SEC Filing - Fidelity National Financial

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UNITED STATES 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

For the fiscal year ended December 31, 2016



o		TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

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:

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

FIDELITY NATIONAL FINANCIAL GROUP

401(k) PROFIT SHARING PLAN

Table of Contents



	Page
Report of Independent Registered Public Accounting Firm	ii
Statements of Net Assets Available for Benefits as of December 31, 2016 and 2015	1
Statements of Changes in Net Assets Available for Benefits for the years ended December 31, 2016 and 2015	2
Notes to Financial Statements	3
Supplemental Schedule H, Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2016	8

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, Consent of Independent Registered Public Accounting Firm

Report of Independent Registered Public Accounting Firm

The Participants and the Administrative Committee of

Fidelity National Financial Group 401(k) Profit Sharing Plan

Jacksonville, Florida

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, 2016 and 2015, 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 audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s control over financial reporting. Accordingly we express no such opinion. An audit also 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, 2016 and 2015, and the changes in net assets available for benefits for the years then ended, in conformity with accounting principles generally accepted in the United States of America.

The supplemental information in the accompanying schedule of assets (held at end of year) as of December 31, 2016, has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental information is presented for the purpose of additional analysis and is not a required part of the basic financial statements but includes supplemental information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental information is the responsibility of the Plan's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information in the accompanying schedule, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information in the accompanying schedule is fairly stated in all material respects in relation to the financial statements as a whole.

/s/ Dixon Hughes Goodman LLP

Atlanta, Georgia

June 27, 2017

FIDELITY NATIONAL FINANCIAL GROUP

401(k) PROFIT SHARING PLAN

Statements of Net Assets Available for Benefits



	December 31,
	2016		2015
Assets:
Investments:
Cash and cash equivalents	$	174,758	$	541,147
Common/collective trust funds, at fair value	511,537,657		464,940,606
Corporate bond funds, at fair value	139,347,532		120,650,478
Mutual funds, at fair value	944,260,017		838,230,321
Common stock, at fair value	2,578,918		3,040,514
Employer common stock, at fair value	182,359,873		195,698,515
Total investments	1,780,258,755		1,623,101,581
Receivables:
Notes receivable from participants	44,923,707		44,074,129
Due from broker for securities sold	1,662,309		1,319,607
Total receivables	46,586,016		45,393,736
Total assets	1,826,844,771		1,668,495,317
Liabilities:
Due to broker for securities purchased	2,751,350		2,425,011
Total liabilities	2,751,350		2,425,011
Net assets available for benefits	$	1,824,093,421	$	1,666,070,306

See accompanying notes to financial statements.

FIDELITY NATIONAL FINANCIAL GROUP

401(k) PROFIT SHARING PLAN

Statements of Changes in Net Assets Available for Benefits



	Year Ended December 31,
	2016		2015
Additions to net assets attributed to:
Investment income:
Net appreciation (depreciation) in investments	$	97,274,477	$	(5,433,879	)
Interest	167,921		243,496
Dividends	25,618,340		25,684,755
Investment income, net	123,060,738		20,494,372
Interest income on notes receivable from participants	1,858,226		1,804,411
Contributions, including rollover contributions:
Participant	134,293,656		114,469,165
Employer	30,376,613		27,763,509
Total contributions	164,670,269		142,232,674
	289,589,233		164,531,457
Deductions from net assets attributed to:
Benefits paid to participants	129,897,050		135,126,833
Administrative expenses	1,669,068		1,894,112
Total deductions	131,566,118		137,020,945
Net increase before transfers in of net assets from merged plans	158,023,115		27,510,512
Transfers in of net assets from merged plans	—		3,794,031
Net increase	158,023,115		31,304,543
Net assets available for benefits:
Beginning of year	1,666,070,306		1,634,765,763
End of year	$	1,824,093,421	$	1,666,070,306

See accompanying notes to financial statements.

Table of Contents

FIDELITY NATIONAL FINANCIAL GROUP

401(k) PROFIT SHARING PLAN

Notes to Financial Statements

December 31, 2016 and 2015

(1) Description of the Plan

The following description of the 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, the Company or we) and its Affiliated and Related Companies, who have attained age 18, have completed 90 days of service, and have elected 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, seasonal and part-time 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).

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.

(b) Administration

During 2016 and 2015, 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.

Participant loans totaling $144,680 were transferred into the Plan in 2015. There were transfers of net assets, excluding participant loans, of $3,649,351 into the Plan during 2015. No participant loans or net assets, excluding participant loans, were transferred into the Plan in 2016.

(d) Contributions

During 2016 and 2015, participants could generally contribute up to 40% of their pretax annual compensation, as defined in the Plan. Participants may also contribute amounts representing distributions from other qualified defined benefit or defined contribution retirement 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, 2016, the Plan offered nineteen common /collective trust funds, six corporate bond funds, fourteen mutual funds, three common stock funds which invest solely in Company stock, one common stock fund which invests in an outside company and nineteen funds that are part of the Target My Retirement® investment program (see Note 2d for further discussion on the Target My Retirement® investment program) as investment options for participants. The Plan has an employer match on the 401(k) plan whereby the Company will match $0.375 on each $1.00 contributed up to the first 6% of eligible earnings contributed to the Plan. The employer match for the years ending December 31, 2016 and 2015 was $30,376,613 and $27,763,509, respectively. The employer match is allocated to participants based on their chosen asset allocation. At the option of the Company's board of directors discretionary contributions may also be made by the Company. No discretionary contributions were made by the Company during the Plan years ended December 31, 2016 and 2015. All Company contributions are participant directed. Contributions are subject to certain limitations established by the Internal Revenue Service.

(e) 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.

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FIDELITY NATIONAL FINANCIAL GROUP

401(k) PROFIT SHARING PLAN

Notes to Financial Statements

December 31, 2016 and 2015

(f) 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:



Number of years of service	Vested Percentage
Less than 1 year	—	%
1 year	34	%
2 years	67	%
3 years or more	100	%

(g) Notes Receivable from Participants

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 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 3.25% to 10.25% on loans outstanding as of December 31, 2016 and 2015. Principal and interest is paid ratably through payroll deductions.

(h) Payment of Benefits

Upon retirement, termination of service, disability, or the attainment of age 59 1/2, a participant may receive all or part of the value of the participant's vested interest in his or her account as a lump-sum distribution. Upon death of a participant, the balance of the participant's vested interest in his or her account will be distributed in a lump sum to the participant's beneficiary. Certain other withdrawals are allowed by the Plan under very limited circumstances as described in the plan document.

(i) Forfeited Accounts

At December 31, 2016 and 2015, forfeited nonvested accounts totaled $702,291 and $775,582, respectively. Forfeitures may be allocated to current participants' accounts, or 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 the years ended December 31, 2016 and 2015, $700,176 and $785,757, respectively, of forfeitures were used by the Plan to reduce Company contributions.

(j) 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. 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.

(b) 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.

Included in the Plan's net assets available for benefits at December 31, 2016 and 2015 are investments in the Company's common stock (14,173,652 shares) amounting to $182,359,873, or approximately 10% of net assets, and (15,248,274 shares) amounting

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FIDELITY NATIONAL FINANCIAL GROUP

401(k) PROFIT SHARING PLAN

Notes to Financial Statements

December 31, 2016 and 2015

to $195,698,515, or approximately 11.7% of net assets, respectively. As of December 31, 2016, this investment includes common stock funds in Fidelity National Financial, Inc. (NYSE: FNF and NYSE: FNFV) as well as a common stock fund in our subsidiary Black Knight Financial Services, Inc. (NYSE: BKFS).

(d) Investment Valuation and Income Recognition

Except for the common collective trust described below, the Plan's investments are stated at fair value. Shares of common/collective trust fund investments in index funds, mutual funds and corporate bond funds are valued at the net asset value of shares held by the Plan at year-end. Common stock is valued at quoted market prices. 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.

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. The Plan reports its investment in the Stable Return Fund N at fair value using the net asset value of the units held by the fund at year-end as a practical expedient. This practical expedient would not be used if it is determined to be probable that the fund will sell the investment for an amount different from the reported net asset value. The Stable Return Fund does not invest directly in fully benefit-responsive contracts, and therefore the Plan is not required to include in the financial statements the disclosure requirements for investments in fully benefit-responsive contracts or stable value funds. Redemptions from the Stable Return Fund are permitted at current net asset value following a 12-month notice period.

There were no changes in the valuation methodologies used at December 31, 2016 and 2015 compared to prior year.

Participants also have the option to invest in the Target My Retirement® investment program. This investment plan is managed by Wells Fargo, using a broad range of common collective trust funds, three mutual funds and two corporate bond funds. As of December 31, 2016 and 2015, the Plan had $22,418,066 and $17,346,432, respectively, invested in this investment program.

See Note 3 for further discussion of the fair value of the Plan's investments.

(e) Notes Receivable from Participants

Notes receivable from participants are recorded at amortized cost.

(f) Payment of Benefits

Benefits are recorded when paid.

(3) Fair Value Measurements

The fair value hierarchy established by the standard on fair value measurements includes three levels which are based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. In accordance with the standard on fair value, the Plan's financial assets and liabilities that are recorded on the Statements of Net Assets Available for Benefits are categorized based on the inputs to the valuation techniques as follows:

Level 1. Financial assets and liabilities whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market that we have the ability to access.

Level 2. Financial assets and liabilities whose values are based on quoted prices in markets that are not active or model inputs that are observable either directly or indirectly for substantially the full term of the asset or liability.

Level 3. Financial assets and liabilities whose values are based on model inputs that are unobservable.

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FIDELITY NATIONAL FINANCIAL GROUP

401(k) PROFIT SHARING PLAN

Notes to Financial Statements

December 31, 2016 and 2015

The following table presents our fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2016 and 2015, respectively:



	December 31, 2016
	Level 1
Cash and cash equivalents	$	174,758
Corporate bond funds	139,347,532
Mutual funds	944,260,017
Common stock	2,578,918
Employer common stock	182,359,873
Total investments, at fair value	$	1,268,721,098
Common/collective trust funds measured at net asset value	511,537,657
Total investments	$	1,780,258,755



	December 31, 2015
	Level 1
Cash and cash equivalents	$	541,147
Corporate bond funds	120,650,478
Mutual funds	838,230,321
Common stock	3,040,514
Employer common stock	195,698,515
Total investments, at fair value	$	1,158,160,975
Common/collective trust funds measured at net asset value	464,940,606
Total investments	$	1,623,101,581

The Plan's level 1 fair value measures are provided by a third-party pricing service, which management believes to be reasonable. This pricing service is a leading global provider of financial market data, analytics and related services to financial institutions. See Note 2(d) for a description of the fair value measures used for each type of investment.

The Plan has no assets or liabilities measured at fair value which are categorized as level 2 or level 3.

The Common/collective trust funds shown above are at fair value and are valued using the net asset value at year-end. The use of net asset value as fair value is deemed appropriate as the Common/collective trust funds do not have finite lives, unfunded commitments relating to these type of investments, or significant restrictions on redemptions. Net asset value of the funds are calculated daily.

(4) Investments

As stated in Note 2(d), the Plan is invested in common collective trust funds all of which are managed by Wells Fargo Bank, N.A. The Stable Return Fund is a common collective trust with a primary investment strategy to preserve the principal and maintain adequate liquidity. The S&P 500 Index Fund is an index fund with a primary investment strategy of approximating as closely as practicable the total return of the Standard and Poor's 500 Index. The S&P MidCap Fund is a collective investment fund with a primary investment strategy to approximate as closely as practicable the total return of the S&P 400 MidCap Index. The International Equity Fund is a collective investment fund with a primary investment strategy of long-term capital appreciation by investing principally in equity securities of companies based primarily in developed foreign countries and also in emerging markets. In addition to these common collective trust funds, the Plan participants may also choose to invest in the Target My Retirement® investment program, see Note 2(d) for further discussion about Target My Retirement®.

Dividends on FNF common stock totaled $4,180,647 and $4,095,674 in 2016 and 2015, respectively.

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FIDELITY NATIONAL FINANCIAL GROUP

401(k) PROFIT SHARING PLAN

Notes to Financial Statements

December 31, 2016 and 2015

(5) Nonparticipant-Directed Investments

At December 31, 2016 and 2015, the Plan held $123,450 and $499,759, respectively, in cash and cash equivalents that were nonparticipant-directed. In each case, the nonparticipant-directed amounts were allocated to plan participants subsequent to year-end.

Components of the changes in net assets relating to the nonparticipant-directed investments are as follows:



	2016			2015
Beginning balance	$	499,759		$	370,782
Interest	262			46
Dividends	334,080			336,239
Administrative expenses	(210,892		)	(324,934		)
Transfers (to) from participant-directed investments, net	(499,759		)	117,626
Ending balance	$	123,450		$	499,759

(6) Transactions with Parties-in-Interest

Certain plan investments are shares of common collective trust funds managed by 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(c) and 4, Plan investments also include shares of the common stock of the Company.

(7) 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 as applicable.

(8) Tax Status

The Internal Revenue Service has determined and informed the Company by a letter dated June 4, 2014, that the Plan and related trust are designed in accordance with applicable sections of the IRC. The Plan was amended July 20, 2015 and is no longer intended to qualify as a stock bonus plan satisfying the requirements of an employee stock ownership plan within the meaning of section 4975(e)(7) of the IRC. 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.

It is the Plan's policy to recognize the impact of uncertain tax positions in its financial statements if, upon ultimate settlement, that position is more likely than not to be sustained. No such uncertain tax positions have been recognized by the Plan.

FIDELITY NATIONAL FINANCIAL GROUP

401(k) PROFIT SHARING PLAN

Supplemental Schedule H, Line 4i - Schedule of Assets (Held at End of Year)

December 31, 2016

EIN: 16-1725106

Plan No. 001

Identity of issuer, borrower, lessor, or similar party

Description of Investment

Shares/units

Cost

Current value

Cash and cash equivalents:

* Wells Fargo

General Cash

51,307

* Wells Fargo

Wells Fargo Advantage Cash Investment Money Market

123,451

Common/collective trust funds:

* Wells Fargo

Wells Fargo Stable Return Fund

46,690

602,722

* Wells Fargo

Wells Fargo Core Bond CIT

101,767

1,410,280

* Wells Fargo

Wells Fargo Stable Return Fund N

4,619,174

246,169,656

* Wells Fargo

Wells Fargo Stable Return Fund N35

* Wells Fargo

Wells Fargo International Bond CIT

59,814

508,337

* Wells Fargo

Wells Fargo T. Rowe Price Institutional LCG MGD CIT

31,067

553,304

* Wells Fargo

Wells Fargo T. Rowe Price Institutional EQ INC MGD CIT

* Wells Fargo

Wells Fargo BlackRock International EQ Index CIT N

2,079,424

34,207,768

* Wells Fargo

Wells Fargo BlackRock International EQ Index CIT TR

173,683

1,643,670

* Wells Fargo

Wells Fargo BlackRock S&P MC Index CIT N

1,640,948

65,183,396

* Wells Fargo

Wells Fargo BlackRock S&P MC Index CIT TR

109,496

1,341,341

* Wells Fargo

Wells Fargo BlackRock S&P 500 Index CIT N

1,648,264

147,981,643

* Wells Fargo

Wells Fargo BlackRock S&P 500 Index CIT TR

265,336

3,094,353

* Wells Fargo

Wells Fargo BlackRock Russell 2000 Index CIT

41,136

508,709

* Wells Fargo

Wells Fargo BlackRock US Aggregate Bond Index CIT

317,492

3,310,492

* Wells Fargo

Wells Fargo / Causeway INTL Value CIT

66,758

714,400

* Wells Fargo

Wells Fargo / Dodge & Cox Intermediate Bond CIT

137,297

1,420,845

* Wells Fargo

Wells Fargo MFS Value CIT

134,115

2,335,301

* Wells Fargo

Wells Fargo Multi-Manager Small Cap CIT

30,462

551,438

Corporate bond funds:

Vanguard

Vanguard Intermediate Term Bond Fund

5,058,235

56,854,560

Legg Mason

Legg Mason BW Global Opportunities Bond Fund

1,308,681

13,139,159

The Dreyfus Corporation

Dreyfus Intermediate Term Income Fund

4,183,457

55,430,804

JP Morgan

JP Morgan High Yield Fund

1,599,989

11,775,921

PIMCO

PIMCO High Yield Institutional Fund

43,217

987,068

PIMCO

PIMCO Real Return Institutional Fund

79,663

1,160,020

Mutual funds:

Harbor Funds

Harbor Capital Appreciation Institutional Fund

2,535,076

143,612,029

Harbor Funds

Harbor International Institutional Fund

572,342

33,430,501

Baron

Baron Small Cap Fund

1,837,527

47,922,698

Acadian

Emerging Market Equity Fund

105,124

941,089

FIDELITY NATIONAL FINANCIAL GROUP

401(k) PROFIT SHARING PLAN

Supplemental Schedule H, Line 4i - Schedule of Assets (Held at End of Year) - continued

December 31, 2016



Identity of issuer, borrower, lessor, or similar party	Description of Investment	Shares/units	Cost	Current value
Identity of issuer, borrower, lessor, or similar party	Description of Investment	Shares/units	Cost	Current value
	Mutual funds (continued):
Oppenheimer	Oppenheimer International Growth Fund Class Y	1,057,509	**	36,674,412
Invesco	Invesco Global RE	972,015	**	11,936,346
The Dreyfus Corporation	Dreyfus Small Cap Index Fund	1,624,109	**	48,901,908
Invesco	Invesco Van Kampen Comstock Fund	3,317,817	**	78,466,361
Prudential	Jenn Natural RE	198,965	**	7,670,119
Vanguard	Vanguard Wellington Fund	7,178,464	**	484,187,368
Lazard	Emerging Markets Portfolio	309,527	**	4,940,051
JP Morgan	JP Morgan Midcap Value	1,215,452	**	44,242,439
Harbor	Harbor International Institutional Fund	51,566	**	614,773
Northern Trust	Northern Global Real Estate Index	68,610	**	719,923
	Common stock:
JAX	J. Alexander's, Inc.	542,851	**	2,578,918
	Employer common stock:
* FNF	Fidelity National Financial, Inc.	10,622,403	**	160,310,348
* FNFV	Fidelity National Financial Ventures	3,351,500	**	20,198,326
* BKFS	Black Knight Financial Services, Inc.	199,749	**	1,851,199
*** Participant loans	Participant loans, various maturities, interest rates 3.25% - 10.25%, balances collateralized by participant account, a total of 7,244 loans are outstanding with maturity dates from one to fourteen years through 2030			44,923,707
				$	1,825,182,462

___________


*	Party in interest.

** Cost information has not been included because investments are participant directed.

*** The accompanying financial statements classify participant loans as notes receivable from participants

See accompanying report of independent registered public accounting firm.

SIGNATURE

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 thereunto duly authorized.




		The Fidelity National Financial Group 401(k) Profit Sharing Plan

Date:	June 27, 2017	/s/ Karen Harper
		Karen Harper
		Trustee

EXHIBIT INDEX



Exhibit No.		Description
23.1		Consent of Independent Registered Public Accounting Firm - Dixon Hughes Goodman LLP

Exhibit

Exhibit 23.1

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in Registration Statements (Nos. 333-198187, 333-197249, 333-197124, 333-193825, 333-190527, 333-157643, 333-132843, 333-138254, 333-129886, 333-129016 and 333-176395) on Form S-8, Registration Statements (Nos. 333-157123, 333-147391, and 333-174650) on Form S-3, and Registration Statements (Nos. 333-194938 and 333-190902) on Form S-4 of Fidelity National Financial, Inc. of our report dated June 27, 2017, with respect to the financial statements and supplemental schedule of Fidelity National Financial Group 401(k) Profit Sharing Plan included in this Annual Report on Form 11-K as of and for the years ended December 31, 2016 and 2015.

/s/ Dixon Hughes Goodman LLP

Atlanta, Georgia

June 27, 2017