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Segment Information
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
Summarized financial information concerning our reportable segments is shown in the following tables.
As of and for the three months ended June 30, 2023:
 TitleF&GCorporate and OtherTotal
 (In millions)
Title premiums$1,254 $— $— $1,254 
Other revenues581 576 55 1,212 
Revenues from external customers1,835 576 55 2,466 
Interest and investment income, including recognized gains and losses, net29 592 (19)602 
Total revenues1,864 1,168 36 3,068 
Depreciation and amortization39 104 151 
Interest expense— 25 18 43 
Earnings (loss) from continuing operations before income taxes and equity in earnings of unconsolidated affiliates233 163 (64)332 
Income tax expense (benefit)65 33 (8)90 
Earnings (loss) from continuing operations before equity in earnings of unconsolidated affiliates168 130 (56)242 
Equity in earnings of unconsolidated affiliates— — 1 
Net earnings (loss) from continuing operations$169 $130 $(56)$243 
Assets$8,145 $62,564 $2,312 $73,021 
Goodwill2,770 1,749 292 4,811 


As of and for the three months ended June 30, 2022:
 TitleF&GCorporate and OtherTotal
 (In millions)
Title premiums$2,062 $— $— $2,062 
Other revenues706 71 786 
Revenues from external customers2,768 71 2,848 
Interest and investment income, including recognized gains and losses, net(214)(1)(213)
Total revenues2,554 70 11 2,635 
Depreciation and amortization34 80 120 
Interest expense— 22 31 
Earnings (loss) from continuing operations before income taxes and equity in earnings of unconsolidated affiliates267 482 (18)731 
Income tax expense (benefit)111 97 (6)202 
Earnings (loss) from continuing operations before equity in earnings of unconsolidated affiliates156 385 (12)529 
Equity in earnings of unconsolidated affiliates14 — — 14 
Net earnings (loss) from continuing operations$170 $385 $(12)$543 
Assets$9,309 $49,389 $2,314 $61,012 
Goodwill2,516 1,749 266 4,531 

As of and for the six months ended June 30, 2023:
 TitleF&GCorporate and OtherTotal
 (In millions)
Title premiums$2,232 $— $— $2,232 
Other revenues1,052 941 99 2,092 
Revenues from external customers3,284 941 99 4,324 
Interest and investment income, including recognized gains and losses, net132 1,096 (10)1,218 
Total revenues3,416 2,037 89 5,542 
Depreciation and amortization76 194 15 285 
Interest expense— 47 38 85 
Earnings (loss) from continuing operations before income taxes and equity in earnings of unconsolidated affiliates390 (40)(92)258 
Income tax expense (benefit)92 25 (13)104 
Earnings (loss) from continuing operations before equity in earnings (loss) of unconsolidated affiliates298 (65)(79)154 
Equity in earnings of unconsolidated affiliates— — 1 
Net earnings (loss) from continuing operations$299 $(65)$(79)$155 
Assets$8,145 $62,564 $2,312 $73,021 
Goodwill2,770 1,749 292 4,811 

As of and for the six months ended June 30, 2022:
 TitleF&GCorporate and OtherTotal
 (In millions)
Title premiums$3,928 $— $— $3,928 
Other revenues1,371 667 40 2,078 
Revenues from external customers5,299 667 40 6,006 
Interest and investment income, including recognized gains and losses, net(362)153 (204)
Total revenues4,937 820 45 5,802 
Depreciation and amortization67 156 12 235 
Interest expense— 17 44 61 
Earnings (loss) from continuing operations before income taxes and equity in earnings of unconsolidated affiliates516 827 (56)1,287 
Income tax expense (benefit)168 203 (13)358 
Earnings (loss) from continuing operations before equity in earnings of unconsolidated affiliates348 624 (43)929 
Equity in earnings of unconsolidated affiliates16 — — 16 
Net earnings (loss) from continuing operations$364 $624 $(43)$945 
Assets$9,309 $49,389 $2,314 $61,012 
Goodwill2,516 1,749 266 4,531 
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 loan sub-servicing, valuations, default services, and home warranty products.
F&G. This segment primarily consists of the operations of our annuities and life insurance related businesses. This segment issues a broad portfolio of annuity and life products, including deferred annuities (FIA and fixed rate annuities), immediate annuities and IUL. This segment also provides funding agreements and PRT solutions.
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.