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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Direct title insurance premiums $ 564 $ 541 $ 1,004 $ 969
Agency title insurance premiums 784 713 1,377 1,263
Escrow, title-related and other fees 1,115 1,212 2,396 2,092
Interest and investment income 783 618 1,493 1,229
Recognized gains and losses, net (88) (16) 187 (11)
Total revenues 3,158 3,068 6,457 5,542
Expenses:        
Personnel costs 779 755 1,506 1,432
Agent commissions 609 550 1,069 970
Other operating expenses 387 394 756 754
Benefits and other changes in policy reserves 608 817 1,769 1,629
Market risk benefit losses (gains) 20 (30) 9 29
Depreciation and amortization 189 151 356 285
Provision for title claim losses 61 56 107 100
Interest expense 47 43 96 85
Total expenses 2,700 2,736 5,668 5,284
Earnings before income taxes and equity in earnings of unconsolidated affiliates 458 332 789 258
Income tax expense 116 90 179 104
Earnings before equity in earnings of unconsolidated affiliates 342 242 610 154
Equity in earnings of unconsolidated affiliates 1 1 2 1
Net earnings 343 243 612 155
Less: Net earnings (loss) attributable to non-controlling interests 37 24 58 (5)
Net earnings attributable to Fidelity National Financial, Inc. common shareholders $ 306 $ 219 $ 554 $ 160
Earnings per share        
Net earnings per share attributable to common shareholders, basic (in dollars per share) $ 1.13 $ 0.81 $ 2.04 $ 0.59
Net earnings per share attributable to common shareholders, diluted (in dollars per share) $ 1.12 $ 0.81 $ 2.04 $ 0.59
Weighted average common shares outstanding - basic (in shares) 271 270 271 270
Weighted average common shares outstanding - diluted (in shares) 273 271 272 271