What is the 13F Pro Quality Score for FNF?

13F Pro ranks Fidelity National Financial, Inc. (FNF) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View FNF's current score at https://13fpro.ai/research/FNF (free sign-up required for the full ranking).

Which hedge funds own the most FNF stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of FNF include BlackRock,, WINDACRE PARTNERSHIP, VANGUARD PORTFOLIO MANAGEMENT. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/FNF as soon as new 13F filings post.

Where does 13F Pro source FNF data?

All Fidelity National Financial, Inc. fundamentals and ownership data come directly from SEC EDGAR. Fidelity National Financial, Inc. files with the SEC under CIK 1331875. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is FNF in?

Fidelity National Financial, Inc. (FNF) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What drives FNF's revenue?

Per Fidelity National Financial, Inc.'s latest 10-Q filed with the SEC on 2026-05-08, the biggest revenue drivers are: Title segment ($2,004M, +13% YoY); F&G segment ($1,187M, +31% YoY); Direct title insurance premiums ($583M, +14% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/FNF.

What are FNF's largest expenses?

Fidelity National Financial, Inc.'s latest 10-Q reports these as the largest expense items: Benefits and other changes in policy reserves ($484M, -8% YoY); Personnel costs ($827M, +7% YoY); Agent commissions ($608M, +15% YoY). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 2026).

How often is FNF research updated on 13F Pro?

FNF's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Fidelity National Financial, Inc.(FNF)Stock Analysis

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13F Pro Quality Score

69.7/100

Rank #354 of 2,879 stocksTOP 25%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

52.7/100

Profitability

93.6/100

Balance Sheet

42.5/100

Earnings Quality

51.1/100

Free Cash Flow

97.5/100

Institutional Flow

79.0/100

Revenue Scale

62.8/100

Dilution Risk

70.5/100

FNF Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Fidelity National Financial, Inc. (FNF), a Financials sector company. 13F Pro's AI-powered ranking engine scores FNF at 69.7/100 on a 32-signal composite quality model, placing it at rank #354 of 2,879 stocks — the top 25% of the AI-ranked universe. FNF scores in the top quartile across free cash flow (97.5), profitability (93.6), institutional flow (79.0). Based on the latest XBRL financial filings (Q1 2026), Fidelity National Financial, Inc. reports quarterly revenue of $3.2B, net income of $243.0M, an operating margin of 15.4%. Top institutional holders of FNF by reported 13-F value include BlackRock,, WINDACRE PARTNERSHIP, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. FNF trades on the NYSE exchange and files with the SEC under CIK 1331875. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FNF daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Fidelity National Financial, Inc. directly from SEC EDGAR. Fidelity National Financial, Inc.'s 13F Pro composite quality score has ranged between 8 and 77 since 2021, currently 69.7 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.

What's Driving FNF's Business? Latest 10-Q Breakdown

✓ 47/47 datapoints verified

AI-extracted from Fidelity National Financial, Inc.'s 10-Q filed 2026-05-08 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

FNF swung to $243M net earnings in Q1 2026 vs. $83M in Q1 2025, driven by Title segment revenue growth of 13% and F&G segment turnaround from loss to $249M earnings.

Biggest Revenue Drivers

Total revenue: $3,226M+18% YoY

Title segment$2,004M+13% YoY

Title premiums increased 15% on higher closed order volumes (234K vs 201K) and fee per file of $3,655; escrow and title-related fees up 12%

Within Title segment

Direct title insurance premiums$583M+14% YoY

Closed order volume increased 16% primarily due to higher housing inventory

Agency title insurance premiums$788M+16% YoY

Agency operations premium revenue grew with higher transaction volumes

F&G segment$1,187M+31% YoY

Interest and investment income increased to $723M from $666M; life insurance premiums and fees $479M down slightly, offset by $14M gain on F&G Life Re sale

Largest Expense Items

Benefits and other changes in policy reserves$484M-8% YoY

Index credits and interest credited to contractholders of $538M, partially offset by favorable market-related liability movements of $(377)M driven by higher risk-free rates

Personnel costs$827M+7% YoY

Increased 11% in Title segment due to health insurance claims and inflationary salary increases; overall increase reflects variable costs from revenue growth

Agent commissions$608M+15% YoY

Increased with agency title premiums; 77% of agency premiums retained as commission in Q1 2026 vs. 78% in Q1 2025

Other operating expenses$398M+6% YoY

Title segment expenses up 9%; includes premium taxes, appraisal fees, computer services and professional services

Margins: Title segment operating margins remained under pressure from personnel cost inflation (64% of direct and escrow revenue vs. 65% prior year), though improved service volume and fee per file partially offset this. F&G segment generated strong Q1 2026 results with improved net margin from loss to $249M earnings driven by favorable market conditions and higher investment income.

Watch Items from the Filing

F&G reinsurance concentration: Aspida, Somerset, Everlake, Ancient Re and Wilton Re collectively represent material concentration of reinsurance recoverable ($19.0B net), with Aspida alone at $8.5B (43% of reinsured reserves); any reinsurer failure could materially impact financial position.
Title segment fee-per-file pressure: Average fee per file declined to $3,655 from $3,761 YoY due to shift toward lower-fee refinance transactions (37% of closings vs. 25% prior year), offsetting volume gains.
Income tax rate elevated: Effective tax rate 35% in Q1 2026 vs. 26% in Q1 2025, driven by deferred tax liability adjustments on F&G outside basis differences following F&G Life Re sale; future quarters may normalize.
Investment portfolio unrealized losses widened: Gross unrealized loss position on fixed maturity and equity portfolio increased to $3,647M from $3,180M, primarily due to higher treasury rates; most losses are non-credit-related.
F&G Life Re divestiture completed: Sale to Ancient Financial Holdings LP on March 1, 2026 for ~$102M cash plus 19.9% LP interest; eliminates control of reinsurance subsidiary but generates gain and reduces leverage.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q1 2026

$3.2B

Net Income

Q1 2026

$243.0M

Free Cash Flow

Q1 2026

$875.0M

Operating Margin

Q1 2026

15.4%

ROIC

Q1 2026

4.3%

D/E Ratio

Q1 2026

0.61

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+5.6% YoY

$14.45BFY 2025

FY22 $11.56BFY23 $11.75BFY24 $13.68BFY25 $14.45B

Net Income

-52.6% YoY

$602.0MFY 2025

FY22 $1.29BFY23 $517.0MFY24 $1.27BFY25 $602.0M

EPS (Diluted)

-52.5% YoY

$2.21FY 2025

FY22 $4.67FY23 $1.91FY24 $4.65FY25 $2.21

Total Assets

+14.4% YoY

$109.01BFY 2025

FY22 $65.14BFY23 $80.61BFY24 $95.26BFY25 $109.01B

Total Debt

+1.8% YoY

$4.40BFY 2025

FY22 $3.24BFY23 $3.89BFY24 $4.32BFY25 $4.40B

Op. Cash Flow

-14.5% YoY

$5.83BFY 2025

FY22 $4.36BFY23 $6.48BFY24 $6.82BFY25 $5.83B

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$14.45B +5.6%	$13.68B +16.4%	$11.75B +1.6%	$11.56B -26.1%	$15.65B +45.2%	$10.78B
Net Income	$602.0M -52.6%	$1.27B +145.6%	$517.0M -60.0%	$1.29B -53.7%	$2.80B +96.0%	$1.43B
EPS (Diluted)	$2.21 -52.5%	$4.65 +143.5%	$1.91 -59.1%	$4.67 -52.1%	$9.75 +95.4%	$4.99
Total Assets	$109.01B +14.4%	$95.26B +18.2%	$80.61B +23.7%	$65.14B +6.2%	$61.33B +21.6%	$50.45B
Total Debt	$4.40B +1.8%	$4.32B +11.2%	$3.89B +20.0%	$3.24B +4.6%	$3.10B +16.3%	$2.66B
Operating Cash Flow	$5.83B -14.5%	$6.82B +5.2%	$6.48B +48.7%	$4.36B +6.5%	$4.09B +159.2%	$1.58B

AI Insight: FNF Financial Trends

Revenue rebounded to $3.2B in Q1 2026, but net income remains volatile and operating cash flow declined to lowest level in eight quarters.

• Revenue grew 18.3% from Q2 2024 ($3,158M) to Q3 2025 ($4,030M), though Q4 2025 and Q1 2026 show sequential softness.

• Total debt stable at $4.4B across last four quarters while equity recovered to $7.3B in Q1 2026, debt-to-equity ratio improved.

• Net income swung from $450M profit (Q4 2024) to $117M loss (Q4 2025) then rebounded to $243M (Q1 2026); earnings volatile.

⚠ Operating cash flow declined to $875M in Q1 2026, lowest since Q2 2024; three-quarter trend down suggests working capital pressure.

⚠ Q4 2025 net loss ($117M) marked first quarterly loss in dataset; profitability recovery in Q1 2026 needs confirmation.

AI Insight: FNF Ratio Trends

FNF oscillates between strong and weak quarters; Q1 2026 shows margin recovery but profitability remains volatile quarter-to-quarter.

• Operating margin recovered to 15.4% in Q1 2026 from 11.1% in Q4 2025, reversing recent weakness.

• ROIC rebounded to 17.1% in Q1 2026 from 15.3% in Q4 2025, above TTM average of 15.3%.

• Net profit margin collapsed to -2.9% in Q4 2025 and remains volatile; TTM NPM of 5.1% masks underlying instability.

⚠ Quarterly profitability swings extreme: Q1 2025 NPM of 3.0% vs Q4 2024's 12.4%. Investigate underlying drivers.

⚠ Q4 2025 negative NPM (-2.9%) and ROA (-0.4%) signal potential one-off charge or seasonal loss; monitor recurrence.

⚠ Leverage creeping up: D/E rose to 0.61 in Q1 2026 from 0.53 in Q3 2025, approaching Q2 2024 peak.

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Available Research

13F Pro tracks comprehensive data for Fidelity National Financial, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of FNF

BlackRock, Inc.
$1.8B39,609,963 sh
WINDACRE PARTNERSHIP LLC
$969.5M20,902,800 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$568.8M12,263,260 sh
VANGUARD CAPITAL MANAGEMENT LLC
$534.3M11,519,603 sh
STATE STREET CORP
$441.4M9,517,558 sh
First Eagle Investment Management, LLC
$411.9M8,880,108 sh
CHARLES SCHWAB INVESTMENT MANAGEMENT INC
$354.1M7,634,943 sh
ALLIANCEBERNSTEIN L.P.
$292.7M5,360,912 sh
AQR CAPITAL MANAGEMENT LLC
$251.2M5,416,664 sh
GEODE CAPITAL MANAGEMENT, LLC
$241.3M5,215,751 sh

Fund	Value	Shares
BlackRock, Inc.	$1.8B	39,609,963
WINDACRE PARTNERSHIP LLC	$969.5M	20,902,800
VANGUARD PORTFOLIO MANAGEMENT LLC	$568.8M	12,263,260
VANGUARD CAPITAL MANAGEMENT LLC	$534.3M	11,519,603
STATE STREET CORP	$441.4M	9,517,558
First Eagle Investment Management, LLC	$411.9M	8,880,108
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$354.1M	7,634,943
ALLIANCEBERNSTEIN L.P.	$292.7M	5,360,912
AQR CAPITAL MANAGEMENT LLC	$251.2M	5,416,664
GEODE CAPITAL MANAGEMENT, LLC	$241.3M	5,215,751

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Is FNF a good stock to buy?

13F Pro's AI-powered analysis of Fidelity National Financial, Inc. (FNF) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for FNF are available on the FNF stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own FNF?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling FNF. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Fidelity National Financial, Inc.'s investment landscape.