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v3.25.2

Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | As of and for the three months ended June 30, 2025:
| Title |  | F&G |  | Corporate and Other |  | Elimination |  | Total
| (In millions)
Direct title insurance premiums | 632 |  |  | — |  |  | — |  |  | — |  |  | 632 |
Agency title insurance premiums | 839 |  |  | — |  |  | — |  |  | — |  |  | 839 |
Escrow, title related and other fees | 613 |  |  | 631 |  |  | 45 |  |  | — |  |  | 1,289 |
Interest and investment income | 86 |  |  | 682 |  |  | 37 |  |  | (28) |  |  | 777 |
Recognized gains and losses, net | 43 |  |  | 51 |  |  | 4 |  |  | — |  |  | 98 |
Total segment revenues | 2,213 |  |  | 1,364 |  |  | 86 |  |  | (28) |  |  | 3,635 |
Significant segment expenses: |  |  |  |  |  |  |  |  |
Personnel costs | 749 |  |  | 77 |  |  | 41 |  |  | — |  |  | 867 |
Agent commissions | 654 |  |  | — |  |  | — |  |  | — |  |  | 654 |
Other operating expenses | 342 |  |  | 42 |  |  | 32 |  |  | — |  |  | 416 |
Benefits and other changes in policy reserves | — |  |  | 993 |  |  | — |  |  | — |  |  | 993 |
Total significant segment expenses | 1,745 |  |  | 1,112 |  |  | 73 |  |  | — |  |  | 2,930 |
Other segment items: |  |  |  |  |  |  |  |  |
Depreciation and amortization | 35 |  |  | 158 |  |  | 7 |  |  | — |  |  | 200 |
Provision for title claim losses | 66 |  |  | — |  |  | — |  |  | — |  |  | 66 |
Market risk benefit gains | — |  |  | (4) |  |  | — |  |  | — |  |  | (4) |
Interest expense | — |  |  | 41 |  |  | 20 |  |  | — |  |  | 61 |
Total other segment items | 101 |  |  | 195 |  |  | 27 |  |  | — |  |  | 323 |
Total segment expenses | 1,846 |  |  | 1,307 |  |  | 100 |  |  | — |  |  | 3,253 |
Earnings (loss) before income taxes and equity in earnings of unconsolidated affiliates | 367 |  |  | 57 |  |  | (14) |  |  | (28) |  |  | 382 |
Income tax expense (benefit) | 93 |  |  | 15 |  |  | (10) |  |  | — |  |  | 98 |
Earnings (loss) before equity in earnings of unconsolidated affiliates | 274 |  |  | 42 |  |  | (4) |  |  | (28) |  |  | 284 |
Equity in earnings of unconsolidated affiliates | 9 |  |  | — |  |  | — |  |  | — |  |  | 9 |
Net earnings (loss) from continuing operations | $ | 283 |  |  | $ | 42 |  |  | $ | (4) |  |  | $ | (28) |  |  | $ | 293 |
Assets | $ | 8,022 |  |  | $ | 91,819 |  |  | $ | 2,490 |  |  | $ | — |  |  | $ | 102,331 |
Goodwill | 2,800 |  |  | 2,179 |  |  | 293 |  |  | — |  |  | 5,272 |
As of and for the three months ended June 30, 2024:
| Title |  | F&G |  | Corporate and Other |  | Elimination |  | Total
| (In millions)
Direct title insurance premiums | 564 |  |  | — |  |  | — |  |  | — |  |  | 564 |
Agency title insurance premiums | 784 |  |  | — |  |  | — |  |  | — |  |  | 784 |
Escrow, title related and other fees | 571 |  |  | 505 |  |  | 39 |  |  | — |  |  | 1,115 |
Interest and investment income | 87 |  |  | 684 |  |  | 39 |  |  | (27) |  |  | 783 |
Recognized gains and losses, net | (75) |  |  | (17) |  |  | 4 |  |  | — |  |  | (88) |
Total segment revenues | 1,931 |  |  | 1,172 |  |  | 82 |  |  | (27) |  |  | 3,158 |
Significant segment expenses: |  |  |  |  |  |  |  |  |
Personnel costs | 680 |  |  | 69 |  |  | 30 |  |  | — |  |  | 779 |
Agent commissions | 609 |  |  | — |  |  | — |  |  | — |  |  | 609 |
Other operating expenses | 311 |  |  | 46 |  |  | 30 |  |  | — |  |  | 387 |
Benefits and other changes in policy reserves | — |  |  | 608 |  |  | — |  |  | — |  |  | 608 |
Total significant segment expenses | 1,600 |  |  | 723 |  |  | 60 |  |  | — |  |  | 2,383 |
Other segment items: |  |  |  |  |  |  |  |  |
Depreciation and amortization | 35 |  |  | 147 |  |  | 7 |  |  | — |  |  | 189 |
Provision for title claim losses | 61 |  |  | — |  |  | — |  |  | — |  |  | 61 |
Market risk benefit losses | — |  |  | 20 |  |  | — |  |  | — |  |  | 20 |
Interest expense | — |  |  | 28 |  |  | 19 |  |  | — |  |  | 47 |
Total other segment items | 96 |  |  | 195 |  |  | 26 |  |  | — |  |  | 317 |
Total segment expenses | 1,696 |  |  | 918 |  |  | 86 |  |  | — |  |  | 2,700 |
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 six months ended June 30, 2025:
| Title |  | F&G |  | Corporate and Other |  | Elimination |  | Total
| (In millions)
Direct title insurance premiums | 1,142 |  |  | — |  |  | — |  |  | — |  |  | 1,142 |
Agency title insurance premiums | 1,520 |  |  | — |  |  | — |  |  | — |  |  | 1,520 |
Escrow, title related and other fees | 1,138 |  |  | 1,136 |  |  | 80 |  |  | — |  |  | 2,354 |
Interest and investment income | 169 |  |  | 1,348 |  |  | 76 |  |  | (56) |  |  | 1,537 |
Recognized gains and losses, net | 18 |  |  | (212) |  |  | 5 |  |  | — |  |  | (189) |
Total segment revenues | 3,987 |  |  | 2,272 |  |  | 161 |  |  | (56) |  |  | 6,364 |
Significant segment expenses: |  |  |  |  |  |  |  |  |
Personnel costs | 1,421 |  |  | 144 |  |  | 72 |  |  | — |  |  | 1,637 |
Agent commissions | 1,182 |  |  | — |  |  | — |  |  | — |  |  | 1,182 |
Other operating expenses | 655 |  |  | 83 |  |  | 55 |  |  | — |  |  | 793 |
Benefits and other changes in policy reserves | — |  |  | 1,517 |  |  | — |  |  | — |  |  | 1,517 |
Total significant segment expenses | 3,258 |  |  | 1,744 |  |  | 127 |  |  | — |  |  | 5,129 |
Other segment items: |  |  |  |  |  |  |  |  |
Depreciation and amortization | 71 |  |  | 311 |  |  | 14 |  |  | — |  |  | 396 |
Provision for title claim losses | 120 |  |  | — |  |  | — |  |  | — |  |  | 120 |
Market risk benefit losses | — |  |  | 105 |  |  | — |  |  | — |  |  | 105 |
Interest expense | — |  |  | 81 |  |  | 40 |  |  | — |  |  | 121 |
Total other segment items | 191 |  |  | 497 |  |  | 54 |  |  | — |  |  | 742 |
Total segment expenses | 3,449 |  |  | 2,241 |  |  | 181 |  |  | — |  |  | 5,871 |
Earnings (loss) before income taxes and equity in earnings of unconsolidated affiliates | 538 |  |  | 31 |  |  | (20) |  |  | (56) |  |  | 493 |
Income tax expense (benefit) | 135 |  |  | 10 |  |  | (18) |  |  | — |  |  | 127 |
Earnings (loss) before equity in earnings of unconsolidated affiliates | 403 |  |  | 21 |  |  | (2) |  |  | (56) |  |  | 366 |
Equity in earnings of unconsolidated affiliates | 10 |  |  | — |  |  | — |  |  | — |  |  | 10 |
Net earnings (loss) from continuing operations | $ | 413 |  |  | $ | 21 |  |  | $ | (2) |  |  | $ | (56) |  |  | $ | 376 |
Assets | $ | 8,022 |  |  | $ | 91,819 |  |  | $ | 2,490 |  |  | $ | — |  |  | $ | 102,331 |
Goodwill | 2,800 |  |  | 2,179 |  |  | 293 |  |  | — |  |  | 5,272 |
As of and for the six months ended June 30, 2024:
| Title |  | F&G |  | Corporate and Other |  | Elimination |  | Total
| (In millions)
Direct title insurance premiums | 1,004 |  |  | — |  |  | — |  |  | — |  |  | 1,004 |
Agency title insurance premiums | 1,377 |  |  | — |  |  | — |  |  | — |  |  | 1,377 |
Escrow, title related and other fees | 1,055 |  |  | 1,246 |  |  | 95 |  |  | — |  |  | 2,396 |
Interest and investment income | 170 |  |  | 1,300 |  |  | 77 |  |  | (54) |  |  | 1,493 |
Recognized gains and losses, net | (12) |  |  | 195 |  |  | 4 |  |  | — |  |  | 187 |
Total segment revenues | 3,594 |  |  | 2,741 |  |  | 176 |  |  | (54) |  |  | 6,457 |
Significant segment expenses: |  |  |  |  |  |  |  |  |
Personnel costs | 1,298 |  |  | 135 |  |  | 73 |  |  | — |  |  | 1,506 |
Agent commissions | 1,069 |  |  | — |  |  | — |  |  | — |  |  | 1,069 |
Other operating expenses | 596 |  |  | 104 |  |  | 56 |  |  | — |  |  | 756 |
Benefits and other changes in policy reserves | — |  |  | 1,769 |  |  | — |  |  | — |  |  | 1,769 |
Total significant segment expenses | 2,963 |  |  | 2,008 |  |  | 129 |  |  | — |  |  | 5,100 |
Other segment items: |  |  |  |  |  |  |  |  |
Depreciation and amortization | 71 |  |  | 270 |  |  | 15 |  |  | — |  |  | 356 |
Provision for title claim losses | 107 |  |  | — |  |  | — |  |  | — |  |  | 107 |
Market risk benefit losses | — |  |  | 9 |  |  | — |  |  | — |  |  | 9 |
Interest expense | — |  |  | 58 |  |  | 38 |  |  | — |  |  | 96 |
Total other segment items | 178 |  |  | 337 |  |  | 53 |  |  | — |  |  | 568 |
Total segment expenses | 3,141 |  |  | 2,345 |  |  | 182 |  |  | — |  |  | 5,668 |
Earnings (loss) 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) before equity in earnings 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 |

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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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