earnings
confidence high
sentiment neutral
materiality 0.70
FNF Q2 net earnings fall to $382M ($1.37/sh); adjusted EPS $1.90 vs $2.06
Fidelity National Financial, Inc.
2022-Q2 EPS reported
$2.77
revenue$5,796,000,000
- Title revenue $2.6B, down 13% YoY; adjusted pre-tax title margin 18.9% vs 22.7% (refinance orders closed -68%)
- F&G sales $3.1B (+15%); adjusted net earnings $128M ($92M ex-items) vs $92M; AUM $40.3B
- F&G partial spin-off on track to close early Q4 2022; Form 10 filed confidentially
- Share buybacks $172M (4.3M shares at $39.76) in Q2; dividends $0.44/sh; cash at holdco $1.6B
- Commercial revenue up 26% to $436M; fee per file $3,557 (+46%) offset lower volume