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Fidelity National Financial FNF Immediate annuities — Lapses

Similar metrics at other companies

F&G Annuities & Life logo
FGImmediate annuities — Lapse rate
0%
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FGImmediate annuities — Issuances
$5M+66.7%
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METFixed & Immediate Annuities — Issuances
$890M+44.0%
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FGImmediate annuities — Interest accrual
$1M0.0%
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FGImmediate annuities — Interest Expense
$13M0.0%
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FGImmediate annuities — Mortality rate
1.7%-1.3pp

Other financials

Income statement

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Revenue$3.2B+18.2%
Net income$243.0M+193%
EPS (diluted)$0.90+200%

Balance sheet

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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

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Operating cash flow$875.0M-21.5%

Valuation

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Market cap$13.75B-13.9%
Enterprise value$16.06B-8.3%
P/E14.3×
P/S0.9×-0.3×

Profitability

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Net margin8.3%

Returns & leverage

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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 us-gaap:LongDurationContractsAssumptionsByProductAndGuaranteeLapseRate.

The source filing: Fidelity National Financial’s 10-Q, filed May 8, 2026.

Filed
May 8, 2026, 4:03 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001331875-26-000042
Line itemTraditional lifeImmediate annuitiesPRT
Mortality
Actual experience1.3%1.1%3.5%
Expected experience1.6%1.7%2.5%
Lapses
Actual experience
Expected experience0.5%

Cover / Front Matter

FAQ

What is Fidelity National Financial's immediate annuities — lapses?
Fidelity National Financial (FNF) reported immediate annuities — lapses of 0% in Q1 2026.
What does immediate annuities — lapses mean?
This measures the rate at which policyholders terminate their annuity contracts prior to the expected maturity or death benefit trigger. For immediate annuities, lapse rates are generally low but can be influenced by surrender charges and market interest rate environments. High lapse rates can disrupt expected cash flow matching.

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