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Segment Information (Tables)
 9 Months Ended
Sep. 30, 2023
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, 2023:

 

(in millions)

 

Revenues

 

 

Income (loss)
before
income taxes

 

 

Depreciation
and
amortization

 

 

Capital
expenditures

 

Title Insurance and Services

 

$

1,524.4

 

 

$

160.3

 

 

$

46.2

 

 

$

69.5

 

Home Warranty

 

 

108.2

 

 

 

9.4

 

 

 

1.2

 

 

 

2.1

 

Corporate and Eliminations

 

 

(151.4

)

 

 

(171.4

)

 

 

(0.1

)

 

 

—

 

 

$

1,481.2

 

 

$

(1.7

)

 

$

47.3

 

 

$

71.6

 

 

(in millions)

 

Direct
premiums
and escrow
fees

 

 

Agent
premiums

 

 

Information
and other

 

 

Net
investment
income (loss)

 

 

Net
investment
losses

 

 

Total
Revenues

 

Title Insurance and Services

 

$

493.7

 

 

$

664.5

 

 

$

240.1

 

 

$

141.7

 

 

$

(15.6

)

 

$

1,524.4

 

Home Warranty

 

 

101.8

 

 

 

—

 

 

 

5.5

 

 

 

1.6

 

 

 

(0.7

)

 

 

108.2

 

Corporate and Eliminations

 

 

—

 

 

 

—

 

 

 

0.1

 

 

 

(4.2

)

 

 

(147.3

)

 

 

(151.4

)

 

$

595.5

 

 

$

664.5

 

 

$

245.7

 

 

$

139.1

 

 

$

(163.6

)

 

$

1,481.2

 

 

For the three months ended September 30, 2022:

 

(in millions)

 

Revenues

 

 

Income (loss)
before
income taxes

 

 

Depreciation
and
amortization

 

 

Capital
expenditures

 

Title Insurance and Services

 

$

1,883.0

 

 

$

184.6

 

 

$

40.2

 

 

$

69.0

 

Home Warranty

 

 

104.9

 

 

 

4.2

 

 

 

1.4

 

 

 

0.9

 

Corporate and Eliminations

 

 

(163.6

)

 

 

(192.0

)

 

 

(0.2

)

 

 

—

 

 

$

1,824.3

 

 

$

(3.2

)

 

$

41.4

 

 

$

69.9

 

 

(in millions)

 

Direct
premiums
and escrow
fees

 

 

Agent
premiums

 

 

Information
and other

 

 

Net
investment
income (loss)

 

 

Net
investment
losses

 

 

Total
Revenues

 

Title Insurance and Services

 

$

655.7

 

 

$

909.7

 

 

$

279.4

 

 

$

105.2

 

 

$

(67.0

)

 

$

1,883.0

 

Home Warranty

 

 

102.2

 

 

 

—

 

 

 

2.9

 

 

 

1.4

 

 

 

(1.6

)

 

 

104.9

 

Corporate and Eliminations

 

 

(0.1

)

 

 

—

 

 

 

—

 

 

 

(6.0

)

 

 

(157.5

)

 

 

(163.6

)

 

$

757.8

 

 

$

909.7

 

 

$

282.3

 

 

$

100.6

 

 

$

(226.1

)

 

$

1,824.3

 

 

 

 

For the nine months ended September 30, 2023:

 

(in millions)

 

Revenues

 

 

Income (loss)
before
income taxes

 

 

Depreciation
and
amortization

 

 

Capital
expenditures

 

Title Insurance and Services

 

$

4,403.7

 

 

$

434.2

 

 

$

135.2

 

 

$

210.7

 

Home Warranty

 

 

318.4

 

 

 

39.6

 

 

 

3.6

 

 

 

5.6

 

Corporate and Eliminations

 

 

(147.9

)

 

 

(237.8

)

 

 

0.1

 

 

 

—

 

 

$

4,574.2

 

 

$

236.0

 

 

$

138.9

 

 

$

216.3

 

 

(in millions)

 

Direct
premiums
and escrow
fees

 

 

Agent
premiums

 

 

Information
and other

 

 

Net
investment
income

 

 

Net
investment
(losses) gains

 

 

Total
Revenues

 

Title Insurance and Services

 

$

1,416.1

 

 

$

1,879.6

 

 

$

706.0

 

 

$

408.2

 

 

$

(6.2

)

 

$

4,403.7

 

Home Warranty

 

 

296.9

 

 

 

—

 

 

 

16.9

 

 

 

4.4

 

 

 

0.2

 

 

 

318.4

 

Corporate and Eliminations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

10.8

 

 

 

(158.7

)

 

 

(147.9

)

 

$

1,713.0

 

 

$

1,879.6

 

 

$

722.9

 

 

$

423.4

 

 

$

(164.7

)

 

$

4,574.2

 

 

For the nine months ended September 30, 2022:

 

(in millions)

 

Revenues

 

 

Income (loss)
before
income taxes

 

 

Depreciation
and
amortization

 

 

Capital
expenditures

 

Title Insurance and Services

 

$

5,934.1

 

 

$

644.8

 

 

$

120.2

 

 

$

191.6

 

Home Warranty

 

 

310.7

 

 

 

29.0

 

 

 

3.8

 

 

 

2.6

 

Corporate and Eliminations

 

 

(324.3

)

 

 

(405.8

)

 

 

—

 

 

 

—

 

 

$

5,920.5

 

 

$

268.0

 

 

$

124.0

 

 

$

194.2

 

 

(in millions)

 

Direct
premiums
and escrow
fees

 

 

Agent
premiums

 

 

Information
and other

 

 

Net
investment
income (loss)

 

 

Net
investment
losses

 

 

Total
Revenues

 

Title Insurance and Services

 

$

2,114.4

 

 

$

2,794.7

 

 

$

887.8

 

 

$

227.2

 

 

$

(90.0

)

 

$

5,934.1

 

Home Warranty

 

 

305.4

 

 

 

—

 

 

 

8.4

 

 

 

3.6

 

 

 

(6.7

)

 

 

310.7

 

Corporate and Eliminations

 

 

8.7

 

 

 

—

 

 

 

4.3

 

 

 

(31.6

)

 

 

(305.7

)

 

 

(324.3

)

 

$

2,428.5

 

 

$

2,794.7

 

 

$

900.5

 

 

$

199.2

 

 

$

(402.4

)

 

$

5,920.5