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Fidelity National Financial, Inc. (NYSE: FNF), is an American provider of title insurance and settlement services to the real estate and mortgage industries.A Fortune 500 company, [1] Fidelity National Financial generated approximately $8.469 billion in annual revenue in 2019 from its title and real estate-related operations.
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The company was founded in Little Rock in 1968 as Systematics, which was later acquired by ALLTEL Information Services as its Financial Services division. Alltell then sold this division to title insurance giant Fidelity National Financial in 2003, who renamed it Fidelity Information Services (FIS).
Fidelity National Financial: 33.86% First American Corporation: 26.34% Old Republic National Title Insurance Company: 13.53% Stewart Title Guaranty Company: 12.95% Regional companies 13.32% Total 100.00% Source: American Land Title Association [30]
In 1752, Benjamin Franklin founded the first American insurance company as Philadelphia Contributionship.In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail.
Later he bought and revitalized the then struggling title insurance firm Fidelity National Financial. He later invested in wineries, golf courses, hotels, ski resorts, steak houses, fast-food restaurants and auto parts manufacturers. [3] Foley is a financial supporter of the American politician Donald Trump. [4]
2017 – FNF liquidates its majority holding in Black Knight Financial Services, resulting in a new public company, Black Knight, Inc. [10] 2018 – Black Knight acquires artificial intelligence, and machine learning (AI/ML) start-up HeavyWater and Ernst Publishing Co., a provider of mortgage fees and closing cost data for the real estate and ...
Although designed to be the surviving entity of the merger, Certegy's corporate name was changed as part of the merger agreement to Fidelity National Information Services, and the ticker symbol on the NYSE changed from CEY to FIS.1 Executive offices were relocated to Jacksonville, Florida, although manufacturing and operations remained in St ...