Segment information

6 Months Ended

Jun. 30, 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. Amounts for 2021 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   June 30,		Six Months Ended   June 30,
	2022	2021	2022	2021
	($000 omitted)
Title segment:
Revenues	759,035	753,119	1,488,393	1,385,704
Depreciation and amortization	7,489	4,709	13,631	9,023
Income before taxes and noncontrolling interest	93,595	125,671	176,375	202,760
Real estate solutions segment:
Revenues	82,864	58,193	172,255	114,124
Depreciation and amortization	6,381	1,884	13,177	3,778
Income before taxes	6,095	2,212	12,886	4,869
Corporate and other segment:
Revenues	2,174	7,497	36,340	7,567
Depreciation and amortization	418	226	1,229	448
(Loss) income before taxes	(12,911)	1,573	(22,870)	(4,171)
Consolidated Stewart:
Revenues	844,073	818,809	1,696,988	1,507,395
Depreciation and amortization	14,288	6,819	28,037	13,249
Income before taxes and noncontrolling interest	86,779	129,456	166,391	203,458

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   June 30,		Six Months Ended   June 30,
	2022	2021	2022	2021
	($000 omitted)
United States	791,447	762,344	1,600,651	1,414,926
International	52,626	56,465	96,337	92,469
	844,073	818,809	1,696,988	1,507,395