Fidelity National Financial, Inc. (NYSE:FNF) Q2 2023 Earnings Call Transcript

And so there could be a lot more cash as we look to next year and a lot more opportunity to raise the dividend or buy back stock or make acquisitions or whatever it might be.

Geoffrey Dunn: Okay. So I think throughout the call today, you’ve mentioned wanting to be well positioned for 2024. Am I hearing you correctly that it seems like buyback is going to be less of an emphasis even for the remainder of the year and it’s really getting very firm footing going into 2024 and maybe then we see an acceleration once again, all else all equal.

Tony Park: Yes. I don’t – I think that’s certainly a possibility. I don’t know if I’m going to probability yet because it’s going to be a board decision and they revisit that. Every quarter, and we don’t preannounce that. But if – yes, if I were guessing, I would say, much more likely to be more aggressive on the buyback front in 2024 than the balance of 2023.

Geoffrey Dunn: All right. Thanks.

Operator: Thank you. Ladies and gentlemen, this will conclude our question-and-answer session. I will now turn the conference back over to CEO, Mike Nolan, for closing remarks.

Mike Nolan: Thank you. We are proud of our strong performance in the first half of the year despite continued uncertainty and volatility in the current macro environment. FNF is well positioned to navigate the current market cycle and continues to build and expand our Title business for the long term. Likewise, F&G’s profitable growth demonstrates its strong momentum with many opportunities ahead to further expand the business, drive margin expansion and improve returns. Thanks for your time this morning. We appreciate your interest in FNF and look forward to updating you on our third quarter earnings call.

Operator: Thank you for attending today’s presentation and the conference call has concluded. You may now disconnect your lines.