Loading...
•
Sep 30, 2021
Fidelity National Financial Q3 2021 Earnings Report
Reported diluted EPS from continuing operations of $2.58 and adjusted diluted EPS from continuing operations of $2.12.
Key Takeaways
Fidelity National Financial reported a strong third quarter with revenue of $3.9 billion, a 31% increase compared to Q3 2020. Adjusted net earnings grew by 39% to $604 million. The company's Title segment delivered adjusted pre-tax earnings of $669 million, and F&G contributed 17% of FNF's consolidated results.
Total revenue increased by 31% to $3.9 billion compared to the third quarter of 2020.
Adjusted net earnings grew by 39% to $604 million compared to the third quarter of 2020.
Adjusted pre-tax title earnings reached $669 million with a margin of 21.7%.
F&G's total retail sales grew by 44% compared to the third quarter of 2020.
Revenue by Segment
Forward Guidance
FNF's capital allocation strategy remains a key focus, emphasizing returning capital to shareholders and strategic investments for profitable growth.
Positive Outlook
- FNF is positioned for success through varying market cycles.
- FNF's capital allocation strategy is focused on returning capital to shareholders.
- FNF is making strategic investments in its businesses to drive profitable growth.
- FNF recently announced a 10% increase in the quarterly dividend to $0.44 per share.
- FNF completed its previously announced $500 million share repurchase plan.
Challenges Ahead
- The ability of FNF to successfully integrate F&G's operations and employees.
- Potential impact of the consummation of the F&G transaction on relationships, including with employees, suppliers, customers and competitors.
- Changes in general economic, business, political and COVID-19 conditions, including changes in the financial markets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...