Access National Reports 50% Increase in First Quarter Earnings, Increases Dividend
18.05.12
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Source: SunHerald.com
Fidelity National Financial, Inc. Reports First Quarter 2012 EPS of $0.33
18.05.12
/PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF), a leading provider of title insurance, mortgage services and other diversified services, today reported operating results for the three-month period ended March 31, 2012.
Pre-tax title margin, excluding realized gains, of 10.7% versus 8.0% in the first quarter of 2011, a 270 basis point, or 34 percent, increase over the prior year
Commercial revenue of $79.1 million; 19% growth versus the first quarter of 2011 Open orders of 651,100 for first quarter, an increase of 163,000, or 33%, over the first quarter of 2011 The agency commission split was 76% / 24% versus 77% / 23% in the first quarter of 2011, an improvement of approximately 120 basis points Total title claims paid of $104 million, an increase of $15 million over the first quarter of 2011; full-year 2012 total title claims paid are expected to decline versus full-year 2011 O'Charley's tender offer closed on April 9; O'Charley's will be combined with American Blue Ribbon Holdings ("ABRH") in May 2012 and second quarter financial results will include a new restaurant segment Amended existing credit facility on April 16 with a new maturity date of April 2016 and a 55 basis point reduction in the borrowing spread over LIBOR
Source: Sacramento Bee