FNF Q2 Profit Rises

(RTTNews) - Fidelity National Financial, Inc. on Wednesday reported second quarter operating results of FNF Group, a provider of title insurance, technology and transaction services to the real estate and mortgage industries.

FNF Group's net income for the second quarter was $160 million or $0.56 per share, compared to $109 million or $0.39 per share for the year-ago quarter.

Excluding items, adjusted net earnings for the second quarter was $187 million or $0.65 per share, compared to $141 million or $0.50 per share in the prior year quarter.

Total revenue for the second quarter rose to $2.00 billion from $1.67 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.65 per share on revenue of $1.85 billion for the second quarter. Analysts' estimates typically exclude special items.

Fidelity National Financial, Inc. also reported second quarter operating results for FNFV Group (FNFV).

FNFV Group's net income for the second quarter was $10 million or $0.12 per share, compared to $0.3 million or $0.01 per share for the year-ago quarter.

Excluding items, adjusted net earnings for the second quarter was $15 million or $0.18 per share, compared to $0.5 million or $0.02 per share in the prior year quarter.

Total revenue for the second quarter rose to $400 million from $386 million a year earlier.