Fidelity National Financial, Inc. (FNF) Stock

Fidelity National Financial, Inc. (FNF) is a Financials stock trading at $46.19 (as of 2026-09-02), with a market capitalization of $12.43B and a trailing P/E of 16.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Fidelity National Financial, Inc. and its subsidiaries provide insurance products in the United States through segments including Title, F&G, and Corporate and Other. It offers title insurance and related services, technology and transaction services for real estate and mortgage industries, mortgage transaction services, and certain annuity and life insurance products.

Understand Fidelity National Financial, Inc.: how it makes money

Fidelity National Financial provides title insurance, escrow, and other title-related services, plus technology and transaction services for real estate and mortgage industries, earning money through fees and related services tied to property transactions and related activity.

Profit is structurally driven by real estate transaction activity, because the company’s core offerings are sold as part of property closings and related processes (title insurance, escrow, and other title-related services), with additional contribution from trust activities and technology and transaction services for real estate and mortgage operations.

Revenue by segment (latest quarter)
Title$2.0B
F&G$0.9B
Corp&Other$0.3B

Business quality (Mixed): The reportable segments are Title, F&G, and Corporate and Other. The Title and F&G revenue inputs come from the provided candidate metrics, and Corporate and Other is inferred as the remainder of total revenue (so investors should treat that remainder as less directly sourced than the segment lines).

Valuation: At 17× earnings, FNF trades 31% above the Insurance average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Broad, transaction-linked service set: FNF offers title insurance and escrow, plus other title-related services such as recordings and reconveyances, and trust activities, trustee sales guarantees, and home warranty insurance. It also provides technology and transaction services to the real estate and mortgage industries.
  • Multiple reportable segments: The company operates through Title, F&G, and Corporate and Other segments, which can support different business drivers within the overall model.

Bear case

  • Exposure to real estate and mortgage volumes: Because the company’s offerings are tied to real estate and mortgage processes, weaker transaction activity in those industries could reduce demand for title insurance and escrow services.
  • Operating metrics may not move in lockstep with segment revenue: The provided operating metric candidates show large scales for AUM and gross sales in the F&G segment, while also providing smaller segment revenue figures, which can make it harder for investors to map operating trends to reported segment revenue in the short run.
Valuation — source: SEC EDGAR (first-party)
Price$46.19
Market Cap$12.43B
P/E Ratio16.3
EV / EBITDA5.5
Price / Book1.43
Price / Sales0.83
DCF Value (model)$26.93
DCF Upside vs Price-41.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$14.45B
Net Margin4.2%
Revenue Growth (YoY)18.2%
EPS Growth (YoY)200.0%
Valuation vs Sector & Industry
Stock P/E16.3
Sector P/E (Financials)14.9
Industry P/E (Insurance)12.1
vs Sector9.4%
vs Industry34.3%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($1.84B)
Institutional Holders Tracked10
Congressional Trades (recent)7
Company
SectorFinancials
IndustryInsurance
CEOMichael Joseph Nolan
Employees23,533
CountryUS
IPO Date2005-10-14

Fidelity National Financial, Inc. earnings call transcripts

  • FNF Q2 FY26 earnings call transcript (reported 2026-08-05) · analysis
  • FNF Q1 FY26 earnings call transcript (reported 2026-05-06) · analysis
  • FNF Q2 FY25 earnings call transcript (reported 2025-08-06) · analysis

All FNF earnings calls

Related Companies (Insurance; 8 comparable insurers)

  • Aflac Incorporated (AFL)
  • CNA Financial Corporation (CNA)
  • Cincinnati Financial Corporation (CINF)
  • Markel Corporation (MKL)
  • W. R. Berkley Corporation (WRB)
  • Unum Group (UNM)
  • Lincoln National Corporation (LNC)
  • Assurant, Inc. (AIZ)
FNF earnings history · FNF institutional & insider holders · FNF KPIs & operating metrics · FNF financials · FNF investor presentations & press releases · FNF SEC filings · FNF peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-09-02.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.