Segments

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Segments

Note 13. Segments

We operate as one operating and reportable segment, primarily under the American Home Shield brand. 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.

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:

	Year Ended December 31,
(In millions)	2024		2023		2022
Revenue	$	1,843	$	1,780	$	1,662
Cost of services rendered		852		895		952
Sales and marketing costs		307		299		253
Customer service costs		104		106		112
General and administrative costs		201		176		157
Other segment items (1)		145		133		117
Net Income	$	235	$	171	$	71
Total Assets	$	2,107	$	1,089	$	1,082

(1)Other segment items include depreciation and amortization expense, goodwill and intangible impairment, restructuring charges, interest expense, interest and net investment income, loss on extinguishment of debt and provision for income taxes.