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Segment Information
9 Months Ended
Sep. 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 September 30, 2023:
 TitleF&GCorporate and OtherTotal
 (In millions)
Title premiums$1,252 $— $— $1,252 
Other revenues577 582 37 1,196 
Revenues from external customers1,829 582 37 2,448 
Interest and investment income, including recognized gains and losses, net46 269 15 330 
Total revenues1,875 851 52 2,778 
Depreciation and amortization39 108 153 
Interest expense— 24 20 44 
Earnings (loss) from continuing operations before income taxes and equity in earnings of unconsolidated affiliates248 380 (25)603 
Income tax expense (benefit)73 74 (6)141 
Earnings (loss) from continuing operations before equity in earnings of unconsolidated affiliates175 306 (19)462 
Equity in earnings of unconsolidated affiliates15 — — 15 
Net earnings (loss) from continuing operations$190 $306 $(19)$477 
Assets$8,136 $63,596 $2,270 $74,002 
Goodwill2,789 1,749 292 4,830 

As of and for the three months ended September 30, 2022:
 TitleF&GCorporate and OtherTotal
 (In millions)
Title premiums$1,654 $— $— $1,654 
Other revenues623 702 46 1,371 
Revenues from external customers2,277 702 46 3,025 
Interest and investment income, including recognized gains and losses, net14 200 (33)181 
Total revenues2,291 902 13 3,206 
Depreciation and amortization38 82 126 
Interest expense— 22 28 
Earnings (loss) from continuing operations before income taxes and equity in earnings of unconsolidated affiliates335 238 (70)503 
Income tax expense (benefit)93 51 (8)136 
Earnings (loss) from continuing operations before equity in earnings of unconsolidated affiliates242 187 (62)367 
Net earnings (loss) from continuing operations$242 $187 $(62)$367 
Assets$8,906 $50,851 $1,968 $61,725 
Goodwill2,587 1,749 266 4,602 

As of and for the nine months ended September 30, 2023:
 TitleF&GCorporate and OtherTotal
 (In millions)
Title premiums$3,484 $— $— $3,484 
Other revenues1,629 1,523 136 3,288 
Revenues from external customers5,113 1,523 136 6,772 
Interest and investment income, including recognized gains and losses, net178 1,365 1,548 
Total revenues5,291 2,888 141 8,320 
Depreciation and amortization115 302 21 438 
Interest expense— 71 58 129 
Earnings (loss) from continuing operations before income taxes and equity in earnings of unconsolidated affiliates638 340 (117)861 
Income tax expense (benefit)165 99 (19)245 
Earnings (loss) from continuing operations before equity in earnings (loss) of unconsolidated affiliates473 241 (98)616 
Equity in earnings of unconsolidated affiliates16 — — 16 
Net earnings (loss) from continuing operations$489 $241 $(98)$632 
Assets$8,136 $63,596 $2,270 $74,002 
Goodwill2,789 1,749 292 4,830 

As of and for the nine months ended September 30, 2022:
 TitleF&GCorporate and OtherTotal
 (In millions)
Title premiums$5,582 $— $— $5,582 
Other revenues1,994 1,369 86 3,449 
Revenues from external customers7,576 1,369 86 9,031 
Interest and investment income, including recognized gains and losses, net(348)353 (28)(23)
Total revenues7,228 1,722 58 9,008 
Depreciation and amortization105 238 18 361 
Interest expense— 23 66 89 
Earnings (loss) from continuing operations before income taxes and equity in earnings of unconsolidated affiliates851 1,065 (126)1,790 
Income tax expense (benefit)261 254 (21)494 
Earnings (loss) from continuing operations before equity in earnings of unconsolidated affiliates590 811 (105)1,296 
Equity in earnings of unconsolidated affiliates16 — — 16 
Net earnings (loss) from continuing operations$606 $811 $(105)$1,312 
Assets$8,906 $50,851 $1,968 $61,725 
Goodwill2,587 1,749 266 4,602 
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.