Fidelity National Financial, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 04:19 pm EST
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Fidelity National Financial, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 2,778 million compared to USD 3,206 million a year ago. Net income was USD 426 million compared to USD 362 million a year ago. Basic earnings per share from continuing operations was USD 1.58 compared to USD 1.33 a year ago. Diluted earnings per share from continuing operations was USD 1.57 compared to USD 1.32 a year ago.
For the nine months, revenue was USD 8,320 million compared to USD 9,008 million a year ago. Net income was USD 586 million compared to USD 1,299 million a year ago. Basic earnings per share from continuing operations was USD 2.17 compared to USD 4.69 a year ago. Diluted earnings per share from continuing operations was USD 2.16 compared to USD 4.66 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.