Fidelity National Financial, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 04:17 pm EDT
Share
Fidelity National Financial, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 3,068 million compared to USD 2,635 million a year ago. Net income was USD 219 million compared to USD 537 million a year ago. Basic earnings per share from continuing operations was USD 0.81 compared to USD 1.93 a year ago. Diluted earnings per share from continuing operations was USD 0.81 compared to USD 1.92 a year ago.
For the six months, revenue was USD 5,542 million compared to USD 5,802 million a year ago. Net income was USD 160 million compared to USD 937 million a year ago. Basic earnings per share from continuing operations was USD 0.59 compared to USD 3.36 a year ago. Diluted earnings per share from continuing operations was USD 0.59 compared to USD 3.33 a year ago.
Fidelity National Financial, Inc. is a title insurance company. The Company provides title insurance and transaction services to the real estate and mortgage industries. It has three segments: Title, F&G, and Corporate and Other. Title segment consists of the operations of its title insurance underwriters and related businesses, which provide title insurance and escrow and other title-related services, including trust activities, trustee sales guarantees, and home warranty products. This segment also includes its transaction services business, which includes other title-related services used in the production and management of mortgage loans, including mortgage loans that experience default. F&G segment primarily consists of operations of its annuities and life insurance related businesses. This segment issues a portfolio of annuity and life insurance products through its retail distribution channels. Corporate and Other segment consists of the operations of the parent holding company.