Cannae Holdings, Inc. reported second quarter 2026 results featuring net earnings attributable to common shareholders of $37.5 million, or $0.86 per share, compared to a loss of $238.8 million in the prior year period. The turnaround was driven by an $82.8 million gain on recognized items and improved performance at Black Knight Football, which qualified for European competition. Cannae sold its 49% interest in Watkins for $90 million and acquired Exeter Rugby Group for approximately $26 million USD to expand its sports portfolio. The company repurchased 3.4 million shares for $44 million year-to-date but bought back no shares during the quarter due to recent transactions. Cannae Holdings, Inc. is an investment holding company that acquires and actively manages interests in operating businesses.

Cannae Holdings, Inc. sold its entire ownership interest in Watkins Holdings, LLC to KDSA Investment Partners for $90 million in cash proceeds on July 30, 2026. The transaction represents a multiple on invested capital of approximately 1.2x and an internal rate of return (IRR) of nearly 10% over less than two years, following Cannae's initial $80 million investment in October 2024. This sale monetizes a non-core asset as part of the company's portfolio transformation strategy to concentrate on sports and entertainment-related assets while providing capital for future investments or shareholder returns. Cannae Holdings, Inc. is an investment holding company that acquires interests in operating companies, primarily focusing on sports and entertainment.

Cannae Holdings, Inc. closed the sale of its interest in Brasada Ranch to a company owned by William P. Foley, II on July 15, 2026. Additionally, the Company entered into a letter agreement with Mr. Foley to amend the existing Director Services Agreement by deleting the provision that allowed him to sell 50% of his common stock back to the Company. Cannae Holdings, Inc. is a diversified holding company.

Bryan D. Coy resigned as Executive Vice President and Chief Financial Officer of Cannae Holdings, Inc. on June 10, 2026. The company has agreed to accelerate the vesting of 21,327 restricted shares and provide transition payments of up departure to six months of base salary, contingent on his cooperation and a release of claims. Brett A. Correia, formerly the company's Chief Accounting Officer, has been appointed as interim Chief Financial Officer. Cannae Holdings, Inc. is a diversified holding company.