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Fidelity Profits Soar on Title Insurance Boom HW+

Jul 30, 2009By

Improvements in the title business boosted profits for title and specialty insurance provider Fidelity National Financial [stock FNF][/stock] to $91.9m ($0.40 per share) in Q209, up from $6.9m in Q208. The bulk of the increase came from Fidelity’s National Title Group, which saw pre-tax earnings jump to $133.3m in Q209 from $5.1m in the year-ago quarter. The company’s specialty interest department also grew since last quarter, earning $14.5m in Q209 from $13.2 in Q208. Fidelity closed 524,100 direct title orders in Q209, up from 307,500 in Q208.

3d rendering of a row of luxury townhouses along a street

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