earnings
confidence high
sentiment negative
materiality 0.75
FNF Q2 earnings: Net income $219M ($0.81/sh), down 59% YoY; adjusted EPS $1.01
Fidelity National Financial, Inc.
2023-Q2 EPS reported
$0.59
revenue$5,542,000,000
- Net earnings $219M ($0.81 diluted) vs $537M ($1.92) in Q2 2022; adjusted net earnings $274M ($1.01) vs $557M ($2.00).
- Title segment revenue $1.9B (-27% YoY); adjusted pre-tax margin 15.8%. Purchase orders opened down 18% daily.
- F&G segment gross sales $3.0B (-3% YoY); record AUM $46.3B. Adjusted net earnings $67M vs $155M.
- Holding company cash & short-term investments $885M; common dividend $0.45/sh ($121M paid in Q2).
- Management cites high mortgage rates and uncertain near-term outlook; share repurchase moderated to preserve flexibility.