secwatch.observer — SEC 8-K summary
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Issuer:     Cannae Holdings, Inc. (CNNE)
CIK:        0001704720
Form:       8-K
Filed at:   2022-08-08T23:59:59+00:00
Accession:  0001704720-22-000055
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cannae reports Q2 net loss $263.3M; repurchases 5.8M shares from FNF; new 10M share buyback authorized
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- Q2 net loss $263.3M (EPS -$3.15) vs income $176.4M in prior year; operating loss $27M.
- Repurchased 5.8M shares from FNF at $18.81 avg; new 10M share buyback authorized; total 12.7M shares repurchasable.
- Sold 2M Ceridian shares for $112.4M gross; holds 6M CDAY shares; sold 1.7M SST shares for $22.7M.
- AmeriLife stake valued at $338M (2.8x cost); expects to monetize substantial portion in H2 2022.
- After quarter end, sold 9.2M DNB shares for $127M gross; DNB initiates $0.05 quarterly dividend.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1704720/000170472022000055/0001704720-22-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1704720/000170472022000055/cnne-20220808.htm
  HTML page:      https://secwatch.observer/filing/0001704720-22-000055

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