XML 29 R17.htm IDEA: XBRL DOCUMENT
v3.25.3

Segment Information | 9 Months Ended
--- | ---
Sep. 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 September 30, 2025:
| Title |  | F&G |  | Corporate and Other |  | Elimination |  | Total
| (In millions)
Direct title insurance premiums | 678 |  |  | — |  |  | — |  |  | — |  |  | 678 |
Agency title insurance premiums | 890 |  |  | — |  |  | — |  |  | — |  |  | 890 |
Escrow, title related and other fees | 634 |  |  | 735 |  |  | 60 |  |  | — |  |  | 1,429 |
Interest and investment income | 101 |  |  | 748 |  |  | 37 |  |  | (29) |  |  | 857 |
Recognized gains and losses, net | (38) |  |  | 211 |  |  | 3 |  |  | — |  |  | 176 |
Total segment revenues | 2,265 |  |  | 1,694 |  |  | 100 |  |  | (29) |  |  | 4,030 |
Significant segment expenses: |  |  |  |  |  |  |  |  |
Personnel costs | 766 |  |  | 79 |  |  | 54 |  |  | — |  |  | 899 |
Agent commissions | 690 |  |  | — |  |  | — |  |  | — |  |  | 690 |
Other operating expenses | 341 |  |  | 38 |  |  | 28 |  |  | — |  |  | 407 |
Benefits and other changes in policy reserves | — |  |  | 1,181 |  |  | — |  |  | — |  |  | 1,181 |
Total significant segment expenses | 1,797 |  |  | 1,298 |  |  | 82 |  |  | — |  |  | 3,177 |
Other segment items: |  |  |  |  |  |  |  |  |
Depreciation and amortization | 39 |  |  | 180 |  |  | 8 |  |  | — |  |  | 227 |
Provision for title claim losses | 70 |  |  | — |  |  | — |  |  | — |  |  | 70 |
Market risk benefit gains | — |  |  | 43 |  |  | — |  |  | — |  |  | 43 |
Interest expense | — |  |  | 42 |  |  | 18 |  |  | — |  |  | 60 |
Total other segment items | 109 |  |  | 265 |  |  | 26 |  |  | — |  |  | 400 |
Total segment expenses | 1,906 |  |  | 1,563 |  |  | 108 |  |  | — |  |  | 3,577 |
Earnings (loss) before income taxes and equity in earnings of unconsolidated affiliates | 359 |  |  | 131 |  |  | (8) |  |  | (29) |  |  | 453 |
Income tax expense (benefit) | 90 |  |  | 11 |  |  | (11) |  |  | — |  |  | 90 |
Earnings (loss) before equity in earnings of unconsolidated affiliates | 269 |  |  | 120 |  |  | 3 |  |  | (29) |  |  | 363 |
Equity in earnings of unconsolidated affiliates | 29 |  |  | — |  |  | (3) |  |  | — |  |  | 26 |
Net earnings (loss) from continuing operations | $ | 298 |  |  | $ | 120 |  |  | $ | — |  |  | $ | (29) |  |  | $ | 389 |
Assets | $ | 8,154 |  |  | $ | 96,142 |  |  | $ | 2,340 |  |  | $ | — |  |  | $ | 106,636 |
Goodwill | 2,799 |  |  | 2,180 |  |  | 293 |  |  | — |  |  | 5,272 |
As of and for the three months ended September 30, 2024:
| Title |  | F&G |  | Corporate and Other |  | Elimination |  | Total
| (In millions)
Direct title insurance premiums | 571 |  |  | — |  |  | — |  |  | — |  |  | 571 |
Agency title insurance premiums | 789 |  |  | — |  |  | — |  |  | — |  |  | 789 |
Escrow, title related and other fees | 581 |  |  | 526 |  |  | 52 |  |  | — |  |  | 1,159 |
Interest and investment income | 92 |  |  | 712 |  |  | 37 |  |  | (26) |  |  | 815 |
Recognized gains and losses, net | 63 |  |  | 206 |  |  | — |  |  | — |  |  | 269 |
Total segment revenues | 2,096 |  |  | 1,444 |  |  | 89 |  |  | (26) |  |  | 3,603 |
Significant segment expenses: |  |  |  |  |  |  |  |  |
Personnel costs | 688 |  |  | 80 |  |  | 42 |  |  | — |  |  | 810 |
Agent commissions | 612 |  |  | — |  |  | — |  |  | — |  |  | 612 |
Other operating expenses | 328 |  |  | 45 |  |  | 23 |  |  | — |  |  | 396 |
Benefits and other changes in policy reserves | — |  |  | 1,095 |  |  | — |  |  | — |  |  | 1,095 |
Total significant segment expenses | 1,628 |  |  | 1,220 |  |  | 65 |  |  | — |  |  | 2,913 |
Other segment items: |  |  |  |  |  |  |  |  |
Depreciation and amortization | 35 |  |  | 147 |  |  | 7 |  |  | — |  |  | 189 |
Provision for title claim losses | 61 |  |  | — |  |  | — |  |  | — |  |  | 61 |
Market risk benefit losses | — |  |  | 71 |  |  | — |  |  | — |  |  | 71 |
Interest expense | — |  |  | 36 |  |  | 20 |  |  | — |  |  | 56 |
Total other segment items | 96 |  |  | 254 |  |  | 27 |  |  | — |  |  | 377 |
Total segment expenses | 1,724 |  |  | 1,474 |  |  | 92 |  |  | — |  |  | 3,290 |
Earnings (loss) before income taxes and equity in earnings of unconsolidated affiliates | 372 |  |  | (30) |  |  | (3) |  |  | (26) |  |  | 313 |
Income tax expense (benefit) | 73 |  |  | (25) |  |  | (4) |  |  | — |  |  | 44 |
Earnings (loss) before equity in earnings of unconsolidated affiliates | 299 |  |  | (5) |  |  | 1 |  |  | (26) |  |  | 269 |
Equity in earnings of unconsolidated affiliates | 2 |  |  | — |  |  | — |  |  | — |  |  | 2 |
Net earnings (loss) from continuing operations | $ | 301 |  |  | $ | (5) |  |  | $ | 1 |  |  | $ | (26) |  |  | $ | 271 |
Assets | $ | 8,046 |  |  | $ | 84,110 |  |  | $ | 2,516 |  |  | $ | — |  |  | $ | 94,672 |
Goodwill | 2,800 |  |  | 2,179 |  |  | 293 |  |  | — |  |  | 5,272 |
As of and for the nine months ended September 30, 2025:
| Title |  | F&G |  | Corporate and Other |  | Elimination |  | Total
| (In millions)
Direct title insurance premiums | 1,820 |  |  | — |  |  | — |  |  | — |  |  | 1,820 |
Agency title insurance premiums | 2,410 |  |  | — |  |  | — |  |  | — |  |  | 2,410 |
Escrow, title related and other fees | 1,772 |  |  | 1,871 |  |  | 140 |  |  | — |  |  | 3,783 |
Interest and investment income | 270 |  |  | 2,096 |  |  | 113 |  |  | (85) |  |  | 2,394 |
Recognized gains and losses, net | (20) |  |  | (1) |  |  | 8 |  |  | — |  |  | (13) |
Total segment revenues | 6,252 |  |  | 3,966 |  |  | 261 |  |  | (85) |  |  | 10,394 |
Significant segment expenses: |  |  |  |  |  |  |  |  |
Personnel costs | 2,187 |  |  | 223 |  |  | 126 |  |  | — |  |  | 2,536 |
Agent commissions | 1,872 |  |  | — |  |  | — |  |  | — |  |  | 1,872 |
Other operating expenses | 996 |  |  | 121 |  |  | 83 |  |  | — |  |  | 1,200 |
Benefits and other changes in policy reserves | — |  |  | 2,698 |  |  | — |  |  | — |  |  | 2,698 |
Total significant segment expenses | 5,055 |  |  | 3,042 |  |  | 209 |  |  | — |  |  | 8,306 |
Other segment items: |  |  |  |  |  |  |  |  |
Depreciation and amortization | 110 |  |  | 491 |  |  | 22 |  |  | — |  |  | 623 |
Provision for title claim losses | 190 |  |  | — |  |  | — |  |  | — |  |  | 190 |
Market risk benefit losses | — |  |  | 148 |  |  | — |  |  | — |  |  | 148 |
Interest expense | — |  |  | 123 |  |  | 58 |  |  | — |  |  | 181 |
Total other segment items | 300 |  |  | 762 |  |  | 80 |  |  | — |  |  | 1,142 |
Total segment expenses | 5,355 |  |  | 3,804 |  |  | 289 |  |  | — |  |  | 9,448 |
Earnings (loss) before income taxes and equity in earnings of unconsolidated affiliates | 897 |  |  | 162 |  |  | (28) |  |  | (85) |  |  | 946 |
Income tax expense (benefit) | 225 |  |  | 21 |  |  | (29) |  |  | — |  |  | 217 |
Earnings (loss) before equity in earnings of unconsolidated affiliates | 672 |  |  | 141 |  |  | 1 |  |  | (85) |  |  | 729 |
Equity in earnings of unconsolidated affiliates | 39 |  |  | — |  |  | (3) |  |  | — |  |  | 36 |
Net earnings (loss) from continuing operations | $ | 711 |  |  | $ | 141 |  |  | $ | (2) |  |  | $ | (85) |  |  | $ | 765 |
Assets | $ | 8,154 |  |  | $ | 96,142 |  |  | $ | 2,340 |  |  | $ | — |  |  | $ | 106,636 |
Goodwill | 2,799 |  |  | 2,180 |  |  | 293 |  |  | — |  |  | 5,272 |
As of and for the nine months ended September 30, 2024:
| Title |  | F&G |  | Corporate and Other |  | Elimination |  | Total
| (In millions)
Direct title insurance premiums | 1,575 |  |  | — |  |  | — |  |  | — |  |  | 1,575 |
Agency title insurance premiums | 2,166 |  |  | — |  |  | — |  |  | — |  |  | 2,166 |
Escrow, title related and other fees | 1,636 |  |  | 1,772 |  |  | 147 |  |  | — |  |  | 3,555 |
Interest and investment income | 262 |  |  | 2,012 |  |  | 114 |  |  | (80) |  |  | 2,308 |
Recognized gains and losses, net | 51 |  |  | 401 |  |  | 4 |  |  | — |  |  | 456 |
Total segment revenues | 5,690 |  |  | 4,185 |  |  | 265 |  |  | (80) |  |  | 10,060 |
Significant segment expenses: |  |  |  |  |  |  |  |  |
Personnel costs | 1,986 |  |  | 215 |  |  | 115 |  |  | — |  |  | 2,316 |
Agent commissions | 1,681 |  |  | — |  |  | — |  |  | — |  |  | 1,681 |
Other operating expenses | 924 |  |  | 149 |  |  | 79 |  |  | — |  |  | 1,152 |
Benefits and other changes in policy reserves | — |  |  | 2,864 |  |  | — |  |  | — |  |  | 2,864 |
Total significant segment expenses | 4,591 |  |  | 3,228 |  |  | 194 |  |  | — |  |  | 8,013 |
Other segment items: |  |  |  |  |  |  |  |  |
Depreciation and amortization | 106 |  |  | 417 |  |  | 22 |  |  | — |  |  | 545 |
Provision for title claim losses | 168 |  |  | — |  |  | — |  |  | — |  |  | 168 |
Market risk benefit losses | — |  |  | 80 |  |  | — |  |  | — |  |  | 80 |
Interest expense | — |  |  | 94 |  |  | 58 |  |  | — |  |  | 152 |
Total other segment items | 274 |  |  | 591 |  |  | 80 |  |  | — |  |  | 945 |
Total segment expenses | 4,865 |  |  | 3,819 |  |  | 274 |  |  | — |  |  | 8,958 |
Earnings (loss) before income taxes and equity in earnings of unconsolidated affiliates | 825 |  |  | 366 |  |  | (9) |  |  | (80) |  |  | 1,102 |
Income tax expense (benefit) | 190 |  |  | 51 |  |  | (18) |  |  | — |  |  | 223 |
Earnings (loss) before equity in earnings of unconsolidated affiliates | 635 |  |  | 315 |  |  | 9 |  |  | (80) |  |  | 879 |
Equity in earnings of unconsolidated affiliates | 4 |  |  | — |  |  | — |  |  | — |  |  | 4 |
Net earnings (loss) from continuing operations | $ | 639 |  |  | $ | 315 |  |  | $ | 9 |  |  | $ | (80) |  |  | $ | 883 |
Assets | $ | 8,046 |  |  | $ | 84,110 |  |  | $ | 2,516 |  |  | $ | — |  |  | $ | 94,672 |
Goodwill | 2,800 |  |  | 2,179 |  |  | 293 |  |  | — |  |  | 5,272 |
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.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 12: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 13: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 14: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 15: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 16: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration