Segment information

6 Months Ended

Jun. 30, 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 income information related to these segments is as follows:

	Three Months Ended   June 30,		Six Months Ended   June 30,
	2023	2022	2023	2022
	($000 omitted)
Title segment:
Revenues	480,825	759,035	942,468	1,488,393
Depreciation and amortization	8,883	7,489	16,986	13,631
Income before taxes and noncontrolling interest	35,459	93,595	34,794	176,375
Real estate solutions segment:
Revenues	71,411	82,864	134,035	172,255
Depreciation and amortization	6,280	6,381	12,581	13,177
Income before taxes	3,282	6,095	4,648	12,886
Corporate and other segment:
Revenues (net realized losses)	(3,082)	2,174	(3,047)	36,340
Depreciation and amortization	365	418	867	1,229
Loss before taxes	(13,567)	(12,911)	(24,424)	(22,870)
Consolidated Stewart:
Revenues	549,154	844,073	1,073,456	1,696,988
Depreciation and amortization	15,528	14,288	30,434	28,037
Income before taxes and noncontrolling interest	25,174	86,779	15,018	166,391

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   June 30,		Six Months Ended   June 30,
	2023	2022	2023	2022
	($000 omitted)
United States	514,699	791,447	1,012,228	1,600,651
International	34,455	52,626	61,228	96,337
	549,154	844,073	1,073,456	1,696,988