secwatch.observer — SEC 8-K summary
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Issuer:     Fidelity National Financial, Inc. (FNF)
CIK:        0001331875
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001331875-23-000026
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1331875/000133187523000026/0001331875-23-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1331875/000133187523000026/fnf-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001331875-23-000026

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