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| Fidelity National Financial, Inc. Reports Second Quarter 2005 EPS of $1.07 Jacksonville, Fla. -- (July 27, 2005) -- Fidelity National Financial, Inc. (NYSE:FNF), a Fortune 500 provider of products and outsourced services and solutions to financial institutions and the real estate industry, today reported operating results for the three-month and six-month periods ended June 30, 2005.
 Specialty Insurance contributed $77 million for the second quarter of 2005 versus $58 million in the second quarter of 2004 The following table depicts monthly direct orders opened and closed in the title and escrow business for the second quarter of both 2005 and 2004:
The following table depicts monthly commercial direct orders opened and closed in the title and escrow business for the first and second quarter of 2005:
"Order volumes were very strong in the second quarter, as we opened nearly 1 million orders," said President Randy Quirk. "Open order volumes accelerated as the quarter progressed and the commercial business continues to show strength, providing solid momentum across our title insurance business as we enter the third quarter." Fidelity National Financial, Inc., number 261 on the Fortune 500, is a provider of products and outsourced services and solutions to financial institutions and the real estate industry. FNF had total revenue of nearly $8.3 billion and earned more than $740 million in 2004, with cash flow from operations of nearly $1.2 billion for that same period. FNF is the nation's largest title insurance company, with nearly 31 percent national market share, and is also a provider of other specialty insurance products, including flood insurance, homeowners insurance and home warranty insurance. Through its majority-owned subsidiary Fidelity National Information Services, Inc. ("FIS"), the Company is a leading provider of technology solutions, processing services and information services to the financial services and real estate industries. FIS' software processes nearly 50 percent of all U. S. residential mortgages, it has processing and technology relationships with 45 of the top 50 U.S. banks and more than 2,800 small and mid-sized U.S. financial institutions and it has clients in more than 50 countries who rely on its processing and outsourcing products and services. FIS also provides customized business process outsourcing related to aspects of the origination and management of mortgage loans to national lenders and servicers. FIS offers information services, including property data and real estate-related services that are used by lenders, mortgage investors and real estate professionals to complete residential real estate transactions throughout the U.S. More information about the FNF family of companies can be found at www.fnf.com and www.fidelityinfoservices.com. This press release contains statements related to future events and expectations and, as such, constitutes forward-looking statements. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to be different from those expressed or implied above. The Company expressly disclaims any duty to update or revise forward-looking unaudited statements. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, the effect of governmental regulations, the economy, competition and other risks detailed from time to time in the "Management's Discussion and Analysis" section of the Company's Form 10-K and other reports and filings with the Securities and Exchange Commission. SOURCE: Fidelity National Financial, Inc.
Fidelity National Title Insurance Company |
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| Copyright 2005 Fidelity National Title Insurance Company. All rights reserved. | ||||
