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Revenue Recognition (Tables) | 6 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | Our revenue consists of:
|  |  |  |  |  | Three months ended June 30, |  | Six months ended June 30,
|  |  |  |  |  | 2024 |  | 2023 |  | 2024 |  | 2023
Revenue Stream |  | Income Statement Classification |  | Segment |  | Total Revenue
Revenue from insurance contracts: |  |  |  |  |  | (In millions)
Direct title insurance premiums |  | Direct title insurance premiums |  | Title |  | $ | 564 |  |  | $ | 541 |  |  | $ | 1,004 |  |  | $ | 969 |
Agency title insurance premiums |  | Agency title insurance premiums |  | Title |  | 784 |  |  | 713 |  |  | 1,377 |  |  | 1,263 |
Life insurance premiums, insurance and investment product fees, and other |  | Escrow, title-related and other fees |  | F&G |  | 505 |  |  | 576 |  |  | 1,246 |  |  | 941 |
Home warranty |  | Escrow, title-related and other fees |  | Title |  | 40 |  |  | 37 |  |  | 72 |  |  | 67 |
Total revenue from insurance contracts |  |  |  |  |  | 1,893 |  |  | 1,867 |  |  | 3,699 |  |  | 3,240 |
Revenue from contracts with customers: |  |  |  |  |  |  |  |  |  |  |  |
Escrow fees |  | Escrow, title-related and other fees |  | Title |  | 223 |  |  | 219 |  |  | 390 |  |  | 379 |
Other title-related fees and income |  | Escrow, title-related and other fees |  | Title |  | 165 |  |  | 169 |  |  | 310 |  |  | 315 |
ServiceLink, excluding title premiums, escrow fees, and subservicing fees |  | Escrow, title-related and other fees |  | Title |  | 80 |  |  | 87 |  |  | 154 |  |  | 162 |
Real estate technology |  | Escrow, title-related and other fees |  | Corporate and other |  | 36 |  |  | 39 |  |  | 71 |  |  | 76 |
Total revenue from contracts with customers |  |  |  |  |  | 504 |  |  | 514 |  |  | 925 |  |  | 932 |
Other revenue: |  |  |  |  |  |  |  |  |  |  |  |
Loan subservicing revenue |  | Escrow, title-related and other fees |  | Title |  | 63 |  |  | 69 |  |  | 129 |  |  | 129 |
Other |  | Escrow, title-related and other fees |  | Corporate and other |  | 3 |  |  | 16 |  |  | 24 |  |  | 23 |
Interest and investment income |  | Interest and investment income |  | Various |  | 783 |  |  | 618 |  |  | 1,493 |  |  | 1,229 |
Recognized gains and losses, net |  | Recognized gains and losses, net |  | Various |  | (88) |  |  | (16) |  |  | 187 |  |  | (11) |
Total revenues |  | Total revenues |  |  |  | $ | 3,158 |  |  | $ | 3,068 |  |  | $ | 6,457 |  |  | $ | 5,542 |
Information about Trade Receivables and Deferred Revenue | The following table provides information about trade receivables and deferred revenue:
| June 30, 2024 |  | December 31, 2023
| (In millions)
Trade receivables | $ | 333 |  |  | $ | 317 |
Deferred revenue (contract liabilities) | 95 |  |  | 91 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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