XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Direct title insurance premiums $ 541 $ 859 $ 969 $ 1,626
Agency title insurance premiums 713 1,203 1,263 2,302
Escrow, title-related and other fees 1,212 786 2,092 2,078
Interest and investment income 618 463 1,229 941
Recognized gains and losses, net (16) (676) (11) (1,145)
Total revenues 3,068 2,635 5,542 5,802
Expenses:        
Personnel costs 755 839 1,432 1,662
Agent commissions 550 930 970 1,774
Other operating expenses 394 457 754 899
Benefits and other changes in policy reserves 817 (377) 1,629 (174)
Market risk benefit (gains) losses (30) (189) 29 (119)
Depreciation and amortization 151 120 285 235
Provision for title claim losses 56 93 100 177
Interest expense 43 31 85 61
Total expenses 2,736 1,904 5,284 4,515
Earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates 332 731 258 1,287
Income tax expense 90 202 104 358
Earnings before equity in earnings of unconsolidated affiliates 242 529 154 929
Equity in earnings of unconsolidated affiliates 1 14 1 16
Net earnings 243 543 155 945
Less: Net earnings (loss) attributable to non-controlling interests 24 6 (5) 8
Net earnings attributable to Fidelity National Financial, Inc. common shareholders $ 219 $ 537 $ 160 $ 937
Basic        
Net earnings per share from continuing operations attributable to common shareholders (in usd per share) $ 0.81 $ 1.93 $ 0.59 $ 3.36
Net earnings per share attributable to common shareholders, basic (in usd per share) 0.81 1.93 0.59 3.36
Diluted        
Net earnings per share from continuing operations attributable to common shareholders (in usd per share) 0.81 1.92 0.59 3.33
Net earnings per share attributable to common shareholders, diluted (in usd per share) $ 0.81 $ 1.92 $ 0.59 $ 3.33
Weighted average common shares outstanding - basic (in shares) 270 278 270 279
Weighted average common shares outstanding - diluted (in shares) 271 279 271 281