For the quarter ending 2026-03-31, FNF had -$169M decrease in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net earnings | 321 | -86 | 389 | 376 |
| Depreciation and amortization | 215 | 221 | 227 | 396 |
| Equity in earnings of unconsolidated affiliates | -2 | -1 | 26 | 10 |
| Loss on sales of investments and other assets and asset impairments, net | -26 | -125 | -55 | -35 |
| Gain on the sale of businesses | 14 | - | - | - |
| Interest credited/index credits to contractholder account balances | 49 | -135 | -271 | 608 |
| Change in market risk benefits, net | 73 | -315 | 43 | 105 |
| Deferred policy acquisition costs and deferred sales inducements | 284 | 330 | 311 | 645 |
| Charges assessed to contractholders for mortality and admin | 115 | 82 | 83 | 165 |
| Non-cash lease costs | 32 | 35 | 31 | 65 |
| Operating lease payments | 34 | 34 | 33 | 69 |
| Distributions from unconsolidated affiliates, return on investment | 33 | 56 | 36 | 104 |
| Stock-based compensation cost | 23 | 24 | 23 | 41 |
| Change in nav of limited partnerships, net | 106 | 118 | 105 | 126 |
| Change in valuation of derivatives, equity securities, preferred securities, and other assets, net | -66 | 78 | 236 | -154 |
| Change in derivative collateral liabilities | -396 | 105 | 49 | 95 |
| Change in reinsurance recoverable | -14 | 10 | -7 | -2 |
| Change in future policy benefits | 197 | 732 | 430 | 548 |
| Change in funds withheld from reinsurers | 787 | 629 | 1,041 | 1,607 |
| Net decrease in trade receivables | -7 | -4 | 2 | 16 |
| Net increase (decrease) in reserve for title claim losses | 4 | -7 | 12 | -17 |
| Net change in income taxes | 167 | 473 | 60 | -52 |
| Net change in other assets and other liabilities | 192 | 38 | 25 | 25 |
| Net cash provided by operating activities | 875 | 1,506 | 1,311 | 3,011 |
| Proceeds from sales, calls and maturities of investment securities | 2,973 | 4,876 | 3,658 | 6,451 |
| Fundings of notes receivable | - | 16 | - | - |
| Additions to property and equipment and capitalized software | - | 147 | - | - |
| Additions to property and equipment, capitalized software and title plants | -86 | - | 38 | 75 |
| Purchases of investment securities | 4,079 | 6,678 | 5,049 | 11,471 |
| Net proceeds from (purchases of) sales and maturities of short-term investment securities | - | -1,298 | - | - |
| Net proceeds from sales and maturities of short-term investment securities | -1,274 | - | -211 | 1,750 |
| Other acquisitions/disposals, net of cash acquired | - | 62 | - | - |
| Acquisitions and dispositions | -133 | - | 51 | 9 |
| Additional investments in unconsolidated affiliates | 264 | 886 | 520 | 1,087 |
| Distributions from unconsolidated affiliates, return of investment | 122 | 364 | 150 | 180 |
| Net other investing activities | 8 | -9 | -3 | 7 |
| Net cash used in investing activities | -945 | -2,608 | -2,058 | -4,268 |
| Borrowings | - | 0 | - | 10 |
| Debt offering | 0 | 0 | 0 | 375 |
| F&g credit agreement repayments, net | - | 0 | - | - |
| Debt costs/equity issuance additions | - | 11 | - | - |
| Debt service payments | 0 | 0 | 0 | 300 |
| Dividends paid | 140 | 140 | 135 | 271 |
| Subsidiary dividends paid to non-controlling interest shareholders | 20 | 19 | 17 | 26 |
| Exercise of stock options | - | 0 | 4 | - |
| Subsidiary repurchases of own equity | 21 | - | 0 | 9 |
| Net change in secured trust deposits | -70 | 3 | 111 | -294 |
| Purchase of additional share in consolidated subsidiaries | - | 11 | - | - |
| Payment of contingent consideration for prior period acquisitions | 14 | 3 | 2 | 22 |
| Payment for shares withheld for taxes on share-based compensation | - | 27 | - | - |
| Contractholder account deposits | 2,669 | 2,584 | 3,491 | 5,500 |
| F&g repurchases of f&g stock | - | 0 | - | - |
| Contractholder account withdrawals | 2,557 | 2,117 | 2,216 | 4,430 |
| Purchases of treasury stock | 78 | 30 | 43 | 178 |
| F&g common stock offering | 0 | 0 | 0 | 117 |
| Other financing activities | 3 | - | 8 | -10 |
| Net cash (used in) provided by financing activities | -99 | 244 | 969 | 1,050 |
| Net (decrease) increase in cash and cash equivalents | -169 | -858 | 222 | -207 |
| Cash and cash equivalents at beginning of period | 2,636 | 3,494 | 3,479 | - |
| Cash and cash equivalents at end of period | 2,467 | 2,636 | 3,494 | - |
Fidelity National Financial, Inc. (FNF)
Fidelity National Financial, Inc. (FNF)