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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Direct title insurance premiums $ 896 $ 733 $ 2,546 $ 1,854
Agency title insurance premiums 1,318 981 3,632 2,497
Escrow, title-related and other fees 1,324 853 3,123 2,201
Interest and investment income 508 336 1,424 541
Recognized gains and losses, net (154) 73 121 (85)
Total revenues 3,892 2,976 10,846 7,008
Expenses:        
Personnel costs 894 782 2,596 2,088
Agent commissions 1,010 749 2,787 1,907
Other operating expenses 498 449 1,432 1,306
Benefits and other changes in policy reserves 185 251 734 406
Depreciation and amortization 252 100 540 189
Provision for title claim losses 100 77 278 196
Interest expense 27 29 83 62
Total expenses 2,966 2,437 8,450 6,154
Earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates 926 539 2,396 854
Income tax expense 213 133 555 194
Earnings before equity in earnings of unconsolidated affiliates 713 406 1,841 660
Equity in earnings of unconsolidated affiliates 27 7 54 9
Net earnings from continuing operations 740 413 1,895 669
Net (loss) earnings from discontinued operations, net of tax (3) (28) 8 (23)
Net earnings 737 385 1,903 646
Less: Net earnings attributable to non-controlling interests 5 7 14 20
Net earnings attributable to Fidelity National Financial, Inc. common shareholders $ 732 $ 378 $ 1,889 $ 626
Basic        
Net earnings per share from continuing operations attributable to common shareholders (in usd per share) $ 2.60 $ 1.40 $ 6.57 $ 2.32
Net (loss) earnings per share from discontinued operations attributable to common shareholders (in usd per share) (0.01) (0.10) 0.03 (0.08)
Net earnings (loss) per share attributable to common shareholders, basic (in usd per share) 2.59 1.30 6.60 2.24
Diluted        
Net earnings per share from continuing operations attributable to common shareholders (in usd per share) 2.58 1.39 6.53 2.29
Net (loss) earnings per share from discontinued operations attributable to common shareholders (in usd per share) (0.01) (0.10) 0.03 (0.08)
Net earnings per share attributable to common shareholders, diluted (in usd per share) $ 2.57 $ 1.29 $ 6.56 $ 2.21
Weighted average common shares outstanding - basic (in shares) 283 291 286 280
Weighted average common shares outstanding - diluted (in shares) 285 293 288 283