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Segment Information
 3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Segment Information Segment Information

We have organized into two reportable segments: PIRM and UWS.

Property Intelligence & Risk Management Solutions. Our PIRM segment combines property information, mortgage information, and consumer information to deliver unique housing market and property-level insights, predictive analytics and risk management capabilities. We have also developed proprietary technology and software platforms to access, automate, and track this information and assist our clients with decision-making and compliance tools in the real estate industry, insurance industry, and the single and multifamily industry. We deliver this information directly to our clients in a standard format over the web, through hosted software platforms, or in bulk data form. Our PIRM solutions include property insights and insurance and spatial solutions in North America, Western Europe, and Asia Pacific. The segment's primary clients are commercial banks, mortgage lenders and brokers, investment banks, fixed-income investors, real estate agents, MLS companies, property and casualty insurance companies, title insurance companies, government agencies, and government-sponsored enterprises.

The operating results of our PIRM segment included intercompany revenues of $4.0 million and $1.8 million for the three months ended March 31, 2020 and 2019, respectively. The segment also included intercompany expenses of $0.8 million for both the three months ended March 31, 2020 and 2019.

Underwriting & Workflow Solutions. Our UWS segment combines property, mortgage, and consumer information to provide comprehensive mortgage origination and monitoring solutions, including, underwriting-related solutions, and data-enabled valuations and appraisals. We have also developed proprietary technology and software platforms to access, automate, and track this information, and assist our clients with vetting and onboarding prospects, meeting compliance regulations and understanding, evaluating, and monitoring property values. Our UWS solutions include property tax solutions, valuation
solutions, credit solutions, and flood data solutions in North America. The segment’s primary clients are large, national mortgage lenders and servicers, but we also serve regional mortgage lenders and brokers, credit unions, commercial banks, fixed-income investors, government agencies, and property and casualty insurance companies.

The operating results of our UWS segment included intercompany revenues of $0.8 million for both the three months ended March 31, 2020 and 2019. The segment also included intercompany expenses of $1.8 million for both the three months ended March 31, 2020 and 2019.

We also separately report on our corporate and eliminations. Corporate consists primarily of corporate personnel and other expenses associated with our corporate functions and facilities, investment gains and losses, equity in earnings/(losses) of affiliates, net of tax, and interest expense. The results of our Corporate segment included intercompany expenses of $2.2 million for the three months ended March 31, 2020 and none for 2019.

Selected financial information by reportable segment is as follows:
(in thousands)
 
Operating Revenues
 
Depreciation and Amortization
 
Operating Income/(Loss)
 
Equity in Earnings/(Losses) of Affiliates, Net of Tax
 
Net Income/(Loss) From Continuing Operations
 
Capital Expenditures
 
 
 
 
 
 
For the Three Months Ended March 31, 2020
 
 
 
 
 
 
PIRM
 
$
173,055

 
$
25,011

 
$
18,318

 
$
706

 
$
19,232

 
$
14,076

UWS
 
275,621

 
13,245

 
75,614

 
—

 
76,433

 
1,904

Corporate
 
—

 
8,587

 
(26,861
)
 
(194
)
 
(61,859
)
 
7,796

Eliminations
 
(4,791
)
 
—

 
—

 
—

 
—

 
—

Consolidated (excluding discontinued operations)
 
$
443,885

 
$
46,843

 
$
67,071

 
$
512

 
$
33,806

 
$
23,776

 
 
 
 
 
 
 
 
 
 
 
 
 
For the Three Months Ended March 31, 2019
 
 

 
 

 
 
 
 
 
 

 
 

PIRM
 
$
175,808

 
$
26,799

 
$
14,352

 
$
(524
)
 
$
11,387

 
$
15,613

UWS
 
244,518

 
15,775

 
45,852

 
—

 
45,435

 
5,768

Corporate
 
—

 
6,645

 
(39,000
)
 
102

 
(55,089
)
 
11,586

Eliminations
 
(2,618
)
 
—

 
—

 
—

 
—

 
—

Consolidated (excluding discontinued operations)
 
$
417,708

 
$
49,219

 
$
21,204

 
$
(422
)
 
$
1,733

 
$
32,967


(in thousands)
 
 
 
 
Assets
 
March 31, 2020
 
December 31, 2019
PIRM
 
$
1,873,151

 
$
1,988,915

UWS
 
2,165,633

 
2,159,403

Corporate
 
5,975,853

 
5,938,106

Eliminations
 
(5,873,296
)
 
(5,934,053
)
Consolidated (excluding discontinued operations)
 
$
4,141,341

 
$
4,152,371