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Segment Financial Information | 12 Months Ended
--- | ---
Dec. 31, 2022
Segment Reporting [Abstract] |
Segment Financial Information | NOTE 23. Segment Financial Information: Selected financial information about the Company’s operations, by segment, for the years ended December 31, 2022, 2021 and 2020, is as follows:
|  | Revenues |  |  | Depreciation and amortization |  |  | Income (loss) before income taxes |  |  | Assets |  |  | Capital expenditures |
|  | (in millions) |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Title Insurance and Services |  | $ | 7,547 |  |  | $ | 162 |  |  | $ | 758 |  |  | $ | 13,911 |  |  | $ | 271 |
Specialty Insurance |  |  | 437 |  |  |  | 5 |  |  |  | 27 |  |  |  | 461 |  |  |  | 4 |
Corporate and Eliminations |  |  | (379 | ) |  |  | — |  |  |  | (459 | ) |  |  | 583 |  |  |  | — |
|  | $ | 7,605 |  |  | $ | 167 |  |  | $ | 326 |  |  | $ | 14,955 |  |  | $ | 275 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Title Insurance and Services |  | $ | 8,320 |  |  | $ | 152 |  |  | $ | 1,358 |  |  | $ | 15,058 |  |  | $ | 168 |
Specialty Insurance |  |  | 541 |  |  |  | 6 |  |  |  | 36 |  |  |  | 557 |  |  |  | 4 |
Corporate and Eliminations |  |  | 360 |  |  |  | — |  |  |  | 248 |  |  |  | 836 |  |  |  | — |
|  | $ | 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 and Eliminations |  |  | 19 |  |  |  | — |  |  |  | (78 | ) |  |  | 229 |  |  |  | — |
|  | $ | 7,086 |  |  | $ | 149 |  |  | $ | 923 |  |  | $ | 12,796 |  |  | $ | 121 |
|  | Direct premiums and escrow fees |  |  | Agent premiums |  |  | Information and other |  |  | Net investment income |  |  | Net investment gains (losses) |  |  | Total Revenues |
|  | (in millions) |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Title Insurance and Services |  | $ | 2,663 |  |  | $ | 3,548 |  |  | $ | 1,127 |  |  | $ | 359 |  |  | $ | (150 | ) |  | $ | 7,547 |
Specialty Insurance |  |  | 422 |  |  |  | — |  |  |  | 22 |  |  |  | 6 |  |  |  | (13 | ) |  |  | 437 |
Corporate and Eliminations |  |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | (25 | ) |  |  | (353 | ) |  |  | (379 | )
|  | $ | 3,085 |  |  | $ | 3,548 |  |  | $ | 1,148 |  |  | $ | 340 |  |  | $ | (516 | ) |  | $ | 7,605 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Title Insurance and Services |  | $ | 3,100 |  |  | $ | 3,757 |  |  | $ | 1,203 |  |  | $ | 188 |  |  | $ | 72 |  |  | $ | 8,320 |
Specialty Insurance |  |  | 498 |  |  |  | — |  |  |  | 13 |  |  |  | 7 |  |  |  | 23 |  |  |  | 541 |
Corporate and Eliminations |  |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | 20 |  |  |  | 341 |  |  |  | 360 |
|  | $ | 3,598 |  |  | $ | 3,757 |  |  | $ | 1,215 |  |  | $ | 215 |  |  | $ | 436 |  |  | $ | 9,221 |
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Title Insurance and Services |  | $ | 2,490 |  |  | $ | 2,759 |  |  | $ | 1,001 |  |  | $ | 199 |  |  | $ | 86 |  |  | $ | 6,535 |
Specialty Insurance |  |  | 498 |  |  |  | — |  |  |  | 13 |  |  |  | 9 |  |  |  | 12 |  |  |  | 532 |
Corporate and Eliminations |  |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | 13 |  |  |  | 7 |  |  |  | 19 |
|  | $ | 2,988 |  |  | $ | 2,759 |  |  | $ | 1,013 |  |  | $ | 221 |  |  | $ | 105 |  |  | $ | 7,086 |
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, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | Domestic |  |  | Foreign |  |  | Domestic |  |  | Foreign |  |  | Domestic |  |  | Foreign |
|  | (in millions) |
Revenues |  | $ | 7,131 |  |  | $ | 416 |  |  | $ | 7,872 |  |  | $ | 448 |  |  | $ | 6,193 |  |  | $ | 342 |
Domestic and foreign long-lived assets for the title insurance and services segment are as follows:
|  | December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | Domestic |  |  | Foreign |  |  | Domestic |  |  | Foreign |  |  | Domestic |  |  | Foreign |
|  | (in millions) |
Long-lived assets |  | $ | 1,001 |  |  | $ | 51 |  |  | $ | 945 |  |  | $ | 51 |  |  | $ | 957 |  |  | $ | 60 |

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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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