v3.25.2
Segments
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segments

Note 11. 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 to the audited consolidated financial statements included in our 2024 Form 10-K.

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:

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

(In millions)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Revenue

 

$

 

617

 

 

$

 

542

 

 

$

 

1,043

 

 

$

 

920

 

Cost of services rendered

 

 

 

261

 

 

 

 

237

 

 

 

 

452

 

 

 

 

420

 

Sales and marketing costs

 

 

 

82

 

 

 

 

85

 

 

 

 

147

 

 

 

 

151

 

Customer service costs

 

 

 

30

 

 

 

 

27

 

 

 

 

58

 

 

 

 

52

 

General and administrative costs

 

 

 

61

 

 

 

 

54

 

 

 

 

118

 

 

 

 

99

 

Other segment items (1)

 

 

 

72

 

 

 

 

47

 

 

 

 

119

 

 

 

 

72

 

Net Income

 

$

 

111

 

 

$

 

92

 

 

$

 

148

 

 

$

 

126

 

(1)
Other segment items include depreciation and amortization expense, restructuring charges, interest expense, interest and net investment income, and provision for income taxes.

 

 

 

As of

 

 

 

June 30,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Total Assets

 

$

 

2,172

 

 

$

 

2,107