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Other half of title duopoly + F&G Annuities; ~$13B 2024 revenue; F&G adds annuity earnings to title-cyclical core.
F&G's balance-sheet AUM has tripled since FNF acquired it — driven by record sales of fixed-indexed annuities (FIA) and multi-year guaranteed annuities (MYGA) into the rising-rates environment of 2022-2024. The combined entity now sits on a substantial spread-investing book that drives the bulk of F&G operating earnings.
2020 — 2024
Source: F&G Annuities & Life quarterly/annual disclosures (filed via FNF + standalone FG SEC filings) (Updated: 2025-02)
FNF is a hybrid: legacy title insurer (~50%+ market share with affiliate Chicago Title) plus F&G Annuities & Life — acquired 2020, IPO'd 50% in 2022. F&G has scaled fast in fixed-indexed annuities (FIA) and MYGA. Title is cyclical with mortgage volumes; F&G is rates-sensitive but grew through the 2022-2024 selling cycle.
2020 — 2024
Source: Fidelity National Financial 10-K — Title and F&G segment revenue (FY 2020-2024) (Updated: 2025-02)
Quarterly breakdown of revenue by product line and service category
2021-Q2 — 2026-Q1
Data from SEC filings via FMP • 54 periods available