XML 28 R17.htm IDEA: XBRL DOCUMENT
v3.21.2

Segment Information | 6 Months Ended
--- | ---
Jun. 30, 2021
Segment Reporting [Abstract] |
Segment Information | Segment Information Summarized financial information concerning our reportable segments is shown in the following tables. On June 1, 2020, we completed our acquisition of F&G. As a result, the tables for the three and six months ended June 30, 2020 present one month of F&G activity. As of and for the three months ended June 30, 2021:
| Title |  | F&G |  | Corporate and Other |  | Total
| (In millions)
Title premiums | $ | 2,160 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,160 |
Other revenues | 839 |  |  | 62 |  |  | 47 |  |  | 948 |
Revenues from external customers | 2,999 |  |  | 62 |  |  | 47 |  |  | 3,108 |
Interest and investment income, including recognized gains and losses, net | (3) |  |  | 740 |  |  | 9 |  |  | 746 |
Total revenues | 2,996 |  |  | 802 |  |  | 56 |  |  | 3,854 |
Depreciation and amortization | 34 |  |  | 65 |  |  | 6 |  |  | 105 |
Interest expense | — |  |  | 7 |  |  | 21 |  |  | 28 |
Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of unconsolidated affiliates | 644 |  |  | 97 |  |  | (28) |  |  | 713 |
Income tax expense (benefit) | 160 |  |  | 21 |  |  | (5) |  |  | 176 |
Earnings (loss) from continuing operations before equity in earnings (loss) of unconsolidated affiliates | 484 |  |  | 76 |  |  | (23) |  |  | 537 |
Equity in earnings of unconsolidated affiliates | 14 |  |  | — |  |  | — |  |  | 14 |
Net earnings (loss) from continuing operations | $ | 498 |  |  | $ | 76 |  |  | $ | (23) |  |  | $ | 551 |
Assets | $ | 9,565 |  |  | $ | 43,206 |  |  | $ | 1,749 |  |  | $ | 54,520 |
Goodwill | 2,484 |  |  | 1,756 |  |  | 266 |  |  | 4,506 |
As of and for the three months ended June 30, 2020:
| Title |  | F&G |  | Corporate and Other |  | Total
| (In millions)
Title premiums | $ | 1,359 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,359 |
Other revenues | 655 |  |  | 20 |  |  | 72 |  |  | 747 |
Revenues from external customers | 2,014 |  |  | 20 |  |  | 72 |  |  | 2,106 |
Interest and investment income, including recognized gains and losses, net | 210 |  |  | 104 |  |  | — |  |  | 314 |
Total revenues | 2,224 |  |  | 124 |  |  | 72 |  |  | 2,420 |
Depreciation and amortization | 37 |  |  | 3 |  |  | 6 |  |  | 46 |
Interest expense | 1 |  |  | 3 |  |  | 17 |  |  | 21 |
Earnings (loss) from continuing operations before income taxes and equity in earnings of unconsolidated affiliates | 528 |  |  | (58) |  |  | (69) |  |  | 401 |
Income tax expense (benefit) | 130 |  |  | (14) |  |  | (27) |  |  | 89 |
Earnings (loss) from continuing operations before equity in earnings (loss) of unconsolidated affiliates | 398 |  |  | (44) |  |  | (42) |  |  | 312 |
Equity in earnings (loss) of unconsolidated affiliates | 2 |  |  | — |  |  | (1) |  |  | 1 |
Net earnings (loss) from continuing operations | $ | 400 |  |  | $ | (44) |  |  | $ | (43) |  |  | $ | 313 |
Assets | $ | 8,875 |  |  | $ | 38,311 |  |  | $ | 815 |  |  | $ | 48,001 |
Goodwill | 2,462 |  |  | 1,725 |  |  | 265 |  |  | 4,452 |
As of and for the six months ended June 30, 2021:
| Title |  | F&G |  | Corporate and Other |  | Total
| (In millions)
Title premiums | $ | 3,964 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,964 |
Other revenues | 1,584 |  |  | 126 |  |  | 89 |  |  | 1,799 |
Revenues from external customers | 5,548 |  |  | 126 |  |  | 89 |  |  | 5,763 |
Interest and investment income, including recognized gains and losses, net | (33) |  |  | 1,215 |  |  | 9 |  |  | 1,191 |
Total revenues | 5,515 |  |  | 1,341 |  |  | 98 |  |  | 6,954 |
Depreciation and amortization | 67 |  |  | 209 |  |  | 12 |  |  | 288 |
Interest expense | — |  |  | 15 |  |  | 41 |  |  | 56 |
Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of unconsolidated affiliates | 1,083 |  |  | 453 |  |  | (66) |  |  | 1,470 |
Income tax expense (benefit) | 263 |  |  | 93 |  |  | (14) |  |  | 342 |
Earnings (loss) from continuing operations before equity in earnings (loss) of unconsolidated affiliates | 820 |  |  | 360 |  |  | (52) |  |  | 1,128 |
Equity in earnings of unconsolidated affiliates | 22 |  |  | — |  |  | 5 |  |  | 27 |
Net earnings (loss) from continuing operations | $ | 842 |  |  | $ | 360 |  |  | $ | (47) |  |  | $ | 1,155 |
Assets | $ | 9,565 |  |  | $ | 43,206 |  |  | $ | 1,749 |  |  | $ | 54,520 |
Goodwill | 2,484 |  |  | 1,756 |  |  | 266 |  |  | 4,506 |
As of and for the six months ended June 30, 2020:
| Title |  | F&G |  | Corporate and Other |  | Total
| (In millions)
Title premiums | $ | 2,637 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,637 |
Other revenues | 1,265 |  |  | 20 |  |  | 63 |  |  | 1,348 |
Revenues from external customers | 3,902 |  |  | 20 |  |  | 63 |  |  | 3,985 |
Interest and investment income, including recognized gains and losses, net | (55) |  |  | 104 |  |  | (2) |  |  | 47 |
Total revenues | 3,847 |  |  | 124 |  |  | 61 |  |  | 4,032 |
Depreciation and amortization | 74 |  |  | 3 |  |  | 12 |  |  | 89 |
Interest expense | 1 |  |  | 3 |  |  | 29 |  |  | 33 |
Earnings (loss) from continuing operations before income taxes and equity in earnings of unconsolidated affiliates | 475 |  |  | (58) |  |  | (102) |  |  | 315 |
Income tax expense (benefit) | 111 |  |  | (14) |  |  | (36) |  |  | 61 |
Earnings (loss) from continuing operations before equity in earnings (loss) of unconsolidated affiliates | 364 |  |  | (44) |  |  | (66) |  |  | 254 |
Equity in earnings (loss) of unconsolidated affiliates | 3 |  |  | — |  |  | (1) |  |  | 2 |
Net earnings (loss) | $ | 367 |  |  | $ | (44) |  |  | $ | (67) |  |  | $ | 256 |
Assets | $ | 8,875 |  |  | $ | 38,311 |  |  | $ | 815 |  |  | $ | 48,001 |
Goodwill | 2,462 |  |  | 1,725 |  |  | 265 |  |  | 4,452 |
The activities in our segments include the following: •Title. This segment consists of the operations of our title insurance underwriters and related businesses. This segment provides core title insurance and escrow and other title-related services including trust activities, trustee sales guarantees, and home warranty products. This segment also includes our transaction services business, which includes other title-related services used in the production and management of mortgage loans, including mortgage loans that experience default. •F&G. This segment consists of operations of our annuities and life insurance related businesses. This segment issues a broad portfolio of deferred annuities (fixed index and fixed rate annuities), immediate annuities and indexed universal life insurance. •Corporate and Other. This segment consists of the operations of the parent holding company, our real estate technology subsidiaries and our remaining real estate brokerage businesses. This segment also includes certain other unallocated corporate overhead expenses and eliminations of revenues and expenses between it and our Title segment.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration