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FNF Reports Second Quarter 2018 Diluted EPS of $0.90 and Adjusted Diluted EPS of $0.86, Pre-Tax Title Margin of 15.2% and Adjusted Pre-Tax Title Margin of 17.1%
  
Jacksonville, Fla. - (July 17, 2018) - Fidelity National Financial, Inc. (NYSE:FNF), a leading provider of title insurance and transaction services to the real estate and mortgage industries, today reported operating results for the three and six-month periods ended June 30, 2018.

Total revenue of approximately $2.1 billion in the second quarter versus $2.1 billion in the second quarter of 2017
Second quarter net earnings of $251 million and adjusted net earnings of $239 million versus net earnings from continuing operations of $176 million and adjusted net earnings from continuing operations of $188 million for the second quarter of 2017
Second quarter diluted EPS of $0.90 and adjusted diluted EPS of $0.86 versus diluted EPS from continuing operations of $0.64 and adjusted diluted EPS from continuing operations of $0.68 in the second quarter of 2017

Title
Total revenue of approximately $2.0 billion versus approximately $1.9 billion in total revenue in the second quarter of 2017
Pre-tax earnings of $301 million and adjusted pre-tax earnings of $338 million versus pre-tax earnings of $294 million and adjusted pre-tax earnings of $310 million in the second quarter of 2017
Pre-tax title margin of 15.2% and adjusted pre-tax title margin of 17.1% versus pre-tax title margin of 15.3% and adjusted pre-tax title margin of 16.2% in the second quarter of 2017
Second quarter purchase orders opened and closed increased by 3% and 2%, respectively, versus the second quarter of 2017
Total commercial revenue of $276 million, a 6% increase over total commercial revenue in the second quarter of 2017, driven by a 4% increase in closed orders and a 1% increase in total commercial fee per file; second quarter total commercial open orders increased 7% compared to the prior year
Overall second quarter average fee per file of $2,579, a 6% increase versus the second quarter of 2017

Title Orders
 
 
 
Direct Orders Opened *
 
 
Direct Orders Closed *
Month
 
 / (% Purchase)
 
 / (% Purchase)
April 2018
 
 
167,000
70%
 
 
114,000
69%
May 2018
 
 
175,000
72%
 
 
124,000
71%
June 2018
 
 
163,000
71%
 
 
124,000
73%
 
 
 
 
 
 
 
Second Quarter 2018
 
 
505,000
71%
 
 
362,000
71%
 
 
 
 
 
 
 

 
 
 
Direct Orders Opened *
 
 
Direct Orders Closed *
Month
 
 / (% Purchase)
 
 
 / (% Purchase)
April 2017
 
 
163,000
67%
 
 
109,000
66%
May 2017
 
 
181,000
67%
 
 
128,000
67%
June 2017
 
 
180,000
64%
 
 
133,000
69%
 
 
 
 
 
 
 
Second Quarter 2017
 
 
524,000
66%
 
 
370,000
67%
 
 
 
 
 
 
 
 
 
* Includes an immaterial number of non-purchase and non-refinance orders

1

The following information was filed by Fidelity National Financial, Inc. (FNF) on Tuesday, July 17, 2018 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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