FIDELITY NATIONAL FINANCIAL INC
Q4 2025 Form 13-F

The Corporate and Other segment encompasses FNF's real estate technology subsidiaries and other smaller businesses, along with unallocated corporate overhead expenses. This segment supports the company's primary operations with technology solutions and additional services.

FNF's competitive strengths include strong brand recognition, established customer relationships, and a history of successful operations in a cyclical industry. The company has a strategic focus on maximizing operating profits through market share gains and cost management. This involves operating multiple brands independently, consistently delivering superior customer service, and investing in technology enhancements.

The company faces competition from other major title underwriters such as First American Financial Corporation, Old Republic International Corporation, Stewart Information Services Corporation, and Westcor Land Title Insurance Company, as well as regional title companies and independent agency operations. FNF is regulated by state insurance laws and the Consumer Financial Protection Bureau (CFPB), with subsidiaries subject to periodic regulatory examinations.

Financially, FNF's primary source of cash is dividends or distributions from its subsidiaries, governed by state insurance regulations. As of December 31, 2023, the company's combined statutory capital and surplus was approximately $1.225 billion, and their combined statutory earnings were $503 million for the year.

Overall, Fidelity National Financial, Inc. stands as a significant player in the title insurance industry, leveraging its extensive network and diversified operations to provide comprehensive services to the real estate and mortgage sectors.