Segment information

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Segment information

Segment information. Prior to 2022, the Company reported two operating segments: the title insurance and related services (title) segment, and the ancillary services and corporate segment. Effective in the first quarter 2022, the Company began reporting three operating segments: the title segment, the real estate solutions segment, and the corporate and other segment. The new segment presentation is primarily due to the increased size of the real estate solutions operations (formerly, ancillary services operations) resulting from strategic acquisitions. Previously, the real estate solutions operations were combined in one segment with the Company's corporate operations, which consist of expenses of the parent holding company and other centralized administrative services departments.

Under the revised segment presentation, the composition of each of the title and real estate solutions segments is substantially unchanged, while the corporate and other segment primarily includes corporate operations. The title segment provides services needed to transfer title to property in a real estate transaction and includes services such as searching, abstracting, examining, closing and insuring the condition of the title to the property. In addition, the title segment includes home and personal insurance services, Internal Revenue Code Section 1031 tax-deferred exchanges, and digital customer engagement platform services. The real estate solutions segment primarily include appraisal management services, online notarization and closing services, credit and real estate information services, and search and valuation services. Also, 2021 amounts were recast in the following table to conform with the new segment presentation.

Selected statement of income information related to these segments is as follows:

		Three Months Ended   March 31,
		2022	2021
	($000 omitted)
Title segment:
Revenues		729,359	632,585
Depreciation and amortization		6,141	4,314
Income before taxes and noncontrolling interest		82,783	77,089
Real estate solutions segment:
Revenues		89,391	55,931
Depreciation and amortization		6,796	1,894
Income before taxes		6,791	2,657
Corporate and other segment:
Revenues		34,166	70
Depreciation and amortization		811	222
Loss before taxes		(9,963)	(5,744)
Consolidated Stewart:
Revenues		852,916	688,586
Depreciation and amortization		13,748	6,430
Income before taxes and noncontrolling interest		79,611	74,002

The Company does not provide asset information by reportable operating segment as it does not routinely evaluate the asset position by segment.

Total revenues generated in the United States and all international operations are as follows:

		Three Months Ended   March 31,
		2022	2021
	($000 omitted)
United States		809,204	652,582
International		43,712	36,004
		852,916	688,586