Revenue Recognition (Tables)

Our revenue consists of:


			Three months ended March 31,
			2026		2025
Revenue Stream	Income Statement Classification	Segment	Total Revenue
Revenue from insurance contracts:			(In millions)
Direct title insurance premiums	Direct title insurance premiums	Title	$	583	$	510
Agency title insurance premiums	Agency title insurance premiums	Title	788		681
Life insurance premiums, insurance and investment product fees, and other	Escrow, title-related and other fees	F&G	496		505
Home warranty	Escrow, title-related and other fees	Title	36		36
Total revenue from insurance contracts			1,903		1,732
Revenue from contracts with customers:
Escrow fees	Escrow, title-related and other fees	Title	208		187
Other title-related fees and income	Escrow, title-related and other fees	Title	171		152
ServiceLink, excluding title premiums, escrow fees, and subservicing fees	Escrow, title-related and other fees	Title	94		83

Real estate technology	Escrow, title-related and other fees	Corporate and other	33		33


Total revenue from contracts with customers			506		455
Other revenue:
Loan subservicing revenue	Escrow, title-related and other fees	Title	79		67
Other	Escrow, title-related and other fees	Corporate and other	(6)		2
Interest and investment income	Interest and investment income	Various	822		760
Recognized gains and losses, net	Recognized gains and losses, net	Various	(78)		(287)
Total revenues	Total revenues		$	3,226	$	2,729

The following table provides information about trade receivables and deferred revenue:


	March 31, 2026		December 31, 2025
	(In millions)
Trade receivables	$	368	$	375
Deferred revenue (contract liabilities)	93		95

The following table rolls forward URL for our universal life product for the three months ended March 31, 2026 and March 31, 2025: