Profile: Fidelity National Financial Inc (FNF.N)
11 Jul 2014
Fidelity National Financial, Inc. (FNF), incorporated on May 24, 2005, is a holding company. The Company, through its subsidiaries, provides title insurance, mortgage services and diversified services. The Company operates in four segments: Fidelity National Title Group, Remy, Restaurant Group, Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF’s 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’s sales guarantees, recordings and reconveyances, and home warranty insurance. The Remy segment is a designer, manufacturer, remanufacturer, marketer and distributor of aftermarket and original equipment electrical components for automobiles, light trucks, heavy-duty trucks and other vehicles. The Restaurant Group segment consists of the operations of ABRH, in which the Company has a 55% ownership interest. ABRH is the owner and operator of the O'Charley's, Ninety Nine Restaurants, Max & Erma's, Village Inn, Bakers Square, and Stoney River Steaks. The corporate and other segment consists of the operations of the holding company. In May 2012, it sold an 85% interest in its personal lines business to an affiliate of WT Holdings, Inc. In July 2012, the Company’s, ServiceLink, acquired Newport Beach, California-based DRI Management Systems (DRI) and launched ServiceLink Fusion, a servicing workflow platform. In October 2012, the Company's indirect wholly owned subsidiary New Athena Merger Sub Inc merged with J Alexander's Corp. In December 2012, the Company acquired Digital Insurance, Inc. Effective July 31, 2013, Fidelity National Financial Inc raised its interest to 39% from 31%, by acquiring a further 8% interest, in Ecosphere Energy Services LLC, from Ecosphere Technologies Inc. In January 2014, FNF announced the closing of its acquisition of Lender Processing Services, Inc. On January 2, 2014, FNF formed a wholly owned subsidiary Black Knight Financial Services, Inc.
The Company owns a minority interest in Ceridian Corporation (Ceridian), a provider of global human capital management and payment solutions. It also owns a minority interest in Remy International, Inc. (Remy), a designer, manufacturer, remanufacturer, marketer and distributor of aftermarket and original equipment electrical components for automobiles, light trucks, heavy-duty trucks and other vehicles; and American Blue Ribbon Holdings, LLC, an owner and operator of the Village Inn, Bakers Square and Max & Erma's restaurants.
The Company provides title insurance services through its direct operations and through independent title insurance agents who issue title policies on behalf of its title insurance companies. In its direct operations, the title insurer issues the title insurance policy and retains the entire premium paid in connection with the transaction. The Company’s commercial real estate title insurance business is operated through its direct operations. The Company maintains direct operations for its commercial title insurance business in the real estate markets, including New York, Los Angeles, Chicago, Atlanta, Dallas, Philadelphia, Phoenix, Seattle and Houston. In the Company’s agency operations, the search and examination function is performed by an independent agent or the agent may purchase the search and examination from it. As of December 31, 2012, the Company transacted business with over 5,000 agents.
Fidelity National Financial Inc
601 Riverside Avenue
JACKSONVILLE FL 32204