Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

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:


	Title		F&G		Corporate and Other		Elimination		Total
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 fees	2,196		2,941		184		—		5,321
Interest and investment income	359		2,719		154		(108)		3,124
Recognized gains and losses, net	(6)		84		5		—		83
Total segment revenues	7,702		5,744		343		(108)		13,681
Significant segment expenses:
Personnel costs	2,695		296		157		—		3,148
Agent commissions	2,287		—		—		—		2,287
Other operating expenses	1,251		203		104		—		1,558
Benefits and other changes in policy reserves	—		3,791		—		—		3,791
Total significant segment expenses	6,233		4,290		261		—		10,784
Other segment items:
Depreciation and amortization	141		569		29		—		739
Provision for title claim losses	232		—		—		—		232
Market risk benefit gains	—		(25)		—		—		(25)
Interest expense	—		132		77		—		209
Total other segment items	373		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 affiliates	1,096		778		(24)		(108)		1,742
Income tax expense (benefit)	265		136		(34)		—		367
Earnings (loss) before equity in earnings (loss) of unconsolidated affiliates	831		642		10		(108)		1,375
Equity in earnings of unconsolidated affiliates	16		—		—		—		16
Net earnings (loss) from continuing operations	$	847	$	642	$	10	$	(108)	$	1,391
Assets	$	7,627	$	85,047	$	2,698	$	—	$	95,372
Goodwill	2,799		2,179		293		—		5,271

As of and for the year ended December 31, 2023:


	Title		F&G		Corporate and Other		Elimination		Total
Segment revenues:	(In millions)
Direct title insurance premiums	$	1,982	$	—	$	—	$	—	$	1,982
Agency title insurance premiums	2,610		—		—		—		2,610
Escrow, title related and other fees	2,117		2,413		187		—		4,717
Interest and investment income	338		2,211		123		(65)		2,607
Recognized gains and losses, net	(9)		(124)		(31)		—		(164)
Total segment revenues	7,038		4,500		279		(65)		11,752
Significant segment expenses:
Personnel costs	2,544		232		132		—		2,908
Agent commissions	2,008		—		—		—		2,008
Other operating expenses	1,242		146		133		—		1,521
Benefits and other changes in policy reserves	—		3,553		—		—		3,553
Total significant segment expenses	5,794		3,931		265		—		9,990
Other segment items:
Depreciation and amortization	154		412		27		—		593
Provision for title claim losses	207		—		—		—		207
Market risk benefit losses	—		95		—		—		95
Interest expense	—		97		77		—		174
Total other segment items	361		604		104		—		1,069
Total segment expense	6,155		4,535		369		—		11,059
Earnings (loss) before income taxes and equity in earnings of unconsolidated affiliates	883		(35)		(90)		(65)		693
Income tax expense (benefit)	181		23		(12)		—		192
Earnings (loss) before equity in earnings of unconsolidated affiliates	702		(58)		(78)		(65)		501
Equity in earnings of unconsolidated affiliates	17		—		—		—		17
Net earnings (loss)	$	719	$	(58)	$	(78)	$	(65)	$	518
Assets	$	7,949	$	70,186	$	2,479	$	—	$	80,614
Goodwill	2,789		1,749		292		—		4,830

As of and for the year ended December 31, 2022:


	Title		F&G		Corporate and Other		Total
Segment revenues:	(In millions)
Direct title insurance premiums	$	2,858	$	—	$	—	$	2,858
Agency title insurance premiums	3,976		—		—		3,976
Escrow, title related and other fees	2,502		1,704		127		4,333
Interest and investment income	213		1,655		23		1,891
Recognized gains and losses, net	(443)		(1,010)		(40)		(1,493)
Total segment revenues	9,106		2,349		110		11,565
Significant segment expenses:
Personnel costs	2,987		157		48		3,192
Agent commissions	3,064		—		—		3,064
Other operating expenses	1,515		102		104		1,721
Benefits and other changes in policy reserves	—		1,126		—		1,126
Total significant segment expenses	7,566		1,385		152		9,103
Other segment items:
Depreciation and amortization	142		324		25		491
Provision for title claims losses	308		—		—		308
Market risk benefit gains	—		(182)		—		(182)
Interest expense	—		29		86		115
Total other segment items	450		171		111		732
Total segment expenses	8,016		1,556		263		9,835
Earnings (loss) before income taxes and equity in earnings of unconsolidated affiliates	1,090		793		(153)		1,730
Income tax expense (benefit)	298		158		(17)		439
Earnings (loss) before equity in earnings of unconsolidated affiliates	792		635		(136)		1,291
Equity in earnings of unconsolidated affiliates	15		—		—		15
Net earnings (loss)	$	807	$	635	$	(136)	$	1,306
Assets	$	8,295	$	54,637	$	2,211	$	65,143
Goodwill	2,620		1,749		266		4,635