Title and specialty insurance provider Fidelity National Financial, Inc., (FNF), Monday reported a loss in the first quarter as a result of significantly higher expenses compared to last year.
The Jacksonville, Florida-based company posted a first quarter net loss attributable to common shareholders of $12.4 million or $0.06 per share, compared to net income attributable to common shareholders of $27.2 million or $0.13 per share in the year-ago period.
On average, six analysts polled by Thomson Reuters expected the company to earn $0.12 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue increased to $1.36 billion from $1.13 billion in the corresponding quarter last year.
Analysts expected the company to report revenues of $1.48 billion for the quarter.
Total revenue for the Title group increased to $1.26 billion from $1.01 last year, while total revenue for Specialty Insurance segment declined to $86.8 million from $88.5 million.
Total title premiums in the quarter increased to $909.3 million from $728.2 million in the prior year.
Total expenses in the quarter increased to $1.36 billion from $1.08 billion in the earlier year.
FNF closed Monday's regular trading on the NYSE at $19.06, up $0.15 or 0.79%, with a volume of 4.55 million shares.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.