Segment Information (Tables)

6 Months Ended

Jun. 30, 2025

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