Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

As of and for the three months ended March 31, 2025:


	Title		F&G		Corporate and Other		Elimination		Total
	(In millions)
Direct title insurance premiums	510		—		—		—		510
Agency title insurance premiums	681		—		—		—		681
Escrow, title related and other fees	525		505		35		—		1,065
Interest and investment income	83		666		39		(28)		760
Recognized gains and losses, net	(25)		(263)		1		—		(287)
Total segment revenues	1,774		908		75		(28)		2,729
Significant segment expenses:
Personnel costs	672		67		31		—		770
Agent commissions	528		—		—		—		528
Other operating expenses	313		41		23		—		377
Benefits and other changes in policy reserves	—		524		—		—		524
Total significant segment expenses	1,513		632		54		—		2,199
Other segment items:
Depreciation and amortization	36		153		7		—		196
Provision for title claim losses	54		—		—		—		54
Market risk benefit gains	—		109		—		—		109
Interest expense	—		40		20		—		60
Total other segment items	90		302		27		—		419
Total segment expenses	1,603		934		81		—		2,618
Earnings (loss) before income taxes and equity in earnings of unconsolidated affiliates	171		(26)		(6)		(28)		111
Income tax expense (benefit)	42		(5)		(8)		—		29
Earnings (loss) before equity in earnings of unconsolidated affiliates	129		(21)		2		(28)		82
Equity in earnings of unconsolidated affiliates	1		—		—		—		1
Net earnings (loss) from continuing operations	$	130	$	(21)	$	2	$	(28)	$	83
Assets	$	7,723	$	88,013	$	2,473	$	—	$	98,209
Goodwill	2,799		2,179		293		—		5,271

As of and for the three months ended March 31, 2024:


	Title		F&G		Corporate and Other		Elimination		Total
	(In millions)
Direct title insurance premiums	440		—		—		—		440
Agency title insurance premiums	593		—		—		—		593
Escrow, title related and other fees	484		741		56		—		1,281
Interest and investment income	83		616		38		(27)		710
Recognized gains and losses, net	63		212		—		—		275
Total segment revenues	1,663		1,569		94		(27)		3,299
Significant segment expenses:
Personnel costs	618		66		43		—		727
Agent commissions	460		—		—		—		460
Other operating expenses	285		58		26		—		369
Benefits and other changes in policy reserves	—		1,161		—		—		1,161
Total significant segment expenses	1,363		1,285		69		—		2,717
Other segment items:
Depreciation and amortization	36		123		8		—		167
Provision for title claim losses	46		—		—		—		46
Market risk benefit gains	—		(11)		—		—		(11)
Interest expense	—		30		19		—		49
Total other segment items	82		142		27		—		251
Total segment expenses	1,445		1,427		96		—		2,968
Earnings (loss) before income taxes and equity in earnings of unconsolidated affiliates	218		142		(2)		(27)		331
Income tax expense (benefit)	45		26		(8)		—		63
Earnings (loss) before equity in earnings of unconsolidated affiliates	173		116		6		(27)		268
Equity in earnings of unconsolidated affiliates	1		—		—		—		1
Net earnings (loss) from continuing operations	$	174	$	116	$	6	$	(27)	$	269
Assets	$	7,905	$	74,417	$	2,174	$	—	$	84,496
Goodwill	2,797		2,017		293		—		5,107