JACKSONVILLE, Fla., Aug. 1, 2024
/PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF)
("FNF" or the "Company"), today announced that its Board of
Directors has approved a new three-year stock repurchase program,
effective July 31, 2024, under which
the Company may repurchase up to 25 million shares of FNF common
stock. Purchases may be made from time to time by the Company in
the open market at prevailing market prices or in privately
negotiated transactions through July 31,
2027. Under its previous three-year repurchase program,
which expired on July 31, 2024, the
Company repurchased a total of 16.4 million shares of common
stock.
About Fidelity National Financial, Inc.
Fidelity National Financial, Inc. (NYSE: FNF) is a leading
provider of title insurance and transaction services to the real
estate and mortgage industries, and a leading provider of insurance
solutions serving retail annuity and life customers and
institutional clients through its majority owned subsidiary F&G
Annuities & Life, Inc. (NYSE: FG). FNF is the nation's largest
title insurance company through its title insurance underwriters -
Fidelity National Title, Chicago Title, Commonwealth Land Title,
Alamo Title and National Title of New
York - that collectively issue more title insurance policies
than any other title company in the
United States. More information about FNF can be found at
www.fnf.com.
Forward-Looking Statements and Risk Factors
This press release contains forward-looking statements that
involve a number of risks and uncertainties. Statements that are
not historical facts, including statements regarding our
expectations, hopes, intentions or strategies regarding the future
are forward-looking statements. Forward-looking statements are
based on management's beliefs, as well as assumptions made by, and
information currently available to, management. Because such
statements are based on expectations as to future financial and
operating results and are not statements of fact, actual results
may differ materially from those projected. We undertake no
obligation to update any forward-looking statements, whether as a
result of new information, future events or otherwise. The risks
and uncertainties which forward-looking statements are subject to
include, but are not limited to: changes in general economic,
business, political crisis, war and pandemic conditions, including
ongoing geopolitical conflicts; weakness or adverse changes in the
level of real estate activity, which may be caused by, among other
things, high or increasing interest rates, a limited supply of
mortgage funding or a weak U.S. economy; our potential inability to
find suitable acquisition candidates; our dependence on
distributions from our title insurance underwriters as a main
source of cash flow; significant competition that F&G and our
operating subsidiaries face; compliance with extensive government
regulation of our operating subsidiaries, including regulation of
title insurance and services and privacy and data protection laws;
systems damage, failures, interruptions, cyberattacks and
intrusions, or unauthorized data disclosures; and other risks
detailed in the "Statement Regarding Forward-Looking Information,"
"Risk Factors" and other sections of FNF's Form 10-K and other
filings with the Securities and Exchange Commission.
FNF-G
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SOURCE Fidelity National Financial, Inc.