Fidelity National Financials’ Premiums by Product (2020-2022)

This statistic highlights Fidelity National Financials’ Premiums by Product, split across Fixed indexed annuities, Fixed rate annuities, Funding agreements, Life insurance, and Single premium immediate annuities, reported on an annual basis from 2020 onwards.

Fidelity National Financials’ Premiums by Product

Fidelity National Financials’ Premiums by Product Type segment consists of operations of their annuities and life assurance-related businesses. Fidelity National Financial’s total premiums have grown massively. Between the two years of 2020 and 2021, the company’s premiums grew from $2.75 billion in 2020 to $8.29 billion in 2021, marking a three digit increment of 201.45% on a yearly basis.

Majority of these premiums come from the company’s fixed indexed annuities, accounting for 53.31% of the total premiums. This is followed by the funding agreements product type which contributes 32.08% of the total premiums. The fixed rate annuities and the life insurance product types constitute 10.61% and 4% of the total premiums, respectively. The single premium immediate annuities product type has no contribution in the year 2021.

Fidelity National Financials’ total premiums can be further bifurcated into the following product types:

(all figures are in billions, except percentages)

Fixed indexed annuities

This product type has the maximum contribution to the total premium earned by the company in both the years, i.e., 2020 and 2021, accounting for 53.31% of the total premium earned in 2021, amounting to $4.42 billion. Between 2020 and 2021, the premium from this product type has risen massively, from $1.96 billion in 2020 to $4.42 billion in 2021, witnessing an increment of 125.5% on a yearly basis. However, the contribution of this product type to the total premiums has fallen from 68.5% in 2020 to 53.31% in 2021.

Fixed rate annuities

This product type contributes 10.61% of the total premium earned by Fidelity National Financial in the year 2021, amounting to $0.88 billion. Between the two years of 2020 and 2021, the premium from this product type grew by 144.44% annually, from $0.36 billion in 2020 to $0.88 billion in 2021. However, the contribution of this product type to the total premium earned by the company fell from 23.98% in 2020 to 10.61% in 2021.

Funding agreements

This product type is the second highest contributor of premium for the company in the year 2021, accounting for 32.08% of the total premiums, amounting to $2.66 billion. In the previous year, i.e., 2020, this product type earned no revenue. Thus, between the two years, the contribution of this segment grew from 0% in 2020 to 32.08% in 2021.

Life insurance

The Life insurance product type of the company has a contribution of 4% to the total premium earned by the company in the year 2021, amounting to $0.33 billion. Between the two years of 2020 and 2021, the premium from this product type grew from $0.15 billion in 2020 to $0.33 billion in 2021, making an increase of 120% on a yearly basis. However, the contribution of premium from this product type to the total premium earned by the company has witnessed a decline from 6.85% in 2020 to 4% in 2021.

Single premium immediate annuities

This product type has no contribution in the premiums earned by Fidelity National Financial in the year 2021. However, in the previous year of 2020, this product type earned $0.01 billion in premium for the company, having a contribution of 0.67% in the total premiums earned.

About Fidelity National Financial

Fidelity National Financial Inc, is a public company operating in the financial sector. It provides title insurance and settlement services industries such as real estate and mortgage. It was founded in 1847 and is headquartered in Jacksonville, Florida, United States. It has 23,100 employees. The company has three main reportable segments, Title, F&F, and Corporate and other.

They provide mortgage transaction services, including title-related services and facilitation of production and management of mortgage loans. They’re also a provider of annuity and life assurance products, providing deferred annuities, including fixed index annuities (FIA), fixed-rate annuities, immediate annuities, indexed universal life (IUL) insurance, funding agreements, and pension risk transfer (PRT) solutions through their wholly-owned subsidiary, F&G Annuities & Life (F&G). The stock of Fidelity National Financial is listed on the New York Stock Exchange (NYSE) under the ticker symbol FNF and is a component of the Russells 1000 index.

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