Fidelity National Financial, Inc. (FNF)

FNF Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	4,849	4,592	6,834	8,553	6,298	5,342
Total Interest & Dividend Income	2,708	2,378	1,781	1,372	824	225
Gain (Loss) on Sale of Investments	196	-158	-937	-329	333	326
Other Revenue	5,777	4,976	3,928	6,051	3,360	2,584
Total Revenue	13,530	11,788	11,606	15,647	10,815	8,477
Revenue Growth (YoY)	23.81%	1.57%	-25.83%	44.68%	27.58%	11.52%
Policy Benefits	4,714	3,760	1,434	2,317	1,149	240
Policy Acquisition & Underwriting Costs	2,155	2,008	3,064	3,821	2,749	2,258
Depreciation & Amortization	700	593	491	432	296	178
Selling, General & Administrative	202	197	191	181	189	184
Other Operating Expenses	1,440	1,420	1,620	1,782	1,646	1,535
Total Operating Expenses	12,204	10,826	9,943	12,019	8,941	7,053
Operating Income	1,326	962	1,663	3,628	1,874	1,424
Interest Expense	-197	-174	-115	-114	-90	-47
Earnings From Equity Investments	5	17	15	64	15	15
Other Non Operating Income (Expenses)	-195	-95	182	44	-	-
EBT Excluding Unusual Items	939	710	1,745	3,622	1,799	1,392
Asset Writedown	-	-	-	-	-	-8
Pretax Income	939	710	1,745	3,622	1,799	1,384
Income Tax Expense	170	192	439	813	322	308
Earnings From Continuing Ops.	769	518	1,306	2,809	1,477	1,076
Earnings From Discontinued Ops.	-	-	-	8	-25	-
Net Income to Company	769	518	1,306	2,817	1,452	1,076
Minority Interest in Earnings	-18	-1	-12	-20	-25	-14
Net Income	751	517	1,294	2,797	1,427	1,062
Net Income to Common	751	517	1,294	2,797	1,427	1,062
Net Income Growth	29.26%	-60.05%	-53.74%	96.01%	34.37%	69.11%
Shares Outstanding (Basic)	271	270	275	285	284	273
Shares Outstanding (Diluted)	273	271	277	287	286	277
Shares Change (YoY)	0.55%	-2.17%	-3.48%	0.35%	3.25%	-0.36%
EPS (Basic)	2.77	1.91	4.71	9.81	5.02	3.89
EPS (Diluted)	2.76	1.91	4.67	9.75	4.99	3.83
EPS Growth	29.08%	-59.10%	-52.09%	95.25%	30.35%	69.47%
Free Cash Flow	7,436	6,346	4,217	3,959	1,468	1,025
Free Cash Flow Per Share	27.29	23.42	15.22	13.79	5.13	3.70
Dividend Per Share	1.920	1.830	1.770	1.560	1.350	1.260
Dividend Growth	6.67%	3.39%	13.46%	15.56%	7.14%	5.00%
Operating Margin	9.80%	8.16%	14.33%	23.19%	17.33%	16.80%
Profit Margin	5.55%	4.39%	11.15%	17.88%	13.19%	12.53%
Free Cash Flow Margin	54.96%	53.83%	36.33%	25.30%	13.57%	12.09%
EBITDA	1,942	1,555	2,154	4,060	2,170	1,602
EBITDA Margin	14.35%	13.19%	18.56%	25.95%	20.06%	18.90%
D&A For EBITDA	616	593	491	432	296	178
EBIT	1,326	962	1,663	3,628	1,874	1,424
EBIT Margin	9.80%	8.16%	14.33%	23.19%	17.33%	16.80%
Effective Tax Rate	18.10%	27.04%	25.16%	22.45%	17.90%	22.25%
Revenue as Reported	13,492	11,752	11,565	15,655	10,778	8,469

Source: S&P Capital IQ. Insurance template. Financial Sources.