Exhibit 99.1

EXHIBIT 99.1

Fidelity National Financial, Inc. Reports Second Quarter 2005 EPS of $1.07

Jacksonville, Fla. — (July 27, 2005) — Fidelity National Financial, Inc. (NYSE:FNF), a Fortune 500 provider of products and outsourced services and solutions to financial institutions and the real estate industry, today reported operating results for the three-month and six-month periods ended June 30, 2005.


2nd Quarter 2005		2nd Quarter 2004
Net Earnings		Net Earnings
$190.0 million		$222.1 million
$1.07 per diluted share		$1.26 per diluted share


Six Months Ended June 30, 2005		Six Months Ended June 30, 2004
Net Earnings		Net Earnings
$634.5 million		$372.3 million
$3.58 per diluted share		$2.12 per diluted share

	•		Total revenue for the second quarter of 2005 was $2.43 billion, compared with $2.20 billion for the second quarter of 2004

	•		Total title and escrow revenue was $1.63 billion for the second quarter of 2005 versus $1.58 billion in the second quarter of 2004

	•		Direct title premiums were $583 million for the second quarter of 2005 compared with direct title premiums of $601 million for the second quarter of 2004

	•		Escrow and other title related fees were $299 million for the second quarter of 2005 versus $295 million for the second quarter of 2004

•

Agency title premiums were $750 million for the second quarter of 2005 compared with agency title premiums of $680 million for the second quarter of 2004


(In thousands)	2^nd Quarter 2005			2^nd Quarter 2004
Agency Title Premiums	$	750,166		$	680,492
Agent Commissions		576,205			529,974
Net		173,961			150,518
Agent Commission %		76.8	%		77.9	%

	•		Specialty Insurance contributed $77 million for the second quarter of 2005 versus $58 million in the second quarter of 2004

	•		Revenue from Financial Institution Software and Services (“FISS”), was $405 million for the second quarter of 2005 versus $296 million for the second quarter of 2004; FISS gross revenue was $423 million for the second quarter of 2005 versus $315 million in the prior year quarter

	•		FISS organic revenue growth was 9.2 percent for the second quarter of 2005 versus the second quarter of 2004 and 4.8 percent for the first six months of 2005 versus the first six months of 2004

	•		Lender Outsourcing Solutions (“LOS”) revenue was $78 million for the second quarter of 2005 compared to $88 million for the second quarter of 2004

	•		Information Services (“IS”) revenue was $176 million for the second quarter of 2005 compared with $148 million for the second quarter of 2004; the organic growth rate was 25.0 percent for the second quarter of 2005 versus the second quarter of 2004 and 16.0 percent for the six months ended June 30, 2005 versus the first six months of 2004

	•		The total provision for claim losses was $111 million for the second quarter of 2005 compared with $80 million for the second quarter of 2004

	•		Interest expense for the second quarter of 2005 was $47 million compared with $11 million for the second quarter of 2004

	•		Cash flow from operations was $452 million for the second quarter of 2005 compared with $405 million for the second quarter of 2004

“This was a very successful quarter for FNF on number of fronts,” said Chairman and Chief Executive Officer William P. Foley, II. “Financially, we achieved more than a 15% pre-tax margin in our title insurance business as well as significant organic growth in FIS, including 9% organic growth in the FISS segment, 6% organic growth rate in our Default Management business and 25% organic growth in the Information Services segment. Strategically, we announced the formation of Fidelity National Title Group and the planned distribution of 17.5% of the shares of Fidelity National Title Group to FNF stockholders. We continue to expect to complete that distribution in the third quarter. Overall, we remain focused on growing our businesses, constantly improving profitability and maximizing the value of FNF’s assets for our shareholders.”

The following table depicts monthly direct orders opened and closed in the title and escrow business for the second quarter of both 2005 and 2004:


Month	Direct Orders Opened	Direct Orders Closed	Closing %
April 2005	302,800	203,500	67%
May 2005	321,100	204,100	64%
June 2005	366,200	230,100	63%
Second Quarter 2005	990,100	637,700	64%


Month	Direct Orders Opened	Direct Orders Closed	Closing %
April 2004	348,500	278,900	80%
May 2004	284,300	251,000	88%
June 2004	292,400	242,000	83%
Second Quarter 2004	925,200	771,900	83%

The following table depicts monthly commercial direct orders opened and closed in the title and escrow business for the first and second quarter of 2005:


	Open	Closed	Commercial
	Commercial	Commercial	Revenue	Commercial
	Orders	Orders	(In thousands)	Fee Per File
2^nd Quarter 2005	14,600	8,800	$66,800	$7,600
1^st Quarter 2005	15,000	9,000	$50,400	$5,600

“Order volumes were very strong in the second quarter, as we opened nearly 1 million orders,” said President Randy Quirk. “Open order volumes accelerated as the quarter progressed and the commercial business continues to show strength, providing solid momentum across our title insurance business as we enter the third quarter.”

Fidelity National Financial, Inc., number 261 on the Fortune 500, is a provider of products and outsourced services and solutions to financial institutions and the real estate industry. FNF had total revenue of nearly $8.3 billion and earned more than $740 million in 2004, with cash flow from operations of nearly $1.2 billion for that same period. FNF is the nation’s largest title insurance company, with nearly 31 percent national market share, and is also a provider of other specialty insurance products, including flood insurance, homeowners insurance and home warranty insurance. Through its majority-owned subsidiary Fidelity National Information Services, Inc. (“FIS”), the Company is a leading provider of technology solutions, processing services and information services to the financial services and real estate industries. FIS’ software processes nearly 50 percent of all U. S. residential mortgages, it has processing and technology relationships with 45 of the top 50 U.S. banks and more than 2,800 small and mid-sized U.S. financial institutions and it has clients in more than 50 countries who

rely on its processing and outsourcing products and services. FIS also provides customized business process outsourcing related to aspects of the origination and management of mortgage loans to national lenders and servicers. FIS offers information services, including property data and real estate-related services that are used by lenders, mortgage investors and real estate professionals to complete residential real estate transactions throughout the U.S. More information about the FNF family of companies can be found at www.fnf.com and www.fidelityinfoservices.com.

This press release contains statements related to future events and expectations and, as such, constitutes forward-looking statements. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to be different from those expressed or implied above. The Company expressly disclaims any duty to update or revise forward-looking unaudited statements. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, the effect of governmental regulations, the economy, competition and other risks detailed from time to time in the “Management’s Discussion and Analysis” section of the Company’s Form 10-K and other reports and filings with the Securities and Exchange Commission.

SOURCE: Fidelity National Financial, Inc.

CONTACT: Daniel Kennedy Murphy, Senior Vice President, Finance and Investor Relations,

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				Six months ended
	June 30,				June 30,
	2005		2004		2005		2004
	(Unaudited)				(Unaudited)
Direct title premiums	$	583,035	$	601,444	$	1,060,855	$	1,066,392
Agency title premiums		750,166		680,492		1,260,946		1,286,825

Total title premiums		1,333,201		1,281,936		2,321,801		2,353,217
Escrow and other title-related fees		298,812		295,255		540,966		513,840

Total title and escrow		1,632,013		1,577,191		2,862,767		2,867,057

Financial Institution Software and Services		405,015		296,347		785,579		539,568
Lender Outsourcing Solutions		77,775		88,187		148,971		162,303
Information Services		176,366		147,817		331,171		289,840
Specialty Insurance		77,320		58,418		152,828		107,088
Interest and investment income		31,290		16,024		57,714		30,551
Realized gains and losses		21,699		8,678		25,582		21,151
Gain on sale of minority interest in FIS		0		0		318,209		0
Other		13,413		11,576		23,708		23,498


Total revenue		2,434,891		2,204,238		4,706,529		4,041,056

Personnel costs		808,115		721,537		1,555,192		1,358,133
Other operating expenses		449,707		422,357		843,524		758,083
Agent commissions		576,205		529,974		967,671		1,004,338
Depreciation and amortization		105,232		79,306		202,559		149,916
Claim loss expense		110,802		79,581		197,966		148,316
Interest expense		47,028		11,445		71,535		19,377


Total expenses		2,097,089		1,844,200		3,838,447		3,438,163

Earnings before income taxes		337,802		360,038		868,082		602,893
Income tax expense		130,053		136,814		210,388		229,099
Minority interest		17,707		1,171		23,155		1,500


Net earnings	$	190,042	$	222,053	$	634,539	$	372,294


Net earnings per share — basic	$	1.10	$	1.29	$	3.67	$	2.19

Net earnings per share — diluted	$	1.07	$	1.26	$	3.58	$	2.12


Weighted average shares — basic		172,404		171,551		172,773		169,981

Weighted average shares — diluted		176,873		176,754		177,109		175,331


Direct operations orders opened		990,100		925,200		1,867,000		1,980,800
Direct operations orders closed		637,700		771,900		1,197,100		1,415,000
Fee Per File	$	1,373	$	1,177	$	1,325	$	1,143

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


Three Months Ended							Title and			Specialty												Corporate
June 30, 2005	Consolidated			Eliminations			Escrow			Insurance			FISS			LOS			IS			and Other
Gross operating revenue	$	2,381,902			($50,125	)	$	1,632,013		$	77,320		$	423,045		$	97,190		$	189,046		$	13,413

Interest and investment income		31,290			0			25,928			1,698			1,381			332			481			1,470
Realized gains and losses		21,699			0			17,184			72			1,596			96			30			2,721

Total revenue		2,434,891			(50,125	)		1,675,125			79,090			426,022			97,618			189,557			17,604

Personnel costs		808,115			0			470,355			9,127			225,154			35,092			44,705			23,682
Other operating expenses		449,707			(30,710	)		239,563			33,349			76,145			42,899			78,889			9,572
Agent commissions		576,205			(19,415	)		595,620			0			0			0			0			0
Depreciation		32,638			0			17,096			57			13,326			628			1,413			118
Amortization		72,594			0			7,322			891			44,511			10,907			8,950			13
Claim loss expense		110,802			0			86,659			24,143			0			0			0			0
Interest expense		47,028			0			(136	)		23			(1,017	)		1			162			47,995

Total expenses		2,097,089			(50,125	)		1,416,479			67,590			358,119			89,527			134,119			81,380

Pretax earnings		337,802			0			258,646			11,500			67,903			8,091			55,438			(63,776	)

Pretax margin		13.9	%		—			15.4	%		14.5	%		15.9	%		8.3	%		29.2	%		—


Three Months Ended							Title and			Specialty												Corporate
June 30, 2004	Consolidated			Eliminations			Escrow			Insurance			FISS			LOS			IS			and Other
Gross operating revenue	$	2,179,536			($62,735	)	$	1,569,799		$	58,418		$	314,578		$	128,389		$	159,359		$	11,728

Interest and investment income		16,024			0			14,292			682			49			59			121			821
Realized gains and losses		8,678			0			6,138			25			(64	)		115			2,371			93

Total revenue		2,204,238			(62,735	)		1,590,229			59,125			314,563			128,563			161,851			12,642

Personnel costs		721,537			0			448,802			7,795			176,219			38,275			40,494			9,952
Other operating expenses		422,357			(29,773	)		226,216			29,697			54,137			52,773			77,732			11,575
Agent commissions		529,974			(32,962	)		562,936			0			0			0			0			0
Depreciation		29,826			0			15,390			43			11,682			374			2,075			262
Amortization		49,480			0			8,344			988			29,245			2,036			8,711			156
Claim loss expense		79,581			0			66,958			12,618			0			0			0			5
Interest expense		11,445			0			300			1			205			8			54			10,877

Total expenses		1,844,200			(62,735	)		1,328,946			51,142			271,488			93,466			129,066			32,827

Pretax earnings		360,038			0			261,283			7,983			43,075			35,097			32,785			(20,185	)

Pretax margin		16.3	%		—			16.4	%		13.5	%		13.7	%		27.3	%		20.3	%		—

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


Six Months Ended							Title and			Specialty												Corporate
June 30, 2005	Consolidated			Eliminations			Escrow			Insurance			FISS			LOS			IS			and Other
Gross operating revenue	$	4,305,024			($94,976	)	$	2,862,767		$	152,828		$	819,474		$	186,657		$	354,566		$	23,708

Interest and investment income		57,714			0			44,665			3,077			1,381			732			828			7,031
Realized gains and losses		343,791			0			22,359			68			419			155			(140	)		320,930

Total revenue		4,706,529			(94,976	)		2,929,791			155,973			821,274			187,544			355,254			351,669

Personnel costs		1,555,192			0			888,245			17,552			450,940			68,678			88,843			40,934
Other operating expenses		843,524			(57,290	)		446,562			64,374			136,097			85,507			147,103			21,171
Agent commissions		967,671			(37,686	)		1,005,357			0			0			0			0			0
Depreciation		66,020			0			34,790			74			27,296			933			2,790			137
Amortization		136,539			0			14,457			1,893			89,453			12,552			18,068			116
Claim loss expense		197,966			0			150,918			47,048			0			0			0			0
Interest expense		71,535			0			61			23			3,075			3			219			68,154

Total expenses		3,838,447			(94,976	)		2,540,390			130,964			706,861			167,673			257,023			130,512

Pretax earnings		868,082			0			389,401			25,009			114,413			19,871			98,231			221,157

Pretax margin		18.4	%		—			13.3	%		16.0	%		13.9	%		10.6	%		27.7	%		—


Six Months Ended							Title and			Specialty												Corporate
June 30, 2004	Consolidated			Eliminations			Escrow			Insurance			FISS			LOS			IS			and Other
Gross operating revenue	$	3,989,354			($116,132	)	$	2,851,084		$	107,088		$	568,674		$	243,695		$	311,295			23,650

Interest and investment income		30,551			0			26,348			1,301			74			146			203			2,479
Realized gains and losses		21,151			0			18,395			125			(308	)		201			2,644			94

Total revenue		4,041,056			(116,132	)		2,895,827			108,514			568,440			244,042			314,142			26,223

Personnel costs		1,358,133			0			826,139			14,316			324,915			78,052			82,957			31,754
Other operating expenses		758,083			(50,561	)		400,278			54,893			84,207			97,132			148,250			23,884
Agent commissions		1,004,338			(65,571	)		1,069,909			0			0			0			0			0
Depreciation		56,930			0			30,123			51			21,691			748			4,034			283
Amortization		92,986			0			13,800			2,118			55,778			4,352			16,704			234
Claim loss expense		148,316			0			125,878			22,433			0			0			0			5
Interest expense		19,377			0			668			1			210			18			116			18,364

Total expenses		3,438,163			(116,132	)		2,466,795			93,812			486,801			180,302			252,061			74,524

Pretax earnings		602,893			0			429,032			14,702			81,639			63,740			62,081			(48,301	)

Pretax margin		14.9	%		—			14.8	%		13.5	%		14.4	%		26.1	%		19.8	%		—

SUMMARY BALANCE SHEET INFORMATION
(In thousands, except per share amounts)


	June 30,		December 31,
	2005		2004
	Unaudited
Cash and investment portfolio	$	5,029,881	$	3,677,498
Goodwill		2,744,968		2,798,249
Capitalized software		474,642		440,780
Other intangible assets		658,804		672,185
Total assets		10,687,031		9,270,535
Notes payable		3,198,432		1,370,556
Reserve for claim losses		1,011,865		998,170
Secured trust deposits		1,057,166		735,295
Total stockholders’ equity		3,457,360		4,700,091
Book value per share		19.99		27.24

###