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Fidelity National Financial FNF Universal Life — Contract With Customer, Amortization

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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$12.6B-29.7%
Enterprise value$14.9B-18.3%
P/E13.1×
P/S0.8×-0.5×

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 fnf:ContractWithCustomerAmortization.

The official record: Fidelity National Financial’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Fidelity National Financial's universal life — contract with customer, amortization?
Fidelity National Financial (FNF) reported universal life — contract with customer, amortization of $7M in Q4 2025.
How has Fidelity National Financial's universal life — contract with customer, amortization changed year-over-year?
Fidelity National Financial's universal life — contract with customer, amortization increased by 40.0% year-over-year, from $5M to $7M.
What is the long-term trend for Fidelity National Financial's universal life — contract with customer, amortization?
Over 3 years (2022 to 2025), Fidelity National Financial's universal life — contract with customer, amortization has grown at a 40.9% compound annual growth rate (CAGR), from $10M to $28M.
What does universal life — contract with customer, amortization mean?
The annual expense recognized from spreading out the costs of acquiring new insurance policies.
How do you interpret universal life — contract with customer, amortization?
Increasing amortization often follows periods of high sales growth, while sudden spikes may indicate accelerated write-offs of acquisition costs.
How does universal life — contract with customer, amortization compare across companies?
Standard 'DAC Amortization' expense found in the financial statements of life insurance underwriters.