Investor Update
Summer 2021
Legal Disclosure
This presentation may contain forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements regarding our expectations, hopes, intentions or strategies regarding the future are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: changes in general economic, business and political conditions, including changes in the financial markets; weakness or adverse changes in the level of real estate activity, which may be caused by, among other things, high or increasing interest rates, a limited supply of mortgage funding or a weak U. S. economy; our potential inability to find suitable acquisition candidates, acquisitions in lines of business that will not necessarily be limited to our traditional areas of focus, or difficulties in integrating acquisitions; our dependence on distributions from our title insurance underwriters as a main source of cash flow; significant competition that our operating subsidiaries face; compliance with extensive government regulation of our operating subsidiaries; and other risks detailed in the "Statement Regarding Forward-Looking Information," "Risk Factors" and other sections of the Company's Form 10-K and other filings with the Securities and Exchange Commission.
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Organization
Fidelity National Financial, Inc. is the leading provider of title insurance and settlement services to the real estate and mortgage industries
- The nation's largest title insurance and settlement services company
- Most diversified competitor from a geographic, product, and revenue channel perspective
- #1 market share in the residential purchase, refinance, and commercial markets
- FNF holds the #1 or #2 market position in 42 states
FGL Holdings ("F&G") is a leading provider of annuity and life insurance, concentrated in the middle-income market
- Top 5 Fixed Indexed Annuity ("FIA") writer in the industry
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Investor Update
Investment Highlights
- Nation's leading provider of title insurance and transaction services to the real estate and mortgage industries
- Nation's largest title insurance company with long-timeindustry-leading margins
- Leading player in residential purchase, refinance and commercial markets
- Strong performer in varying market conditions; clear way to benefit from U.S. real estate market
- F&G is a leading provider of retirement and life insurance solutions for nearly 700,000 customers
- Offering Fixed Indexed Annuities, Multi-Year Guarantee Annuities (MYGA) and Indexed Universal Life (IUL) in retail market
- Diversified growth strategy on track one year post acquisition; F&G has entered the institutional market, with funding agreement- backed note issuance in June 2021 and pension risk transfer transaction expected to close in August 2021
- Favorable ratings outlook and momentum
- Solid balance sheet enables payment of cash dividend, repurchase of shares, strategic acquisitions, continued investment in core businesses and future repayment of debt
- Long track record of creating value for shareholders
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FNF - Title Insurance Market Share
First Total
American
23.3%
Stewart Title
9.6%
Fidelity
National
Financial
32.9%
First Direct |
Others |
Old Republic
First Agent
Fidelity
American | ||
25.8% | Fidelity | 19.2% |
National | ||
Financial |
American
15.0% 21.9%
National
Financial
27.6%
Stewart
Title
42.0%
Stewart
Title
8.8%
10.8%
Old
OthersRepublic
15.4% 6.0%
Others
21.5%
Old
Republic
20.2%
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Source: ALTA Market Share -2020 Market Share - Family-Company Summary
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Disclaimer
Fidelity National Financial Inc. published this content on 19 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 August 2021 14:43:06 UTC.