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Segment Information (Tables)
6 Months Ended
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