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.
The company expects orders to continue declining as we work together as a country to control the spread of COVID-19.
Visualization of income flow from segment revenue to net income