Fidelity National Financial, Inc.

What does FNF own?
FNF owns title underwriters Fidelity National Title, Chicago Title, Commonwealth Land Title, and Alamo Title, plus a roughly 70 percent controlling stake in life insurer F&G Annuities & Life (NYSE: FG).

Is FNF publicly traded?
Yes. It trades on the New York Stock Exchange under ticker FNF.

Who founded FNF?
William P. Foley II and Frank P. Willey formed the company in 1984 through a leveraged buyout of Fidelity National Title Insurance Co. Foley remains chairman.

Is FNF the same as Fidelity Investments or FIS?
No. FNF is a title insurance and financial services company unrelated to Fidelity Investments. It did create and later separate Fidelity National Information Services, the company that became FIS.

How much revenue does FNF generate?
$14.5 billion consolidated in FY2025, with trailing twelve-month revenue of approximately $15.4 billion through Q2 2026.

What is the F&G distribution?
On December 31, 2025, FNF distributed approximately 12 percent of F&G's shares, about $500 million of value, to its shareholders as a special dividend, retaining roughly 70 percent ownership.

Where is FNF headquartered?
Jacksonville, Florida, USA.

William P. Foley II and Frank P. Willey incorporated Fidelity National Financial in 1984 to execute a leveraged buyout of Fidelity National Title Insurance Co., a modest Nebraska underwriter generating about $6 million in revenue. An employee stock program in 1985 made it the nation's first employee-owned title underwriter.

FNF went public on the American Stock Exchange in 1987, the same year it bought Western Title Insurance and moved headquarters from Arizona to California. Growth through the 1990s ran on acquisition and the residential refinance cycle.

The landmark deals came in 2000 and 2008. The 2000 acquisition of Chicago Title Corporation brought the Chicago Title, Commonwealth Land Title, and Ticor underwriters, instantly creating the largest title insurer in the country. The 2008 purchase of bankrupt LandAmerica Financial Group's underwriters added Lawyers Title and Commonwealth's sister operations at distressed prices, cementing a market share no rival has approached since.

Along the way FNF built and separated adjacent businesses: it formed and later spun off Fidelity National Information Services, now the payments giant FIS, and in 2020 acquired F&G Annuities & Life for approximately $2.7 billion, diversifying into life insurance. FNF distributed portions of F&G to shareholders in stages, retaining about 70 percent after the December 2025 distribution.

Foley remains chairman. Michael Nolan, a company veteran, has served as CEO since 2022.

Fraud prevention is the most material stakeholder issue in title insurance, and FNF's inHere platform and automation investments are partly defensive infrastructure against wire fraud and impersonation schemes that cost buyers millions.

The company publishes ESG reporting covering data security, workforce, and community investment. No independent sustainability certification applies to title insurance operations.

Title insurance economics: The industry faces recurring criticism that premiums exceed loss-driven cost, given low claims ratios relative to other insurance lines; regulators in several states periodically review title rate structures.

Cybersecurity incident: FNF disclosed a significant cyberattack in late 2023 that disrupted systems across its title operations, a high-profile event for the industry's operational resilience.

F&G complexity: Analysts note the life insurance subsidiary's alternative-asset and reinsurance exposure adds earnings opacity relative to the title core, part of the rationale behind staged ownership distributions.