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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS (LOSS) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Statement of Comprehensive Income [Abstract]        
Net earnings $ 243 $ 543 $ 155 $ 945
Other comprehensive (loss) earnings:        
Unrealized (loss) gain on investments and other financial instruments, net of adjustments to intangible assets and unearned revenue (excluding investments in unconsolidated affiliates) [1] (175) (1,905) 172 (3,809)
Unrealized (loss) gain on investments in unconsolidated affiliates [2] (5) 1 6 7
Unrealized gain (loss) on foreign currency translation [3] 4 (9) 6 (11)
Reclassification adjustments for change in unrealized gains and losses included in net earnings [4] 42 27 78 53
Changes in current discount rate - future policy benefits [5] 57 310 (43) 602
Change in instrument-specific credit risk - market risk benefits [6] (4) 50 3 83
Other comprehensive earnings (loss) attributable to non-controlling interest [7] 10 0 (33) 0
Other comprehensive (loss) earnings (71) (1,526) 189 (3,075)
Comprehensive earnings (loss) 172 (983) 344 (2,130)
Less: Comprehensive earnings (loss) attributable to non-controlling interests 24 6 (5) 8
Comprehensive earnings (loss) attributable to Fidelity National Financial, Inc. common shareholders $ 148 $ (989) $ 349 $ (2,138)
[1] Net of income tax (benefit) expense of $(28) million and $(502) million for the three months ended June 30, 2023 and 2022, respectively, and $35 million and $(892) million for the six months periods ended June 30, 2023 and 2022, respectively.
[2] Net of income tax (benefit) expense of $(1) million and for the three months ended June 30, 2023 and $2 million for the six months ended June 30, 2023 and 2022.
[3] Net of income tax expense (benefit) of less than $1 million and $(3) million for the three months ended June 30, 2023 and 2022, respectively, and $1 million and $(3) million for the six months ended June 30, 2023 and 2022, respectively.
[4] Net of income tax expense of $11 million and $7 million for the three months ended June 30, 2023 and 2022, respectively, and $21 million and $14 million for the six months ended June 30, 2023 and 2022, respectively.
(5)Net of income tax expense (benefit) of $15 million and $82 million for the three months ended June 30, 2023 and 2022, respectively, and $(12) million and $160 million for the six months ended June 30, 2023 and 2022, respectively.
(6)Net of income tax (benefit) expense of $(1) million and $13 million for the three months ended June 30, 2023 and 2022, respectively, and $1 million and $22 million for the six months ended June 30, 2023 and 2022, respectively.
(7)Net of income tax expense (benefit) of $3 million and $(9) million for the three and six months ended June 30, 2023, respectively.
[5] Net of income tax expense (benefit) of $15 million and $82 million for the three months ended June 30, 2023 and 2022, respectively, and $(12) million and $160 million for the six months ended June 30, 2023 and 2022, respectively.
[6] Net of income tax (benefit) expense of $(1) million and $13 million for the three months ended June 30, 2023 and 2022, respectively, and $1 million and $22 million for the six months ended June 30, 2023 and 2022, respectively.
[7] Net of income tax expense (benefit) of $3 million and $(9) million for the three and six months ended June 30, 2023, respectively.