Finance of America Q2 net loss $221M, adjusted loss $26M; sells Lender Services stake, Title Insurance

Finance of America Companies Inc.

2023-Q2 EPS reported -$1.00 revenue$28,958,000

Net loss from continuing operations of $221M; adjusted net loss of $26M ($0.12 per diluted share).
Completed sale of majority stake of Lender Services platform on June 30, 2023.
Completed sale of Title Insurance business effective July 3, 2023.
Maintained 39% share of HECM Reverse market in first half 2023 (HMBS issuance basis).
Integration costs for AAG platform and growth investments contributed to adjusted loss.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Finance of America Companies Inc. reported the quarter ended June 30, 2023 results: net income Net loss from continuing operations of $221 million, EPS adjusted net loss (2) of $26 million or $0.12 per fully diluted share.

Period: the quarter ended June 30, 2023
Net income: Net loss from continuing operations of $221 million
EPS: adjusted net loss (2) of $26 million or $0.12 per fully diluted share
Result: reported results

Exact text from the filing

On August 8, 2023, Finance of America Companies Inc. (the "Company") issued a press release announcing its financial results for the second quarter ended June 30, 2023.

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

Finance of America Companies Inc. filing history →

Source: SEC EDGAR

accession 0001828937-23-000083

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.