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FIDELITY NATIONAL FINANCIAL FNF Reports Second Quarter 2021 Diluted EPS from Continuing Operations of $ 1.90 and Adjusted Diluted EPS from Continuing Operations of $ 2.06 , Pre - Tax Title Margin of 21.5 % and Adjusted Pre - Tax Title Margin of 22.7 % August 3 , 2021 JACKSONVILLE , Fla . , Aug. 3 , 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 June 30 , 2021 . Title • Total revenue of $ 3.9 billion in the second quarter versus $ 2.4 billion in the second quarter of 2020 • Second quarter net earnings from continuing operations of $ 546 million and adjusted net earnings from continuing operations of $ 592 million versus net earnings from continuing operations of $ 304 million and adjusted net earnings of $ 301 million for the second quarter of 2020 • Second quarter diluted EPS from continuing operations of $ 1.90 and adjusted diluted EPS from continuing operations of $ 2.06 versus diluted EPS from continuing operations of $ 1.09 and adjusted diluted EPS from continuing operations of $ 1.08 in the second quarter of 2020 • Recognized gains were $ 232 million in the second quarter versus $ 162 million in the second 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 $ 3.0 billion versus $ 2.2 billion in total revenue in the second quarter of 2020 • Total revenue , excluding recognized gains and losses , of $ 3.0 billion versus $ 2.1 billion in the second quarter of 2020 , an increase of 47 % • Pre - tax earnings of $ 644 million and adjusted pre - tax earnings of $ 688 million versus pre - tax earnings of $ 528 million and adjusted pre - tax earnings of $ 378 million in the second quarter of 2020 • Pre - tax title margin of 21.5 % and adjusted pre - tax title margin of 22.7 % versus pre - tax title margin of 23.7 % and adjusted pre - tax title margin of 18.4 % in the second quarter of 2020 • Second quarter refinance orders opened decreased 25 % on a daily basis and refinance orders closed decreased 5 % on a daily basis versus the second quarter of 2020 ; purchase orders opened increased 41 % on a daily basis and purchase orders closed increased 57 % on a daily basis versus the second quarter of 2020 • Total commercial revenue of $ 347 million , an 89 % increase versus total commercial revenue in the second quarter of 2020 , driven by a 65 % increase in closed orders ; second quarter total commercial orders opened increased 58 % compared to the prior year • Overall second quarter average fee per file of $ 2,444 , a 29 % increase versus the second quarter of 2020 Title Orders Month April 2021 May 2021 June 2021 Second Quarter 2021 Month April 2020 May 2020 June 2020 Second Quarter 2020 Direct Orders Opened * Direct Orders Closed * / ( % Purchase ) 236,000 52 % 223,000 52 % 236,000 54 % / ( % Purchase ) 200,000 43 % 176,000 48 % 192,000 50 % 695,000 53 % 568,000 47 % Direct Orders Opened * Direct Orders Closed * / ( % Purchase ) / ( % Purchase ) 210,000 31 % 157,000 34 % 218,000 39 % 150,000 33 % 265,000 42 % 180,000 38 % 693,000 37 % 487,000 35 % * Includes an immaterial number of non - purchase and non - refinance orders F & G