FNF reports Q1 net loss of $59M, adjusted EPS $0.52; Title revenue down 40% YoY

Fidelity National Financial, Inc.

2023-Q1 EPS reported -$0.22 revenue$2,474,000,000

Net loss of $59M ($0.22 loss per share) vs net earnings of $400M ($1.41) in Q1 2022.
Adjusted net earnings of $141M ($0.52 per share) vs $386M ($1.36) prior year.
Title segment adjusted pre-tax margin of 10.0% (vs 17.1%), revenue $1.6B down from $2.4B.
F&G record gross sales $3.3B (+27% YoY) and record AUM $45.4B; segment net loss $164M on mark-to-market.
Completed TitlePoint acquisition for $224M cash; paid $122M dividends; repurchased $3.8M shares.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Fidelity National Financial, Inc. reported first quarter ended March 31, 2023 results: net income Net loss attributable to common shareholders for the first quarter of $59 million, or $0.22 per diluted share, EPS $0.22 per diluted share.

Period: first quarter ended March 31, 2023
Net income: Net loss attributable to common shareholders for the first quarter of $59 million, or $0.22 per diluted share
EPS: $0.22 per diluted share
Result: reported results

Exact text from the filing

On May 3, 2023 , Fidelity National Financial, Inc. (the "Company", "FNF") issued an earnings release announcing its financial results for the First Quarter of 2023.

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Fidelity National Financial, Inc. filing history →

Source: SEC EDGAR

accession 0001331875-23-000026

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