FNF Acquires Top Employee Benefits Agency
In the last quarter of 2012, the leading title insurance and mortgage services provider, Fidelity National Financial, Inc., announced its current success in the acquisition of Digital Insurance, Inc., a firm that provides employee benefits through the distribution of health insurance and the management of small businesses.
Digital has over 20,000 employer clients where 250 are broker partnerships with at least $1 billion of annual premium. Digital Benefits Advisors, company’s largest division, is also growing rapidly as a leading brokerage agency for health benefits. It utilizes the platform for scalable benefits technology of Digital in targeting small businesses through a direct basis. It has been estimated that at the end of 2013, Digital will have generated an approximate $70 million of revenue, a $20 million dollar increase from last year’s $50 million revenue.
According to George P. Scanlon, the Chief Executive Officer of FNF, the company has repeatedly demonstrated a success record of efficient distribution of health benefit programs to small businesses markets. On top of that, the fragmented market served by Digital is shouldering an organic growth of great significance as well as consolidating potential. The company’s business model is entirely unique and original, and it will no doubt provide FNF an opportunity to grow in an industry that is currently going through major changes.
FNF is currently the country’s top provider of mortgage services, title insurance, and restaurant and other diversified services. The company’s title insurance underwriters include Fidelity National Title, Commonwealth Land Title, Chicago Title and Alamo Title. These underwriters currently issue the most title insurance policies across the country. FNF is also a huge stake holder of the American Blue Ribbon Holdings, LLC, the owner and operator of Ninety Nine Restaurant, Village Inn, O’Charley’s, Stoney River Legendary Steaks and Bakers Square. Majority of the stake of Remy International, Inc., which is the leading manufacturer, marketer, designer and distributor of automobile electrical components, is also owned by FNF. To learn more about FNF, it is best to visit the company’s homepage.
According to FNF, its forward-looking statements on the future of the company are based on current statistical information of the management regarding the state of the company. They admit that actual results may differ from its expected and drafted results. The company emphasizes that it is not obliged to update anymore forward-looking statements even in the events of economic changes, arising political dilemmas and other changes affecting the financial markets.
FNF assures that it continues to look forward to achieving more successes. By acquiring Digital, they are excited to reach newer heights in the title insurance industry.