ANFI, Inc. Reports Earnings and Revenues for the 4th Quarter and Year Ended December 31, 2002

February 14, 2003

ORANGE, Calif., Feb. 13 /PRNewswire-FirstCall/ -- ANFI, Inc. (Nasdaq: ANFI - News), announced earnings and revenues for the fourth quarter and year ended December 31, 2002.

  • For the fourth quarter ended December 31, 2002, earnings were
    $4.9 million or $.45 per diluted share, compared with earnings of
    $2.8 million, or $.28 per diluted share for the comparable 2001
    quarter. Revenues increased $23.7 million to $62.8 million, as
    compared with revenues of $39.1 million for the comparable 2001
    period.
  • Earnings for the year ended December 31, 2002 were $20.8 million or
    $1.94 per diluted share, compared with earnings of $11.3 million, or
    $1.09 per diluted share for the comparable 2001 year end period.
    Revenues increased $64.9 million to $201.7 million, compared with
    revenues of $136.8 million for the comparable 2001 period.

Michael C. Lowther, Chairman of the Board and Chief Executive Officer of ANFI, Inc. said, "2002 was a great year for our company thanks to the dedication of our employees and the loyalty of our customers. We are looking forward to completing our merger with Fidelity National Financial, Inc. and joining with Ticor Title to become an even more dynamic force in the real estate service industry."

Souce: ANFI, Inc.


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