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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2024
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 June 30, 2024:
(in millions) |  | Revenues |  |  | Income (loss) before income taxes |  |  | Depreciation and amortization |  |  | Capital expenditures |
Title Insurance and Services |  | $ | 1,521.9 |  |  | $ | 177.4 |  |  | $ | 50.9 |  |  | $ | 58.5 |
Home Warranty |  |  | 106.8 |  |  |  | 16.5 |  |  |  | 1.1 |  |  |  | 1.5 |
Corporate and Eliminations |  |  | (16.4 | ) |  |  | (42.3 | ) |  |  | 0.1 |  |  |  | — |
|  | $ | 1,612.3 |  |  | $ | 151.6 |  |  | $ | 52.1 |  |  | $ | 60.0 |
(in millions) |  | Direct premiums and escrow fees |  |  | Agent premiums |  |  | Information and other |  |  | Net investment income |  |  | Net investment gains (losses) |  |  | Total Revenues |
Title Insurance and Services |  | $ | 533.0 |  |  | $ | 616.3 |  |  | $ | 240.9 |  |  | $ | 125.7 |  |  | $ | 6.0 |  |  | $ | 1,521.9 |
Home Warranty |  |  | 99.6 |  |  |  | — |  |  |  | 5.8 |  |  |  | 1.1 |  |  |  | 0.3 |  |  |  | 106.8 |
Corporate and Eliminations |  |  | 0.1 |  |  |  | — |  |  |  | (0.1 | ) |  |  | 3.1 |  |  |  | (19.5 | ) |  |  | (16.4 | )
|  | $ | 632.7 |  |  | $ | 616.3 |  |  | $ | 246.6 |  |  | $ | 129.9 |  |  | $ | (13.2 | ) |  | $ | 1,612.3 |
For the three months ended June 30, 2023:
(in millions) |  | Revenues |  |  | Income (loss) before income taxes |  |  | Depreciation and amortization |  |  | Capital expenditures |
Title Insurance and Services |  | $ | 1,530.7 |  |  | $ | 185.7 |  |  | $ | 44.8 |  |  | $ | 74.9 |
Home Warranty |  |  | 106.5 |  |  |  | 14.3 |  |  |  | 1.1 |  |  |  | 2.3 |
Corporate and Eliminations |  |  | 9.7 |  |  |  | (21.9 | ) |  |  | 0.2 |  |  |  | — |
|  | $ | 1,646.9 |  |  | $ | 178.1 |  |  | $ | 46.1 |  |  | $ | 77.2 |
(in millions) |  | Direct premiums and escrow fees |  |  | Agent premiums |  |  | Information and other |  |  | Net investment income |  |  | Net investment gains |  |  | Total Revenues |
Title Insurance and Services |  | $ | 516.8 |  |  | $ | 624.7 |  |  | $ | 244.4 |  |  | $ | 141.9 |  |  | $ | 2.9 |  |  | $ | 1,530.7 |
Home Warranty |  |  | 98.5 |  |  |  | — |  |  |  | 5.9 |  |  |  | 1.4 |  |  |  | 0.7 |  |  |  | 106.5 |
Corporate and Eliminations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7.0 |  |  |  | 2.7 |  |  |  | 9.7 |
|  | $ | 615.3 |  |  | $ | 624.7 |  |  | $ | 250.3 |  |  | $ | 150.3 |  |  | $ | 6.3 |  |  | $ | 1,646.9 |
For the six months ended June 30, 2024:
(in millions) |  | Revenues |  |  | Income (loss) before income taxes |  |  | Depreciation and amortization |  |  | Capital expenditures |
Title Insurance and Services |  | $ | 2,841.7 |  |  | $ | 250.1 |  |  | $ | 99.7 |  |  | $ | 118.1 |
Home Warranty |  |  | 212.0 |  |  |  | 36.8 |  |  |  | 2.4 |  |  |  | 3.4 |
Corporate and Eliminations |  |  | (16.8 | ) |  |  | (77.0 | ) |  |  | 0.1 |  |  |  | — |
|  | $ | 3,036.9 |  |  | $ | 209.9 |  |  | $ | 102.2 |  |  | $ | 121.5 |
(in millions) |  | Direct premiums and escrow fees |  |  | Agent premiums |  |  | Information and other |  |  | Net investment income |  |  | Net investment gains (losses) |  |  | Total Revenues |
Title Insurance and Services |  | $ | 936.2 |  |  | $ | 1,180.1 |  |  | $ | 458.1 |  |  | $ | 242.4 |  |  | $ | 24.9 |  |  | $ | 2,841.7 |
Home Warranty |  |  | 197.3 |  |  |  | — |  |  |  | 11.7 |  |  |  | 2.0 |  |  |  | 1.0 |  |  |  | 212.0 |
Corporate and Eliminations |  |  | 0.1 |  |  |  | — |  |  |  | (0.2 | ) |  |  | 13.4 |  |  |  | (30.1 | ) |  |  | (16.8 | )
|  | $ | 1,133.6 |  |  | $ | 1,180.1 |  |  | $ | 469.6 |  |  | $ | 257.8 |  |  | $ | (4.2 | ) |  | $ | 3,036.9 |
For the six months ended June 30, 2023:
(in millions) |  | Revenues |  |  | Income (loss) before income taxes |  |  | Depreciation and amortization |  |  | Capital expenditures |
Title Insurance and Services |  | $ | 2,879.3 |  |  | $ | 273.9 |  |  | $ | 89.0 |  |  | $ | 141.2 |
Home Warranty |  |  | 210.2 |  |  |  | 30.2 |  |  |  | 2.4 |  |  |  | 3.5 |
Corporate and Eliminations |  |  | 3.5 |  |  |  | (66.4 | ) |  |  | 0.2 |  |  |  | — |
|  | $ | 3,093.0 |  |  | $ | 237.7 |  |  | $ | 91.6 |  |  | $ | 144.7 |
(in millions) |  | Direct premiums and escrow fees |  |  | Agent premiums |  |  | Information and other |  |  | Net investment income |  |  | Net investment gains (losses) |  |  | Total Revenues |
Title Insurance and Services |  | $ | 922.4 |  |  | $ | 1,215.1 |  |  | $ | 465.9 |  |  | $ | 266.5 |  |  | $ | 9.4 |  |  | $ | 2,879.3 |
Home Warranty |  |  | 195.1 |  |  |  | — |  |  |  | 11.4 |  |  |  | 2.8 |  |  |  | 0.9 |  |  |  | 210.2 |
Corporate and Eliminations |  |  | — |  |  |  | — |  |  |  | (0.1 | ) |  |  | 15.0 |  |  |  | (11.4 | ) |  |  | 3.5 |
|  | $ | 1,117.5 |  |  | $ | 1,215.1 |  |  | $ | 477.2 |  |  | $ | 284.3 |  |  | $ | (1.1 | ) |  | $ | 3,093.0 |

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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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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