Current Report

     The following are summary financial and operational results for the operating segments of FNF for the three-month and nine-month periods ended September 30, 2009 and 2008:

      Fidelity National Title Group (“FNT”)

- The preceding table only includes commercial activity from FNF’s commercial offices in the national commercial division and does not attempt to capture potential commercial activity in our local offices.

     “This was another solid financial quarter for our company,” said Chairman William P. Foley, II. “Title order volumes increased nicely versus the prior year and showed a modest overall sequential decline from the second quarter of this year, as refinance volumes slowed from their accelerated pace early in the year. However, we were able to reduce costs throughout the quarter and our title business produced nearly a 9% pre-tax margin, almost equal to our second quarter performance. We did see strength in open order counts as the quarter progressed, as September showed the strongest open order volumes during the quarter. Additionally, open order volumes continued to accelerate in October, reaching their highest levels in the last four months. These elevated open order levels have us well positioned as we enter the normally seasonally slower fourth quarter and first quarter of next year.”

     “We did release approximately $74 million in title reserves during the quarter, as we reached the conclusion that the consistently lower claims payments we have seen for the last four quarters had caused a redundant title reserve situation. We offset much of the benefit of this reserve release through the reversal of an insurance receivable associated with a fraud claim that was previously paid in 2007 and 2008. Recent court rulings relating to specific insurance coverage have caused us to reassess our accounting position with respect to this insurance receivable and we, therefore, have reversed approximately $63 million of the recorded balance as a charge to claim loss expense.”

     “Finally, we announced the sale of our small leasing company, Fidelity National Capital, during the quarter for total net proceeds of approximately $50 million. While Fidelity National Capital was a relatively small business for FNF, its strong growth had resulted in more than $200 million of primarily non-recourse debt on our consolidated balance sheet and we believe this sale

was a great opportunity to continue to delever our balance sheet and to monetize an investment. Our debt to total capital ratio ended the quarter at 21% as a result of the sale of this asset.”

     Fidelity National Financial, Inc. (NYSE:FNF), is a leading provider of title insurance, mortgage services, specialty insurance, claims management services and information services. FNF is the nation’s largest title insurance company through its title insurance underwriters - Fidelity National Title, Chicago Title, Commonwealth Land Title, Lawyers Title, Ticor Title, Security Union Title and Alamo Title — that collectively issue more title insurance policies than any other title company in the United States. FNF also provides flood insurance, personal lines insurance and home warranty insurance through its specialty insurance business. FNF also is a leading provider of outsourced claims management services to large corporate and public sector entities through its minority-owned subsidiary, Sedgwick CMS. FNF is also a leading information services company in the human resource, retail and transportation markets through another minority-owned subsidiary, Ceridian Corporation. More information about FNF can be found at www.fnf.com.

     This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future economic performance and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: changes in general economic, business and political conditions, including changes in the financial markets; weakness or adverse changes in the level of real estate activity, which may be caused by, among other things, high or increasing interest rates, a limited supply of mortgage funding or a weak U. S. economy; our

potential inability to find suitable acquisition candidates, acquisitions in lines of business that will not necessarily be limited to our traditional areas of focus, or difficulties in integrating acquisitions; our dependence on operating subsidiaries as a source of cash flow; significant competition that our operating subsidiaries face; compliance with extensive government regulation of our operating subsidiaries; and other risks detailed in the “Statement Regarding Forward-Looking Information,” “Risk Factors” and other sections of the Company’s Form 10-K and other filings with the Securities and Exchange Commission.

SOURCE: Fidelity National Financial, Inc.
CONTACT: Daniel Kennedy Murphy, Senior Vice President and Treasurer, 904-854-8120, dkmurphy@fnf.com

FIDELITY NATIONAL FINANCIAL, INC.
SUMMARY OF EARNINGS
(In thousands, except per share amounts and order information)

		Three months ended								Nine months ended
		September 30,								September 30,
		2009				2008				2009				2008
		(Unaudited)								(Unaudited)
Direct title premiums		$	379,396			$	286,551			$	1,122,053			$	912,370
Agency title premiums			603,572				323,769				1,814,066				1,171,120
Total title premiums			982,968				610,320				2,936,119				2,083,490
Escrow, title-related and other fees			337,602				270,898				1,029,412				803,270
Total title and escrow			1,320,570				881,218				3,965,531				2,886,760
Specialty insurance			99,279				99,902				276,566				278,890
Interest and investment income			36,623				30,789				112,908				102,563
Realized gains and losses			10,621				(42,136	)			18,084				(15,868	)
Total revenue			1,467,093				969,773				4,373,089				3,252,345
Personnel costs			410,536				328,905				1,260,391				1,039,444
Other operating expenses			343,874				300,880				1,024,043				874,743
Agent commissions			480,787				254,883				1,446,460				911,692
Depreciation and amortization			23,119				29,237				84,651				93,693
Claim loss expense			92,540				359,664				290,234				547,596
Interest expense			7,938				13,451				28,355				43,947
Total expenses			1,358,794				1,287,020				4,134,134				3,511,115
Earnings (loss) from continuing operations before taxes			108,299				(317,247	)			238,955				(258,770	)
Income tax expense			34,307				(123,440	)			68,080				(106,982	)
Earnings (loss) from continuing operations before equity investments			73,992				(193,807	)			170,875				(151,788	)
Earnings (loss) from equity investments			2,737				(2,717	)			(13,995	)			(7,385	)
Net earnings (loss) from continuing operations			76,729				(196,524	)			156,880				(159,173	)
Discontinued operations, net of tax			(1,848	)			(3,579	)			(1,881	)			(9,046	)
Net earnings (loss)			74,881				(200,103	)			154,999				(168,219	)
Non-controlling interests expense			1,437				(1,801	)			2,010				(4,087	)
Net earnings (loss) attributable to common shareholders		$	73,444			$	(198,302	)		$	152,989			$	(164,132	)
Earnings per share:
Net earnings (loss) from continuing operations attributable to common shareholders — basic		$	0.32			$	(0.95	)		$	0.68			$	(0.78	)
Net earnings (loss) from continuing operations attributable to common shareholders — diluted		$	0.32			$	(0.95	)		$	0.67			$	(0.78	)
Weighted average shares — basic			228,741				208,710				223,384				210,206
Weighted average shares — diluted			232,141				208,710				227,410				210,206
Direct operations orders opened			568,600				407,400				2,060,800				1,432,200
Direct operations orders closed			438,700				260,600				1,391,400				875,900
Fee per file		$	1,309			$	1,636			$	1,214			$	1,516
Actual title claims paid		$	106,006			$	84,668			$	239,237			$	227,831

FIDELITY NATIONAL FINANCIAL, INC.
SEGMENT INFORMATION
(In thousands)
(Unaudited)

Three Months Ended											Specialty				Corporate
September 30, 2009		Consolidated					FNT				Insurance				and Other
Gross operating revenue		$	1,419,849				$	1,304,293			$	99,279			$	16,277
Interest and investment income			36,623					34,001				3,049				(427	)
Realized gains and losses			10,621					10,457				156				8
Total revenue			1,467,093					1,348,751				102,484				15,858
Personnel costs			410,536					387,266				10,635				12,635
Other operating expenses			343,874					284,666				46,208				13,000
Agent commissions			480,787					480,787				—				—
Depreciation and amortization			23,119					20,742				1,279				1,098
Claim loss expense			92,540					55,383				37,157				—
Interest expense			7,938					89				4				7,845
Total expenses			1,358,794					1,228,933				95,283				34,578
Pretax earnings from continuing operations			108,299					119,818				7,201				(18,720	)
Pretax margin			7.4	%				8.9	%			7.0	%			—
Open orders			568,600					568,600				—				—
Closed orders			438,700					438,700				—				—

Three Months Ended											Specialty				Corporate
September 30, 2008		Consolidated					FNT				Insurance				and Other
Gross operating revenue		$	981,120				$	872,855			$	99,902			$	8,363
Interest and investment income			30,789					27,354				3,263				172
Realized gains and losses			(42,136	)				(27,562	)			(2,750	)			(11,824	)
Total revenue			969,773					872,647				100,415				(3,289	)
Personnel costs			328,905					311,856				11,766				5,283
Other operating expenses			300,880					242,996				46,952				10,932
Agent commissions			254,883					254,883				—				—
Depreciation and amortization			29,237					27,523				1,207				507
Claim loss expense			359,664					313,483				46,181				—
Interest expense			13,451					1,321				124				12,006
Total expenses			1,287,020					1,152,062				106,230				28,728
Pretax earnings (loss) from continuing operations			(317,247	)				(279,415	)			(5,815	)			(32,017	)
Pretax margin			—					—				—				—
Open orders			407,400					407,400				—				—
Closed orders			260,600					260,600				—				—

FIDELITY NATIONAL FINANCIAL, INC.
SEGMENT INFORMATION
(In thousands)
(Unaudited)

Nine Months Ended												Specialty				Corporate
September 30, 2009			Consolidated					FNT				Insurance				and Other
Gross operating revenue			$	4,242,097				$	3,931,969			$	276,566			$	33,562
Interest and investment income				112,908					104,948				9,401				(1,441	)
Realized gains and losses				18,084					18,009				1,456				(1,381	)
Total revenue				4,373,089					4,054,926				287,423				30,740
Personnel costs				1,260,391					1,199,220				34,152				27,019
Other operating expenses				1,024,043					873,399				120,888				29,816
Agent commissions				1,446,460					1,446,460				—				—
Depreciation and amortization				84,651					78,199				3,924				2,528
Claim loss expense				290,234					196,691				93,543				—
Interest expense				28,355					649				27				27,679
Total expenses				4,134,134					3,794,558				252,534				87,042
Pretax earnings from continuing operations				238,955					260,368				34,889				(56,302	)
Pretax margin				5.5	%				6.4	%			12.1	%			—
Open orders				2,060,800					2,060,800				—				—
Closed orders				1,391,400					1,391,400				—				—

Nine Months Ended												Specialty				Corporate
September 30, 2008			Consolidated					FNT				Insurance				and Other
Gross operating revenue			$	3,165,650				$	2,856,645			$	278,890			$	30,115
Interest and investment income				102,563					91,179				10,267				1,117
Realized gains and losses				(15,868	)				(27,523	)			(3,109	)			14,764
Total revenue				3,252,345					2,920,301				286,048				45,996
Personnel costs				1,039,444					986,698				34,453				18,293
Other operating expenses				874,743					711,727				121,181				41,835
Agent commissions				911,692					911,692				—				—
Depreciation and amortization				93,693					87,670				4,225				1,798
Claim loss expense				547,596					438,701				108,895				—
Interest expense				43,947					5,076				463				38,408
Total expenses				3,511,115					3,141,564				269,217				100,334
Pretax earnings (loss) from continuing operations				(258,770	)				(221,263	)			16,831				(54,338	)
Pretax margin				—					—				5.9	%			—
Open orders				1,432,200					1,432,200				—				—
Closed orders				875,900					875,900				—				—

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