Fidelity National Financial Inc was incorporated on May 24, 2005. It is a provider of title insurance, technology and transaction services to the real estate and mortgage industries. FNF is a title insurance company through its title insurance underwriters - Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title and National Title of New York Inc. - that collectively issue more title insurance policies than any other title company in the United States. FNF also provides industry mortgage technology solutions and transaction services, including MSP, the residential mortgage servicing technology platform in the U.S., through its majority-owned subsidiaries, Black Knight Financial Services, LLC and ServiceLink Holdings, LLC. In addition, in its FNFV group, it owns majority and minority equity investment stakes in a number of entities, including American Blue Ribbon Holdings, LLC, J. Alexander's, LLC, Ceridian HCM, Inc. and Fleetcor Technologies Inc. and Digital Insurance, Inc. FNF Core Operations consists of three segments: Title, BKFS and FNF Core Corporate & Other. FNFV consists of two segments: Restaurant Group and FNFV Corporate & Other. Title segment consists of the operations of its title insurance underwriters and related businesses. This segment provides core title insurance and escrow and other title related services including collection and trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty insurance. This segment also includes the transaction services business acquired from Lender Processing Services ("LPS"), now combined with its ServiceLink business. Transaction services include other title related services used in production and management of mortgage loans, including mortgage loans that go into default. BKFS segment consists of the operations of BKFS. This segment provides core technology and data and analytics services through software systems and information solutions that facilitate and automate many of the business processes across the life cycle of a mortgage. FNF Core Corporate and Other segment consist of the operations of the parent holding company, certain other unallocated corporate overhead expenses, and other smaller real estate and insurance related operations. Restaurant Group segment consists of the operations of ABRH, in which it has a 55% ownership interest. ABRH is the owner and operator of the O'Charley's, Ninety Nine Restaurants, Max & Erma's, Village Inn and Bakers Square concepts. This segment also includes J. Alexander's, which includes the J. Alexander's and Stoney River Steakhouse and Grill concepts. FNFV Corporate and Other segment consists of its share in the operations of certain equity investments, including Ceridian, as well as Digital Insurance in which it owns 96% and other smaller operations which are not title related. The Company competes with other title underwriters such as First American Financial Corporation, Old Republic International Corporation and Stewart Information Services Corporation, as well as numerous smaller title insurance companies, underwritten title companies and independent agency operations at the regional and local level. The Company is governed by both state and federal governments and the applicable insurance laws and regulations are constantly subject to change, it is not possible to predict the potential effects on Company's insurance operations of any laws or regulations that may become more restrictive in the future or if new restrictive laws will be enacted.
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