earnings
confidence high
sentiment negative
materiality 0.75
FNF Q3 net earnings $289M ($1.05/sh) vs $732M ($2.57/sh) YoY; adjusted EPS $1.07
Fidelity National Financial, Inc.
2022-Q3 EPS reported
$3.83
revenue$9,003,000,000
- Title segment revenue $2.3B, down 24% YoY; adjusted pre-tax margin 17.1% vs 21.7% prior year.
- Refinance orders opened down 75% daily; commercial orders closed down 12%; commercial revenue up 4% to $381M.
- F&G gross sales $2.9B, retail sales record $2.3B (+45% YoY); AUM $42B; partial spin-off on track for Q4 2022.
- FNF repurchased 5.3M shares for $205M in Q3; quarterly dividend raised to $0.45/sh from $0.44.
- Retired $400M senior notes due Sept 1; holding company cash $1.1B; debt-to-cap ratio 23%.