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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Direct title insurance premiums $ 428 $ 767
Agency title insurance premiums 550 1,099
Escrow, title-related and other fees 880 1,292
Interest and investment income 611 478
Recognized gains and losses, net 5 (469)
Total revenues 2,474 3,167
Expenses:    
Personnel costs 677 823
Agent commissions 420 844
Other operating expenses 360 442
Benefits and other changes in policy reserves 812 203
Market risk benefit losses 59 70
Depreciation and amortization 134 115
Provision for title claim losses 44 84
Interest expense 42 30
Total expenses 2,548 2,611
(Loss) earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates (74) 556
Income tax expense 14 156
(Loss) earnings before equity in earnings of unconsolidated affiliates (88) 400
Equity in (loss) earnings of unconsolidated affiliates 0 2
Net (loss) earnings (88) 402
Less: Net (loss) earnings attributable to non-controlling interests (29) 2
Net (loss) earnings attributable to Fidelity National Financial, Inc. common shareholders $ (59) $ 400
Basic    
Net earnings per share from continuing operations attributable to common shareholders (in usd per share) $ (0.22) $ 1.42
Net earnings per share attributable to common shareholders, basic (in usd per share) (0.22) 1.42
Diluted    
Net earnings per share from continuing operations attributable to common shareholders (in usd per share) (0.22) 1.41
Net earnings per share attributable to common shareholders, diluted (in usd per share) $ (0.22) $ 1.41
Weighted average common shares outstanding - basic (in shares) 270 281
Weighted average common shares outstanding - diluted (in shares) 271 283