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Segment Information
 9 Months Ended
Sep. 30, 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, and insurance 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 $2.3 million and $1.9 million for the three months ended September 30, 2020 and 2019, respectively, and $8.2 million and $4.4 million for the nine months ended September 30, 2020 and 2019, respectively. The segment also included intercompany expenses of $0.6 million and $0.8 million for the three months ended September 30, 2020 and 2019, respectively, and $1.9 million and $2.6 million for the nine months ended September 30, 2020 and 2019, respectively.
Underwriting & Workflow Solutions. Our UWS segment combines property and mortgage 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, 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 $0.6 million and $0.8 million for the three months ended September 30, 2020 and 2019, respectively, and $1.9 million and $2.6 million for the nine months ended September 30, 2020 and 2019, respectively. The segment also included intercompany expenses of $0.9 million and $1.0 million for the three months ended September 30, 2020 and 2019, respectively, and $2.7 million and $3.5 million for the nine months ended September 30, 2020 and 2019, respectively.

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 $1.5 million and $5.6 million for the three and nine months ended September 30, 2020, respectively, and $0.9 million for both the three and nine months ended September 30, 2019.
Selected financial information by reportable segment related to our continuing operations is as follows:
(in thousands)Operating RevenuesDepreciation and AmortizationOperating Income/(Loss)Equity in Earnings/(Losses) of Affiliates, Net of TaxNet Income/(Loss) From Continuing OperationsCapital Expenditures
For the Three Months Ended September 30, 2020
PIRM$176,248 $23,474 $22,670 $1,013 $58,325 $16,957 
UWS263,342 12,017 124,699 — 124,834 2,366 
Corporate— 8,119 (74,186)(42)(80,692)5,768 
Eliminations(2,863)— — — — — 
Consolidated (excluding discontinued operations)$436,727 $43,610 $73,183 $971 $102,467 $25,091 
For the Three Months Ended September 30, 2019    
PIRM$169,079 $23,061 $18,375 $762 $19,366 $10,706 
UWS209,138 11,800 70,831 (4)70,642 1,942 
Corporate— 7,528 (27,339)(151)(58,340)13,766 
Eliminations(2,646)— — — — — 
Consolidated (excluding discontinued operations)$375,571 $42,389 $61,867 $607 $31,668 $26,414 
For the Nine Months Ended September 30, 2020    
PIRM$504,379 $69,833 $65,249 $2,483 $102,451 $42,813 
UWS680,455 36,091 281,567 — 281,717 5,891 
Corporate— 24,715 (136,229)(624)(206,348)20,200 
Eliminations(10,101)— — — — — 
Consolidated (excluding discontinued operations)$1,174,733 $130,639 $210,587 $1,859 $177,820 $68,904 
For the Nine Months Ended September 30, 2019    
PIRM$501,854 $72,135 $44,110 $720 $38,382 $36,767 
UWS593,175 39,391 121,946 (12)121,745 8,472 
Corporate— 21,241 (94,386)(210)(151,902)33,413 
Eliminations(6,997)— — — — — 
Consolidated (excluding discontinued operations)$1,088,032 $132,767 $71,670 $498 $8,225 $78,652 
(in thousands)
AssetsSeptember 30, 2020December 31, 2019
PIRM$1,851,655 $1,932,643 
UWS2,019,299 2,008,233 
Corporate6,185,679 5,950,472 
Eliminations(5,870,954)(5,934,053)
Consolidated (excluding discontinued operations)$4,185,679 $3,957,295