NYSE$FNF

Fidelity National Financial Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported financial results for the first quarter ended March 31, 2022.

Fidelity National Financial reported a strong first quarter in 2022, with total revenue increasing by 2% to $3.2 billion. The Title business was boosted by commercial market demand and home price appreciation, while F&G delivered strong sales, driving growth in assets under management and profitability.

  • Total revenue increased by 2% year-over-year to $3.2 billion.
  • Title segment revenue remained stable at $2.4 billion.
  • F&G total sales increased by 57% year-over-year to $2.6 billion.
  • FNF repurchased 2.75 million shares for $134 million and paid dividends of $124 million.

Headline financials

Total Revenue

$3.17B

Previous: $3.1B+2.1%
EPS (adj)

$1.37

Previous: $1.56-12.2%
Adjusted Pre-Tax Title Margin

17.1%

Previous: 19.9%-14.1%
Commercial Revenue

$374M

Previous: $257M+45.5%
Free Cash Flow

$397M

Previous: $605M-34.4%
Net Income

$397M

Previous: $605M-34.4%
Operating Income

$1.66B

Previous: $1.62B+2.8%
Gross Profit

$3.16B

Previous: $3.1B+2.2%
Cash & Equivalents

$2.79B

Previous: $3.03B-7.7%
Total Assets

$60.9B

Previous: $51.5B+18.2%
Stock-Based Comp

$13M

Previous: $11M+18.2%

Revenue & EPS history

Fidelity National Financial · Revenue · Quarterly

$3.17B

Q1 2022+2.1%vs Q1 2021
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Fidelity National Financial · $2.38B total across 1 segment · Q1 2022

  • Title Segment
    $2.38B-5.4%

Forward guidance

FNF expects to create shareholder value through continued investment in their business, returning capital to shareholders, and evaluating strategically aligned acquisitions.

Tailwinds

  • FNF plans to dividend 15% ownership of F&G to FNF shareholders in the second half of the year.
  • FNF will retain 85% ownership of F&G and continue to benefit from their growth.
  • FNF is committed to creating value for its shareholders through investment in its business.
  • FNF will continue to return capital to shareholders.
  • FNF will evaluate strategically aligned acquisitions.

Headwinds

  • Economic challenges persist.
  • Geopolitical challenges persist.
  • Rising interest rate environment.
  • Decline in refinance volumes.
  • Uncertainty and volatility in the macro environment.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.2%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+0.9%

Avg return

30 days after

51%

35 / 68 earnings

Positive

+5.8%

Q2 2018

Best reaction

-7.2%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.9%-7.2%-7.6%
Q4 2025-3.8%-5.0%-20.2%
Q3 2025+4.6%+7.2%+6.5%
Q1 2025-7.2%-10.9%-14.9%
Q4 2024+3.3%+6.8%+10.4%
Q3 2024-0.6%+1.2%+4.2%
Q2 2024-2.6%+0.2%+7.8%
Q1 2024+0.9%-1.4%-5.6%
Q4 2023-4.1%-5.1%-1.0%
Q3 2023+3.8%+5.1%+12.0%
Q2 2023+2.2%+5.6%+7.8%
Q1 2023-4.1%-1.3%+1.2%
Q4 2022-5.8%-5.5%-20.6%
Q3 2022-2.3%+7.3%-2.2%
Q2 2022-3.6%-2.2%-0.4%
Q1 2022-1.6%+1.2%+1.1%
Q4 2021-2.7%+2.1%+7.9%
Q3 2021-0.5%+3.7%+5.1%
Q2 2021+2.1%+6.1%+9.8%
Q1 2021+0.8%+0.6%+2.8%
Q4 2020-5.3%-2.8%+0.5%
Q3 2020+2.5%+2.1%+14.1%
Q2 2020+3.2%+7.4%+0.5%
Q1 2020+4.0%+8.0%+10.4%
Q4 2019+0.7%-0.6%-23.7%
Q3 2019+1.9%+3.4%+6.3%
Q2 2019+2.9%+2.8%+4.9%
Q1 2019+2.2%+0.8%-0.0%
Q4 2018-1.3%-3.4%-2.6%
Q3 2018-6.0%-5.6%-5.4%
Q2 2018+5.8%+7.8%+6.0%
Q1 2018+2.2%+1.3%+1.2%
Q4 2017-2.7%-5.3%-4.1%
Q3 2017+2.9%+4.9%+14.5%
Q2 2017+0.0%+2.9%+3.3%
Q1 2017+2.1%+2.1%+7.9%
Q4 2016+1.5%+3.3%+7.2%
Q3 2016-5.2%-5.2%-11.4%
Q2 2016+1.9%+3.7%+0.2%
Q1 2016-2.2%
Q4 2015+3.8%
Q3 2015+1.3%
Q2 2015+0.8%
Q1 2015+0.9%
Q4 2014-2.7%
Q3 2014-0.8%
Q2 2014+1.1%
Q1 2014+1.5%
Q4 2013+2.6%
Q3 2013-0.5%
Q2 2013-1.7%
Q1 2013-5.5%
Q4 2012-1.3%
Q3 2012+3.3%
Q2 2012-1.8%
Q1 2012+0.1%
Q4 2011+0.5%
Q3 2011+1.8%
Q2 2011+3.3%
Q1 2011+1.8%
Q4 2008-2.7%
Q4 2010-2.7%
Q3 2009+0.9%
Q3 2010+0.9%
Q4 2009-0.9%
Q2 2009-0.9%
Q2 2010-0.9%
Q1 2010-2.2%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro