v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Investments:    
Fixed maturity securities available for sale, at fair value, as of June 30, 2026 and December 31, 2025, at an amortized cost of $57,287 and $57,161, respectively, net of allowance for credit losses of $78 and $112, respectively, and includes pledged fixed maturity securities of $470 and $446, respectively, related to secured trust deposits $ 54,273 $ 54,561
Fixed maturity securities, at fair value under the fair value option 94 0
Derivative investments 1,315 1,156
Mortgage loans, net of allowance of $108 and $86 as of June 30, 2026 and December 31, 2025, respectively 9,265 7,891
Investments in unconsolidated affiliates (2026 and 2025 includes $277 and $262 related to investments held by consolidated variable interest entities ("VIEs") and 2026 and 2025 include certain investments at fair value of $267 and $270, respectively) 5,247 5,166
Other long-term investments (2026 and 2025 include $264 and $248 related to investments held by consolidated VIEs) 1,630 1,572
Short-term investments (2026 and 2025 include $34 and $116 related to investments held by consolidated VIEs) 981 1,920
Total investments 73,941 73,195
Cash and cash equivalents, as of June 30, 2026 and December 31, 2025 includes $546 and $261, respectively, of pledged cash related to secured trust deposits 3,582 2,636
Trade and notes receivables, net of allowance of $25 and $31 as of June 30, 2026 and December 31, 2025, respectively 526 473
Reinsurance recoverable, net of allowance of $19 and $18 as of June 30, 2026 and December 31, 2025, respectively 20,879 17,551
Goodwill 5,216 5,272
Prepaid expenses and other assets 2,184 2,012
Market risk benefits asset 364 285
Lease assets 336 336
Other intangible assets, net 6,887 6,641
Title plants 425 424
Property and equipment, net 188 189
Total assets 114,528 109,014
Liabilities:    
Contractholder funds 64,398 62,726
Future policy benefits 10,856 10,755
Accounts payable and accrued liabilities 3,941 3,828
Market risk benefits liability 1,102 903
Notes payable 4,378 4,400
Reserve for title claim losses 1,715 1,700
Funds withheld for reinsurance liabilities 17,457 14,191
Secured trust deposits 1,016 731
Lease liabilities 364 368
Income taxes payable 41 1
Deferred tax liability 451 439
Total liabilities 105,719 100,042
Equity:    
FNF common stock, $0.0001 par value; authorized 600 shares as of June 30, 2026 and December 31, 2025; outstanding of 268 and 271 as of June 30, 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 6,088 6,042
Retained earnings 5,734 5,484
Accumulated other comprehensive loss ("AOCL") (1,807) (1,678)
Treasury stock, 64 and 61 shares as of June 30, 2026 and December 31, 2025, respectively, at cost (2,562) (2,424)
Total Fidelity National Financial, Inc. shareholders’ equity 7,453 7,424
Non-controlling interests 1,356 1,548
Total equity 8,809 8,972
Total liabilities and equity 114,528 109,014
Preferred equity securities    
Investments:    
Securities, at fair value 391 436
Equity securities    
Investments:    
Securities, at fair value $ 745 $ 493