{"success":true,"data":{"pressRelease":{"id":"110253","rtpr_id":"nPn6wzkpDa","ticker":"FG","exchange":"NYSE","all_tickers":["FG","FNF"],"title":"FNF Reports Second Quarter 2026 Financial Results","author":"PR Newswire","published_at":"2026-08-05T20:17:00.263Z","article_body":"FNF Reports Second Quarter 2026 Financial Results\n\nPR Newswire\n\nJACKSONVILLE, Fla., Aug. 5, 2026\n\nJACKSONVILLE, Fla., Aug. 5, 2026 /PRNewswire/ -- Fidelity National Financial,\nInc. (NYSE: FNF) (FNF or the Company), a leading provider of title insurance\nand transaction services to the real estate and mortgage industries and a\nleading provider of insurance solutions serving retail annuity and life\ncustomers and institutional clients through its majority-owned, publicly\ntraded subsidiary F&G Annuities & Life, Inc. (NYSE: FG) (F&G),\ntoday reported financial results for the three months ended June 30, 2026.\n\nNet earnings attributable to common shareholders for the second quarter were\n$288 million, or $1.08 per diluted share (per share), compared with net\nearnings of $278 million, or $1.02 per share, for the second quarter of 2025.\nNet earnings attributable to common shareholders include mark-to-market\neffects and non-recurring items; all of which are excluded from adjusted net\nearnings attributable to common shareholders.\n\nAdjusted net earnings attributable to common shareholders (adjusted net\nearnings) for the second quarter were $370 million, or $1.39 per share,\ncompared with $318 million, or $1.16 per share, for the second quarter of\n2025.\n\n * The Title Segment contributed $339 million for the second quarter, compared\nwith $260 million for the second quarter of 2025\n * The F&G Segment contributed $65 million for the second quarter, which\nreflects our approximately 72% ownership stake following the stock\ndistribution at year-end, compared with $89 million for the second quarter of\n2025, which reflected our approximately 82% ownership stake\n * The Corporate Segment adjusted net loss was $6 million for the second quarter,\nbefore eliminating dividend income from F&G in the consolidated financial\nstatements, compared with adjusted net loss of $3 million for the second\nquarter of 2025\n * FNF's consolidated adjusted net earnings include significant income and\nexpense items in the F&G Segment, as well as alternative investment\nportfolio short-term returns that differ from long-term return expectations.\nPlease see \"Segment Financial Results\" for F&G, as well as the \"Non-GAAP\nMeasures and Other Information\" section for further explanation\nCompany Highlights\n\n * Title Segment generated strong revenue and an industry leading margin despite\ndynamic environment: For the Title Segment, total revenue was $2.5 billion\nfor the second quarter, compared with $2.2 billion for the second quarter of\n2025. Total revenue, excluding recognized gains and losses, was $2.5 billion\nfor the second quarter, a 16% increase over the second quarter of 2025. Our\nindustry leading adjusted pre-tax title margin was 17.8% for the second\nquarter\n * F&G Segment achieved assets under management before reinsurance of nearly\n$75 billion: F&G achieved record assets under management before\nreinsurance of $74.7 billion at the end of the second quarter, an increase of\n8% over the second quarter of 2025. F&G's gross sales were $2.7 billion\nand net sales were $1.5 billion for the second quarter\n * Robust return of capital to shareholders: FNF returned approximately $195\nmillion of capital to shareholders in the second quarter through $138 million\nof common stock dividends and $57 million of share repurchases. This brought\nthe first half of 2026 capital returned to shareholders to approximately $417\nmillion, through $278 million of dividends and $139 million of share\nrepurchases. FNF ended the quarter with $457 million in cash and short-term\nliquid investments at the holding company\nWilliam P. Foley, II, Chairman, commented, \"Our second quarter results\nhighlight the strength of FNF's business model and the benefits of having two\ncomplementary market-leading franchises. In Title, we delivered an\nindustry-leading adjusted pre-tax title margin of 17.8% despite a residential\nmarket that remains constrained by elevated mortgage rates and historically\nlow transaction volumes. In F&G, assets under management before\nreinsurance approached $75 billion as the business continued to execute its\nstrategy of balancing growth, profitability and capital efficiency.\"\n\nMr. Foley added, \"Our businesses continue to generate strong and consistent\ncash flow, supporting a disciplined capital allocation strategy that balances\ninvesting for future growth while returning capital to shareholders. During\nthe second quarter, we returned approximately $195 million of capital through\ndividends and share repurchases, bringing total capital returned during the\nfirst six months of 2026 to approximately $417 million. With strong market\npositions and financial flexibility, we believe FNF remains exceptionally well\npositioned to create long-term value for our shareholders.\"\n\nSummary Financial Results\n (In millions, except per share data)                        Three Months Ended                           Year to Date\n                                                             June 30, 2026              June 30, 2025     2026                     2025\n Total revenue                                               $     4,051                $      3,635      $      7,277             $       6,364\n F&G AUM before reinsurance(1)                               $   74,687                 $    69,161       $    74,687              $     69,161\n F&G assets under management (AUM)(1)                        $   55,868                 $    55,565       $    55,868              $     55,565\n F&G gross sales(1)                                          $     2,719                $      4,106      $      5,892             $       7,008\n F&G net sales(1)                                            $     1,464                $      2,744      $      3,709             $       4,925\n Total assets                                                $ 114,528                  $  102,331        $  114,528               $   102,331\n Adjusted pre-tax title margin                               17.8 %                     15.5 %            15.7 %                   13.8 %\n Net earnings attributable to common shareholders            $        288               $        278      $        531             $          361\n Net earnings per share attributable to common shareholders  $       1.08               $       1.02      $       1.98             $         1.32\n Adjusted net earnings(1)                                    $        370               $        318      $        619             $          531\n Adjusted net earnings per share(1)                          $       1.39               $       1.16      $       2.31             $         1.95\n Weighted average common diluted shares                      267                        273               268                      273\n Total common shares outstanding                             268                        272               268                      272\n\n _____________________________\n (1) See definition of non-GAAP measures below\n\nSegment Financial Results\n\nTitle Segment\n\nThis segment consists of the operations of the Company's title insurance\nunderwriters and related businesses, which provide core title insurance and\nescrow and other title-related services including loan sub-servicing,\nvaluations, default services and home warranty.\n\nMike Nolan, Chief Executive Officer, added, \"The Title business delivered an\noutstanding second quarter, generating adjusted pre-tax title earnings of $448\nmillion, up 33% over the prior year, and an industry-leading adjusted pre-tax\ntitle margin of 17.8%. These results reflect strength across our commercial,\nresidential, and agency businesses, supported by disciplined expense\nmanagement and the benefits of our scale and operating platform.  Commercial\nremains a meaningful driver of our performance as transaction activity and fee\nper file continue to trend higher, positioning us for what could be one of the\nstrongest commercial years in our history.\"\n\nMr. Nolan continued, \"We are also seeing the benefits of our investments in\ntechnology, automation and artificial intelligence. As the leading provider of\ntitle and settlement services, FNF provides the rails upon which real estate\ntransactions run, by orchestrating complex multi-party settlements,\nsafeguarding the movement of funds and mitigating fraud in every transaction.\nBy embedding AI capabilities into these workflows, we believe we can drive\nsignificant value over time by enhancing efficiency, reducing risk,\nstrengthening fraud prevention and improving the customer experience across\nreal estate transactions.  Combined with the significant operating leverage\nembedded in our model, we believe we are exceptionally well positioned to\nbenefit from the continued strength in commercial and an eventual recovery in\nresidential transaction volumes.\"\n\nSecond Quarter 2026 Highlights\n\n * Total revenue was $2.5 billion, compared with $2.2 billion for the second\nquarter of 2025\n * Total revenue, excluding recognized gains and losses, was $2.5 billion, a 16%\nincrease over the second quarter of 2025\n* Direct title premiums were $767 million, a 21% increase over the second\nquarter of 2025\n * Agency title premiums were $967 million, a 15% increase over the second\nquarter of 2025\n * Commercial revenue was $440 million, a 32% increase over the second quarter of\n2025\n * Purchase orders opened increased 3% on a daily basis and purchase orders\nclosed increased 4% on a daily basis compared with the second quarter of 2025\n * Refinance orders opened increased 16% on a daily basis and refinance orders\nclosed increased 26% on a daily basis over the second quarter of 2025\n * Commercial orders opened increased 7% and commercial orders closed increased\n11% over the second quarter of 2025\n * Total fee per file was $4,107 for the second quarter, a 5% increase from the\nsecond quarter of 2025\nSecond Quarter 2026 Financial Results\n\n * Pre-tax title margin was 17.8% and industry leading adjusted pre-tax title\nmargin was 17.8% for the second quarter, compared with 16.6% and 15.5%,\nrespectively, for the second quarter of 2025\n * Pre-tax earnings in Title for the second quarter were $451 million, compared\nwith $367 million for the second quarter of 2025\n * Adjusted pre-tax earnings in Title were $448 million for the second quarter,\nan increase of 33% over $337 million for the second quarter of 2025, driven\nprimarily by higher direct operating revenue and agent premiums. Direct title\noperating revenue increased 17% and agent premiums increased 15% over the\nsecond quarter of 2025\nF&G Segment\n\nThis segment consists of operations of FNF's majority-owned subsidiary\nF&G, a leading provider of insurance solutions serving retail annuity and\nlife customers and funding agreement and pension risk transfer institutional\nclients.\n\nConor Murphy, F&G's Chief Executive Officer and President, commented, \"The\nsecond quarter reflects the strength and resilience of the business we have\nbuilt at F&G. We achieved record assets under management before\nreinsurance of $74.7 billion underpinned by continued momentum in core retail,\nwhile maintaining our disciplined approach to sales, pricing and capital\nallocation. Our investment portfolio continues to perform well, with strong\ncredit performance and impairments remaining below pricing assumptions,\nreinforcing the consistent earnings power of our business. Combined with our\ndiversified distribution platform and strategic reinsurance relationships, we\nbelieve F&G is well positioned to navigate a dynamic market environment.\"\n\nMr. Murphy continued, \"Having spent the past year working closely with our\nemployees, distribution partners and leadership team, my confidence in the\nfuture of F&G has only grown stronger. We see meaningful opportunities to\nfurther scale our fee-based, higher-margin and less capital-intensive earnings\nstreams while continuing to grow our core spread-based franchise. Supported by\nstrong inforce earnings generation, substantial financial flexibility and\nfavorable demographic trends, we are confident in our ability to grow assets\nunder management, expand returns and create long-term shareholder value.\"\n\nSecond Quarter 2026\n\n * AUM before flow reinsurance was $74.7 billion at the end of the second\nquarter, an increase of 8% over the second quarter of 2025.  This included\nretained AUM of $55.9 billion, an increase of 1% over the second quarter of\n2025; retained AUM reflects positive asset flows offset by $1.8 billion\ninforce block ceded with the F&G Life Re (Bermuda) sale effective March 1,\n2026 and a $750 million funding agreement-backed note maturity in the second\nquarter of 2026\n * Gross sales were $2.7 billion for the second quarter, compared with $4.1\nbillion for the second quarter of 2025 which included near record\nopportunistic sales; reflects our commitment to manage growth for the\nlong-term\n * Core sales were $2.0 billion for the second quarter, compared with $2.2\nbillion for the second quarter of 2025; reflects strong momentum with $1.8\nbillion of core retail (indexed annuity and indexed universal life), one of\nour strongest quarters on record, and $0.2 billion of pension risk transfer\nsales\n * Opportunistic sales were $0.7 billion for the second quarter, compared with\n$1.9 billion for the second quarter of 2025; reflects lower multiyear\nguaranteed annuities partially offset by higher funding agreements.\nOpportunistic volumes vary quarter to quarter depending on economics and\nmarket opportunity\n * Net sales were $1.5 billion for the second quarter, compared with $2.7 billion\nfor the second quarter of 2025; reflects flow reinsurance in line with capital\ntargets for multiyear guaranteed annuities and fixed indexed annuities\n * F&G Segment net loss attributable to common shareholders was $55 million\nfor the second quarter which included unfavorable mark-to-market movement,\ncompared to net earnings of $33 million for the second quarter of 2025 which\nincluded unfavorable mark-to-market movement\n * F&G Segment adjusted net earnings attributable to common shareholders were\n$65 million for the second quarter which reflects our approximately 72%\nownership stake following the stock distribution at year-end, compared with\n$89 million for the second quarter of 2025, which reflected our approximately\n82% ownership stake\n* F&G Segment adjusted net earnings were $65 million for the second\nquarter\nof 2026. Investment income from alternative investments was $35 million, or\n$0.13 per share, below management's current long-term expected return of\napproximately 12%\n * F&G Segment adjusted net earnings were $89 million for the second quarter\nof 2025. Investment income from alternative investments was $55 million, or\n$0.21 per share, below management's long-term expected return\n * As compared with the prior year quarter and excluding the above items,\nadjusted net earnings reflect consistent core spread as the business\nmaintained disciplined pricing. Total product margin was reduced after\nreflecting the F&G Life Re (Bermuda) sale, as well as lower surrender\ncharge fee income and higher other liability costs, as expected. These items\nwere partially offset by asset growth, steady fees from accretive flow\nreinsurance and owned distribution margin, and disciplined expense management\nwhich continued to drive scale benefit\nConference Call\n\nWe will host a call with investors and analysts to discuss FNF's second\nquarter of 2026 results on Thursday, August 6, 2026, beginning at 11:00 a.m.\nEastern Time.  A live webcast of the conference call will be available on the\nEvents and Multimedia page of the FNF Investor Relations website at fnf.com.\nThe conference call replay will be available via webcast through the FNF\nInvestor Relations website at fnf.com.\n\nAbout Fidelity National Financial, Inc.\n\nFidelity National Financial, Inc. (NYSE: FNF) is a leading provider of title\ninsurance and transaction services to the real estate and mortgage\nindustries.  FNF is the nation's largest title insurance company through its\ntitle insurance underwriters - Fidelity National Title, Chicago Title,\nCommonwealth Land Title, Alamo Title and National Title of New York - that\ncollectively issue more title insurance policies than any other title company\nin the United States.  More information about FNF can be found at fnf.com.\n\nAbout F&G\n\nF&G is part of the FNF family of companies. F&G is committed to\nhelping Americans turn their aspirations into reality. F&G is a leading\nprovider of insurance solutions serving retail annuity and life customers and\ninstitutional clients and is headquartered in Des Moines, Iowa. For more\ninformation, please visit fglife.com.\n\nUse of Non-GAAP Financial Information\n\nGenerally Accepted Accounting Principles (GAAP) is the term used to refer to\nthe standard framework of guidelines for financial accounting. GAAP includes\nthe standards, conventions, and rules accountants follow in recording and\nsummarizing transactions and in the preparation of financial statements. In\naddition to reporting financial results in accordance with GAAP, this earnings\nrelease includes non-GAAP financial measures, which the Company believes are\nuseful to help investors better understand its financial performance,\ncompetitive position and prospects for the future. These non-GAAP measures\ninclude adjusted net earnings per share, adjusted pre-tax title earnings,\nadjusted pre-tax title earnings as a percentage of adjusted title revenue\n(adjusted pre-tax title margin), adjusted net earnings attributable to common\nshareholders (adjusted net earnings), assets under management (AUM), average\nassets under management (AAUM) and sales.\n\nManagement believes these non-GAAP financial measures may be useful in certain\ninstances to provide additional meaningful comparisons between current results\nand results in prior operating periods.  Our non-GAAP measures may not be\ncomparable to similarly titled measures of other organizations because other\norganizations may not calculate such non-GAAP measures in the same manner as\nwe do.\n\nThe presentation of this financial information is not intended to be\nconsidered in isolation of or as a substitute for, or superior to, the\nfinancial information prepared and presented in accordance with GAAP.  By\ndisclosing these non-GAAP financial measures, FNF believes it offers investors\na greater understanding of, and an enhanced level of transparency into, the\nmeans by which the Company's management operates the Company.\n\nAny non-GAAP measures should be considered in context with the GAAP financial\npresentation and should not be considered in isolation or as a substitute for\nGAAP net earnings, net earnings attributable to common shareholders, net\nearnings per share, or any other measures derived in accordance with GAAP as\nmeasures of operating performance or liquidity. Further, FNF's non-GAAP\nmeasures may be calculated differently from similarly titled measures of other\ncompanies. Reconciliations of these non-GAAP financial measures to the most\ndirectly comparable GAAP measures are provided below.\n\nForward-Looking Statements and Risk Factors\n\nThis press release contains forward-looking statements that involve a number\nof risks and uncertainties. Statements that are not historical facts,\nincluding statements regarding our expectations, hopes, intentions or\nstrategies regarding the future are forward-looking statements.\nForward-looking statements are based on management's beliefs, as well as\nassumptions made by, and information currently available to, management.\nBecause such statements are based on expectations as to future financial and\noperating results and are not statements of fact, actual results may differ\nmaterially from those projected. We undertake no obligation to update any\nforward-looking statements, whether as a result of new information, future\nevents or otherwise. The risks and uncertainties which forward-looking\nstatements are subject to include, but are not limited to: changes in general\neconomic, business, political crisis, war and pandemic conditions, including\nongoing geopolitical conflicts; consumer spending; government spending; the\nvolatility and strength of the capital markets; investor and consumer\nconfidence; foreign currency exchange rates; commodity prices; inflation\nlevels; changes in trade policy; tariffs and trade sanctions on goods; trade\nwars; supply chain disruptions; weakness or adverse changes in the level of\nreal estate activity, which may be caused by, among other things, high or\nincreasing interest rates, a limited supply of mortgage funding or a weak U.S.\neconomy; our potential inability to find suitable acquisition candidates; our\ndependence on distributions from our title insurance underwriters as a main\nsource of cash flow; significant competition that F&G and our operating\nsubsidiaries face; compliance with extensive government regulation of our\noperating subsidiaries, including regulation of title insurance and services\nand privacy and data protection laws; systems damage, failures, interruptions,\ncyberattacks and intrusions, or unauthorized data disclosures; and other risks\ndetailed in the \"Statement Regarding Forward-Looking Information,\" \"Risk\nFactors\" and other sections of FNF's Form 10-K and other filings with the\nSecurities and Exchange Commission.\n\nFNF-E\n FIDELITY NATIONAL FINANCIAL, INC.\n SECOND QUARTER SEGMENT INFORMATION\n (In millions, except per share data)\n (Unaudited)\n\n                                                            Consolidated          Title                  F&G                     Corporate and                   Elimination\n                                                                                                                                 Other\n Three Months Ended\n June 30, 2026\n Direct title premiums                                      $       767           $       767            $        —              $           —                   $           —\n Agency title premiums                                      967                   967                    —                       —                               —\n Escrow, title related and other fees                       1,173                 694                    413                     66                              —\n Total title and escrow                                     2,907                 2,428                  413                     66                              —\n\n Interest and investment income                             811                   86                     718                     35                              (28)\n Recognized gains and losses, net                           333                   14                     290                     29                              —\n Total revenue                                              4,051                 2,528                  1,421                   130                             (28)\n\n Personnel costs                                            965                   819                    77                      69                              —\n Agent commissions                                          749                   749                    —                       —                               —\n Other operating expenses                                   460                   394                    41                      25                              —\n Benefits & other policy reserve changes                    1,149                 —                      1,149                   —                               —\n Market risk benefit (gains) losses                         32                    —                      32                      —                               —\n Depreciation and amortization                              219                   37                     175                     7                               —\n Provision for title claim losses                           78                    78                     —                       —                               —\n Interest expense                                           61                    —                      41                      20                              —\n Total expenses                                             3,713                 2,077                  1,515                   121                             —\n\n Pre-tax earnings (loss)                                    $       338           $       451            $       (94)            $             9                 $          (28)\n\n   Income tax expense (benefit)                             63                    92                     (19)                    (10)                            —\n  Earnings from equity investments                          1                     1                      —                       —                               —\n   Non-controlling interests                                (12)                  8                      (20)                    —                               —\n\n Net earnings (loss) attributable to common shareholders    $       288           $       352            $       (55)            $           19                  $          (28)\n\n EPS attributable to common shareholders - basic            $      1.08\n\n EPS attributable to common shareholders - diluted          $      1.08\n\n Weighted average shares - basic                            267\n Weighted average shares - diluted                          267\n\n \n FIDELITY NATIONAL FINANCIAL, INC.\n SECOND QUARTER SEGMENT INFORMATION\n (In millions, except per share data)\n (Unaudited)\n\n                                                                     Consolidated                 Title                            F&G                    Corporate and                   Elimination\n                                                                                                                                                          Other\n Three Months Ended\n June 30, 2026\n Net earnings (loss) attributable to common shareholders             $          288               $          352                   $       (55)           $           19                  $          (28)\n\n Pre-tax earnings (loss)                                             $          338               $          451                   $       (94)           $             9                 $          (28)\n\n  Non-GAAP Adjustments\n   Recognized (gains) and losses, net                                147                          (14)                             190                    (29)                            —\n   Market related liability adjustments                              (10)                         —                                (10)                   —                               —\n   Purchase price amortization                                       28                           11                               15                     2                               —\n   Transaction and other costs                                       14                           —                                14                     —                               —\n\n Adjusted pre-tax earnings (loss)                                    $          517               $          448                   $       115            $          (18)                 $          (28)\n\n Total non-GAAP, pre-tax adjustments                                 $          179               $            (3)                 $       209            $          (27)                 $           —\n   Income taxes on non-GAAP adjustments                              (34)                         1                                (41)                   6                               —\n   Non-controlling interest on non-GAAP adjustments                  (48)                         —                                (48)                   —                               —\n   Deferred tax asset valuation allowance                            (11)                         (11)                             —                      —                               —\n   Tax (benefit) expense related to change in FG tax  basis          (4)                          —                                —                      (4)                             —\n Total non-GAAP adjustments                                          $           82               $          (13)                  $       120            $          (25)                 $           —\n\n Adjusted net earnings (loss) attributable to common shareholders    $          370               $          339                   $        65            $           (6)                 $          (28)\n\n Adjusted EPS attributable to common shareholders - diluted          $         1.39\n\n \n FIDELITY NATIONAL FINANCIAL, INC.\n SECOND QUARTER SEGMENT INFORMATION\n (In millions, except per share data)\n (Unaudited)\n\n                                                            Consolidated          Title                  F&G                     Corporate and                 Elimination\n                                                                                                                                 Other\n Three Months Ended\n June 30, 2025\n Direct title premiums                                      $       632           $       632            $        —              $           —                 $           —\n Agency title premiums                                      839                   839                    —                       —                             —\n Escrow, title related and other fees                       1,289                 613                    631                     45                            —\n Total title and escrow                                     2,760                 2,084                  631                     45                            —\n\n Interest and investment income                             777                   86                     682                     37                            (28)\n Recognized gains and losses, net                           98                    43                     51                      4                             —\n Total revenue                                              3,635                 2,213                  1,364                   86                            (28)\n\n Personnel costs                                            867                   749                    77                      41                            —\n Agent commissions                                          654                   654                    —                       —                             —\n Other operating expenses                                   416                   342                    42                      32                            —\n Benefits & other policy reserve changes                    993                   —                      993                     —                             —\n Market risk benefit (gains) losses                         (4)                   —                      (4)                     —                             —\n Depreciation and amortization                              200                   35                     158                     7                             —\n Provision for title claim losses                           66                    66                     —                       —                             —\n Interest expense                                           61                    —                      41                      20                            —\n Total expenses                                             3,253                 1,846                  1,307                   100                           —\n\n Pre-tax earnings (loss)                                    $       382           $       367            $        57             $          (14)               $          (28)\n\n   Income tax expense (benefit)                             98                    93                     15                      (10)                          —\n   Earnings from equity investments                         9                     9                      —                       —                             —\n   Non-controlling interests                                15                    6                      9                       —                             —\n\n Net earnings (loss) attributable to common shareholders    $       278           $       277            $        33             $           (4)               $          (28)\n\n EPS attributable to common shareholders - basic            $      1.02\n\n EPS attributable to common shareholders - diluted          $      1.02\n\n Weighted average shares - basic                            272\n Weighted average shares - diluted                          273\n\n \n FIDELITY NATIONAL FINANCIAL, INC.\n SECOND QUARTER SEGMENT INFORMATION\n (In millions, except per share data)\n (Unaudited)\n\n                                                                     Consolidated                 Title                         F&G                          Corporate and                   Elimination\n                                                                                                                                                             Other\n Three Months Ended\n June 30, 2025\n Net earnings (loss) attributable to common shareholders             $          278               $          277                $           33               $           (4)                 $          (28)\n\n Pre-tax earnings (loss)                                             $          382               $          367                $           57               $          (14)                 $          (28)\n\n Non-GAAP Adjustments\n   Recognized (gains) and losses, net                                32                           (43)                          79                           (4)                             —\n   Market related liability adjustments                              (16)                         —                             (16)                         —                               —\n   Purchase price amortization                                       33                           13                            18                           2                               —\n   Transaction costs                                                 12                           —                             8                            4                               —\n Adjusted pre-tax earnings (loss)                                    $          443               $          337                $          146               $          (12)                 $          (28)\n\n Total non-GAAP, pre-tax adjustments                                 $           61               $          (30)               $           89               $             2                 $           —\n   Income taxes on non-GAAP adjustments                              (12)                         8                             (19)                         (1)                             —\n   Non-controlling interest on non-GAAP adjustments                  (14)                         —                             (14)                         —                               —\n   Deferred tax asset valuation allowance                            5                            5                             —                            —                               —\n Total non-GAAP adjustments                                          $           40               $          (17)               $           56               $             1                 $           —\n\n Adjusted net earnings (loss) attributable to common shareholders    $          318               $          260                $           89               $           (3)                 $          (28)\n\n Adjusted EPS attributable to common shareholders - diluted          $         1.16\n\n \n FIDELITY NATIONAL FINANCIAL, INC.\n YTD SEGMENT INFORMATION\n (In millions, except per share data)\n (Unaudited)\n\n                                                            Consolidated          Title                  F&G                 Corporate and             Elimination\n                                                                                                                             Other\n Six Months Ended\n June 30, 2026\n Direct title premiums                                      $     1,350           $     1,350            $      —            $         —               $           —\n Agency title premiums                                      1,755                 1,755                  —                   —                         —\n Escrow, title related and other fees                       2,284                 1,282                  909                 93                        —\n Total title and escrow                                     5,389                 4,387                  909                 93                        —\n\n Interest and investment income                             1,633                 177                    1,441               71                        (56)\n Recognized gains and losses, net                           255                   (32)                   258                 29                        —\n Total revenue                                              7,277                 4,532                  2,608               193                       (56)\n\n Personnel costs                                            1,792                 1,567                  137                 88                        —\n Agent commissions                                          1,357                 1,357                  —                   —                         —\n Other operating expenses                                   858                   734                    74                  50                        —\n Benefits & other policy reserve changes                    1,633                 —                      1,633               —                         —\n Market risk benefit (gains) losses                         105                   —                      105                 —                         —\n Depreciation and amortization                              434                   72                     348                 14                        —\n Provision for title claim losses                           140                   140                    —                   —                         —\n Interest expense                                           122                   —                      82                  40                        —\n Total expenses                                             6,441                 3,870                  2,379               192                       —\n\n Pre-tax earnings (loss) from continuing operations         $       836           $       662            $    229            $          1              $          (56)\n\n   Income tax expense (benefit)                             238                   161                    55                  22                        —\n   Earnings (loss) from equity investments                  (1)                   (1)                    —                   —                         —\n   Non-controlling interests                                66                    12                     54                  —                         —\n\n Net earnings (loss) attributable to common shareholders    $       531           $       488            $    120            $        (21)             $          (56)\n\n EPS attributable to common shareholders - basic            $      1.98\n\n EPS attributable to common shareholders - diluted          $      1.98\n\n Weighted average shares - basic                            268\n Weighted average shares - diluted                          268\n\n \n FIDELITY NATIONAL FINANCIAL, INC.\n YTD SEGMENT INFORMATION\n (In millions, except per share data)\n (Unaudited)\n\n                                                                     Consolidated                 Title                          F&G                     Corporate and                   Elimination\n                                                                                                                                                         Other\n Six Months Ended\n June 30, 2026\n Net earnings (loss) attributable to common shareholders             $          531               $          488                 $      120              $          (21)                 $          (56)\n\n Pre-tax earnings (loss)                                             $          836               $          662                 $      229              $             1                 $          (56)\n\n Non-GAAP Adjustments\n   Recognized (gains) and losses, net                                30                           32                             27                      (29)                            —\n   Market related liability adjustments                              (47)                         —                              (47)                    —                               —\n   Purchase price amortization                                       55                           22                             30                      3                               —\n   Transaction and other costs                                       19                           —                              19                      —                               —\n\n Adjusted pre-tax earnings (loss)                                    $          893               $          716                 $      258              $          (25)                 $          (56)\n\n Total non-GAAP, pre-tax adjustments                                 $           57               $           54                 $        29             $          (26)                 $           —\n   Income taxes on non-GAAP adjustments                              —                            (13)                           7                       6                               —\n   Deferred tax asset valuation allowance                            7                            7                              —                       —                               —\n   Non-controlling interest on non-GAAP adjustments                  (11)                         —                              (11)                    —                               —\n   Tax expense related to change in FG tax basis                     $           35               $           —                  $        —              $           35                  $           —\n Total non-GAAP adjustments                                          $           88               $           48                 $        25             $           15                  $           —\n\n Adjusted net earnings (loss) attributable to common shareholders    $          619               $          536                 $      145              $           (6)                 $          (56)\n\n Adjusted EPS attributable to common shareholders - diluted          $         2.31\n\n \n FIDELITY NATIONAL FINANCIAL, INC.\n YTD SEGMENT INFORMATION\n (In millions, except per share data)\n (Unaudited)\n                                                                                                         F&G\n Six Months Ended                                           Consolidated          Title                                                Corporate and                 Elimination\n                                                                                                                                       Other\n June 30, 2025\n Direct title premiums                                      $     1,142           $     1,142            $           —                 $           —                 $           —\n Agency title premiums                                      1,520                 1,520                  —                             —                             —\n Escrow, title related and other fees                       2,354                 1,138                  1,136                         80                            —\n Total title and escrow                                     5,016                 3,800                  1,136                         80                            —\n\n Interest and investment income                             1,537                 169                    1,348                         76                            (56)\n Recognized gains and losses, net                           (189)                 18                     (212)                         5                             —\n Total revenue                                              6,364                 3,987                  2,272                         161                           (56)\n\n Personnel costs                                            1,637                 1,421                  144                           72                            —\n Agent commissions                                          1,182                 1,182                  —                             —                             —\n Other operating expenses                                   793                   655                    83                            55                            —\n Benefits & other policy reserve changes                    1,517                 —                      1,517                         —                             —\n Market risk benefit (gains) losses                         105                   —                      105                           —                             —\n Depreciation and amortization                              396                   71                     311                           14                            —\n Provision for title claim losses                           120                   120                    —                             —                             —\n Interest expense                                           121                   —                      81                            40                            —\n Total expenses                                             5,871                 3,449                  2,241                         181                           —\n\n Pre-tax earnings (loss)                                    $       493           $       538            $           31                $          (20)               $          (56)\n\n   Income tax expense (benefit)                             127                   135                    10                            (18)                          —\n   Earnings from equity investments                         10                    10                     —                             —                             —\n   Non-controlling interests                                15                    9                      6                             —                             —\n\n Net earnings (loss) attributable to common shareholders    $       361           $       404            $           15                $           (2)               $          (56)\n\n EPS attributable to common shareholders - basic            $      1.33\n EPS attributable to common shareholders - diluted          $      1.32\n\n Weighted average shares - basic                            272\n Weighted average shares - diluted                          273\n\n \n FIDELITY NATIONAL FINANCIAL, INC.\n YTD SEGMENT INFORMATION\n (In millions, except per share data)\n (Unaudited)\n                                                                     Consolidated                Title                         F&G                    Corporate and                   Elimination\n                                                                                                                                                      Other\n Six Months Ended\n June 30, 2025\n Net earnings (loss) attributable to common shareholders             $          361              $          404                $        15            $           (2)                 $          (56)\n\n Pre-tax earnings (loss)                                             $          493              $          538                $        31            $          (20)                 $          (56)\n\n Non-GAAP Adjustments\n   Recognized (gains) and losses, net                                85                          (18)                          108                    (5)                             —\n   Market related liability adjustments                              87                          —                             87                     —                               —\n   Purchase price amortization                                       65                          28                            33                     4                               —\n   Transaction costs                                                 13                          —                             9                      4                               —\n\n Adjusted pre-tax earnings (loss)                                    $          743              $          548                $      268             $          (17)                 $          (56)\n\n Total non-GAAP, pre-tax adjustments                                 $          250              $           10                $       237            $             3                 $           —\n   Income taxes on non-GAAP adjustments                              (52)                        (2)                           (49)                   (1)                             —\n   Deferred tax asset valuation allowance                            6                           6                             —                      —                               —\n   Non-controlling interest on non-GAAP adjustments                  (34)                        —                             (34)                   —                               —\n Total non-GAAP adjustments                                          $          170              $           14                $      154             $             2                 $           —\n\n Adjusted net earnings (loss) attributable to common shareholders    $          531              $          418                $      169             $           —                   $          (56)\n\n Adjusted EPS attributable to common shareholders - diluted          $         1.95\n\n \n FIDELITY NATIONAL FINANCIAL, INC.\n SUMMARY BALANCE SHEET INFORMATION\n (In millions)\n\n                                                     June 30,                     December 31,\n                                                     2026                         2025\n                                                     (Unaudited)                  (Unaudited)\n Cash and investment portfolio                               $     77,523                  $     75,831\n Goodwill                                                    5,216                         5,272\n Title plant                                                 425                           424\n Total assets                                                114,528                       109,014\n Notes payable                                               4,378                         4,400\n Reserve for title claim losses                              1,715                         1,700\n Secured trust deposits                                      1,016                         731\n Accumulated other comprehensive (loss) earnings             (1,807)                       (1,678)\n Non-controlling interests                                   1,356                         1,548\n Total equity and non-controlling interests                  8,809                         8,972\n Total equity attributable to common shareholders            7,453                         7,424\n\nNon-GAAP Measures and Other Information\n\nTitle Segment\n\nThe table below reconciles pre-tax title earnings to adjusted pre-tax title\nearnings.\n                                        Three Months Ended                                       Six Months Ended\n (Dollars in millions)                  June 30, 2026                  June 30, 2025             June 30, 2026               June 30, 2025\n Pre-tax earnings                       $        451                   $        367              $           662             $           538\n Non-GAAP adjustments before taxes\n   Recognized (gains) and losses, net   (14)                           (43)                      32                          (18)\n   Purchase price amortization          11                             13                        22                          28\n Total non-GAAP adjustments             (3)                            (30)                      54                          10\n Adjusted pre-tax earnings              $        448                   $        337              $           716             $           548\n Adjusted pre-tax margin                17.8 %                         15.5 %                    15.7 %                      13.8 %\n\n \n FIDELITY NATIONAL FINANCIAL, INC.\n QUARTERLY OPERATING STATISTICS\n (Unaudited)\n\n                                          Q2 2026          Q1 2026          Q4 2025          Q3 2025          Q2 2025          Q1 2025          Q4 2024          Q3 2024\n Quarterly Opened Orders ('000's except % data)\n Total opened orders*                     391              389              332              370              366              343              299              352\n Total opened orders per day*             6.2              6.4              5.3              5.8              5.8              5.6              4.7              5.5\n Purchase % of opened orders              73 %             67 %             65 %             70 %             76 %             75 %             72 %             73 %\n Refinance % of opened orders             27 %             33 %             35 %             30 %             24 %             25 %             28 %             27 %\n Total closed orders*                     273              234              259              250              246              201              232              232\n Total closed orders per day*             4.3              3.8              4.1              3.9              3.9              3.3              3.7              3.6\n Purchase % of closed orders              72 %             63 %             65 %             74 %             75 %             75 %             72 %             77 %\n Refinance % of closed orders             28 %             37 %             35 %             26 %             25 %             25 %             28 %             23 %\n\n Commercial (millions, except orders in '000's)\n Total commercial revenue                 $    440         $    338         $    479         $    389         $    333         $    293         $    376         $    290\n Total commercial opened orders           57.9             55.2             51.4             54.8             54.1             52.6             47.5             50.8\n Total commercial closed orders           32.9             28.0             32.9             30.8             29.6             26.0             28.9             25.9\n\n National commercial revenue              $    258         $    182         $    277         $    209         $    178         $    149         $    208         $    151\n National commercial opened orders        24.4             23.7             22.5             24.3             23.7             22.7             20.7             21.9\n National commercial closed orders        13.5             11.7             14.2             13.1             12.0             10.2             11.8             10.4\n\n Total Fee Per File\n Fee per file                             $  4,107         $  3,655         $  4,099         $  3,994         $  3,894         $  3,761         $  3,909         $  3,708\n Residential fee per file                 $  2,976         $  2,639         $  2,722         $  2,908         $  3,001         $  2,776         $  2,772         $  2,881\n Total commercial fee per file            $ 13,400         $ 12,100         $ 14,600         $ 12,600         $ 11,300         $ 11,300         $ 13,000         $ 11,200\n National commercial fee per file         $ 19,200         $ 15,500         $ 19,500         $ 16,000         $ 14,900         $ 14,600         $ 17,600         $ 14,500\n\n Total Staffing\n Total field operations employees         11,000           10,700           10,600           10,600           10,500           10,200           10,300           10,400\n\n Actual title claims paid ($ millions)    $     67         $     57         $     80         $     58         $     66         $     65         $     75         $     64\n\nTitle Segment (continued)\n FIDELITY NATIONAL FINANCIAL, INC.\n MONTHLY TITLE ORDER STATISTICS\n\n                                Direct Orders Opened *                Direct Orders Closed *\n Month                   / (% Purchase)                        / (% Purchase)\n April 2026                     136,000       72 %                    92,000        68 %\n May 2026                       124,000       74 %                    87,000        73 %\n June 2026                      131,000       74 %                    94,000        74 %\n\n Second Quarter 2026            391,000       73 %                    273,000       72 %\n                                Direct Orders Opened *                Direct Orders Closed *\n Month                   / (% Purchase)                                / (% Purchase)\n April 2025                     127,000       74 %                    83,000        74 %\n May 2025                       121,000       76 %                    82,000        76 %\n June 2025                      118,000       76 %                    81,000        77 %\n\n Second Quarter 2025            366,000       76 %                    246,000       75 %\n * Includes an immaterial number of non-purchase and non-refinance orders\n\nF&G Segment\n\nThe table below reconciles net earnings (loss) attributable to common\nshareholders to adjusted net earnings attributable to common shareholders.\nThe F&G Segment is reported net of noncontrolling minority interest.\n                                                                        Three Months Ended                                                     Six Months Ended\n (Dollars in millions)                                                  June 30, 2026                         June 30, 2025                    June 30, 2026                     June 30, 2025\n Net (loss) earnings attributable to common shareholders                $          (55)                       $            33                  $          120                    $            15\n Non-GAAP adjustments((1)):\n Recognized (gains) losses, net                                         190                                   79                               27                                108\n Market related liability adjustments                                   (10)                                  (16)                             (47)                              87\n Purchase price amortization                                            15                                    18                               30                                33\n Transaction and other costs                                            14                                    8                                19                                9\n Income taxes on non-GAAP adjustments                                   (41)                                  (19)                             7                                 (49)\n Non-controlling interest on non-GAAP adjustments                       (48)                                  (14)                             (11)                              (34)\n Adjusted net earnings (loss) attributable to common shareholders((1))  $            65                       $            89                  $          145                    $          169\n\n * Adjusted net earnings were $65 million for the second quarter of\n2026. Investment income from alternative investments was $35 million, or\n$0.13 per share, below management's current long-term expected return of\napproximately 12%\n * Adjusted net earnings were $89 million for the second quarter of\n2025. Investment income from alternative investments was $55 million, or\n$0.21 per share, below management's long-term expected return\n * Adjusted net earnings of $145 million for the first six months ended June 30,\n2026 included $4 million, or $0.01 per share, from investment and other\nincome true-up adjustments. Investment income from alternative investments was\n$66 million, or $0.25 per share, below management's current long-term expected\nreturn\n * Adjusted net earnings of $169 million for the first six months ended June 30,\n2025 included $13 million, or $0.05 per share, of income from a reinsurance\ntrue-up adjustment. Investment income from alternative investments was $92\nmillion, or $0.34 per share, below management's long-term expected return Footnotes:\n   1.  Non-GAAP financial measure. See the Non-GAAP Measures section below for\n       additional information.\n\nF&G Segment (continued)\n\nThe table below provides a summary of sales highlights.\n                                                                 Three months ended                                               Six months ended\n (In millions)                                                   June 30, 2026                      June 30, 2025                 June 30, 2026                     June 30, 2025\n\n Indexed annuities (\"FIA/RILA\")                                  $         1,744                    $         1,701               $         3,323                   $         3,162\n Indexed universal life (\"IUL\")                                  42                                 53                            86                                96\n Pension risk transfer (\"PRT\")                                   232                                445                           549                               756\n Subtotal: Core sales                                            2,018                              2,199                         3,958                             4,014\n Fixed rate annuities (\"MYGA\")                                   101                                1,907                         284                               2,469\n Funding agreements (\"FABN/FHLB\")                                600                                —                             1,650                             525\n Subtotal: Opportunistic sales((2))                              701                                1,907                         1,934                             2,994\n Gross sales((1))                                                2,719                              4,106                         5,892                             7,008\n Sales attributable to flow reinsurance to third parties((3))    (1,255)                            (1,362)                       (2,183)                           (2,083)\n Net sales((1))                                                  1,464                              2,744                         3,709                             4,925\n\n Footnotes:\n   1.  Non-GAAP financial measure. See the Non-GAAP Measures section below for\n       additional information.\n   2.  Opportunistic sales volumes fluctuate quarter to quarter depending on\n       economics and market opportunity\n   3.  Sales attributable to flow reinsurance to third parties includes the\n       reinsurance sidecar\n\nDEFINITIONS\n\nThe following represents the definitions of non-GAAP measures used by the\nCompany.\n\nAdjusted Net Earnings attributable to common shareholders\n\nAdjusted net earnings attributable to common shareholders (ANE) is a non-GAAP\neconomic measure used to evaluate financial performance each period.\n\nANE eliminates the impact of specific items that are not indicative of the\nunderlying economics of our business, including certain market volatility,\nasymmetrical and noneconomic accounting, nonrecurring items and other income\nand expense adjustments. These items are volatile in our reported GAAP\nearnings and are not indicative of the underlying profitability drivers\nreflected in the design and pricing of our products and/or our investment and\nhedging strategy, as such items fluctuate from period to period in a manner\ninconsistent with these drivers.\n\nANE provides information to enhance an investor's understanding of our results\nand underlying profitability drivers by removing the impact of short-term\nmarket volatility (i.e. recognized gains and losses, market risk benefits\nremeasurement gains and losses, derivative gains and losses), asymmetrical and\nnon-economic accounting (i.e. derivatives and investment hedges that do not\nqualify for hedge accounting, deferred pension risk transfer deferred profit\nliability losses), and other adjustments.\n\nANE is calculated by adjusting net earnings or loss attributable to common\nshareholders to eliminate:\n i.     Recognized (gains) and losses, net: the impact of net investment gains/losses,\n        including changes in allowance for expected credit losses and other than\n        temporary impairment (\"OTTI\") losses, recognized in operations; and the\n        effects of changes in fair value of the reinsurance related embedded\n        derivative and other derivatives, including interest rate swaps and forwards;\n ii.    Market related liability adjustments: the impacts related to changes in the\n        fair value, including both realized and unrealized gains and losses, of index\n        product related derivatives and embedded derivatives, net of hedging cost; the\n        impact of initial pension risk transfer deferred profit liability losses,\n        including amortization from previously deferred pension risk transfer deferred\n        profit liability losses; and the changes in the fair value of market risk\n        benefits by deferring current period changes and amortizing that amount over\n        the life of the market risk benefit;\n iii.   Purchase price amortization: the impacts related to the amortization of\n        certain intangibles (internally developed software, trademarks and value of\n        distribution asset and the change in fair value of liabilities recognized as a\n        result of acquisition activities);\n iv.    Transaction costs: the impacts related to acquisition, integration and merger\n        related items;\n v.     Certain income tax adjustments: the impacts related to unusual tax items that\n        do not reflect our core operating performance such as the establishment or\n        reversal of significant deferred tax asset valuation allowances;\n vi.    Other and \"non-recurring,\" \"infrequent\" or \"unusual items\": Other adjustments\n        include removing any charges associated with U.S. guaranty fund assessments as\n        these charges neither relate to the ordinary course of the Company's business\n        nor reflect the Company's underlying business performance, but result from\n        external situations not controlled by the Company. Further, Management\n        excludes certain items determined to be \"non-recurring,\" \"infrequent\" or\n        \"unusual\" from adjusted net earnings when incurred if it is determined these\n        items are not a reflection of the core business and when the nature of the\n        item is such that it is not reasonably likely to recur within two years and/or\n        there was not a similar item in the preceding two years;\n vii.   Non-controlling interest on non-GAAP adjustments: the portion of the non-GAAP\n        adjustments attributable to the equity interest of entities that FNF does not\n        wholly own; and\n viii.  Income taxes: the income tax impact related to the above-mentioned adjustments\n        is measured using an effective tax rate, as appropriate by tax jurisdiction\n\nRecognized gains and losses are excluded from ANE as part of both adjustments\n(i) and (ii). As part of those two adjustments to ANE, all material recognized\ngains and losses are removed except for periodic settlements of interest rate\nswaps used to economically hedge floating rate investments.\n\nWhile these adjustments are an integral part of the overall performance of\nFNF, market conditions and/or the non-operating nature of these items can\novershadow the underlying performance of the core business. Accordingly,\nmanagement considers this to be a useful measure internally and to investors\nand analysts in analyzing the trends of our operations. Adjusted net earnings\nshould not be used as a substitute for net earnings (loss). However, we\nbelieve the adjustments made to net earnings (loss) in order to derive\nadjusted net earnings provide an understanding of our overall results of\noperations.\n\nAssets Under Management (AUM)\n\nAUM is comprised of the following components and is reported net of\nreinsurance assets ceded in accordance with GAAP:\n i.    total invested assets at amortized cost, excluding investments in\n       unconsolidated affiliates, owned distribution and derivatives;\n ii.   investments in unconsolidated affiliates at carrying value;\n iii.  related party loans and investments;\n iv.   accrued investment income;\n v.    the net payable/receivable for the purchase/sale of investments; and\n vi.   cash and cash equivalents excluding derivative collateral at the end of the\n       period.\n\nManagement considers this non-GAAP financial measure to be useful internally\nand to investors and analysts when assessing the size of our investment\nportfolio that is retained.\n\nAUM before Flow Reinsurance\n\nAUM before Flow Reinsurance is comprised of components consistent with AUM,\nbut also includes flow reinsured assets.\n\nManagement considers this non-GAAP financial measure to be useful internally\nand to investors and analysts when assessing the size of our investment\nportfolio including reinsured assets.\n\nAverage Assets Under Management (AAUM)\n\nAAUM is calculated as AUM at the beginning of the period and the end of each\nmonth in the period, divided by the total number of months in the period plus\none.\n\nManagement considers this non-GAAP financial measure to be useful internally\nand to investors and analysts when assessing the rate of return on retained\nassets.\n\nSales\n\nAnnuity, IUL, funding agreement and non-life contingent PRT sales are not\nderived from any specific GAAP income statement accounts or line items and\nshould not be viewed as a substitute for any financial measure determined in\naccordance with GAAP. Sales from these products are recorded as deposit\nliabilities (i.e., contractholder funds) within the Company's consolidated\nfinancial statements in accordance with GAAP. Life contingent PRT sales are\nrecorded as premiums in revenues within the consolidated financial statements.\nManagement believes that presentation of sales, as measured for management\npurposes, enhances the understanding of our business and helps depict longer\nterm trends that may not be apparent in the results of operations due to the\ntiming of sales and revenue recognition.\n\n \n\nView original\ncontent:https://www.prnewswire.com/news-releases/fnf-reports-second-quarter-2026-financial-results-302843960.html\n(https://www.prnewswire.com/news-releases/fnf-reports-second-quarter-2026-financial-results-302843960.html)\n\nSOURCE Fidelity National Financial, Inc.\n\n\n\nLisa Foxworthy-Parker, SVP of Investor & External Relations, Investors@fnf.com, 515.330.3307\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn6wzkpDa","title":"FNF Reports Second Quarter 2026 Financial Results","author":"PR Newswire","ticker":"FG","created":"2026-08-05T20:17:00.263Z","tickers":["FG","FNF"],"exchange":"NYSE","article_body":"FNF Reports Second Quarter 2026 Financial Results\n\nPR Newswire\n\nJACKSONVILLE, Fla., Aug. 5, 2026\n\nJACKSONVILLE, Fla., Aug. 5, 2026 /PRNewswire/ -- Fidelity National Financial,\nInc. (NYSE: FNF) (FNF or the Company), a leading provider of title insurance\nand transaction services to the real estate and mortgage industries and a\nleading provider of insurance solutions serving retail annuity and life\ncustomers and institutional clients through its majority-owned, publicly\ntraded subsidiary F&G Annuities & Life, Inc. (NYSE: FG) (F&G),\ntoday reported financial results for the three months ended June 30, 2026.\n\nNet earnings attributable to common shareholders for the second quarter were\n$288 million, or $1.08 per diluted share (per share), compared with net\nearnings of $278 million, or $1.02 per share, for the second quarter of 2025.\nNet earnings attributable to common shareholders include mark-to-market\neffects and non-recurring items; all of which are excluded from adjusted net\nearnings attributable to common shareholders.\n\nAdjusted net earnings attributable to common shareholders (adjusted net\nearnings) for the second quarter were $370 million, or $1.39 per share,\ncompared with $318 million, or $1.16 per share, for the second quarter of\n2025.\n\n * The Title Segment contributed $339 million for the second quarter, compared\nwith $260 million for the second quarter of 2025\n * The F&G Segment contributed $65 million for the second quarter, which\nreflects our approximately 72% ownership stake following the stock\ndistribution at year-end, compared with $89 million for the second quarter of\n2025, which reflected our approximately 82% ownership stake\n * The Corporate Segment adjusted net loss was $6 million for the second quarter,\nbefore eliminating dividend income from F&G in the consolidated financial\nstatements, compared with adjusted net loss of $3 million for the second\nquarter of 2025\n * FNF's consolidated adjusted net earnings include significant income and\nexpense items in the F&G Segment, as well as alternative investment\nportfolio short-term returns that differ from long-term return expectations.\nPlease see \"Segment Financial Results\" for F&G, as well as the \"Non-GAAP\nMeasures and Other Information\" section for further explanation\nCompany Highlights\n\n * Title Segment generated strong revenue and an industry leading margin despite\ndynamic environment: For the Title Segment, total revenue was $2.5 billion\nfor the second quarter, compared with $2.2 billion for the second quarter of\n2025. Total revenue, excluding recognized gains and losses, was $2.5 billion\nfor the second quarter, a 16% increase over the second quarter of 2025. Our\nindustry leading adjusted pre-tax title margin was 17.8% for the second\nquarter\n * F&G Segment achieved assets under management before reinsurance of nearly\n$75 billion: F&G achieved record assets under management before\nreinsurance of $74.7 billion at the end of the second quarter, an increase of\n8% over the second quarter of 2025. F&G's gross sales were $2.7 billion\nand net sales were $1.5 billion for the second quarter\n * Robust return of capital to shareholders: FNF returned approximately $195\nmillion of capital to shareholders in the second quarter through $138 million\nof common stock dividends and $57 million of share repurchases. This brought\nthe first half of 2026 capital returned to shareholders to approximately $417\nmillion, through $278 million of dividends and $139 million of share\nrepurchases. FNF ended the quarter with $457 million in cash and short-term\nliquid investments at the holding company\nWilliam P. Foley, II, Chairman, commented, \"Our second quarter results\nhighlight the strength of FNF's business model and the benefits of having two\ncomplementary market-leading franchises. In Title, we delivered an\nindustry-leading adjusted pre-tax title margin of 17.8% despite a residential\nmarket that remains constrained by elevated mortgage rates and historically\nlow transaction volumes. In F&G, assets under management before\nreinsurance approached $75 billion as the business continued to execute its\nstrategy of balancing growth, profitability and capital efficiency.\"\n\nMr. Foley added, \"Our businesses continue to generate strong and consistent\ncash flow, supporting a disciplined capital allocation strategy that balances\ninvesting for future growth while returning capital to shareholders. During\nthe second quarter, we returned approximately $195 million of capital through\ndividends and share repurchases, bringing total capital returned during the\nfirst six months of 2026 to approximately $417 million. With strong market\npositions and financial flexibility, we believe FNF remains exceptionally well\npositioned to create long-term value for our shareholders.\"\n\nSummary Financial Results\n (In millions, except per share data)                        Three Months Ended                           Year to Date\n                                                             June 30, 2026              June 30, 2025     2026                     2025\n Total revenue                                               $     4,051                $      3,635      $      7,277             $       6,364\n F&G AUM before reinsurance(1)                               $   74,687                 $    69,161       $    74,687              $     69,161\n F&G assets under management (AUM)(1)                        $   55,868                 $    55,565       $    55,868              $     55,565\n F&G gross sales(1)                                          $     2,719                $      4,106      $      5,892             $       7,008\n F&G net sales(1)                                            $     1,464                $      2,744      $      3,709             $       4,925\n Total assets                                                $ 114,528                  $  102,331        $  114,528               $   102,331\n Adjusted pre-tax title margin                               17.8 %                     15.5 %            15.7 %                   13.8 %\n Net earnings attributable to common shareholders            $        288               $        278      $        531             $          361\n Net earnings per share attributable to common shareholders  $       1.08               $       1.02      $       1.98             $         1.32\n Adjusted net earnings(1)                                    $        370               $        318      $        619             $          531\n Adjusted net earnings per share(1)                          $       1.39               $       1.16      $       2.31             $         1.95\n Weighted average common diluted shares                      267                        273               268                      273\n Total common shares outstanding                             268                        272               268                      272\n\n _____________________________\n (1) See definition of non-GAAP measures below\n\nSegment Financial Results\n\nTitle Segment\n\nThis segment consists of the operations of the Company's title insurance\nunderwriters and related businesses, which provide core title insurance and\nescrow and other title-related services including loan sub-servicing,\nvaluations, default services and home warranty.\n\nMike Nolan, Chief Executive Officer, added, \"The Title business delivered an\noutstanding second quarter, generating adjusted pre-tax title earnings of $448\nmillion, up 33% over the prior year, and an industry-leading adjusted pre-tax\ntitle margin of 17.8%. These results reflect strength across our commercial,\nresidential, and agency businesses, supported by disciplined expense\nmanagement and the benefits of our scale and operating platform.  Commercial\nremains a meaningful driver of our performance as transaction activity and fee\nper file continue to trend higher, positioning us for what could be one of the\nstrongest commercial years in our history.\"\n\nMr. Nolan continued, \"We are also seeing the benefits of our investments in\ntechnology, automation and artificial intelligence. As the leading provider of\ntitle and settlement services, FNF provides the rails upon which real estate\ntransactions run, by orchestrating complex multi-party settlements,\nsafeguarding the movement of funds and mitigating fraud in every transaction.\nBy embedding AI capabilities into these workflows, we believe we can drive\nsignificant value over time by enhancing efficiency, reducing risk,\nstrengthening fraud prevention and improving the customer experience across\nreal estate transactions.  Combined with the significant operating leverage\nembedded in our model, we believe we are exceptionally well positioned to\nbenefit from the continued strength in commercial and an eventual recovery in\nresidential transaction volumes.\"\n\nSecond Quarter 2026 Highlights\n\n * Total revenue was $2.5 billion, compared with $2.2 billion for the second\nquarter of 2025\n * Total revenue, excluding recognized gains and losses, was $2.5 billion, a 16%\nincrease over the second quarter of 2025\n* Direct title premiums were $767 million, a 21% increase over the second\nquarter of 2025\n * Agency title premiums were $967 million, a 15% increase over the second\nquarter of 2025\n * Commercial revenue was $440 million, a 32% increase over the second quarter of\n2025\n * Purchase orders opened increased 3% on a daily basis and purchase orders\nclosed increased 4% on a daily basis compared with the second quarter of 2025\n * Refinance orders opened increased 16% on a daily basis and refinance orders\nclosed increased 26% on a daily basis over the second quarter of 2025\n * Commercial orders opened increased 7% and commercial orders closed increased\n11% over the second quarter of 2025\n * Total fee per file was $4,107 for the second quarter, a 5% increase from the\nsecond quarter of 2025\nSecond Quarter 2026 Financial Results\n\n * Pre-tax title margin was 17.8% and industry leading adjusted pre-tax title\nmargin was 17.8% for the second quarter, compared with 16.6% and 15.5%,\nrespectively, for the second quarter of 2025\n * Pre-tax earnings in Title for the second quarter were $451 million, compared\nwith $367 million for the second quarter of 2025\n * Adjusted pre-tax earnings in Title were $448 million for the second quarter,\nan increase of 33% over $337 million for the second quarter of 2025, driven\nprimarily by higher direct operating revenue and agent premiums. Direct title\noperating revenue increased 17% and agent premiums increased 15% over the\nsecond quarter of 2025\nF&G Segment\n\nThis segment consists of operations of FNF's majority-owned subsidiary\nF&G, a leading provider of insurance solutions serving retail annuity and\nlife customers and funding agreement and pension risk transfer institutional\nclients.\n\nConor Murphy, F&G's Chief Executive Officer and President, commented, \"The\nsecond quarter reflects the strength and resilience of the business we have\nbuilt at F&G. We achieved record assets under management before\nreinsurance of $74.7 billion underpinned by continued momentum in core retail,\nwhile maintaining our disciplined approach to sales, pricing and capital\nallocation. Our investment portfolio continues to perform well, with strong\ncredit performance and impairments remaining below pricing assumptions,\nreinforcing the consistent earnings power of our business. Combined with our\ndiversified distribution platform and strategic reinsurance relationships, we\nbelieve F&G is well positioned to navigate a dynamic market environment.\"\n\nMr. Murphy continued, \"Having spent the past year working closely with our\nemployees, distribution partners and leadership team, my confidence in the\nfuture of F&G has only grown stronger. We see meaningful opportunities to\nfurther scale our fee-based, higher-margin and less capital-intensive earnings\nstreams while continuing to grow our core spread-based franchise. Supported by\nstrong inforce earnings generation, substantial financial flexibility and\nfavorable demographic trends, we are confident in our ability to grow assets\nunder management, expand returns and create long-term shareholder value.\"\n\nSecond Quarter 2026\n\n * AUM before flow reinsurance was $74.7 billion at the end of the second\nquarter, an increase of 8% over the second quarter of 2025.  This included\nretained AUM of $55.9 billion, an increase of 1% over the second quarter of\n2025; retained AUM reflects positive asset flows offset by $1.8 billion\ninforce block ceded with the F&G Life Re (Bermuda) sale effective March 1,\n2026 and a $750 million funding agreement-backed note maturity in the second\nquarter of 2026\n * Gross sales were $2.7 billion for the second quarter, compared with $4.1\nbillion for the second quarter of 2025 which included near record\nopportunistic sales; reflects our commitment to manage growth for the\nlong-term\n * Core sales were $2.0 billion for the second quarter, compared with $2.2\nbillion for the second quarter of 2025; reflects strong momentum with $1.8\nbillion of core retail (indexed annuity and indexed universal life), one of\nour strongest quarters on record, and $0.2 billion of pension risk transfer\nsales\n * Opportunistic sales were $0.7 billion for the second quarter, compared with\n$1.9 billion for the second quarter of 2025; reflects lower multiyear\nguaranteed annuities partially offset by higher funding agreements.\nOpportunistic volumes vary quarter to quarter depending on economics and\nmarket opportunity\n * Net sales were $1.5 billion for the second quarter, compared with $2.7 billion\nfor the second quarter of 2025; reflects flow reinsurance in line with capital\ntargets for multiyear guaranteed annuities and fixed indexed annuities\n * F&G Segment net loss attributable to common shareholders was $55 million\nfor the second quarter which included unfavorable mark-to-market movement,\ncompared to net earnings of $33 million for the second quarter of 2025 which\nincluded unfavorable mark-to-market movement\n * F&G Segment adjusted net earnings attributable to common shareholders were\n$65 million for the second quarter which reflects our approximately 72%\nownership stake following the stock distribution at year-end, compared with\n$89 million for the second quarter of 2025, which reflected our approximately\n82% ownership stake\n* F&G Segment adjusted net earnings were $65 million for the second\nquarter\nof 2026. Investment income from alternative investments was $35 million, or\n$0.13 per share, below management's current long-term expected return of\napproximately 12%\n * F&G Segment adjusted net earnings were $89 million for the second quarter\nof 2025. Investment income from alternative investments was $55 million, or\n$0.21 per share, below management's long-term expected return\n * As compared with the prior year quarter and excluding the above items,\nadjusted net earnings reflect consistent core spread as the business\nmaintained disciplined pricing. Total product margin was reduced after\nreflecting the F&G Life Re (Bermuda) sale, as well as lower surrender\ncharge fee income and higher other liability costs, as expected. These items\nwere partially offset by asset growth, steady fees from accretive flow\nreinsurance and owned distribution margin, and disciplined expense management\nwhich continued to drive scale benefit\nConference Call\n\nWe will host a call with investors and analysts to discuss FNF's second\nquarter of 2026 results on Thursday, August 6, 2026, beginning at 11:00 a.m.\nEastern Time.  A live webcast of the conference call will be available on the\nEvents and Multimedia page of the FNF Investor Relations website at fnf.com.\nThe conference call replay will be available via webcast through the FNF\nInvestor Relations website at fnf.com.\n\nAbout Fidelity National Financial, Inc.\n\nFidelity National Financial, Inc. (NYSE: FNF) is a leading provider of title\ninsurance and transaction services to the real estate and mortgage\nindustries.  FNF is the nation's largest title insurance company through its\ntitle insurance underwriters - Fidelity National Title, Chicago Title,\nCommonwealth Land Title, Alamo Title and National Title of New York - that\ncollectively issue more title insurance policies than any other title company\nin the United States.  More information about FNF can be found at fnf.com.\n\nAbout F&G\n\nF&G is part of the FNF family of companies. F&G is committed to\nhelping Americans turn their aspirations into reality. F&G is a leading\nprovider of insurance solutions serving retail annuity and life customers and\ninstitutional clients and is headquartered in Des Moines, Iowa. For more\ninformation, please visit fglife.com.\n\nUse of Non-GAAP Financial Information\n\nGenerally Accepted Accounting Principles (GAAP) is the term used to refer to\nthe standard framework of guidelines for financial accounting. GAAP includes\nthe standards, conventions, and rules accountants follow in recording and\nsummarizing transactions and in the preparation of financial statements. In\naddition to reporting financial results in accordance with GAAP, this earnings\nrelease includes non-GAAP financial measures, which the Company believes are\nuseful to help investors better understand its financial performance,\ncompetitive position and prospects for the future. These non-GAAP measures\ninclude adjusted net earnings per share, adjusted pre-tax title earnings,\nadjusted pre-tax title earnings as a percentage of adjusted title revenue\n(adjusted pre-tax title margin), adjusted net earnings attributable to common\nshareholders (adjusted net earnings), assets under management (AUM), average\nassets under management (AAUM) and sales.\n\nManagement believes these non-GAAP financial measures may be useful in certain\ninstances to provide additional meaningful comparisons between current results\nand results in prior operating periods.  Our non-GAAP measures may not be\ncomparable to similarly titled measures of other organizations because other\norganizations may not calculate such non-GAAP measures in the same manner as\nwe do.\n\nThe presentation of this financial information is not intended to be\nconsidered in isolation of or as a substitute for, or superior to, the\nfinancial information prepared and presented in accordance with GAAP.  By\ndisclosing these non-GAAP financial measures, FNF believes it offers investors\na greater understanding of, and an enhanced level of transparency into, the\nmeans by which the Company's management operates the Company.\n\nAny non-GAAP measures should be considered in context with the GAAP financial\npresentation and should not be considered in isolation or as a substitute for\nGAAP net earnings, net earnings attributable to common shareholders, net\nearnings per share, or any other measures derived in accordance with GAAP as\nmeasures of operating performance or liquidity. Further, FNF's non-GAAP\nmeasures may be calculated differently from similarly titled measures of other\ncompanies. Reconciliations of these non-GAAP financial measures to the most\ndirectly comparable GAAP measures are provided below.\n\nForward-Looking Statements and Risk Factors\n\nThis press release contains forward-looking statements that involve a number\nof risks and uncertainties. Statements that are not historical facts,\nincluding statements regarding our expectations, hopes, intentions or\nstrategies regarding the future are forward-looking statements.\nForward-looking statements are based on management's beliefs, as well as\nassumptions made by, and information currently available to, management.\nBecause such statements are based on expectations as to future financial and\noperating results and are not statements of fact, actual results may differ\nmaterially from those projected. We undertake no obligation to update any\nforward-looking statements, whether as a result of new information, future\nevents or otherwise. The risks and uncertainties which forward-looking\nstatements are subject to include, but are not limited to: changes in general\neconomic, business, political crisis, war and pandemic conditions, including\nongoing geopolitical conflicts; consumer spending; government spending; the\nvolatility and strength of the capital markets; investor and consumer\nconfidence; foreign currency exchange rates; commodity prices; inflation\nlevels; changes in trade policy; tariffs and trade sanctions on goods; trade\nwars; supply chain disruptions; weakness or adverse changes in the level of\nreal estate activity, which may be caused by, among other things, high or\nincreasing interest rates, a limited supply of mortgage funding or a weak U.S.\neconomy; our potential inability to find suitable acquisition candidates; our\ndependence on distributions from our title insurance underwriters as a main\nsource of cash flow; significant competition that F&G and our operating\nsubsidiaries face; compliance with extensive government regulation of our\noperating subsidiaries, including regulation of title insurance and services\nand privacy and data protection laws; systems damage, failures, interruptions,\ncyberattacks and intrusions, or unauthorized data disclosures; and other risks\ndetailed in the \"Statement Regarding Forward-Looking Information,\" \"Risk\nFactors\" and other sections of FNF's Form 10-K and other filings with the\nSecurities and Exchange Commission.\n\nFNF-E\n FIDELITY NATIONAL FINANCIAL, INC.\n SECOND QUARTER SEGMENT INFORMATION\n (In millions, except per share data)\n (Unaudited)\n\n                                                            Consolidated          Title                  F&G                     Corporate and                   Elimination\n                                                                                                                                 Other\n Three Months Ended\n June 30, 2026\n Direct title premiums                                      $       767           $       767            $        —              $           —                   $           —\n Agency title premiums                                      967                   967                    —                       —                               —\n Escrow, title related and other fees                       1,173                 694                    413                     66                              —\n Total title and escrow                                     2,907                 2,428                  413                     66                              —\n\n Interest and investment income                             811                   86                     718                     35                              (28)\n Recognized gains and losses, net                           333                   14                     290                     29                              —\n Total revenue                                              4,051                 2,528                  1,421                   130                             (28)\n\n Personnel costs                                            965                   819                    77                      69                              —\n Agent commissions                                          749                   749                    —                       —                               —\n Other operating expenses                                   460                   394                    41                      25                              —\n Benefits & other policy reserve changes                    1,149                 —                      1,149                   —                               —\n Market risk benefit (gains) losses                         32                    —                      32                      —                               —\n Depreciation and amortization                              219                   37                     175                     7                               —\n Provision for title claim losses                           78                    78                     —                       —                               —\n Interest expense                                           61                    —                      41                      20                              —\n Total expenses                                             3,713                 2,077                  1,515                   121                             —\n\n Pre-tax earnings (loss)                                    $       338           $       451            $       (94)            $             9                 $          (28)\n\n   Income tax expense (benefit)                             63                    92                     (19)                    (10)                            —\n  Earnings from equity investments                          1                     1                      —                       —                               —\n   Non-controlling interests                                (12)                  8                      (20)                    —                               —\n\n Net earnings (loss) attributable to common shareholders    $       288           $       352            $       (55)            $           19                  $          (28)\n\n EPS attributable to common shareholders - basic            $      1.08\n\n EPS attributable to common shareholders - diluted          $      1.08\n\n Weighted average shares - basic                            267\n Weighted average shares - diluted                          267\n\n \n FIDELITY NATIONAL FINANCIAL, INC.\n SECOND QUARTER SEGMENT INFORMATION\n (In millions, except per share data)\n (Unaudited)\n\n                                                                     Consolidated                 Title                            F&G                    Corporate and                   Elimination\n                                                                                                                                                          Other\n Three Months Ended\n June 30, 2026\n Net earnings (loss) attributable to common shareholders             $          288               $          352                   $       (55)           $           19                  $          (28)\n\n Pre-tax earnings (loss)                                             $          338               $          451                   $       (94)           $             9                 $          (28)\n\n  Non-GAAP Adjustments\n   Recognized (gains) and losses, net                                147                          (14)                             190                    (29)                            —\n   Market related liability adjustments                              (10)                         —                                (10)                   —                               —\n   Purchase price amortization                                       28                           11                               15                     2                               —\n   Transaction and other costs                                       14                           —                                14                     —                               —\n\n Adjusted pre-tax earnings (loss)                                    $          517               $          448                   $       115            $          (18)                 $          (28)\n\n Total non-GAAP, pre-tax adjustments                                 $          179               $            (3)                 $       209            $          (27)                 $           —\n   Income taxes on non-GAAP adjustments                              (34)                         1                                (41)                   6                               —\n   Non-controlling interest on non-GAAP adjustments                  (48)                         —                                (48)                   —                               —\n   Deferred tax asset valuation allowance                            (11)                         (11)                             —                      —                               —\n   Tax (benefit) expense related to change in FG tax  basis          (4)                          —                                —                      (4)                             —\n Total non-GAAP adjustments                                          $           82               $          (13)                  $       120            $          (25)                 $           —\n\n Adjusted net earnings (loss) attributable to common shareholders    $          370               $          339                   $        65            $           (6)                 $          (28)\n\n Adjusted EPS attributable to common shareholders - diluted          $         1.39\n\n \n FIDELITY NATIONAL FINANCIAL, INC.\n SECOND QUARTER SEGMENT INFORMATION\n (In millions, except per share data)\n (Unaudited)\n\n                                                            Consolidated          Title                  F&G                     Corporate and                 Elimination\n                                                                                                                                 Other\n Three Months Ended\n June 30, 2025\n Direct title premiums                                      $       632           $       632            $        —              $           —                 $           —\n Agency title premiums                                      839                   839                    —                       —                             —\n Escrow, title related and other fees                       1,289                 613                    631                     45                            —\n Total title and escrow                                     2,760                 2,084                  631                     45                            —\n\n Interest and investment income                             777                   86                     682                     37                            (28)\n Recognized gains and losses, net                           98                    43                     51                      4                             —\n Total revenue                                              3,635                 2,213                  1,364                   86                            (28)\n\n Personnel costs                                            867                   749                    77                      41                            —\n Agent commissions                                          654                   654                    —                       —                             —\n Other operating expenses                                   416                   342                    42                      32                            —\n Benefits & other policy reserve changes                    993                   —                      993                     —                             —\n Market risk benefit (gains) losses                         (4)                   —                      (4)                     —                             —\n Depreciation and amortization                              200                   35                     158                     7                             —\n Provision for title claim losses                           66                    66                     —                       —                             —\n Interest expense                                           61                    —                      41                      20                            —\n Total expenses                                             3,253                 1,846                  1,307                   100                           —\n\n Pre-tax earnings (loss)                                    $       382           $       367            $        57             $          (14)               $          (28)\n\n   Income tax expense (benefit)                             98                    93                     15                      (10)                          —\n   Earnings from equity investments                         9                     9                      —                       —                             —\n   Non-controlling interests                                15                    6                      9                       —                             —\n\n Net earnings (loss) attributable to common shareholders    $       278           $       277            $        33             $           (4)               $          (28)\n\n EPS attributable to common shareholders - basic            $      1.02\n\n EPS attributable to common shareholders - diluted          $      1.02\n\n Weighted average shares - basic                            272\n Weighted average shares - diluted                          273\n\n \n FIDELITY NATIONAL FINANCIAL, INC.\n SECOND QUARTER SEGMENT INFORMATION\n (In millions, except per share data)\n (Unaudited)\n\n                                                                     Consolidated                 Title                         F&G                          Corporate and                   Elimination\n                                                                                                                                                             Other\n Three Months Ended\n June 30, 2025\n Net earnings (loss) attributable to common shareholders             $          278               $          277                $           33               $           (4)                 $          (28)\n\n Pre-tax earnings (loss)                                             $          382               $          367                $           57               $          (14)                 $          (28)\n\n Non-GAAP Adjustments\n   Recognized (gains) and losses, net                                32                           (43)                          79                           (4)                             —\n   Market related liability adjustments                              (16)                         —                             (16)                         —                               —\n   Purchase price amortization                                       33                           13                            18                           2                               —\n   Transaction costs                                                 12                           —                             8                            4                               —\n Adjusted pre-tax earnings (loss)                                    $          443               $          337                $          146               $          (12)                 $          (28)\n\n Total non-GAAP, pre-tax adjustments                                 $           61               $          (30)               $           89               $             2                 $           —\n   Income taxes on non-GAAP adjustments                              (12)                         8                             (19)                         (1)                             —\n   Non-controlling interest on non-GAAP adjustments                  (14)                         —                             (14)                         —                               —\n   Deferred tax asset valuation allowance                            5                            5                             —                            —                               —\n Total non-GAAP adjustments                                          $           40               $          (17)               $           56               $             1                 $           —\n\n Adjusted net earnings (loss) attributable to common shareholders    $          318               $          260                $           89               $           (3)                 $          (28)\n\n Adjusted EPS attributable to common shareholders - diluted          $         1.16\n\n \n FIDELITY NATIONAL FINANCIAL, INC.\n YTD SEGMENT INFORMATION\n (In millions, except per share data)\n (Unaudited)\n\n                                                            Consolidated          Title                  F&G                 Corporate and             Elimination\n                                                                                                                             Other\n Six Months Ended\n June 30, 2026\n Direct title premiums                                      $     1,350           $     1,350            $      —            $         —               $           —\n Agency title premiums                                      1,755                 1,755                  —                   —                         —\n Escrow, title related and other fees                       2,284                 1,282                  909                 93                        —\n Total title and escrow                                     5,389                 4,387                  909                 93                        —\n\n Interest and investment income                             1,633                 177                    1,441               71                        (56)\n Recognized gains and losses, net                           255                   (32)                   258                 29                        —\n Total revenue                                              7,277                 4,532                  2,608               193                       (56)\n\n Personnel costs                                            1,792                 1,567                  137                 88                        —\n Agent commissions                                          1,357                 1,357                  —                   —                         —\n Other operating expenses                                   858                   734                    74                  50                        —\n Benefits & other policy reserve changes                    1,633                 —                      1,633               —                         —\n Market risk benefit (gains) losses                         105                   —                      105                 —                         —\n Depreciation and amortization                              434                   72                     348                 14                        —\n Provision for title claim losses                           140                   140                    —                   —                         —\n Interest expense                                           122                   —                      82                  40                        —\n Total expenses                                             6,441                 3,870                  2,379               192                       —\n\n Pre-tax earnings (loss) from continuing operations         $       836           $       662            $    229            $          1              $          (56)\n\n   Income tax expense (benefit)                             238                   161                    55                  22                        —\n   Earnings (loss) from equity investments                  (1)                   (1)                    —                   —                         —\n   Non-controlling interests                                66                    12                     54                  —                         —\n\n Net earnings (loss) attributable to common shareholders    $       531           $       488            $    120            $        (21)             $          (56)\n\n EPS attributable to common shareholders - basic            $      1.98\n\n EPS attributable to common shareholders - diluted          $      1.98\n\n Weighted average shares - basic                            268\n Weighted average shares - diluted                          268\n\n \n FIDELITY NATIONAL FINANCIAL, INC.\n YTD SEGMENT INFORMATION\n (In millions, except per share data)\n (Unaudited)\n\n                                                                     Consolidated                 Title                          F&G                     Corporate and                   Elimination\n                                                                                                                                                         Other\n Six Months Ended\n June 30, 2026\n Net earnings (loss) attributable to common shareholders             $          531               $          488                 $      120              $          (21)                 $          (56)\n\n Pre-tax earnings (loss)                                             $          836               $          662                 $      229              $             1                 $          (56)\n\n Non-GAAP Adjustments\n   Recognized (gains) and losses, net                                30                           32                             27                      (29)                            —\n   Market related liability adjustments                              (47)                         —                              (47)                    —                               —\n   Purchase price amortization                                       55                           22                             30                      3                               —\n   Transaction and other costs                                       19                           —                              19                      —                               —\n\n Adjusted pre-tax earnings (loss)                                    $          893               $          716                 $      258              $          (25)                 $          (56)\n\n Total non-GAAP, pre-tax adjustments                                 $           57               $           54                 $        29             $          (26)                 $           —\n   Income taxes on non-GAAP adjustments                              —                            (13)                           7                       6                               —\n   Deferred tax asset valuation allowance                            7                            7                              —                       —                               —\n   Non-controlling interest on non-GAAP adjustments                  (11)                         —                              (11)                    —                               —\n   Tax expense related to change in FG tax basis                     $           35               $           —                  $        —              $           35                  $           —\n Total non-GAAP adjustments                                          $           88               $           48                 $        25             $           15                  $           —\n\n Adjusted net earnings (loss) attributable to common shareholders    $          619               $          536                 $      145              $           (6)                 $          (56)\n\n Adjusted EPS attributable to common shareholders - diluted          $         2.31\n\n \n FIDELITY NATIONAL FINANCIAL, INC.\n YTD SEGMENT INFORMATION\n (In millions, except per share data)\n (Unaudited)\n                                                                                                         F&G\n Six Months Ended                                           Consolidated          Title                                                Corporate and                 Elimination\n                                                                                                                                       Other\n June 30, 2025\n Direct title premiums                                      $     1,142           $     1,142            $           —                 $           —                 $           —\n Agency title premiums                                      1,520                 1,520                  —                             —                             —\n Escrow, title related and other fees                       2,354                 1,138                  1,136                         80                            —\n Total title and escrow                                     5,016                 3,800                  1,136                         80                            —\n\n Interest and investment income                             1,537                 169                    1,348                         76                            (56)\n Recognized gains and losses, net                           (189)                 18                     (212)                         5                             —\n Total revenue                                              6,364                 3,987                  2,272                         161                           (56)\n\n Personnel costs                                            1,637                 1,421                  144                           72                            —\n Agent commissions                                          1,182                 1,182                  —                             —                             —\n Other operating expenses                                   793                   655                    83                            55                            —\n Benefits & other policy reserve changes                    1,517                 —                      1,517                         —                             —\n Market risk benefit (gains) losses                         105                   —                      105                           —                             —\n Depreciation and amortization                              396                   71                     311                           14                            —\n Provision for title claim losses                           120                   120                    —                             —                             —\n Interest expense                                           121                   —                      81                            40                            —\n Total expenses                                             5,871                 3,449                  2,241                         181                           —\n\n Pre-tax earnings (loss)                                    $       493           $       538            $           31                $          (20)               $          (56)\n\n   Income tax expense (benefit)                             127                   135                    10                            (18)                          —\n   Earnings from equity investments                         10                    10                     —                             —                             —\n   Non-controlling interests                                15                    9                      6                             —                             —\n\n Net earnings (loss) attributable to common shareholders    $       361           $       404            $           15                $           (2)               $          (56)\n\n EPS attributable to common shareholders - basic            $      1.33\n EPS attributable to common shareholders - diluted          $      1.32\n\n Weighted average shares - basic                            272\n Weighted average shares - diluted                          273\n\n \n FIDELITY NATIONAL FINANCIAL, INC.\n YTD SEGMENT INFORMATION\n (In millions, except per share data)\n (Unaudited)\n                                                                     Consolidated                Title                         F&G                    Corporate and                   Elimination\n                                                                                                                                                      Other\n Six Months Ended\n June 30, 2025\n Net earnings (loss) attributable to common shareholders             $          361              $          404                $        15            $           (2)                 $          (56)\n\n Pre-tax earnings (loss)                                             $          493              $          538                $        31            $          (20)                 $          (56)\n\n Non-GAAP Adjustments\n   Recognized (gains) and losses, net                                85                          (18)                          108                    (5)                             —\n   Market related liability adjustments                              87                          —                             87                     —                               —\n   Purchase price amortization                                       65                          28                            33                     4                               —\n   Transaction costs                                                 13                          —                             9                      4                               —\n\n Adjusted pre-tax earnings (loss)                                    $          743              $          548                $      268             $          (17)                 $          (56)\n\n Total non-GAAP, pre-tax adjustments                                 $          250              $           10                $       237            $             3                 $           —\n   Income taxes on non-GAAP adjustments                              (52)                        (2)                           (49)                   (1)                             —\n   Deferred tax asset valuation allowance                            6                           6                             —                      —                               —\n   Non-controlling interest on non-GAAP adjustments                  (34)                        —                             (34)                   —                               —\n Total non-GAAP adjustments                                          $          170              $           14                $      154             $             2                 $           —\n\n Adjusted net earnings (loss) attributable to common shareholders    $          531              $          418                $      169             $           —                   $          (56)\n\n Adjusted EPS attributable to common shareholders - diluted          $         1.95\n\n \n FIDELITY NATIONAL FINANCIAL, INC.\n SUMMARY BALANCE SHEET INFORMATION\n (In millions)\n\n                                                     June 30,                     December 31,\n                                                     2026                         2025\n                                                     (Unaudited)                  (Unaudited)\n Cash and investment portfolio                               $     77,523                  $     75,831\n Goodwill                                                    5,216                         5,272\n Title plant                                                 425                           424\n Total assets                                                114,528                       109,014\n Notes payable                                               4,378                         4,400\n Reserve for title claim losses                              1,715                         1,700\n Secured trust deposits                                      1,016                         731\n Accumulated other comprehensive (loss) earnings             (1,807)                       (1,678)\n Non-controlling interests                                   1,356                         1,548\n Total equity and non-controlling interests                  8,809                         8,972\n Total equity attributable to common shareholders            7,453                         7,424\n\nNon-GAAP Measures and Other Information\n\nTitle Segment\n\nThe table below reconciles pre-tax title earnings to adjusted pre-tax title\nearnings.\n                                        Three Months Ended                                       Six Months Ended\n (Dollars in millions)                  June 30, 2026                  June 30, 2025             June 30, 2026               June 30, 2025\n Pre-tax earnings                       $        451                   $        367              $           662             $           538\n Non-GAAP adjustments before taxes\n   Recognized (gains) and losses, net   (14)                           (43)                      32                          (18)\n   Purchase price amortization          11                             13                        22                          28\n Total non-GAAP adjustments             (3)                            (30)                      54                          10\n Adjusted pre-tax earnings              $        448                   $        337              $           716             $           548\n Adjusted pre-tax margin                17.8 %                         15.5 %                    15.7 %                      13.8 %\n\n \n FIDELITY NATIONAL FINANCIAL, INC.\n QUARTERLY OPERATING STATISTICS\n (Unaudited)\n\n                                          Q2 2026          Q1 2026          Q4 2025          Q3 2025          Q2 2025          Q1 2025          Q4 2024          Q3 2024\n Quarterly Opened Orders ('000's except % data)\n Total opened orders*                     391              389              332              370              366              343              299              352\n Total opened orders per day*             6.2              6.4              5.3              5.8              5.8              5.6              4.7              5.5\n Purchase % of opened orders              73 %             67 %             65 %             70 %             76 %             75 %             72 %             73 %\n Refinance % of opened orders             27 %             33 %             35 %             30 %             24 %             25 %             28 %             27 %\n Total closed orders*                     273              234              259              250              246              201              232              232\n Total closed orders per day*             4.3              3.8              4.1              3.9              3.9              3.3              3.7              3.6\n Purchase % of closed orders              72 %             63 %             65 %             74 %             75 %             75 %             72 %             77 %\n Refinance % of closed orders             28 %             37 %             35 %             26 %             25 %             25 %             28 %             23 %\n\n Commercial (millions, except orders in '000's)\n Total commercial revenue                 $    440         $    338         $    479         $    389         $    333         $    293         $    376         $    290\n Total commercial opened orders           57.9             55.2             51.4             54.8             54.1             52.6             47.5             50.8\n Total commercial closed orders           32.9             28.0             32.9             30.8             29.6             26.0             28.9             25.9\n\n National commercial revenue              $    258         $    182         $    277         $    209         $    178         $    149         $    208         $    151\n National commercial opened orders        24.4             23.7             22.5             24.3             23.7             22.7             20.7             21.9\n National commercial closed orders        13.5             11.7             14.2             13.1             12.0             10.2             11.8             10.4\n\n Total Fee Per File\n Fee per file                             $  4,107         $  3,655         $  4,099         $  3,994         $  3,894         $  3,761         $  3,909         $  3,708\n Residential fee per file                 $  2,976         $  2,639         $  2,722         $  2,908         $  3,001         $  2,776         $  2,772         $  2,881\n Total commercial fee per file            $ 13,400         $ 12,100         $ 14,600         $ 12,600         $ 11,300         $ 11,300         $ 13,000         $ 11,200\n National commercial fee per file         $ 19,200         $ 15,500         $ 19,500         $ 16,000         $ 14,900         $ 14,600         $ 17,600         $ 14,500\n\n Total Staffing\n Total field operations employees         11,000           10,700           10,600           10,600           10,500           10,200           10,300           10,400\n\n Actual title claims paid ($ millions)    $     67         $     57         $     80         $     58         $     66         $     65         $     75         $     64\n\nTitle Segment (continued)\n FIDELITY NATIONAL FINANCIAL, INC.\n MONTHLY TITLE ORDER STATISTICS\n\n                                Direct Orders Opened *                Direct Orders Closed *\n Month                   / (% Purchase)                        / (% Purchase)\n April 2026                     136,000       72 %                    92,000        68 %\n May 2026                       124,000       74 %                    87,000        73 %\n June 2026                      131,000       74 %                    94,000        74 %\n\n Second Quarter 2026            391,000       73 %                    273,000       72 %\n                                Direct Orders Opened *                Direct Orders Closed *\n Month                   / (% Purchase)                                / (% Purchase)\n April 2025                     127,000       74 %                    83,000        74 %\n May 2025                       121,000       76 %                    82,000        76 %\n June 2025                      118,000       76 %                    81,000        77 %\n\n Second Quarter 2025            366,000       76 %                    246,000       75 %\n * Includes an immaterial number of non-purchase and non-refinance orders\n\nF&G Segment\n\nThe table below reconciles net earnings (loss) attributable to common\nshareholders to adjusted net earnings attributable to common shareholders.\nThe F&G Segment is reported net of noncontrolling minority interest.\n                                                                        Three Months Ended                                                     Six Months Ended\n (Dollars in millions)                                                  June 30, 2026                         June 30, 2025                    June 30, 2026                     June 30, 2025\n Net (loss) earnings attributable to common shareholders                $          (55)                       $            33                  $          120                    $            15\n Non-GAAP adjustments((1)):\n Recognized (gains) losses, net                                         190                                   79                               27                                108\n Market related liability adjustments                                   (10)                                  (16)                             (47)                              87\n Purchase price amortization                                            15                                    18                               30                                33\n Transaction and other costs                                            14                                    8                                19                                9\n Income taxes on non-GAAP adjustments                                   (41)                                  (19)                             7                                 (49)\n Non-controlling interest on non-GAAP adjustments                       (48)                                  (14)                             (11)                              (34)\n Adjusted net earnings (loss) attributable to common shareholders((1))  $            65                       $            89                  $          145                    $          169\n\n * Adjusted net earnings were $65 million for the second quarter of\n2026. Investment income from alternative investments was $35 million, or\n$0.13 per share, below management's current long-term expected return of\napproximately 12%\n * Adjusted net earnings were $89 million for the second quarter of\n2025. Investment income from alternative investments was $55 million, or\n$0.21 per share, below management's long-term expected return\n * Adjusted net earnings of $145 million for the first six months ended June 30,\n2026 included $4 million, or $0.01 per share, from investment and other\nincome true-up adjustments. Investment income from alternative investments was\n$66 million, or $0.25 per share, below management's current long-term expected\nreturn\n * Adjusted net earnings of $169 million for the first six months ended June 30,\n2025 included $13 million, or $0.05 per share, of income from a reinsurance\ntrue-up adjustment. Investment income from alternative investments was $92\nmillion, or $0.34 per share, below management's long-term expected return Footnotes:\n   1.  Non-GAAP financial measure. See the Non-GAAP Measures section below for\n       additional information.\n\nF&G Segment (continued)\n\nThe table below provides a summary of sales highlights.\n                                                                 Three months ended                                               Six months ended\n (In millions)                                                   June 30, 2026                      June 30, 2025                 June 30, 2026                     June 30, 2025\n\n Indexed annuities (\"FIA/RILA\")                                  $         1,744                    $         1,701               $         3,323                   $         3,162\n Indexed universal life (\"IUL\")                                  42                                 53                            86                                96\n Pension risk transfer (\"PRT\")                                   232                                445                           549                               756\n Subtotal: Core sales                                            2,018                              2,199                         3,958                             4,014\n Fixed rate annuities (\"MYGA\")                                   101                                1,907                         284                               2,469\n Funding agreements (\"FABN/FHLB\")                                600                                —                             1,650                             525\n Subtotal: Opportunistic sales((2))                              701                                1,907                         1,934                             2,994\n Gross sales((1))                                                2,719                              4,106                         5,892                             7,008\n Sales attributable to flow reinsurance to third parties((3))    (1,255)                            (1,362)                       (2,183)                           (2,083)\n Net sales((1))                                                  1,464                              2,744                         3,709                             4,925\n\n Footnotes:\n   1.  Non-GAAP financial measure. See the Non-GAAP Measures section below for\n       additional information.\n   2.  Opportunistic sales volumes fluctuate quarter to quarter depending on\n       economics and market opportunity\n   3.  Sales attributable to flow reinsurance to third parties includes the\n       reinsurance sidecar\n\nDEFINITIONS\n\nThe following represents the definitions of non-GAAP measures used by the\nCompany.\n\nAdjusted Net Earnings attributable to common shareholders\n\nAdjusted net earnings attributable to common shareholders (ANE) is a non-GAAP\neconomic measure used to evaluate financial performance each period.\n\nANE eliminates the impact of specific items that are not indicative of the\nunderlying economics of our business, including certain market volatility,\nasymmetrical and noneconomic accounting, nonrecurring items and other income\nand expense adjustments. These items are volatile in our reported GAAP\nearnings and are not indicative of the underlying profitability drivers\nreflected in the design and pricing of our products and/or our investment and\nhedging strategy, as such items fluctuate from period to period in a manner\ninconsistent with these drivers.\n\nANE provides information to enhance an investor's understanding of our results\nand underlying profitability drivers by removing the impact of short-term\nmarket volatility (i.e. recognized gains and losses, market risk benefits\nremeasurement gains and losses, derivative gains and losses), asymmetrical and\nnon-economic accounting (i.e. derivatives and investment hedges that do not\nqualify for hedge accounting, deferred pension risk transfer deferred profit\nliability losses), and other adjustments.\n\nANE is calculated by adjusting net earnings or loss attributable to common\nshareholders to eliminate:\n i.     Recognized (gains) and losses, net: the impact of net investment gains/losses,\n        including changes in allowance for expected credit losses and other than\n        temporary impairment (\"OTTI\") losses, recognized in operations; and the\n        effects of changes in fair value of the reinsurance related embedded\n        derivative and other derivatives, including interest rate swaps and forwards;\n ii.    Market related liability adjustments: the impacts related to changes in the\n        fair value, including both realized and unrealized gains and losses, of index\n        product related derivatives and embedded derivatives, net of hedging cost; the\n        impact of initial pension risk transfer deferred profit liability losses,\n        including amortization from previously deferred pension risk transfer deferred\n        profit liability losses; and the changes in the fair value of market risk\n        benefits by deferring current period changes and amortizing that amount over\n        the life of the market risk benefit;\n iii.   Purchase price amortization: the impacts related to the amortization of\n        certain intangibles (internally developed software, trademarks and value of\n        distribution asset and the change in fair value of liabilities recognized as a\n        result of acquisition activities);\n iv.    Transaction costs: the impacts related to acquisition, integration and merger\n        related items;\n v.     Certain income tax adjustments: the impacts related to unusual tax items that\n        do not reflect our core operating performance such as the establishment or\n        reversal of significant deferred tax asset valuation allowances;\n vi.    Other and \"non-recurring,\" \"infrequent\" or \"unusual items\": Other adjustments\n        include removing any charges associated with U.S. guaranty fund assessments as\n        these charges neither relate to the ordinary course of the Company's business\n        nor reflect the Company's underlying business performance, but result from\n        external situations not controlled by the Company. Further, Management\n        excludes certain items determined to be \"non-recurring,\" \"infrequent\" or\n        \"unusual\" from adjusted net earnings when incurred if it is determined these\n        items are not a reflection of the core business and when the nature of the\n        item is such that it is not reasonably likely to recur within two years and/or\n        there was not a similar item in the preceding two years;\n vii.   Non-controlling interest on non-GAAP adjustments: the portion of the non-GAAP\n        adjustments attributable to the equity interest of entities that FNF does not\n        wholly own; and\n viii.  Income taxes: the income tax impact related to the above-mentioned adjustments\n        is measured using an effective tax rate, as appropriate by tax jurisdiction\n\nRecognized gains and losses are excluded from ANE as part of both adjustments\n(i) and (ii). As part of those two adjustments to ANE, all material recognized\ngains and losses are removed except for periodic settlements of interest rate\nswaps used to economically hedge floating rate investments.\n\nWhile these adjustments are an integral part of the overall performance of\nFNF, market conditions and/or the non-operating nature of these items can\novershadow the underlying performance of the core business. Accordingly,\nmanagement considers this to be a useful measure internally and to investors\nand analysts in analyzing the trends of our operations. Adjusted net earnings\nshould not be used as a substitute for net earnings (loss). However, we\nbelieve the adjustments made to net earnings (loss) in order to derive\nadjusted net earnings provide an understanding of our overall results of\noperations.\n\nAssets Under Management (AUM)\n\nAUM is comprised of the following components and is reported net of\nreinsurance assets ceded in accordance with GAAP:\n i.    total invested assets at amortized cost, excluding investments in\n       unconsolidated affiliates, owned distribution and derivatives;\n ii.   investments in unconsolidated affiliates at carrying value;\n iii.  related party loans and investments;\n iv.   accrued investment income;\n v.    the net payable/receivable for the purchase/sale of investments; and\n vi.   cash and cash equivalents excluding derivative collateral at the end of the\n       period.\n\nManagement considers this non-GAAP financial measure to be useful internally\nand to investors and analysts when assessing the size of our investment\nportfolio that is retained.\n\nAUM before Flow Reinsurance\n\nAUM before Flow Reinsurance is comprised of components consistent with AUM,\nbut also includes flow reinsured assets.\n\nManagement considers this non-GAAP financial measure to be useful internally\nand to investors and analysts when assessing the size of our investment\nportfolio including reinsured assets.\n\nAverage Assets Under Management (AAUM)\n\nAAUM is calculated as AUM at the beginning of the period and the end of each\nmonth in the period, divided by the total number of months in the period plus\none.\n\nManagement considers this non-GAAP financial measure to be useful internally\nand to investors and analysts when assessing the rate of return on retained\nassets.\n\nSales\n\nAnnuity, IUL, funding agreement and non-life contingent PRT sales are not\nderived from any specific GAAP income statement accounts or line items and\nshould not be viewed as a substitute for any financial measure determined in\naccordance with GAAP. Sales from these products are recorded as deposit\nliabilities (i.e., contractholder funds) within the Company's consolidated\nfinancial statements in accordance with GAAP. Life contingent PRT sales are\nrecorded as premiums in revenues within the consolidated financial statements.\nManagement believes that presentation of sales, as measured for management\npurposes, enhances the understanding of our business and helps depict longer\nterm trends that may not be apparent in the results of operations due to the\ntiming of sales and revenue recognition.\n\n \n\nView original\ncontent:https://www.prnewswire.com/news-releases/fnf-reports-second-quarter-2026-financial-results-302843960.html\n(https://www.prnewswire.com/news-releases/fnf-reports-second-quarter-2026-financial-results-302843960.html)\n\nSOURCE Fidelity National Financial, Inc.\n\n\n\nLisa Foxworthy-Parker, SVP of Investor & External Relations, Investors@fnf.com, 515.330.3307\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-08-05T20:17:00.358287588Z","server_sent_at_ms":1785961020358},"received_at":"2026-08-05T20:17:00.610Z","source_url":"https://www.prnewswire.com/news-releases/fnf-reports-second-quarter-2026-financial-results-302843960.html"},"analysis":{"id":"99259","press_release_id":"110253","analysis_json":{"industry":{"label":"Insurance","sector":"Financials"},"redFlags":["F&G Segment net loss attributable to common shareholders was $55 million vs net earnings of $33 million in the prior year","Adjusted net earnings decreased from $89 million to $65 million year-over-year","Net sales decreased from $2.7 billion to $1.5 billion year-over-year"],"eventType":"earnings","narrative":"F&G reported adjusted net earnings of $65 million for the second quarter, down from $89 million in the prior year, while net sales declined to $1.5 billion from $2.7 billion.\n\nDespite the earnings dip, the segment achieved record assets under management before reinsurance of $74.7 billion, an 8% increase over the prior year, supported by strong momentum in core retail.\n\nCore sales remained robust at $2.0 billion, driven by $1.8 billion in indexed annuity and indexed universal life products, marking one of the strongest quarters on record.","sentiment":"mixed","agentHooks":{"shouldPost":true,"suggestedAngle":"Record AUM of nearly $75B highlights growth potential despite earnings dip at F&G."},"keyFigures":{"customDimensions":{"net_sales":1464,"core_sales":2018,"gross_sales":2719,"retained_aum":55900,"adjusted_net_earnings":65,"aum_before_reinsurance":74687}},"quotedText":"The second quarter reflects the strength and resilience of the business we have built at F&G.","namedEntities":{"people":[{"name":"William P. Foley, II","role":"Chairman"},{"name":"Mike Nolan","role":"Chief Executive Officer"},{"name":"Conor Murphy","role":"F&G Chief Executive Officer and President"},{"name":"Lisa Foxworthy-Parker","role":"SVP of Investor & External Relations"}],"products":[],"companies":[{"name":"Fidelity National Financial, Inc.","ticker":"FNF","relationship":"parent company"},{"name":"F&G Annuities & Life, Inc.","ticker":"FG","relationship":"subsidiary"},{"name":"Fidelity National Title","relationship":"subsidiary"},{"name":"Chicago Title","relationship":"subsidiary"},{"name":"Commonwealth Land Title","relationship":"subsidiary"},{"name":"Alamo Title","relationship":"subsidiary"},{"name":"National Title of New York","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"$65 million","context":"F&G Segment adjusted net earnings for Q2 2026"},{"amount":"$74.7 billion","context":"F&G assets under management before reinsurance at end of Q2 2026"},{"amount":"$1.5 billion","context":"F&G net sales for Q2 2026"},{"amount":"$2.0 billion","context":"F&G core sales for Q2 2026"}]},"materialImpact":{"score":3,"reasoning":"F&G reported mixed Q2 results with record assets under management but a decline in adjusted net earnings and net sales compared to the prior year. The release represents the primary quarterly disclosure for the publicly traded subsidiary."},"tickerRelevance":{"others":[{"ticker":"FNF","relevance":"parent company"}],"primary":"FG"},"globalImportance":40,"audienceRelevance":30,"eventTypeSecondary":["operations_update"],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"quarterly_results_mixed","sectorWeight":"financials"}},"event_type":"earnings","event_type_secondary":["operations_update"],"sentiment":"mixed","material_impact_score":3,"narrative":"F&G reported adjusted net earnings of $65 million for the second quarter, down from $89 million in the prior year, while net sales declined to $1.5 billion from $2.7 billion.\n\nDespite the earnings dip, the segment achieved record assets under management before reinsurance of $74.7 billion, an 8% increase over the prior year, supported by strong momentum in core retail.\n\nCore sales remained robust at $2.0 billion, driven by $1.8 billion in indexed annuity and indexed universal life products, marking one of the strongest quarters on record.","key_figures":{"customDimensions":{"net_sales":1464,"core_sales":2018,"gross_sales":2719,"retained_aum":55900,"adjusted_net_earnings":65,"aum_before_reinsurance":74687}},"named_entities":{"people":[{"name":"William P. Foley, II","role":"Chairman"},{"name":"Mike Nolan","role":"Chief Executive Officer"},{"name":"Conor Murphy","role":"F&G Chief Executive Officer and President"},{"name":"Lisa Foxworthy-Parker","role":"SVP of Investor & External Relations"}],"products":[],"companies":[{"name":"Fidelity National Financial, Inc.","ticker":"FNF","relationship":"parent company"},{"name":"F&G Annuities & Life, Inc.","ticker":"FG","relationship":"subsidiary"},{"name":"Fidelity National Title","relationship":"subsidiary"},{"name":"Chicago Title","relationship":"subsidiary"},{"name":"Commonwealth Land Title","relationship":"subsidiary"},{"name":"Alamo Title","relationship":"subsidiary"},{"name":"National Title of New York","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"$65 million","context":"F&G Segment adjusted net earnings for Q2 2026"},{"amount":"$74.7 billion","context":"F&G assets under management before reinsurance at end of Q2 2026"},{"amount":"$1.5 billion","context":"F&G net sales for Q2 2026"},{"amount":"$2.0 billion","context":"F&G core sales for Q2 2026"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-06T03:09:40.617Z","global_importance":40,"audience_relevance":30,"importance_components":{"tickerTier":"mid-cap","eventGravity":"quarterly_results_mixed","sectorWeight":"financials"}},"durationMs":212522,"modelName":"glm-4.7"}}