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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Investments:    
Fixed maturity securities available for sale, at fair value, at December 31, 2022 and December 31, 2021, at an amortized cost of $37,708 and $30,705, respectively, net of allowance for credit losses of $39 and $8, respectively, and includes pledged fixed maturity securities of $448 and $460, respectively, related to secured trust deposits $ 33,095 $ 31,990
Derivative investments 244 816
Mortgage loans, net of allowance for credit losses of $42 and $31 at December 31, 2022 and 2021, respectively. 4,554 3,749
Investments in unconsolidated affiliates 2,614 2,486
Other long-term investments 692 579
Short-term investments, at December 31, 2022 and December 31, 2021 includes pledged short-term investments of $6 and $1, respectively, related to secured trust deposits 2,590 491
Total investments 45,370 42,775
Cash and cash equivalents, at December 31, 2022 and 2021 includes $242 and $480, respectively, of pledged cash related to secured trust deposits 2,286 4,360
Trade and notes receivables, net of allowance of $33 and $32 at December 31, 2022 and 2021, respectively 467 557
Reinsurance recoverable, net of allowance for credit losses of $10 and $20 at December 31, 2022 and 2021, respectively 5,588 3,738
Goodwill 4,642 4,539
Prepaid expenses and other assets 2,231 1,203
Lease assets 376 376
Other intangible assets, net 4,034 2,557
Title plants 416 400
Property and equipment, net 179 185
Total assets 65,589 60,690
Liabilities:    
Contractholder funds 41,233 35,525
Future policy benefits 5,923 4,732
Accounts payable and accrued liabilities 2,352 2,696
Notes payable 3,238 3,096
Reserve for title claim losses 1,810 1,883
Funds withheld for reinsurance liabilities 3,703 1,676
Secured trust deposits 862 934
Lease liabilities 418 414
Income taxes payable 0 72
Deferred tax liability 71 205
Total liabilities 59,610 51,233
Equity:    
FNF common stock, $0.0001 par value; authorized 600,000,000 shares as of December 31, 2022 and 2021, respectively; outstanding of 272,309,890 and 283,778,574 as of December 31, 2022 and 2021, respectively, and issued of 327,757,349 and 325,486,429 as of December 31, 2022 and 2021, respectively 0 0
Preferred stock, $0.0001 par value; authorized 50,000,000 shares; issued and outstanding, none 0 0
Additional paid-in capital 5,876 5,811
Retained earnings 4,714 4,369
Accumulated other comprehensive earnings (2,862) 779
Less: Treasury stock, 55,447,459 shares and 41,707,855 shares as of December 31, 2022 and 2021, respectively, at cost (2,109) (1,545)
Total Fidelity National Financial, Inc. shareholders’ equity 5,619 9,414
Non-controlling interests 360 43
Total equity 5,979 9,457
Total liabilities and equity 65,589 60,690
Preferred securities    
Investments:    
Securities, at fair value 903 1,401
Equity securities    
Investments:    
Securities, at fair value $ 678 $ 1,263