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Sep 30, 2023
Fidelity National Financial Q3 2023 Earnings Report
Fidelity National Financial reported third quarter results with EPS of $1.57 and adjusted EPS of $1.23.
Key Takeaways
Fidelity National Financial reported net earnings attributable to common shareholders for the third quarter of $426 million, or $1.57 per diluted share, compared to $362 million, or $1.32 per share, for the third quarter of 2022. Adjusted net earnings attributable to common shareholders for the third quarter was $333 million, or $1.23 per share, compared to $272 million, or $0.99 per share, for the third quarter of 2022.
Title Segment total revenue of $1.9 billion, an 18% decrease from the third quarter of 2022.
F&G Segment gross sales of $2.8 billion, a 3% decrease from the third quarter of 2022.
F&G achieved record assets under management (AUM) of $47.4 billion as of September 30, 2023.
FNF paid common dividends of $0.45 per share for $123 million and ended the third quarter with $949 million in cash and short-term liquid investments at the holding company
Revenue by Segment
Forward Guidance
Company maintained excess liquidity given the impact of higher rates on the real estate market and the risk that interest rates could stay higher for a prolonged period.
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
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