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Segment Information
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
The tables below summarize the result of operations by segment that are provided to the Chief Operating Decision Maker ("CODM"), who is the Company's Chief Executive Officer. The Company's primary methods of measuring profitability and performance on a reportable segment basis are Revenues and Net earnings from continuing operations which are also measures used by the CODM to evaluate segment results and are factors in determining capital allocation among the segments.
Summarized financial information concerning our reportable segments is shown in the following tables. The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
As of and for the year ended December 31, 2024:
 TitleF&GCorporate and OtherEliminationTotal
Segment revenues:(In millions)
Direct title insurance premiums $2,200 $— $— $— $2,200 
Agency title insurance premiums 2,953 — — — 2,953 
Escrow, title related and other fees2,196 2,941 184 — 5,321 
Interest and investment income359 2,719 154 (108)3,124 
Recognized gains and losses, net(6)84 — 83 
   Total segment revenues7,702 5,744 343 (108)13,681 
Significant segment expenses:
Personnel costs2,695 296 157 — 3,148 
Agent commissions2,287 — — — 2,287 
Other operating expenses1,251 203 104 — 1,558 
Benefits and other changes in policy reserves— 3,791 — — 3,791 
   Total significant segment expenses6,233 4,290 261 — 10,784 
Other segment items:
Depreciation and amortization141 569 29 — 739 
Provision for title claim losses232 — — — 232 
Market risk benefit gains— (25)— — (25)
Interest expense— 132 77 — 209 
   Total other segment items373 676 106 — 1,155 
   Total segment expenses 6,606 4,966 367 — 11,939 
Earnings (loss) before income taxes and equity in earnings of unconsolidated affiliates1,096 778 (24)(108)1,742 
Income tax expense (benefit)265 136 (34)— 367 
Earnings (loss) before equity in earnings (loss) of unconsolidated affiliates831 642 10 (108)1,375 
Equity in earnings of unconsolidated affiliates16 — — — 16 
Net earnings (loss) from continuing operations$847 $642 $10 $(108)$1,391 
Assets$7,627 $85,047 $2,698 $— $95,372 
Goodwill2,799 2,179 293 — 5,271 
As of and for the year ended December 31, 2023:
 TitleF&GCorporate and OtherEliminationTotal
Segment revenues:(In millions)
Direct title insurance premiums$1,982 $— $— $— $1,982 
Agency title insurance premiums2,610 — — — 2,610 
Escrow, title related and other fees2,117 2,413 187 — 4,717 
Interest and investment income338 2,211 123 (65)2,607 
Recognized gains and losses, net(9)(124)(31)— (164)
Total segment revenues7,038 4,500 279 (65)11,752 
Significant segment expenses:
Personnel costs2,544 232 132 — 2,908 
Agent commissions2,008 — — — 2,008 
Other operating expenses1,242 146 133 — 1,521 
Benefits and other changes in policy reserves— 3,553 — — 3,553 
Total significant segment expenses5,794 3,931 265 — 9,990 
Other segment items:
Depreciation and amortization154 412 27 — 593 
Provision for title claim losses207 — — — 207 
Market risk benefit losses— 95 — — 95 
Interest expense— 97 77 — 174 
Total other segment items361 604 104 — 1,069 
Total segment expense6,155 4,535 369 — 11,059 
Earnings (loss) before income taxes and equity in earnings of unconsolidated affiliates883 (35)(90)(65)693 
Income tax expense (benefit)181 23 (12)— 192 
Earnings (loss) before equity in earnings of unconsolidated affiliates702 (58)(78)(65)501 
Equity in earnings of unconsolidated affiliates17 — — — 17 
Net earnings (loss)$719 $(58)$(78)$(65)$518 
Assets$7,949 $70,186 $2,479 $— $80,614 
Goodwill2,789 1,749 292 — 4,830 
As of and for the year ended December 31, 2022:
 TitleF&GCorporate and OtherTotal
Segment revenues:(In millions)
Direct title insurance premiums$2,858 $— $— $2,858 
Agency title insurance premiums3,976 — — 3,976 
Escrow, title related and other fees2,502 1,704 127 4,333 
Interest and investment income213 1,655 23 1,891 
Recognized gains and losses, net(443)(1,010)(40)(1,493)
Total segment revenues9,106 2,349 110 11,565 
Significant segment expenses:
Personnel costs2,987 157 48 3,192 
Agent commissions3,064 — — 3,064 
Other operating expenses1,515 102 104 1,721 
Benefits and other changes in policy reserves— 1,126 — 1,126 
Total significant segment expenses7,566 1,385 152 9,103 
Other segment items:
Depreciation and amortization142 324 25 491 
Provision for title claims losses308 — — 308 
Market risk benefit gains— (182)— (182)
Interest expense— 29 86 115 
Total other segment items450 171 111 732 
Total segment expenses8,016 1,556 263 9,835 
Earnings (loss) before income taxes and equity in earnings of unconsolidated affiliates1,090 793 (153)1,730 
Income tax expense (benefit)298 158 (17)439 
Earnings (loss) before equity in earnings of unconsolidated affiliates792 635 (136)1,291 
Equity in earnings of unconsolidated affiliates15 — — 15 
Net earnings (loss)$807 $635 $(136)$1,306 
Assets$8,295 $54,637 $2,211 $65,143 
Goodwill2,620 1,749 266 4,635 

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.
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 (fixed indexed and fixed rate annuities), immediate annuities and indexed universal life insurance. This segment also provides funding agreements and pension risk transfer 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.
Refer to Note L Revenue Recognition for a description of our accounting for our various revenue streams.