Fidelity National Financial Inc
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Comprehensive Earnings (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS
(In millions)
| Three months ended June 30, | Six months ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (Unaudited) · (Unaudited) | ||||
| Net earnings | $343 | $243 | $612 | $155 |
| Other comprehensive (loss) earnings: | ||||
| Unrealized (loss) gain on investments and other financial instruments (excluding investments in unconsolidated affiliates) (1) | (163) | (175) | (168) | 172 |
| Unrealized gain (loss) on investments in unconsolidated affiliates (2) | 5 | (5) | 18 | 6 |
| Unrealized (loss) gain on foreign currency translation (3) | (3) | 4 | (9) | 6 |
| Reclassification adjustments for change in unrealized gains and losses included in net earnings (4) | (19) | 42 | (6) | 78 |
| Changes in current discount rate - future policy benefits (5) | 92 | 57 | 183 | (43) |
| Changes in instrument-specific credit risk - market risk benefits (6) | 19 | (4) | 20 | 3 |
| Other comprehensive loss attributable to non-controlling interest (7) | 11 | 10 | (6) | (33) |
| Other comprehensive (loss) earnings | (58) | (71) | 32 | 189 |
| Comprehensive earnings | 285 | 172 | 644 | 344 |
| Less: Comprehensive earnings (loss) attributable to non-controlling interests | 37 | 24 | 58 | (5) |
| Comprehensive earnings attributable to Fidelity National Financial, Inc. common shareholders | $248 | $148 | $586 | $349 |
(1)Net of income tax (benefit) expense of $(42) million and $(28) million for the three months ended June 30, 2024 and 2023, respectively, and $(42) million and $35 million for the six months ended June 30, 2024 and 2023, respectively.
(2)Net of income tax expense (benefit) of $1 million and $(1) million for the three months ended June 30, 2024 and 2023, respectively, and $5 million and $2 million for the six months ended June 30, 2024 and 2023, respectively.
(3)Net of income tax (benefit) expense of $(1) million and less than $1 million for the three months ended June 30, 2024 and 2023, respectively, and $(2) million and $1 million for the six months ended June 30, 2024 and 2023, respectively.
(4)Net of income tax (benefit) expense of $(5) million and $11 million for the three months ended June 30, 2024 and 2023, respectively, and $(1) million and $21 million for the six months ended June 30, 2024 and 2023, respectively.
(5)Net of income tax expense (benefit) of $25 million and $15 million for the three months ended June 30, 2024 and 2023, respectively, and $49 million and $(12) million for the six months ended June 30, 2024 and 2023, respectively.
(6)Net of income tax expense (benefit) of less than $5 million and $(1) million for the three months ended June 30, 2024 and 2023, respectively, and $5 million and $1 million for the six months ended June 30, 2024 and 2023, respectively.
(7)Net of income tax expense (benefit) of $3 million and $3 million for the three months ended June 30, 2024 and 2023, respectively, and $(2) million and $(9) million for the six months ended June 30, 2024 and 2023, respectively.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.