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Segment Information
6 Months Ended
Jun. 30, 2025
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 three months ended June 30, 2025:
 TitleF&GCorporate and OtherEliminationTotal
 (In millions)
Direct title insurance premiums 632 — — — 632 
Agency title insurance premiums 839 — — — 839 
Escrow, title related and other fees613 631 45 — 1,289 
Interest and investment income 86 682 37 (28)777 
Recognized gains and losses, net43 51 — 98 
Total segment revenues2,213 1,364 86 (28)3,635 
Significant segment expenses:
Personnel costs749 77 41 — 867 
Agent commissions654 — — — 654 
Other operating expenses 342 42 32 — 416 
Benefits and other changes in policy reserves— 993 — — 993 
      Total significant segment expenses1,745 1,112 73 — 2,930 
Other segment items:
Depreciation and amortization35 158 — 200 
Provision for title claim losses66 — — — 66 
Market risk benefit gains— (4)— — (4)
Interest expense 41 20 — 61 
     Total other segment items 101 195 27 — 323 
      Total segment expenses1,846 1,307 100 — 3,253 
Earnings (loss) before income taxes and equity in earnings of unconsolidated affiliates367 57 (14)(28)382 
Income tax expense (benefit)93 15 (10)— 98 
Earnings (loss) before equity in earnings of unconsolidated affiliates274 42 (4)(28)284 
Equity in earnings of unconsolidated affiliates— — — 9 
Net earnings (loss) from continuing operations$283 $42 $(4)$(28)$293 
Assets$8,022 $91,819 $2,490 $— $102,331 
Goodwill2,800 2,179 293 — 5,272 
As of and for the three months ended June 30, 2024:
TitleF&GCorporate and OtherEliminationTotal
 (In millions)
Direct title insurance premiums564 — —  564 
Agency title insurance premiums784 — —  784 
Escrow, title related and other fees571 505 39  1,115 
Interest and investment income87 684 39 (27)783 
Recognized gains and losses, net(75)(17) (88)
Total segment revenues1,931 1,172 82 (27)3,158 
Significant segment expenses:
Personnel costs680 69 30  779 
Agent commissions609 — —  609 
Other operating expenses311 46 30  387 
Benefits and other changes in policy reserves— 608 —  608 
     Total significant segment expenses1,600 723 60 — 2,383 
Other segment items:
Depreciation and amortization35 147  189 
Provision for title claim losses61 — —  61 
Market risk benefit losses— 20 —  20 
Interest expense— 28 19  47 
    Total other segment items96 195 26 — 317 
     Total segment expenses1,696 918 86 — 2,700 
Earnings (loss) before income taxes and equity in earnings of unconsolidated affiliates235 254 (4)(27)458 
Income tax expense (benefit)72 50 (6) 116 
Earnings (loss) before equity in earnings of unconsolidated affiliates163 204 (27)342 
Equity in earnings of unconsolidated affiliates— —  1 
Net earnings (loss) from continuing operations$164 $204 $$(27)$343 
Assets$8,019 $78,493 $2,312 $ $88,824 
Goodwill2,797 2,017 293  5,107 
As of and for the six months ended June 30, 2025:
 TitleF&GCorporate and OtherEliminationTotal
 (In millions)
Direct title insurance premiums 1,142 — — — 1,142 
Agency title insurance premiums 1,520 — — — 1,520 
Escrow, title related and other fees1,138 1,136 80 — 2,354 
Interest and investment income 169 1,348 76 (56)1,537 
Recognized gains and losses, net18 (212)— (189)
Total segment revenues3,987 2,272 161 (56)6,364 
Significant segment expenses:
Personnel costs1,421 144 72 — 1,637 
Agent commissions1,182 — — — 1,182 
Other operating expenses 655 83 55 — 793 
Benefits and other changes in policy reserves— 1,517 — — 1,517 
      Total significant segment expenses3,258 1,744 127 — 5,129 
Other segment items:
Depreciation and amortization71 311 14 — 396 
Provision for title claim losses120 — — — 120 
Market risk benefit losses— 105 — — 105 
Interest expense 81 40 — 121 
     Total other segment items 191 497 54 — 742 
      Total segment expenses3,449 2,241 181 — 5,871 
Earnings (loss) before income taxes and equity in earnings of unconsolidated affiliates538 31 (20)(56)493 
Income tax expense (benefit)135 10 (18)— 127 
Earnings (loss) before equity in earnings of unconsolidated affiliates403 21 (2)(56)366 
Equity in earnings of unconsolidated affiliates10 — — — 10 
Net earnings (loss) from continuing operations$413 $21 $(2)$(56)$376 
Assets$8,022 $91,819 $2,490 $— $102,331 
Goodwill2,800 2,179 293 — 5,272 
As of and for the six months ended June 30, 2024:
 TitleF&GCorporate and OtherEliminationTotal
 (In millions)
Direct title insurance premiums 1,004 — — — 1,004 
Agency title insurance premiums 1,377 — — — 1,377 
Escrow, title related and other fees1,055 1,246 95 — 2,396 
Interest and investment income 170 1,300 77 (54)1,493 
Recognized gains and losses, net(12)195 — 187 
Total segment revenues3,594 2,741 176 (54)6,457 
Significant segment expenses:
Personnel costs1,298 135 73 — 1,506 
Agent commissions1,069 — — — 1,069 
Other operating expenses 596 104 56 — 756 
Benefits and other changes in policy reserves— 1,769 — — 1,769 
      Total significant segment expenses2,963 2,008 129 — 5,100 
Other segment items:
Depreciation and amortization71 270 15 — 356 
Provision for title claim losses107 — — — 107 
Market risk benefit losses— — — 9 
Interest expense 58 38 — 96 
     Total other segment items 178 337 53 — 568 
      Total segment expenses3,141 2,345 182 — 5,668 
Earnings (loss) before income taxes and equity in earnings of unconsolidated affiliates453 396 (6)(54)789 
Income tax expense (benefit)117 76 (14)— 179 
Earnings (loss) before equity in earnings of unconsolidated affiliates336 320 (54)610 
Equity in earnings of unconsolidated affiliates— — — 2 
Net earnings (loss) from continuing operations$338 $320 $$(54)$612 
Assets$8,019 $78,493 $2,312 $— $88,824 
Goodwill2,797 2,017 293 — 5,107 
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 (indexed annuities and fixed rate annuities), immediate annuities and IUL. This segment also provides funding agreements and PRT 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.
Elimination. This segment consists of the elimination of dividends paid from F&G to FNF, which are included in the Corporate and Other segment.