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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Direct title insurance premiums $ 524 $ 688 $ 1,493 $ 2,314
Agency title insurance premiums 728 966 1,991 3,268
Escrow, title-related and other fees 1,196 1,371 3,288 3,449
Interest and investment income 686 411 1,915 1,352
Recognized gains and losses, net (356) (230) (367) (1,375)
Total revenues 2,778 3,206 8,320 9,008
Expenses:        
Personnel costs 734 796 2,166 2,458
Agent commissions 564 747 1,534 2,521
Other operating expenses 380 430 1,134 1,329
Benefits and other changes in policy reserves 292 570 1,921 396
Market risk benefit (gains) losses (49) (68) (20) (187)
Depreciation and amortization 153 126 438 361
Provision for title claim losses 57 74 157 251
Interest expense 44 28 129 89
Total expenses 2,175 2,703 7,459 7,218
Earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates 603 503 861 1,790
Income tax expense 141 136 245 494
Earnings before equity in earnings of unconsolidated affiliates 462 367 616 1,296
Equity in earnings of unconsolidated affiliates 15 0 16 16
Net earnings 477 367 632 1,312
Less: Net earnings attributable to non-controlling interests 51 5 46 13
Net earnings attributable to Fidelity National Financial, Inc. common shareholders $ 426 $ 362 $ 586 $ 1,299
Basic        
Net earnings per share from continuing operations attributable to common shareholders (in usd per share) $ 1.58 $ 1.33 $ 2.17 $ 4.69
Net earnings per share attributable to common shareholders, basic (in usd per share) 1.58 1.33 2.17 4.69
Diluted        
Net earnings per share from continuing operations attributable to common shareholders (in usd per share) 1.57 1.32 2.16 4.66
Net earnings per share attributable to common shareholders, diluted (in usd per share) $ 1.57 $ 1.32 $ 2.16 $ 4.66
Weighted average common shares outstanding - basic (in shares) 270 273 270 277
Weighted average common shares outstanding - diluted (in shares) 271 275 271 279