as of March 31, 2026 and December 31, 2025 includes $329 and $261, respectively, of pledged cash related to secured trust deposits (2026 and 2025 include $1 and $2 related to investments held by consolidated VIEs) 2,467 2,636
Trade and notes receivables, net of allowance of $30 and $31 as of March 31, 2026 and December 31, 2025, respectively 473 473
Reinsurance recoverable, net of allowance of $18 and $18 as of March 31, 2026 and December 31, 2025, respectively 19,979 17,551
Goodwill 5,216 5,272
Prepaid expenses and other assets 2,116 2,012
Market risk benefits asset 308 285
Lease assets 336 336
Other intangible assets, net 6,761 6,641
Title plants 424 424
Property and equipment, net 187 189
Total assets 111,499 109,014
Liabilities:    
Contractholder funds 63,474 62,726
Future policy benefits 10,748 10,755
Accounts payable and accrued liabilities 3,344 3,828
Market risk benefits liability 968 903
Notes payable 4,402 4,400
Reserve for title claim losses 1,704 1,700
Funds withheld for reinsurance liabilities 16,487 14,191
Secured trust deposits 802 731
Lease liabilities 367 368
Income taxes payable 46 1
Deferred tax liability 438 439
Total liabilities 102,780 100,042
Equity:    
FNF common stock, $0.0001 par value; authorized 600 shares as of March 31, 2026 and December 31, 2025; outstanding of 269 and 271 as of March 31, 2026 and December 31, 2025, respectively 0 0
Preferred stock, $0.0001 par value; authorized 50 shares; issued and outstanding, none 0 0
Additional paid-in capital 6,068 6,042
Retained earnings 5,586 5,484
Accumulated other comprehensive loss (1,895) (1,678)
Treasury stock, 63 and 61 shares as of March 31, 2026 and December 31, 2025, respectively, at cost (2,505) (2,424)
Total Fidelity National Financial, Inc. shareholders’ equity 7,254 7,424
Non-controlling interests 1,465 1,548
Total equity 8,719 8,972
Total liabilities and equity 111,499 109,014
Preferred equity securities    
Investments:    
Securities, at fair value 432 436
Equity securities    
Investments:    
Securities, at fair value $ 410 $ 493