Fidelity National Financial Inc provides title insurance, technology and transaction services to the real estate and mortgage industries. The Company through its title insurance underwriters - Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo Title issues more title insurance policies than any other title company in United States. It also provides 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 ("BKFS") and ServiceLink Holdings, LLC ("ServiceLink"). The Company owns majority and minority equity investment stakes in a number of entities, including American Blue Ribbon Holdings, LLC ("ABRH"), J. Alexander's, LLC ("J. Alexander's"), Remy International, Inc. ("Remy"), Ceridian HCM, Inc., Comdata Inc. (collectively "Ceridian") and Digital Insurance, Inc. ("Digital Insurance"). The Company has five reporting segments as follows: Fidelity National Title Group: This segment consists of the operations of Company's 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's sales guarantees, recordings and reconveyances, and home warranty insurance. FNF Corporate and Other: The FNF corporate and other segment consists of the operations of the parent holding company, certain other unallocated corporate overhead expenses, and other smaller real estate and insurance related operations. Remy: This segment consists of the operations of Remy, in which the Company has a 51% ownership interest. Remy is a designer, manufacturer, remanufacturer, marketer and distributor of after market and original equipment components for automobiles, light trucks, heavy-duty trucks and other vehicles. Remy manufactures and sells auto parts, principally starter motors and alternators, as well as hybrid electric motors and multi-line products, including steering gear, constant velocity (CV) axles, and brake calipers, for sale to original equipment manufacturers (OEM) and aftermarket customers. It also manufactures products for automobiles as well as light and heavy duty commercial vehicles. Restaurant Group: The Restaurant Group segment consists of the operations of ABRH, in which the Company 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 Stoney River Legendary Steaks ("Stoney River") concept. Portfolio Company Corporate and Other: The Portfolio Company Corporate and Other segment primarily consists of Company's share in the operations of certain equity investments, including Ceridian, Digital Insurance and other smaller operations which are not title related. The Company competes with other major 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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