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Headquarters:
601 Riverside Avenue
Jacksonville, FL 32204
Employees: 32,700
CEO: William Foley
Stock Symbol: FNF
Website:
http://www.fnf.com
Career Site
Fidelity National Financial is a provider
of outsourced products and services to a variety of industries.
Through its majority-owned, publicly traded
subsidiary, Fidelity National Title Group, Inc. (NYSE:FNT), FNF
is the nation's largest title insurance company, with nearly
31% national market share.
Through its majority-owned, publicly traded
subsidiary, Fidelity National Information Services, Inc. (NYSE:FIS),
FNF provides an industry leading suite of data processing, payment
and risk management services to financial institutions and retailers.
Through its wholly-owned subsidiaries, FNF is also a leading
provider of specialty insurance products, including flood insurance,
homeowners insurance and home warranty insurance.
Through its minority-owned subsidiary,
Sedgwick CMS, FNF is a leading provider of outsourced insurance
claims management services to large corporate and public sector
entities.
In 2005, the company reported revenue of
$9.67 billion and net income of $964.1 million.
History
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.
1987 - Fidelity begins trading on the American Stock Exchange
under the symbol FNF.
Fidelity acquires Western Title Insurance Company.
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.
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.
2003 - FNF acquires Lender's Service, Inc. (LSI), a leading
national provider of appraisal, title and closing services to
residential mortgage originators.
Updated March 19, 2006
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