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Segments
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segments

Note 10. Segments

We operate as one operating and reportable segment. The majority of our revenue is generated from home warranty contracts entered into with our customers. The accounting policies applied to our one operating and reportable segment are described in Note 2 to the audited consolidated financial statements included in our 2025 Form 10-K.

Our chief operating decision maker (“CODM”), who is our Chief Executive Officer, regularly evaluates financial information, primarily revenue, net income and other measures, on a consolidated basis in deciding how to allocate resources and in assessing performance. Additionally, consolidated revenue is one key component of our incentive compensation program.

Information for our one operating and reportable segment is as follows:

 

 

 

Three Months Ended

 

 

 

 

March 31,

 

 

(In millions)

 

2026

 

 

2025

 

 

Revenue

 

$

 

451

 

 

$

 

426

 

 

Cost of services rendered

 

 

 

203

 

 

 

 

191

 

 

Sales and marketing costs

 

 

 

71

 

 

 

 

65

 

 

Customer service costs

 

 

 

30

 

 

 

 

28

 

 

General and administrative costs

 

 

 

61

 

 

 

 

58

 

 

Other segment items (1)

 

 

 

44

 

 

 

 

47

 

 

Net Income

 

$

 

41

 

 

$

 

37

 

 

(1)
Other segment items include depreciation and amortization expense, restructuring charges, interest expense, interest and net investment income, and provision for income taxes.

 

 

 

As of

 

 

 

March 31,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Total Assets

 

$

 

2,164

 

 

$

 

2,142