Fidelity National Financial, Inc.is a holding company that is a provider, through its subsidiaries, of title insurance, specialty insurance, claims management services, and information services. The Company currently has three reporting segments as follows: Fidelity National Title Group: This 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's sales guarantees, recordings and reconveyances. Specialty Insurance: The specialty insurance segment consists of certain subsidiaries that issue flood, home warranty, homeowners, automobile and other personal lines insurance policies. Corporate and Other: The corporate and other segment consists of the operations of the parent holding company, certain other unallocated corporate overhead expenses, other smaller operations, and the Company's share in the operations of certain equity investments, including Sedgwick, Ceridian, and Remy International, Inc. Fidelity issues various insurance policies and contracts, which include the following: Flood insurance. The Company issues new and renewal flood insurance policies in conjunction with the NFIP. The NFIP bears all insurance risk related to these policies. Home warranty: Fidelity issues one-year, renewable contracts that protect homeowners against defects in household systems and appliances. Personal lines insurance: The Company offers and underwrites homeowners insurance in 49 states. Automobile insurance is currently underwritten in 29 states. Fidelity would expand into several additional states in 2009 where favorable underwriting potential exists. In addition, it underwrites personal umbrella, inland marine, and other personal lines niche products in selected markets. The Company's sales and marketing efforts are mainly organized around its lines of business. Fidelity markets and distributes its title and escrow products and services to customers in the residential and commercial market sectors of the real estate industry through customer solicitation by sales personnel. Fidelity relies on a combination of contractual restrictions, internal security practices, and copyright and trade secret law to establish and protect its software, technology, and expertise. In the Company's specialty insurance segment, it competes with the national, regional and local insurance carriers. Fidelity's insurance subsidiaries, including title insurers, property and casualty insurers, underwritten title companies and insurance agencies, are subject to extensive regulation under applicable state laws.
BUYandHOLD does not offer or provide any investment advice
or opinion regarding the nature, potential, value, suitability
or profitability of any particular security, portfolio of
securities, transaction or investment strategy. Any investment
decisions you make will be based solely on your evaluation
of your financial circumstances, investment objectives, risk
tolerance, and liquidity needs. The security and information
listed above and is being provided for informational purposes
only and should not be regarded as an offer to sell or as
a solicitation of an offer to buy and past performance is
no guarantee of future results.
The BUYandHOLD
website contains links to third-party websites on the Internet.
BUYandHOLD provides these links to these websites only as
a convenience to users of the website. Links on the BUYandHOLD
website are not endorsements by BUYandHOLD or Freedom Investments,
implied or express, of the linked sites or any products, services
or links in such sites; and no information in such sites has
been endorsed or approved by BUYandHOLD. Linked sites are
not under the control of BUYandHOLD or Freedom Investments,
and we are not responsible for the contents of any linked
site or any link contained in a linked site. No information
contained in the BUYandHOLD website or accessed through any
linked site, or any link contained in a linked site, constitutes
a recommendation by BUYandHOLD or Freedom Investments to buy,
sell or hold any security, financial product or instrument.
Information accessed through linked sites is not, nor should
be construed as, an offer or a solicitation of an offer, to
buy or sell securities by BUYandHOLD or Freedom Investments.
BUYandHOLD does not offer or provide any investment advice
or opinion regarding the nature, potential, value, suitability
or profitability of any particular security, portfolio of
securities, transaction or investment strategy, and any investment
decisions you make will be based solely on your evaluation
of your financial circumstances, investment objectives, risk
tolerance, and liquidity needs.
