Fidelity National Financial (FNF) Q2 2025 Earnings Call August 07, 2025 11:00 AM ET Company ParticipantsLisa Foxworthy-Parker - Senior Vice President of Investor & External RelationsMike Nolan - Chief Executive OfficerTony Park - CFOMark Devries - DirectorBose George - Managing DirectorGeoffrey Dunn - PartnerConference Call ParticipantsTerry Ma - Senior Equity Research AnalystMark Hughes - AnalystOperatorGood morning, and welcome to the FNF's Second Quarter twenty twenty five Earnings Call. During today's p ...

FNF Overview - FNF's total revenue for FY2022 was $116 billion[6] - FNF holds a 31% title market share[6] - FNF holds 1 or 2 market share in 44 states[7, 17] Title Segment Performance - FNF's adjusted pre-tax title margin in 1Q23 was 100%[28, 33, 63, 79, 90] - FNF's title revenue in 1Q23 was $91 billion[28] - FNF consistently holds top market share in residential purchase, refinance, and commercial markets[12] F&G Segment Performance - F&G's assets under management reached $45 billion in 1Q23, an 18% year-over-year increase[40, 41, 63, 65] - F&G's gross sales in 1Q23 grew by 27% year-over-year to $33 billion[40, 41, 63, 65] - F&G's adjusted net earnings for 2022 were $317 million[43] Financial Position - FNF's debt-to-capitalization ratio, excluding AOCI, was 285% as of March 31, 2023[60, 61] - FNF held over $800 million in holding company cash and short-term investments as of March 31, 2023[61, 65]