Fidelity National Financial, Inc. (NYSE:FNF) Q2 2022 Earnings Conference Call August 3, 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
Tony Park - Chief Financial Officer
Conference Call Participants
Mark DeVries - Barclays
Mark Hughes - Truist Securities
Bose George - KBW
John Campbell - Stephens Inc.
Andrew Kligerman - Credit Suisse
Ryan Gilbert - BTIG
Geoffrey Dunn - Dowling & Partners
Operator
Good morning and welcome to FNF's Second 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 of Investor and External Relations. Please go ahead.
Lisa Foxworthy-Parker
Great. Thanks, operator and welcome again, everyone.
Before we begin and as a reminder, 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. We will be discussing certain non-GAAP measures on this call which we believe are relevant in assessing the financial performance of the business and you'll find reconciliations of these metrics within our earnings materials available on the company's website.
Yesterday, we issued a press release which is also available on our website. Today's conference call will be available for webcast replay at fnf.com. It will also be available through telephone replay beginning at 2:00 p.m. Eastern Time today through August 10, 2022. Joining me this morning to discuss our results in further detail are Mike Nolan, CEO; Tony Park, CFO; and Chris Blunt, F&G's CEO. We look forward to addressing your questions following the conclusion of our prepared remarks.
And with that, I'll now turn the call over to Mike.
Mike Nolan
Thank you, Lisa and good morning. Overall, we have had another strong set of results for the second quarter.
Our Title business continues to perform well despite slowing mortgage originations, having generated total revenue of $2.6 billion in the quarter. For a second quarter result, this reflects the second best in FNF history in terms of total revenue, adjusted pretax Title earnings and adjusted pretax Title margin. Similarly, F&G continues to deliver on its diversified growth strategy with assets under management crossing the $40 billion milestone at June 30. And we are on track to complete the dividend distribution of 15% ownership of F&G to FNF shareholders early in the fourth quarter of this year.