Fidelity National reports Q3 adjusted EPS $1.30, consensus $1.39

Reports Q3 revenue $3.6B, consensus $3.32B. William Foley, II, Chairman, commented, “Our Title business continues to outperform in the current market and delivered an industry leading adjusted pre-tax title margin of 15.9% for the third quarter. We are well positioned for a rebound in transactional levels and we continue to build and expand the business for the long-term. F&G continues to benefit as consumers want to secure the relatively higher interest rates, guaranteed tax deferred growth and principal protection that annuities provide. As a result, F&G has profitably grown assets under management before flow reinsurance to a record $62.9 billion at the end of the third quarter, driven by gross sales of $3.9 billion, an increase of 39% over the third quarter of 2023 with a record level of retail sales. The F&G Segment’s earnings contribution to FNF was 39% for the first nine months of 2024, providing an important complement to our Title business. Taken together, our business is performing at a high level reflecting both our momentum and successful execution to deliver strong results.”