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Jun 30, 2024
Fidelity National Financial Q2 2024 Earnings Report
Fidelity National Financial reported financial results for the second quarter ended June 30, 2024.
Key Takeaways
Fidelity National Financial reported net earnings attributable to common shareholders of $306 million, or $1.12 per diluted share, for the second quarter of 2024. Adjusted net earnings were $338 million, or $1.24 per share. The Title Segment contributed $241 million, and the F&G Segment contributed $122 million.
Title Segment revenue and margin uplift; continue to successfully navigate current market.
F&G Segment sustainable sales growth across multi-channel platform and record assets under management.
Sustainable common dividend backed by strong balance sheet.
FNF paid common dividends of $0.48 per share for $131 million and ended the second quarter with $696 million in cash and short-term liquid investments at the holding company
Fidelity National Financial
Fidelity National Financial
Fidelity National Financial Revenue by Segment
Revenue by Segment
Title Segment Revenue
CapyFin.comF&G Segment Revenue
CapyFin.comCorporate and Other Revenue
CapyFin.com Forward Guidance
Our Title business continues to perform well, delivering an industry leading adjusted pre-tax Title margin of 16.2% for the second quarter, as compared to 15.8% in the year ago quarter, and demonstrating our disciplined operating strategy as we’ve adapted to the current market. While higher mortgage rates are impacting residential purchase volumes, F&G is benefiting from strong demand for its products given demographic tailwinds, prior investments in building out its multi-channel sales platform and continued strong investment performance.