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Fidelity National Financial, Inc. (FNF)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:          
Direct title insurance premiums  2,858.03,571.02,699.0     
Agency title insurance premiums  3,976.04,982.03,599.0     
Interest and investment income  1,891.01,961.0900.0225.0177.0131.0126.0121.0
Recognized gains and losses, net  -1,493.0334.0488.0318.0-109.02.0-8.0 
    Total revenues  2,232.02,821.02,399.02,122.02,216.07,663.07,257.06,664.0
            Total revenues growth  -20.9%17.6%13.1%-4.2%-71.1%5.6%8.9%-16.9%
Expenses:          
Personnel costs  3,192.03,528.02,951.02,696.02,538.02,460.02,275.02,137.0
Agent commissions  3,064.03,821.02,749.02,258.02,059.02,089.01,998.01,731.0
Other operating expenses  1,721.01,929.01,759.01,681.01,801.01,781.01,648.01,557.0
Benefits and other changes in policy reserves  1,125.02,138.0866.0     
Depreciation and amortization  496.0645.0296.0178.0182.0183.0160.0150.0
Provision for title claim losses  308.0385.0283.0     
Interest expense  -115.0-114.0-90.0-47.0-43.0-48.0-64.0-73.0
    Total expenses  20,711.012,560.018,804.015,772.015,407.015,274.014,189.013,176.0
    Earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates  1,535.03,083.01,784.01,369.0750.0864.0955.0770.0
Income tax expense  398.0713.0322.0308.0120.0235.0347.0274.0
            Tax rate  25.9%23.1%18.0%22.5%16.0%27.2%36.3%35.6%
Equity in earnings of unconsolidated affiliates  -15.064.015.015.05.010.014.05.0
    Net earnings  1,152.02,442.02,929.01,076.0635.0794.0692.0561.0
Less: Net earnings (loss) attributable to non-controlling interests  16.020.025.014.07.023.042.034.0
    Net earnings attributable to Fidelity National Financial, Inc. common shareholders  1,136.02,422.01,427.01,062.0628.0771.0650.0527.0
   
Earnings per share          
Basic          
   
    Net earnings per share attributable to common shareholders, basic  $4.13$8.50$5.02$3.89$2.30   
   
Diluted          
Net earnings per share from continuing operations attributable to common shareholders  0.00.00.00.00.0 0.00.0
    Net earnings per share attributable to common shareholders, diluted  $4.10$8.44$4.99$3.83$2.26 $2.34$1.89
   
Weighted average common shares outstanding - basic (in shares)  275.0285.0284.0273.0273.0336.0339.0356.0
Weighted average common shares outstanding - diluted (in shares)  277.0287.0286.0277.0278.0345.0350.0368.0

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