Profile: Fidelity National Financial Inc (FNF.N)
27 Jul 2016
Fidelity National Financial, Inc. (FNF), incorporated on May 24, 2005, is a holding company. The Company is a provider of title insurance, technology and transaction services to the real estate and mortgage industries. The Company's segments include Title, Black Knight, FNF Core Corporate and Other, Restaurant Group, and FNFV Corporate and Other. Its business is organized into groups, including FNF Core Operations and FNF Ventures (FNFV). The Company offers title insurance through its title insurance underwriters: Fidelity National Title Insurance Company, Chicago Title Insurance Company, Commonwealth Land Title Insurance Company, Alamo Title Insurance and National Title Insurance of New York Inc., which collectively issue more title insurance policies than any other title company in the United States. The Company, through its subsidiary, ServiceLink Holdings, LLC (ServiceLink), provides mortgage transaction services, including title-related services and facilitation of production and management of mortgage loans. FNF also provides mortgage technology solutions, including MSP, a residential mortgage servicing technology platform in the United States, through its subsidiary, Black Knight Financial Services, Inc. (Black Knight). The Company, through its FNFV group, owns investment stakes in a number of entities, including American Blue Ribbon Holdings, LLC (ABRH), Ceridian HCM, Inc. and Fleetcor Technologies, Inc. (collectively Ceridian) and Digital Insurance, Inc. (Digital Insurance).
FNF Core Operations
The Company's FNF Core Operations consist of Title, Black Knight, and FNF Core Corporate and Other. The Title segment consists of the operations of its title insurance underwriters and related businesses. This segment provides core title insurance and escrow and other title related services, including collection and trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty insurance. This segment also includes the transaction services business acquired from Lender Processing Services, Inc. (LPS), combined with its ServiceLink business. Transaction services include other title-related services used in the production and management of mortgage loans, including mortgage loans that experience default.
The Company's Black Knight segment consists of the operations of Black Knight, which, through software systems and information solutions, provides technology and data and analytics services that facilitate and automate many of the business processes across the life cycle of a mortgage. The Company's FNF Core Corporate and Other segment consists of the operations of the parent holding company, certain other unallocated corporate overhead expenses, and other smaller real estate and insurance-related operations.
The Company's FNFV segment consists of Restaurant Group, and FNFV Corporate and Other. The Restaurant Group segment consists of the operations of ABRH, in which the Company holds interest. ABRH and its affiliates are the owners and operators of the O'Charley's, Ninety Nine Restaurants, Max & Erma's, Village Inn, Bakers Square, and Legendary Baking concepts. The FNFV Corporate and Other segment primarily consists of its share in the operations of certain equity investments, including Ceridian, as well as consolidated investments, including Digital Insurance, in which the Company holds interest, and other smaller operations which are not title related.
The Company competes with First American Financial Corporation, Old Republic International Corporation and Stewart Information Services Corporation.
Fidelity National Financial Inc
601 Riverside Ave
JACKSONVILLE FL 32204-2901