Earnings summaries and quarterly performance for Fidelity National Financial.
Executive leadership at Fidelity National Financial.
Michael J. Nolan
Detailed
Chief Executive Officer
CEO
AJ
Anthony J. Park
Detailed
Executive Vice President and Chief Financial Officer
ML
Michael L. Gravelle
Detailed
Executive Vice President, General Counsel and Corporate Secretary
PT
Peter T. Sadowski
Detailed
Executive Vice President and Chief Legal Officer
RR
Raymond R. Quirk
Detailed
Executive Vice-Chairman
Board of directors at Fidelity National Financial.
CH
Cary H. Thompson
Detailed
Director
DD
Daniel D. (Ron) Lane
Detailed
Director
DK
Douglas K. Ammerman
Detailed
Lead Independent Director
HD
Halim Dhanidina
Detailed
Director
HH
Heather H. Miller
Detailed
Director
JD
John D. Rood
Detailed
Director
PO
Peter O. Shea, Jr.
Detailed
Director
SD
Sandra D. Morgan
Detailed
Director
TM
Thomas M. Hagerty
Detailed
Director
WP
William P. Foley, II
Detailed
Chairman of the Board
Research analysts who have asked questions during Fidelity National Financial earnings calls.
Bose George
Keefe, Bruyette & Woods
7 questions for FNF
Also covers: ACT, AGM, AGNC +25 more
MH
Mark Hughes
Truist Securities
7 questions for FNF
Also covers: AIZ, AJG, AMBC +42 more
Mark DeVries
Deutsche Bank
5 questions for FNF
Also covers: ALLY, AXP, BUR +9 more
GD
Geoffrey Dunn
Dowling & Partners
4 questions for FNF
Also covers: AGO, ESNT, FAF +3 more
TM
Terry Ma
Barclays
4 questions for FNF
Also covers: AER, AL, AXP +16 more
John Campbell
Stephens Inc.
3 questions for FNF
Also covers: CNNE, CSGP, DSGX +10 more
JD
Jeffrey Dunn
Dowling & Partners
2 questions for FNF
Also covers: STC
MD
Michael Dunlevy
Deutsche Bank
2 questions for FNF
ON
Oscar Nieves
Stephens
2 questions for FNF
Also covers: FAF, STC
Recent press releases and 8-K filings for FNF.
Fidelity National Financial Reports Strong Q4 and Full-Year 2025 Results, Positive 2026 Outlook
FNF
Earnings
Dividends
Share Buyback
- Fidelity National Financial (FNF) reported Q4 2025 adjusted net earnings of $382 million, or $1.41 per diluted share, and full-year 2025 adjusted net earnings of $1.4 billion, marking a 7% increase over 2024.
- The Title segment achieved Q4 2025 adjusted pre-tax earnings of $401 million with an industry-leading margin of 17.5%, significantly boosted by a 27% increase in direct commercial revenue compared to Q4 2024.
- FNF returned approximately $800 million of capital to shareholders in 2025, comprising $546 million in common dividends and $251 million in share repurchases, and increased its quarterly cash dividend by 4% to $0.52 per common share.
- The company completed the distribution of approximately 12% of F&G's outstanding shares to FNF shareholders, while retaining approximately 70% ownership.
- Management expressed an optimistic outlook for 2026, anticipating increased volume in purchase and refinance activity due to lower mortgage rates, and expects commercial activity to be as good or better than 2025.
7 days ago
Fidelity National Financial Reports Strong Q4 and Full-Year 2025 Results
FNF
Earnings
Dividends
Share Buyback
- Fidelity National Financial reported Q4 2025 adjusted net earnings of $382 million, or $1.41 per diluted share, and full-year 2025 adjusted net earnings of $1.4 billion, marking a 7% increase over 2024.
- The Title segment achieved Q4 2025 adjusted pre-tax title earnings of $401 million and an adjusted pre-tax title margin of 17.5%, driven by a 27% increase in direct commercial revenue compared to Q4 2024.
- The F&G segment's assets under management grew to $73.1 billion at year-end 2025, up 12% year-over-year, and contributed 30% of FNF's adjusted net earnings for the full year. FNF also distributed approximately 12% of F&G's common stock to shareholders, retaining 70% ownership.
- FNF returned approximately $800 million of capital to shareholders in 2025, including $546 million in common dividends and $251 million in share repurchases. The board approved a 4% increase in the quarterly cash dividend to $0.52 per common share.
- Management expressed optimism for 2026, anticipating increased volume in purchase and refinance, and commercial activity to be as good or better, with potential for title margins to move into the middle of the 15%-20% range.
7 days ago
Fidelity National Financial Reports Strong Q4 and Full-Year 2025 Results
FNF
Earnings
Dividends
Share Buyback
- Fidelity National Financial (FNF) reported $4.1 billion in total revenue (excluding net recognized gains and losses) and $382 million, or $1.41 per diluted share, in adjusted net earnings for Q4 2025. For the full year 2025, total revenue (excluding gains and losses) was $14.5 billion, up 7% over 2024, with adjusted net earnings of $1.4 billion, also up 7%.
- The Title segment delivered $401 million in adjusted pre-tax earnings and an industry-leading 17.5% adjusted pre-tax margin in Q4 2025. Full-year 2025 adjusted pre-tax title earnings were $1.4 billion with a 15.9% margin. Direct commercial revenue reached $479 million in Q4 2025, a 27% increase over Q4 2024, and $1.5 billion for the full year.
- F&G's assets under management (AUM) before flow reinsurance grew to $73.1 billion at year-end 2025, up 12% over the prior year. FNF distributed approximately 12% of F&G's outstanding shares to FNF shareholders, retaining a 70% majority ownership.
- FNF returned approximately $800 million to shareholders in 2025 through common dividends ($546 million) and share repurchases ($251 million), and increased its quarterly cash dividend by 4% to $0.52 per common share.
- Management expressed an optimistic outlook for 2026, anticipating increased volume in purchase and refinance driven by lower mortgage rates, with commercial revenue expected to be as good or better than 2025. The company also expects more M&A activity in 2026.
7 days ago
Fidelity National Financial Reports Strong FY2025 and 4Q25 Financial Results
FNF
Earnings
Dividends
Share Buyback
- Fidelity National Financial reported consolidated Adjusted Net Earnings (ANE) of $1.352 billion, or $4.97 per diluted share, for FY2025, representing a 7% increase from FY2024. For the fourth quarter of 2025 (4Q25), consolidated ANE was $382 million, or $1.41 per diluted share, up 4% from 4Q24.
- The company's F&G Segment achieved gross sales of $14.6 billion in FY2025 and recorded Assets Under Management (AUM) before flow reinsurance of $73.1 billion at year-end 2025, an increase of 12% compared to year-end 2024. This segment contributed 30% of FNF's adjusted net earnings in FY2025.
- FNF's Title Segment demonstrated strong performance with an adjusted pre-tax title margin of 15.9% for FY2025 and 17.5% for 4Q25, highlighting its ability to execute in dynamic market conditions and consistently deliver industry-leading margins.
- The company maintained a strong balance sheet with a debt-to-capitalization ratio excluding AOCI of 29.2% as of December 31, 2025, which is within its targeted range of 20% to 30%. FNF also relaunched share repurchases in early 2025 and reported $546 million in common dividends for 2025.
8 days ago
Fidelity National Financial Reports Q4 and Full Year 2025 Financial Results
FNF
Earnings
Dividends
Share Buyback
- Fidelity National Financial (FNF) reported adjusted net earnings of $382 million, or $1.41 per share, for Q4 2025, and $1.4 billion, or $4.97 per share, for the full year 2025, with total revenue reaching $4,051 million in Q4 2025 and $14,445 million for the full year.
- The company recorded a net loss attributable to common shareholders of $117 million, or $0.43 per diluted share, for Q4 2025, primarily due to a $471 million noncash deferred income tax charge from the F&G share distribution.
- FNF completed a special distribution of approximately 12% ownership of F&G to FNF shareholders on December 31, 2025, valued at approximately $500 million, while retaining a 70% equity ownership stake in F&G.
- The company returned approximately $170 million of capital to shareholders in Q4 2025 and $800 million for the full year 2025 through common stock dividends and share repurchases.
- The Title Segment contributed $306 million to adjusted net earnings in Q4 2025 with an adjusted pre-tax title margin of 17.5%, while the F&G Segment contributed $104 million and saw assets under management before flow reinsurance grow to $73.1 billion.
Feb 19, 2026, 9:50 PM
Fidelity National Financial Reports Fourth Quarter and Full Year 2025 Financial Results
FNF
Earnings
Dividends
Share Buyback
- Fidelity National Financial (FNF) reported adjusted net earnings of $382 million, or $1.41 per share, for the fourth quarter of 2025, and $1.4 billion, or $4.97 per share, for the full year 2025, an increase from $366 million ($1.34 per share) and $1.3 billion ($4.63 per share) in the respective 2024 periods.
- The company recorded a net loss attributable to common shareholders of $117 million, or $0.43 per diluted share, for the fourth quarter of 2025, and net earnings of $602 million, or $2.21 per share, for the full year 2025, primarily due to a $471 million noncash deferred income tax charge related to the distribution of F&G shares.
- FNF completed a special dividend of approximately 12% ownership of F&G to FNF shareholders on December 31, 2025, representing approximately $500 million of value, while retaining an approximate 70% equity ownership stake in F&G.
- The Title Segment achieved an adjusted pre-tax title margin of 17.5% for the fourth quarter of 2025 and 15.9% for the full year 2025. The F&G Segment grew assets under management (AUM) before flow reinsurance by 12% to $73.1 billion at the end of the fourth quarter of 2025.
- FNF returned approximately $800 million of capital to shareholders in full year 2025, including $546 million in common stock dividends and $251 million in share repurchases.
Feb 19, 2026, 9:46 PM
Fidelity National Financial Announces Final Distribution Ratio for F&G Share Distribution
FNF
Dividends
- Fidelity National Financial, Inc. (FNF) has determined the final distribution ratio for its special stock distribution of F&G Annuities & Life, Inc. (F&G) common stock to FNF shareholders.
- FNF shareholders of record as of December 17, 2025, will receive six shares of F&G common stock for every 100 shares of FNF common stock they hold.
- The distribution, consisting of 16,280,204 shares of F&G common stock (approximately 12% of F&G's outstanding shares), is scheduled for December 31, 2025.
- This distribution is expected to be treated as a taxable dividend for U.S. federal income tax purposes.
- Following the distribution, FNF will retain an approximate 70% ownership stake in F&G.
Dec 18, 2025, 9:18 PM
Fidelity National Financial Announces Final Distribution Ratio for F&G Stock
FNF
Dividends
- Fidelity National Financial (FNF) announced the final distribution ratio for a special stock distribution of 16,280,204 shares of F&G common stock, which represents approximately 12% of F&G's outstanding shares.
- FNF shareholders of record as of December 17, 2025, will receive six shares of F&G common stock for every 100 shares of FNF common stock held.
- The distribution will be made on December 31, 2025, and is expected to be treated as a taxable dividend for U.S. federal income tax purposes.
Dec 18, 2025, 9:14 PM
Fidelity National Financial Discusses Strong Order Trends, Margin Outlook, and F&G Share Distribution
FNF
Guidance Update
Dividends
Revenue Acceleration/Inflection
- Fidelity National Financial reported strong November 2025 order trends, with purchase orders up 5% daily, refinance opens up 54%, and commercial opens up 14% compared to November 2024.
- The company achieved a 17.8% margin in Q3 2025 and anticipates 2025 margins to outperform 2024. For 2026, the base case projects better margins than 2025, driven by an expected 10% improvement in existing home sales (forecasted at 4.4-4.5 million), stable to positive refi and commercial markets, and stable or declining interest rates.
- The commercial pipeline is robust, with open orders consistently in the mid to higher 800s a day in 2025, and November 2025 reaching 891 commercial open orders a day. 2025 commercial revenue is expected to exceed $1.4 billion, with 2026 potentially surpassing $1.5 billion.
- Refinance activity, which constituted 7% of direct revenue in Q1-Q3 2025, saw a significant increase to 2,100 open refinances a day in September 2025. The company foresees further substantial growth if interest rates decline into the 5s.
- FNF distributed an additional 12% of its F&G ownership to FNF shareholders as a dividend, increasing F&G's public float to 30% (approximately $1 billion). FNF will retain a 70% ownership stake post-distribution, which prevents a tax-free spin-off of the remaining shares.
Dec 3, 2025, 3:00 PM
Fidelity National Financial Reports Strong Order Trends and Positive 2026 Outlook, Announces F&G Share Distribution
FNF
Guidance Update
Dividends
Revenue Acceleration/Inflection
- Fidelity National Financial (FNF) reported strong order trends for November 2025 compared to the prior year, with purchase orders up 5% daily, refinance opens up 54%, and commercial opens up 14%. Commercial opens in November were the second best of the year, indicating strength going into 2026.
- The company expects to outperform 2024 margins for the full year 2025 and projects better margins in 2026 compared to 2025, assuming stable or declining rates and improved existing home sales. The normalized margin range remains 15%-20%.
- FNF anticipates 2025 commercial revenue to exceed $1.4 billion, making it the third-best year ever, with potential for 2026 to surpass $1.5 billion. The refinance market, which was 7% of direct revenue in Q3 2025, could see a doubling of activity in 2026 if rates remain stable or decline, with further upside if rates drop to the 5s.
- At the end of Q3 2025, FNF's holding company cash stood at $735 million. The company recently raised its common dividend (annual commitment of ~$560-$565 million) and plans opportunistic share buybacks and M&A, generating $900 million-$1 billion in annual cash flow to the holding company in a normal year.
- The board approved distributing an additional 12% of F&G shares as a dividend to FNF shareholders, increasing F&G's public float to 30% while FNF retains a 70% ownership stake.
Dec 3, 2025, 3:00 PM
Quarterly earnings call transcripts for Fidelity National Financial.
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