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Business Combinations
12 Months Ended
Dec. 31, 2022
Business Combinations [Abstract]  
Business Combinations

NOTE 22. Business Combinations:

During the year ended December 31, 2022, the Company completed acquisitions for an aggregate purchase price of $311 million in cash. These acquisitions have been included in the Company’s title insurance and services segment.

In May 2022, the Company acquired a California-based provider of title insurance, underwriting and escrow services for residential and commercial real estate transactions for a purchase price of $300 million in cash. In connection with the purchase, the Company recorded fair value estimates for goodwill, other intangible assets and title plants of $203 million, $34 million and $29 million, respectively. The Company recognized revenues of $110 million and pre-tax income of $12 million since the acquisition date, related to the acquiree, during the year ended December 31, 2022.