Segment information

12 Months Ended

Dec. 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. In 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 and other businesses not related to title or real estate solutions 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 includes appraisal management services, online notarization and closing services, credit and real estate information services, and search and valuation services. Amounts for 2021 and 2020 were recast in the following table to conform with the new segment presentation.

Selected statement of income information related to these segments for the years ended December 31 is as follows:

	2022	2021	2020
	(in $ thousands)
Title
Revenues	2,733,744	3,002,949	2,205,301
Depreciation and amortization	29,715	21,227	15,230
Income before taxes and noncontrolling interest	255,132	440,462	246,878
Real estate solutions
Revenues	296,702	265,497	82,632
Depreciation and amortization	25,563	14,071	2,995
Income (loss) before taxes and noncontrolling interest	16,624	12,951	(1,594)
Corporate and other
Revenues	38,850	37,346	499
Depreciation and amortization	1,900	1,088	991
Loss before taxes and noncontrolling interest	(39,104)	(19,442)	(26,779)
Consolidated Stewart
Revenues	3,069,296	3,305,792	2,288,432
Depreciation and amortization	57,178	36,386	19,216
Income before taxes and noncontrolling interest	232,652	433,971	218,505

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

Revenues for the years ended December 31 in the United States and all international operations are as follows:

	2022	2021	2020
	(in $ thousands)
United States	2,893,169	3,107,817	2,154,672
International	176,127	197,975	133,760
	3,069,296	3,305,792	2,288,432