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Fidelity National Financial FNF Universal Life — Deferred acquisition costs

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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$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 fnf:DeferredPolicyAcquisitionCostsIncludingFundingAgreements.

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 itemMarch 31, 2026December 31, 2025
Indexed Annuities$2,277$2,205
Fixed Rate Annuities382402
Universal Life1,0821,021
FABN75
PRT44
Total$3,752$3,637

Cover / Front Matter

FAQ

What is Fidelity National Financial's universal life — deferred acquisition costs?
Fidelity National Financial (FNF) reported universal life — deferred acquisition costs of $1.08B in Q1 2026.
How has Fidelity National Financial's universal life — deferred acquisition costs changed year-over-year?
Fidelity National Financial's universal life — deferred acquisition costs increased by 29.1% year-over-year, from $838M to $1.08B.
What is the long-term trend for Fidelity National Financial's universal life — deferred acquisition costs?
Over 2 years (2023 to 2025), Fidelity National Financial's universal life — deferred acquisition costs has grown at a 40.7% compound annual growth rate (CAGR), from $1.87B to $3.71B.
What does universal life — deferred acquisition costs mean?
The total balance of deferred acquisition costs, including those associated with funding agreements and other insurance-related contracts. This represents the total investment in customer acquisition that has not yet been expensed.

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