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Fidelity National Financial, Inc. Reports Second Quarter 2009 EPS of $0.40.

Article Excerpt
JACKSONVILLE, Fla., July 27 /PRNewswire-FirstCall/ -- -- Fidelity National Financial, Inc. , a leading provider of title insurance, mortgage services, specialty insurance, claims management services and information services, today reported operating results for the three-month and six-month periods ended June 30, 2009.



Three Months Ended Three Months Ended June 30, 2009 June 30, 2008 -------------------- ------------------ Total revenue $1.57 billion $1.17 billion Net earnings attributable to common shareholders $91.9 million $6.9 million Net earnings per diluted share attributable to common shareholders $0.40 $0.03 Cash flow from operations $154.8 million $12.8 million Six Months Ended Six Months Ended June 30, 2009 June 30, 2008 --------------------- ------------------ Total revenue $2.93 billion $2.29 billion Net earnings attributable to common shareholders $79.5 million $34.2 million Net earnings per diluted share attributable to common shareholders $0.35 $0.16 Cash flow from (used in) operations $283.2 million ($62.0 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, 2009 and 2008:

Fidelity National Title Group ("FNT") Three Months Ended Three Months Ended June 30, 2009 June 30, 2008 -------------------- ------------------- Total revenue $1.45 billion $1.04 billion Pre-tax earnings $133.3 million $5.1 million Pre-tax margin 9.2% 0.5% Six Months Ended Six Months Ended June 30, 2009 June 30, 2008 -------------------- ------------------- Total revenue $2.71 billion $2.05 billion Pre-tax earnings $140.6 million $58.2 million Pre-tax margin 5.2% 2.8% Month Direct Orders Opened Direct Orders Closed ----- -------------------- -------------------- April 2009 300,400 172,500 May 2009 243,200 171,300 June 2009 202,200 180,300 ------- ------- Second Quarter 2009 745,800 524,100 ======= ======= Month Direct Orders Opened Direct Orders Closed ----- -------------------- -------------------- April 2008 168,900 113,200 May 2008 156,900 99,800 June 2008 136,800 94,500 ------- ------- Second Quarter 2008 462,600 307,500 ======= ======= Open Closed Commercial Commercial Commercial Revenue Commercial Orders Orders (In thousands) Fee Per File ------------ ------------- -------------- ------------- 2nd Quarter 2009 23,200...

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