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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-Q

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

For the Quarter Ended June 30, 2002

Commission File Number 1-9396

FIDELITY NATIONAL FINANCIAL, INC.

(949) 622-4333

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

YES ( X )        NO (     )

As of August 8, 2002, 95,494,953 shares of the Registrant’s Common Stock were outstanding.

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FORM 10-Q
QUARTERLY REPORT
Quarter Ended June 30, 2002

INDEX
								Page
Part I:   FINANCIAL INFORMATION
		Item 1.		Condensed Consolidated Financial Statements
				A.		Condensed Consolidated Balance Sheets as of June 30, 2002 and December 31, 2001		3
				B.		Condensed Consolidated Statements of Earnings for the three months and six months ended June 30, 2002 and 2001		4
				C.		Condensed Consolidated Statements of Comprehensive Earnings for the three months and six months ended June 30, 2002 and 2001		5
				D.		Condensed Consolidated Statement of Stockholders’ Equity for the six months ended June 30, 2002		6
				E.		Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2002 and 2001		7
				F.		Notes to Condensed Consolidated Financial Statements		9
		Item 2.		Management’s Discussion and Analysis of Financial Condition and Results of Operations				14
		Item 3.		Quantitative and Qualitative Disclosure About Market Risk				20
Part II:   OTHER INFORMATION
		Item 1.				Legal Proceedings		20
		Item 4.				Submission of Matters to a Vote of Security Holders		21
		Item 6.				Exhibits and Reports on Form 8-K		21

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Part I: FINANCIAL INFORMATION

Item 1. Condensed Consolidated Financial Statements

FIDELITY NATIONAL FINANCIAL, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)

						June 30,				December 31,
						2002				2001
						(Unaudited)
ASSETS
Investments:
	Fixed maturities available for sale, at fair value at June 30, 2002 includes $250,753 and, at December 31, 2001 includes $237,253 of pledged fixed maturity securities related to secured trust deposits					$	1,419,279			$	1,216,240
	Equity securities, at fair value						106,603				56,360
	Other long-term investments						22,843				39,682
	Short-term investments, at June 30, 2002 includes $151,952 and at December 31, 2001 includes $81,893 of pledged short-term investments related to secured trust deposits						571,252				491,539
			Total investments				2,119,977				1,803,821
Cash and cash equivalents, at June 30, 2002 includes $289,995 and at December 31, 2001 includes $367,907 of pledged cash related to secured trust deposits							525,828				542,620
Leases and residual interests in securitizations							152,048				173,883
Trade receivables, net							169,839				163,961
Notes receivable, net							18,040				20,149
Cost in excess of net assets acquired, net							819,142				808,584
Prepaid expenses and other assets							317,260				358,933
Title plants							275,930				275,591
Property and equipment, net							179,580				161,643
Deferred tax assets							101,303				106,813
						$	4,678,947			$	4,415,998
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
	Accounts payable and accrued liabilities					$	553,623			$	596,019
	Notes payable						535,665				565,690
	Reserve for claim losses						882,749				881,053
	Secured trust deposits						676,856				673,126
	Income taxes payable						94,033				14,074
							2,742,926				2,729,962
	Minority interests and preferred stock of subsidiary						61,306				47,166
Stockholders’ equity:
	Preferred stock, $.0001 par value; authorized, 3,000,000 shares; issued and outstanding, none						—				—
	Common stock, $.0001 par value; authorized, 150,000,000 shares as of June 30, 2002 and 100,000,000 shares as of December 31, 2001; issued, 96,037,743 as of June 30, 2002 and 95,348,876 as of December 31, 2001						10				10
	Additional paid-in capital						1,426,965				1,158,847
	Retained earnings						443,372				498,073
							1,870,347				1,656,930
	Accumulated other comprehensive earnings						13,899				4,866
	Less treasury stock, 318,500 shares as of June 30, 2002 and 1,100,000 shares as of December 31, 2001, at cost						(9,531	)			(22,926	)
							1,874,715				1,638,870
						$	4,678,947			$	4,415,998

See Notes to Condensed Consolidated Financial Statements

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FIDELITY NATIONAL FINANCIAL, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
(In thousands, except per share data)

See Notes to Condensed Consolidated Financial Statement

4

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FIDELITY NATIONAL FINANCIAL, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS
(In thousands)

(1)		Net of income tax expense of $7.6 million and $182 and $6.2 million and $3.4 million for the three months and six months ended June 30, 2002 and 2001, respectively.
(2)		Net of income tax expense (benefit) of $1.0 million and $(1.2) million and $(159) and $(599) for the three months and six months ended June 30, 2002 and 2001, respectively.

See Notes to Condensed Consolidated Financial Statement

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FIDELITY NATIONAL FINANCIAL, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
(In thousands)