XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Investments:    
Fixed maturity securities, available-for-sale, at fair value (amortized cost: June 30, 2020 - $24,445; December 31, 2019 - $2,029 and allowance for expected credit losses: June 30, 2020 - $701; December 31, 2019 - $0) $ 25,114 $ 2,090
Derivative investments 333 0
Mortgage loans, net of allowance for credit losses of $28 at June 30, 2020 1,749 0
Investments in unconsolidated affiliates 1,191 131
Other long-term investments 466 153
Short-term investments 209 876
Total investments 30,968 4,384
Cash and cash equivalents, at June 30, 2020 and December 31, 2019 includes $327 and $384, respectively, of pledged cash related to secured trust deposits 2,353 1,376
Trade and notes receivables, net of allowance of $26 and $20 at June 30, 2020 and December 31, 2019, respectively 334 346
Reinsurance recoverable, net of allowance for credit losses of $22 at June 30, 2020 3,182 0
Goodwill 4,452 2,727
Prepaid expenses and other assets 805 432
Lease assets 393 410
Other intangible assets, net 2,435 422
Title plants 404 404
Property and equipment, net 173 176
Assets of discontinued operations 2,502 0
Total assets 48,001 10,677
Liabilities:    
Contractholder funds 26,628 0
Future policy benefits 4,092 0
Accounts payable and accrued liabilities 2,135 1,094
Notes payable 2,430 838
Reserve for title claim losses 1,528 1,509
Funds withheld for reinsurance liabilities 817 0
Secured trust deposits 735 791
Lease liabilities 430 442
Income taxes payable 92 10
Deferred tax liability 74 284
Liabilities of discontinued operations 2,347 0
Total liabilities 41,308 4,968
Commitments and Contingencies
Redeemable non-controlling interest by 21% minority holder of ServiceLink Holdings, LLC 344 344
Equity:    
FNF common stock, $0.0001 par value; authorized 600,000,000 shares as of June 30, 2020 and December 31, 2019; outstanding of 291,733,083 and 275,563,436 as of June 30, 2020 and December 31, 2019, respectively, and issued of 318,842,665 and 292,236,476 as of June 30, 2020 and December 31, 2019, respectively 0 0
Preferred stock, $0.0001 par value; authorized 50,000,000 shares; issued and outstanding, none 0 0
Additional paid-in capital 5,431 4,581
Retained earnings 1,417 1,356
Accumulated other comprehensive earnings 429 43
Less: Treasury stock, 27,109,582 shares and 16,673,040 shares as of June 30, 2020 and December 31, 2019, respectively, at cost (919) (598)
Total Fidelity National Financial, Inc. shareholders’ equity 6,358 5,382
Non-controlling interests (9) (17)
Total equity 6,349 5,365
Total liabilities, redeemable non-controlling interest and equity 48,001 10,677
Preferred securities    
Investments:    
Securities, at fair value 1,203 323
Equity securities    
Investments:    
Securities, at fair value $ 703 $ 811