FNF Reports Third Quarter 2025 Financial Results

Core Insights - Fidelity National Financial, Inc. reported strong financial results for Q3 2025, with net earnings attributable to common shareholders reaching $358 million, or $1.33 per diluted share, compared to $266 million, or $0.97 per share, in Q3 2024 [2][10] - Adjusted net earnings for the same period were $439 million, or $1.63 per share, up from $356 million, or $1.30 per share, in Q3 2024 [3][10] - The company highlighted robust performance in both its Title and F&G segments, achieving an industry-leading adjusted pre-tax title margin of 17.8% and record assets under management (AUM) of over $71 billion for F&G [5][10] Financial Performance - Total revenue for Q3 2025 was $4.03 billion, an increase from $3.60 billion in Q3 2024, with year-to-date revenue of $10.39 billion compared to $10.06 billion in the previous year [6][10] - The Title Segment generated $2.3 billion in revenue for Q3 2025, an 8% increase from $2.1 billion in Q3 2024, while the F&G Segment reported gross sales of $4.2 billion, up 8% year-over-year [10][11] - The adjusted pre-tax earnings in the Title Segment were $410 million, compared to $323 million in Q3 2024, reflecting strong performance across commercial and refinance operations [21][10] Segment Highlights - The Title Segment contributed $330 million to net earnings in Q3 2025, up from $244 million in Q3 2024, driven by a 34% increase in commercial revenue [10][11] - The F&G Segment's adjusted net earnings were $139 million for Q3 2025, slightly up from $135 million in Q3 2024, with AUM before flow reinsurance growing by 14% year-over-year [10][22] - F&G's strong sales performance was attributed to favorable market conditions and a disciplined expense management strategy, improving the operating expense ratio to 52 basis points [13][10] Shareholder Returns - The company returned $627 million to shareholders in the first nine months of 2025 through share buybacks and dividends, while also investing $150 million in F&G's common equity raise [5][10] - FNF repurchased 631,000 shares for $37.5 million in Q3 2025, at an average price of $59.37 per share, and paid common dividends of $0.50 per share totaling $135 million [10][11]