American Land Title Association
Home  >  News Room
News Room


SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software


Fidelity National Financial, Inc. Reports Second Quarter 2008 EPS of $0.03

July 24, 2008

Fidelity NationalFinancial, Inc. has reported operating results for the three-month and six-month periods ended June 30, 2008. The Board of Directors also declared a quarterly cash dividend of $0.30 per share.

 

Three Months Ended  
June 30, 2008

Three Months Ended
June 30, 2007

Total revenue

$1.18 billion

$1.50 billion

Pre-tax margin

1.1 %

8.5 %

Net earnings

$6.9 million

$84.8 million

Net earnings per diluted share  

$0.03

$0.38

Cash flow from operations

$12.6 million

$144.6 million


 

 Six Months Ended  
June 30, 2008

Six Months Ended
June 30, 2007

Total revenue

$2.32 billion

$2.86 billion

Pre-tax margin

2.2 %

8.8 %

Net earnings

$34.2 million

$168.2 million

Net earnings per diluted share  

$0.16

$0.75

Cash flow from (used in operations)

($62.3 million)

$229.7 million

 The following are summary financial and operational results for the operating segments of FNF for the three-month and six-month periods ended June 30, 2008 and 2007:


Fidelity National Title Group ("FNT")

 

Three Months Ended  
June 30, 2008

Three Months Ended
June 30, 2007

Total revenue

$1.04 billion 

$1.36 billion

Pre-tax earnings            

$5.1 million

$130.0 million

Pre-tax margin                

0.5 %

9.5 %


 

Six Months Ended  
June 30, 2008

Six Months Ended
June 30, 2007

Total revenue

$2.05 billion

$2.61 billion

Pre-tax earnings            

$58.2 million

$244.2 million

Pre-tax margin                

2.8 %

9.4 %


Month

Direct Orders 
Opened

Direct Orders
  Closed


Closing %

April 2008

168,900

113,200

67 %

May 2008

156,900

99,800

64 %

June 2008

136,800

94,500

69 %

Second Quarter 2008

462,600

307,500

66 %


Month

Direct Orders 
Opened

Direct Orders
  Closed


Closing %

April 2007

211,100

136,000

64 %

May 2007

215,70

141,200

65 %

June 2007

195,300

131,500

67 %

Second Quarter 2007

622,100

408,700

66 %




 


Open Commercial  Orders


Closed Commercial  Orders

Commercial  Revenue
(In thousands)


Commercial Fee Per File

2nd Quarter 2008

16,200

9,400

$60,600

$6,400

2nd Quarter 2007

20,000

12,400

$97,300

$7,800

The preceding table only includes commercial activity from FNF's  commercial offices in the national commercial division and does not attempt to capture potential commercial activity in our local offices.

Source: Fidelity NationalFinancial, Inc.



Print Friendly


How To Find Us:
American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
www.alta.org
service@alta.org
Copyright © 2004-2014 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment