Fidelity National Financial, Inc. provides insurance products in the United States through its subsidiaries. It operates in three segments: Title, F&G, and Corporate and Other. Its offerings include title insurance, escrow and other title-related services, technology and transaction services for the real estate and mortgage industries, and annuity and life insurance products such as deferred and immediate annuities and indexed universal life insurance. The company also provides funding agreements, pension risk transfer solutions, and real estate brokerage services. Incorporated in 2005, it is headquartered in Jacksonville, Florida.
LoanCare Ready for VA Partial Claim Program Ahead of November 28 Go-Live
LoanCare announced it has completed the operational, technology and training preparations needed to implement the Department of Veterans Affairs' new Partial Claim Program, making it one of the first subservicers in the industry ready to deliver the home retention solution to eligible veteran borrowers. The program lets veterans in default who qualify work with their mortgage servicer on a three-month trial payment plan; once the trial is completed successfully, the servicer advances the overdue amount, which is reimbursed by the VA, to bring the loan current, and the VA is repaid when the loan is paid in full, refinanced, or the property is sold. LoanCare confirmed its readiness ahead of the program's November 28, 2026, implementation date, saying early adoption gives its clients immediate access to the new loss mitigation program and benefits including new payment relief options for eligible delinquent VA customers, reduced default servicing costs, faster delinquency resolution and improved portfolio performance. Dave Worrall, president of LoanCare, said the program gives eligible veterans another opportunity to overcome financial hardship and remain in their homes, and that the company's readiness reflects its commitment to responding quickly to changing requirements. LoanCare is part of Fidelity National Financial, a Fortune 500 company.
LoanCare, LLC · Regulation · Positive LoanCare completed operational, technology and training preparations to implement the VA's new Partial Claim Program ahead of the November 28 go-live.
FNF · Regulation · Positive Its subsidiary LoanCare is among the first subservicers ready for the VA's new Partial Claim Program, giving clients immediate access to the new loss mitigation program.
First American Financial Corporation continues to face pressure from elevated mortgage rates, which are weighing on its residential title business. The 30-year fixed mortgage rate averaged 6.66% as of August 27, up from 6.56% a year earlier. In the second quarter of 2026, purchase revenues rose only 2%, as a 6% increase in average revenues per order was partly offset by a 3% decline in closed orders. Refinance revenues jumped 18% after a temporary rate decline, but volumes moderated as rates moved higher. However, commercial title activity is helping offset the weakness, with commercial revenues up 34% to $314 million in the quarter, and adjusted net investment income rose 11.4% to a record $1.88 billion. A decline in mortgage rates remains a key potential catalyst for the company. Among peers, Stewart Information Services expects existing-home sales growth of only about 2% in 2026, down from its earlier 6-8% expectation, while Fidelity National Financial saw adjusted pretax title earnings rise 33% to $448 million. First American's shares have gained 14.3% in the past year, outperforming the industry's 1.4% growth, and the stock trades at a price-to-book multiple of 1.33, below the industry average of 1.42. The Zacks Consensus Estimate for 2026 revenues is $8.2 billion, up 9.5% year over year, and earnings per share are expected to rise 17.5%.
FAF · Monetary · Negative Elevated mortgage rates weigh on residential title business, with purchase revenues up only 2% and refinance volumes moderating.
STC · Demand · Negative Stewart Information Services expects existing-home sales growth of only about 2% in 2026, down from earlier 6-8% expectation, reflecting weak housing demand.
FNF · Capital · Positive Fidelity National Financial saw adjusted pretax title earnings rise 33% to $448 million, indicating strong performance.
Fidelity National Financial flagged as risky on declining premiums, EPS, and book value growth
Fidelity National Financial faces three key risks that may concern investors. Net premiums earned have declined at a 2.5% annual rate over the past five years, underperforming the broader insurance industry. Earnings per share fell 3.5% annually over the same period despite 4% revenue growth, signaling deteriorating profitability. Book value per share grew only 1.7% annually over the last two years, indicating limited asset expansion. The stock has dropped 13.7% over six months to $48.83, trading at 1.4 times forward price-to-book.
Property and Casualty Insurers Post Mixed Q1 as Bowhead Specialty Leads with 26.9% Revenue Growth
Property and casualty insurance stocks delivered mixed first-quarter results, with aggregate revenues beating analyst consensus by 1.9%. Bowhead Specialty reported revenues of $155.7 million, up 26.9% year on year and exceeding expectations by 5.5%, driven by 24% growth in gross written premiums. Stewart Information Services posted the best performance relative to estimates with revenues of $781.3 million, a 27.7% increase that beat forecasts by 4.6%, while Fidelity National Financial was the weakest, missing revenue expectations by 10.7% with $3.23 billion. Lemonade achieved the fastest revenue growth among peers at 70.6% to $258 million, and American Financial Group's revenues rose 1.7% to $1.76 billion but fell 5% short of estimates. Share prices across the group have risen 7.9% on average since reporting.
Q1 Earnings Outperformers: HCI Group And The Rest Of The Property & Casualty Insurance Stocks
The 32 property and casualty insurance stocks tracked reported mixed first-quarter results, with revenues beating analysts' consensus estimates by 1.9%. HCI Group reported revenues of $242.9 million, up 12.2% year on year, falling short of expectations by 1.1% but still delivering a strong quarter with beats on book value per share and net premiums earned. Stewart Information Services was the best performer, with revenues of $781.3 million, up 27.7% year on year and beating estimates by 4.6%, while Fidelity National Financial was the weakest, reporting revenues of $3.23 billion, up 18.2% year on year but missing estimates by 10.7%. Mercury General and Bowhead Specialty also posted strong results, with revenue beats of 5.4% and 5.5% respectively. Share prices of the group have been resilient, up 7.5% on average since the latest earnings results.
FNF · Capital · Negative Fidelity National Financial reported Q1 revenues missing estimates by 10.7%, the weakest in the group.
STC · Capital · Positive Stewart Information Services was the best performer with Q1 revenues up 27.7% and beating estimates by 4.6%.
HCI · Capital · Neutral HCI Group reported Q1 revenues up 12.2% but missed estimates by 1.1%; however, it beat on book value per share and net premiums earned.
BOW · Capital · Positive Bowhead Specialty posted strong Q1 results with revenue beat of 5.5%.
MCY · Capital · Positive Mercury General posted strong Q1 results with revenue beat of 5.4%.
F&G Annuities & Life favored over Corebridge Financial for 2026
The Motley Fool compared Corebridge Financial and F&G Annuities & Life, concluding that F&G is the better buy for 2026 despite its higher forward price-to-earnings ratio of 7.2 times versus Corebridge's 5.7 times. F&G's advantages include a lower debt-to-equity ratio of roughly 0.5 times, nearly $4.7 billion in free cash flow, and a 3.7% dividend yield, compared to Corebridge's 0.8 times debt-to-equity, nearly $2.0 billion in free cash flow, and 3.5% yield. Corebridge manages nearly $385 billion in assets and reported a net loss of approximately $366 million on nearly $20 billion in revenue in fiscal 2025, while F&G manages approximately $57.6 billion in assets and posted net income of about $265.0 million on nearly $5.7 billion in revenue. F&G also benefits from a roughly 70% ownership stake by Fidelity National Financial, providing managerial stability.
CRBG · Capital · Negative Article concludes F&G is a better buy than Corebridge, citing Corebridge's higher debt-to-equity, lower free cash flow, and net loss.
FG · Capital · Positive Article concludes F&G is the better buy for 2026, citing lower debt-to-equity, higher free cash flow, net income, and dividend yield.
FNF · Capital · Positive Fidelity National Financial owns roughly 70% of F&G, which is highlighted as a positive for F&G's managerial stability.
Skyward Specialty Insurance touted as buy, Equitable and Fidelity National flagged as sells
StockStory identifies Skyward Specialty Insurance as a standout buy while recommending investors avoid Equitable Holdings and Fidelity National Financial. Skyward Specialty Insurance saw net premiums earned surge 27.6% annually over the past two years and annual book value per share growth of 26%, signaling strong market share gains and capital strength. In contrast, Equitable Holdings posted annual book value per share declines of 167% over five years and a pre-tax profit margin drop of 13.3 percentage points, while Fidelity National Financial's net premiums earned fell 2.5% annually over five years and earnings per share declined 3.5% annually despite revenue growth. The broader insurance sector has shed 2% over the past six months, underperforming the S&P 500's 6.2% gain.
EQH · Capital · Negative Annual book value per share declined 167% over five years and pre-tax profit margin dropped 13.3 percentage points, flagged as a sell.
FNF · Capital · Negative Net premiums earned fell 2.5% annually over five years and earnings per share declined 3.5% annually despite revenue growth, flagged as a sell.
SKWD · Capital · Positive Net premiums earned surged 27.6% annually over two years and book value per share grew 26% annually, touted as a buy.
MGIC Investment reported first-quarter revenues of $297.1 million, down 3% year over year and 1% below analyst expectations. The company, which provides private mortgage insurance, posted a narrow beat on earnings per share but saw its stock fall 7.1% since the results. Among the 32 property and casualty insurers tracked, the group overall beat revenue estimates by 1.9% and shares have risen 4.6% on average. Stewart Information Services was the best performer with revenues up 27.7% to $781.3 million, while Fidelity National Financial was the weakest, missing estimates by 10.7% despite an 18.2% revenue increase to $3.23 billion.
Palomar Holdings Q1 Revenue Rises 59.7% to $278.9 Million
Palomar Holdings reported first-quarter revenues of $278.9 million, a 59.7% increase year on year, exceeding analyst expectations by 5.8%. The specialty insurer, which focuses on catastrophe coverage including earthquake insurance, posted a mixed quarter with a strong beat on net premiums earned but a significant miss on book value per share estimates. Among 32 property and casualty insurance stocks tracked, the group overall beat revenue consensus by 1.9% and saw average share prices rise 3.2% since reporting. Stewart Information Services delivered the best performance relative to estimates with revenues of $781.3 million, while Fidelity National Financial was the weakest, missing revenue expectations by 10.7% with $3.23 billion. Palomar shares are up 5% since the report, trading at $116.30.
PLMR · Capital · Positive Palomar Holdings reported Q1 revenue of $278.9M, beating analyst expectations by 5.8%, and shares rose 5% since the report.
FNF · Demand · Negative Fidelity National Financial missed revenue expectations by 10.7%, indicating weaker demand for its services.
STC · Demand · Positive Stewart Information Services delivered the best performance relative to estimates with revenues of $781.3M, indicating strong demand.
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