For the year ending 2025-12-31, FNF had -$843M decrease in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 |
|---|---|
| Net earnings | 679 |
| Depreciation and amortization | 844 |
| Equity in earnings of unconsolidated affiliates | 35 |
| Loss (gain) on sales of investments and other assets and asset impairments, net | -215 |
| Interest credited/index credits to contractholder account balances | 202 |
| Change in market risk benefits, net | -167 |
| Deferred policy acquisition costs and deferred sales inducements | 1,286 |
| Charges assessed to contractholders for mortality and administration | 330 |
| Non-cash lease costs | 131 |
| Operating lease payments | 136 |
| Distributions from unconsolidated affiliates, return on investment | 196 |
| Stock-based compensation cost | 88 |
| Change in nav of limited partnerships, net | 349 |
| Change in valuation of derivatives, equity and preferred securities, net | 160 |
| Change in derivative collateral liability, net | 249 |
| Change in reinsurance recoverable | 1 |
| Change in future policy benefits | 1,710 |
| Change in funds withheld from reinsurers | 3,277 |
| Net (increase) decrease in trade receivables | 14 |
| Net decrease in reserve for title claim losses | -12 |
| Net change in income taxes | 481 |
| Net change in other assets and other liabilities | 88 |
| Net cash provided by (used in) operating activities | 5,828 |
| Proceeds from sales, calls and maturities of investment securities | 14,985 |
| Fundings of notes receivable | 16 |
| Additions to property and equipment and capitalized software | 147 |
| Purchases of investment securities | 23,198 |
| Net proceeds from (purchases of) sales and maturities of short-term investment securities | -1,298 |
| Other acquisitions/disposals, net of cash acquired | 62 |
| Additional investments in unconsolidated affiliates | 2,493 |
| Distributions from unconsolidated affiliates, return of investment | 694 |
| Net other investing activities | -5 |
| Net cash used in investing activities | -8,934 |
| Borrowings | 10 |
| Debt offering | 375 |
| F&g credit agreement repayments, net | 0 |
| Debt costs/equity issuance additions | 11 |
| Debt service payments | 300 |
| Dividends paid | 546 |
| Subsidiary dividends paid to non-controlling interest shareholders | 62 |
| Exercise of stock options | 4 |
| Net change in secured trust deposits | -180 |
| Purchase of additional share in consolidated subsidiaries | 11 |
| Payment of contingent consideration for prior period acquisitions | 27 |
| Payment for shares withheld for taxes on share-based compensation | 27 |
| Contractholder account deposits | 11,575 |
| Contractholder account withdrawals | 8,763 |
| F&g equity offering | 117 |
| F&g repurchases of f&g stock | 0 |
| Purchases of treasury stock | 251 |
| Net cash provided by financing activities | 2,263 |
| Net (decrease) increase in cash and cash equivalents | -843 |
| Cash and cash equivalents at beginning of period | 3,479 |
| Cash and cash equivalents at end of period | 2,636 |
Fidelity National Financial, Inc. (FNF)
Fidelity National Financial, Inc. (FNF)