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CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Statement of Comprehensive Income [Abstract]        
Net earnings $ 385 $ 256 $ 646 $ 732
Other comprehensive earnings:        
Unrealized gain on investments and other financial instruments, net of adjustments to intangible assets and unearned revenue (excluding investments in unconsolidated affiliates) [1] 303 10 683 53
Unrealized (loss) gain on investments in unconsolidated affiliates [2] (2) 2 5 9
Unrealized gain (loss) on foreign currency translation [3] 5 (2) 1 1
Reclassification adjustments for change in unrealized gains and losses included in net earnings [4] (11) 0 (11) (4)
Change in reinsurance liabilities held at fair value resulting from a change in instrument-specific credit risk [5] (4) 0 (1) 0
Other comprehensive earnings 291 10 677 59
Comprehensive earnings 676 266 1,323 791
Less: Comprehensive earnings attributable to non-controlling interests 7 6 20 10
Comprehensive earnings attributable to Fidelity National Financial, Inc. common shareholders $ 669 $ 260 $ 1,303 $ 781
[1] Net of income tax expense of $81 million and $3 million for the three-month periods ended September 30, 2020 and 2019, respectively, and $183 million and $17 million for the nine-month periods ended September 30, 2020 and 2019, respectively.
[2] Net of income tax (benefit) expense of $(1) million and $1 million for the three-month periods ended September 30, 2020 and 2019, respectively, and $1 million and $3 million for the nine-month periods ended September 30, 2020 and 2019, respectively.
[3] Net of income tax expense (benefit) of $2 million and $(1) million for the three-month periods ended September 30, 2020 and 2019, respectively, and less than $1 million for the nine-month periods ended September 30, 2020 and 2019, respectively.
[4] Net of income tax expense $3 million for the three-month period ended September 30, 2020, and $3 million and $1 million for the nine-month periods ended September 30, 2020 and 2019, respectively.(5)Net of income tax benefit of $(1) million and less than $(1) million for the three and nine-month periods ended September 30, 2020, respectively.
[5] Net of income tax benefit of $(1) million and less than $(1) million for the three and nine-month periods ended September 30, 2020, respectively.