secwatch.observer — SEC 8-K summary
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Issuer:     Fidelity National Financial, Inc. (FNF)
CIK:        0001331875
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001331875-23-000043
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FNF Q2 earnings: Net income $219M ($0.81/sh), down 59% YoY; adjusted EPS $1.01
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1331875/000133187523000043/0001331875-23-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1331875/000133187523000043/fnf-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001331875-23-000043

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer