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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.
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
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.
- Weakness or adverse changes in the level of real estate activity, which may be caused by, among other things, high or increasing interest rates, a limited supply of mortgage funding or a weak U. S. economy.
- Significant competition that F&G and our operating subsidiaries face.
Revenue & Expenses
Visualization of income flow from segment revenue to net income