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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 11-K
     
þ   ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
FOR THE FISCAL YEAR ENDED DECEMBER 31, 2007,
OR
     
o   TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
for the transition period from                      to                     
Commission file number 1-32630
A.   Full title of the plan and the address of the plan, if different from that of the issuer named below: The Fidelity National Financial Group 401(k) Profit Sharing Plan.
 
B.   Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: Fidelity National Financial, Inc., 601 Riverside Ave., Jacksonville, FL 32204
REQUIRED INFORMATION
     Item 4. Plan Financial Statements and Schedules Prepared in Accordance with the Financial Reporting Requirements of ERISA
 
 

 


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FIDELITY NATIONAL FINANCIAL GROUP
401(k) PROFIT SHARING PLAN
Financial Statements and Schedules
December 31, 2007 and 2006
(With Report of Independent Registered Public Accounting Firm)

 


 

FIDELITY NATIONAL FINANCIAL GROUP
401(k) PROFIT SHARING PLAN
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All other schedules are omitted because they are not applicable or not required based on disclosure requirements of the Employee Retirement Income Security Act of 1974 and regulations issued by the Department of Labor.
 
       
 EXHIBIT 23

 


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Report of Independent Registered Public Accounting Firm
The Advisory Committee
Fidelity National Financial Group 401(k) Profit Sharing Plan:
We have audited the accompanying statements of net assets available for benefits of the Fidelity National Financial Group 401(k) Profit Sharing Plan (the “Plan”) as of December 31, 2007 and 2006, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2007 and 2006, and the changes in net assets available for benefits for the years then ended in conformity with U.S. generally accepted accounting principles.
Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental Schedule H, Line 4i — Schedule of Assets (Held at End of Year) as of December 31, 2007 and Schedule H, Line 4a — Schedule of Delinquent Participant Contributions for the year ended December 31, 2007 are presented for the purpose of additional analysis and are not a required part of the basic financial statements but are supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. These supplemental schedules are the responsibility of the Plan’s management. The supplemental schedules have been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole.
/s/ KPMG LLP
June 27, 2008
Jacksonville, Florida
Certified Public Accountants

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401(k) PROFIT SHARING PLAN
Statements of Net Assets Available for Benefits
December 31, 2007 and 2006
                 
    2007     2006  
Assets:
               
Investments, at fair value:
               
Cash and cash equivalents
  $ 2,872,823     $ 5,681,515  
Common/collective trust funds
    294,096,987       259,105,071  
Corporate bond fund
    9,718,069       3,804,732  
Mutual funds
    423,524,766       375,942,867  
Common stock
    83,873,608       112,563,848  
Employer common stock
    105,294,775       179,512,169  
Participant loans
    27,982,114       24,369,321  
 
           
Total investments
    947,363,142       960,979,523  
 
           
 
               
Receivables:
               
Participant contributions
    2,029,556       51,195  
Employer contributions
    764,009        
Due from broker for securities sold
    9,934,781       5,486,802  
Accrued dividends
    1,429,908       587,991  
Accrued interest
    37,795       16,309  
 
           
Total receivables
    14,196,049       6,142,297  
 
           
Total assets
    961,559,191       967,121,820  
 
           
 
               
Liabilities:
               
Refund of excess contributions
    7,291       140  
Due to broker for securities purchased
    4,632,040       3,055,242  
 
           
Total liabilities
    4,639,331       3,055,382  
 
           
Net assets available for benefits at fair value
    956,919,860       964,066,438  
 
               
Adjustment from fair value to contract value for interest in collective trust funds relating to fully benefit-responsive investment contracts
    679,578       2,415,774  
 
           
Net assets available for benefits
  $ 957,599,438       966,482,212  
 
           
See accompanying notes to financial statements.

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FIDELITY NATIONAL FINANCIAL GROUP
401(k) PROFIT SHARING PLAN
Statements of Changes in Net Assets Available for Benefits
Years ended December 31, 2007 and 2006
                 
    2007     2006  
Additions:
               
Additions to net assets attributed to:
               
Investment income:
               
Net (depreciation) appreciation in investments
  $ (16,257,989 )     107,156,865  
Interest
    3,898,184       3,765,555  
Dividends
    15,401,491       12,555,047  
 
           
Investment income, net
    3,041,686       123,477,467  
 
           
 
               
Contributions:
               
Participant
    85,643,184       84,667,446  
Employer — cash contributions
    23,021,792       29,914,309  
 
           
Total contributions
    108,664,976       114,581,755  
 
               
Transfer in of net assets from merged plans
    148,045       3,067,910  
 
           
Total additions
    111,854,707       241,127,132  
 
           
 
               
Deductions:
               
Deductions from net assets attributed to:
               
Benefits paid to participants
    120,267,374       80,479,780  
Transfer out of net assets to FIS 401(k)
          366,543,657  
Administrative expenses
    470,107       210,465  
 
           
Total deductions
    120,737,481       447,233,902  
 
           
Net decrease
    (8,882,774 )     (206,106,770 )
 
               
Net assets available for benefits:
               
Beginning of year
    966,482,212       1,172,588,982  
 
           
End of year
  $ 957,599,438       966,482,212  
 
           
See accompanying notes to financial statements.

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FIDELITY NATIONAL FINANCIAL GROUP
401(k) PROFIT SHARING PLAN
Notes to Financial Statements
December 31, 2007 and 2006
(1)   Description of Plan
 
    The following description of Fidelity National Financial Group 401(k) Profit Sharing Plan (the Plan) provides only general information. Participants should refer to the Plan document for a more complete description of the Plan’s provisions.
  (a)   General
The Plan is a defined contribution plan covering all employees of Fidelity National Financial, Inc. (FNF or the Company) and its Affiliated and Related Companies, who have attained age 18 and have completed 90 days of service, and elect to participate in the Plan. Affiliated Companies are defined as members of a controlled group of corporations or other entities that are under common control. Related Companies, while related, are not considered members of a controlled group of corporations or other entities that are under common control. Temporary employees who have not completed at least 1,000 hours of service are not eligible to participate in the Plan. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA).
Prior to October 24, 2006, the Plan was sponsored by another company, also called Fidelity National Financial, Inc. (Old FNF). On October 24, 2006, Old FNF distributed to its shareholders all of its shares of the common stock of Fidelity National Title Group, Inc. (FNT), making FNT a stand alone publicly traded company. This resulted in a distribution of FNT common stock to Plan participants who held shares of Old FNF and a reduction in the value of Old FNF shares equal to the value of the distribution of FNT common stock. On November 9, 2006, Old FNF was merged with an into Fidelity National Information Services, Inc. (FIS), which was then a majority owned subsidiary of Old FNF, after which FNT’s name was changed to Fidelity National Financial, Inc. This resulted in a distribution of FIS common stock to Plan participants who held shares of Old FNF, the elimination of shares of Old FNF common stock held by Plan participants, and the renaming of investments in FNT common stock held by Plan participants. The Plan is now sponsored by the Company for the benefit of its employees as noted above.
The Plan and its related trust are intended to qualify as a profit-sharing plan and trust under section 401(a) and 501(a) of the Internal Revenue Code (IRC), with a cash or deferred arrangement within the meaning of section 401(k) of the IRC. In addition, the Plan is intended to qualify as a stock bonus plan that satisfies the requirements of an employee stock ownership plan within the meaning of section 4975(e)(7) of the IRC. That portion of the Plan is designed to invest primarily in shares of FNF common stock.
  (b)   Administration
During 2007 and 2006, the trustee of the Plan was Wells Fargo Bank, NA (Wells Fargo). Wells Fargo also performs participant recordkeeping and other administrative duties for the Plan. The Administrative Committee of the FNF Board of Directors oversees the Plan’s operations.

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FIDELITY NATIONAL FINANCIAL GROUP
401(k) PROFIT SHARING PLAN
Notes to Financial Statements
December 31, 2007 and 2006
  (c)   Plan Amendments
Effective January 1, 2008, the Plan Committee amended the Plan document to require each eligible employee of the Company to contribute a minimum of 3% of pre-tax compensation to the Plan unless an affirmative contrary election is made by the employee.
Effective January 1, 2008, the Plan Committee elected to amend the section of the Plan document governing matching contributions to allow matching contributions solely at the discretion of the Company, provided that any discretionary matching contribution is applied as a uniform percentage. Prior to January 1, 2008, the Company made matching contributions equal to 50% of a participant’s deferral up to 6% of eligible compensation.
Effective January 1, 2007, the entire Plan document was amended and restated to comply with changes in the IRC and the Employee Retirement Income Security Act of 1974 (ERISA), as enacted in recent federal statutes and to incorporate previously adopted Plan amendments.
Effective January 1, 2006, the Plan Committee elected to include a Roth 401(k) investment option in the Plan.
Effective January 1, 2006, the Plan Committee increased the automatic enrollment percentage for new hires from 2% to 3% for eligible employees hired on or after January 1, 2006.
  (d)   Plan Mergers
Following approval by the board of directors of the Company, Go Apply 401(k) and Service Link 401(k), defined contribution employee benefit plans, were merged into the Plan effective October 1, 2007 and April 10, 2006, respectively. The accompanying statements of changes in net assets available for benefits reflect the transfer in of net assets of the Go Apply 401(k) plan in the amount of $148,045 in 2007 and the Service Link 401(k) plan in the amount of $3,067,910 in 2006.
  (e)   Transfer of net assets to Fidelity National Information Services 401(k) Profit Sharing Plan
Effective, January 1, 2006, Fidelity National Information Services, Inc. (FIS), which was then a majority owned subsidiary of Old FNF, formed a 401(k) plan and, on March 24, 2006, the account balances relating to employees of FIS, amounting to approximately $367 million, were transferred out of the Plan to the new Fidelity National Information Services 401(k) Profit Sharing Plan.

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FIDELITY NATIONAL FINANCIAL GROUP
401(k) PROFIT SHARING PLAN
Notes to Financial Statements
December 31, 2007 and 2006
  (f)   Contributions
During 2007 and 2006, participants could generally contribute up to 40% of their pretax annual compensation, as defined in the Plan. The contributions of highly compensated employees, as defined by applicable provisions of the IRC, were limited to 7% of pretax annual compensation. Participants may also contribute amounts representing distributions from other qualified defined benefit or defined contribution plans, as well as direct rollovers from individual retirement accounts or annuities. Participants direct the investment of their contributions into various investment options offered by the Plan. At December 31, 2007 and 2006, the Plan offered four common/ collective trust funds, one corporate bond fund, and eight mutual funds, and one common stock fund which invests solely in Company stock as investment options for participants. During Plan years 2007 and 2006, the Company made matching contributions equal to 50% of participant deferrals up to 6% of eligible compensation for all Company employees. As of January 1, 2008, matching contributions by the Company have been discontinued. At the option of the Company’s board of directors, matching contributions may be resumed in the future and discretionary contributions may also be made by the Company. No discretionary contributions were made by the Company during the Plan years ended December 31, 2007 and 2006. All Company contributions are participant directed. Contributions are subject to certain limitations established by the Internal Revenue Service.
  (g)   Participant Accounts
Each participant’s account is credited with the participant’s contribution, the Company’s contribution as applicable, and an allocation of Plan earnings and charged with an allocation of Plan losses, if any.
Allocations are based on participant earnings or account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account.
  (h)   Vesting
Participants are immediately vested in their contributions plus actual earnings thereon. Vesting in the Company’s matching and discretionary contribution portion of their accounts plus actual earnings thereon, is based on years of service as follows:
         
    Vested
Number of years of service   percentage
Less than 1 year
    %
1 year
    34  
2 years
    67  
3 years or more
    100  
  (i)   Participant Loans
Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 reduced by the highest outstanding loan balance during the preceding 12 months, or 50% of their vested account balance. Loan terms range from one to five years or up to

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FIDELITY NATIONAL FINANCIAL GROUP
401(k) PROFIT SHARING PLAN
Notes to Financial Statements
December 31, 2007 and 2006
ten years for the purchase of a primary residence. The loans are secured by the balance in the participant’s account. Interest rates range from 5.0% to 10.5% on loans outstanding as of December 31, 2007 and from 5.0% to 11.0% on loans outstanding as of December 31, 2006. Principal and interest is paid ratably through payroll deductions.
  (j)   Payment of Benefits
On termination of service, a participant may receive the value of the participant’s vested interest in his or her account as a lump-sum distribution.
  (k)   Forfeited Accounts
At December 31, 2007 and 2006, forfeited nonvested accounts totaled $328,510 and $770,662, respectively. Forfeitures may be used to restore the accounts of former participants, pay administrative expenses of the Plan if not paid by the Plan sponsor, or reduce future Company contributions. During Plan years 2007 and 2006, forfeitures of nonvested accounts of $1,224,325 and $929,118, respectively, were used to reduce Company contributions.
  (l)   Administrative Expenses
Administrative expenses of the Plan that are not paid by the Plan Sponsor are paid by the Plan.
(2)   Summary of Significant Accounting Policies
  (a)   Basis of Presentation
The financial statements of the Plan are prepared under the accrual method of accounting.
  (b)   Use of Estimates
The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make certain estimates and assumptions that affect the reported amounts of assets, liabilities, and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.
  (c)   Certain Reclassifications
Certain reclassifications have been made in the 2006 Statement of Net Assets Available for Benefits to conform to the classifications used in 2007.
  (d)   Risk and Uncertainties
The Plan provides for various investment options in common/collective trust funds, corporate bond funds, mutual funds, and common stock. Investment securities are exposed to various risks such as interest rate, market, and credit. Due to the level of uncertainty related to changes in the value of investment securities, it is at least reasonably possible that changes in the various risk factors, in the near term, could materially affect the participants’ account balances and the amounts reported in the financial statements.

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FIDELITY NATIONAL FINANCIAL GROUP
401(k) PROFIT SHARING PLAN
Notes to Financial Statements
December 31, 2007 and 2006
  (e)   Concentration of Investments
Included in the Plan’s net assets available for benefits at December 31, 2007 are investments in the Company’s common stock (7,207,062 shares) amounting to $105,294,775, or approximately 11% of net assets, and in FIS common stock (2,016,677 shares) amounting to $83,873,608, or approximately 9% of net assets.
Included in the Plan’s net assets available for benefits at December 31, 2006 are investments in the Company’s common stock (7,517,307 shares) amounting to $179,512,169, or approximately 19% of net assets, and in FIS common stock (2,807,778 shares) amounting to $112,563,848, or approximately 12% of net assets.
  (f)   Investment Valuation and Income Recognition
In December 2005, the Financial Accounting Standards Board (FASB) issued FASB Staff Position AAG INV-1 and Statement of Position 94-4-1, Reporting of Fully Benefit-Responsive Investment Contracts Held by Certain Investment Companies Subject to the AICPA Investment Company Guide and Defined-Contribution Health and Welfare and Pension Plans (the FSP). The FSP provides a definition of fully benefit-responsive investment contracts and guidance on financial statement presentation and disclosure of fully benefit-responsive investment contracts. The Plan has adopted the FSP.
One of the investment options offered by the Plan, the Wells Fargo Stable Return Fund N (the Stable Return Fund), is a common collective trust that is fully invested in Wells Fargo Stable Return Fund G, which is fully invested in contracts deemed to be fully benefit-responsive within the meaning of the FSP. The FSP requires that the Plan report its investment in the Stable Return Fund at fair value. However, contract value is the relevant measure to the Plan because it is the amount that is available for Plan benefits. Accordingly, in the Statements of Net Assets Available for Benefits, the Stable Return Fund, along with the Plan’s other investments, is stated at fair value with a corresponding adjustment to reflect the investment in the Stable Return Fund at contract value. The Statements of Changes in Net Assets Available for Benefits are prepared on a contract value basis.
The Plan’s investments are stated at fair value. Shares of mutual funds are valued at the net asset value of shares held by the Plan at year-end. The common/collective trust fund investments and the corporate bond fund are valued based on the underlying unit values reported by the respective fund’s audited financial statements as of the Plan’s year end. The common stock of FNF and FIS are valued at quoted market prices. Participant loans are valued at cost, which approximates fair value as of the Plan’s year end. Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on an accrual basis. Dividends are recorded on the ex-dividend date.
  (g)   Payment of Benefits
Benefits are recorded when paid.
  (h)   Recent Account Pronouncements
In September 2006, the FASB issued Statement of Financial Accounting Standards (SFAS) No. 157, Fair Value Measurements (SFAS 157). SFAS 157 defines fair value, establishes a framework for

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FIDELITY NATIONAL FINANCIAL GROUP
401(k) PROFIT SHARING PLAN
Notes to Financial Statements
December 31, 2007 and 2006
measuring fair value, and expands disclosures about fair value measurements. SFAS 157 does not require any new fair value measurements, but applies under other accounting pronouncements that require or permit fair value measurements. SFAS 157 is effective for financial statements for fiscal years beginning after November 15, 2007. Management expects no material impact on the Plan’s net assets available for benefits and changes in net assets available for benefits as a result of implementing SFAS 157.
(3)   Investments
 
    The following presents the Plan’s investments, at fair value, as of December 31, 2007 and 2006 with individual investments that represent 5% or more of the Plan’s net assets separately identified:
                 
    2007     2006  
Wells Fargo S&P 500 Index Fund
  $ 62,474,488       62,297,774  
Wells Fargo Stable Return Fund
    195,164,227       170,139,499  
ABN Amro Growth Fund
    120,339,280       107,921,929  
Julius Baer International Equity Fund Institutional Shares #1523
    66,081,030       50,352,253  
Oakmark Equity and Income Fund
    118,033,195       105,771,107  
Fidelity National Financial, Inc. Common Stock
    105,294,775       179,512,169  
Fidelity National Information Services, Inc. Common Stock
    83,873,608       112,563,848  
All other investments less than 5%
    196,102,539       172,420,944  
 
           
Total
  $ 947,363,142       960,979,523  
 
           
As stated in note 2(f) above, the Stable Return Fund, which is deemed to be fully benefit-responsive, is stated at fair value on the Statement of Net Assets Available for Benefits, with a corresponding adjustment to reflect contract value. The fair value of this fund as of December 31, 2007 and 2006 was $195,164,227 and $170,139,499, respectively. The contract value of the fund as of December 31, 2007 and 2006, which is a component of net assets available for benefits, totaled $195,843,805 and $172,555,273, respectively. During 2007 and 2006, this fund yielded approximately 4.57% and 4.37%, respectively.

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FIDELITY NATIONAL FINANCIAL GROUP
401(k) PROFIT SHARING PLAN
Notes to Financial Statements
December 31, 2007 and 2006
During 2007, the Plan’s investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated (depreciated) in value, by investment type, as follows:
         
Net appreciation (depreciation) in fair value of investments:
       
Common/collective trust funds
  $ 15,751,262  
Corporate bond fund
    185,764  
Mutual funds
    31,371,690  
Common stock
    8,203,714  
Employer common stock
    (70,034,223 )
 
     
Net depreciation in fair value of investments
    (14,521,793 )
 
       
Adjustment from fair value to contract value for interest in collective trust funds relating to fully benefit-responsive investment contracts
    (1,736,196 )
 
     
Net depreciation in investments
  $ (16,257,989 )
 
     
During 2006, the Plan’s investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated (depreciated) in value, by investment type, as follows:
         
Net appreciation (depreciation) in fair value of investments:
       
Common/collective trust funds
  $ 21,943,185  
Corporate bond fund
    (16,890 )
Mutual funds
    34,625,721  
Common stock
    36,795,752  
Employer common stock
    14,409,500  
 
     
Net appreciation in fair value of investments
    107,757,268  
 
       
Adjustment from fair value to contract value for interest in collective trust funds relating to fully benefit-responsive investment contracts
    (600,403 )
 
     
Net appreciation in investments
  $ 107,156,865  
 
     
    Dividends on Fidelity National Financial, Inc. (FNF) common stock totaled $8,581,247 and $3,689,596 in 2007 and 2006, respectively.
 
    Dividends on Fidelity National Information Services, Inc. (FIS) common stock totaled $469,171 and $140,581 in 2007 and 2006, respectively.
 
    Dividends on Old Fidelity National Financial, Inc. (Old FNF) common stock totaled $4,620,986 in 2006.
 
(4)   Related Party Transactions
 
    Certain Plan investments are shares of common collective trust funds managed by Wells Fargo Trust Operations (Wells Fargo). Wells Fargo is the trustee as defined by the Plan, and therefore, these transactions qualify as party-in-interest transactions. As described in notes 2(e) and 3, Plan investments also include shares of the common stock of the Company and of FIS, also a party-in-interest.

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FIDELITY NATIONAL FINANCIAL GROUP
401(k) PROFIT SHARING PLAN
Notes to Financial Statements
December 31, 2007 and 2006
(5)   Plan Termination
 
    Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants will become 100% vested in the Company’s contributions.
 
(6)   Tax Status
 
    The Internal Revenue Service has determined and informed the Company by a letter dated October 14, 2005 that the Plan and related trust are designed in accordance with applicable sections of the IRC. The plan has been amended since receiving the determination letter. However, the plan administrator and the plan’s tax counsel believe that the plan is designed and is currently being operated in compliance with the applicable provisions of the IRC.
 
    In June 2006, the FASB issued Interpretation No. 48, Accounting for Uncertainty in Income Taxes — an interpretation of FASB Statement No. 109 (FIN 48). FIN 48 clarifies the accounting for uncertain tax positions by prescribing a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. FIN 48 was effective for fiscal years beginning after December 15, 2006. The Company adopted FIN 48 effective January 1, 2007 with no material impact to the statement of net assets available for benefits or the statement of changes in net assets available for benefits.
 
(7)   Reconciliation of Financial Statements to Form 5500
 
    The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500 expected to be filed for December 31, 2007 and the Form 5500 for December 31, 2006:
                 
    2007     2006  
Net assets available for benefits per the financial statements
  $ 957,599,438     $ 966,482,212  
Less adjustment from fair value to contract value for fully benefit- responsive investment contracts
    (679,578 )     (2,415,774 )
Less benefits payable to partipants who have withdrawn from the Plan
    (415,381 )      
 
           
Net assets available for benefits per the expected Form 5500
  $ 956,504,479     $ 964,066,438  
 
           
    The following is a reconciliation of investment income per the financial statements to the Form 5500 expected to be filed for the year ended December 31, 2007 and the Form 5500 for the year ended December 31, 2006:
                 
    2007     2006  
Total investment income per the financial statements
  $ 3,041,686     $ 123,477,467  
Plus: Prior year adjustment from fair value to contract value for fully benefit-responsive investment contracts
    2,415,774        
Less: Current year adjustment from fair value to contract value for fully benefit-responsive investment contracts
    (679,578 )     (2,415,774 )
 
           
Total investment income per the expected Form 5500
  $ 4,777,882     $ 121,061,693  
 
           

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FIDELITY NATIONAL FINANCIAL GROUP
401(k) PROFIT SHARING PLAN
Schedule H, Line 4i — Schedule of Assets (Held at End of Year)
December 31, 2007
                                 
Identity of issuer, borrower,                        
lessor, or similar party     Description of investment   Shares/units     Cost     Current value  
       
Cash and cash equivalents
                       
* Wells Fargo Trust Operations  
Wells Fargo Short-term Investment Fund
    2,584,469     (1   $ 2,584,469  
* Wells Fargo Trust Operations  
Wells Fargo Advantage Cash Investment Money Market
    288,354       (1     288,354  
       
 
                       
       
Common/collective trust funds:
                       
* Wells Fargo Trust Operations  
Wells Fargo S&P 500 Index Fund
    965,453       (1 )     62,474,488  
* Wells Fargo Trust Operations  
Wells Fargo Stable Return Fund
    4,721,803       (1 )     195,164,227  
* Wells Fargo Trust Operations  
Wells Fargo S&P Midcap Fund
    1,222,669       (1 )     21,775,729  
* Wells Fargo Trust Operations  
Well Fargo International Equity Fund
    883,958       (1 )     14,682,543  
       
 
                       
       
Corporate bond fund:
                       
Vanguard  
Vanguard Intermediate Term Bond Fund
    925,530       (1 )     9,718,069  
       
 
                       
       
Mutual funds:
                       
ABN Amro Asset Management, Inc.  
ABN Amro Growth Fund
    3,564,552       (1 )     120,339,280  
Baron  
Baron Small Cap Fund
    1,403,814       (1 )     33,452,885  
Julius Baer  
Julius Baer International Equity Fund Institutional Shares #1523
    1,477,898       (1 )     66,081,030  
Oakmark Equity and Income  
Oakmark Equity and Income Fund
    4,391,116       (1 )     118,033,195  
Robertson Stephens  
Robertson Stephens Value Fund Class A
    434,930       (1 )     11,425,605  
The Dreyfus Corporation  
Dreyfus Small Cap IndexFund
    368,674       (1 )     7,846,639  
The Dreyfus Corporation  
Dreyfus Intermediate Term Income Fund
    2,621,632       (1 )     32,639,233  
Van Kampen Investments  
Van Kampen Comstock Fund
    1,928,313       (1 )     33,706,899  
       
 
                       
       
Common stocks:
                       
* Fidelity National Financial, Inc.  
Fidelity National Financial, Inc.
    7,207,062       (1 )     105,294,775  
* Fidelity National Information Services, Inc.  
Fidelity National Information Services, Inc.
    2,016,677       (1 )     83,873,608  
       
 
                       
* Participant loans  
Participant loans, various maturities, interest rates 5.0% — 10.5%, balances collateralized by participant account, a total of 4,018 loans are outstanding
                    27,982,114  
       
 
                     
       
 
                  $ 947,363,142  
       
 
                     
 
*   Party in interest.
 
(1)   Cost information has not been included because investments are participant directed.
     See accompanying report of independent registered public accounting firm.

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FIDELITY NATIONAL FINANCIAL GROUP
401(k) PROFIT SHARING PLAN
Schedule H, Line 4a — Schedule of Delinquent Participant Contributions
Year Ended December 31, 2007
                         
    Relationship       Amount on   Lost
Identity of Party Involved   to Plan   Description of transaction   Line 4(a)   Interest
Fidelity National Financial, Inc.   Plan sponsor  
2007 employee deferrals and loan repayments not deposited to the Plan in a timely manner
  $ 65,396     $ 2,691  
Fidelity National Financial, Inc.   Plan sponsor  
Earnings on 2005 delinquent deferrals not deposited to the Plan in a timely manner
    65       9  
It was noted that there were unintentional delays by the Company in submitting certain 2007 participant contributions and loan repayments to the trustee. These amounts were remitted to the trustee in 2007, along with lost interest in the amount noted above. It was also noted that, in 2005, a deposit to the Plan of a delinquent contribution unintentionally excluded the lost interest on that contribution. This amount has been remitted to the trustee in 2008, along with the lost interest amount noted above.
See accompanying report of independent registered public accounting firm.

13


Table of Contents

PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934, THE TRUSTEES (OR OTHER PERSONS WHO ADMINISTER THE EMPLOYEE BENEFIT PLAN) HAVE DULY CAUSED THIS ANNUAL REPORT TO BE SIGNED ON ITS BEHALF BY THE UNDERSIGNED HEREUNTO DULY AUTHORIZED.
         
  The Fidelity National Financial Group
401(k) Profit Sharing Plan
 
 
Date: June 27, 2008  /s/ KAREN HARPER    
  KAREN HARPER   
  TRUSTEE   

 


Table of Contents

         
EXHIBIT INDEX
     
Exhibit No.    
23
  Consent of KPMG, LLP

 

exv23
Exhibit 23
Consent of Independent Registered Public Accounting Firm
The Advisory Committee
Fidelity National Financial Group 401(k) Profit Sharing Plan:
We consent to the incorporation by reference in the registration statement (no. 333-132843) of Fidelity National Financial, Inc. of our report dated June 27, 2008 with respect to the statements of net assets available for benefits of the Fidelity National Financial Group 401(k) Profit Sharing Plan as of December 31, 2007 and 2006, the related statements of changes in net assets available for benefits for the years then ended, and the supplemental Schedule H, line 4i — schedule of assets (held at end of year) as of December 31, 2007 and Schedule H, Line 4a — Schedule of Delinquent Participant Contributions for the year ended December 31, 2007 which report appears in the December 31, 2007 annual report on Form 11-K of the Fidelity National Financial Group 401(k) Profit Sharing Plan.
/s/ KPMG LLP
June 27, 2008
Jacksonville, Florida
Certified Public Accountants