Fidelity National Financial Q3 2022 Earnings Report
Key Takeaways
Fidelity National Financial reported net earnings attributable to common shareholders for the third quarter of $289 million, or $1.05 per diluted share, compared to $732 million, or $2.57 per share, for the third quarter of 2021. Total revenue was $3.2 billion. The decrease from the prior year quarter was primarily a result of Title’s considerable decline in refinance volume and moderating residential purchase volume; partially offset by higher average fee per file and healthy volume of commercial orders closed, and lower earnings from F&G.
Title segment total revenue of $2.3 billion.
Total gross sales of $2.9 billion for F&G.
FNF repurchased 5.3 million shares for $205 million in the third quarter and paid common dividends at $0.44 per share for $120 million.
FNF ended the third quarter with $1.1 billion in cash and short-term liquid investments at the holding company.
Fidelity National Financial
Fidelity National Financial
Fidelity National Financial Revenue by Segment
Forward Guidance
FNF remains on track to dividend 15% of F&G to FNF shareholders over the coming weeks.
Revenue & Expenses
Visualization of income flow from segment revenue to net income