Fidelity National Financial(FNF)
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FNF Reports Fourth Quarter and Full Year 2024 Financial Results
Prnewswire· 2025-02-20 21:17
Core Insights - Fidelity National Financial, Inc. (FNF) reported strong financial results for Q4 and the full year 2024, with net earnings attributable to common shareholders of $450 million, or $1.65 per diluted share, compared to a net loss of $69 million, or $0.25 per share, in Q4 2023 [2][3] - The company achieved adjusted net earnings of $366 million, or $1.34 per share, for Q4 2024, up from $204 million, or $0.75 per share, in Q4 2023 [3][6] - For the full year 2024, FNF's total revenue reached $13.681 billion, a 16.4% increase from $11.752 billion in 2023 [6][32] Financial Performance - Total revenue for Q4 2024 was $3.621 billion, compared to $3.432 billion in Q4 2023, marking a 5.5% increase [6][15] - The Title Segment generated $2.0 billion in revenue for Q4 2024, a 17.6% increase from $1.7 billion in Q4 2023 [8][15] - F&G Segment achieved record gross sales of $15.3 billion for the full year 2024, a 16% increase over 2023 [12][16] Segment Contributions - The Title Segment contributed $263 million and $877 million for Q4 and full year 2024, respectively, compared to $174 million and $760 million in the same periods of 2023 [8][11] - The F&G Segment contributed $123 million and $475 million for Q4 and full year 2024, respectively, compared to $64 million and $285 million in 2023 [8][11] - F&G's assets under management (AUM) reached $65.3 billion at year-end 2024, a 17% increase from the previous year [5][16] Operational Efficiency - FNF achieved an industry-leading adjusted pre-tax Title margin of 16.6% for Q4 2024, compared to 11.8% in Q4 2023 [5][9] - The company has focused on operational efficiencies through its integrated operating platform, enhancing customer experience and exploring innovations such as generative AI tools [9][12] - The Title Segment's adjusted pre-tax earnings for the full year were $1.2 billion, up from $964 million in 2023 [15][32] Dividend and Cash Position - FNF paid common dividends of $0.50 per share, totaling $141 million in Q4 2024, and ended the year with $786 million in cash and short-term liquid investments [8][16] - The company maintains a strong balance sheet, supporting its sustainable dividend policy [8][12]
Fidelity National Financial Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call
Prnewswire· 2025-02-06 21:10
Group 1 - Fidelity National Financial, Inc. (FNF) will release its fourth quarter and full year 2024 earnings on February 20, 2025, after market close [1] - A conference call to discuss the earnings results will take place on February 21, 2025, at 11:00 a.m. Eastern Time [2] - FNF is a leading provider of title insurance and transaction services in the real estate and mortgage industries, and also offers insurance solutions through its subsidiary F&G Annuities & Life, Inc. [3] Group 2 - FNF is the largest title insurance company in the United States, issuing more title insurance policies than any other company through its various underwriters [3] - The company’s Investor Relations website will provide additional information regarding the quarterly financial results [2][5] - Access to the conference call can be made via internet webcast or telephone, with specific dial-in numbers provided for both domestic and international participants [5]
Fidelity National Financial: Buy High Quality At A Discount
Seeking Alpha· 2025-02-04 14:00
Core Insights - iREIT+HOYA Capital focuses on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1] Group 1 - The service offers a free two-week trial for potential investors to explore top ideas across exclusive income-focused portfolios [1] Group 2 - The analyst has over 14 years of investment experience and an MBA in Finance, focusing on defensive stocks with a medium- to long-term investment horizon [2]
IPX1031 Releases 2025 Trends: Key Insights for the CRE Market and 1031 Exchanges
Prnewswire· 2025-01-23 16:30
2025 Trends in 1031 Exchanges and Commercial Real EstateCHICAGO, Jan. 23, 2025 /PRNewswire/ -- Investment Property Exchange Services, Inc. (IPX1031), the national leader in 1031 Qualified Intermediary services, has released its annual 1031 trends, outlining the key developments expected in the commercial real estate (CRE) market and the 1031 Exchange landscape for 2025. As economic conditions and market dynamics evolve, staying informed on these trends is crucial for investors and property owners. "Utilizin ...
Are Investors Undervaluing Fidelity National Financial (FNF) Right Now?
ZACKS· 2025-01-03 15:45
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the ...
Is Fidelity National Financial (FNF) Stock Undervalued Right Now?
ZACKS· 2024-12-17 15:40
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are ...
FNF Group (FNF) Upgraded to Buy: What Does It Mean for the Stock?
ZACKS· 2024-12-11 18:01
FNF Group (FNF) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The power of a c ...
Fidelity National Stock Rallies 25% YTD but Lags Industry: How to Play
ZACKS· 2024-11-28 17:31
Shares of Fidelity National Financial (FNF) have rallied 24.5% year to date, outperforming the Finance sector’s increase of 22.8%. It, however, underperformed the industry’s increase of 35.3% as well as the S&P 500 composite’s rise of 26%. FNF stock is trading well above the 50-day moving average, indicating a bullish trend, and is near its 52-week high. With a capitalization of $17.4 billion, FNF has a market-leading position in residential purchase, refinance and commercial markets. Market share growth, ...
Fidelity National Financial: Strong And Safe Dividend Despite Housing Market
Seeking Alpha· 2024-11-20 09:11
Fidelity National Financial (NYSE: FNF ) is a provider of title insurance and settlement services to the mortgage industry, and a provider of annuity and life insurance through F&G which owns approximately 85% of. We believe we are at theBuildingBenjamins is a free stock picking and market commentary investment newsletter. Building Benjamins is the DBA (doing businesses as) publishing entity for Tradition Investment Management, LLC, a registered investment adviser. Benjamin Halliburton, our founder, also fo ...
Fidelity National Financial CEO Mike Nolan and CFO Tony Park to Speak at the Stephens Annual Investment Conference
Prnewswire· 2024-11-12 21:10
Company Overview - Fidelity National Financial, Inc. (NYSE: FNF) is a leading provider of title insurance and transaction services in the real estate and mortgage industries [2] - The company is also a major provider of insurance solutions for retail annuity and life customers, as well as institutional clients through its subsidiary F&G Annuities & Life, Inc. (NYSE: FG) [2] - FNF is recognized as the largest title insurance company in the United States, with its title insurance underwriters collectively issuing more title insurance policies than any other company in the country [2] Upcoming Events - Mike Nolan, CEO, and Tony Park, CFO of Fidelity National Financial, will participate in a fireside chat at the Stephens Annual Investment Conference on November 19, 2024, at approximately 9:00 am Eastern Time [1] - The event will be available for live streaming and replay via audio webcast on the company's investor relations website [1]