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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Direct title insurance premiums $ 904 $ 575 $ 1,650 $ 1,121
Agency title insurance premiums 1,256 784 2,314 1,516
Escrow, title-related and other fees 948 747 1,799 1,348
Interest and investment income 514 152 916 205
Recognized gains and losses, net 232 162 275 (158)
Total revenues 3,854 2,420 6,954 4,032
Expenses:        
Personnel costs 890 692 1,702 1,306
Agent commissions 970 598 1,777 1,158
Other operating expenses 476 446 934 857
Benefits and other changes in policy reserves 575 155 549 155
Depreciation and amortization 105 46 288 89
Provision for title claim losses 97 61 178 119
Interest expense 28 21 56 33
Total expenses 3,141 2,019 5,484 3,717
Earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates 713 401 1,470 315
Income tax expense 176 89 342 61
Earnings before equity in earnings of unconsolidated affiliates 537 312 1,128 254
Equity in earnings of unconsolidated affiliates 14 1 27 2
Net earnings from continuing operations 551 313 1,155 256
Net earnings from discontinued operations, net of tax 6 5 11 5
Net earnings 557 318 1,166 261
Less: Net earnings attributable to non-controlling interests 5 9 9 13
Net earnings attributable to Fidelity National Financial, Inc. common shareholders $ 552 $ 309 $ 1,157 $ 248
Basic        
Net earnings per share from continuing operations attributable to common shareholders (in usd per share) $ 1.91 $ 1.10 $ 3.99 $ 0.88
Net earnings per share from discontinued operations attributable to common shareholders (in usd per share) 0.02 0.02 0.04 0.02
Net earnings (loss) per share attributable to common shareholders, basic (in usd per share) 1.93 1.12 4.03 0.90
Diluted        
Net earnings per share from continuing operations attributable to common shareholders (in usd per share) 1.90 1.09 3.96 0.87
Net earnings per share from discontinued operations attributable to common shareholders (in usd per share) 0.02 0.02 0.04 0.02
Net earnings per share attributable to common shareholders, diluted (in usd per share) $ 1.92 $ 1.11 $ 4.00 $ 0.89
Weighted average common shares outstanding - basic (in shares) 286 277 287 275
Weighted average common shares outstanding - diluted (in shares) 288 279 289 278