Company Profile
Fidelity National Financial
Company Overview
Fidelity National Financial, Inc. (NYSE: FNF), currently ranked number 366 on Fortune's list of America's largest companies, is a leading provider of title insurance, specialty insurance and claims management services.
Fidelity National Title Group (FNTG) is one of the largest and most respected providers of title insurance and escrow in the world. Fidelity National Title, Chicago Title, Ticor Title, Commonwealth Land Title, Lawyers Title, Security Union Title and Alamo Title issue residential and commercial title insurance policies throughout the United States. In addition we offer extensive expertise for global real estate transactions through FNF International.
The FNTG family of companies also includes a comprehensive set of real estate transaction services:
» Home Warranty
» Default Services
» 1031 Exchange
» Property Inspection
» Residential Solutions » Document Imaging
» UCC Insurance
» Notary Services
» Foreclosure
» Agency Solutions
ServiceLink, the national lender platform for Fidelity National Financial, is a leading provider of origination and default related products and services for the mortgage industry. ServiceLink currently serves 15 of the top 20 national lenders and servicers, helping them drive maximum performance through the life of the loan. ServiceLink combines its unrivaled Serve First culture and industry experience with innovative products and technology along with the resources of Fidelity National Financial to help our client partners mitigate risk, reduce cycle times and lower operating costs.
Fidelity National Property and Casualty Insurance Group is a nationwide provider of personal insurance products, including residential property, auto, flood and umbrella insurance. Get competitive rates and a guaranteed quote and policy by phone in as little as five minutes.
Sedgwick Claims Management Services, Inc. is the leading North American provider of innovative claims and productivity management solutions. Sedgwick CMS and its affiliated companies deliver cost-effective claims administration, managed care, program management, risk consulting and related services to clients through the expertise of 6,000 colleagues in more than a hundred offices in the U.S. and Canada. The company specializes in workers’ compensation; disability, FMLA and other employee absence; and general, automobile and professional liability claims services. Sedgwick CMS and its affiliates design and implement customized programs based on proven practices that meet client needs.
FNF is a leading information services company in the human resources, retail and transportation markets through Ceridian Corporation, another minority-owned subsidiary.
Copyright
Company History
Standing the Test of Time
1847 – 1848
Chicago Title traces its roots to 1847, when a young law clerk named Edward Rucker develops a system of tracking every recorded instrument and legal proceeding affecting real estate titles, which saves attorneys the painstaking task of searching official records for transfers of real property. In 1848, a notary public and searcher of records in San Francisco named C.V. Gillespie launches the company that will eventually become Fidelity National Title Insurance.
1871
Employees of three predecessor companies of Chicago Title risk their lives to save land records from the Great Chicago Fire. When the blaze destroys the Cook County, Illinois’ land records, the title companies’ preserved records become the basis for Cook County’s land record system.
1888
The Title Guarantee and Trust Company (later Chicago Title and Trust – CT&T) issues the first guarantee policy in Illinois.
1906
During the devastating San Francisco earthquake and fire, employees of the predecessor company to Fidelity National Title and their wives save the title plant and other important company records. The documents become a valuable resource when San Francisco’s City Hall and the Hall of Records are destroyed in the disaster.
1961
Fidelity National Title Insurance Company (FNTIC), a Nebraska corporation, receives a certificate of authority to begin doing business in Nebraska.
Chicago Title Insurance Company is formed and chartered to conduct national business.
1981
With Arizona agency operations in Maricopa and Pima Counties, FNTIC is purchased from CIGNA, and FNTIC’s corporate offices are moved from Denver to Scottsdale, Arizona. At the time, FNTIC is the country’s 48th largest title insurance company with $6.2 million in annual revenue.
1984
Controlling interest of FNTIC was sold to Fidelity National Financial Inc. (Fidelity), its present holding company. William Foley became president and chairman of the board.
1985
The Securities and Exchange Commission approves the sale of Fidelity’s stock to the employees of its various subsidiaries. Fidelity became the nation’s first and only employee-owned title insurance underwriter.
1987
Fidelity begins trading on the American Stock Exchange under the symbol FNF.
Fidelity acquires Western Title Insurance Company.
Safeco Title (now Security Union), a national title insurer based in California with a history dating to 1908, is acquired by CT&T.
1991
Fidelity establishes Premier Lenders, which performs all title work for various Southern California counties out of one regional office. The centralized title work is a unique concept to the title industry.
Ticor Title Insurance Company is acquired by CT&T. Ticor’s heritage can be traced to 1893 with the merger of two Los Angeles abstract companies.
1992
Fidelity begins trading on the New York Stock Exchange under the symbol FNF.
Fidelity acquires Meridian Title Insurance Company as well as Security Title and Guarantee Company, expanding Fidelity’s direct operations base to include Florida, Michigan, Missouri, New Jersey, New York, North Carolina and Pennsylvania.
1994
Fidelity acquires ACS Systems Inc., a computer software development company, to enhance FNTIC’s electronic data interchange through the development and marketing of its trust, escrow and title-related software.
1996
The acquisition of Nations Title Inc., the eighth largest underwriter in the United States, makes FNTIC the fourth largest title underwriter in the country and doubles its existing agency base.
1997
Fidelity acquires First Title Corporation, a title company with offices throughout the southeastern United States.
1998
FNTIC merges with Alamo Title, the ninth largest title insurer in the United States. As a result, FNTIC becomes the second largest underwriter in Texas.
Fidelity forms RealEC.com, the first multiple-title-underwriter alliance for electronic commerce to order and deliver essential real estate information services in the real estate transaction process.
2000
Fidelity completes its acquisition of Chicago Title Corporation and its title insurance subsidiaries: Chicago Title, Ticor Title and Security Union. The combined companies make Fidelity the largest title insurance organization in the world.
2001
Fidelity National Information Solutions (FNIS) is formed, creating the premier services provider of real estate-related information and technical solutions.
FNF’s revenue climbs to $3.9 billion.
2002
FNF is named a FORTUNE 500 company, listed on Fortune magazine’s “America’s Most Admired Companies” list and is also listed on the Forbes “Super 500” list. For the second consecutive year, FNF is on the Forbes “Platinum 400” list of companies.
Property Insight is launched to provide real estate property information services to all title companies, creating a nationwide capability to standardize and automate title research.
2003
FNF acquires Lender’s Service, Inc. (LSI), a leading national provider of appraisal, title and closing services to residential mortgage originators.
FNF acquires the Financial Services division of ALLTEL Information Services, renamed Fidelity Information Services, and moves its headquarters to Jacksonville, Fla.
FNF reaches no. 262 on the FORTUNE 500 list and is selected by Forbes as America’s best-managed insurance company.
FNF acquires ANFI, Inc. and Key Title Insurance to strengthen the Ticor brand in the Western United States, particularly California, Arizona, Nevada and Oregon.
FNF acquires Mutual of Omaha’s flood insurance business.
FNF Canada is formed upon FNF’s acquisition of LandCanada Financial Services. FNF Canada provides Fidelity with an immediate and meaningful presence in the rapidly expanding Canadian title insurance market.
2004
Fidelity acquires American Pioneer Title Insurance Company (APTIC). The acquisition boosts FNF to become the largest title insurer in Florida.
With the acquisition of Geotrac, FNF becomes the nation’s second largest provider of flood determination and life-of-loan monitoring services.
Fidelity National Real Estate Solutions implements a fully integrated suite of Web-based tools, including Fidelity’s BrokerOffice? and AgentOffice? systems, to enable real estate agents and brokers to take advantage of Internet-based leads and business opportunities.
Fidelity acquires ClearPar, LLC, a provider of technology and services that deliver primary and secondary commercial loan trade settlement services.
FNF’s total annual revenue climbs to more than $8.3 billion.
2005
FNF acquires Service Link, the nation’s leading provider of centralized mortgage and residential real estate title and closing services for major financial institutions and institutional lenders.
Fidelity National Title Group, a division under which FNF’s title insurance businesses and ServiceLink are aligned, is established. Raymond R. (Randy) Quirk becomes CEO of Fidelity National Title Group after serving as President of FNF for three years.
2006
Sedgwick CMS, an industry-leading provider of outsourced insurance claims management services to large corporate and public-sector entities, becomes a division of FNF.
FNTG launches Mihogaren California.com, a bilingual English and Spanish language website developed to educate Hispanic consumers on the process of buying a home. FNTG also introduces its Cultural Competency Program in California to train employees about how to better support multicultural customers.
FNTG introduces ProductCenter.FNTG.com, a central online resource available to employees and customers for information about title and excrow products, services, resources, news and training.
2007
FNTG launches Title.com, a consumer-focused website designed to educate consumers and to simplify the process of purchasing, selling or refinancing a home.
FNF is named in the Forbes Global 2000, a list of the largest and most successful companies in the world. FNF joins the list at No. 1061, higher than any other title insurer.
FNTG's five title insurance brands make available Spanish, Chinese, Korean and Vietnamese versions of their websites.
Notable Accomplishments / Recognition
Industry Recognition
2010
•Fortune 500
Ranked #366
2009
•Forbes
The World's Best Companies
•Fortune 600
Ranked #523
2008
•Forbes
Global 2000: Ranked #1884
•Fortune 500
Ranked #435
2007
•Forbes
Global 2000: First Year on the List
•Fortune 500
Ranked #264
•Fortune
America's Most Admired Companies List
Ranked #3 in Mortgage Services
2006
•Fortune 500
Ranked #248
2005
•Fortune 500
Ranked #261
•Fortune
America's Most Admired Companies List
Ranked #5 in Mortgage Services
2004
•Forbes
Platinum 400: America's Best Big Companies
•Forbes
Best Managed Companies in America
•Fortune 500
Ranked #262
2003
•Fortune 500
Ranked #326
•Fortune 500
America’s Most Admired Companies List
Ranked #6 in Mortgage Services
•Forbes
Platinum 400: America’s Best Big Companies List
Ranked #1 in Sales Growth for the Insurance Industry