Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Summarized financial information concerning our reportable segments is shown in the following tables. On June 1, 2020, we completed our acquisition of F&G. As a result we have a new segment as of and for the three and six month periods ended June 30, 2020, F&G, which contains our fixed annuity and life insurance businesses.

As of and for the three months ended June 30, 2020:


	Title		F&G		Corporate and Other		Total
	(In millions)
Title premiums	$	1,359	$	—			$	1,359
Other revenues	655		20		72		747
Revenues from external customers	2,014		20		72		2,106
Interest and investment income, including realized gains and losses	210		104		—		314
Total revenues	2,224		124		72		2,420
Depreciation and amortization	37		3		6		46
Interest expense	1		3		17		21
Earnings (loss) before income taxes and equity in earnings (loss) of unconsolidated affiliates	528		(58)		(69)		401
Income tax expense (benefit)	130		(14)		(27)		89
Earnings (loss) before equity in earnings (loss) of unconsolidated affiliates	398		(44)		(42)		312
Equity in earnings (loss) of unconsolidated affiliates	2		—		(1)		1
Net earnings (loss)	$	400	$	(44)	$	(43)	$	313
Assets	$	8,875	$	38,311	$	815	$	48,001
Goodwill	2,462		1,725		265		4,452

As of and for the three months ended June 30, 2019:


	Title		Corporate and Other		Total
	(In millions)
Title premiums	$	1,379	$	—	$	1,379
Other revenues	613		52		665
Revenues from external customers	1,992		52		2,044
Interest and investment income, including realized gains and losses	100		—		100
Total revenues	2,092		52		2,144
Depreciation and amortization	38		6		44
Interest expense	—		12		12
Earnings (loss) before income taxes and equity in earnings of unconsolidated affiliates	387		(34)		353
Income tax expense (benefit)	95		(9)		86
Earnings (loss) before equity in earnings of unconsolidated affiliates	292		(25)		267
Equity in earnings of unconsolidated affiliates	3		—		3
Net earnings (loss)	$	295	$	(25)	$	270
Assets	$	9,040	$	1,149	$	10,189
Goodwill	2,461		264		2,725

As of and for the six months ended June 30, 2020:


	Title		F&G		Corporate and Other		Total
	(In millions)
Title premiums	$	2,637	$	—	$	—	$	2,637
Other revenues	1,265		20		63		1,348
Revenues from external customers	3,902		20		63		3,985
Interest and investment income, including realized gains and losses	(55)		104		(2)		47
Total revenues	3,847		124		61		4,032
Depreciation and amortization	74		3		12		89
Interest expense	1		3		29		33
Earnings (loss) before income taxes and equity in earnings (loss) of unconsolidated affiliates	475		(58)		(102)		315
Income tax expense (benefit)	111		(14)		(36)		61
Earnings (loss) before equity in earnings (loss) of unconsolidated affiliates	364		(44)		(66)		254
Equity in earnings (loss) of unconsolidated affiliates	3		—		(1)		2
Net earnings (loss)	$	367	$	(44)	$	(67)	$	256
Assets	$	8,875	$	38,311	$	815	$	48,001
Goodwill	2,462		1,725		265		4,452

As of and for the six months ended June 30, 2019:


	Title		Corporate and Other		Total
	(In millions)
Title premiums	$	2,371	$	—	$	2,371
Other revenues	1,094		105		1,199
Revenues from external customers	3,465		105		3,570
Interest and investment income, including realized gains and losses	290		6		296
Total revenues	3,755		111		3,866
Depreciation and amortization	77		11		88
Interest expense	—		24		24
Earnings (loss) before income taxes and equity in earnings of unconsolidated affiliates	679		(62)		617
Income tax expense (benefit)	166		(15)		151
Earnings (loss) before equity in earnings of unconsolidated affiliates	513		(47)		466
Equity in earnings of unconsolidated affiliates	10		—		10
Net earnings (loss)	$	523	$	(47)	$	476
Assets	$	9,040	$	1,149	$	10,189
Goodwill	2,461		264		2,725