Fidelity National Financial, Inc. (FNF): Analyse de Pestle [Jan-2025 MISE À JOUR]

Dans le paysage dynamique des services financiers, Fidelity National Financial, Inc. (FNF) navigue dans un réseau complexe de défis et d'opportunités qui s'étendent bien au-delà des limites commerciales traditionnelles. Cette analyse complète du pilon dévoile les facteurs externes complexes qui façonnent la trajectoire stratégique de l'entreprise, des pressions réglementaires et des perturbations technologiques à l'évolution des attentes sociétales et des considérations environnementales. Plongez dans une exploration nuancée de la façon dont les forces politiques, économiques, sociologiques, technologiques, juridiques et environnementales testent et transforment simultanément le modèle commercial de FNF dans un marché mondial de plus en plus interconnecté.

Fidelity National Financial, Inc. (FNF) - Analyse du pilon: facteurs politiques

Changements réglementaires dans les secteurs de l'assurance immobilière et des titres

La loi sur la réforme et la protection des consommateurs de Dodd-Frank Wall Street continue d'avoir un impact sur le paysage opérationnel de FNF. En 2024, l'industrie de l'assurance-titre fait face à des exigences de conformité réglementaire en cours avec environ 350 millions de dollars par an dépensés pour l'adhésion réglementaire.

Métrique de la conformité réglementaire	Valeur 2024
Frais de conformité réglementaire annuels	350 millions de dollars
Fréquence d'examen réglementaire de l'assurance-titre	Trimestriel

Chart de politique du logement fédéral

La Federal Housing Administration (FHA) continue d'influencer les marchés de l'assurance hypothécaire et des titres avec des paramètres de politique spécifiques.

• Limite de prêt FHA pour les maisons unifamiliales en 2024: 498 257 $ dans les zones standard
• Limite de prêt FHA pour les zones à coût élevé: 1 149 825 $
• Taux de prime d'assurance hypothécaire: 0,85% par an

Examen minutieux des services de services financiers

La division antitrust du ministère de la Justice a maintenu des processus d'examen des fusions strictes en 2024, avec 45 Investigations de fusion des services financiers mené au cours de l'exercice.

Métrique de la revue de fusion	2024 données
Enquêtes de fusion totale des services financiers	45
Les fusions bloquées / contestées	7

Les tensions géopolitiques impactant les investissements

Les incertitudes géopolitiques en 2024 ont considérablement influencé les investissements immobiliers et les services financiers, avec 127 milliards de dollars en investissement immobilier transfrontalier touché.

• Volume d'investissement immobilier mondial affecté par les tensions géopolitiques: 127 milliards de dollars
• Régions les plus touchées: Europe, Moyen-Orient, Amérique du Nord
• Prime de risque d'investissement moyen: 2,3%

Fidelity National Financial, Inc. (FNF) - Analyse du pilon: facteurs économiques

Les taux d'intérêt fluctuants ont un impact sur le refinancement hypothécaire et l'assurance titres

Au quatrième trimestre 2023, le taux des fonds fédéraux de la Réserve fédérale était de 5,33%, influençant directement la dynamique du refinancement hypothécaire. Le volume de refinancement hypothécaire a diminué de 16,7% en 2023 par rapport à l'année précédente.

Année	Volume de refinancement hypothécaire	Taux d'intérêt moyen
2022	2,16 billions de dollars	5.34%
2023	1,80 billion de dollars	6.81%

Risques de récession économique et volumes de transactions immobilières

Les volumes de transaction immobilière en 2023 ont totalisé 4,09 millions de ventes de maisons existantes, reflétant des défis économiques potentiels.

Indicateur économique	Valeur 2023	Changement d'une année à l'autre
Ventes de maisons existantes	4,09 millions	-18.7%
Prix ​​médian des maisons	$387,600	+1.9%

Pressions de l'inflation sur les coûts opérationnels

L'indice des prix à la consommation aux États-Unis (IPC) a atteint 3,4% en décembre 2023, ce qui concerne les dépenses opérationnelles de la FNF.

Catégorie de dépenses	2023 Impact	Ajustement de l'inflation
Coûts de main-d'œuvre	1,2 milliard de dollars	+4.1%
Investissement technologique	345 millions de dollars	+5.2%

Reprise économique et stabilité du marché du logement

La croissance du PIB américaine au T4 2023 était de 3,3%, indiquant une résilience potentielle sur le marché du logement.

Indicateur économique	Valeur 2023	Projection
Croissance du PIB	3.3%	2.1% (2024)
Taux de chômage	3.7%	3.8% (2024)

Fidelity National Financial, Inc. (FNF) - Analyse du pilon: facteurs sociaux

Modification des tendances démographiques impactant les préférences du marché du logement

En 2024, les changements démographiques influencent considérablement la dynamique du marché immobilier:

Segment démographique	Taux d'accession à la propriété	Âge d'achat de la maison médiane
Millennials (né en 1981-1996)	43.4%	33 ans
Gen Z (né en 1997-2012)	26.7%	28 ans

Tendances de travail à distance modifiant les modèles de transaction immobilière

Impact à distance du travail sur les transactions immobilières:

• 37,8% des travailleurs travaillent désormais à distance au moins à temps partiel
• Les achats de banlieue et de maisons ruraux ont augmenté de 22,3%
• La préférence moyenne de la taille de la maison a été élargie de 15,6%

Augmentation de la demande des consommateurs de services financiers numériques et rationalisés

Catégorie de service numérique	Taux d'adoption des utilisateurs	Croissance annuelle
Assurance titre en ligne	64.2%	18.7%
Transactions immobilières mobiles	52.9%	24.3%

Growing Millennial and Gen Z

Attentes de propriété par génération:

• Les milléniaux s'attendent à une accession à la propriété: 68,5%
• Gen Z Planning Home Achat dans les 5 ans: 42,3%
• Budget moyen pour les premiers acheteurs: 325 000 $

Fidelity National Financial, Inc. (FNF) - Analyse du pilon: facteurs technologiques

Investissement continu dans la transformation numérique et les solutions d'assurance

En 2023, Fidelity National Financial a investi 87,4 millions de dollars dans les initiatives de transformation technologique et numérique. Les dépenses technologiques de l'entreprise ont représenté 3,2% de ses revenus totaux.

Métriques d'investissement technologique	Valeur 2023
Investissement technologique total	87,4 millions de dollars
Pourcentage de revenus	3.2%
Projets de transformation numérique	12 initiatives majeures

Améliorations de la cybersécurité pour protéger les données financières et personnelles sensibles

FNF a alloué 23,6 millions de dollars spécifiquement aux infrastructures de cybersécurité en 2023. La société a signalé aucune violation de données majeures au cours de l'exercice.

Métriques de cybersécurité	2023 statistiques
Investissement en cybersécurité	23,6 millions de dollars
Incidents de violation de données	0
Couverture de protection des points de terminaison	98.7%

Intelligence artificielle et apprentissage automatique Amélioration du traitement des revendications

FNF a mis en œuvre les systèmes de traitement des réclamations axés sur l'IA qui ont réduit le temps de traitement de 37% et réduit les coûts opérationnels de 14,2 millions de dollars en 2023.

L'IA réclame les mesures de traitement	Performance de 2023
Réduction du temps de traitement	37%
Économies de coûts	14,2 millions de dollars
Réclamations transformées en AI	64% du total des réclamations

Blockchain et technologies de transaction numérique Moderniser les processus d'assurance titre

FNF a investi 12,7 millions de dollars dans les technologies de la blockchain et des transactions numériques, permettant à 42% des transactions d'assurance de titre d'être traitées via des plateformes numériques en 2023.

Métriques technologiques de la blockchain	Valeur 2023
Investissement de blockchain	12,7 millions de dollars
Pourcentage de transaction numérique	42%
Amélioration de la vitesse de traitement des transactions	28%

Fidelity National Financial, Inc. (FNF) - Analyse du pilon: facteurs juridiques

Conformité à l'évolution des réglementations des services financiers

Fidelity National Financial, Inc. a déclaré 261,5 millions de dollars en frais de conformité réglementaire pour 2022. La société maintient le respect des cadres réglementaires clés, notamment:

Cadre réglementaire	Statut de conformité	Coût annuel de conformité
Dodd-Frank Wall Street Reform	Compliance complète	45,3 millions de dollars
Divulgation intégrée de Tila-Respa (TRID)	Entièrement implémenté	37,6 millions de dollars
Règlement sur l'assurance des États	Conforme dans 50 États	78,2 millions de dollars

Risques potentiels en matière de litige dans l'assurance-titre et les transactions immobilières

Analyse de l'exposition au contentieux:

Catégorie de litige	Nombre de cas actifs	Réserves légales estimées
Réclamations d'assurance titres	342 cas	156,7 millions de dollars
Contests de transaction immobilière	217 cas	89,4 millions de dollars

Exigences légales de confidentialité et de protection des données

Investissements de cybersécurité et de protection des données pour 2022:

• Dépenses totales de cybersécurité: 42,3 millions de dollars
• Conformité avec CCPA: vérifié
• Audit de conformité du RGPD: terminé
• Mesures de prévention des violations de données: 18,6 millions de dollars investis

Considérations antitrust dans les fusions de services financiers

Métriques de conformité juridique de fusion et d'acquisition:

Activité de fusion	Statut d'examen réglementaire	Frais de consultation juridique
Stewart Information Services Acquisition	Approuvé par le DOJ	7,2 millions de dollars
Consultations juridiques antitrust	Conformité continue	12,5 millions de dollars

Fidelity National Financial, Inc. (FNF) - Analyse du pilon: facteurs environnementaux

Impact du changement climatique sur l'assurance immobilière et les évaluations immobilières

Selon Swiss Re Institute, les pertes économiques mondiales des catastrophes naturelles ont atteint 260 milliards de dollars en 2022, avec des pertes assurées à 120 milliards de dollars. Les risques liés au climat devraient réduire la valeur des propriétés dans les zones à haut risque de 15 à 20% d'ici 2030.

Catégorie des risques climatiques	Impact de la valeur potentielle	Probabilité annuelle du risque
Risque d'inondation	-17,8% de la valeur de la propriété	25.4%
Risque d'incendie de forêt	-16,3% de la valeur de la propriété	18.7%
Risque d'ouragan	-19,2% de la valeur de la propriété	22.6%

Tendances de développement durable influençant les transactions immobilières

Le marché mondial des matériaux de construction verte devrait atteindre 573,9 milliards de dollars d'ici 2027, augmentant à un TCAC de 11,4%. Les investissements immobiliers durables ont augmenté de 22,3% en 2022.

Métrique de développement durable	Valeur 2022	Valeur projetée 2027
Marché des matériaux de construction verts	364,6 milliards de dollars	573,9 milliards de dollars
Investissements immobiliers durables	378,2 milliards de dollars	621,5 milliards de dollars

Accent croissant sur la construction verte et les évaluations des risques environnementaux

La croissance de la certification LEED indique une conscience environnementale croissante: 69 460 projets certifiés LEED dans le monde en 2022, couvrant 9,4 milliards de pieds carrés d'espace.

• Potentiel de réduction des émissions de carbone à travers les bâtiments verts: 34-39%
• Amélioration de l'efficacité énergétique: 25-30%
• Réduction de l'utilisation de l'eau: 20-25%

Exigences réglementaires potentielles pour la divulgation environnementale dans l'immobilier

SEC a proposé des règles de divulgation liées au climat en 2022, exigeant des émissions complètes de gaz à effet de serre de rapport pour les sociétés publiques. Les coûts de conformité estimés varient de 420 000 $ à 530 000 $ par an pour les entreprises de taille moyenne.

Exigence de divulgation réglementaire	Coût de mise en œuvre estimé	Chronologie de la conformité
Portée 1 Rapports des émissions	$210,000	2024-2025
Portée 2 Émissions Rapports	$185,000	2025-2026
Divulgation complète du climat	$530,000	2026-2027

Fidelity National Financial, Inc. (FNF) - PESTLE Analysis: Social factors

Baby Boomers Drive Cash-Heavy Transactions

You're seeing a significant demographic shift where the largest buying cohort, Baby Boomers, is fundamentally changing the title insurance business model. The combined share of Younger and Older Boomers (aged 60-78) now represents the largest generational group of buyers at 42% of all purchases. This group possesses substantial accumulated home equity and wealth, which translates directly into a higher propensity for all-cash transactions.

This trend is a headwind for Fidelity National Financial, Inc. (FNF) in its core title business because cash sales bypass the need for a mortgage, which in turn reduces the volume of high-premium loan title policies. Honestly, when half of Older Boomers and two out of five Younger Boomers are purchasing without financing, that's a massive chunk of volume moving away from the most lucrative part of the title premium stack. The overall share of all-cash buyers hit a record high of 26% of all transactions in 2025.

Homebuyer Cohort	Share of Total Buyers (2025)	Median Age (2025)	Key Financial Impact on FNF
Baby Boomers (60-78)	42%	66 (Younger Boomers)	High cash-purchase rate, reducing high-premium loan title policy volume.
Millennials (26-44)	29%	39 (Older Millennials)	Delayed entry, high reliance on mortgages, but restricted by affordability.
Gen X (45-59)	24%	52	Highest income, most likely to purchase multigenerational homes.
First-Time Buyers (All Ages)	21%	40	Record low share, signaling a shrinking pipeline of future repeat business.

Affordability Crisis Squeezes First-Time Buyers

The severe housing affordability crisis is defintely restricting the entry of younger, first-time buyers, who are the future lifeblood of the title insurance pipeline. First-time buyers-primarily Millennials and Gen Z-now represent a record low of just 21% of all home purchases, down from 32% just two years prior. This is a critical metric for FNF because a shrinking first-time buyer pool means fewer future repeat buyers and less long-term growth in title policy volume.

The median age for a first-time buyer has climbed to an all-time high of 40 years old. This decade-long delay in homeownership for a generation that makes up over 30% of the population means delayed mortgage origination volume, and thus, delayed title policy revenue. Here's the quick math: fewer young buyers today means fewer transactions needing title insurance for the next decade.

Demand for Digital Closing Convenience

Consumer expectations, particularly among the tech-native younger generations, are rapidly shifting toward digital convenience, driving demand for hybrid and fully remote closing options. Millennials are 19% more likely to make purchases online, and Gen Z is 27.3% more likely to use online payment methods compared to other generations. This push forces title companies like FNF to invest heavily in technology like Remote Online Notarization (RON) to maintain market share.

While this digital shift streamlines operations, it also introduces new risks like title piracy (forgery of deeds/mortgages) and wire fraud, which FNF must mitigate through enhanced cybersecurity and new insurance products. The market is clearly demanding a faster, easier, and more secure process:

• Hybrid closings are becoming a standard practice by 2025.
• A 2021 study noted 62% of homebuyers wanted a fully digital closing.
• Title companies offering digital closing services had increased by 228% in a two-year period.

Rise of Multigenerational Home Purchases

Multigenerational home purchases are rising, fueled by the affordability crisis and the growing need for in-home caregiving. This segment now accounts for 17% of all home purchases. Gen X buyers, often called the 'sandwich generation,' are leading this trend, with 21% of their purchases being multigenerational homes.

The primary drivers for this social trend are clear: cost savings (cited by 36% of these buyers), caring for aging relatives (25%), and adult children moving back home (21%). This trend increases the complexity of title transactions, as more parties are often involved in the ownership structure, potentially requiring more complex title searches and policies, but it also reflects a creative way that families are adapting to high housing costs to keep the market moving.

Fidelity National Financial, Inc. (FNF) - PESTLE Analysis: Technological factors

You're operating in a real estate market where digital speed is no longer a luxury, but a core expectation, and the security risk is measured in nine-figure losses. FNF's strategy is clear: deploy targeted technology to not just digitize, but to defintely secure the transaction, protecting its market-leading position.

FNF's digital closing experience supports hybrid and fully Remote Online Notarization (RON) in compliant jurisdictions

The move toward fully digital closings is a primary technological driver for Fidelity National Financial, Inc. (FNF). Its comprehensive digital closing experience supports both hybrid closings (part paper, part digital) and fully Remote Online Notarization (RON), which allows the entire closing to be completed via secure video conference.

This capability is crucial for scaling efficiency and meeting consumer demand for convenience. The legal landscape has caught up quickly, which is a major tailwind for FNF's platform adoption.

• 45 states and the District of Columbia have permanent RON laws as of February 2025.
• A properly performed RON in one state is generally recognized in all 50 states.

Continued investment in AI and blockchain is a strategic focus to streamline title production and enhance data security

FNF is actively investing in automation, particularly Artificial Intelligence (AI) and blockchain technology, to streamline the historically manual process of title production. This isn't just a buzzword strategy; it's a direct lever for margin improvement.

The operational efficiencies gained from these technology investments, including the deployment of the InHere digital platform and automated title technologies, were a key factor in the Title Segment's Q1 2025 performance. This focus helps FNF maintain an industry-leading position even as transaction volumes fluctuate.

Here's the quick math on the impact:

FNF Title Segment Metric (Q1 2025)	Value	Context
Adjusted Pretax Title Earnings	$211 million	Driven partially by technology-led operational efficiencies.
Adjusted Pretax Title Margin	11.7%	An increase of 100 basis points over Q1 2024.
Title Segment Revenue	$1.8 billion	Supported by a 10% increase in operating expenses, which includes tech investment.

WireSafe and Start inHere® programs are critical technology investments to protect consumers from wire fraud and enhance the opening process

The most immediate and material technological risk in real estate is wire fraud, often executed through Business Email Compromise (BEC). FNF's WireSafe campaign and the Start inHere® digital opening package are direct technological defenses against this threat.

The Start inHere® platform lessens the dependency on insecure email for exchanging sensitive wire instructions by moving the process to a secure, authenticated digital portal. This is a necessary defense when considering the scale of the problem.

• National real estate wire fraud losses reported to the FBI IC3 totaled $145 million in 2023.
• Approximately one in four homebuyers and sellers reported being targeted by fraud attempts during the closing process.
• The median loss per victim of real estate wire fraud is over $70,000.

Cybersecurity risk remains a top priority, requiring rigorous information security protocols to protect client funds and private data

For a company that handles massive volumes of nonpublic personal information (NPI) and client funds, cybersecurity is the single biggest operational risk. This was underscored by the late 2023 cyber incident, which temporarily disrupted FNF's title, escrow, and mortgage transaction services.

The incident potentially exposed data of up to 1.3 million customers. [cite: 7 (from previous search)] The company must now maintain a high level of security spending to mitigate the risk of repeat attacks, especially as cybercrime becomes more costly and sophisticated.

The broader context shows the financial imperative: global spending on cybersecurity products and services is projected to reach $459 billion annually by 2025, while cybercrime is predicted to cost the world $10.5 trillion annually by 2025. [cite: 20 (from previous search)] FNF's continued investment in security is a non-negotiable cost of doing business in a digital environment.

Fidelity National Financial, Inc. (FNF) - PESTLE Analysis: Legal factors

Compliance with the Real Estate Settlement Procedures Act (RESPA) remains paramount, particularly regarding affiliated business arrangements.

For Fidelity National Financial, Inc. (FNF), the Real Estate Settlement Procedures Act (RESPA) Section 8 remains a primary legal risk, specifically concerning its numerous affiliated business arrangements (ABAs). The Consumer Financial Protection Bureau (CFPB) is actively scrutinizing these structures, viewing the line between legitimate profit-sharing and illegal kickbacks as razor-thin. You must ensure every ABA strictly adheres to the three core safe-harbor provisions.

The regulatory environment is not getting any softer. In a recent, non-FNF action, the CFPB imposed a $1.75 million penalty on a major lender in August 2023 for providing illegal incentives, which signals the Bureau's aggressive stance. FNF's legal team must constantly audit its disclosures and referral processes to prevent regulators from viewing revenue-sharing as a payment for referrals, which is a prohibited practice.

Here's the quick math on the core compliance requirements for any ABA to be legal:

• Provide a written disclosure of the relationship and fees at or before the referral.
• Ensure the consumer is not required to use the affiliate.
• Limit returns to bona-fide dividends or other ownership-based distributions, not compensation tied to the referral volume.

Title insurance is highly regulated at the state level, creating a complex, multi-jurisdictional compliance burden for FNF.

FNF's scale, which includes holding the #1 or #2 market position in 39 states, means its compliance burden is exponentially compounded across various state regulatory bodies. Title insurance rates, licensing, and forms are largely set at the state level, requiring FNF to maintain 50 separate compliance frameworks.

Adding to this complexity is the new federal Anti-Money Laundering (AML) rule for Residential Real Estate Transfers issued by the Financial Crimes Enforcement Network (FinCEN). This rule, which takes effect on December 1, 2025, significantly broadens reporting requirements beyond the previous Geographic Targeting Orders (GTOs).

To illustrate the operational impact, FNF's direct operations filed 6,751 reports under the previous GTO in the last year. By FNF's own conservative calculations, the new FinCEN rule is expected to increase the number of transactions requiring a filed report by about five times in 2026. That is a massive undertaking for the compliance and reporting infrastructure.

Evolving state laws on Remote Online Notarization (RON) directly impact the scalability of digital closing services.

The shift to digital closings hinges on the legal acceptance of Remote Online Notarization (RON), and the legislative progress here is a key opportunity. As of February 2025, 45 states and the District of Columbia have enacted permanent RON laws, up from a handful just a few years ago. This widespread adoption is defintely a tailwind for FNF's digital strategy.

Still, the legal patchwork limits immediate, seamless national scalability. FNF, as an underwriter, maintains a strict policy to mitigate risk, allowing remote notarization only when the buyer and seller are located in the United States, AND both the notary and the property are physically located in a RON-approved state. This nuanced approach adds friction to the closing process despite the underlying technology being ready.

The table below summarizes the rapid legal adoption of RON, which is crucial for FNF's digital closing platforms:

Legal Status (as of Feb 2025)	Number of Jurisdictions	Impact on FNF's Digital Strategy
States with Permanent RON Law	45 States + D.C.	High scalability potential; focus shifts to e-recording adoption.
States with Temporary/Limited RON Law	<5 States (e.g., Rhode Island, Delaware)	Requires transaction-specific legal review; limits national standardization.
Federal Legislation (SECURE Notarization Act)	Pending in Congress	If passed, would create a uniform national standard, dramatically simplifying compliance.

Data privacy laws (like CCPA) require constant updates to FNF's rigorous protocols for handling sensitive consumer information.

Handling massive volumes of sensitive consumer data-Social Security numbers, financial records, and private property details-makes FNF a prime target for data privacy regulation. The California Consumer Privacy Act (CCPA), as amended by the California Privacy Rights Act (CPRA), sets the benchmark for compliance, and its reach is national due to FNF's operations.

The law's applicability threshold increased in 2025: businesses must now have annual gross revenue exceeding $26,625,000 to be covered. Given FNF's quarterly revenue alone is in the billions, they are firmly in the highest compliance tier. Penalties are severe: intentional violations can incur fines up to $7,988 per violation.

New regulations approved in the latter half of 2025 introduce mandatory cybersecurity audits and risk assessments, with compliance deadlines tied to revenue. FNF, being a business with over $100 million in annual revenue, faces the earliest compliance deadline for these new audit requirements, which is April 1, 2028. This necessitates a significant, planned investment in data security and governance over the next three years. You need to budget for that now.

Fidelity National Financial, Inc. (FNF) - PESTLE Analysis: Environmental factors

FNF has a formal, board-level Climate Risk Assessment to identify enterprise-level operational and strategic risks

You need to know how climate change impacts a business whose core asset is real estate title, and Fidelity National Financial, Inc. (FNF) takes this seriously. They have a formalized, enterprise-level Climate Risk Assessment to pinpoint both operational and strategic risks and opportunities. This isn't just a compliance exercise; it's a way to map out where the business is defintely exposed and where it remains insulated.

The company integrates climate-change risk into its existing enterprise risk management (ERM) function, investment decisions, and board reporting. This means the macro trend of a warming planet is explicitly factored into how FNF allocates capital and manages its long-term strategy.

Title insurance loss ratios are not materially impacted by climate events

Here's the quick math on FNF's strategic insulation: title insurance is fundamentally different from property and casualty (P&C) insurance. Title insurance protects against defects in the legal title to property-things like undisclosed liens, fraud, or errors in public records-not physical damage from a hurricane or a wildfire.

This distinction is crucial right now. While the broader U.S. insurance market saw global insured losses from natural catastrophes hit a staggering $100 billion in the first half of 2025, FNF's title insurance loss ratios remain largely unaffected by these physical climate events. The risk FNF manages is legal and financial, not structural damage to a home. Still, the secondary economic effects of climate risk-like falling property values in high-risk zones, which could affect real estate transaction volume-are a strategic concern.

Company headquarters achieved a 19% decrease in carbon emissions (MTCO2e) and a 65% decline in non-recycled waste in 2024 versus the 2019 baseline

FNF is a service-based company, so its direct environmental footprint is small, but the reduction efforts at its Jacksonville Headquarters show a clear commitment to efficiency. The latest data for 2024 demonstrates tangible progress against their 2019 baseline, which is a good sign for operational discipline.

The headquarters achieved a 19% decrease in carbon emissions (MTCO2e), bringing the 2024 footprint to 2,167 MTCO2e. Plus, waste reduction initiatives led to a massive 65% decline in non-recycled waste, with the total non-recycled waste footprint at 42 tons in 2024. These numbers show that FNF is actively reducing its physical resource consumption.

Here is a summary of the 2024 environmental footprint improvements at the Jacksonville Headquarters compared to the 2019 baseline:

Metric	2024 Reported Value	Reduction vs. 2019 Baseline
Carbon Emissions (MTCO2e)	2,167 MTCO2e	19% decrease
Non-Recycled Waste	42 tons	65% decline
Electricity Consumption	5.67 million kWH	10% decline
Water Consumption	5.5 million gallons	42% decrease

ESG (Environmental, Social, and Governance) strategy development and oversight are managed by the Audit Committee of the board

For a public company, where the oversight sits tells you everything about its importance. At Fidelity National Financial, Inc., the Audit Committee of the board of directors is explicitly tasked with the oversight of the ESG strategy development and enterprise risk, which includes environmental risk.

This structure, confirmed in the February 2025 Audit Committee Charter, places the responsibility for environmental risk management right alongside financial reporting and legal compliance. It ensures that ESG matters are not siloed in a separate department but are treated as a core financial and compliance risk for the firm. The Chief Compliance Officer and Chief Risk Officer routinely report on these issues to the Audit Committee.

The key areas of environmental focus overseen by the board include:

• Monitoring the company's overall environmental impact.
• Reducing emissions, releases, and waste, and preventing pollution.
• Using natural resources and energy efficiently.
• Incorporating consideration of climate-change risk into investment decisions.