---
schema_version: "secwatch.filing_event.v1"
accession: "0001704720-23-000018"
form_type: "8-K"
ticker: "CNNE"
cik: "0001704720"
company_name: "Cannae Holdings, Inc."
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T05:06:30.039298+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cannae repurchased 10.8M shares ($225M) in 2022; sold AmeriLife at 2.7x; invested in AFC Bournemouth

## Summary
- Repurchased 10.8M shares ($225M) in 2022, representing 12% of shares outstanding; since May 2021, returned ~$400M via buybacks.
- Sold remaining 29% of AmeriLife for $95M; total cash proceeds $243M for 75% of initial investment, a 2.7x return; retains 5% stake valued at $89M.
- Sold 1M Ceridian shares in Feb 2023 for $78M (13x return); now holds 5M shares (3% of CDAY).
- Invested $86M in Computer Services (CSI) for ~9% interest; committed ~$133M for 50.1% of Black Knight Football (AFC Bournemouth).
- Liquidity: $274M corporate cash; $85M drawn on FNF credit facility; $250M margin loan fully utilized.

## SEC filing metadata
- accession: 0001704720-23-000018
- form_type: 8-K
- ticker: CNNE
- cik: 0001704720
- company_name: Cannae Holdings, Inc.
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1704720/000170472023000018/0001704720-23-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1704720/000170472023000018/cnne-20230222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001704720-23-000018
- JSON: https://secwatch.observer/filing/0001704720-23-000018.json
- Plain text: https://secwatch.observer/filing/0001704720-23-000018.txt

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