Fidelity National Financial, Inc.

Title Segment

This segment consists of the operations of the Company’s title insurance underwriters and related businesses, which provide core title insurance and escrow and other title-related services including loan sub-servicing, valuations, default services and home warranty.

Mike Nolan, Chief Executive Officer, said, “Our Title business delivered another strong quarter, generating adjusted pre-tax title earnings of $422 million and an industry leading adjusted pre-tax title margin of 17.1%. These results reflect the strength of our disciplined operating strategy and our ability to consistently outperform the broader market. Commercial remained a meaningful contributor, with revenue increasing 19% over the prior year, while our residential purchase business continued to outperform despite low transaction volumes. As we manage through this market cycle, we remain focused on maintaining our operating discipline and investing in the business to drive long-term growth and profitability.”

Mr. Nolan added, “We also continue to build on our differentiated technology platform to enhance the value, security and convenience of the real estate transaction experience. FNF provides essential services that extend well beyond the title insurance policy. We also manage the settlement process from start to finish. We are the rails on which real estate transactions run. Our investments in identity verification, property monitoring, inHere and AI are strengthening the way that transactions are executed, protected and experienced, while driving greater efficiency across our operations. Together, these investments are enhancing the value we provide to our business partners and customers while strengthening our competitive position for the long term.”