Fidelity National Financial vs Selective Insurance Group
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The short version
- Fidelity National Financial is the larger business, with $14.4B of revenue in fiscal 2025 against $5.3B for Selective Insurance Group, about 2.7 times as much.
- Selective Insurance Group grew revenue faster (9.8%, against 5.6%).
- Investors pay more for each dollar of Fidelity National Financial’s earnings: a P/E of 14.0x against 11.6x for Selective Insurance Group.
| Latest fiscal year | FNF · FY25 | SIGI · FY25 |
|---|---|---|
| Size | ||
| Market cap | $10.8B | $5.8B |
| Revenue | $14.4B | $5.3B |
| Free cash flow | — | $1.2B |
| Net income | $602M | $466M |
| Growth | ||
| Revenue growth | 5.6% | 9.8% |
| 5-year growth | 6.0% | 12.8% |
| Share count change | −0.4% | −0.4% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 4.2% | 8.7% |
| FCF margin | — | 22.4% |
| Return on capital | — | 14.6% |
| Return on equity | 7.9% | 13.9% |
| Balance sheet | ||
| Net debt | −$156M | $235M |
| Net debt / EBITDA | −0.1x | 0.4x |
| Dividends and buybacks | $797M | $186M |
| Valuation & quality | ||
| P/E | 14.0x | 11.6x |
| Piotroski F-score | — | — |
Revenue
FY16
FNF $7.3B
SIGI $2.3B
FY17
FNF $7.7B
SIGI $2.5B
FY18
FNF $7.6B
SIGI $2.6B
FY19
FNF $8.5B
SIGI $2.8B
FY20
FNF $10.8B
SIGI $2.9B
FY21
FNF $15.7B
SIGI $3.4B
FY22
FNF $11.6B
SIGI $3.6B
FY23
FNF $11.8B
SIGI $4.2B
FY24
FNF $13.7B
SIGI $4.9B
FY25
FNF $14.4B
SIGI $5.3B
FNF
SIGI
Operating margin
FY16
FNF —
SIGI —
FY17
FNF —
SIGI —
FY18
FNF —
SIGI —
FY19
FNF —
SIGI —
FY20
FNF —
SIGI —
FY21
FNF —
SIGI —
FY22
FNF —
SIGI —
FY23
FNF —
SIGI —
FY24
FNF —
SIGI —
FY25
FNF —
SIGI —
FNF
SIGI
Free cash flow
FY16
FNF —
SIGI —
FY17
FNF —
SIGI —
FY18
FNF —
SIGI $439M
FY19
FNF —
SIGI $447M
FY20
FNF —
SIGI $532M
FY21
FNF —
SIGI $749M
FY22
FNF —
SIGI $776M
FY23
FNF —
SIGI $736M
FY24
FNF —
SIGI $1.1B
FY25
FNF —
SIGI $1.2B
FNF
SIGI
Return on capital
FY16
FNF 9.3%
SIGI 10.6%
FY17
FNF 13.1%
SIGI 10.1%
FY18
FNF 17.7%
SIGI 10.4%
FY19
FNF 28.6%
SIGI 13.8%
FY20
FNF 26.4%
SIGI 10.2%
FY21
FNF 35.6%
SIGI 14.6%
FY22
FNF 20.9%
SIGI 8.9%
FY23
FNF —
SIGI 13.6%
FY24
FNF —
SIGI 7.4%
FY25
FNF —
SIGI 14.6%
FNF
SIGI
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.