Fidelity National Financial (FNF) Invested Capital (2009 - 2026)
Fidelity National Financial (FNF) recorded quarterly Invested Capital of $13.1 billion in Q1 2026, up 10.97% quarter-over-quarter from $11.8 billion in Q4 2025, and down 0.53% on a YoY basis from $13.2 billion in Q1 2025.
Fidelity National Financial (FNF) Invested Capital (2009 - 2026) Analysis & Trends
Fidelity National Financial's Invested Capital history runs 18 years deep, the most recent figure standing at $13.1 billion for Q1 2026.
- In Q1 2026, Invested Capital fell 0.53% year-over-year to $13.1 billion; the TTM figure through Mar 2026 stood at $13.1 billion (down 0.53% YoY), while the FY2025 annual figure was $11.8 billion, down 8.01% from the prior year.
- Invested Capital was $13.1 billion for Q1 2026 at Fidelity National Financial, up from $11.8 billion in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $13.2 billion in Q2 2025 to a low of $9.2 billion in Q3 2022.
- Historically, Invested Capital has averaged $11.6 billion across 5 years, with a median of $11.7 billion in 2024.
- The sharpest annual moves came in 2022 and 2024: Invested Capital declined 26.15% in 2022, then grew 27.33% in 2024.
- A 5-year view of Invested Capital shows it stood at $9.8 billion in 2022, then advanced by 15.7% to $11.3 billion in 2023, then gained by 13.27% to $12.9 billion in 2024, then decreased by 8.01% to $11.8 billion in 2025, then gained by 10.97% to $13.1 billion in 2026.
- The last three Invested Capital figures came in at $13.1 billion (Q1 2026), $11.8 billion (Q4 2025), and $12.8 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.87 Bn | 10.21 Bn | 2.62 Bn | 13.12 Bn |
| 2 | Axis Capital Holdings | 7.52 Bn | 6.65 Bn | - | 6.38 Bn |
| 3 | First American Financial | 6.80 Bn | 3.91 Bn | 1.24 Bn | 7.06 Bn |
| 4 | Enact Holdings | 6.01 Bn | 5.46 Bn | 205.74 Mn | 6.09 Bn |
| 5 | Mgic Investment | 5.57 Bn | 5.32 Bn | 202.12 Mn | 5.04 Bn |
| 6 | Essent | 5.47 Bn | 5.47 Bn | - | 5.70 Bn |
| 7 | Radian | 4.74 Bn | 4.66 Bn | 368.17 Mn | 5.58 Bn |
| 8 | Ryan Specialty Holdings | 4.62 Bn | 5.05 Bn | - | 955.60 Mn |
| 9 | Assured Guaranty | 3.42 Bn | -495.48 Mn | 216.00 Mn | 7.25 Bn |
| 10 | NMI Holdings | 2.82 Bn | 2.75 Bn | 152.85 Mn | 2.63 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 13.12 Bn |
| Dec 31, 2025 | 11.82 Bn |
| Sep 30, 2025 | 12.75 Bn |
| Jun 30, 2025 | 13.22 Bn |
| Mar 31, 2025 | 13.19 Bn |
| Dec 31, 2024 | 12.85 Bn |
| Sep 30, 2024 | 13.09 Bn |
| Jun 30, 2024 | 12.16 Bn |
| Mar 31, 2024 | 11.72 Bn |
| Dec 31, 2023 | 11.35 Bn |
| Sep 30, 2023 | 10.28 Bn |
| Jun 30, 2023 | 10.37 Bn |
| Mar 31, 2023 | 10.34 Bn |
| Dec 31, 2022 | 9.81 Bn |
| Sep 30, 2022 | 9.21 Bn |
| Jun 30, 2022 | 10.44 Bn |
| Mar 31, 2022 | 11.71 Bn |
| Dec 31, 2021 | 13.10 Bn |
| Sep 30, 2021 | 12.47 Bn |
| Jun 30, 2021 | 11.55 Bn |