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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Statement of Comprehensive Income [Abstract]        
Net earnings $ 343 $ 243 $ 612 $ 155
Other comprehensive (loss) earnings:        
Unrealized (loss) gain on investments and other financial instruments (excluding investments in unconsolidated affiliates) [1] (163) (175) (168) 172
Unrealized gain (loss) on investments in unconsolidated affiliates [2] 5 (5) 18 6
Unrealized (loss) gain on foreign currency translation [3] (3) 4 (9) 6
Reclassification adjustments for change in unrealized gains and losses included in net earnings [4] (19) 42 (6) 78
Changes in current discount rate - future policy benefits [5] 92 57 183 (43)
Changes in instrument-specific credit risk - market risk benefits [6] 19 (4) 20 3
Other comprehensive loss attributable to non-controlling interest [7] 11 10 (6) (33)
Other comprehensive (loss) earnings (58) (71) 32 189
Comprehensive earnings 285 172 644 344
Less: Comprehensive earnings (loss) attributable to non-controlling interests 37 24 58 (5)
Comprehensive earnings attributable to Fidelity National Financial, Inc. common shareholders $ 248 $ 148 $ 586 $ 349
[1] Net of income tax (benefit) expense of $(42) million and $(28) million for the three months ended June 30, 2024 and 2023, respectively, and $(42) million and $35 million for the six months ended June 30, 2024 and 2023, respectively.
[2] Net of income tax expense (benefit) of $1 million and $(1) million for the three months ended June 30, 2024 and 2023, respectively, and $5 million and $2 million for the six months ended June 30, 2024 and 2023, respectively.
[3] Net of income tax (benefit) expense of $(1) million and less than $1 million for the three months ended June 30, 2024 and 2023, respectively, and $(2) million and $1 million for the six months ended June 30, 2024 and 2023, respectively.
[4] Net of income tax (benefit) expense of $(5) million and $11 million for the three months ended June 30, 2024 and 2023, respectively, and $(1) million and $21 million for the six months ended June 30, 2024 and 2023, respectively.
[5] Net of income tax expense (benefit) of $25 million and $15 million for the three months ended June 30, 2024 and 2023, respectively, and $49 million and $(12) million for the six months ended June 30, 2024 and 2023, respectively.
[6] Net of income tax expense (benefit) of less than $5 million and $(1) million for the three months ended June 30, 2024 and 2023, respectively, and $5 million and $1 million for the six months ended June 30, 2024 and 2023, respectively.
[7] Net of income tax expense (benefit) of $3 million and $3 million for the three months ended June 30, 2024 and 2023, respectively, and $(2) million and $(9) million for the six months ended June 30, 2024 and 2023, respectively.