Fidelity National Financial Q1 Earnings Surge to $243M; Title Margin Hits 13.1%
Fidelity National Financial’s Q1 net earnings rose to $243 million ($0.90/share) from $83 million ($0.30/share) year-on-year, and adjusted net earnings reached $249 million ($0.93/share). Title segment revenue climbed 14% to $2.1 billion with a 13.1% pre-tax margin, and F&G AUM before reinsurance grew 11% to $74.5 billion.
1. Quarterly Earnings Overview
Fidelity National Financial reported Q1 net earnings attributable to common shareholders of $243 million, or $0.90 per diluted share, versus $83 million, or $0.30 per share in Q1 2025. Adjusted net earnings rose to $249 million, or $0.93 per share, compared with $213 million, or $0.78 per share a year earlier.
2. Title Segment Performance
The Title segment generated $2.0 billion in total revenue and $2.1 billion excluding recognized gains and losses, marking a 14% increase over Q1 2025. Adjusted pre-tax title margin expanded by 140 basis points to 13.1%, driven by strength in commercial business, refinance momentum and disciplined expense management.
3. F&G Segment Highlights
F&G Annuities & Life recorded record assets under management before reinsurance of $74.5 billion at quarter end, up 11% year-on-year. Gross sales reached $3.2 billion and net sales totaled $2.2 billion, reflecting sustained growth across spread-based and fee-based businesses.
4. Capital Return and Liquidity
Fidelity National Financial returned $222 million to shareholders in Q1 through $140 million of dividends and $82 million of share repurchases. The company finished the quarter with $495 million in cash and short-term liquid investments at the holding company level.