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Fidelity National Financial, Inc. (FNF) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2011

Fidelity National Financial, Inc.

CIK: 1331875 Ticker: FNF


Exhibit 99.1
        
Fidelity National Financial, Inc. Reports Fourth Quarter 2011 EPS of $0.78

Jacksonville, Fla. - (February 8, 2012) - Fidelity National Financial, Inc. (NYSE:FNF), a leading provider of title insurance, mortgage services, and diversified services, today reported operating results for the three-month and twelve-month periods ended December 31, 2011.

Pre-tax title margin, excluding realized gains and losses, of 11.7% versus 11.2% in the fourth quarter of 2010
Commercial revenue of $103.8 million; 2% growth versus the strong fourth quarter of 2010; largest quarterly commercial revenue in company history
January 2012 open orders per day increased to 10,200, nearly a 20% sequential increase over the fourth quarter 2011 per day average and the highest monthly level since November 2010
The agency commission split was 76% / 24% in the fourth quarter versus 78% / 22% in the fourth quarter of 2010, an improvement of approximately 200 basis points
Total title claims paid of $153 million, a decrease of 14% versus the fourth quarter of 2010
$95 million after-tax gain from the sale of the flood insurance business; $0.43 contribution to diluted earnings per share in fourth quarter
Signed definitive agreement to sell 85 percent of personal lines business to WT Holdings, Inc. for $119 million; $9 million net loss recorded on the expected sale, a ($0.04) impact on diluted earnings per share in the fourth quarter; closing is expected in the first half of 2012

Consolidated
 
 
Three Months Ended
 
Three Months Ended
 
 
December 31, 2011
 
December 31, 2010
Total revenue
 
$1.27 billion
 
$1.53 billion
Net earnings attributable to common shareholders
 
$172.7 million
 
$130.8 million
Net earnings per diluted share attributable to common shareholders
 
$0.78
 
$0.58
Cash flow from operations
 
$49.6 million
 
$113.3 million
 
 
Twelve Months Ended
 
Twelve Months Ended
 
 
December 31, 2011
 
December 31, 2010
Total revenue
 
$4.84 billion
 
$4.00 billion
Net earnings attributable to common shareholders
 
$369.5 million
 
$370.1 million
Net earnings per diluted share attributable to common shareholders
 
$1.66
 
$1.61
Cash flow from operations
 
$124.9 million
 
$182.5 million











The following information was filed by Fidelity National Financial, Inc. (FNF) on Wednesday, February 8, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Document And Entity Information
Parent Company Financials Balance Sheet (details)
Parent Company Financials Notes To Financial Statements (details)
Parent Company Financials Statement Of Cash Flows (details)
Parent Company Financials Statement Of Earnings And Retained Earnings (details)
Condensed Consolidated Balance Sheets (parenthetical)
Condensed Consolidated Statement Of Equity (parenthetical)
Consolidated Balance Sheets
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Earnings
Consolidated Statements Of Equity
Consolidated Statements Of Operations
Accounts Payable And Accrued Liabilities
Accounts Payable And Accrued Liabilities (details)
Accounts Payable And Accrued Liabilities (tables)
Acquisitions (details)
Commitments And Contingencies
Commitments And Contingencies (details)
Commitments And Contingencies (operating Leases) (details)
Commitments And Contingencies (tables)
Earnings Per Share (details)
Earnings Per Share (tables)
Employee Beenfit Plans (stock Options Outstanding And Exerciseable By Price) (details)
Employee Benefit Plans
Employee Benefit Plans (pension And Other Postretirement Welfare Plans) (details)
Employee Benefit Plans (stock Compensation) (details)
Employee Benefit Plans (tables)
Equity (details)
Fair Value Measurements
Fair Value Measurements (details)
Fair Value Measurements (tables)
Fair Value Measurements (unobservable Inputs Rollforward) (details)
Financial Instruments With Off-balance Sheet Risk And Concentration Of Risk
Financial Instruments With Off-balance Sheet Risk And Concentration Risk (details)
Financial Instruments With Off-balance Sheet Risk And Concentration Risk (tables)
Goodwill
Goodwill (details)
Goodwill (tables)
Income Taxes
Income Taxes (current Deferred Income Tax Expense) (details)
Income Taxes (deferred Tax Asset And Liability Reconciliation) (details)
Income Taxes (details)
Income Taxes (effective Tax Rate Reconciliation) (details)
Income Taxes (tables)
Income Taxes (textuals) (details)
Investments
Investments (available For Sale Securities) (details)
Investments (maturity Of Fixed Maturity Securities) (details)
Investments (realized Gains And Losses And Proceeds On Investments And Other Assets) (details)
Investments (schedule Of Equity Method Investments) (details)
Investments (securities In A Continuous Unrealized Loss Position) (details)
Investments (tables)
Investments (textuals) (details)
Investments Investments (interest And Investment Income) (details)
Notes Payable
Notes Payable (debt Offerings) (details)
Notes Payable (details)
Notes Payable (tables)
Notes Payable Maturities Of Long Term Debt (details)
Other Intangible Assets
Other Intangible Assets (details)
Other Intangible Assets (tables)
Property And Equipment
Property And Equipment (details)
Property And Equipment (tables)
Recent Accounting Pronouncements
Regulation (details)
Regulation And Equity
Related Party Transactions (details)
Sale Of Flood Insurance Business And Discontinued Operations (details)
Segment Information
Segment Information (details)
Segment Information (tables)
Significant Accounting Policies (policies)
Summary Of Reserve For Claim Loss
Summary Of Reserve For Claim Loss (details)
Summary Of Reserve For Claim Loss (tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details)
Summary Of Significant Accounting Policies (table)
Supplementary Cash Flow Information
Supplementary Cash Flow Information (details)
Supplementary Cash Flow Information (tables)
Ticker: FNF
CIK: 1331875
Form Type: 10-K Annual Report
Accession Number: 0001331875-12-000018
Submitted to the SEC: Thu Feb 23 2012 4:23:31 PM EST
Accepted by the SEC: Thu Feb 23 2012
Period: Saturday, December 31, 2011
Industry: Title Insurance

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