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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Direct title insurance premiums $ 859 $ 904 $ 1,626 $ 1,650
Agency title insurance premiums 1,203 1,256 2,302 2,314
Escrow, title-related and other fees 782 948 2,072 1,799
Interest and investment income 463 514 941 916
Recognized gains and losses, net (676) 232 (1,145) 275
Total revenues 2,631 3,854 5,796 6,954
Expenses:        
Personnel costs 839 890 1,662 1,702
Agent commissions 930 970 1,774 1,777
Other operating expenses 457 476 899 934
Benefits and other changes in policy reserves (418) 575 (210) 549
Depreciation and amortization 161 105 343 288
Provision for title claim losses 93 97 177 178
Interest expense 31 28 61 56
Total expenses 2,093 3,141 4,706 5,484
Earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates 538 713 1,090 1,470
Income tax expense 164 176 319 342
Earnings before equity in earnings of unconsolidated affiliates 374 537 771 1,128
Equity in earnings of unconsolidated affiliates 14 14 16 27
Net earnings from continuing operations 388 551 787 1,155
Net earnings from discontinued operations, net of tax 0 6 0 11
Net earnings 388 557 787 1,166
Less: Net earnings attributable to non-controlling interests 6 5 8 9
Net earnings attributable to Fidelity National Financial, Inc. common shareholders $ 382 $ 552 $ 779 $ 1,157
Basic        
Net earnings per share from continuing operations attributable to common shareholders (in usd per share) $ 1.37 $ 1.91 $ 2.79 $ 3.99
Net earnings per share from discontinued operations attributable to common shareholders (in usd per share) 0 0.02 0 0.04
Net earnings per share attributable to common shareholders, basic (in usd per share) 1.37 1.93 2.79 4.03
Diluted        
Net earnings per share from continuing operations attributable to common shareholders (in usd per share) 1.37 1.90 2.77 3.96
Net earnings per share from discontinued operations attributable to common shareholders (in usd per share) 0 0.02 0 0.04
Net earnings per share attributable to common shareholders, diluted (in usd per share) $ 1.37 $ 1.92 $ 2.77 $ 4.00
Weighted average common shares outstanding - basic (in shares) 278 286 279 287
Weighted average common shares outstanding - diluted (in shares) 279 288 281 289