Fidelity National Financial, Inc. (NYSE:FNF) Q3 2022 Earnings Conference Call November 9, 2022 11:00 AM ET

Company Participants

Lisa Foxworthy-Parker - Senior Vice President Investor & External Relations

Mike Nolan - Chief Executive Officer

Chris Blunt - Chief Executive Officer, F&G

Wendy Young - Chief Financial Officer, F&G

Tony Park - Chief Financial Officer

Conference Call Participants

Mark DeVries - Barclays

Mark Hughes - Truist Securities

Bose George - KBW

Andrew Kligerman - Credit Suisse

John Campbell - Stephens

Operator

Good morning and welcome to FNF's Third Quarter 2022 Earnings Call. [Operator Instructions] As a reminder, this conference call is being recorded.

I would now like to turn the call over to Lisa Foxworthy-Parker, Senior Vice President, Investor and External Relations. Please go ahead.

Lisa Foxworthy-Parker

Great. Thanks, operator and welcome, everyone, to FNF's third quarter 2022 earnings call. Joining me today are Mike Nolan, Chief Executive Officer; and Tony Park, Chief Financial Officer; as well as Chris Blunt, F&G's Chief Executive Officer and Wendy Young, F&G's Chief Financial Officer. We look forward to addressing your questions following our prepared remarks.

Today's earnings call may include forward-looking statements and projections under the Private Securities Litigation Reform Act which do not guarantee future events or performance. We do not undertake any duty to revise or update such statements to reflect new information, subsequent events or changes in strategy. Please refer to our most recent quarterly and annual reports and other SEC filings for a discussion of the factors that could cause actual results to differ materially from those expressed or implied. This morning's discussion also includes non-GAAP financial measures that we believe may be meaningful to investors. Non-GAAP measures have been reconciled to GAAP where required in accordance with SEC rules within our earnings materials available on the company's website. Yesterday, we issued a press release which is also available on our website. And today's call is being recorded and will be available for webcast replay at fnf.com. It will also be available through telephone replay beginning today at 2:00 p.m. Eastern Time through November 16, 2022.

And with that, I'll now turn the call over to our CEO, Mike Nolan.

Mike Nolan

Thank you, Lisa and good morning. Overall, we have had another strong quarter despite housing market headwinds from ongoing concerns about inflation, surging interest rates and a growing risk of recession. Our title business has continued to perform well despite declining mortgage originations, while F&G continued to deliver on its diversified growth strategy with assets under management climbing to $42 billion at September 30. Looking forward, we are on track to complete the dividend distribution of 15% ownership of F&G to FNF shareholders in the coming weeks and Chris will provide more details in a minute.