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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




Net earnings

$6.5 million*

$127.6 million

$114.1 million

Net earnings per diluted share




Cash flow from Operations

$74.8 million

$265.7 million


*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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