Fidelity National Financial Inc. reported a 32.1 percent increase in net income year over year in the fourth quarter and a 0.93 percent increase in net income for the year 2011 compared with 2010.

FNF reported net income of $175.1 million, or 78 cents per diluted share, in the fourth quarter. In the fourth quarter of 2010, the company reported net income of $132.5 million, or 58 cents per diluted share, according to a public filing with the U.S. Securities and Exchange Commission.

For the year, FNF reported net income of $379...