What does FIA — liability for future policy benefit mean?

The estimated total amount of money the company expects to pay out to fixed index annuity policyholders in the future.

How do you interpret FIA — liability for future policy benefit?

An increase suggests growth in the annuity book of business or a change in actuarial assumptions requiring higher reserves, while a decrease may indicate a shrinking portfolio or favorable assumption adjustments.

How does FIA — liability for future policy benefit compare across companies?

Comparable to 'Future Policy Benefits' or 'Insurance Contract Liabilities' reported by life insurance and annuity peers under GAAP or IFRS accounting standards.

Fidelity National Financial FNF FIA — Liability for future policy benefit

Discontinued — last reported Q4 '20

Similar metrics at other companies

PFGFixed Annuity — Liability For Future Policy Benefit Expected Future Policy Benefit Issuance

$5.5M-32.1%

PFGFixed Annuity — Liability For Future Policy Benefits

$4.24B-5.6%

EQHFuture policyholder benefits total — Future policy benefits and other policyholders’ liabilities

$15.34B+0.9%

HIGFixed Annuity — Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change

$119M-7.8%

UHAL.BIndexed Annuity — Liability For Future Policy Benefits

——

VOYAIndividual and group life insurance contracts — Future policy benefits

——

Other financials

Income statement

See full

Revenue$3.2B+18.2%

Net income$243.0M+193%

EPS (diluted)$0.90+200%

Balance sheet

See full

Cash & equivalents$2.5B-45.0%

Total debt$4.8B-0.7%

Total equity$7.3B-8.1%

Total assets$111.50B+13.5%

Cash flow

See full

Operating cash flow$875.0M-21.5%

Valuation

See full

Market cap$12.6B-29.7%

Enterprise value$14.9B-18.3%

P/E13.1×—

P/S0.8×-0.5×

Profitability

See full

Net margin8.3%—

Returns & leverage

See full

Return on equity14.2%—

Debt / equity0.7×0.0×

Where this comes from

Reported directly by Fidelity National Financial in its filing.

Tagged under the XBRL concept fnf:LiabilityForFuturePolicyBenefitExpectedNetPremiumExpectedFuturePolicyBenefitsBeforeReinsuranceAfterDiscountRateChangeAndDeferredProfitLiability.

The official record: Fidelity National Financial’s 10-Q, filed November 8, 2023, on SEC EDGAR. View the filing →

Questions, answered.

What does FIA — liability for future policy benefit mean?: The estimated total amount of money the company expects to pay out to fixed index annuity policyholders in the future.
How do you interpret FIA — liability for future policy benefit?: An increase suggests growth in the annuity book of business or a change in actuarial assumptions requiring higher reserves, while a decrease may indicate a shrinking portfolio or favorable assumption adjustments.
How does FIA — liability for future policy benefit compare across companies?: Comparable to 'Future Policy Benefits' or 'Insurance Contract Liabilities' reported by life insurance and annuity peers under GAAP or IFRS accounting standards.