The company has reported $1.1 billion in revenue for this quarter, which marks the third consecutive quarter that the company's revenue has exceeded $1 billion. Fidelity National's revenue has grown significantly from the first quarter of 2001, when revenue was reported as $778 million.
According to Fidelity National, total title premiums for the first quarter of 2002 were $729 million, while cash flow from operations was $165 million and return on average equity was 23.9%. "Despite slightly higher mortgage rates in the quarter, cash flow from operations and return on equity were tremendous," says William P. Foley II, the company's chairman and CEO. "This quarter was a great start to 2002," he adds.
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