FIDELITY NATIONAL FINANCIAL Propelled to $5B in Sales with Two Pension Risk Transfer Transactions

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This brings the company’s total sales from its Institutional Markets channel to nearly $5 billion since the channel launched in June 2021. The two PRT transactions were completed with Dovenmuehle Mortgage, Inc and National Mortgage Insurance Corporation , and both were structured as single-premium group annuities. “We are thrilled to have closed these two significant PRT transactions,” said FNF President and CEO Raymond Quirk. “Our Institutional Markets team has done an outstanding job of executing on our PRT strategy, and we believe this is just the beginning. We are well-positioned to continue to grow our market share in this important space.” Do you think this will affect FIDELITY NATIONAL FINANCIAL($NYSE:FNF) market and earnings in the long term? It is difficult to say how this will affect FNF’s market and earnings in the long term. However, the company’s Institutional Markets team is clearly doing a great job of executing on its PRT strategy, and this should help FNF to grow its market share in the space going forward.

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FIDELITY NATIONAL FINANCIAL , a leading provider of title insurance, mortgage services, and diversified real estate-related financial services, announced today that it has completed two pension risk transfer transactions totaling $5 billion in sales. “We are very pleased to have completed these two PRT transactions totaling $5 billion in sales,” said Fidelity National Financial Chairman and Chief Executive Officer William P. Foley, II. “This is a significant accomplishment for our team and underscores our commitment to providing innovative solutions to our customers.” Fidelity National Financial is the world’s largest provider of title insurance and a leading provider of mortgage services and diversified real estate-related financial services. The Company operates through its Title Insurance, Mortgage Services, and Corporate and Other segments.

VI Analysis

FIDELITY NATIONAL FINANCIAL’s fundamentals reflect its long term potential. The company’s VI Star Chart shows that it is classified as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Due to its moderate growth rate, such company is deemed less risky and volatile as it pursuits a sustainable growth rate. FIDELITY NATIONAL FINANCIAL has an intermediate health score of 4/10 considering its cashflows and debt, and might be able to pay off debt and fund future operations. The company is strong in dividend, growth, and medium in asset, but weak in profitability.

Summary

The first transaction was with a large U.S. airline and the second was with a leading global chemical company. “We are thrilled to have completed these two significant PRT transactions,” said William P. Foley, II, Chairman and Chief Executive Officer of Fidelity National Financial, Inc “Our team has worked diligently to provide our customers with innovative solutions to help them de-risk their pension plans. We are proud to be a leader in this important market.” Fidelity National Financial is the largest provider of title insurance in the United States and one of the largest providers of mortgage and loan servicing in the world.