Fidelity National Financial’s third-quarter adjusted net earnings fell to $352 million from $439 million a year earlier, while reported profit rose, giving investors a mixed picture of the title insurer’s business.
Net earnings attributable to common shareholders were $633 million, compared with $358 million in the third quarter of 2025. Revenue fell to $3.578 billion from $4.030 billion. The company released results Nov. 5 and filed a Form 8-K with the U.S. Securities and Exchange Commission (SEC) that day, according to the filing index.
Adjusted net earnings exclude certain market-related and nonrecurring items. F&G’s reported segment earnings included a favorable mark-to-market movement, compared with an unfavorable movement a year earlier; the company reported the increase in consolidated earnings separately.
In the title business, revenue climbed to $2.4 billion from $2.3 billion. The segment’s contribution to FNF’s adjusted net earnings eased to $315 million from $330 million, while adjusted pretax earnings increased to $422 million from $410 million. Commercial revenue rose 19%. Chairman William P. Foley, II said residential deal volume remained weak.
F&G Annuities & Life’s contribution to FNF’s adjusted net earnings, measured as the segment’s adjusted net earnings attributable to FNF common shareholders, was $72 million, down from $139 million. FNF’s ownership stake in F&G was about 72%, compared with about 82% a year earlier. F&G gross sales declined to $3.0 billion from $4.2 billion. The company reduced multiyear guaranteed annuity sales because returns were below its threshold.
FNF returned $143 million to shareholders during the quarter. The company is scheduled to discuss its results with investors Friday, Nov. 6, at 11 a.m. ET (16:00 UTC).
