Segment information

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Segment information

Segment information. The Company has three reportable operating segments: the title segment, the real estate solutions segment, and the corporate and other segment. 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 supports the real estate industry and primarily includes credit and real estate information services, valuation management services, online notarization and closing services, and search services. The corporate and other segment is primarily comprised of the parent holding company and centralized administrative services departments.

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

		Three Months Ended   March 31,
		2023	2022
	($000 omitted)
Title segment:
Revenues		461,645	729,359
Depreciation and amortization		8,104	6,141
(Loss) income before taxes and noncontrolling interest		(664)	82,783
Real estate solutions segment:
Revenues		62,625	89,391
Depreciation and amortization		6,300	6,796
Income before taxes		1,366	6,791
Corporate and other segment:
Revenues		35	34,166
Depreciation and amortization		502	811
Loss before taxes		(10,858)	(9,963)
Consolidated Stewart:
Revenues		524,305	852,916
Depreciation and amortization		14,906	13,748
(Loss) income before taxes and noncontrolling interest		(10,156)	79,611

The Company does not provide asset information by reportable operating segment as it does not routinely evaluate the asset position by segment. During 2022, the corporate and other segment included results of a real estate brokerage company that was sold during the second quarter 2022.

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

		Three Months Ended   March 31,
		2023	2022
	($000 omitted)
United States		497,531	809,204
International		26,774	43,712
		524,305	852,916