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Mar 31, 2021
Fidelity National Financial Q1 2021 Earnings Report
Reported diluted EPS from continuing operations of $2.06 and adjusted diluted EPS from continuing operations of $1.56.
Key Takeaways
Fidelity National Financial reported a strong first quarter in 2021, with total revenue of $3.1 billion compared to $1.6 billion in the first quarter of 2020. The company's diluted EPS from continuing operations was $2.06, and adjusted diluted EPS from continuing operations was $1.56. Net earnings from continuing operations reached $600 million, and adjusted net earnings from continuing operations were $455 million.
Total revenue reached $3.1 billion, a notable increase from $1.6 billion in the first quarter of 2020.
Diluted EPS from continuing operations stood at $2.06, with adjusted diluted EPS from continuing operations at $1.56.
Net earnings from continuing operations amounted to $600 million, while adjusted net earnings from continuing operations totaled $455 million.
Commercial revenue increased by 5% to $257 million, driven by a 12% increase in closed orders.
Fidelity National Financial
Fidelity National Financial
Fidelity National Financial Revenue by Segment
Revenue by Segment
Title Segment Revenue
CapyFin.comCorporate and Other Revenue
CapyFin.com Forward Guidance
The company's capital allocation strategy remains a key focus, with a disciplined approach to returning capital to shareholders while making necessary investments for growth. The company recently declared a second quarter dividend of $0.36 per share and continued share repurchases, executing against its $500 million share repurchase plan.
Positive Outlook
- Continued roll out of strategic technology initiatives improved production and delivery of core products and services.
- Investment in proprietary title automation technology and engines that search and examine property records and other data sources.
- Deployment of inHere® Experience Platform, leveraging cloud-based technology for a digital user experience.
- Strong results in F&G with fixed indexed annuity sales at record quarterly levels.
- Expansion into institutional products, including the pension risk transfer market, as a strategic focus.
Challenges Ahead
- No specific negatives were mentioned in the provided text.
Revenue & Expenses
Visualization of income flow from segment revenue to net income