secwatch.observer — SEC 8-K summary
======================================

Issuer:     Fidelity National Financial, Inc. (FNF)
CIK:        0001331875
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001331875-22-000035
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FNF Q1 net earnings $397M ($1.40/diluted) down 34%; F&G partial spin-off on track for H2 2022
--------------------------------------------------------------------------------

- Adjusted net earnings $388M ($1.37/sh) vs $455M ($1.56) YoY; Title adjusted pre-tax margin 17.1% vs 19.9%.
- F&G sales $2.6B (+57% YoY), AUM $38.6B; F&G adjusted net earnings $82M vs $78M.
- Title revenue $2.4B flat YoY; commercial revenue $374M (+46%); refinance orders closed -58%.
- Partial spin-off of 15% of F&G expected late Q3/early Q4 2022; FNF retains 85% control; ticker FG reserved.
- FNF repurchased 2.75M shares for $134M, paid $0.44/share dividend; holding company cash $1.5B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1331875/000133187522000035/0001331875-22-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1331875/000133187522000035/fnf-20220510.htm
  HTML page:      https://secwatch.observer/filing/0001331875-22-000035

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer