---
schema_version: "secwatch.filing_event.v1"
accession: "0001704720-21-000082"
form_type: "8-K"
ticker: "CNNE"
cik: "0001704720"
company_name: "Cannae Holdings, Inc."
filed_at: "2021-11-09T23:59:59+00:00"
generated_at: "2026-06-28T10:50:44.448574+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cannae reports Q3 net loss of $121M; records $392M impairment on Paysafe investment

## Summary
- Net loss attributable to common of $121.0M (EPS -$1.36) vs prior-year income of $131.9M (EPS $1.44); operating revenue $186.0M.
- Recorded $391.8M other-than-temporary impairment on Paysafe (PSFE) investment; book value $418.8M vs cost $810.6M.
- Book value per share fell to $39.36 from $41.22 at year-end 2020; total shareholder equity $3.5B.
- Deployed $240M in Sightline Payments for ~33% stake; sold 1M Ceridian shares for $100M gross proceeds in Q3.
- Year-to-date share repurchases of 2.73M shares for $96.5M; corporate cash $81M plus $600M undrawn credit facilities.

## SEC filing metadata
- accession: 0001704720-21-000082
- form_type: 8-K
- ticker: CNNE
- cik: 0001704720
- company_name: Cannae Holdings, Inc.
- filed_at: 2021-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1704720/000170472021000082/0001704720-21-000082-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1704720/000170472021000082/cnne-20211109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001704720-21-000082
- JSON: https://secwatch.observer/filing/0001704720-21-000082.json
- Plain text: https://secwatch.observer/filing/0001704720-21-000082.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.