NYSE$FNF
Fidelity National Financial Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported diluted EPS from continuing operations of $2.58 and adjusted diluted EPS from continuing operations of $2.12.
Fidelity National Financial reported a strong third quarter with revenue of $3.9 billion, a 31% increase compared to Q3 2020. Adjusted net earnings grew by 39% to $604 million. The company's Title segment delivered adjusted pre-tax earnings of $669 million, and F&G contributed 17% of FNF's consolidated results.
- Total revenue increased by 31% to $3.9 billion compared to the third quarter of 2020.
- Adjusted net earnings grew by 39% to $604 million compared to the third quarter of 2020.
- Adjusted pre-tax title earnings reached $669 million with a margin of 21.7%.
- F&G's total retail sales grew by 44% compared to the third quarter of 2020.
Headline financials
Revenue & EPS history
Fidelity National Financial · Revenue · Quarterly
$3.89B
Revenue by segment
Fidelity National Financial · $2.97B total across 2 segments · Q3 2021
- Title Segment$2.92B+17.6%98.5%
- Corporate and Other$44M-12.0%1.5%
Forward guidance
FNF's capital allocation strategy remains a key focus, emphasizing returning capital to shareholders and strategic investments for profitable growth.
Tailwinds
- FNF is positioned for success through varying market cycles.
- FNF's capital allocation strategy is focused on returning capital to shareholders.
- FNF is making strategic investments in its businesses to drive profitable growth.
- FNF recently announced a 10% increase in the quarterly dividend to $0.44 per share.
- FNF completed its previously announced $500 million share repurchase plan.
Headwinds
- The ability of FNF to successfully integrate F&G's operations and employees.
- Potential impact of the consummation of the F&G transaction on relationships, including with employees, suppliers, customers and competitors.
- Changes in general economic, business, political and COVID-19 conditions, including changes in the financial markets.
- Weakness or adverse changes in the level of real estate activity, which may be caused by, among other things, high or increasing interest rates, a limited supply of mortgage funding or a weak U. S. economy.
- Significant competition that F&G and our operating subsidiaries face.
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 Q3 2021
-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
| Quarter | Report date | Reaction (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% | — | — |
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