Segment Information (Tables)

9 Months Ended

Sep. 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 nine month periods ended September 30, 2020, F&G, which contains our fixed annuity and life insurance businesses.

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


	Title		F&G		Corporate and Other		Total
	(In millions)
Title premiums	$	1,714	$	—	$	—	$	1,714
Other revenues	742		60		51		853
Revenues from external customers	2,456		60		51		2,567
Interest and investment income, including recognized gains and losses	28		382		(1)		409
Total revenues	2,484		442		50		2,976
Depreciation and amortization	39		56		5		100
Interest expense	—		7		22		29
Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of unconsolidated affiliates	507		72		(40)		539
Income tax expense (benefit)	129		6		(2)		133
Earnings (loss) before equity in earnings (loss) of unconsolidated affiliates	378		66		(38)		406
Equity in earnings (loss) of unconsolidated affiliates	5		—		2		7
Net earnings (loss) from continuing operations	$	383	$	66	$	(36)	$	413
Assets	$	9,107	$	39,716	$	1,062	$	49,885
Goodwill	2,461		1,731		266		4,458

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


	Title		Corporate and Other		Total
	(In millions)
Title premiums	$	1,487	$	—	$	1,487
Other revenues	653		40		693
Revenues from external customers	2,140		40		2,180
Interest and investment income, including recognized gains and losses	54		7		61
Total revenues	2,194		47		2,241
Depreciation and amortization	38		6		44
Interest expense	—		12		12
Earnings (loss) before income taxes and equity in earnings of unconsolidated affiliates	389		(76)		313
Income tax expense (benefit)	94		(35)		59
Earnings (loss) before equity in earnings of unconsolidated affiliates	295		(41)		254
Equity in earnings of unconsolidated affiliates	1		1		2
Net earnings (loss)	$	296	$	(40)	$	256
Assets	$	9,305	$	1,114	$	10,419
Goodwill	2,461		265		2,726

As of and for the nine months ended September 30, 2020:


	Title		F&G		Corporate and Other		Total
	(In millions)
Title premiums	$	4,351	$	—	$	—	$	4,351
Other revenues	2,007		80		114		2,201
Revenues from external customers	6,358		80		114		6,552
Interest and investment income, including recognized gains and losses	(27)		486		(3)		456
Total revenues	6,331		566		111		7,008
Depreciation and amortization	113		59		17		189
Interest expense	1		10		51		62
Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of unconsolidated affiliates	982		14		(142)		854
Income tax expense (benefit)	240		(8)		(38)		194
Earnings (loss) before equity in earnings (loss) of unconsolidated affiliates	742		22		(104)		660
Equity in earnings (loss) of unconsolidated affiliates	8		—		1		9
Net earnings (loss) from continuing operations	$	750	$	22	$	(103)	$	669
Assets	$	9,107	$	39,716	$	1,062	$	49,885
Goodwill	2,461		1,731		266		4,458

As of and for the nine months ended September 30, 2019:


	Title		Corporate and Other		Total
	(In millions)
Title premiums	$	3,858	$	—	$	3,858
Other revenues	1,747		145		1,892
Revenues from external customers	5,605		145		5,750
Interest and investment income, including recognized gains and losses	344		13		357
Total revenues	5,949		158		6,107
Depreciation and amortization	115		17		132
Interest expense	—		36		36
Earnings (loss) before income taxes and equity in earnings of unconsolidated affiliates	1,068		(138)		930
Income tax expense (benefit)	260		(50)		210
Earnings (loss) before equity in earnings of unconsolidated affiliates	808		(88)		720
Equity in earnings of unconsolidated affiliates	11		1		12
Net earnings (loss)	$	819	$	(87)	$	732
Assets	$	9,305	$	1,114	$	10,419
Goodwill	2,461		265		2,726