Fidelity National Financial Inc Q4 adjusted earnings Beat Estimates
WASHINGTON (dpa-AFX) - Fidelity National Financial Inc (FNF) reported a profit for its fourth quarter that increased from the same period last year.
The company s bottom line totaled $803 million, or $2.74 per share. This compares with $340 million, or $1.22 per share, in last year s fourth quarter.
Excluding items, Fidelity National Financial Inc reported adjusted earnings of $558 million or $2.01 per share for the period.
Analysts had expected the company to earn $1.32 per share, according to figures compiled by Thomson Reuters. Analysts estimates typically exclude special items.
The company s revenue for the quarter rose 58.3% to $3.8 billion from $2.4 billion last year.
Company Overview
Fidelity National Financial Inc has two business groups: FNF Core Operations and FNF Ventures. Core Operations provides title insurance, escrow, and other title-related services. It also provides technology and transaction services to the real estate and mortgage industries. FNF Ventures invests in other companies. It has a majority interest in ABRH, a restaurant company that operates restaurants such as Bakers Square and Village Inn. Title insurance premiums comprise close to half of Fidelity s total revenue, and the remaining Core Operations business comprises more than one-third of total company revenue. Almost all remaining revenue is from restaurant sales via FNF Ventures investments. Substantially all of the company s revenue is generated in the United States.
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JACKSONVILLE, Fla., Feb. 17, 2021 /PRNewswire/ Fidelity National Financial, Inc. (NYSE:FNF) (the Company ) today announced that its Board of Directors has declared a quarterly cash dividend of $0.36 per share. The dividend will be payable March 31, 2021, to stockholders of record as of March 17, 2021.
About Fidelity National Financial, Inc.
Fidelity National Financial, Inc. (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. FNF is the nation s largest title insurance company through its title insurance underwriters - Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title and National Title of New York - that collectively issue more title insurance policies than any other title company in the United States. More information about FNF can be found at fnf.com.
Press release content from Business Wire. The AP news staff was not involved in its creation.
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