In the fourth quarter, the company's title segment reported adjusted net earnings of $263 million, a substantial rise from $174 million in the same period in 2023. Overall, adjusted net earnings for the year increased to $877 million. Despite low home sales in 2024, the CEO of FNF expressed confidence in future growth driven by pent-up demand and an expanding population. The title segment's total revenue in Q4 reached $2 billion, showcasing 23% year-on-year growth, with significant increases across direct and agency title premiums and commercial revenue, highlighting resilience in the face of economic challenges.
The title segment achieved $263 million in adjusted net earnings for Q4, reflecting a strong upward trend amid challenging market conditions for home sales.
FNF CEO Mike Nolan noted that despite low home sales due to high mortgage rates, pent-up demand for housing persists, signaling potential growth.
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