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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Schedule of 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, 2024:
| Title |  | F&G |  | Corporate and Other |  | Elimination |  | Total
| (In millions)
Title premiums | $ | 1,348 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,348 |
Other revenues | 571 |  |  | 505 |  |  | 39 |  |  | — |  |  | 1,115 |
Revenues from external customers | 1,919 |  |  | 505 |  |  | 39 |  |  | — |  |  | 2,463 |
Interest and investment income, including recognized gains and losses, net | 12 |  |  | 667 |  |  | 43 |  |  | (27) |  |  | 695 |
Total revenues | 1,931 |  |  | 1,172 |  |  | 82 |  |  | (27) |  |  | 3,158 |
Depreciation and amortization | 35 |  |  | 147 |  |  | 7 |  |  | — |  |  | 189 |
Interest expense | — |  |  | 28 |  |  | 19 |  |  | — |  |  | 47 |
Earnings (loss) before income taxes and equity in earnings of unconsolidated affiliates | 235 |  |  | 254 |  |  | (4) |  |  | (27) |  |  | 458 |
Income tax expense (benefit) | 72 |  |  | 50 |  |  | (6) |  |  | — |  |  | 116 |
Earnings (loss) before equity in earnings of unconsolidated affiliates | 163 |  |  | 204 |  |  | 2 |  |  | (27) |  |  | 342 |
Equity in earnings of unconsolidated affiliates | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Net earnings (loss) from continuing operations | $ | 164 |  |  | $ | 204 |  |  | $ | 2 |  |  | $ | (27) |  |  | $ | 343 |
Assets | $ | 8,019 |  |  | $ | 78,493 |  |  | $ | 2,312 |  |  | $ | — |  |  | $ | 88,824 |
Goodwill | 2,797 |  |  | 2,017 |  |  | 293 |  |  | — |  |  | 5,107 |
As of and for the three months ended June 30, 2023:
| Title |  | F&G |  | Corporate and Other |  | Elimination |  | Total
| (In millions)
Title premiums | $ | 1,254 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,254 |
Other revenues | 581 |  |  | 576 |  |  | 55 |  |  | — |  |  | 1,212 |
Revenues from external customers | 1,835 |  |  | 576 |  |  | 55 |  |  | — |  |  | 2,466 |
Interest and investment income, including recognized gains and losses, net | 29 |  |  | 592 |  |  | 2 |  |  | (21) |  |  | 602 |
Total revenues | 1,864 |  |  | 1,168 |  |  | 57 |  |  | (21) |  |  | 3,068 |
Depreciation and amortization | 39 |  |  | 104 |  |  | 8 |  |  | — |  |  | 151 |
Interest expense | — |  |  | 25 |  |  | 18 |  |  | — |  |  | 43 |
Earnings (loss) before income taxes and equity in earnings of unconsolidated affiliates | 233 |  |  | 163 |  |  | (43) |  |  | (21) |  |  | 332 |
Income tax expense (benefit) | 65 |  |  | 33 |  |  | (8) |  |  | — |  |  | 90 |
Earnings (loss) before equity in earnings of unconsolidated affiliates | 168 |  |  | 130 |  |  | (35) |  |  | (21) |  |  | 242 |
Equity in earnings of unconsolidated affiliates | 1 |  |  | — |  |  | — |  |  |  |  | 1 |
Net earnings (loss) from continuing operations | $ | 169 |  |  | $ | 130 |  |  | $ | (35) |  |  | $ | (21) |  |  | $ | 243 |
Assets | $ | 8,145 |  |  | $ | 62,564 |  |  | $ | 2,312 |  |  | $ | — |  |  | $ | 73,021 |
Goodwill | 2,770 |  |  | 1,749 |  |  | 292 |  |  | — |  |  | 4,811 |
As of and for the six months ended June 30, 2024:
| Title |  | F&G |  | Corporate and Other |  | Elimination |  | Total
| (In millions)
Title premiums | $ | 2,381 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,381 |
Other revenues | 1,055 |  |  | 1,246 |  |  | 95 |  |  | — |  |  | 2,396 |
Revenues from external customers | 3,436 |  |  | 1,246 |  |  | 95 |  |  | — |  |  | 4,777 |
Interest and investment income, including recognized gains and losses, net | 158 |  |  | 1,495 |  |  | 81 |  |  | (54) |  |  | 1,680 |
Total revenues | 3,594 |  |  | 2,741 |  |  | 176 |  |  | (54) |  |  | 6,457 |
Depreciation and amortization | 71 |  |  | 270 |  |  | 15 |  |  | — |  |  | 356 |
Interest expense | — |  |  | 58 |  |  | 38 |  |  | — |  |  | 96 |
Earnings (loss) from continuing operations before income taxes and equity in earnings of unconsolidated affiliates | 453 |  |  | 396 |  |  | (6) |  |  | (54) |  |  | 789 |
Income tax expense (benefit) | 117 |  |  | 76 |  |  | (14) |  |  | — |  |  | 179 |
Earnings (loss) from continuing operations before equity in earnings (loss) of unconsolidated affiliates | 336 |  |  | 320 |  |  | 8 |  |  | (54) |  |  | 610 |
Equity in earnings of unconsolidated affiliates | 2 |  |  | — |  |  | — |  |  | — |  |  | 2 |
Net earnings (loss) from continuing operations | $ | 338 |  |  | $ | 320 |  |  | $ | 8 |  |  | $ | (54) |  |  | $ | 612 |
Assets | $ | 8,019 |  |  | $ | 78,493 |  |  | $ | 2,312 |  |  | $ | — |  |  | $ | 88,824 |
Goodwill | 2,797 |  |  | 2,017 |  |  | 293 |  |  | — |  |  | 5,107 |
As of and for the six months ended June 30, 2023:
| Title |  | F&G |  | Corporate and Other |  | Elimination |  | Total
| (In millions)
Title premiums | $ | 2,232 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,232 |
Other revenues | 1,052 |  |  | 941 |  |  | 99 |  |  | — |  |  | 2,092 |
Revenues from external customers | 3,284 |  |  | 941 |  |  | 99 |  |  | — |  |  | 4,324 |
Interest and investment income, including recognized gains and losses, net | 132 |  |  | 1,096 |  |  | 11 |  |  | (21) |  |  | 1,218 |
Total revenues | 3,416 |  |  | 2,037 |  |  | 110 |  |  | (21) |  |  | 5,542 |
Depreciation and amortization | 76 |  |  | 194 |  |  | 15 |  |  | — |  |  | 285 |
Interest expense | — |  |  | 47 |  |  | 38 |  |  | — |  |  | 85 |
Earnings (loss) from continuing operations before income taxes and equity in earnings of unconsolidated affiliates | 390 |  |  | (40) |  |  | (71) |  |  | (21) |  |  | 258 |
Income tax expense (benefit) | 92 |  |  | 25 |  |  | (13) |  |  | — |  |  | 104 |
Earnings (loss) from continuing operations before equity in earnings of unconsolidated affiliates | 298 |  |  | (65) |  |  | (58) |  |  | (21) |  |  | 154 |
Equity in earnings of unconsolidated affiliates | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Net earnings (loss) from continuing operations | $ | 299 |  |  | $ | (65) |  |  | $ | (58) |  |  | $ | (21) |  |  | $ | 155 |
Assets | $ | 8,145 |  |  | $ | 62,564 |  |  | $ | 2,312 |  |  | $ | — |  |  | $ | 73,021 |
Goodwill | 2,770 |  |  | 1,749 |  |  | 292 |  |  | — |  |  | 4,811 |

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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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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