Revenue Recognition (Tables)

Our revenue consists of:


			Three months ended June 30,				Six months ended June 30,
			2026		2025		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	$	767	$	632	$	1,350	$	1,142
Agency title insurance premiums	Agency title insurance premiums	Title	967		839		1,755		1,520
Life insurance premiums, insurance and investment product fees, and other	Escrow, title-related and other fees	F&G	413		632		909		1,137
Home warranty	Escrow, title-related and other fees	Title	41		40		77		76
Total revenue from insurance contracts			2,188		2,143		4,091		3,875
Revenue from contracts with customers:
Escrow fees	Escrow, title-related and other fees	Title	273		243		481		430
Other title-related fees and income	Escrow, title-related and other fees	Title	192		181		363		333
ServiceLink, excluding title premiums, escrow fees, and subservicing fees	Escrow, title-related and other fees	Title	105		89		199		172

Real estate technology	Escrow, title-related and other fees	Corporate and other	34		34		67		67


Total revenue from contracts with customers			604		547		1,110		1,002
Other revenue:
Loan subservicing revenue	Escrow, title-related and other fees	Title	83		60		162		127
Other	Escrow, title-related and other fees	Corporate and other	32		10		26		12
Interest and investment income	Interest and investment income	Various	811		777		1,633		1,537
Recognized gains and losses, net	Recognized gains and losses, net	Various	333		98		255		(189)
Total revenues	Total revenues		$	4,051	$	3,635	$	7,277	$	6,364

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


	June 30, 2026		December 31, 2025
	(In millions)
Trade receivables	$	448	$	375
Deferred revenue (contract liabilities)	96		95

The following table rolls forward URL for our universal life product for the six months ended June 30, 2026 and June 30, 2025: