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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Statement of Comprehensive Income [Abstract]        
Net earnings $ 271 $ 477 $ 883 $ 632
Other comprehensive earnings (loss):        
Unrealized gain (loss) on investments and other financial instruments (excluding investments in unconsolidated affiliates) [1] 1,082 (676) 913 (505)
Unrealized gain on investments in unconsolidated affiliates [2] 5 3 23 9
Unrealized gain (loss) on foreign currency translation [3] 5 (7) (3) (1)
Reclassification adjustments for change in unrealized gains and losses included in net earnings [4] 2 12 (4) 90
Changes in current discount rate - future policy benefits [5] (293) 229 (110) 186
Changes in instrument-specific credit risk - market risk benefits [6] (25) (10) (5) (7)
Other comprehensive (loss) earnings attributable to non-controlling interest [7] (112) 63 (118) 31
Other comprehensive earnings (loss) 664 (386) 696 (197)
Comprehensive earnings 935 91 1,579 435
Less: Comprehensive earnings attributable to non-controlling interests 5 51 63 46
Comprehensive earnings attributable to Fidelity National Financial, Inc. common shareholders $ 930 $ 40 $ 1,516 $ 389
[1] Net of income tax expense (benefit) of $262 million and $(172) million for the three months ended September 30, 2024 and 2023, respectively, and $220 million and $(126) million for the nine months ended September 30, 2024 and 2023, respectively.
[2] Net of income tax expense of $1 million and $1 million for the three months ended September 30, 2024 and 2023, respectively, and $6 million and $2 million for the nine months ended September 30, 2024 and 2023, respectively.
[3] Net of income tax expense (benefit) of $2 million and $(2) million for the three months ended September 30, 2024 and 2023, respectively, and $(9) million for the nine months ended September 30, 2023.
[4] Net of income tax expense (benefit) of $2 million for the three months ended September 30, 2023, and $(1) million and $22 million for the nine months ended September 30, 2024 and 2023, respectively.
[5] Net of income tax (benefit) expense of $(78) million and $61 million for the three months ended September 30, 2024 and 2023, respectively, and $(29) million and $49 million for the nine months ended September 30, 2024 and 2023, respectively.
[6] Net of income tax benefit of $6 million and $3 million for the three months ended September 30, 2024 and 2023, respectively, and $1 million and $2 million for the nine months ended September 30, 2024 and 2023, respectively.
[7] Net of income tax (benefit) expense of $(28) million and $17 million for the three months ended September 30, 2024 and 2023, respectively, and $(30) million and $9 million for the nine months ended September 30, 2024 and 2023, respectively.