Fidelity National Financial Q1 2020 Earnings Report
Key Takeaways
Fidelity National Financial reported a total revenue of approximately $1.6 billion, a net loss of $61 million, and an adjusted net earnings of $202 million for the first quarter of 2020. The adjusted diluted EPS was $0.73, and the adjusted pre-tax title margin was 14.4%.
Total revenue was approximately $1.6 billion in the first quarter versus $1.7 billion in the first quarter of 2019.
First quarter net losses were $61 million and adjusted net earnings were $202 million versus net earnings of $206 million and adjusted net earnings of $118 million for the first quarter of 2019.
First quarter diluted EPS was $(0.22) and adjusted diluted EPS was $0.73 versus diluted EPS of $0.74 and adjusted diluted EPS of $0.43 in the first quarter of 2019.
Total commercial revenue was $245 million, a 6% increase versus total commercial revenue in the first quarter of 2019.
Fidelity National Financial
Fidelity National Financial
Fidelity National Financial Revenue by Segment
Forward Guidance
The company expects orders to continue declining as we work together as a country to control the spread of COVID-19.
Revenue & Expenses
Visualization of income flow from segment revenue to net income