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Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Schedule of Selected Financial Information

Selected financial information about the Company’s operations, by segment, is as follows:

For the three months ended September 30, 2021:

(in thousands)		Revenues				Income (loss) before income taxes				Depreciation and amortization				Capital expenditures
Title Insurance and Services		$	2,146,779			$	352,366			$	37,792			$	44,570
Specialty Insurance			132,226				(1,887	)			1,410				965
Corporate			277,374				252,695				36				—
Eliminations			(451	)			—				—				—
		$	2,555,928			$	603,174			$	39,238			$	45,535

(in thousands)		Direct premiums and escrow fees				Agent premiums				Information and other				Net investment income				Net realized investment gains (losses)				Total Revenues
Title Insurance and Services		$	794,215			$	998,534			$	307,616			$	49,827			$	(3,413	)		$	2,146,779
Specialty Insurance			127,121				—				2,789				1,682				634				132,226
		$	921,336			$	998,534			$	310,405			$	51,509			$	(2,779	)		$	2,279,005

For the three months ended September 30, 2020:

(in thousands)		Revenues				Income (loss) before income taxes				Depreciation and amortization				Capital expenditures
Title Insurance and Services		$	1,771,993			$	337,480			$	36,194			$	33,034
Specialty Insurance			136,332				(72,129	)			1,995				2,114
Corporate			6,055				(21,980	)			38				—
Eliminations			(659	)			—				—				—
		$	1,913,721			$	243,371			$	38,227			$	35,148

(in thousands)		Direct premiums and escrow fees				Agent premiums				Information and other				Net investment income				Net realized investment gains (losses)				Total Revenues
Title Insurance and Services		$	680,910			$	722,434			$	282,671			$	44,726			$	41,252			$	1,771,993
Specialty Insurance			127,037				—				3,450				2,105				3,740				136,332
		$	807,947			$	722,434			$	286,121			$	46,831			$	44,992			$	1,908,325

For the nine months ended September 30, 2021:

(in thousands)		Revenues				Income (loss) before income taxes				Depreciation and amortization				Capital expenditures
Title Insurance and Services		$	6,054,309			$	990,585			$	113,976			$	111,638
Specialty Insurance			420,335				24,106				4,392				2,484
Corporate			375,185				293,921				107				—
Eliminations			(1,781	)			—				—				—
		$	6,848,048			$	1,308,612			$	118,475			$	114,122

(in thousands)		Direct premiums and escrow fees				Agent premiums				Information and other				Net investment income				Net realized investment gains (losses)				Total Revenues
Title Insurance and Services		$	2,238,956			$	2,748,723			$	881,262			$	139,963			$	45,405			$	6,054,309
Specialty Insurance			385,506				—				9,994				5,432				19,403				420,335
		$	2,624,462			$	2,748,723			$	891,256			$	145,395			$	64,808			$	6,474,644

For the nine months ended September 30, 2020:

(in thousands)		Revenues				Income (loss) before income taxes				Depreciation and amortization				Capital expenditures
Title Insurance and Services		$	4,535,558			$	648,261			$	104,705			$	86,456
Specialty Insurance			391,818				(51,954	)			5,832				8,015
Corporate			9,260				(55,317	)			115				—
Eliminations			(1,243	)			—				—				—
		$	4,935,393			$	540,990			$	110,652			$	94,471

(in thousands)		Direct premiums and escrow fees				Agent premiums				Information and other				Net investment income				Net realized investment gains (losses)				Total Revenues
Title Insurance and Services		$	1,712,946			$	1,920,011			$	719,196			$	147,628			$	35,777			$	4,535,558
Specialty Insurance			367,622				—				9,992				7,005				7,199				391,818
		$	2,080,568			$	1,920,011			$	729,188			$	154,633			$	42,976			$	4,927,376

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

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