Fidelity National Financial Stock Earnings Reports

Fidelity National Financial reported strong Q1 2026 results driven by an outsized Title performance and continued progress at F&G. Key financials: consolidated revenue ~$3.2B (adjusted), adjusted net earnings $249M ($0.93 per diluted share). Title delivered adjusted pre-tax earnings of $268M (+27% YoY) and an industry-leading adjusted pre-tax Title margin of 13.1% for the quarter, with purchase and refinance order activity improving sequentially and commercial revenue up 15% YoY. Total Title orders averaged ~6,400 per day in Q1 and ~6,200/day in April (+7% YoY). Management reiterated confidence in a 15%–20% targeted annual Title margin range, citing scale, automation, and ongoing tech/AI investment as margin levers even in a low residential volume environment. On AI, the company emphasized its proprietary, transaction-level data and a cautious, governance-focused rollout across Title, escrow, ServiceLink, LoanCare and software platforms. F&G highlights: AUM (before reinsurance) ~ $74.5B (+11% YoY); adjusted F&G net earnings ~$80M in Q1; continued shift toward fee-based, less capital-intensive businesses and capital flexibility via reinsurance/sidecars. Capital allocation: FNF returned ~$222M to shareholders in Q1 (common dividends $140M + buybacks $82M), remains active on repurchases, and ended Q1 with ~$495M cash/short-term investments at the holding company. Additional items: expected Title & Corporate investment income ~$$90–95M per quarter (assuming no Fed cuts), ~$28M/quarter in dividend income from F&G, Title claims paid $57M with carried reserves modestly above historical levels. Management sees an improving M&A pipeline (especially Title agents) and expects continued activity on buybacks depending on market conditions.