earnings
confidence high
sentiment neutral
materiality 0.68
FNF Q3 net earnings $1.57/sh; adjusted EPS $1.23; Title margin 16.2% amid lower volumes
Fidelity National Financial, Inc.
2023-Q3 EPS reported
$2.16
revenue$8,320,000,000
- Net earnings $426M ($1.57/sh) vs $362M ($1.32/sh) YoY; adjusted net earnings $333M ($1.23/sh).
- Title segment revenue $1.9B (-18% YoY); adjusted pre-tax title margin 16.2% (vs 17.1% YoY).
- F&G segment gross sales $2.8B (-3%); AUM record $47.4B; adjusted net earnings $102M vs loss $12M YoY.
- Commercial revenue down 31% to $263M; purchase orders closed down 13%, refinance down 35% daily.
- Ended Q3 with $949M cash/short-term investments; paid $0.45/sh dividend ($123M).