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Fidelity National Financial FNF Universal Life — Deferred Policy Acquisition Costs, Amortization Expense

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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 us-gaap:DeferredPolicyAcquisitionCostAmortizationExpense.

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 itemIndexed AnnuitiesFixed Rate AnnuitiesUniversal LifeTotal (a)
Balance at January 1, 2026$2,205$402$1,021$3,628
Capitalization126877211
Amortization(54)(28)(16)(98)
Balance at March 31, 2026$2,277$382$1,082$3,741
Indexed AnnuitiesFixed Rate AnnuitiesUniversal LifeTotal (a)
(In millions)
Balance at January 1, 2025$1,874$376$781$3,031
Capitalization1262169216

Cover / Front Matter

FAQ

What is Fidelity National Financial's universal life — deferred policy acquisition costs, amortization expense?
Fidelity National Financial (FNF) reported universal life — deferred policy acquisition costs, amortization expense of $16M in Q1 2026.
How has Fidelity National Financial's universal life — deferred policy acquisition costs, amortization expense changed year-over-year?
Fidelity National Financial's universal life — deferred policy acquisition costs, amortization expense increased by 33.3% year-over-year, from $12M to $16M.
What is the long-term trend for Fidelity National Financial's universal life — deferred policy acquisition costs, amortization expense?
Over 3 years (2022 to 2025), Fidelity National Financial's universal life — deferred policy acquisition costs, amortization expense has grown at a 35.3% compound annual growth rate (CAGR), from $21M to $52M.
What does universal life — deferred policy acquisition costs, amortization expense mean?
The periodic expense recognized to systematically reduce the deferred policy acquisition cost asset. This expense matches the cost of acquiring policies with the revenue generated over the life of those policies.

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