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Im FIDELITY NATIONAL FINANCIAL FNF Reports First Quarter 2021 Diluted EPS from Continuing Operations of $ 2.06 and Adjusted Diluted EPS from Continuing Operations of $ 1.56 , Pre - Tax Title Margin of 17.4 % and Adjusted Pre - Tax Title Margin of 19.9 % May 6 , 2021 JACKSONVILLE , Fla . , May 6 , 2021 / PRNewswire / -- Fidelity National Financial , Inc. ( NYSE : FNF ) , a leading provider of title insurance and transaction services to the real estate and mortgage industries , today reported operating results for the period ended March 31 , 2021 . Title • Total revenue of $ 3.1 billion in the first quarter versus $ 1.6 billion in the first quarter of 2020 • First quarter net earnings from continuing operations of $ 600 million and adjusted net earnings from continuing operations of $ 455 million versus net loss of $ 61 million and adjusted net earnings of $ 202 million for the first quarter of 2020 • First quarter diluted EPS from continuing operations of $ 2.06 and adjusted diluted EPS from continuing operations of $ 1.56 versus diluted EPS of $ ( 0.22 ) and adjusted diluted EPS of $ 0.73 in the first quarter of 2020 • Recognized gains were $ 43 million in the first quarter versus recognized losses of $ 320 million in the first quarter of 2020 primarily due to mark to market accounting treatment of equity and preferred stock securities whether the securities were disposed of in the quarter or continue to be held in our investment portfolio • Total revenue of $ 2.5 billion versus $ 1.6 billion in total revenue in the first quarter of 2020 • Total revenue , excluding recognized gains and losses , of $ 2.6 billion versus $ 1.9 billion in the first quarter of 2020 , an increase of 33 % • Pre - tax earnings of $ 439 million and adjusted pre - tax earnings of $ 512 million versus pre - tax loss of $ 53 million and adjusted pre - tax earnings of $ 279 million in the first quarter of 2020 • Pre - tax title margin of 17.4 % and adjusted pre - tax title margin of 19.9 % versus pre - tax title margin of ( 3.3 ) % and adjusted pre - tax title margin of 14.4 % in the first quarter of 2020 • First quarter refinance orders opened increased 15 % on a daily basis and refinance orders closed increased 103 % on a daily basis versus the first quarter of 2020 ; purchase orders opened increased 18 % on a daily basis and purchase orders closed increased 21 % on a daily basis versus the first quarter of 2020 • Total commercial revenue of $ 257 million , a 5 % increase versus total commercial revenue in the first quarter of 2020 , driven by a 12 % increase in closed orders ; first quarter total commercial orders opened increased 10 % compared to the prior year • Overall first quarter average fee per file of $ 1,944 , a 13 % decrease versus the first quarter of 2020 Title Orders Month January 2021 February 2021 March 2021 First Quarter 2021 F & G Month January 2020 February 2020 March 2020 First Quarter 2020 Direct Orders Opened * / ( % Purchase ) 256,000 37 % 252,000 40 % 262,000 49 % 770,000 42 % 50 % 185,000 211,000 45 % 286,000 33 % Direct Orders Opened * Direct Orders Closed * / ( % Purchase ) / ( % Purchase ) 682,000 Direct Orders Closed * / ( % Purchase ) 41 % 179,000 32 % 188,000 32 % 230,000 37 % 597,000 34 % 112,000 49 % 118,000 47 % 147,000 43 % 377,000 46 % * Includes an immaterial number of non - purchase and non - refinance orders F & G , a leading provider of annuities and life insurance , reported operating results for the first quarter of 2021. As a result of acquisition accounting