v3.26.1
Segment Information
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
The tables below summarize the result of operations by segment that are provided to the Chief Operating Decision Maker ("CODM"), who is the Company's Chief Executive Officer. The Company's primary methods of measuring profitability and performance on a reportable segment basis are Revenues and Net earnings from continuing operations, which are also measures used by the CODM to evaluate segment results and are factors in determining capital allocation among the segments.
Summarized financial information concerning our reportable segments is shown in the following tables. The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
As of and for the three months ended March 31, 2026:
 TitleF&GCorporate and OtherEliminationTotal
 (In millions)
Direct title insurance premiums 583 — — — 583 
Agency title insurance premiums 788 — — — 788 
Escrow, title related and other fees588 496 27 — 1,111 
Interest and investment income 91 723 36 (28)822 
Recognized gains and losses, net(46)(32)— — (78)
Total segment revenues2,004 1,187 63 (28)3,226 
Significant segment expenses:
Personnel costs748 60 19 — 827 
Agent commissions608 — — — 608 
Other operating expenses 340 33 25 — 398 
Benefits and other changes in policy reserves— 484 — — 484 
      Total significant segment expenses1,696 577 44 — 2,317 
Other segment items:
Depreciation and amortization35 173 7 — 215 
Provision for title claim losses62 — — — 62 
Market risk benefit gains— 73 — — 73 
Interest expense— 41 20 — 61 
     Total other segment items 97 287 27 — 411 
      Total segment expenses1,793 864 71 — 2,728 
Earnings (loss) before income taxes and equity in earnings of unconsolidated affiliates211 323 (8)(28)498 
Income tax expense 69 74 32 — 175 
Earnings (loss) before equity in earnings of unconsolidated affiliates142 249 (40)(28)323 
Equity in earnings of unconsolidated affiliates(2)— — — (2)
Net earnings (loss) from continuing operations$140 $249 $(40)$(28)$321 
Assets$8,139 $101,035 $2,325 $— $111,499 
Goodwill2,799 2,124 293 — 5,216 
As of and for the three months ended March 31, 2025:
TitleF&GCorporate and OtherEliminationTotal
 (In millions)
Direct title insurance premiums510 — — — 510 
Agency title insurance premiums681 — — — 681 
Escrow, title related and other fees525 505 35 — 1,065 
Interest and investment income83 666 39 (28)760 
Recognized gains and losses, net(25)(263)1 — (287)
Total segment revenues1,774 908 75 (28)2,729 
Significant segment expenses:
Personnel costs672 67 31 — 770 
Agent commissions528 — — — 528 
Other operating expenses313 41 23 — 377 
Benefits and other changes in policy reserves— 524 — — 524 
     Total significant segment expenses1,513 632 54 — 2,199 
Other segment items:
Depreciation and amortization36 153 7 — 196 
Provision for title claim losses54 — — — 54 
Market risk benefit losses— 109 — — 109 
Interest expense— 40 20 — 60 
    Total other segment items90 302 27 — 419 
     Total segment expenses1,603 934 81 — 2,618 
Earnings (loss) before income taxes and equity in earnings of unconsolidated affiliates171 (26)(6)(28)111 
Income tax expense (benefit)42 (5)(8)— 29 
Earnings (loss) before equity in earnings of unconsolidated affiliates129 (21)2 (28)82 
Equity in earnings of unconsolidated affiliates1 — — — 1 
Net earnings (loss) from continuing operations$130 $(21)$2 $(28)$83 
Assets$7,723 $88,013 $2,473 $— $98,209 
Goodwill2,799 2,179 293 — 5,271 
The activities in our segments include the following:
•Title. This segment consists of the operations of our title insurance underwriters and related businesses. This segment provides core title insurance and escrow and other title-related services including loan sub-servicing, valuations, default services, and home warranty.
•F&G. This segment primarily consists of the operations of our annuities and life insurance related businesses. This segment issues a broad portfolio of annuity and life products, including deferred annuities (indexed annuities and fixed rate annuities), immediate annuities, and IUL. This segment also provides funding agreements and PRT solutions.
•Corporate and Other. This segment consists of the operations of the parent holding company, our real estate technology subsidiaries, and our remaining real estate brokerage businesses. This segment also includes certain other unallocated corporate overhead expenses and eliminations of revenues and expenses between it and our Title segment.
•Elimination. This segment consists of the elimination of intercompany dividends paid from F&G to FNF, which are included in the Corporate and Other segment.