Fidelity National Financial Reports 11.4% Revenue Growth in Q2 2026

Fidelity National Financial, Inc. (FNF) reported a notable increase in its financial performance for the second quarter of 2026, with total revenues reaching $4.051 billion, up from $3.635 billion in the same period last year. This represents a 11.4% increase year-over-year. For the first half of 2026, revenues also rose to $7.277 billion, compared to $6.364 billion in the first half of 2025. The growth was primarily driven by increases in direct title insurance premiums, which rose to $767 million from $632 million, and agency title insurance premiums, which increased to $967 million from $839 million. Additionally, escrow and title-related fees contributed $1.173 billion, although this was a slight decrease from $1.289 billion in the previous year.

Despite the revenue growth, FNF's net earnings for the second quarter decreased to $276 million, down from $293 million in the prior year, while net earnings for the first half increased to $597 million from $376 million. The decline in quarterly net earnings was attributed to higher expenses, which totaled $3.713 billion, compared to $3.253 billion in the same quarter of 2025. Key expense categories included personnel costs, which rose to $965 million from $867 million, and benefits and other changes in policy reserves, which increased to $1.149 billion from $993 million.

Strategically, FNF completed the sale of its Bermuda-based subsidiary, F&G Life Re, to Ancient Financial Holdings, resulting in a pre-tax gain of approximately $14 million. This transaction, finalized on March 1, 2026, allowed FNF to deconsolidate F&G Life Re, which is now managed under a new forward flow reinsurance agreement. The company also reported a significant increase in its cash and cash equivalents, which rose to $3.582 billion as of June 30, 2026, compared to $2.636 billion at the end of 2025.

Operationally, FNF's title segment saw an increase in closed title insurance orders, with 273,000 orders closed in the second quarter of 2026, up from 246,000 in the same quarter of 2025. The average fee per file in direct operations also increased to $4,107 from $3,894. The company reported a total of 391,000 opened title insurance orders in the second quarter, reflecting a growing demand in the real estate market, which is influenced by factors such as mortgage interest rates and housing inventory.

Looking ahead, FNF remains cautiously optimistic about its growth trajectory, with expectations of continued demand for its title insurance and related services. The company is closely monitoring market conditions, including interest rates and real estate activity, which are critical to its operations. The outlook for the U.S. residential mortgage origination market suggests a stable environment, with the Mortgage Bankers Association forecasting a slight increase in purchase originations in the coming years.