Fidelity National Financial
Combines U.S. title insurance and closing services with F&G annuities and life insurance.
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Profile
Underwrites title insurance and provides escrow, closing and mortgage-transaction services, mainly in the United States. Majority-owned F&G adds annuities and life insurance, pairing a transaction-driven title franchise with a separately traded, regulated insurance platform.
Underwrites title insurance and provides escrow, closing, mortgage-transaction and related real-estate services through a family of established title brands. Title operations are concentrated in the United States and organized around local responsibility within a centralized underwriting group.
Adds annuities and life insurance through majority-owned, separately traded F&G, including retail retirement products, funding agreements and pension-risk-transfer solutions. The portfolio combines transaction-driven title earnings with a regulated insurance platform that uses different products, capital requirements and distribution channels.
Title order volumes depend on home purchases, refinancing and commercial real-estate activity. Both operating businesses face insurance regulation, while title and escrow workflows depend on information systems that have previously been disrupted by a cyber incident.
Company facts
Categories
Key statistics
Year to date −12.4% · Average volume (30d) 1.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 7, 2026 | National Bank | Target | $51 | $54 | ||
| Jul 7, 2026 | National Bank | Target | $50 | $51 | ||
| May 12, 2026 | Stephens | Target | $60 | $58 | ||
| May 11, 2026 | National Bank | Target | $67 | $50 | ||
| Apr 10, 2026 | National Bank | Target | $71 | $67 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $1.31 | $1.39 | +6.1% | $3.79B | $4.05B | +6.9% | +2.82% |
| May 6, 2026Q1 FY26 | $1.09 | $0.93 | −14.7% | $3.61B | $3.23B | −10.7% | −1.99% |
| Feb 19, 2026Q4 FY25 | $1.51 | $1.41 | −6.6% | $3.66B | $4.05B | +10.7% | −3.84% |
| Nov 6, 2025Q3 FY25 | $1.42 | $1.57 | +10.6% | $3.57B | $3.94B | +10.4% | +4.56% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.67B | $3.58B | $3.94B | $4.07B | $3.22B | $4.05B | |
| Gross profit | $1.46B | $1.87B | $1.96B | $4.00B | $3.16B | $2.79B | |
| Operating income | $111.0M | $382.0M | $453.0M | $450.0M | $496.0M | $594.0M | |
| Net income | $83.0M | $278.0M | $358.0M | −$117.0M | $243.0M | $288.0M | |
| Diluted EPS | $0.30 | $1.02 | $1.33 | −$0.43 | $0.90 | $1.08 | |
| Gross margin | 54.6% | 52.2% | 49.6% | 98.2% | 98.1% | 68.8% | |
| Operating margin | 4.2% | 10.7% | 11.5% | 11.1% | 15.4% | 14.7% |
Fiscal years (4-quarter sums)FY21 $15.05B · FY22 $11.45B · FY23 $11.52B · FY24 $13.35B · FY25 $14.26B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $57.86B · Total debt $4.74B · Total assets $114.53B · Shareholders' equity $7.45B
Dividends
Raised for 14 straight years — most recently to $0.52 from $0.482 split-adjusted in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 16, 2026 | Jun 16 | Jun 30 | $0.52 | |
| Mar 17, 2026 | Mar 17 | Mar 31 | $0.52 | |
| Dec 17, 2025 | Dec 17 | Dec 31 | $0.52 | raised from $0.482 split-adjusted |
| Sep 16, 2025 | Sep 16 | Sep 30 | $0.50 | |
| Jun 16, 2025 | Jun 16 | Jun 30 | $0.50 | cut from $0.50 split-adjusted |
| Mar 17, 2025 | Mar 17 | Mar 31 | $0.50 | |
| Dec 17, 2024 | Dec 17 | Dec 31 | $0.50 | raised from $0.48 |
| Sep 16, 2024 | Sep 16 | Sep 30 | $0.48 |
Ownership
Shares outstanding 269.16M · Float 254.34M · 94.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 37.54M | 13.95% | 13F | Aug 7, 2026 |
| Windacre Partnership LLC | 20.90M | 7.77% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 12.14M | 4.51% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 11.51M | 4.28% | 13F | Aug 13, 2026 |
| State Street Corp | 9.78M | 3.63% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 26, 2026 | Peter T. Sadowski | officer: EVP, Chief Legal Officer | −69,196 | $45.70 |
| Jun 24, 2026 | Halim Dhanidina | director | −9,543 | $418.25 |
| Apr 8, 2026 | Peter T. Sadowski | officer: EVP, Chief Legal Officer | −473 | $47.67 |
| Jan 5, 2026 | Halim Dhanidina | director | −6,000 | $55.90 |
| Nov 17, 2025 | Daniel D. Lane | director | −6,367 | $57.63 |
Peers
- First American Financial
Nationwide rival in title insurance, closing and escrow services
- Corebridge Financial
Broad rival in indexed annuities, life insurance and pension risk transfer
- Old Republic International
U.S. title insurer across residential, commercial and agency channels
- Stewart Information Services
Direct rival in title insurance, closing and settlement services
- Jackson Financial
Annuity rival across indexed, registered index-linked and fixed products
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Fidelity National Financial | $47.56 | −0.02% | $12.80B | 16.5 | 8.9 | 0.8 | +11.4% |
| First American Financial | $74.47 | −0.03% | $7.60B | 10.3 | 10.6 | 1.8 | +15.0% |
| Corebridge Financial | $32.50 | −0.35% | $14.54B | 19.1 | 6.4 | 1.5 | +482.9% |
| Old Republic International | $42.07 | 0.00% | $10.25B | 9.2 | 13.1 | 1.1 | +13.4% |
| Stewart Information Services | $69.91 | 0.00% | $2.13B | 15.3 | 11.1 | 0.7 | +24.0% |
| Jackson Financial | $134.00 | −0.07% | $9.36B | 172.0 | 4.5 | 1.4 | — |
| Median | 15.3 | 10.6 | 1.4 | +19.5% |