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Largest US title insurance company, insuring property titles for real estate transactions and providing escrow/settlement services.
Largest US title insurance company, insuring property titles for real estate transactions and providing escrow/settlement services.
Premiums are paid once, at the closing of a property sale or refinancing, so title revenue follows housing transactions rather than recurring renewals. The F&G annuity and life insurance arm, listed separately in 2022 with FNF keeping a majority, earns a spread on policyholder money and is less tied to housing.
Moat: narrow (scale, distribution, regulatory licence). Largest title-plant/agent network in the US gives cost and data advantages, though title insurance volume tracks the housing cycle.
Headquarters: Jacksonville, Florida, United States · Founded: 1847 · Employees: 24,535
Size Fidelity National Financial, Inc. - FNF (FNF) is a United States Financials company (Specialty Insurance) with a market value of $11.8B, the 704th largest of 3,117 United States companies the cockpit tracks. Shares closed at $43.84 on 6 Nov 2026.
Performance Over six months the shares fell 13.3%, against -3.8% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 9 in its peer set.
Growth Revenue grew 12.7% over the last twelve months (peer median +7.8%); the operating margin is 12.9% (peer median 32.6%).
Valuation It trades at 1.58× book value against a peer median of 1.14× (4th most expensive of 9).
Price implies The share price implies a return on equity of about 13.4%; Fidelity National Financial, Inc. - FNF delivers 10.1%, so the price asks more than the business earns today.
Credit Fidelity National Financial, Inc. - FNF has 4 bonds outstanding ($2.15B), rated BBB by the agencies and trading like BBB- at a weighted spread of 119 bp.
Short interest Short interest is 4.5% of the free float (15 Oct 2026).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $15.4B | $14.5B | $13.7B | $11.8B | $11.6B |
| Revenue growth | — | +6% | +16% | +2% | — |
| Net income | $772M | $602M | $1.27B | $517M | $1.29B |
| Free cash flow | $6.29B | $6.38B | $7.29B | $6.77B | $4.55B |
| Capital expenditure | $135M | $147M | $146M | $132M | $138M |
| Total debt | $4.74B | $4.77B | $4.71B | $4.28B | $3.66B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Fidelity National Financial, Inc. - FNF FNF | $11.8B | -13% | +13% | 10% | 1.58× | 13.4% |
| First American Financial FAF | $6.84B | -6% | +14% | 14% | 1.27× | 13.2% |
| Old Republic International ORI | $9.50B | +1% | +11% | 18% | 1.62× | 10.4% |
| Stewart Information Services STC | $1.43B | -33% | +21% | 8% | 0.86× | 9.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FNF | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.2% | +4.6% | 2nd highest of 9 |
| 6-month return | -13.3% | -3.8% | 2nd lowest of 9 |
| Return on equity | 10.1% | 12.9% | 3rd lowest of 9 |
| Price / book | 1.58× | 1.14× | 4th most expensive of 9 |
| Trailing P/E | 15.3× | 9.3× | 3rd most expensive of 9 |
| ROE the price implies | 13.4% | 8.8% | 2nd most demanding of 9 |
| ROE delivered | 10.1% | 12.8% | 3rd lowest of 9 |
| Bond spread | 119 bp | 118 bp | 4th tightest of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Fidelity National Financial, Inc. - FNF FNF | United States | $11.8B | -13% | +13% | 10% | 1.58× | 13.4% | 10.1% |
| Old Republic International ORI | United States | $9.50B | +1% | +11% | 18% | 1.62× | 10.4% | 17.9% |
| ICICI Lombard General Insurance ICICIGI.NS | India | $8.80B | -11% | +14% | 15% | 4.38× | 53.9% | 14.7% |
| First American Financial FAF | United States | $6.84B | -6% | +14% | 14% | 1.27× | 13.2% | 13.7% |
| General Insurance Corporation of India GICRE.NS | India | $6.37B | -14% | -1% | 9% | 0.60× | 8.9% | 9.1% |
| Essent ESNT | United States | $5.70B | 0% | +4% | 12% | 1.01× | 8.5% | 12.0% |
| Radian RDN | United States | $4.76B | -5% | +28% | 12% | 1.00× | 8.3% | 12.0% |
| Intact Financial IFC.TO | Canada | $34.7B | +9% | +2% | 14% | 2.48× | 8.7% | 14.4% |
| Assured Guaranty AGO | United States | $3.23B | -2% | +3% | 6% | 0.58× | 6.0% | 6.3% |
Fidelity National Financial, Inc. - FNF has 4 bonds outstanding with $2.15B face value. The agencies rate it BBB; its bonds trade like BBB-. Weighted yield 5.88%, a spread of 119 bp over government bonds.