XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Direct title insurance premiums $ 767 $ 746
Agency title insurance premiums 1,099 1,058
Escrow, title-related and other fees 1,290 851
Interest and investment income 478 402
Recognized gains and losses, net (469) 43
Total revenues 3,165 3,100
Expenses:    
Personnel costs 823 812
Agent commissions 844 807
Other operating expenses 442 458
Benefits and other changes in policy reserves 208 (26)
Depreciation and amortization 182 183
Provision for title claim losses 84 81
Interest expense 30 28
Total expenses 2,613 2,343
Earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates 552 757
Income tax expense 155 166
Earnings before equity in earnings of unconsolidated affiliates 397 591
Equity in earnings of unconsolidated affiliates 2 13
Net earnings from continuing operations 399 604
Net earnings from discontinued operations, net of tax 0 5
Net earnings 399 609
Less: Net earnings attributable to non-controlling interests 2 4
Net earnings attributable to Fidelity National Financial, Inc. common shareholders $ 397 $ 605
Basic    
Net earnings per share from continuing operations attributable to common shareholders (in usd per share) $ 1.41 $ 2.07
Net earnings per share from discontinued operations attributable to common shareholders (in usd per share) 0 0.02
Net earnings per share attributable to common shareholders, basic (in usd per share) 1.41 2.09
Diluted    
Net earnings per share from continuing operations attributable to common shareholders (in usd per share) 1.40 2.06
Net earnings per share from discontinued operations attributable to common shareholders (in usd per share) 0 0.02
Net earnings per share attributable to common shareholders, diluted (in usd per share) $ 1.40 $ 2.08
Weighted average common shares outstanding - basic (in shares) 281 289
Weighted average common shares outstanding - diluted (in shares) 283 291