secwatch.observer — SEC 8-K summary
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Issuer:     Cannae Holdings, Inc. (CNNE)
CIK:        0001704720
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001704720-22-000068
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cannae Q3 net earns $55.3M ($0.69) vs loss; buys back 1.7M shares; monetizes AmeriLife and CorroHealth
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- Q3 net earnings $55.3M ($0.69 diluted EPS) vs net loss $121.0M ($(1.36)) in Q3 2021.
- Operating revenue fell 11.5% to $164.5M; operating loss improved to $(21.3)M from $(24.8)M.
- Repurchased 1.7M shares for ~$36M in Q3; YTD 8.9M shares for $185M (10% of shares outstanding since Dec 2021).
- Sold 46% of AmeriLife stake for $148M net cash in Aug; to sell another 29% in Q4 for ~$95M; total $243M.
- Finalized sale of CorroHealth for ~$79M cash; committed ~$126M as 50.1% LP in AFC Bournemouth acquisition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1704720/000170472022000068/0001704720-22-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1704720/000170472022000068/cnne-20221109.htm
  HTML page:      https://secwatch.observer/filing/0001704720-22-000068

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