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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Statement of Comprehensive Income [Abstract]        
Net earnings $ 557 $ 318 $ 1,166 $ 261
Other comprehensive earnings (loss):        
Unrealized gain (loss) on investments and other financial instruments, net of adjustments to intangible assets and unearned revenue (excluding investments in unconsolidated affiliates) [1] 377 389 (168) 380
Unrealized gain on investments in unconsolidated affiliates [2] 0 0 9 7
Unrealized gain (loss) on foreign currency translation [3] 2 5 0 (4)
Reclassification adjustments for change in unrealized gains and losses included in net earnings (5) [4] 4 [4] (51) 0
Change in reinsurance liabilities held at fair value resulting from a change in the instrument-specific credit risk 0 3 0 3
Other comprehensive earnings (loss) 374 401 (210) 386
Comprehensive earnings 931 719 956 647
Less: Comprehensive earnings attributable to non-controlling interests 5 9 9 13
Comprehensive earnings attributable to Fidelity National Financial, Inc. common shareholders $ 926 $ 710 $ 947 $ 634
[1] Net of income tax expense (benefit) of $100 million and $121 million for the three-month periods ended June 30, 2021 and 2020, respectively, and $(46) million and $118 million for the six-month periods ended June 30, 2021 and 2020, respectively.
[2] Net of income tax expense of $3 million and $2 million for the six-month periods ended June 30, 2021 and 2020, respectively.
[3] Net of income tax expense (benefit) of less than $1 million and $2 million for the three-month periods ended June 30, 2021 and 2020, respectively and less than $(1) million for the six-month periods ended June 30, 2021 and 2020, respectively.
[4] Net of income tax expense (benefit) of $1 million and $(1) million for the three-month periods ended June 30, 2021 and 2020, respectively, and $14 million and $0 million for the six-month periods ended June 30, 2021 and 2020, respectively.(5)Net of income tax expense of $1 million for the three and six-month periods ended June 30, 2020.