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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS (LOSS) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Statement of Comprehensive Income [Abstract]        
Net earnings $ 477 $ 367 $ 632 $ 1,312
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] (676) (1,235) (505) (5,044)
Other comprehensive earnings — unrealized gain on investments in unconsolidated affiliates [2] 3 2 9 9
Unrealized gain (loss) on foreign currency translation [3] (7) (16) (1) (27)
Reclassification adjustments for change in unrealized gains and losses included in net earnings [4] 12 35 90 88
Changes in current discount rate - future policy benefits [5] 229 247 186 849
Change in instrument-specific credit risk - market risk benefits [6] (10) 15 (7) 98
Other comprehensive earnings (loss) attributable to non-controlling interest [7] 63 0 31 0
Other comprehensive loss (386) (952) (197) (4,027)
Comprehensive earnings (loss) 91 (585) 435 (2,715)
Less: Comprehensive earnings attributable to non-controlling interests 51 5 46 13
Comprehensive earnings (loss) attributable to Fidelity National Financial, Inc. common shareholders $ 40 $ (590) $ 389 $ (2,728)
[1] Net of income tax benefit of $172 million and $345 million for the three months ended September 30, 2023 and 2022, respectively, and $126 million and $1,236 million for the nine months periods ended September 30, 2023 and 2022, respectively.
[2] Net of income tax expense of $1 million and $1 million for the three months ended September 30, 2023 and 2022, respectively, and $2 million and $1 million for the nine months ended September 30, 2023 and 2022.
[3] Net of income tax benefit of $2 million and $5 million for the three months ended September 30, 2023 and 2022, respectively, and $9 million for the nine months ended 2022.
[4] Net of income tax expense of $2 million and $10 million for the three months ended September 30, 2023 and 2022, respectively, and $22 million and $23 million for the nine months ended September 30, 2023 and 2022, respectively.
(5)Net of income tax expense of $61 million and $66 million for the three months ended September 30, 2023 and 2022, respectively, and $49 million and $226 million for the nine months ended September 30, 2023 and 2022, respectively.
(6)Net of income tax (benefit) expense of $(3) million and $4 million for the three months ended September 30, 2023 and 2022, respectively, and $(2) million and $26 million for the nine months ended September 30, 2023 and 2022, respectively.
(7)Net of income tax expense of $17 million and $9 million for the three and nine months ended September 30, 2023, respectively.
[5] Net of income tax expense of $61 million and $66 million for the three months ended September 30, 2023 and 2022, respectively, and $49 million and $226 million for the nine months ended September 30, 2023 and 2022, respectively.
[6] Net of income tax (benefit) expense of $(3) million and $4 million for the three months ended September 30, 2023 and 2022, respectively, and $(2) million and $26 million for the nine months ended September 30, 2023 and 2022, respectively.
[7] Net of income tax expense of $17 million and $9 million for the three and nine months ended September 30, 2023, respectively.