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Mar 31
Fidelity National Financial Q1 2025 Earnings Report
Fidelity National Financial reported solid adjusted earnings growth in Q1 2025, driven by robust performance in the Title segment and steady F&G contributions despite market challenges.
Key Takeaways
FNF delivered $213 million in adjusted net earnings and $0.78 in adjusted EPS for Q1 2025. The Title segment achieved strong results with a 12% increase in revenue excluding gains/losses and a leading 11.7% adjusted pre-tax margin. The F&G segment maintained resilience despite lower sales.
Fidelity National Financial
Fidelity National Financial
Fidelity National Financial Revenue by Segment
Forward Guidance
FNF is focused on capital efficiency and long-term value creation, with emphasis on maintaining market share in title, growing F&G's AUM, and disciplined capital allocation.
Positive Outlook
- Maintained strong adjusted pre-tax margin in Title segment
- Participation in F&G equity raise to support future growth
- Improved commercial revenue year-over-year
- Consistent adjusted net earnings performance
- Increased share repurchase activity and dividend payment
Challenges Ahead
- Year-over-year decline in net earnings due to mark-to-market effects
- F&G gross sales down 17% due to MYGA reduction
- Market-related liability adjustments impacted F&G earnings
- Total revenue declined from prior year quarter
- Investment income from alternatives below expectations