Stewart Information Services Corporation · NYSE:STC
Stewart Information Services — Merger or Acquisition (March 2018)
20 slides from Stewart Information Services's merger presentation, Mar 20, 2018
Slide 1: Town Hall: Fidelity National Financial & Stewart Information Services
© 2018 Fidelity National Financial | Do Not Distribute © 2018 Fidelity National Financial | Do Not Distribute Town Hall Fidelity National Financial & Stewart Information Services 1
Slide 2: What is Happening?
© 2018 Fidelity National Financial | Do Not Distribute What is Happening? 2 Stewart has entered into an agreement and plan of merger with Fidelity National Financial, a leading provider of title insurance and transaction services to the real estate and mortgage industries. This is a result of our Bo
Slide 3: How did we arrive at this decision?
© 2018 Fidelity National Financial | Do Not Distribute How did we arrive at this decision? 3 This is an exciting opportunity for Stewart The Board determined this is the best alternative for our shareholders: o Capitalizes on Fidelity National Financial's exceptional financial and operating platform
Slide 4: What's Next?
© 2018 Fidelity National Financial | Do Not Distribute What’s Next? 4 Stewart and FNF will continue to operate independently until the transaction is finalized, which we expect to happen by the first or second quarter of 2019. It's critically important that we continue running the business, maximizi
Slide 5: What's Next? Resources
© 2018 Fidelity National Financial | Do Not Distribute What’s Next? 5 We’re committed to maintaining consistent, open communication throughout this process. Resources are and will continue to be posted on StewartPoint and our other associate channels. Questions? • General Internal Inquiries : Contac
Slide 6: Randy Quirk, CEO, Fidelity National Financial
© 2018 Fidelity National Financial | Do Not Distribute 6 Randy Quirk CEO, Fidelity National Financial
Slide 7: Industry Experienced Leadership
© 2018 Fidelity National Financial | Do Not Distribute Bill Foley Chairman of the Board Fidelity National Financial Randy Quirk Chief Executive Officer Fidelity National Financial Western Operations Divisions Eastern Operations Divisions Mike Nolan President, Fidelity National Financial Roger Jewkes
Slide 8: The History
© 2018 Fidelity National Financial | Do Not Distribute The History … 8 1993 Security Title Acquires Nations title becomes 4 th largest underwriter 1996 4 th Largest Nations Title 1991 Chicago Title acquires Ticor Title 1998 Acquires Alamo Title Insurance Co. Alamo Title Co. 1992 FNF begins trading o
Slide 9: The History (continued)
© 2018 Fidelity National Financial | Do Not Distribute LandCanada 2000 Acquires Chicago Title, Ticor Title, & Security Union Ticor Title Chicago Title Nation’s Largest Security Union 2005 Acquires ServiceLink ServiceLink 2008 Lawyers Title Commonwealth 2003 Acquires the financial services division o
Slide 10: Strength in People & Strong Brands
© 2018 Fidelity National Financial | Do Not Distribute Strength in People & Strong Brands 10
Slide 11: 24,300 Talented Employees
© 2018 Fidelity National Financial | Do Not Distribute © 2018 Fidelity National Financial | Do Not Distribute Our Company At - a - Glance 24,300 Employees Talented Employees 15,500 Direct / ServiceLink Operations 1,400 Agency Operations 4,300 Non - Directs – Includes India Ops 2,400 Corporate 7 00 R
Slide 12: 1,400 Locations: Significant Network
© 2018 Fidelity National Financial | Do Not Distribute © 2018 Fidelity National Financial | Do Not Distribute 1,400 Locations Significant Network 24,300 Employees of title operations & branches throughout the United States & Canada 12 Our Company At - a - Glance
Slide 13: 33.4% Market Share: Industry Leading
© 2018 Fidelity National Financial | Do Not Distribute © 2018 Fidelity National Financial | Do Not Distribute 33.4% Market Share YTD 2017 Industry Leading Collectively, our multiple brands and operations hold a substantial part of the overall market share 1,400 Locations 24,300 Employees 13 Our Comp
Slide 14: 14.5% Margin FY 2017 Financial Results
© 2018 Fidelity National Financial | Do Not Distribute © 2018 Fidelity National Financial | Do Not Distribute 14.5% Margin FY 2017 Financial Results Financial results and focus is at the core of who we are and vital to our company’s financial strength 1,400 Locations 24,300 Employees 33.4% Market Sh
Slide 15: $1.5b Strong Reserves for Claim Losses
© 2018 Fidelity National Financial | Do Not Distribute © 2018 Fidelity National Financial | Do Not Distribute $1.5 b Reserves Strong Reserves for Claim Losses to protect our clients interest and to ensure longevity 1,400 Locations 24,300 Employees 33.4% Market Share YTD 2017 14.5% Margin FY 2017 15
Slide 16: 5,203 Agents: Agency Focused
© 2018 Fidelity National Financial | Do Not Distribute © 2018 Fidelity National Financial | Do Not Distribute 1,400 Locations 24,300 Employees 33.4% Market Share YTD 2017 Margin FY 2017 $1.5 b Reserves 5,203 Agents Agency Focused We value our agent partners. They have been and will continue to be a
Slide 17: Cash & Investment Portfolio
© 2018 Fidelity National Financial | Do Not Distribute © 2018 Fidelity National Financial | Do Not Distribute 1,400 Locations 24,300 Employees 33.4% Market Share YTD 2017 14.5% Margin FY 2017 $1.5 b Reserves $4.5 Billion 5,203 Agents 17 Our Company At - a - Glance Cash & Investment Portfolio Unparal
Slide 18: Company Values – Game Plan 2020
© 2018 Fidelity National Financial | Do Not Distribute © 2018 Fidelity National Financial | Do Not Distribute Company Values – Game Plan 2020 Passion Growth Accountability Innovation Integrity 18 Teamwork
Slide 19: Our Focus … Our Precepts
© 2018 Fidelity National Financial | Do Not Distribute © 2018 Fidelity National Financial | Do Not Distribute Our Focus … Our Precepts Highest Standard of Conduct Adhere to all related laws, regulations and principles of conduct to protect the public ’ s trust, ensure conscientious performance and p
Slide 20: Q&A
© 2018 Fidelity National Financial | Do Not Distribute © 2018 Fidelity National Financial | Do Not Distribute Q&A Fidelity National Financial & Stewart Information Services 20 Forward-Looking Statements This communication contains forward-looking statements within the meaning of the Private Securiti
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