Fidelity National Financial Management

Management criteria checks 2/4

Fidelity National Financial's CEO is Mike Nolan, appointed in Feb 2022, has a tenure of 2.17 years. total yearly compensation is $9.80M, comprised of 9.7% salary and 90.3% bonuses, including company stock and options. directly owns 0.17% of the company’s shares, worth €21.65M. The average tenure of the management team and the board of directors is 2.3 years and 18 years respectively.

Key information

Mike Nolan

Chief executive officer

US$9.8m

Total compensation

CEO salary percentage	9.7%
CEO tenure	2.2yrs
CEO ownership	0.2%
Management average tenure	2.3yrs
Board average tenure	18yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Nolan's remuneration changed compared to Fidelity National Financial's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$10m	US$947k	US$517m
Sep 30 2023	n/a	n/a	US$423m
Jun 30 2023	n/a	n/a	US$359m
Mar 31 2023	n/a	n/a	US$677m
Dec 31 2022	US$8m	US$872k	US$1b
Sep 30 2022	n/a	n/a	US$2b
Jun 30 2022	n/a	n/a	US$2b
Mar 31 2022	n/a	n/a	US$2b
Dec 31 2021	US$5m	US$757k	US$3b
Sep 30 2021	n/a	n/a	US$3b
Jun 30 2021	n/a	n/a	US$2b
Mar 31 2021	n/a	n/a	US$2b
Dec 31 2020	US$5m	US$628k	US$1b
Sep 30 2020	n/a	n/a	US$989m
Jun 30 2020	n/a	n/a	US$833m
Mar 31 2020	n/a	n/a	US$795m
Dec 31 2019	US$4m	US$680k	US$1b
Sep 30 2019	n/a	n/a	US$766m
Jun 30 2019	n/a	n/a	US$752m
Mar 31 2019	n/a	n/a	US$737m
Dec 31 2018	US$4m	US$630k	US$628m
Sep 30 2018	n/a	n/a	US$840m
Jun 30 2018	n/a	n/a	US$756m
Mar 31 2018	n/a	n/a	US$554m
Dec 31 2017	US$4m	US$630k	US$507m

Compensation vs Market: Mike's total compensation ($USD9.80M) is above average for companies of similar size in the German market ($USD5.66M).

Compensation vs Earnings: Mike's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Mike Nolan (63 yo)

2.2yrs

Tenure

US$9,801,585

Compensation

Mr. Michael Joseph Nolan, also known as Mike, serves as Director of F&G Annuities & Life, Inc. since August 2020. He has been Director at FGL Holdings since June 1, 2020. He serves as a Chairman, President...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Nolan	Chief Executive Officer	2.2yrs	US$9.80m	0.17% $ 21.6m
Raymond Quirk	Executive Vice-Chairman	7.2yrs	US$6.65m	0.84% $ 108.0m
Anthony Park	Executive VP & CFO	18.5yrs	US$3.73m	0.17% $ 21.5m
Peter Sadowski	Executive VP & Chief Legal Officer	15.5yrs	US$3.33m	0.093% $ 12.0m
Michael Gravelle	General Counsel & Corporate Secretary	16yrs	US$3.16m	0.075% $ 9.7m
John Crowley	Chief Information Officer	1.3yrs	no data	no data
Lisa Foxworthy-Parker	Senior Vice President of Investor & External Relations	2.4yrs	no data	no data
Paul Perez	Chief Compliance Officer & Deputy Chief Legal Officer	5.3yrs	no data	no data
Bradley Ono	Assistant Vice President of Sales & Client Development	6.6yrs	no data	no data
Melissa Circelli	Chief Human Resources Officer	1.6yrs	no data	no data
Roger Jewkes	Executive Vice President	1.8yrs	US$1.57m	0% $ 0
Donald Cole	Chief Underwriting Counsel	1.3yrs	no data	no data

2.3yrs

Average Tenure

64yo

Average Age

Experienced Management: F1EF's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Raymond Quirk	Executive Vice-Chairman	7.2yrs	US$6.65m	0.84% $ 108.0m
Thomas Hagerty	Director	19.3yrs	US$390.62k	0.12% $ 15.9m
William Foley	Non-Executive Chairman	40.3yrs	US$7.84m	3.11% $ 399.7m
Daniel Lane	Independent Director	19.3yrs	US$408.56k	0.099% $ 12.8m
Cary Thompson	Independent Director	19.3yrs	US$405.62k	0.015% $ 1.9m
John Rood	Independent Director	10.9yrs	US$645.61k	0.086% $ 11.0m
Douglas Ammerman	Lead Independent Director	18.8yrs	US$723.14k	0.059% $ 7.6m
Peter Shea	Independent Director	18yrs	US$410.62k	0.097% $ 12.5m
Heather Miller	Independent Director	6.9yrs	US$447.67k	0.011% $ 1.4m
Sandra Morgan	Independent Director	3.4yrs	US$423.22k	0.010% $ 1.3m
Halim Dhanidina	Independent Director	2.9yrs	US$407.85k	0.0066% $ 843.0k

18.0yrs

Average Tenure

66yo

Average Age

Experienced Board: F1EF's board of directors are seasoned and experienced ( 18 years average tenure).

Fidelity National Financial Management

Management criteria checks 2/4

Key information

Recent management updates

Fidelity National Financial, Inc., Annual General Meeting, Jun 12, 2024

Independent Director recently sold €1.1m worth of stock

Insufficient new directors

Chief Executive Officer recently sold €1.2m worth of stock

Independent Director recently sold €197k worth of stock

Fidelity National Financial, Inc. Announces Changes to its Executives

Recent updates

Fidelity National Financial, Inc., Annual General Meeting, Jun 12, 2024

Fidelity National Financial, Inc. to Report Q1, 2024 Results on May 08, 2024

Independent Director recently sold €1.1m worth of stock

Full year 2023 earnings released: EPS: US$1.92 (vs US$4.13 in FY 2022)

Third quarter dividend of US$0.48 announced

Fidelity National Financial, Inc. Declares Quarterly Cash Dividend, Payable on March 29, 2024

Fidelity National Financial, Inc. to Report Q4, 2023 Results on Feb 21, 2024

Upcoming dividend of US$0.48 per share at 4.1% yield

Insufficient new directors

Third quarter 2023 earnings released: EPS: US$1.58 (vs US$1.06 in 3Q 2022)

Fidelity National Financial, Inc. Announces Quarterly Cash Dividend, Payable on December 29, 2023

Fidelity National Financial, Inc. to Report Q3, 2023 Results on Nov 07, 2023

Chief Executive Officer recently sold €1.2m worth of stock

Upcoming dividend of US$0.45 per share at 4.3% yield

New minor risk - Dividend sustainability

New minor risk - Dividend sustainability

Second quarter 2023 earnings released: EPS: US$0.81 (vs US$1.37 in 2Q 2022)

Fidelity National Financial, Inc. Announces Quarterly Cash Dividend, Payable on September 29, 2023

Fidelity National Financial, Inc. to Report Q2, 2023 Results on Aug 08, 2023

Fidelity National Financial, Inc.(NYSE:FNF) dropped from Russell 1000 Value-Defensive Index

Upcoming dividend of US$0.45 per share at 5.1% yield

First quarter 2023 earnings released: US$0.22 loss per share (vs US$1.41 profit in 1Q 2022)

Fidelity National Financial, Inc. Declares Quarterly Cash Dividend, Payable on June 30, 2023

Upcoming dividend of US$0.45 per share at 4.8% yield

Full year 2022 earnings released: EPS: US$4.13 (vs US$8.47 in FY 2021)

Fidelity National Financial, Inc. Declares Quarterly Cash Dividend, Payable on March 31, 2023

Fidelity National Financial, Inc. to Report Q4, 2022 Results on Feb 22, 2023

Independent Director recently sold €197k worth of stock

Upcoming dividend of US$0.45 per share

Fidelity National Financial, Inc. (NYSE:FNF) agreed to acquire TitlePoint Resource Center from Black Knight, Inc. (NYSE:BKI) for $225 million.

Fidelity National Financial, Inc. (NYSE:FNF) acquired St. Louis Title, LLC /Security Title Insurance Agency, LLC/Accurate Disbursing/Benchmark Title Co LLC.

Fidelity National Financial, Inc. Announces Increase in Quarterly Cash Dividend, Payable on December 30, 2022

Fidelity National Financial, Inc. to Report Q3, 2022 Results on Nov 08, 2022

Fidelity National Financial, Inc. Announces Changes to its Executives

Upcoming dividend of US$0.44 per share

Fidelity National Financial, Inc. Appoints Joe Grealish as President, Eastern Operations

Executive VP & Chief Legal Officer recently sold €916k worth of stock

Fidelity National Financial, Inc. (NYSE:FNF) acquired AllFirst Title Insurance Agency.

Second quarter 2022 earnings released: EPS: US$1.37 (vs US$1.91 in 2Q 2021)

Fidelity National Financial, Inc. Announces Quarterly Cash Dividend, Payable on September 30, 2022

Fidelity National Financial, Inc. to Report Q2, 2022 Results on Aug 02, 2022

Fidelity National Financial, Inc. Announces Executive Changes

Upcoming dividend of US$0.44 per share

Fidelity National Financial, Inc. Announces Appointment of Brian Maughan to Chief Innovation Officer

First quarter 2022 earnings released: EPS: US$1.41 (vs US$2.08 in 1Q 2021)

Fidelity National Financial, Inc. Announces Quarterly Cash Dividend, Payable June 30, 2022

Fidelity National Financial, Inc., Annual General Meeting, Jun 15, 2022

Fidelity National Financial, Inc. Enters into Stipulation and Agreement of Compromise, Settlement, and Release to Resolve the Litigation

Chief Operating Officer recently sold €335k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age