Fidelity National Financial (FNF) Stock Analysis

November 11, 2026

This is a peer-relative look at Fidelity National Financial (FNF): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Insurance peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Fidelity National Financial (FNF)
Profile Item	FNF
Name	Fidelity National Financial, Inc.
Country/Region	United States
GICS Sector	Financials
GICS Industry Group	Insurance
GICS Industry	Insurance
GICS Sub-Industry	Property & Casualty Insurance
Market Capitalization	11.76 billion USD
Currency	USD
Exchange	NYSE
Listing Date	October 14, 2005
Security Type	Common Stock

Price Performance

Cumulative Growth

FNF

GSPC

Fidelity National Financial (FNF) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Fidelity National Financial (FNF) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Fidelity National Financial (FNF) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Fidelity National Financial (FNF) metric values compared with Insurance industry-group medians
Metric	Current stock: FNF	Industry group median
Total Return (1Y)	-16.26%	13.21%
Total Return (3Y, Annualized)	5.52%	16.41%
Total Return (5Y, Annualized)	2.84%	10.37%

Risk Profile

Drawdown History

FNF

GSPC

Fidelity National Financial (FNF) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Fidelity National Financial (FNF) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Fidelity National Financial (FNF) metric values compared with Insurance industry-group medians
Metric	Current stock: FNF	Industry group median
Volatility (1Y, Annualized)	27.95%	28.84%
Beta (5Y)	0.91	0.50
Max Drawdown (5Y)	-36.69%	-38.77%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. FNF is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Fidelity National Financial (FNF) metric values compared with Insurance industry-group medians
Metric	Current stock: FNF	Industry group median
Sharpe Ratio (1Y)	-0.73	0.28
Sortino Ratio (1Y)	-1.00	0.41

Profitability

ROE (TTM)

Fidelity National Financial (FNF) posts ROE of 15.10%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

FNF

Insurance industry group

15.10%

Group distribution

Max: 41.68%
Q3: 22.04%
FNF: 15.10%
Median: 14.81%
Q1: 8.79%
Min: -10.66%

Largest peers

PGR: 33.24%
TRV: 27.50%
MRSH: 27.24%
FNF: 15.10%
CB: 14.25%
MFC: 12.24%
AJG: 7.21%

Where Fidelity National Financial (FNF) stands on ROE within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Fidelity National Financial (FNF) keeps 7.00% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

FNF

Insurance industry group

7.00%

Group distribution

Max: 29.92%
Q3: 17.03%
Median: 10.97%
FNF: 7.00%
Q1: 6.21%
Min: -4.68%

Largest peers

MFC: 18.97%
CB: 18.13%
TRV: 17.03%
MRSH: 14.20%
PGR: 12.67%
AJG: 10.78%
FNF: 7.00%

Where Fidelity National Financial (FNF) stands on net margin within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

operating margin is set aside for Fidelity National Financial (FNF) in Insurance: the operating-income line is not a clean boundary for this business model, so net margin, ROE, FFO, or industry-specific measures may be more useful.

Profitability Metrics

Fidelity National Financial (FNF) metric values compared with Insurance industry-group medians
Metric	Current stock: FNF	Industry group median
ROE (TTM)	15.10%	14.81%
ROA (TTM)	1.54%	2.72%
Net Margin (TTM)	7.00%	10.97%
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Fidelity National Financial (FNF) grew revenue 5.88%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Fidelity National Financial (FNF): Revenue Growth across different time periods, set against Insurance industry-group medians.

EPS Growth

Fidelity National Financial (FNF) grew earnings per share -52.47%, in the lower peer quartile. Per-share profits are advancing more slowly than at most peers, so margins, costs, or share count deserve a closer look.

Fidelity National Financial (FNF): EPS Growth across different time periods, set against Insurance industry-group medians.

Growth Metrics

Fidelity National Financial (FNF) metric values compared with Insurance industry-group medians
Metric	Current stock: FNF	Industry group median
Revenue Growth (YoY)	5.88%	7.89%
Revenue Growth (3Y CAGR)	7.27%	11.40%
EPS Growth (YoY)	-52.47%	21.77%
EPS Growth (3Y CAGR)	-18.62%	18.46%

Financial Strength

Current Ratio (MRQ)

current ratio is set aside for Fidelity National Financial (FNF) in Insurance: these balance sheets are not best read through a current/non-current split, so regulatory, funding, or liquidity-coverage measures usually matter more.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for Fidelity National Financial (FNF) in Insurance: leverage is part of the business model itself, so capital adequacy, funding mix, and regulatory measures are usually better risk gauges.

Financial Strength Metrics

Fidelity National Financial (FNF) metric values compared with Insurance industry-group medians
Metric	Current stock: FNF	Industry group median
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Fidelity National Financial (FNF) has dividend yield of 4.85%, in the upper peer-yield quartile while still inside the industry range. The dividend offers more cash income per dollar of share price than most peers, though payout coverage still matters.

FNF

Insurance industry group

4.85%

Group distribution

Max: 5.12%
FNF: 4.85%
Q3: 2.15%
Median: 0.98%
Q1: 0.00%
Min: 0.00%

Largest peers

FNF: 4.85%
MFC: 4.32%
MRSH: 1.80%
TRV: 1.17%
CB: 1.07%
AJG: 0.95%
PGR: 0.17%

Where Fidelity National Financial (FNF) stands on dividend yield within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Fidelity National Financial (FNF) has payout ratio of 53.20%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

FNF

Insurance industry group

53.20%

Group distribution

Max: 76.67%
FNF: 53.20%
Q3: 35.18%
Median: 14.74%
Q1: 0.00%
Min: 0.00%

Largest peers

PGR: 70.03%
MFC: 54.30%
FNF: 53.20%
MRSH: 44.14%
AJG: 41.98%
CB: 13.95%
TRV: 12.36%

Where Fidelity National Financial (FNF) stands on payout ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Fidelity National Financial (FNF) metric values compared with Insurance industry-group medians
Metric	Current stock: FNF	Industry group median
Dividend Yield (TTM)	4.85%	0.98%
Dividend Payout Ratio (TTM)	53.20%	14.74%

Valuation

P/E Ratio (TTM)

Fidelity National Financial (FNF) trades at P/E ratio of 11.21, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

FNF

Insurance industry group

11.21

Group distribution

Max: 28.37
Q3: 18.75
Median: 12.23
FNF: 11.21
Q1: 9.08
Min: 2.32

Largest peers

AJG: 42.99
MRSH: 24.50
MFC: 17.23
CB: 12.79
PGR: 11.47
FNF: 11.21
TRV: 10.39

Where Fidelity National Financial (FNF) stands on P/E ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Fidelity National Financial (FNF) trades at 0.79 on P/S ratio, in the lower sales-valuation quartile for its industry. That points to a cheaper revenue stream than most peers, with margin quality still doing the heavy lifting.

FNF

Insurance industry group

0.79

Group distribution

Max: 4.03
Q3: 2.25
Median: 1.23
Q1: 0.85
FNF: 0.79
Min: 0.07

Largest peers

AJG: 4.58
MRSH: 3.42
CB: 2.25
MFC: 2.11
TRV: 1.66
PGR: 1.44
FNF: 0.79

Where Fidelity National Financial (FNF) stands on P/S ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Fidelity National Financial (FNF) trades at 1.59 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

FNF

Insurance industry group

1.59

Group distribution

Max: 5.07
Q3: 2.79
Median: 1.76
FNF: 1.59
Q1: 1.23
Min: 0.30

Largest peers

MRSH: 6.64
PGR: 3.82
AJG: 3.00
TRV: 2.79
MFC: 2.13
CB: 1.91
FNF: 1.59

Where Fidelity National Financial (FNF) stands on P/B ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Fidelity National Financial (FNF) metric values compared with Insurance industry-group medians
Metric	Current stock: FNF	Industry group median
P/E Ratio (TTM)	11.21	12.23
P/S Ratio (TTM)	0.79	1.23
P/B Ratio (MRQ)	1.59	1.76
Free Cash Flow Yield (TTM)	--	--