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Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Schedule of 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

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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-Topic 280
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-Section 50
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