Welcome to our dedicated page for Fidelity National Financial In news (Ticker: FNF), a resource for investors and traders seeking the latest updates and insights on Fidelity National Financial In stock.
Fidelity National Financial, Inc. (NYSE: FNF) is a title insurance and transaction services company serving the real estate and mortgage industries, with additional operations in annuity and life insurance through its majority-owned subsidiary F&G Annuities & Life, Inc. The FNF news stream highlights developments that affect its title segment, F&G segment and related subsidiaries.
Recent news items include announcements of quarterly financial results, where FNF reports segment performance for its Title and F&G businesses, as well as updates on adjusted net earnings and operating margins. The company also issues releases about its capital allocation decisions, such as increases in its quarterly cash dividend and share repurchase activity, providing insight into how it returns capital to shareholders.
FNF’s news flow covers corporate actions involving F&G, including the approval and finalization of a special stock distribution of F&G shares to FNF shareholders. These announcements describe the distribution ratio, record date, distribution date and expected tax treatment of the distribution. Additional items include notices of upcoming earnings releases and conference calls, along with participation by FNF executives in industry and investor conferences.
Subsidiaries associated with FNF, such as LoanCare and IPX1031, also appear in the news with updates on product enhancements, leadership appointments and expanded capabilities. LoanCare reports enhancements to its digital retention tools for mortgage loan subservicing, while IPX1031 announces leadership changes within its 1031 Exchange operations. Investors and market watchers can use this news page to follow FNF’s operating performance, corporate actions and subsidiary developments over time.
Fidelity National Financial (NYSE: FNF) announced a management transition effective February 1, 2022. Mike Nolan, who has over 35 years of experience with the company, will become the CEO, while Randy Quirk transitions to Executive Vice-Chairman. Under Quirk's leadership, FNF became the largest title insurance company in the U.S. and was recognized for its innovative technologies in real estate transactions. The board expresses confidence in Nolan's leadership to continue FNF’s legacy of financial performance.
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Fidelity National Financial (NYSE: FNF) announced its participation in two upcoming investor conferences. Management, including President Mike Nolan and CFO Tony Park, will engage in a fireside chat at the Stephens Annual Investment Conference on December 1, 2021, at 4:00 PM ET. They will also present at the Cannae Holdings 2021 Portfolio Conference on December 8, 2021, at 1:10 PM ET. Live webcasts and replays will be available on FNF's Investor Relations website, and management will hold one-on-one meetings with investors at both events.
Fidelity National Financial (NYSE: FNF) has appointed Lisa Foxworthy-Parker as SVP of Investor & External Relations. In her new role, she will collaborate with the executive team to communicate FNF's performance and strategies to investors and analysts. President Mike Nolan emphasized the importance of educating stakeholders about FNF's strengths and opportunities. Foxworthy-Parker's background includes her previous role as SVP of Financial Planning & Analysis at F&G, contributing valuable experience to her new position.
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Fidelity National Financial (NYSE:FNF) reported impressive Q3 2021 results, with total revenue reaching $3.9 billion, up from $3.0 billion in Q3 2020. Net earnings from continuing operations soared to $735 million, with diluted EPS of $2.58, compared to $1.39 in the previous year. Notably, the company's title segment achieved a pre-tax margin of 21.7%, while commercial revenue surged by 69%. F&...G also performed well, with total sales increasing by 171% year-over-year.
On November 2, 2021, Fidelity National Financial (NYSE:FNF) announced a 10% increase in its quarterly cash dividend, raising it from $0.40 to $0.44 per share. The new dividend will be payable on December 31, 2021, to shareholders of record as of December 17, 2021. This increase underscores the company's commitment to returning value to its shareholders, reflecting strong financial health and operational performance.
Fidelity National Financial (NYSE: FNF) will release its third quarter 2021 earnings on November 2, 2021, after market close. A conference call is scheduled for November 3, 2021, at 12:00 p.m. ET, accessible via the Investor Relations website or by phone at 1-877-407-0784 (USA). Replays will be available following the call until November 10, 2021. FNF is the largest title insurance provider in the U.S. through its subsidiaries, including Fidelity National Title and Chicago Title.
F&G, a part of the FNF family, announced a strategic acquisition of a 30% ownership stake in Freedom Equity Group (FEG), enhancing its distribution capacity for indexed universal life (IUL) products. This partnership aims to address the retirement needs of underserved markets and provides individuals with business ownership opportunities. F&G has partnered with FEG, contributing to its position as a leading IUL provider. This investment aligns with F&G's diversification strategy, expanding its reach into bank, broker dealer, and institutional markets.
F&G, part of the FNF family, announced a $1.15 billion funding agreement backed note (FABN) issuance through F&G Global Funding, enhancing its institutional sales to over $2 billion. This growth is attributed to strategic partnerships and a strong market entry in pension risk transfer (PRT) transactions, totaling $375 million for over 11,000 participants. The issuance attracts over 80 investors and aligns with F&G's diversified strategy for continued growth. Notably, the FABN carries A- ratings, ensuring strong investor confidence.
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