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Dec 31, 2021

Fidelity National Financial Q4 2021 Earnings Report

Reported financial results for the fourth quarter and full year ended December 31, 2021.

Key Takeaways

Fidelity National Financial reported strong Q4 2021 results, with adjusted net earnings increasing by 5% year-over-year, driven by record title revenue, strong pre-tax title margin, and F&G's sales boosting asset growth. Total revenue increased by 27% to $4.8 billion.

Adjusted net earnings increased 5% over fourth quarter 2020 and 49% over full year 2020, driven by Title’s record top line performance and industry leading margins, F&G’s record sales boosting asset growth, and strong execution across the team

Total revenue of $4.8 billion for the quarter, a 27% increase over fourth quarter 2020

F&G total sales of $2.2 billion for the fourth quarter, a 50% increase over fourth quarter 2020

FNF repurchased 2.1 million shares for a total $104 million in the fourth quarter

Total Revenue
$4.8B
Previous year: $3.77B
+27.2%
EPS
$2.16
Previous year: $2.01
+7.5%
Adjusted Pre-Tax Title Margin
22.4%
Previous year: 22.7%
-1.3%
Commercial Revenue
$546M
Previous year: $322M
+69.6%
Gross Profit
$13.4B
Previous year: $9.02B
+48.4%
Cash and Equivalents
$47.1B
Previous year: $2.72B
+1633.5%
Total Assets
$60.7B
Previous year: $50.5B
+20.3%

Fidelity National Financial

Fidelity National Financial

Fidelity National Financial Revenue by Segment

Forward Guidance

FNF did not provide specific forward guidance in this earnings report. The report highlights the company's positioning for continued strong asset growth and earnings delivery through varying market cycles.

Revenue & Expenses

Visualization of income flow from segment revenue to net income