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Segment Financial Information
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segment Financial Information

NOTE 24.    Segment Financial Information:

Selected financial information about the Company’s operations, by segment, for the years ended December 31, 2021, 2020 and 2019, is as follows:

 

Revenues

 

 

Depreciation
and
amortization

 

 

Income (loss)
before
income taxes

 

 

Assets

 

 

Capital
expenditures

 

 

(in millions)

 

2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Title Insurance and Services

$

8,320

 

 

$

152

 

 

$

1,358

 

 

$

15,058

 

 

$

168

 

Specialty Insurance

 

541

 

 

 

6

 

 

 

36

 

 

 

557

 

 

 

4

 

Corporate

 

362

 

 

 

—

 

 

 

248

 

 

 

1,829

 

 

 

—

 

Eliminations

 

(2

)

 

 

—

 

 

 

—

 

 

 

(993

)

 

 

—

 

 

$

9,221

 

 

$

158

 

 

$

1,642

 

 

$

16,451

 

 

$

172

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Title Insurance and Services

$

6,535

 

 

$

141

 

 

$

1,026

 

 

$

11,922

 

 

$

117

 

Specialty Insurance

 

532

 

 

 

8

 

 

 

(25

)

 

 

645

 

 

 

4

 

Corporate

 

21

 

 

 

—

 

 

 

(78

)

 

 

737

 

 

 

—

 

Eliminations

 

(2

)

 

 

—

 

 

 

—

 

 

 

(508

)

 

 

—

 

 

$

7,086

 

 

$

149

 

 

$

923

 

 

$

12,796

 

 

$

121

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Title Insurance and Services

$

5,676

 

 

$

122

 

 

$

912

 

 

$

10,349

 

 

$

101

 

Specialty Insurance

 

506

 

 

 

7

 

 

 

67

 

 

 

640

 

 

 

10

 

Corporate

 

22

 

 

 

—

 

 

 

(74

)

 

 

575

 

 

 

—

 

Eliminations

 

(2

)

 

 

—

 

 

 

—

 

 

 

(45

)

 

 

—

 

 

$

6,202

 

 

$

129

 

 

$

905

 

 

$

11,519

 

 

$

111

 

 

 

 

Direct

premiums

and escrow

fees

 

 

Agent

premiums

 

 

Information

and other

 

 

Net

investment

income

 

 

Net investment

gains (losses)

 

 

Total

Revenues

 

2021

(in millions)

 

Title Insurance and Services

$

3,100

 

 

$

3,757

 

 

$

1,203

 

 

$

188

 

 

$

72

 

 

$

8,320

 

Specialty Insurance

 

498

 

 

 

—

 

 

 

13

 

 

 

7

 

 

 

23

 

 

 

541

 

Corporate

 

—

 

 

 

—

 

 

 

—

 

 

 

21

 

 

 

341

 

 

 

362

 

 

$

3,598

 

 

$

3,757

 

 

$

1,216

 

 

$

216

 

 

$

436

 

 

$

9,223

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Title Insurance and Services

$

2,490

 

 

$

2,759

 

 

$

1,001

 

 

$

199

 

 

$

86

 

 

$

6,535

 

Specialty Insurance

 

498

 

 

 

—

 

 

 

13

 

 

 

9

 

 

 

12

 

 

 

532

 

Corporate

 

—

 

 

 

—

 

 

 

—

 

 

 

14

 

 

 

7

 

 

 

21

 

 

$

2,988

 

 

$

2,759

 

 

$

1,014

 

 

$

222

 

 

$

105

 

 

$

7,088

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Title Insurance and Services

$

2,188

 

 

$

2,373

 

 

$

776

 

 

$

284

 

 

$

55

 

 

$

5,676

 

Specialty Insurance

 

471

 

 

 

—

 

 

 

13

 

 

 

11

 

 

 

11

 

 

 

506

 

Corporate

 

—

 

 

 

—

 

 

 

—

 

 

 

22

 

 

 

—

 

 

 

22

 

 

$

2,659

 

 

$

2,373

 

 

$

789

 

 

$

317

 

 

$

66

 

 

$

6,204

 

The Company’s title insurance and services segment offers title insurance, closing services and similar or related products and services both domestically and internationally. The operations of the Company’s specialty insurance and corporate segments are entirely domestic.  

Domestic and foreign revenues from external customers for the title insurance and services segment are as follows:

 

Year Ended December 31,

 

 

2021

 

 

2020

 

 

2019

 

 

Domestic

 

 

Foreign

 

 

Domestic

 

 

Foreign

 

 

Domestic

 

 

Foreign

 

 

(in millions)

 

Revenues

$

7,872

 

 

$

448

 

 

$

6,193

 

 

$

342

 

 

$

5,375

 

 

$

301

 

Domestic and foreign long-lived assets for the title insurance and services segment are as follows:

 

December 31,

 

 

2021

 

 

2020

 

 

2019

 

 

Domestic

 

 

Foreign

 

 

Domestic

 

 

Foreign

 

 

Domestic

 

 

Foreign

 

 

(in millions)

 

Long-lived assets

$

945

 

 

$

51

 

 

$

957

 

 

$

60

 

 

$

982

 

 

$

66