How do you interpret immediate annuities — liability for future policy benefit?

An increase suggests growth in the annuity portfolio or changes in actuarial assumptions, while a decrease may indicate portfolio runoff or favorable mortality experience.

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

Standard insurance liability metric found in most life and annuity companies under GAAP or IFRS frameworks.

Fidelity National Financial FNF Immediate Annuities — 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%

PRUIndividual Annuities — Future Policy Benefits, Losses, Claims Expenses

$11.04B-48.2%

METFixed & Immediate Annuities — Net liability for FPBs

$78.65B+15.4%

METFixed & Immediate Annuities — Net liability for FPBs, net of reinsurance

$66.42B+0.8%

PFGFixed Annuity — Liability For Future Policy Benefits

$4.24B-5.6%

UHAL.BIndexed Annuity — Liability For 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

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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$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-K, filed February 29, 2024, on SEC EDGAR. View the filing →

Questions, answered.

What does immediate annuities — liability for future policy benefit mean?: The total estimated amount the company expects to pay out to immediate annuity policyholders in the future.
How do you interpret immediate annuities — liability for future policy benefit?: An increase suggests growth in the annuity portfolio or changes in actuarial assumptions, while a decrease may indicate portfolio runoff or favorable mortality experience.
How does immediate annuities — liability for future policy benefit compare across companies?: Standard insurance liability metric found in most life and annuity companies under GAAP or IFRS frameworks.