Fidelity National Financial, Inc. Reports Third Quarter 2007 EPS of $0.03
October 24, 2007
JACKSONVILLE, Fla., -- Fidelity National Financial, Inc. (NYSE: FNF), amajor provider of title insurance, specialty insurance and claims management services, today reported operating results for the three-month and nine-month periods ended September 30, 2007.
|
Three Months Ended September 30, 2007 |
Three Months Ended September 30, 2006** |
Pro Forma Three Months Ended September 30, 2006*** |
Total revenue |
$1.36 billion |
$2.63 billion |
$1.62 billion |
Pre-tax margin |
0.2%* |
11.2% |
10.9% |
Net earnings |
$6.5 million* |
$127.6 million |
$114.1 million |
Net earnings per diluted share |
$0.03* |
$0.73 |
$0.51 |
Cash flow from Operations |
$74.8 million |
$265.7 million |
N/A |
*These reported results include the impact of an $81.5 million charge to strengthen the reserve for claim losses.
** The three-month and nine-month periods ended September 30, 2006, include the results of Fidelity National Information Services, Inc. ("FIS"), which was a majority-owned subsidiary of FNF during those periods in 2006.
*** A complete pro forma summary of earnings excluding FIS and the minority interest expense related to Fidelity National Title Group, Inc. ("FNT") for the three-month and nine month periods ended September 30, 2006, is included later in this press release.
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