Business
FNF Reports First Quarter 2025 Financial Results
Fidelity National Financial, Inc. (NYSE:FNF) ("FNF" or the "Company"), a leading provider of title insurance and transaction services to the real estate and mortgage industries and a leading provider of insurance solutions serving retail annuity and life customers and institutional clients through its majority-owned, publicly traded subsidiary F&G Annuities & Life, Inc. (NYSE:FG) ("F&G"), today reported financial results for the first quarter ended March 31, 2025.
About this update from Fidelity National Financial, Inc.
[{"type":"text","content":"JACKSONVILLE, Fla., May 7, 2025 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE:FNF) ("FNF" or the "Company"), a leading provider of title insurance and transaction services to the real estate and mortgage industries and a leading provider of insurance solutions serving retail annuity and life customers and institutional clients through its majority-owned, publicly traded subsidiary F&G Annuities & Life, Inc. (NYSE:FG) ("F&G"), today reported financial results for the first quarter ended March 31, 2025.","length":563,"tagName":"p"},{"type":"text","content":"Net earnings attributable to common shareholders for the first quarter were $83 million, or $0.30 per diluted share (per share), compared to net earnings of $248 million, or $0.91 per share, for the first quarter of 2024. Net earnings attributable to common shareholders include mark-to-market effects and non-recurring items; all of which are excluded from adjusted net earnings attributable to common shareholders.","length":416,"tagName":"p","attribs":{}},{"type":"text","content":"Adjusted net earnings attributable to common shareholders (adjusted net earnings) for the first quarter were $213 million, or $0.78 per share, compared to $206 million, or $0.76 per share, for the first quarter of 2024.","length":219,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"The Title Segment contributed $158 million for the first quarter, compared to $130 million for the first quarter of 2024","length":120,"tagName":"p"}]},{"val":[{"type":"text","content":"The F&G Segment contributed $80 million for the first quarter, compared to $95 million for the first quarter of 2024","length":120,"tagName":"p"}]},{"val":[{"type":"text","content":"The Corporate Segment, before eliminating dividend income from F&G in the consolidated financial statements, had adjusted net earnings of $3 million for the first quarter, compared to $8 million for the first quarter of 2024","length":228,"tagName":"p"}]},{"val":[{"type":"text","content":"FNF's consolidated adjusted net earnings include significant income and expense items in the F&G Segment, as well as alternative investment portfolio returns from short-term mark-to-market movement that differ from long-term return expectations. Please see "Segment F...