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Segment Information (Tables)
6 Months Ended
Jun. 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 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 three months ended June 30, 2022:

 

(in millions)

 

Revenues

 

 

Income (loss)
before
income taxes

 

 

Depreciation
and
amortization

 

 

Capital
expenditures

 

Title Insurance and Services

 

$

2,053.8

 

 

$

240.7

 

 

$

40.3

 

 

$

73.8

 

Home Warranty

 

 

102.4

 

 

 

8.9

 

 

 

1.1

 

 

 

0.9

 

Corporate and Eliminations

 

 

(93.7

)

 

 

(108.2

)

 

 

0.2

 

 

 

 

 

$

2,062.5

 

 

$

141.4

 

 

$

41.6

 

 

$

74.7

 

 

(in millions)

 

Direct
premiums
and escrow
fees

 

 

Agent
premiums

 

 

Information
and other

 

 

Net
investment
income (losses)

 

 

Net
investment
losses

 

 

Total
Revenues

 

Title Insurance and Services

 

$

792.8

 

 

$

937.2

 

 

$

307.2

 

 

$

69.3

 

 

$

(52.7

)

 

$

2,053.8

 

Home Warranty

 

 

102.1

 

 

 

 

 

 

2.7

 

 

 

1.2

 

 

 

(3.6

)

 

 

102.4

 

Corporate and Eliminations

 

 

1.6

 

 

 

 

 

 

0.2

 

 

 

(18.1

)

 

 

(77.4

)

 

 

(93.7

)

 

$

896.5

 

 

$

937.2

 

 

$

310.1

 

 

$

52.4

 

 

$

(133.7

)

 

$

2,062.5

 

 

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

 

 

For the six months ended June 30, 2022:

 

(in millions)

 

Revenues

 

 

Income (loss)
before
income taxes

 

 

Depreciation
and
amortization

 

 

Capital
expenditures

 

Title Insurance and Services

 

$

4,051.1

 

 

$

460.2

 

 

$

80.0

 

 

$

122.6

 

Home Warranty

 

 

205.8

 

 

 

24.8

 

 

 

2.4

 

 

 

1.7

 

Corporate and Eliminations

 

 

(160.7

)

 

 

(213.8

)

 

 

0.2

 

 

 

 

 

$

4,096.2

 

 

$

271.2

 

 

$

82.6

 

 

$

124.3

 

 

(in millions)

 

Direct
premiums
and escrow
fees

 

 

Agent
premiums

 

 

Information
and other

 

 

Net
investment
income (losses)

 

 

Net
investment
losses

 

 

Total
Revenues

 

Title Insurance and Services

 

$

1,458.7

 

 

$

1,885.0

 

 

$

608.4

 

 

$

122.0

 

 

$

(23.0

)

 

$

4,051.1

 

Home Warranty

 

 

203.2

 

 

 

 

 

 

5.5

 

 

 

2.2

 

 

 

(5.1

)

 

 

205.8

 

Corporate and Eliminations

 

 

8.8

 

 

 

 

 

 

4.3

 

 

 

(25.6

)

 

 

(148.2

)

 

 

(160.7

)

 

$

1,670.7

 

 

$

1,885.0

 

 

$

618.2

 

 

$

98.6

 

 

$

(176.3

)

 

$

4,096.2