Fidelity National Financial

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Fidelity National Financial
Public
Traded asNYSEFNF
Russell 1000 Component
IndustryFinancial Sector
Founded1847; 171 years ago (1847)
HeadquartersJacksonville, Florida, U.S.
Key people
William P. Foley II - Chairman of the Board
Raymond R. Quirk - CEO
Michael J. Nolan - President
Brent B. Bickett - VP
Anthony J. Park - Chief Financial Officer
ProductsTitle insurance, mortgage services & other diversified services
RevenueIncrease$6.494 billion USD (nine months ending September 30, 2013)
Increase$344 million USD (nine months ending September 30, 2013)
Number of employees
19,500
Websitewww.fnf.com

Fidelity National Financial, Inc. (NYSE:FNF), a Fortune 500 company,[1] is the United States' largest provider of commercial and residential mortgage and diversified services. FNF generates approximately seven billion in annual revenue from their title and real estate related operations. Fidelity National Financial, Inc. is currently ranked number 274 on Fortune’s list of America’s Largest Companies. The title insurance underwriters that comprise Fidelity National Title Group (FNTG) – Fidelity National Title, Chicago Title, Commonwealth Land Title, Security Title Agency, Ticor Title, and Alamo Title – currently issue residential and commercial title insurance policies for multimillion-dollar properties throughout the U.S.[2]

Fidelity National Title Group[edit]

Fidelity National Title Group (FNTG), a subsidiary of FNF established in 2005, provides title insurance and escrow services. Title insurance brand names in the FNTG include Aero Records and Title, Alamo Title Insurance, Chicago Title Insurance Company, Commonwealth, Fidelity National Title, Lawyers Title, Security Union, and Ticor Title Insurance. The FNTG website claims that the group underwriters issue approximately half of the title insurance contracts in the United States. FNTG provides additional real estate related services through brand names such as Fidelity National Home Warranty, ServiceLink, and Fidelity Residential Solutions. For example, Fidelity Residential Solutions provides title insurance and closings services for relocation companies. Fidelity National Title Group owns and operates the consumer education website title.com.

In March 2018, FNTG signed a merger agreement with Stewart Title. [3]

The CFA asked the DOJ to block the planned merger on the grounds it would concentrate too much of the market under the FNTG banner. [4]

American Blue Ribbon Holdings[edit]

In addition to its title insurance operations, Black Knight Financial Services LLC, ServiceLink Holdings LLC, and other operations, FNF owns a 55% stake in American Blue Ribbon Holdings, LLC, a restaurant owner and operator of the O'Charley's, Ninety Nine Restaurant, Village Inn, and Bakers Square concepts. FNF also owns 100% of J. Alexander's, an upscale dining concept, which also owns Stoney River Legendary Steaks. In addition, FNF owns Digital Insurance, Inc., owns a 51% stake in Remy International, Inc. and a minority interest in Ceridian Corporation.[5]

See also[edit]

External links[edit]

  • Website of American Blue Ribbon Holdings

References[edit]

  1. ^ "Fidelity National Financial". Fortune. Retrieved 2018-12-01.
  2. ^ http://www.investor.fnf.com/releasedetail.cfm?CompID=FNT&ReleaseID=741466
  3. ^ "Stewart Announces Agreement to be Acquired by Fidelity National Financial". Business Wire. Retrieved 21 June 2018.
  4. ^ Hunter, Robert. "CFA Asks DOJ to Block Merger of Title Insurance Giants Fidelity National and Stewart Information Services". Consumer Federation of America. Retrieved 21 June 2018.
  5. ^ http://www.investor.fnf.com/releasedetail.cfm?CompID=FNT&ReleaseID=741466