secwatch.observer — SEC 8-K summary
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Issuer:     Fidelity National Financial, Inc. (FNF)
CIK:        0001331875
Form:       8-K
Filed at:   2026-02-19T23:59:59+00:00
Accession:  0001331875-26-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FNF Q4 adjusted EPS $1.41, title margin 17.5%, completes 12% F&G distribution
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- Adjusted net earnings $382M ($1.41/share) vs $366M ($1.34) in Q4 2024; net loss of $117M due to $471M noncash deferred tax charge.
- Title segment adjusted pre-tax margin 17.5% (Q4) and 15.9% (FY); revenue ex-gains up 11% to $2.3B (Q4).
- F&G AUM before flow reinsurance $73.1B (+12% YoY); gross sales $3.4B (Q4), core sales $2.8B in line with prior year.
- Special distribution of ~12% F&G shares (approx $500M value) completed Dec 31; FNF retains ~70% equity ownership.
- Returned ~$170M to shareholders in Q4 ($140M dividends, $30M buybacks); FY 2025 total ~$800M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1331875/000133187526000021/0001331875-26-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1331875/000133187526000021/fnf-20260219.htm
  HTML page:      https://secwatch.observer/filing/0001331875-26-000021

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