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Fidelity National Financial ROE %

: 20.68% (As of Jun. 2022)
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ROE % is calculated as Net Income attributable to Common Stockholders (Net Income minus dividends to participating security holders) divided by its average Total Stockholders Equity over a certain period of time. Fidelity National Financial's annualized net income attributable to common stockholders for the quarter that ended in Jun. 2022 was $1,528 Mil. Fidelity National Financial's average Total Stockholders Equity over the quarter that ended in Jun. 2022 was $7,390 Mil. Therefore, Fidelity National Financial's annualized ROE % for the quarter that ended in Jun. 2022 was 20.68%.

The historical rank and industry rank for Fidelity National Financial's ROE % or its related term are showing as below:

FNF' s ROE % Range Over the Past 10 Years
Min: 8.45   Med: 14.31   Max: 27.27
Current: 24.12

During the past 13 years, Fidelity National Financial's highest ROE % was 27.27%. The lowest was 8.45%. And the median was 14.31%.

FNF's ROE % is ranked better than
92.23% of 502 companies
in the Insurance industry
Industry Median: 7.97 vs FNF: 24.12

Fidelity National Financial ROE % Historical Data

The historical data trend for Fidelity National Financial's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fidelity National Financial Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.77 13.84 21.21 20.78 27.27

Fidelity National Financial Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
ROE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.93 32.21 22.75 18.16 20.68

Competitive Comparison

For the Insurance - Specialty subindustry, Fidelity National Financial's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Fidelity National Financial ROE % Distribution

For the Insurance industry and Financial Services sector, Fidelity National Financial's ROE % distribution charts can be found below:

* The bar in red indicates where Fidelity National Financial's ROE % falls into.



Fidelity National Financial ROE % Calculation

Fidelity National Financial's annualized ROE % for the fiscal year that ended in Dec. 2021 is calculated as

ROE %=Net Income attributable to Common Stockholders (A: Dec. 2021 )/( (Total Stockholders Equity (A: Dec. 2020 )+Total Stockholders Equity (A: Dec. 2021 ))/ count )
=2422/( (8351+9414)/ 2 )
=2422/8882.5
=27.27 %

Fidelity National Financial's annualized ROE % for the quarter that ended in Jun. 2022 is calculated as

ROE %=Net Income attributable to Common Stockholders (Q: Jun. 2022 )/( (Total Stockholders Equity (Q: Mar. 2022 )+Total Stockholders Equity (Q: Jun. 2022 ))/ count )
=1528/( (8077+6703)/ 2 )
=1528/7390
=20.68 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income attributable to common stockholders of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income attributable to common stockholders data used here is four times the quarterly (Jun. 2022) net income attributable to common stockholders data. ROE % is displayed in the 30-year financial page.


Fidelity National Financial  (NYSE:FNF) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %**(Q: Jun. 2022 )
=Net Income/Total Stockholders Equity
=1528/7390
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1528 / 10292)*(10292 / 61043.5)*(61043.5 / 7390)
=Net Margin %*Asset Turnover*Equity Multiplier
=14.85 %*0.1686*8.2603
=ROA %*Equity Multiplier
=2.5 %*8.2603
=20.68 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %**(Q: Jun. 2022 )
=Net Income/Total Stockholders Equity
=1528/7390
=(Net Income /Pre-Tax Income) * (Pre-Tax Income/Operating Income) * (Operating Income/Revenue) * (Revenue/Total Assets) * (Total Assets/Total Stockholders Equity)
= (1528 / 2152) * (2152 / 0) * (0 / 10292) * (10292 / 61043.5) * (61043.5 / 7390)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.71 * N/A * 0 % * 0.1686 * 8.2603
=20.68 %

Note: The net income attributable to common stockholders data used here is four times the quarterly (Jun. 2022) net income attributable to common stockholders data. The Revenue data used here is four times the quarterly (Jun. 2022) revenue data. The same rule applies to Pre-Tax Income and Operating Income.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.


Be Aware

Net income attributable to common stockholders is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Fidelity National Financial ROE % Related Terms

Thank you for viewing the detailed overview of Fidelity National Financial's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Fidelity National Financial Business Description

Fidelity National Financial logo
Traded in Other Exchanges
Address
601 Riverside Avenue, Jacksonville, FL, USA, 32204
Fidelity National Financial Inc provides title insurance, escrow, and other title-related services. It operates in three segments: Title, F&G, Corporate and Other. The title segment that derives majority revenue consists of the operations of title insurance underwriters and related businesses, which provide title insurance and escrow and other title-related services including trust activities, trustee sales guarantees, and home warranty products. Substantially all of the company's revenue is generated in the United States.
Executives
Dhanidina Halim director 601 RIVERSIDE AVENUE JACKSONVILLE FL 32204
Morgan Sandra Douglass director 601 RIVERSIDE AVENUE JACKSONVILLE FL 32204
Jewkes Roger S officer: Chief Operating Officer 601 RIVERSIDE AVENUE JACKSONVILLE FL 32204
Shea Peter O Jr director 601 RIVERSIDE AVENUE JACKSONVILLE FL 32204
Massey Richard N director 900 S. SHACKLEFORD ROAD SUITE 401 LITTLE ROCK AR 72211
Foley William P Ii director FIDELITY NATIONAL FINANCIAL, INC. 601 RIVERSIDE AVENUE JACKSONVILLE FL 32204
Gravelle Michael L officer: Executive Vice President 601 RIVERSIDE AVENUE JACKSONVILLE FL 32204
Quirk Raymond R director, officer: Chief Executive Officer 601 RIVERSIDE AVENUE JACKSONVILLE FL 32204
Sadowski Peter T officer: EVP, Chief Legal Officer FIDELITY NATIONAL FINANCIAL, INC. 601 RIVERSIDE AVENUE JACKSONVILLE FL 32204
Lane Daniel D director 14 CORPORATE PLZ SUITE 150 NEWPORT BEACH CA 92660
Murren Heather Hay director 28903 NORTH AVENUE PAINE VALENCIA CA 91355
Kerr Janet director 50 CASTILIAN DR GOLETA CA 93117
Sandler Ricky C 10 percent owner 65 EAST 55TH STREET 25TH FLOOR NEW YORK NY 10022
Eminence Gp, Llc 10 percent owner C/O EMINENCE CAPITAL, LP 65 EAST 55TH STREET, 25TH FLOOR NEW YORK NY 10022
Eminence Capital, Lp 10 percent owner 399 PARK AVENUE, 25TH FLOOR NEW YORK NY 10022

Fidelity National Financial Headlines

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