2024 Q4 Form 10-Q Financial Statement

#000133187524000060 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $3.603B $2.778B
YoY Change 29.7% -13.38%
Cost Of Revenue $61.00M $57.00M
YoY Change 7.02%
Gross Profit $3.542B $2.721B
YoY Change 30.17%
Gross Profit Margin 98.31% 97.95%
Selling, General & Admin $810.0M $734.0M
YoY Change 10.35% -7.79%
% of Gross Profit 22.87% 26.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization -$190.0M -$100.0M
YoY Change 90.0% 38.89%
% of Gross Profit -5.36% -3.68%
Operating Expenses $3.234B $2.138B
YoY Change 51.26% -22.82%
Operating Profit $308.0M $583.0M
YoY Change -47.17%
Interest Expense $56.00M $44.00M
YoY Change 27.27% 57.14%
% of Operating Profit 18.18% 7.55%
Other Income/Expense, Net
YoY Change
Pretax Income $313.0M $603.0M
YoY Change -48.09% 47.43%
Income Tax $44.00M $141.0M
% Of Pretax Income 14.06% 23.38%
Net Earnings $266.0M $426.0M
YoY Change -37.56% 47.4%
Net Earnings / Revenue 7.38% 15.33%
Basic Earnings Per Share $1.58
Diluted Earnings Per Share $0.97 $1.57
COMMON SHARES
Basic Shares Outstanding 273.6M shares 273.5M shares 272.2M shares
Diluted Shares Outstanding 273.0M shares 271.0M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $4.970B $3.209B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $174.0M $172.0M
YoY Change 1.16% -5.49%
Goodwill $5.272B $4.830B
YoY Change 9.15% 4.79%
Intangibles
YoY Change
Long-Term Investments $3.874B $3.184B
YoY Change 21.67% 6.63%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $94.67B $74.00B
YoY Change 27.93% 19.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $383.0M $396.0M
YoY Change -3.28% -8.97%
Deferred Revenue $241.0M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.545B $3.710B
YoY Change 49.46% -6.76%
LONG-TERM LIABILITIES
Long-Term Debt $4.186B $3.695B
YoY Change 13.29% 37.21%
Other Long-Term Liabilities $603.0M $278.0M
YoY Change 116.91%
Total Long-Term Liabilities $4.789B $3.695B
YoY Change 29.61% 37.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.545B $3.710B
Total Long-Term Liabilities $4.789B $3.695B
Total Liabilities $85.77B $67.42B
YoY Change 27.22% 19.61%
SHAREHOLDERS EQUITY
Retained Earnings $5.671B $5.444B
YoY Change 4.17% 7.4%
Common Stock $5.965B $5.895B
YoY Change 1.19% 0.17%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.131B $2.114B
YoY Change 0.8% 2.82%
Treasury Stock Shares
Shareholders Equity $8.082B $6.158B
YoY Change
Total Liabilities & Shareholders Equity $94.67B $74.00B
YoY Change 27.93% 19.04%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income $266.0M $426.0M
YoY Change -37.56% 47.4%
Depreciation, Depletion And Amortization -$190.0M -$100.0M
YoY Change 90.0% 38.89%
Cash From Operating Activities $2.366B $1.076B
YoY Change 119.89% -27.4%
INVESTING ACTIVITIES
Capital Expenditures $40.00M $32.00M
YoY Change 25.0% -206.67%
Acquisitions
YoY Change
Other Investing Activities -$1.955B -$1.497B
YoY Change 30.59% -23.97%
Cash From Investing Activities -$1.995B -$1.529B
YoY Change 30.48% -23.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -291.0M 526.0M
YoY Change -155.32% -6.9%
NET CHANGE
Cash From Operating Activities 2.366B 1.076B
Cash From Investing Activities -1.995B -1.529B
Cash From Financing Activities -291.0M 526.0M
Net Change In Cash 80.00M 73.00M
YoY Change 9.59% 52.08%
FREE CASH FLOW
Cash From Operating Activities $2.366B $1.076B
Capital Expenditures $40.00M $32.00M
Free Cash Flow $2.326B $1.044B
YoY Change 122.8% -30.95%

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CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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<span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A summary of the reserve for title claim losses follows:</span><div style="margin-bottom:1pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:72.145%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.911%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.914%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Nine months ended September 30,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(In millions)</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Beginning balance</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,770 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,810 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in insurance recoverable</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(14)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Claim loss provision related to:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current year</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">168 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">157 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total title claim loss provision</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">168 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">157 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Claims paid, net of recoupments related to:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current year</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(8)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prior years</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(191)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(190)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total title claims paid, net of recoupments</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(204)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(198)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Ending balance of claim loss reserve for title insurance</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,720 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,768 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Provision for title insurance claim losses as a percentage of title insurance premiums</span></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.5 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.5 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr></table></div>
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ReinsuranceRetrocessionQuotaShareBasisPercentage
0.30
CY2024Q3 fnf Reinsurance Retrocession Quota Share Basis Percentage
ReinsuranceRetrocessionQuotaShareBasisPercentage
0.30
CY2024Q3 fnf Reinsurance Retrocession Quota Share Basis Percentage
ReinsuranceRetrocessionQuotaShareBasisPercentage
0.90
CY2024Q3 fnf Reinsurance Retrocession Quota Share Basis Percentage
ReinsuranceRetrocessionQuotaShareBasisPercentage
0.90
CY2023 fnf Reinsurance Retrocession Quota Share Basis Percentage
ReinsuranceRetrocessionQuotaShareBasisPercentage
0.90
fnf Reinsurance Retrocession Quota Share Basis Percentage
ReinsuranceRetrocessionQuotaShareBasisPercentage
0.90
CY2024Q3 us-gaap Deposit Contracts Assets
DepositContractsAssets
10500000000 usd
CY2023Q4 us-gaap Deposit Contracts Assets
DepositContractsAssets
7500000000 usd
CY2024Q3 fnf Reinsurance Risk Charge Fee
ReinsuranceRiskChargeFee
10000000 usd
CY2023Q3 fnf Reinsurance Risk Charge Fee
ReinsuranceRiskChargeFee
10000000 usd
fnf Reinsurance Risk Charge Fee
ReinsuranceRiskChargeFee
32000000 usd
fnf Reinsurance Risk Charge Fee
ReinsuranceRiskChargeFee
30000000 usd
CY2024Q2 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
21000000 usd
CY2023Q2 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
9000000 usd
CY2023Q4 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
21000000 usd
CY2022Q4 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
10000000 usd
CY2024Q3 us-gaap Reinsurance Recoverable Credit Loss Expense Reversal
ReinsuranceRecoverableCreditLossExpenseReversal
0 usd
CY2023Q3 us-gaap Reinsurance Recoverable Credit Loss Expense Reversal
ReinsuranceRecoverableCreditLossExpenseReversal
1000000 usd
us-gaap Reinsurance Recoverable Credit Loss Expense Reversal
ReinsuranceRecoverableCreditLossExpenseReversal
0 usd
us-gaap Reinsurance Recoverable Credit Loss Expense Reversal
ReinsuranceRecoverableCreditLossExpenseReversal
0 usd
CY2024Q3 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
21000000 usd
CY2023Q3 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
10000000 usd
CY2024Q3 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
21000000 usd
CY2023Q3 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
10000000 usd
CY2024Q3 fnf Statutory Accounting Practices Permitted Practice Statutory Surplus Amount
StatutoryAccountingPracticesPermittedPracticeStatutorySurplusAmount
29000000 usd
CY2023Q4 fnf Statutory Accounting Practices Permitted Practice Statutory Surplus Amount
StatutoryAccountingPracticesPermittedPracticeStatutorySurplusAmount
102000000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
4186000000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
3887000000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
365000000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
303000000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
22000000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
950000000 usd
CY2024Q3 fnf Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
2595000000 usd
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4235000000 usd
CY2024Q3 us-gaap Market Risk Benefit Asset Amount
MarketRiskBenefitAssetAmount
134000000 usd
CY2023Q4 us-gaap Market Risk Benefit Asset Amount
MarketRiskBenefitAssetAmount
88000000 usd
CY2024Q3 us-gaap Market Risk Benefit Liability Amount
MarketRiskBenefitLiabilityAmount
603000000 usd
CY2023Q4 us-gaap Market Risk Benefit Liability Amount
MarketRiskBenefitLiabilityAmount
403000000 usd
CY2024Q3 fnf Policy Holder Account Balance Gross Liability
PolicyHolderAccountBalanceGrossLiability
55468000000 usd
CY2023Q4 fnf Policy Holder Account Balance Gross Liability
PolicyHolderAccountBalanceGrossLiability
48798000000 usd
fnf Policyholder Benefits And Claims Incurred Net Life And Annuity Change In Policy Reserves Increase Decrease
PolicyholderBenefitsAndClaimsIncurredNetLifeAndAnnuityChangeInPolicyReservesIncreaseDecrease
-79000000 usd
CY2023 fnf Policyholder Benefits And Claims Incurred Net Life And Annuity Change In Policy Reserves Increase Decrease
PolicyholderBenefitsAndClaimsIncurredNetLifeAndAnnuityChangeInPolicyReservesIncreaseDecrease
73000000 usd
CY2024Q3 us-gaap Liability For Future Policy Benefits
LiabilityForFuturePolicyBenefits
8268000000 usd
CY2023Q4 us-gaap Liability For Future Policy Benefits
LiabilityForFuturePolicyBenefits
7050000000 usd
us-gaap Liability For Future Policy Benefit Gross Premium Income
LiabilityForFuturePolicyBenefitGrossPremiumIncome
1340000000 usd
us-gaap Liability For Future Policy Benefit Gross Premium Income
LiabilityForFuturePolicyBenefitGrossPremiumIncome
1319000000 usd
us-gaap Liability For Future Policy Benefit Interest Expense
LiabilityForFuturePolicyBenefitInterestExpense
242000000 usd
us-gaap Liability For Future Policy Benefit Interest Expense
LiabilityForFuturePolicyBenefitInterestExpense
149000000 usd
CY2024Q3 fnf Net Premium Ratio Before Capping
NetPremiumRatioBeforeCapping
1.09
CY2024Q3 fnf Reserves Before Np Ratio Capping
ReservesBeforeNPRatioCapping
1219000000 usd
CY2024Q3 fnf Reserves After Np Ratio Capping
ReservesAfterNPRatioCapping
1250000000 usd
fnf Premium Loss Expense Net
PremiumLossExpenseNet
31000000 usd
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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