First American Financial (FAF) 10-Q 27 Apr 23 2023 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2023	Apr. 24, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Trading Symbol	FAF
Entity Registrant Name	FIRST AMERICAN FINANCIAL CORPORATION
Entity Central Index Key	0001472787
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding		103,214,582
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	001-34580
Entity Tax Identification Number	26-1911571
Entity Address, Address Line One	1 First American Way
Entity Address, City or Town	Santa Ana
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92707-5913
City Area Code	714
Local Phone Number	250-3000
Title of 12(b) Security	Common stock, $0.00001 par value
Security Exchange Name	NYSE
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents	$ 1,983.4	$ 1,223.5
Accounts and accrued income receivable, less allowances of $20.6 and $21.3	366.8	367.1
Income taxes receivable	18.2	22
Investments:
Deposits with banks	53.5	63.4
Debt securities (amortized cost of $8,478.2 and $9,169.6; pledged of $91.0 and $86.0)	7,624.7	8,169.6
Equity securities	773.9	754.2
Investments, Total	8,452.1	8,987.2
Secured financings receivable	595.3	422.7
Property and equipment, net	663.2	636.9
Operating lease assets	243.8	248
Title plants and other indexes	643.9	639.8
Deferred income taxes	54.5	54.5
Goodwill	1,805.2	1,798.2
Other intangible assets, net	185.1	193.8
Other assets	372	361.6
Total assets	15,383.5	14,955.3
Liabilities and Equity
Deposits	6,149.9	5,519.7
Accounts payable and accrued liabilities	720.5	915
Deferred revenue	184.1	196.9
Reserve for known and incurred but not reported claims	1,314.5	1,325.3
Income taxes payable	54.8	10
Deferred income taxes	18.8	18.8
Operating lease liabilities	264.6	269.3
Secured financings payable	502.9	366.3
Notes and contracts payable	1,394.5	1,645.8
Total liabilities	10,604.6	10,267.1
Commitments and contingencies (Note 16)	0	0
Stockholders’ equity:
Preferred stock, $0.00001 par value; Authorized—0.5 shares; Outstanding—none	0	0
Common stock, $0.00001 par value; Authorized-300.0 shares; Outstanding-103.3 shares and 103.2 shares	0	0
Additional paid-in capital	1,800.1	1,812.4
Retained earnings	3,712.3	3,721.3
Accumulated other comprehensive loss	(755.9)	(868.9)
Total stockholders’ equity	4,756.5	4,664.8
Noncontrolling interests	22.4	23.4
Total equity	4,778.9	4,688.2
Total liabilities and equity	$ 15,383.5	$ 14,955.3

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) shares in Millions, $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Statement Of Financial Position [Abstract]
Accounts and accrued income receivable, allowances	$ 20.6	$ 21.3
Debt securities, amortized costs	8,478.2	9,169.6
Pledged securities included in debt securities	$ 91	$ 86
Preferred stock, par value	$ 0.00001	$ 0.00001
Preferred stock, shares authorized	0.5	0.5
Preferred stock, outstanding	0	0
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	300	300
Common stock, shares outstanding	103.3	103.2

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenues
Direct premiums and escrow fees	$ 502.2	$ 774.2
Agent premiums	590.4	947.8
Information and other	226.9	308.1
Net investment income	134	46.2
Net investment losses (realized of $(4.5) and $50.3)	(7.4)	(42.6)
Total revenues	1,446.1	2,033.7
Expenses
Personnel costs	487.6	601.7
Premiums retained by agents	469	757.8
Other operating expenses	258.5	337.4
Provision for policy losses and other claims	82.3	122.4
Depreciation and amortization	45.5	41
Premium taxes	14.5	23.9
Interest	29.1	19.7
Total expenses	1,386.5	1,903.9
Income before income taxes	59.6	129.8
Income taxes	13.6	31.7
Net income	46	98.1
Less: Net income attributable to noncontrolling interests	0.1	0.2
Net income attributable to the Company	$ 45.9	$ 97.9
Net income per share attributable to the Company's stockholders (Note 10):
Basic	$ 0.44	$ 0.89
Diluted	0.44	0.88
Cash dividends per share	$ 0.52	$ 0.51
Weighted-average common shares outstanding (Note 10):
Basic	104.5	110.4
Diluted	104.8	110.8

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Income (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Realized losses of net investment	$ (4.5)	$ 50.3

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 46	$ 98.1
Other comprehensive income (loss), net of tax:
Unrealized gains (losses) on debt securities	110.1	(371.6)
Foreign currency translation adjustment	2.6	2.3
Pension benefit adjustment	0.3	1.1
Total other comprehensive income (loss), net of tax	113	(368.2)
Comprehensive income (loss)	159	(270.1)
Less: Comprehensive income attributable to noncontrolling interests	0.1	0.2
Comprehensive income (loss) attributable to the Company	$ 158.9	$ (270.3)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders Equity (Unaudited) - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total Stockholders' Equity	Noncontrolling Interest
Balance at Dec. 31, 2021	$ 5,782.8	$ 0	$ 2,179.2	$ 3,679.9	$ (92.4)	$ 5,766.7	$ 16.1
Balance, Shares at Dec. 31, 2021		109.7
Net income	98.1	$ 0	0	97.9	0	97.9	0.2
Dividends on common shares	(55.7)	0	0	(55.7)	0	(55.7)	0
Repurchases of Company shares	(108)	$ 0	(108)	0	0	(108)	0
Repurchases of Company shares, shares		(1.6)
Shares issued in connection with share-based compensation	(12.5)	$ 0	(11.6)	(0.9)	0	(12.5)	0
Shares issued in connection with share-based compensation, shares		0.6
Share-based compensation	43.3	$ 0	43.3	0	0	43.3	0
Net activity related to noncontrolling interests	(0.6)	0	0	0	0	0	(0.6)
Other comprehensive income loss	(368.2)	0	0	0	(368.2)	(368.2)	0
Balance at Mar. 31, 2022	5,379.2	$ 0	2,102.9	3,721.2	(460.6)	5,363.5	15.7
Balance, Shares at Mar. 31, 2022		108.7
Balance at Dec. 31, 2022	$ 4,688.2	$ 0	1,812.4	3,721.3	(868.9)	4,664.8	23.4
Balance, Shares at Dec. 31, 2022	103.2	103.2
Net income	$ 46	$ 0	0	45.9	0	45.9	0.1
Dividends on common shares	(53.8)	0	0	(53.8)	0	(53.8)	0
Repurchases of Company shares	(30.4)	$ 0	(30.4)	0	0	(30.4)	0
Repurchases of Company shares, shares		(0.6)
Shares issued in connection with share-based compensation	(6)	$ 0	(4.9)	(1.1)	0	(6)	0
Shares issued in connection with share-based compensation, shares		0.7
Share-based compensation	23	$ 0	23	0	0	23	0
Net activity related to noncontrolling interests	(1.1)	0	0	0	0	0	(1.1)
Other comprehensive income loss	113	0	0	0	113	113	0
Balance at Mar. 31, 2023	$ 4,778.9	$ 0	$ 1,800.1	$ 3,712.3	$ (755.9)	$ 4,756.5	$ 22.4
Balance, Shares at Mar. 31, 2023	103.3	103.3

Condensed Consolidated Statem_5

Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Net income	$ 46	$ 98.1
Adjustments to reconcile net income to cash provided by operating activities:
Provision for policy losses and other claims	82.3	122.4
Depreciation and amortization	45.5	41
Amortization of premiums and accretion of discounts on debt securities, net	1.6	11.2
Net investment losses	7.4	42.6
Share-based compensation	23	43.3
Equity in earnings of affiliates, net	(0.5)	(3.6)
Dividends from equity method investments	1.6	2.4
Changes in assets and liabilities excluding effects of acquisitions and noncash transactions:
Claims paid, including assets acquired, net of recoveries	(95.2)	(100.8)
Net change in income tax accounts	11.7	24.7
Decrease in accounts and accrued income receivable	12.7	6.1
Decrease in accounts payable and accrued liabilities	(202.9)	(246)
Decrease in deferred revenue	(12.8)	(23.6)
Other, net	(12.7)	20.5
Cash (used for) provided by operating activities	(92.3)	38.3
Cash flows from investing activities:
Net cash effect of acquisitions/dispositions	(4.9)	(9.2)
Net decrease in deposits with banks	9.3	2.3
Purchases of debt securities	(246.3)	(743.2)
Proceeds from sales of debt securities	715.5	296.2
Proceeds from maturities of debt securities	210.5	368.5
Purchases of equity securities	(34.2)	(22.2)
Proceeds from sales of equity securities	11.1	83.2
Net change in other investments	(0.8)	0.9
Advances under secured financing agreements	(2,778.4)	(5,380.7)
Collections of secured financings receivable	2,606	5,339.5
Capital expenditures	(63.1)	(43.1)
Proceeds from sales of property and equipment	0.1	0.1
Proceeds from insurance settlement	2.1	1.1
Cash provided by (used for) investing activities	426.9	(106.6)
Cash flows from financing activities:
Net change in deposits	630.2	704.4
Borrowings under secured financing agreements	2,749.4	5,369.1
Repayments of secured financings payable	(2,612.8)	(5,351)
Repayment of senior unsecured notes	(250)
Repayments of other notes and contracts payable	(1.8)	(1.6)
Net activity related to noncontrolling interests	(1.1)	(0.6)
Net payments in connection with share-based compensation	(6)	(12.5)
Repurchases of Company shares	(30.4)	(108)
Payments of cash dividends	(53.8)	(55.7)
Cash provided by financing activities	423.7	544.1
Effect of exchange rate changes on cash	1.6	0.3
Net increase in cash and cash equivalents	759.9	476.1
Cash and cash equivalents—Beginning of period	1,223.5	1,228
Cash and cash equivalents—End of period	1,983.4	1,704.1
Supplemental information:
Interest	25.9	18
Premium taxes	30.6	44.3
Income taxes	$ 1.9	$ 6.7

Basis of Condensed Consolidated

Basis of Condensed Consolidated Financial Statements	3 Months Ended
	Mar. 31, 2023
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Condensed Consolidated Financial Statements	Note 1 – Basis of Condensed Consolidated Financial Statements Basis of Presentation The condensed consolidated financial information included in this report has been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and Article 10 of Securities and Exchange Commission Regulation S-X. The principles for condensed interim financial information do not require the inclusion of all the information and footnotes required by GAAP for complete financial statements. Therefore, these financial statements should be read in conjunction with the First American Financial Corporation (the “Company”) Annual Report on Form 10-K for the year ended December 31, 2022. The condensed consolidated financial statements included herein are unaudited; however, in the opinion of management, they contain all normal recurring adjustments necessary for a fair statement of the consolidated results for the interim periods. All material intercompany transactions and balances have been eliminated upon consolidation. Pending Accounting Pronouncements In June 2022, the Financial Accounting Standards Board (“FASB”) issued updated guidance intended to increase the comparability of financial information across reporting entities that have investments in equity securities measured at fair value that are subject to contractual restrictions preventing the sale of those securities. The updated guidance clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, as a result, should not be considered in measuring fair value. In addition, new disclosures are required about the nature of the restrictions and their remaining duration. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2023. The Company does not expect the adoption of this guidance to impact its condensed consolidated financial statements.

Trust Assets, Escrow and Other

Trust Assets, Escrow and Other Deposits	3 Months Ended
	Mar. 31, 2023
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Trust Assets, Escrow and Other Deposits	Note 2 –Trust Assets, Escrow and Other Deposits The Company administers escrow deposits and trust assets as a service to its direct customers. Escrow deposits totaled $ 9.8 billion and $ 10.0 billion at March 31, 2023 and December 31, 2022, respectively, of which $ 4.9 billion and $ 4.6 billion, respectively, were held at First American Trust, FSB (“FA Trust”). The remaining deposits were held at third-party financial institutions. Trust assets held or managed by FA Trust totaled $ 4.1 billion at March 31, 2023 and December 31, 2022. Escrow deposits held at third-party financial institutions and trust assets are not considered assets of the Company and, therefore, are not included in the accompanying condensed consolidated balance sheets. All such amounts are placed in deposit accounts insured, up to applicable limits, by the Federal Deposit Insurance Corporation. The Company could be held contingently liable for the disposition of these assets. In conducting its operations, the Company often holds customers’ assets in escrow, pending completion of real estate transactions and, as a result, the Company has ongoing programs for realizing economic benefits with various financial institutions. The results from these programs are included as income or a reduction in expense, as appropriate, in the consolidated statements of income based on the nature of the arrangement and benefit received. The Company facilitates tax-deferred property exchanges for customers pursuant to Section 1031 of the Internal Revenue Code and tax-deferred reverse exchanges pursuant to Revenue Procedure 2000-37. As a facilitator and intermediary, the Company holds the proceeds from sales transactions and takes temporary title to property identified by the customer to be acquired with such proceeds. Upon the completion of each such exchange, the identified property is transferred to the customer or, if the exchange does not take place, an amount equal to the sales proceeds or, in the case of a reverse exchange, title to the property held by the Company is transferred to the customer. Like-kind exchange funds administered by the Company totaled $ 2.2 billion and $ 2.8 billion at March 31, 2023 and December 31, 2022, respectively. The like-kind exchange deposits are held at third-party financial institutions and, due to the structure utilized to facilitate these transactions, the proceeds and property are not considered assets of the Company and, therefore, are not included in the accompanying condensed consolidated balance sheets. All such amounts are placed in deposit accounts insured, up to applicable limits, by the Federal Deposit Insurance Corporation. The Company could be held contingently liable to the customer for the transfers of property, disbursements of proceeds and the returns on such proceeds. In conducting its residential mortgage loan subservicing operations, the Company administers cash deposits on behalf of its clients. Cash deposits totaled $ 1.3 billion and $ 1.1 billion at March 31, 2023 and December 31, 2022, respectively, of which $ 0.9 billion and $ 0.7 billion, respectively, were held at FA Trust. The remaining deposits were held at third-party financial institutions. Cash deposits held at third-party financial institutions are not considered assets of the Company and, therefore, are not included in the accompanying condensed consolidated balance sheets. All such amounts are placed in deposit accounts insured, up to applicable limits, by the Federal Deposit Insurance Corporation. The Company could be held contingently liable for the disposition of these assets. In connection with certain accounts, the Company has ongoing programs for realizing economic benefits with various financial institutions whereby it earns economic benefits either as income or as a reduction in expense. Deposit balances held at FA Trust are temporarily invested in cash and cash equivalents and debt securities, with offsetting liabilities included in deposits in the accompanying condensed consolidated balance sheets.

Debt Securities

Debt Securities	3 Months Ended
	Mar. 31, 2023
Debt Securities [Abstract]
Debt Securities	Note 3 – Debt Securities Investments in debt securities, classified as available-for-sale, are as follows: Amortized Gross unrealized Estimated (in millions) cost Gains Losses fair value March 31, 2023 U.S. Treasury bonds $ 226.1 $ 0.5 $ ( 5.4 ) $ 221.2 Municipal bonds 1,397.1 5.8 ( 153.8 ) 1,249.1 Foreign government bonds 206.6 0.7 ( 11.2 ) 196.1 Governmental agency bonds 246.8 — ( 16.3 ) 230.5 Governmental agency mortgage-backed securities 5,023.0 3.8 ( 581.9 ) 4,444.9 U.S. corporate debt securities 906.3 3.0 ( 71.0 ) 838.3 Foreign corporate debt securities 472.3 2.5 ( 30.2 ) 444.6 $ 8,478.2 $ 16.3 $ ( 869.8 ) $ 7,624.7 December 31, 2022 U.S. Treasury bonds $ 308.5 $ 1.4 $ ( 7.1 ) $ 302.8 Municipal bonds 1,670.6 3.2 ( 195.1 ) 1,478.7 Foreign government bonds 208.0 0.1 ( 14.4 ) 193.7 Governmental agency bonds 247.9 — ( 19.3 ) 228.6 Governmental agency mortgage-backed securities 5,253.4 1.7 ( 652.7 ) 4,602.4 U.S. corporate debt securities 1,004.4 1.5 ( 84.5 ) 921.4 Foreign corporate debt securities 476.8 1.6 ( 36.4 ) 442.0 $ 9,169.6 $ 9.5 $ ( 1,009.5 ) $ 8,169.6 Sales of debt securities resulted in realized gains of $ 5.5 million and $ 3.5 million, realized losses of $ 10.0 million and $ 4.3 million and proceeds of $ 715.5 million and $ 296.2 million for the three months ended March 31, 2023 and 2022, respectively. Investments in debt securities in an unrealized loss position, and their respective length of time in such position, are as follows: Less than 12 months 12 months or longer Total (in millions) Estimated Unrealized Estimated Unrealized Estimated Unrealized March 31, 2023 U.S. Treasury bonds $ 40.1 $ ( 0.1 ) $ 55.5 $ ( 5.3 ) $ 95.6 $ ( 5.4 ) Municipal bonds 299.8 ( 5.9 ) 794.6 ( 147.9 ) 1,094.4 ( 153.8 ) Foreign government bonds 45.3 ( 0.4 ) 96.8 ( 10.8 ) 142.1 ( 11.2 ) Governmental agency bonds 146.2 ( 3.3 ) 84.1 ( 13.0 ) 230.3 ( 16.3 ) Governmental agency mortgage-backed 1,004.1 ( 53.3 ) 3,230.9 ( 528.6 ) 4,235.0 ( 581.9 ) U.S. corporate debt securities 142.4 ( 4.3 ) 582.4 ( 66.7 ) 724.8 ( 71.0 ) Foreign corporate debt securities 85.3 ( 2.6 ) 268.2 ( 27.6 ) 353.5 ( 30.2 ) $ 1,763.2 $ ( 69.9 ) $ 5,112.5 $ ( 799.9 ) $ 6,875.7 $ ( 869.8 ) December 31, 2022 U.S. Treasury bonds $ 108.0 $ ( 1.4 ) $ 49.5 $ ( 5.7 ) $ 157.5 $ ( 7.1 ) Municipal bonds 813.4 ( 55.8 ) 540.0 ( 139.3 ) 1,353.4 ( 195.1 ) Foreign government bonds 142.1 ( 5.9 ) 45.7 ( 8.5 ) 187.8 ( 14.4 ) Governmental agency bonds 172.7 ( 8.2 ) 55.8 ( 11.1 ) 228.5 ( 19.3 ) Governmental agency mortgage-backed 1,859.6 ( 141.4 ) 2,626.8 ( 511.3 ) 4,486.4 ( 652.7 ) U.S. corporate debt securities 528.3 ( 38.2 ) 325.2 ( 46.3 ) 853.5 ( 84.5 ) Foreign corporate debt securities 241.6 ( 17.5 ) 137.1 ( 18.9 ) 378.7 ( 36.4 ) $ 3,865.7 $ ( 268.4 ) $ 3,780.1 $ ( 741.1 ) $ 7,645.8 $ ( 1,009.5 ) Based on the Company’s review of its debt securities in an unrealized loss position it determined that the losses were due to non-credit factors and, therefore, it does not consider these securities to be credit impaired at March 31, 2023. As of March 31, 2023, the Company did not intend to sell any debt securities in an unrealized loss position and it is not more likely than not that the Company will be required to sell any debt securities before recovery of their amortized cost basis. In determining credit losses on its debt securities in an unrealized loss position, the Company considers certain factors that may include, among others, severity of the unrealized loss, security type, industry sector, credit rating, yield to maturity, profitability and stock performance. Investments in debt securities at March 31, 2023, by contractual maturities, are as follows: (in millions) Due in one Due after Due after Due after Total U.S. Treasury bonds Amortized cost $ 144.4 $ 70.8 $ 4.5 $ 6.4 $ 226.1 Estimated fair value $ 144.3 $ 66.6 $ 4.0 $ 6.3 $ 221.2 Municipal bonds Amortized cost 10.7 257.0 564.4 565.0 1,397.1 Estimated fair value 10.7 237.2 494.2 507.0 1,249.1 Foreign government bonds Amortized cost 30.8 97.8 68.7 9.3 206.6 Estimated fair value 30.6 96.7 60.6 8.2 196.1 Governmental agency bonds Amortized cost 25.8 157.6 6.7 56.7 246.8 Estimated fair value 25.4 152.1 6.0 47.0 230.5 U.S. corporate debt securities Amortized cost 9.3 646.1 191.0 59.9 906.3 Estimated fair value 9.2 596.6 182.1 50.4 838.3 Foreign corporate debt securities Amortized cost 18.5 313.6 101.3 38.9 472.3 Estimated fair value 18.2 295.4 96.5 34.5 444.6 Total debt securities (excluding mortgage-backed Amortized cost $ 239.5 $ 1,542.9 $ 936.6 $ 736.2 $ 3,455.2 Estimated fair value $ 238.4 $ 1,444.6 $ 843.4 $ 653.4 $ 3,179.8 Total mortgage-backed securities Amortized cost 5,023.0 Estimated fair value 4,444.9 Total debt securities Amortized cost $ 8,478.2 Estimated fair value $ 7,624.7 Mortgage-backed securities, which include contractual terms to maturity, are not categorized by contractual maturity as borrowers may have the right to call or prepay obligations with, or without, call or prepayment penalties. The composition of the debt securities portfolio at March 31, 2023, by credit rating, is as follows: A- or higher BBB+ to BBB- Non-Investment Grade Total (dollars in millions) Estimated Percentage Estimated Percentage Estimated Percentage Estimated U.S. Treasury bonds $ 221.2 100.0 % $ — — % $ — — % $ 221.2 Municipal bonds 1,200.0 96.1 48.8 3.9 0.3 — 1,249.1 Foreign government bonds 190.5 97.1 4.9 2.5 0.7 0.4 196.1 Governmental agency bonds 230.5 100.0 — — — — 230.5 Governmental agency mortgage- 4,444.9 100.0 — — — — 4,444.9 U.S. corporate debt securities 386.2 46.1 316.8 37.8 135.3 16.1 838.3 Foreign corporate debt securities 196.9 44.3 211.4 47.5 36.3 8.2 444.6 $ 6,870.2 90.1 % $ 581.9 7.6 % $ 172.6 2.3 % $ 7,624.7 Included in debt securities at March 31, 2023, were bank loans totaling $ 129.9 million, of which $ 124.9 million were non-investment grade; high yield corporate debt securities totaling $ 44.8 million, all of which were non-investment grade; and emerging market debt securities totaling $ 45.5 million, of which $ 2.6 million were non-investment grade. The composition of the debt securities portfolio in an unrealized loss position at March 31, 2023, by credit rating, is as follows: A- or higher BBB+ to BBB- Non-Investment Grade Total (dollars in millions) Estimated Percentage Estimated Percentage Estimated Percentage Estimated U.S. Treasury bonds $ 95.6 100.0 % $ — — % $ — — % $ 95.6 Municipal bonds 1,056.8 96.6 37.3 3.4 0.3 — 1,094.4 Foreign government bonds 140.1 98.6 1.3 0.9 0.7 0.5 142.1 Governmental agency bonds 230.3 100.0 — — — — 230.3 Governmental agency mortgage- 4,235.0 100.0 — — — — 4,235.0 U.S. corporate debt securities 356.2 49.1 265.4 36.6 103.2 14.3 724.8 Foreign corporate debt securities 164.5 46.5 160.0 45.3 29.0 8.2 353.5 $ 6,278.5 91.3 % $ 464.0 6.7 % $ 133.2 2.0 % $ 6,875.7 Debt securities in an unrealized loss position at March 31, 2023, included bank loans totaling $ 89.0 million, of which $ 86.9 million were non-investment grade; high yield corporate debt securities totaling $ 43.8 million, all of which were non-investment grade; and emerging market debt securities totaling $ 38.9 million, of which $ 2.2 million were non-investment grade. The credit ratings in the above tables reflect published ratings obtained from globally recognized securities rating agencies. If a security was rated differently among the rating agencies, the lowest rating was selected. Governmental agency mortgage-backed securities are not rated by any of the ratings agencies; however, these securities have been included in the above table in the “A- or higher” rating category because the payments of principal and interest are guaranteed by the governmental agency that issued the security.

Equity Securities

Equity Securities	3 Months Ended
	Mar. 31, 2023
Investments Debt And Equity Securities [Abstract]
Equity Securities	Note 4 – Equity Securities Investments in equity securities, by classification, are summarized as follows: (in millions) March 31, December 31, Marketable equity securities $ 315.2 $ 279.5 Non-marketable equity securities 384.7 395.8 Equity method investments 74.0 78.9 $ 773.9 $ 754.2 Investments in marketable equity securities are summarized as follows: (in millions) Cost Unrealized losses Estimated March 31, 2023 Common stocks $ 348.8 $ ( 44.9 ) $ 303.9 Preferred stocks 15.3 ( 4.0 ) 11.3 $ 364.1 $ ( 48.9 ) $ 315.2 December 31, 2022 Common stocks $ 323.7 $ ( 55.6 ) $ 268.1 Preferred stocks 15.3 ( 3.9 ) 11.4 $ 339.0 $ ( 59.5 ) $ 279.5 Net gains of $ 12.4 million and net losses of $ 65.0 million resulting from changes in the fair values of marketable equity securities were recognized for the three months ended March 31, 2023 and 2022, respectively, which included net unrealized gains of $ 11.7 million and net unrealized losses of $ 64.7 million on securities still held at March 31, 2023 and 2022, respectively. Included in net losses during the three months ended March 31, 2022 were unrealized losses of $ 44.0 million related to changes in the fair value of the Company’s investment in Offerpad Solutions Inc. (“Offerpad”), a tech-enabled real estate company. During the three months ended March 31, 2023, the Company paid $ 25.0 million for warrants to purchase additional shares of Offerpad common stock and, on March 28, 2023, the Company exercised its warrants to purchase 44.7 million shares of Offerpad common stock. The carrying amount of the Company’s investment in Offerpad at March 31, 2023 and December 31, 2022, totaled $ 40.5 million and $ 14.8 million, respectively. Investments in non-marketable equity securities are summarized as follows: (in millions) Cost Unrealized gains Carrying amount March 31, 2023 $ 313.3 $ 71.4 $ 384.7 December 31, 2022 $ 307.2 $ 88.6 $ 395.8 The Company recognized unrealized losses of $ 17.2 million, which included impairment charges of $ 12.9 million for the three months ended March 31, 2023, all related to its investments in private venture-stage companies. For the three months ended March 31, 2022, the Company recognized $ 11.1 million of unrealized losses related to its investments in private venture-stage companies. All such unrealized losses and gains related to securities still held at March 31, 2023 and 2022. Also, during the three months ended March 31, 2022, the Company realized a gain of $ 51.1 million and cash proceeds of $ 63.0 million related to the sale of an investment in a title insurance business.

Allowance for Credit Losses _ A

Allowance for Credit Losses – Accounts Receivable	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Allowance for Credit Losses – Accounts Receivable	Note 5 – Allowance for Credit Losses – Accounts Receivable Activity in the allowance for credit losses on accounts receivable is summarized as follows: Three Months Ended (in millions) 2023 2022 Balance at beginning of period $ 21.3 $ 14.0 Provision for expected credit losses 0.7 2.3 Write-offs/recoveries ( 1.4 ) ( 2.0 ) Balance at end of period $ 20.6 $ 14.3

Goodwill

Goodwill	3 Months Ended
	Mar. 31, 2023
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	Note 6 – Goodwill A summary of the changes in the carrying amount of goodwill, by reportable segment, for the three months ended March 31, 2023, is as follows: (in millions) Title Home Total Balance at beginning of period $ 1,757.3 $ 40.9 $ 1,798.2 Acquisitions 6.3 — 6.3 Foreign currency translation 0.7 — 0.7 Balance at end of period $ 1,764.3 $ 40.9 $ 1,805.2 The Company did no t record any goodwill impairment losses during the three months ended March 31, 2023.

Other Intangible Assets

Other Intangible Assets	3 Months Ended
	Mar. 31, 2023
Goodwill And Intangible Assets Disclosure [Abstract]
Other Intangible Assets	Note 7 – Other Intangible Assets Other intangible assets are summarized as follows: (in millions) March 31, December 31, Finite-lived intangible assets: Customer relationships $ 191.1 $ 191.0 Noncompete agreements 29.6 33.8 Trademarks 70.6 70.6 Internal-use software licenses 22.4 24.0 Patents 2.8 2.8 316.5 322.2 Accumulated amortization ( 148.3 ) ( 145.3 ) 168.2 176.9 Indefinite-lived intangible assets: Licenses 16.9 16.9 $ 185.1 $ 193.8 Amortization expense for finite-lived intangible assets was $ 13.5 million and $ 14.9 million for the three months ended March 31, 2023 and 2022, respectively. Estimated amortization expense for finite-lived intangible assets for the next five years is as follows: Year (in millions) Remainder of 2023 $ 36.4 2024 $ 33.8 2025 $ 26.5 2026 $ 25.8 2027 $ 11.5 2028 $ 7.1

Reserve for Known and Incurred

Reserve for Known and Incurred But Not Reported Claims	3 Months Ended
	Mar. 31, 2023
Insurance Loss Reserves [Abstract]
Reserve for Known and Incurred But Not Reported Claims	Note 8 – Reserve for Known and Incurred But Not Reported Claims Activity in the reserve for known and incurred but not reported claims is summarized as follows: Three Months Ended (in millions) 2023 2022 Balance at beginning of period $ 1,325.3 $ 1,283.8 Provision related to: Current year 83.1 115.2 Prior years ( 0.8 ) 7.2 82.3 122.4 Payments, net of recoveries, related to: Current year 31.1 32.5 Prior years 64.1 68.3 95.2 100.8 Other 2.1 ( 4.7 ) Balance at end of period $ 1,314.5 $ 1,300.7 The provision for title insurance losses, expressed as a percentage of title insurance premiums and escrow fees, was 3.5 % and 4.0 % for the three months ended March 31, 2023 and 2022, respectively. The current year rate of 3.5 % reflects an ultimate loss rate of 3.75 % for the current policy year and a net decrease in loss reserve estimates for prior policy years of 0.25 %, or $ 2.5 million. The 4.0 % rate for the first quarter of 2022 reflected the ultimate loss rate for the 2022 policy year and no change in loss reserve estimates for prior policy years. A summary of the Company’s loss reserves is as follows: (dollars in millions) March 31, 2023 December 31, 2022 Known title claims $ 61.2 4.6 % $ 62.1 4.7 % Incurred but not reported claims 1,202.2 91.5 % 1,207.2 91.1 % Total title claims 1,263.4 96.1 % 1,269.3 95.8 % Non-title claims 51.1 3.9 % 56.0 4.2 % Total loss reserves $ 1,314.5 100.0 % $ 1,325.3 100.0 %

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Note 9 – Income Taxes The Company’s effective income tax rates (income tax expense as a percentage of income before income taxes) were 22.8 % and 24.4 % for the three months ended March 31, 2023 and 2022, respectively. The effective income tax rates differ from the federal statutory rate as a result of state and foreign income taxes for which the Company is liable, as well as permanent differences between amounts reported for financial statement purposes and amounts reported for income tax purposes, including the recognition of excess tax benefits or tax deficiencies associated with share-based payment transactions through income tax expense. The Company evaluates the realizability of its deferred tax assets by assessing the valuation allowance and makes adjustments to the allowance as necessary. The factors used in assessing the likelihood of realization include forecasts of future taxable income and available tax planning strategies that could be implemented. The Company’s ability to achieve forecasted taxable income in the applicable taxing jurisdictions could affect the ultimate realization of its deferred tax assets. Based on future operating results in certain jurisdictions, it is possible that the current valuation allowance positions of those jurisdictions could be adjusted during the next 12 months. As of March 31, 2023 and December 31, 2022, the liability for income taxes associated with uncertain tax positions was $ 3.5 million and $ 3.2 million, respectively. The increase in the liability during 2023 was primarily attributable to positions taken on the Company’s tax returns for prior years. The liability as of March 31, 2023 and December 31, 2022 could be reduced by $ 2.4 million and $ 2.2 million, respectively, due to offsetting tax benefits associated with the correlative effects of potential adjustments, including timing adjustments, and state income taxes. The net liability, if recognized, would favorably affect the Company’s effective income tax rate. The Company’s continuing practice is to recognize interest and penalties related to uncertain tax positions in income tax expense. Accrued interest and penalties, net of tax benefits, related to uncertain tax positions were no t material as of March 31, 2023 and December 31, 2022. It is reasonably possible that the unrecognized benefit with respect to certain of the Company’s unrecognized tax positions may increase or decrease within the next 12 months. Any such change may be the result of either ongoing audits or the expiration of federal and state statutes of limitations for the assessment of taxes. The Company, or one of its subsidiaries, files income tax returns in the U.S. federal jurisdiction, various state jurisdictions and in various non-U.S. jurisdictions. The primary non-federal jurisdictions are California, Canada, India and the United Kingdom. As of March 31, 2023, the Company is, generally, no longer subject to U.S. federal or state income tax examinations for the years prior to 2019, and, for non-U.S. jurisdictions, income tax examinations for years prior to 2014. On August 16, 2022, the Inflation Reduction Act was signed into law. The Inflation Reduction Act includes various tax provisions, which are effective for tax years beginning on or after January 1, 2023, including a 15 % minimum income tax on certain large corporations and a 1 % excise tax on corporate stock repurchases. These tax law changes did not have a material impact on the Company’s condensed consolidated financial statements as of March 31, 2023.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Note 10 – Earnings Per Share The computation of basic and diluted earnings per share is as follows: Three Months Ended (in millions, except per share amounts) 2023 2022 Numerator Net income attributable to the Company $ 45.9 $ 97.9 Denominator Basic weighted-average shares 104.5 110.4 Effect of dilutive restricted stock units (“RSUs”) 0.3 0.4 Diluted weighted-average shares 104.8 110.8 Net income per share attributable to the Company’s Basic $ 0.44 $ 0.89 Diluted $ 0.44 $ 0.88 For the three months ended March 31, 2023, 333 thousand RSUs and 37 thousand performance restricted stock units (“PRSUs”) were excluded from diluted weighted-average common shares outstanding due to their antidilutive effect. For the three months ended March 31, 2022, 12 thousand RSUs were excluded from diluted weighted-average common shares outstanding due to their antidilutive effect.

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
	Mar. 31, 2023
Compensation And Retirement Disclosure [Abstract]
Employee Benefit Plans	Note 11 – Employee Benefit Plans Net periodic benefit costs related to the Company’s unfunded supplemental benefit pension plans are summarized as follows: Three Months Ended (in millions) 2023 2022 Expense: Interest costs $ 2.5 $ 1.5 Amortization of net actuarial loss 0.5 1.5 Amortization of prior service cost — 0.1 $ 3.0 $ 3.1 The Company contributed $ 3.7 million to its unfunded supplemental benefit pension plans during the three months ended March 31, 2023 and expects to contribute an additional $ 12.0 million during the remainder of 2023.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 12 – Fair Value Measurements Certain of the Company’s assets and liabilities are carried at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company categorizes its assets and liabilities carried at fair value using a three-level hierarchy for fair value measurements that distinguishes between market participant assumptions developed based on market data obtained from sources independent of the Company (observable inputs) and the Company’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The hierarchy for inputs used in determining fair value maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that observable inputs be used when available. The hierarchy level assigned to the assets and liabilities is based on management’s assessment of the transparency and reliability of the inputs used to estimate the fair values at the measurement date. The three hierarchy levels are defined as follows: Level 1—Valuations based on unadjusted quoted market prices in active markets for identical assets or liabilities. Level 2—Valuations based on observable inputs (other than Level 1 prices), such as quoted prices for similar assets or liabilities at the measurement date; quoted prices in markets that are not active; or other inputs that are observable, either directly or indirectly. Level 3—Valuations based on inputs that are unobservable and significant to the overall fair value measurement and involve management judgment. If the inputs used to measure fair value fall into different levels of the fair value hierarchy, the hierarchy level assigned is based upon the lowest level of input that is significant to the fair value measurement. The following tables present the fair values of the Company’s assets, measured on a recurring basis, as of March 31, 2023 and December 31, 2022: (in millions) Total Level 1 Level 2 Level 3 March 31, 2023 Assets: Debt securities: U.S. Treasury bonds $ 221.2 $ — $ 221.2 $ — Municipal bonds 1,249.1 — 1,249.1 — Foreign government bonds 196.1 — 196.1 — Governmental agency bonds 230.5 — 230.5 — Governmental agency mortgage-backed securities 4,444.9 — 4,444.9 — U.S. corporate debt securities 838.3 — 838.3 — Foreign corporate debt securities 444.6 — 444.6 — 7,624.7 — 7,624.7 — Equity securities: Common stocks 303.9 303.9 — — Preferred stocks 11.3 11.3 — — 315.2 315.2 — — Mortgage loans held for sale 13.9 — 12.6 1.3 Total $ 7,953.8 $ 315.2 $ 7,637.3 $ 1.3 (in millions) Total Level 1 Level 2 Level 3 December 31, 2022 Assets: Debt securities: U.S. Treasury bonds $ 302.8 $ — $ 302.8 $ — Municipal bonds 1,478.7 — 1,478.7 — Foreign government bonds 193.7 — 193.7 — Governmental agency bonds 228.6 — 228.6 — Governmental agency mortgage-backed securities 4,602.4 — 4,602.4 — U.S. corporate debt securities 921.4 — 921.4 — Foreign corporate debt securities 442.0 — 442.0 — 8,169.6 — 8,169.6 — Equity securities: Common stocks 268.1 268.1 — — Preferred stocks 11.4 11.4 — — 279.5 279.5 — — Mortgage loans held for sale 15.9 — 13.9 2.0 Total $ 8,465.0 $ 279.5 $ 8,183.5 $ 2.0 The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments not measured at fair value as of March 31, 2023 and December 31, 2022: Carrying Estimated fair value (in millions) Amount Total Level 1 Level 2 Level 3 March 31, 2023 Assets: Cash and cash equivalents $ 1,983.4 $ 1,983.4 $ 1,983.4 $ — $ — Deposits with banks $ 53.5 $ 53.0 $ 4.6 $ 48.4 $ — Notes receivable, net $ 11.5 $ 11.0 $ — $ — $ 11.0 Secured financings receivable $ 595.3 $ 595.3 $ — $ 595.3 $ — Liabilities: Secured financings payable $ 502.9 $ 502.9 $ — $ 502.9 $ — Notes and contracts payable $ 1,394.5 $ 1,210.7 $ — $ 1,207.6 $ 3.1 Carrying Estimated fair value (in millions) Amount Total Level 1 Level 2 Level 3 December 31, 2022 Assets: Cash and cash equivalents $ 1,223.5 $ 1,223.5 $ 1,223.5 $ — $ — Deposits with banks $ 63.4 $ 62.7 $ 8.5 $ 54.2 $ — Notes receivable, net $ 10.7 $ 10.6 $ — $ — $ 10.6 Secured financings receivable $ 422.7 $ 422.7 $ — $ 422.7 $ — Liabilities: Secured financings payable $ 366.3 $ 366.3 $ — $ 366.3 $ — Notes and contracts payable $ 1,645.8 $ 1,404.4 $ — $ 1,400.6 $ 3.8

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Mar. 31, 2023
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Compensation	Note 13 – Share-Based Compensation The following table summarizes the costs associated with the Company’s share-based compensation plans: Three Months Ended (in millions) 2023 2022 Expense: RSUs $ 19.0 $ 39.1 PRSUs 1.8 2.0 Employee stock purchase plan 2.2 2.2 $ 23.0 $ 43.3 The following table summarizes RSU and PRSU activity for the three months ended March 31, 2023: (in millions, except weighted-average grant-date fair value) Shares Weighted-average Unvested at December 31, 2022 0.9 $ 63.01 Granted during 2023 0.6 $ 64.18 Vested during 2023 ( 0.6 ) $ 62.66 Unvested at March 31, 2023 0.9 $ 64.09 In March 2023, the Company’s board of directors approved an amendment and restatement of the Company's 2020 Incentive Compensation Plan (the “Incentive Compensation Plan”), effective May 9, 2023. The Incentive Compensation Plan, which is subject to stockholder approval, increases the maximum number of shares of Company common stock available for grant from 4.3 million to 6.5 million.

Stockholders_ Equity

Stockholders’ Equity	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Stockholders’ Equity	Note 14 – Stockholders’ Equity The Company maintains a stock repurchase plan with authorization up to $ 400.0 million, of which $ 256.2 million remained as of March 31, 2023. Purchases may be made from time to time by the Company in the open market at prevailing market prices or in privately negotiated transactions. During the three months ended March 31, 2023, the Company repurchased and retired 0.6 million shares of its common stock for a total purchase price of $ 30.4 million and, as of March 31, 2023, had repurchased and retired 2.7 million shares of its common stock under the current authorization for a total purchase price of $ 143.8 million.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss) ("AOCI")	3 Months Ended
	Mar. 31, 2023
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss) ("AOCI")	Note 15 – Accumulated Other Comprehensive Income (Loss) (“AOCI”) The following table presents a summary of the changes in each component of AOCI for the three months ended March 31, 2023: (in millions) Unrealized Foreign Pension Accumulated Balance at December 31, 2022 $ ( 751.6 ) $ ( 82.1 ) $ ( 35.2 ) $ ( 868.9 ) Change in unrealized gains (losses) 146.5 — — 146.5 Change in foreign currency translation adjustment — 2.6 — 2.6 Amortization of net actuarial loss — — 0.5 0.5 Tax effect ( 36.4 ) — ( 0.2 ) ( 36.6 ) Balance at March 31, 2023 $ ( 641.5 ) $ ( 79.5 ) $ ( 34.9 ) $ ( 755.9 ) The following table presents the other comprehensive income (loss) reclassification adjustments for the three months ended March 31, 2023 and 2022: (in millions) Unrealized Foreign Pension Total Three Months Ended March 31, 2023 Pretax change before reclassifications $ 142.0 $ 2.6 $ — $ 144.6 Reclassifications out of AOCI 4.5 — 0.5 5.0 Tax effect ( 36.4 ) — ( 0.2 ) ( 36.6 ) Total other comprehensive income (loss), net of tax $ 110.1 $ 2.6 $ 0.3 $ 113.0 Three Months Ended March 31, 2022 Pretax change before reclassifications $ ( 497.1 ) $ 2.3 $ — $ ( 494.8 ) Reclassifications out of AOCI 0.7 — 1.6 2.3 Tax effect 124.8 — ( 0.5 ) 124.3 Total other comprehensive income (loss), net of tax $ ( 371.6 ) $ 2.3 $ 1.1 $ ( 368.2 ) The following table presents the effects of the reclassifications out of AOCI on the respective line items in the condensed consolidated statements of income: Three Months Ended (in millions) 2023 2022 Affected line items Unrealized gains (losses) on debt securities: Net realized (losses) gains on sales $ ( 4.5 ) $ ( 0.7 ) Net investment losses Tax effect $ 1.1 $ 0.2 Pension benefit adjustment (1): Amortization of net actuarial loss $ ( 0.5 ) $ ( 1.5 ) Other operating expenses Amortization of prior service cost — ( 0.1 ) Other operating expenses Pretax total $ ( 0.5 ) $ ( 1.6 ) Tax effect $ 0.2 $ 0.5 ___________________________________________________________________________________________________________________________________ (1) Amounts are components of net periodic cost. See Note 11 Employee Benefit Plans for additional details.

Litigation and Regulatory Conti

Litigation and Regulatory Contingencies	3 Months Ended
	Mar. 31, 2023
Commitments And Contingencies Disclosure [Abstract]
Litigation and Regulatory Contingencies	Note 16 – Litigation and Regulatory Contingencies The Company and its subsidiaries are parties to a number of lawsuits and are also involved in numerous ongoing routine legal and regulatory proceedings related to their operations. These lawsuits and proceedings frequently are similar in nature to other lawsuits and proceedings pending against the Company’s competitors. When the Company has determined that a loss is both probable and reasonably estimable, a liability representing the best estimate of the Company’s financial exposure based on known facts has been recorded. Actual losses may materially differ from the amounts recorded. With respect to the Company’s outstanding ordinary course lawsuits and proceedings, the Company has determined either that a loss is not reasonably possible or that the estimated loss or range of loss, if any, will not have a material adverse effect on the Company’s financial condition, results of operations or cash flows. The Company’s ordinary course lawsuits include putative or purported class action lawsuits, which challenge practices in the Company’s title insurance and services and home warranty businesses. The Company’s title insurance, property and casualty insurance, home warranty, mortgage servicing and subservicing, banking, thrift, trust and wealth management businesses are regulated by various federal, state and local governmental agencies. Many of the Company’s other businesses operate within statutory guidelines. Consequently, the Company may from time to time be subject to examination or investigation by such governmental agencies. Currently, governmental agencies are examining or investigating certain of the Company’s operations. Exams and investigations by governmental agencies include an investigation initiated in connection with the information security incident that occurred during the second quarter of 2019 by the New York Department of Financial Services. The New York Department of Financial Services has alleged violations of its cyber security requirements for financial services companies and filed a statement of charges on July 22, 2020, as amended on March 10, 2021, and the previously scheduled administrative hearing has been postponed and not rescheduled. While the ultimate disposition of the New York Department of Financial Services matter is not yet determinable, the Company does not believe that it or any of the other pending examinations or investigations will have a material adverse effect on the Company’s financial condition, results of operations or cash flows. Some of these exams or investigations could, however, result in changes to the Company’s business practices which could ultimately have a material adverse impact on the Company’s financial condition, results of operations or cash flows.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Segment Information	Note 17 – Segment Information The Company consists of the following reportable segments: • The Company’s title insurance and services segment issues title insurance policies on residential and commercial property in the United States and offers similar or related products and services internationally. This segment also provides closing and/or escrow services; accommodates tax-deferred exchanges of real estate; provides products, services and solutions designed to mitigate risk or otherwise facilitate real estate transactions; maintains, manages and provides access to title plant data and records; provides appraisals and other valuation-related products and services; provides lien release, document custodial and default-related products and services; provides warehouse lending services; subservices mortgage loans; and provides banking, trust and wealth management services. The Company, through its principal title insurance subsidiary and such subsidiary’s affiliates, transacts its title insurance business through a network of direct operations and agents. Through this network, the Company issues policies in the 49 states that permit the issuance of title insurance policies, the District of Columbia and certain United States territories. The Company also offers title insurance, closing services and similar or related products and services, either directly or through third parties in other countries, including Canada, the United Kingdom, Australia, New Zealand, South Korea and various other established and emerging markets. • During the first quarter of 2023, the Company changed the name of its specialty insurance segment to the home warranty segment. In connection with this change, the Company reclassified all current year and prior year operating results related to the Company’s property and casualty insurance business, which no longer has policies in force, to the corporate segment. The home warranty segment sells products including residential service contracts that cover residential systems, such as heating and air conditioning systems, and certain appliances against failures that occur as the result of normal usage during the coverage period. This business currently operates in 35 states and the District of Columbia. • The Company’s corporate segment includes its investments in venture-stage companies, operating results of the property and casualty insurance business (as noted above), certain financing facilities and corporate services that support the Company’s business operations. Selected financial information about the Company’s operations, by segment, is as follows: For the three months ended March 31, 2023: (in millions) Revenues Income (loss) Depreciation Capital Title Insurance and Services $ 1,348.6 $ 88.2 $ 44.2 $ 66.3 Home Warranty 103.7 15.9 1.3 1.2 Corporate and Eliminations ( 6.2 ) ( 44.5 ) — — $ 1,446.1 $ 59.6 $ 45.5 $ 67.5 (in millions) Direct Agent Information Net Net Total Title Insurance and Services $ 405.6 $ 590.4 $ 221.5 $ 124.6 $ 6.5 $ 1,348.6 Home Warranty 96.6 — 5.5 1.4 0.2 103.7 Corporate and Eliminations — — ( 0.1 ) 8.0 ( 14.1 ) ( 6.2 ) $ 502.2 $ 590.4 $ 226.9 $ 134.0 $ ( 7.4 ) $ 1,446.1 For the three months ended March 31, 2022: (in millions) Revenues Income (loss) Depreciation Capital Title Insurance and Services $ 1,997.3 $ 219.5 $ 39.7 $ 48.8 Home Warranty 103.4 15.9 1.3 0.8 Corporate and Eliminations ( 67.0 ) ( 105.6 ) — — $ 2,033.7 $ 129.8 $ 41.0 $ 49.6 (in millions) Direct Agent Information Net Net Total Title Insurance and Services $ 665.9 $ 947.8 $ 301.2 $ 52.7 $ 29.7 $ 1,997.3 Home Warranty 101.1 — 2.8 1.0 ( 1.5 ) 103.4 Corporate and Eliminations 7.2 — 4.1 ( 7.5 ) ( 70.8 ) ( 67.0 ) $ 774.2 $ 947.8 $ 308.1 $ 46.2 $ ( 42.6 ) $ 2,033.7

Basis of Condensed Consolidat_2

Basis of Condensed Consolidated Financial Statements (Policies)	3 Months Ended
	Mar. 31, 2023
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The condensed consolidated financial information included in this report has been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and Article 10 of Securities and Exchange Commission Regulation S-X. The principles for condensed interim financial information do not require the inclusion of all the information and footnotes required by GAAP for complete financial statements. Therefore, these financial statements should be read in conjunction with the First American Financial Corporation (the “Company”) Annual Report on Form 10-K for the year ended December 31, 2022. The condensed consolidated financial statements included herein are unaudited; however, in the opinion of management, they contain all normal recurring adjustments necessary for a fair statement of the consolidated results for the interim periods. All material intercompany transactions and balances have been eliminated upon consolidation.
Pending Accounting Pronouncements	Pending Accounting Pronouncements In June 2022, the Financial Accounting Standards Board (“FASB”) issued updated guidance intended to increase the comparability of financial information across reporting entities that have investments in equity securities measured at fair value that are subject to contractual restrictions preventing the sale of those securities. The updated guidance clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, as a result, should not be considered in measuring fair value. In addition, new disclosures are required about the nature of the restrictions and their remaining duration. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2023. The Company does not expect the adoption of this guidance to impact its condensed consolidated financial statements.

Debt Securities (Tables)

Debt Securities (Tables)	3 Months Ended
	Mar. 31, 2023
Investments Debt And Equity Securities [Abstract]
Investments in Debt Securities, Classified as Available-For-Sale	Investments in debt securities, classified as available-for-sale, are as follows: Amortized Gross unrealized Estimated (in millions) cost Gains Losses fair value March 31, 2023 U.S. Treasury bonds $ 226.1 $ 0.5 $ ( 5.4 ) $ 221.2 Municipal bonds 1,397.1 5.8 ( 153.8 ) 1,249.1 Foreign government bonds 206.6 0.7 ( 11.2 ) 196.1 Governmental agency bonds 246.8 — ( 16.3 ) 230.5 Governmental agency mortgage-backed securities 5,023.0 3.8 ( 581.9 ) 4,444.9 U.S. corporate debt securities 906.3 3.0 ( 71.0 ) 838.3 Foreign corporate debt securities 472.3 2.5 ( 30.2 ) 444.6 $ 8,478.2 $ 16.3 $ ( 869.8 ) $ 7,624.7 December 31, 2022 U.S. Treasury bonds $ 308.5 $ 1.4 $ ( 7.1 ) $ 302.8 Municipal bonds 1,670.6 3.2 ( 195.1 ) 1,478.7 Foreign government bonds 208.0 0.1 ( 14.4 ) 193.7 Governmental agency bonds 247.9 — ( 19.3 ) 228.6 Governmental agency mortgage-backed securities 5,253.4 1.7 ( 652.7 ) 4,602.4 U.S. corporate debt securities 1,004.4 1.5 ( 84.5 ) 921.4 Foreign corporate debt securities 476.8 1.6 ( 36.4 ) 442.0 $ 9,169.6 $ 9.5 $ ( 1,009.5 ) $ 8,169.6
Gross Unrealized Losses on Investments in Debt Securities	Investments in debt securities in an unrealized loss position, and their respective length of time in such position, are as follows: Less than 12 months 12 months or longer Total (in millions) Estimated Unrealized Estimated Unrealized Estimated Unrealized March 31, 2023 U.S. Treasury bonds $ 40.1 $ ( 0.1 ) $ 55.5 $ ( 5.3 ) $ 95.6 $ ( 5.4 ) Municipal bonds 299.8 ( 5.9 ) 794.6 ( 147.9 ) 1,094.4 ( 153.8 ) Foreign government bonds 45.3 ( 0.4 ) 96.8 ( 10.8 ) 142.1 ( 11.2 ) Governmental agency bonds 146.2 ( 3.3 ) 84.1 ( 13.0 ) 230.3 ( 16.3 ) Governmental agency mortgage-backed 1,004.1 ( 53.3 ) 3,230.9 ( 528.6 ) 4,235.0 ( 581.9 ) U.S. corporate debt securities 142.4 ( 4.3 ) 582.4 ( 66.7 ) 724.8 ( 71.0 ) Foreign corporate debt securities 85.3 ( 2.6 ) 268.2 ( 27.6 ) 353.5 ( 30.2 ) $ 1,763.2 $ ( 69.9 ) $ 5,112.5 $ ( 799.9 ) $ 6,875.7 $ ( 869.8 ) December 31, 2022 U.S. Treasury bonds $ 108.0 $ ( 1.4 ) $ 49.5 $ ( 5.7 ) $ 157.5 $ ( 7.1 ) Municipal bonds 813.4 ( 55.8 ) 540.0 ( 139.3 ) 1,353.4 ( 195.1 ) Foreign government bonds 142.1 ( 5.9 ) 45.7 ( 8.5 ) 187.8 ( 14.4 ) Governmental agency bonds 172.7 ( 8.2 ) 55.8 ( 11.1 ) 228.5 ( 19.3 ) Governmental agency mortgage-backed 1,859.6 ( 141.4 ) 2,626.8 ( 511.3 ) 4,486.4 ( 652.7 ) U.S. corporate debt securities 528.3 ( 38.2 ) 325.2 ( 46.3 ) 853.5 ( 84.5 ) Foreign corporate debt securities 241.6 ( 17.5 ) 137.1 ( 18.9 ) 378.7 ( 36.4 ) $ 3,865.7 $ ( 268.4 ) $ 3,780.1 $ ( 741.1 ) $ 7,645.8 $ ( 1,009.5 )
Investments in Debt Securities by Contractual Maturity	Investments in debt securities at March 31, 2023, by contractual maturities, are as follows: (in millions) Due in one Due after Due after Due after Total U.S. Treasury bonds Amortized cost $ 144.4 $ 70.8 $ 4.5 $ 6.4 $ 226.1 Estimated fair value $ 144.3 $ 66.6 $ 4.0 $ 6.3 $ 221.2 Municipal bonds Amortized cost 10.7 257.0 564.4 565.0 1,397.1 Estimated fair value 10.7 237.2 494.2 507.0 1,249.1 Foreign government bonds Amortized cost 30.8 97.8 68.7 9.3 206.6 Estimated fair value 30.6 96.7 60.6 8.2 196.1 Governmental agency bonds Amortized cost 25.8 157.6 6.7 56.7 246.8 Estimated fair value 25.4 152.1 6.0 47.0 230.5 U.S. corporate debt securities Amortized cost 9.3 646.1 191.0 59.9 906.3 Estimated fair value 9.2 596.6 182.1 50.4 838.3 Foreign corporate debt securities Amortized cost 18.5 313.6 101.3 38.9 472.3 Estimated fair value 18.2 295.4 96.5 34.5 444.6 Total debt securities (excluding mortgage-backed Amortized cost $ 239.5 $ 1,542.9 $ 936.6 $ 736.2 $ 3,455.2 Estimated fair value $ 238.4 $ 1,444.6 $ 843.4 $ 653.4 $ 3,179.8 Total mortgage-backed securities Amortized cost 5,023.0 Estimated fair value 4,444.9 Total debt securities Amortized cost $ 8,478.2 Estimated fair value $ 7,624.7
Composition of Debt Securities Portfolio by Credit Rating Agencies	The composition of the debt securities portfolio at March 31, 2023, by credit rating, is as follows: A- or higher BBB+ to BBB- Non-Investment Grade Total (dollars in millions) Estimated Percentage Estimated Percentage Estimated Percentage Estimated U.S. Treasury bonds $ 221.2 100.0 % $ — — % $ — — % $ 221.2 Municipal bonds 1,200.0 96.1 48.8 3.9 0.3 — 1,249.1 Foreign government bonds 190.5 97.1 4.9 2.5 0.7 0.4 196.1 Governmental agency bonds 230.5 100.0 — — — — 230.5 Governmental agency mortgage- 4,444.9 100.0 — — — — 4,444.9 U.S. corporate debt securities 386.2 46.1 316.8 37.8 135.3 16.1 838.3 Foreign corporate debt securities 196.9 44.3 211.4 47.5 36.3 8.2 444.6 $ 6,870.2 90.1 % $ 581.9 7.6 % $ 172.6 2.3 % $ 7,624.7
Composition of Debt Securities Portfolio in Unrealized Loss Position by Credit Rating Agencies	The composition of the debt securities portfolio in an unrealized loss position at March 31, 2023, by credit rating, is as follows: A- or higher BBB+ to BBB- Non-Investment Grade Total (dollars in millions) Estimated Percentage Estimated Percentage Estimated Percentage Estimated U.S. Treasury bonds $ 95.6 100.0 % $ — — % $ — — % $ 95.6 Municipal bonds 1,056.8 96.6 37.3 3.4 0.3 — 1,094.4 Foreign government bonds 140.1 98.6 1.3 0.9 0.7 0.5 142.1 Governmental agency bonds 230.3 100.0 — — — — 230.3 Governmental agency mortgage- 4,235.0 100.0 — — — — 4,235.0 U.S. corporate debt securities 356.2 49.1 265.4 36.6 103.2 14.3 724.8 Foreign corporate debt securities 164.5 46.5 160.0 45.3 29.0 8.2 353.5 $ 6,278.5 91.3 % $ 464.0 6.7 % $ 133.2 2.0 % $ 6,875.7

Equity Securities (Tables)

Equity Securities (Tables)	3 Months Ended
	Mar. 31, 2023
Investments Debt And Equity Securities [Abstract]
Summary of Investments in Equity Securities, by Classification	Investments in equity securities, by classification, are summarized as follows: (in millions) March 31, December 31, Marketable equity securities $ 315.2 $ 279.5 Non-marketable equity securities 384.7 395.8 Equity method investments 74.0 78.9 $ 773.9 $ 754.2
Summary of Investments in Marketable Equity Securities	Investments in marketable equity securities are summarized as follows: (in millions) Cost Unrealized losses Estimated March 31, 2023 Common stocks $ 348.8 $ ( 44.9 ) $ 303.9 Preferred stocks 15.3 ( 4.0 ) 11.3 $ 364.1 $ ( 48.9 ) $ 315.2 December 31, 2022 Common stocks $ 323.7 $ ( 55.6 ) $ 268.1 Preferred stocks 15.3 ( 3.9 ) 11.4 $ 339.0 $ ( 59.5 ) $ 279.5
Summary of Investments in Non-Marketable Equity Securities	Investments in non-marketable equity securities are summarized as follows: (in millions) Cost Unrealized gains Carrying amount March 31, 2023 $ 313.3 $ 71.4 $ 384.7 December 31, 2022 $ 307.2 $ 88.6 $ 395.8

Allowance for Credit Losses __2

Allowance for Credit Losses – Accounts Receivable (Tables)	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Summary of Allowance for Credit Losses on Accounts Receivables	Activity in the allowance for credit losses on accounts receivable is summarized as follows: Three Months Ended (in millions) 2023 2022 Balance at beginning of period $ 21.3 $ 14.0 Provision for expected credit losses 0.7 2.3 Write-offs/recoveries ( 1.4 ) ( 2.0 ) Balance at end of period $ 20.6 $ 14.3

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Mar. 31, 2023
Goodwill And Intangible Assets Disclosure [Abstract]
Carrying Amount of Goodwill by Reportable Segment	A summary of the changes in the carrying amount of goodwill, by reportable segment, for the three months ended March 31, 2023, is as follows: (in millions) Title Home Total Balance at beginning of period $ 1,757.3 $ 40.9 $ 1,798.2 Acquisitions 6.3 — 6.3 Foreign currency translation 0.7 — 0.7 Balance at end of period $ 1,764.3 $ 40.9 $ 1,805.2

Other Intangible Assets (Tables

Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2023
Intangible Assets Gross Excluding Goodwill [Abstract]
Schedule Of Other Intangible Assets	Other intangible assets are summarized as follows: (in millions) March 31, December 31, Finite-lived intangible assets: Customer relationships $ 191.1 $ 191.0 Noncompete agreements 29.6 33.8 Trademarks 70.6 70.6 Internal-use software licenses 22.4 24.0 Patents 2.8 2.8 316.5 322.2 Accumulated amortization ( 148.3 ) ( 145.3 ) 168.2 176.9 Indefinite-lived intangible assets: Licenses 16.9 16.9 $ 185.1 $ 193.8
Estimated Amortization Expense for Finite-Lived Intangible Assets	Estimated amortization expense for finite-lived intangible assets for the next five years is as follows: Year (in millions) Remainder of 2023 $ 36.4 2024 $ 33.8 2025 $ 26.5 2026 $ 25.8 2027 $ 11.5 2028 $ 7.1

Reserve for Known and Incurre_2

Reserve for Known and Incurred But Not Reported Claims (Tables)	3 Months Ended
	Mar. 31, 2023
Insurance Loss Reserves [Abstract]
Activity in Reserve for Known and Incurred but Not Reported Claims	Activity in the reserve for known and incurred but not reported claims is summarized as follows: Three Months Ended (in millions) 2023 2022 Balance at beginning of period $ 1,325.3 $ 1,283.8 Provision related to: Current year 83.1 115.2 Prior years ( 0.8 ) 7.2 82.3 122.4 Payments, net of recoveries, related to: Current year 31.1 32.5 Prior years 64.1 68.3 95.2 100.8 Other 2.1 ( 4.7 ) Balance at end of period $ 1,314.5 $ 1,300.7 A summary of the Company’s loss reserves is as follows: (dollars in millions) March 31, 2023 December 31, 2022 Known title claims $ 61.2 4.6 % $ 62.1 4.7 % Incurred but not reported claims 1,202.2 91.5 % 1,207.2 91.1 % Total title claims 1,263.4 96.1 % 1,269.3 95.8 % Non-title claims 51.1 3.9 % 56.0 4.2 % Total loss reserves $ 1,314.5 100.0 % $ 1,325.3 100.0 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	The computation of basic and diluted earnings per share is as follows: Three Months Ended (in millions, except per share amounts) 2023 2022 Numerator Net income attributable to the Company $ 45.9 $ 97.9 Denominator Basic weighted-average shares 104.5 110.4 Effect of dilutive restricted stock units (“RSUs”) 0.3 0.4 Diluted weighted-average shares 104.8 110.8 Net income per share attributable to the Company’s Basic $ 0.44 $ 0.89 Diluted $ 0.44 $ 0.88

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2023
Compensation And Retirement Disclosure [Abstract]
Net Periodic Costs	Net periodic benefit costs related to the Company’s unfunded supplemental benefit pension plans are summarized as follows: Three Months Ended (in millions) 2023 2022 Expense: Interest costs $ 2.5 $ 1.5 Amortization of net actuarial loss 0.5 1.5 Amortization of prior service cost — 0.1 $ 3.0 $ 3.1

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value of Assets Measured on Recurring Basis	The following tables present the fair values of the Company’s assets, measured on a recurring basis, as of March 31, 2023 and December 31, 2022: (in millions) Total Level 1 Level 2 Level 3 March 31, 2023 Assets: Debt securities: U.S. Treasury bonds $ 221.2 $ — $ 221.2 $ — Municipal bonds 1,249.1 — 1,249.1 — Foreign government bonds 196.1 — 196.1 — Governmental agency bonds 230.5 — 230.5 — Governmental agency mortgage-backed securities 4,444.9 — 4,444.9 — U.S. corporate debt securities 838.3 — 838.3 — Foreign corporate debt securities 444.6 — 444.6 — 7,624.7 — 7,624.7 — Equity securities: Common stocks 303.9 303.9 — — Preferred stocks 11.3 11.3 — — 315.2 315.2 — — Mortgage loans held for sale 13.9 — 12.6 1.3 Total $ 7,953.8 $ 315.2 $ 7,637.3 $ 1.3 (in millions) Total Level 1 Level 2 Level 3 December 31, 2022 Assets: Debt securities: U.S. Treasury bonds $ 302.8 $ — $ 302.8 $ — Municipal bonds 1,478.7 — 1,478.7 — Foreign government bonds 193.7 — 193.7 — Governmental agency bonds 228.6 — 228.6 — Governmental agency mortgage-backed securities 4,602.4 — 4,602.4 — U.S. corporate debt securities 921.4 — 921.4 — Foreign corporate debt securities 442.0 — 442.0 — 8,169.6 — 8,169.6 — Equity securities: Common stocks 268.1 268.1 — — Preferred stocks 11.4 11.4 — — 279.5 279.5 — — Mortgage loans held for sale 15.9 — 13.9 2.0 Total $ 8,465.0 $ 279.5 $ 8,183.5 $ 2.0
Carrying Amounts and Estimated Fair Values of Financial Instruments Not Measured at Fair Value	The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments not measured at fair value as of March 31, 2023 and December 31, 2022: Carrying Estimated fair value (in millions) Amount Total Level 1 Level 2 Level 3 March 31, 2023 Assets: Cash and cash equivalents $ 1,983.4 $ 1,983.4 $ 1,983.4 $ — $ — Deposits with banks $ 53.5 $ 53.0 $ 4.6 $ 48.4 $ — Notes receivable, net $ 11.5 $ 11.0 $ — $ — $ 11.0 Secured financings receivable $ 595.3 $ 595.3 $ — $ 595.3 $ — Liabilities: Secured financings payable $ 502.9 $ 502.9 $ — $ 502.9 $ — Notes and contracts payable $ 1,394.5 $ 1,210.7 $ — $ 1,207.6 $ 3.1 Carrying Estimated fair value (in millions) Amount Total Level 1 Level 2 Level 3 December 31, 2022 Assets: Cash and cash equivalents $ 1,223.5 $ 1,223.5 $ 1,223.5 $ — $ — Deposits with banks $ 63.4 $ 62.7 $ 8.5 $ 54.2 $ — Notes receivable, net $ 10.7 $ 10.6 $ — $ — $ 10.6 Secured financings receivable $ 422.7 $ 422.7 $ — $ 422.7 $ — Liabilities: Secured financings payable $ 366.3 $ 366.3 $ — $ 366.3 $ — Notes and contracts payable $ 1,645.8 $ 1,404.4 $ — $ 1,400.6 $ 3.8

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2023
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Costs Associated with Share-Based Compensation Plans	The following table summarizes the costs associated with the Company’s share-based compensation plans: Three Months Ended (in millions) 2023 2022 Expense: RSUs $ 19.0 $ 39.1 PRSUs 1.8 2.0 Employee stock purchase plan 2.2 2.2 $ 23.0 $ 43.3
Summary of RSU and PRSU Activity	The following table summarizes RSU and PRSU activity for the three months ended March 31, 2023: (in millions, except weighted-average grant-date fair value) Shares Weighted-average Unvested at December 31, 2022 0.9 $ 63.01 Granted during 2023 0.6 $ 64.18 Vested during 2023 ( 0.6 ) $ 62.66 Unvested at March 31, 2023 0.9 $ 64.09

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) ("AOCI") (Tables)	3 Months Ended
	Mar. 31, 2023
Accumulated Other Comprehensive Income Other Comprehensive Income [Abstract]
Components of Accumulated Other Comprehensive Income (Loss)	The following table presents a summary of the changes in each component of AOCI for the three months ended March 31, 2023: (in millions) Unrealized Foreign Pension Accumulated Balance at December 31, 2022 $ ( 751.6 ) $ ( 82.1 ) $ ( 35.2 ) $ ( 868.9 ) Change in unrealized gains (losses) 146.5 — — 146.5 Change in foreign currency translation adjustment — 2.6 — 2.6 Amortization of net actuarial loss — — 0.5 0.5 Tax effect ( 36.4 ) — ( 0.2 ) ( 36.6 ) Balance at March 31, 2023 $ ( 641.5 ) $ ( 79.5 ) $ ( 34.9 ) $ ( 755.9 )
Adjustments for Reclassification of Other Comprehensive Income (Loss)	The following table presents the other comprehensive income (loss) reclassification adjustments for the three months ended March 31, 2023 and 2022: (in millions) Unrealized Foreign Pension Total Three Months Ended March 31, 2023 Pretax change before reclassifications $ 142.0 $ 2.6 $ — $ 144.6 Reclassifications out of AOCI 4.5 — 0.5 5.0 Tax effect ( 36.4 ) — ( 0.2 ) ( 36.6 ) Total other comprehensive income (loss), net of tax $ 110.1 $ 2.6 $ 0.3 $ 113.0 Three Months Ended March 31, 2022 Pretax change before reclassifications $ ( 497.1 ) $ 2.3 $ — $ ( 494.8 ) Reclassifications out of AOCI 0.7 — 1.6 2.3 Tax effect 124.8 — ( 0.5 ) 124.3 Total other comprehensive income (loss), net of tax $ ( 371.6 ) $ 2.3 $ 1.1 $ ( 368.2 )
Reclassifications out of Accumulated Other Comprehensive Income (Loss)	The following table presents the effects of the reclassifications out of AOCI on the respective line items in the condensed consolidated statements of income: Three Months Ended (in millions) 2023 2022 Affected line items Unrealized gains (losses) on debt securities: Net realized (losses) gains on sales $ ( 4.5 ) $ ( 0.7 ) Net investment losses Tax effect $ 1.1 $ 0.2 Pension benefit adjustment (1): Amortization of net actuarial loss $ ( 0.5 ) $ ( 1.5 ) Other operating expenses Amortization of prior service cost — ( 0.1 ) Other operating expenses Pretax total $ ( 0.5 ) $ ( 1.6 ) Tax effect $ 0.2 $ 0.5 ___________________________________________________________________________________________________________________________________ (1) Amounts are components of net periodic cost. See Note 11 Employee Benefit Plans for additional details.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Schedule of Selected Financial Information	Selected financial information about the Company’s operations, by segment, is as follows: For the three months ended March 31, 2023: (in millions) Revenues Income (loss) Depreciation Capital Title Insurance and Services $ 1,348.6 $ 88.2 $ 44.2 $ 66.3 Home Warranty 103.7 15.9 1.3 1.2 Corporate and Eliminations ( 6.2 ) ( 44.5 ) — — $ 1,446.1 $ 59.6 $ 45.5 $ 67.5 (in millions) Direct Agent Information Net Net Total Title Insurance and Services $ 405.6 $ 590.4 $ 221.5 $ 124.6 $ 6.5 $ 1,348.6 Home Warranty 96.6 — 5.5 1.4 0.2 103.7 Corporate and Eliminations — — ( 0.1 ) 8.0 ( 14.1 ) ( 6.2 ) $ 502.2 $ 590.4 $ 226.9 $ 134.0 $ ( 7.4 ) $ 1,446.1 For the three months ended March 31, 2022: (in millions) Revenues Income (loss) Depreciation Capital Title Insurance and Services $ 1,997.3 $ 219.5 $ 39.7 $ 48.8 Home Warranty 103.4 15.9 1.3 0.8 Corporate and Eliminations ( 67.0 ) ( 105.6 ) — — $ 2,033.7 $ 129.8 $ 41.0 $ 49.6 (in millions) Direct Agent Information Net Net Total Title Insurance and Services $ 665.9 $ 947.8 $ 301.2 $ 52.7 $ 29.7 $ 1,997.3 Home Warranty 101.1 — 2.8 1.0 ( 1.5 ) 103.4 Corporate and Eliminations 7.2 — 4.1 ( 7.5 ) ( 70.8 ) ( 67.0 ) $ 774.2 $ 947.8 $ 308.1 $ 46.2 $ ( 42.6 ) $ 2,033.7

Trust Assets, Escrow and Othe_2

Trust Assets, Escrow and Other Deposits (Narrative) (Detail) - USD ($) $ in Billions	Mar. 31, 2023	Dec. 31, 2022
Other Assets [Line Items]
Escrow deposits	$ 9.8	$ 10
Like-kind exchange funds	2.2	2.8
Cash deposits	1.3	1.1
First American Trust
Other Assets [Line Items]
Escrow deposits	4.9	4.6
Assets held-in-trust	4.1	4.1
Cash deposits	$ 0.9	$ 0.7

Debt Securities (Investments in

Debt Securities (Investments in Debt Securities, Classified as Available-For-Sale) (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Schedule Of Available For Sale Securities [Line Items]
Debt Securities, Amortized cost	$ 8,478.2	$ 9,169.6
Debt Securities, Gross unrealized gains	16.3	9.5
Debt Securities, Gross unrealized losses	(869.8)	(1,009.5)
Debt securities, Estimated fair value	7,624.7	8,169.6
U.S. Treasury bonds
Schedule Of Available For Sale Securities [Line Items]
Debt Securities, Amortized cost	226.1	308.5
Debt Securities, Gross unrealized gains	0.5	1.4
Debt Securities, Gross unrealized losses	(5.4)	(7.1)
Debt securities, Estimated fair value	221.2	302.8
Municipal bonds
Schedule Of Available For Sale Securities [Line Items]
Debt Securities, Amortized cost	1,397.1	1,670.6
Debt Securities, Gross unrealized gains	5.8	3.2
Debt Securities, Gross unrealized losses	(153.8)	(195.1)
Debt securities, Estimated fair value	1,249.1	1,478.7
Foreign government bonds
Schedule Of Available For Sale Securities [Line Items]
Debt Securities, Amortized cost	206.6	208
Debt Securities, Gross unrealized gains	0.7	0.1
Debt Securities, Gross unrealized losses	(11.2)	(14.4)
Debt securities, Estimated fair value	196.1	193.7
Governmental agency bonds
Schedule Of Available For Sale Securities [Line Items]
Debt Securities, Amortized cost	246.8	247.9
Debt Securities, Gross unrealized gains	0	0
Debt Securities, Gross unrealized losses	(16.3)	(19.3)
Debt securities, Estimated fair value	230.5	228.6
Governmental agency mortgage-backed securities
Schedule Of Available For Sale Securities [Line Items]
Debt Securities, Amortized cost	5,023	5,253.4
Debt Securities, Gross unrealized gains	3.8	1.7
Debt Securities, Gross unrealized losses	(581.9)	(652.7)
Debt securities, Estimated fair value	4,444.9	4,602.4
U.S. corporate debt securities
Schedule Of Available For Sale Securities [Line Items]
Debt Securities, Amortized cost	906.3	1,004.4
Debt Securities, Gross unrealized gains	3	1.5
Debt Securities, Gross unrealized losses	(71)	(84.5)
Debt securities, Estimated fair value	838.3	921.4
Foreign corporate debt securities
Schedule Of Available For Sale Securities [Line Items]
Debt Securities, Amortized cost	472.3	476.8
Debt Securities, Gross unrealized gains	2.5	1.6
Debt Securities, Gross unrealized losses	(30.2)	(36.4)
Debt securities, Estimated fair value	$ 444.6	$ 442

Debt Securities (Sales of Debt

Debt Securities (Sales of Debt Securities) (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Investments Debt And Equity Securities [Abstract]
Realized gains on sales of debt securities	$ 5.5	$ 3.5
Realized losses on sales of debt securities	10	4.3
Proceeds from sales of debt securities	$ 715.5	$ 296.2

Debt Securities (Gross Unrealiz

Debt Securities (Gross Unrealized Losses on Investments in Debt Securities) (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value, Less than 12 months	$ 1,763.2	$ 3,865.7
Unrealized losses, Less than 12 months	(69.9)	(268.4)
Estimated fair value, 12 months or longer	5,112.5	3,780.1
Unrealized losses, 12 months or longer	(799.9)	(741.1)
Estimated fair value, Total	6,875.7	7,645.8
Unrealized losses, Total	(869.8)	(1,009.5)
U.S. Treasury bonds
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value, Less than 12 months	40.1	108
Unrealized losses, Less than 12 months	(0.1)	(1.4)
Estimated fair value, 12 months or longer	55.5	49.5
Unrealized losses, 12 months or longer	(5.3)	(5.7)
Estimated fair value, Total	95.6	157.5
Unrealized losses, Total	(5.4)	(7.1)
Municipal bonds
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value, Less than 12 months	299.8	813.4
Unrealized losses, Less than 12 months	(5.9)	(55.8)
Estimated fair value, 12 months or longer	794.6	540
Unrealized losses, 12 months or longer	(147.9)	(139.3)
Estimated fair value, Total	1,094.4	1,353.4
Unrealized losses, Total	(153.8)	(195.1)
Foreign government bonds
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value, Less than 12 months	45.3	142.1
Unrealized losses, Less than 12 months	(0.4)	(5.9)
Estimated fair value, 12 months or longer	96.8	45.7
Unrealized losses, 12 months or longer	(10.8)	(8.5)
Estimated fair value, Total	142.1	187.8
Unrealized losses, Total	(11.2)	(14.4)
Governmental agency bonds
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value, Less than 12 months	146.2	172.7
Unrealized losses, Less than 12 months	(3.3)	(8.2)
Estimated fair value, 12 months or longer	84.1	55.8
Unrealized losses, 12 months or longer	(13)	(11.1)
Estimated fair value, Total	230.3	228.5
Unrealized losses, Total	(16.3)	(19.3)
Governmental agency mortgage-backed securities
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value, Less than 12 months	1,004.1	1,859.6
Unrealized losses, Less than 12 months	(53.3)	(141.4)
Estimated fair value, 12 months or longer	3,230.9	2,626.8
Unrealized losses, 12 months or longer	(528.6)	(511.3)
Estimated fair value, Total	4,235	4,486.4
Unrealized losses, Total	(581.9)	(652.7)
U.S. corporate debt securities
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value, Less than 12 months	142.4	528.3
Unrealized losses, Less than 12 months	(4.3)	(38.2)
Estimated fair value, 12 months or longer	582.4	325.2
Unrealized losses, 12 months or longer	(66.7)	(46.3)
Estimated fair value, Total	724.8	853.5
Unrealized losses, Total	(71)	(84.5)
Foreign corporate debt securities
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value, Less than 12 months	85.3	241.6
Unrealized losses, Less than 12 months	(2.6)	(17.5)
Estimated fair value, 12 months or longer	268.2	137.1
Unrealized losses, 12 months or longer	(27.6)	(18.9)
Estimated fair value, Total	353.5	378.7
Unrealized losses, Total	$ (30.2)	$ (36.4)

Debt Securities (Investments _2

Debt Securities (Investments in Debt Securities by Contractual Maturity) (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Schedule Of Available For Sale Securities [Line Items]
Debt Securities, Amortized cost	$ 8,478.2	$ 9,169.6
Debt securities, Estimated fair value	7,624.7	8,169.6
U.S. Treasury bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, Due in one year or less	144.4
Amortized cost, Due after one through five years	70.8
Amortized cost, Due after five through ten years	4.5
Amortized cost, Due after ten years	6.4
Debt Securities, Amortized cost	226.1	308.5
Estimated fair value, Due in one year or less	144.3
Estimated fair value, Due after one through five years	66.6
Estimated fair value, Due after five through ten years	4
Estimated fair value, Due after ten years	6.3
Debt securities, Estimated fair value	221.2	302.8
Municipal bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, Due in one year or less	10.7
Amortized cost, Due after one through five years	257
Amortized cost, Due after five through ten years	564.4
Amortized cost, Due after ten years	565
Debt Securities, Amortized cost	1,397.1	1,670.6
Estimated fair value, Due in one year or less	10.7
Estimated fair value, Due after one through five years	237.2
Estimated fair value, Due after five through ten years	494.2
Estimated fair value, Due after ten years	507
Debt securities, Estimated fair value	1,249.1	1,478.7
Foreign government bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, Due in one year or less	30.8
Amortized cost, Due after one through five years	97.8
Amortized cost, Due after five through ten years	68.7
Amortized cost, Due after ten years	9.3
Debt Securities, Amortized cost	206.6	208
Estimated fair value, Due in one year or less	30.6
Estimated fair value, Due after one through five years	96.7
Estimated fair value, Due after five through ten years	60.6
Estimated fair value, Due after ten years	8.2
Debt securities, Estimated fair value	196.1	193.7
Governmental agency bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, Due in one year or less	25.8
Amortized cost, Due after one through five years	157.6
Amortized cost, Due after five through ten years	6.7
Amortized cost, Due after ten years	56.7
Debt Securities, Amortized cost	246.8	247.9
Estimated fair value, Due in one year or less	25.4
Estimated fair value, Due after one through five years	152.1
Estimated fair value, Due after five through ten years	6
Estimated fair value, Due after ten years	47
Debt securities, Estimated fair value	230.5	228.6
U.S. corporate debt securities
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, Due in one year or less	9.3
Amortized cost, Due after one through five years	646.1
Amortized cost, Due after five through ten years	191
Amortized cost, Due after ten years	59.9
Debt Securities, Amortized cost	906.3	1,004.4
Estimated fair value, Due in one year or less	9.2
Estimated fair value, Due after one through five years	596.6
Estimated fair value, Due after five through ten years	182.1
Estimated fair value, Due after ten years	50.4
Debt securities, Estimated fair value	838.3	921.4
Foreign corporate debt securities
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, Due in one year or less	18.5
Amortized cost, Due after one through five years	313.6
Amortized cost, Due after five through ten years	101.3
Amortized cost, Due after ten years	38.9
Debt Securities, Amortized cost	472.3	476.8
Estimated fair value, Due in one year or less	18.2
Estimated fair value, Due after one through five years	295.4
Estimated fair value, Due after five through ten years	96.5
Estimated fair value, Due after ten years	34.5
Debt securities, Estimated fair value	444.6	$ 442
Aggregate Debt Securities Excluding Mortgage Backed And Asset Backed Securities
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, Due in one year or less	239.5
Amortized cost, Due after one through five years	1,542.9
Amortized cost, Due after five through ten years	936.6
Amortized cost, Due after ten years	736.2
Debt Securities, Amortized cost	3,455.2
Estimated fair value, Due in one year or less	238.4
Estimated fair value, Due after one through five years	1,444.6
Estimated fair value, Due after five through ten years	843.4
Estimated fair value, Due after ten years	653.4
Debt securities, Estimated fair value	3,179.8
Collateralized Mortgage-Backed Securities
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	5,023
Estimated fair value	$ 4,444.9

Debt Securities (Composition of

Debt Securities (Composition of Debt Securities Portfolio by Credit Rating Agencies) (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 7,624.7	$ 8,169.6
Investment Grade | A- or higher
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 6,870.2
Percentage of debt securities by credit rating agencies	90.10%
Investment Grade | BBB+ to BBB-
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 581.9
Percentage of debt securities by credit rating agencies	7.60%
Non-Investment Grade
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 172.6
Percentage of debt securities by credit rating agencies	2.30%
U.S. Treasury bonds
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 221.2	302.8
U.S. Treasury bonds | Investment Grade | A- or higher
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 221.2
Percentage of debt securities by credit rating agencies	100%
U.S. Treasury bonds | Investment Grade | BBB+ to BBB-
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 0
Percentage of debt securities by credit rating agencies	0%
U.S. Treasury bonds | Non-Investment Grade
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 0
Percentage of debt securities by credit rating agencies	0%
Municipal bonds
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 1,249.1	1,478.7
Municipal bonds | Investment Grade | A- or higher
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 1,200
Percentage of debt securities by credit rating agencies	96.10%
Municipal bonds | Investment Grade | BBB+ to BBB-
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 48.8
Percentage of debt securities by credit rating agencies	3.90%
Municipal bonds | Non-Investment Grade
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 0.3
Percentage of debt securities by credit rating agencies	0%
Foreign government bonds
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 196.1	193.7
Foreign government bonds | Investment Grade | A- or higher
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 190.5
Percentage of debt securities by credit rating agencies	97.10%
Foreign government bonds | Investment Grade | BBB+ to BBB-
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 4.9
Percentage of debt securities by credit rating agencies	2.50%
Foreign government bonds | Non-Investment Grade
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 0.7
Percentage of debt securities by credit rating agencies	0.40%
Governmental agency bonds
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 230.5	228.6
Governmental agency bonds | Investment Grade | A- or higher
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 230.5
Percentage of debt securities by credit rating agencies	100%
Governmental agency bonds | Investment Grade | BBB+ to BBB-
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 0
Percentage of debt securities by credit rating agencies	0%
Governmental agency bonds | Non-Investment Grade
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 0
Percentage of debt securities by credit rating agencies	0%
Governmental agency mortgage-backed securities
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 4,444.9	4,602.4
Governmental agency mortgage-backed securities | Investment Grade | A- or higher
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 4,444.9
Percentage of debt securities by credit rating agencies	100%
Governmental agency mortgage-backed securities | Investment Grade | BBB+ to BBB-
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 0
Percentage of debt securities by credit rating agencies	0%
Governmental agency mortgage-backed securities | Non-Investment Grade
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 0
Percentage of debt securities by credit rating agencies	0%
U.S. corporate debt securities
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 838.3	921.4
U.S. corporate debt securities | Investment Grade | A- or higher
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 386.2
Percentage of debt securities by credit rating agencies	46.10%
U.S. corporate debt securities | Investment Grade | BBB+ to BBB-
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 316.8
Percentage of debt securities by credit rating agencies	37.80%
U.S. corporate debt securities | Non-Investment Grade
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 135.3
Percentage of debt securities by credit rating agencies	16.10%
Foreign corporate debt securities
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 444.6	$ 442
Foreign corporate debt securities | Investment Grade | A- or higher
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 196.9
Percentage of debt securities by credit rating agencies	44.30%
Foreign corporate debt securities | Investment Grade | BBB+ to BBB-
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 211.4
Percentage of debt securities by credit rating agencies	47.50%
Foreign corporate debt securities | Non-Investment Grade
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 36.3
Percentage of debt securities by credit rating agencies	8.20%

Debt Securities (Composition _2

Debt Securities (Composition of Debt Securities Portfolio by Credit Rating Agencies) (Narrative) (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	$ 7,624.7	$ 8,169.6
Estimated fair value of debt securities, Unrealized loss position	6,875.7	$ 7,645.8
Bank Loans
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	129.9
Estimated fair value of debt securities, Unrealized loss position	89
Emerging Market Securities
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	45.5
Estimated fair value of debt securities, Unrealized loss position	38.9
Non-Investment Grade
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	172.6
Estimated fair value of debt securities, Unrealized loss position	133.2
Non-Investment Grade | Bank Loans
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	124.9
Estimated fair value of debt securities, Unrealized loss position	86.9
Non-Investment Grade | High Yield Corporate Debt Securities
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	44.8
Estimated fair value of debt securities, Unrealized loss position	43.8
Non-Investment Grade | Emerging Market Securities
Schedule Of Available For Sale Securities [Line Items]
Debt securities, Estimated fair value	2.6
Estimated fair value of debt securities, Unrealized loss position	$ 2.2

Debt Securities (Composition _3

Debt Securities (Composition of Debt Securities Portfolio in Unrealized Loss Position by Credit Rating Agencies) (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 6,875.7	$ 7,645.8
U.S. Treasury bonds
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	95.6
Municipal bonds
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	1,094.4
Foreign government bonds
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	142.1
Governmental agency bonds
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	230.3
Governmental agency mortgage-backed securities
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	4,235
U.S. corporate debt securities
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	724.8
Foreign corporate debt securities
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	353.5
Investment Grade | A- or higher
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 6,278.5
Percentage of debt securities in unrealized loss position	91.30%
Investment Grade | BBB+ to BBB-
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 464
Percentage of debt securities in unrealized loss position	6.70%
Investment Grade | U.S. Treasury bonds | A- or higher
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 95.6
Percentage of debt securities in unrealized loss position	100%
Investment Grade | U.S. Treasury bonds | BBB+ to BBB-
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 0
Percentage of debt securities in unrealized loss position	0%
Investment Grade | Municipal bonds | A- or higher
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 1,056.8
Percentage of debt securities in unrealized loss position	96.60%
Investment Grade | Municipal bonds | BBB+ to BBB-
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 37.3
Percentage of debt securities in unrealized loss position	3.40%
Investment Grade | Foreign government bonds | A- or higher
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 140.1
Percentage of debt securities in unrealized loss position	98.60%
Investment Grade | Foreign government bonds | BBB+ to BBB-
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 1.3
Percentage of debt securities in unrealized loss position	0.90%
Investment Grade | Governmental agency bonds | A- or higher
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 230.3
Percentage of debt securities in unrealized loss position	100%
Investment Grade | Governmental agency bonds | BBB+ to BBB-
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 0
Percentage of debt securities in unrealized loss position	0%
Investment Grade | Governmental agency mortgage-backed securities | A- or higher
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 4,235
Percentage of debt securities in unrealized loss position	100%
Investment Grade | Governmental agency mortgage-backed securities | BBB+ to BBB-
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 0
Percentage of debt securities in unrealized loss position	0%
Investment Grade | U.S. corporate debt securities | A- or higher
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 356.2
Percentage of debt securities in unrealized loss position	49.10%
Investment Grade | U.S. corporate debt securities | BBB+ to BBB-
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 265.4
Percentage of debt securities in unrealized loss position	36.60%
Investment Grade | Foreign corporate debt securities | A- or higher
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 164.5
Percentage of debt securities in unrealized loss position	46.50%
Investment Grade | Foreign corporate debt securities | BBB+ to BBB-
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 160
Percentage of debt securities in unrealized loss position	45.30%
Non-Investment Grade
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 133.2
Percentage of debt securities in unrealized loss position	2%
Non-Investment Grade | U.S. Treasury bonds
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 0
Percentage of debt securities in unrealized loss position	0%
Non-Investment Grade | Municipal bonds
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 0.3
Percentage of debt securities in unrealized loss position	0%
Non-Investment Grade | Foreign government bonds
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 0.7
Percentage of debt securities in unrealized loss position	0.50%
Non-Investment Grade | Governmental agency bonds
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 0
Percentage of debt securities in unrealized loss position	0%
Non-Investment Grade | Governmental agency mortgage-backed securities
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 0
Percentage of debt securities in unrealized loss position	0%
Non-Investment Grade | U.S. corporate debt securities
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 103.2
Percentage of debt securities in unrealized loss position	14.30%
Non-Investment Grade | Foreign corporate debt securities
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 29
Percentage of debt securities in unrealized loss position	8.20%

Equity Securities - (Summary of

Equity Securities - (Summary of Investments in Equity Securities, by Classification) (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Investments Debt And Equity Securities [Abstract]
Marketable equity securities	$ 315.2	$ 279.5
Non-marketable equity securities	384.7	395.8
Equity Method Investments	74	78.9
Equity Securities	$ 773.9	$ 754.2

Equity Securities - (Summary _2

Equity Securities - (Summary of Investments in Marketable Equity Securities) (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Equity securities, Cost	$ 364.1	$ 339
Equity securities, Unrealized losses	(48.9)	(59.5)
Equity securities, Estimated fair value	315.2	279.5
Common Stock
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Equity securities, Cost	348.8	323.7
Equity securities, Unrealized losses	(44.9)	(55.6)
Equity securities, Estimated fair value	303.9	268.1
Preferred Stock
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Equity securities, Cost	15.3	15.3
Equity securities, Unrealized losses	(4)	(3.9)
Equity securities, Estimated fair value	$ 11.3	$ 11.4

Equity Securities (Narrative) (

Equity Securities (Narrative) (Detail) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 28, 2023	Dec. 31, 2022
Schedule Of Investments [Line Items]
Net (losses) gains on equity securities	$ 12.4	$ (65)
Net unrealized gains and (losses) on equity securities	11.7	(64.7)
Cash proceeds from sale of equity securities	11.1	83.2
Carrying amount of investment	8,452.1			$ 8,987.2
Offerpad Inc [Member]
Schedule Of Investments [Line Items]
Net unrealized gains and (losses) on equity securities	(44)
Payment for warrants to purchase additional shares of common stock	25
Warrants exercised to purchase shares of common stock			44.7
Carrying amount of investment	40.5			$ 14.8
Non Marketable Equity Securities
Schedule Of Investments [Line Items]
Impairment charges on equity securities	12.9
Net unrealized losses on equity securities	$ 17.2	11.1
Investment In Insurance Business
Schedule Of Investments [Line Items]
Realized gain on securities		51.1
Cash proceeds from sale of equity securities		$ 63

Equity Securities - (Summary _3

Equity Securities - (Summary of Investments in Non Marketable Equity Securities) (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Equity Securities Without Readily Determinable Fair Value [Line Items]
Carrying amount	$ 384.7	$ 395.8
Non Marketable Equity Securities
Equity Securities Without Readily Determinable Fair Value [Line Items]
Cost	313.3	307.2
Unrealized gains	71.4	88.6
Carrying amount	$ 384.7	$ 395.8

Allowance for Credit Losses - S

Allowance for Credit Losses - Summary of Allowance for Credit Losses on Accounts Receivables (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Receivables [Abstract]
Balance at beginning of period	$ 21.3	$ 14
Provision for expected credit losses	0.7	2.3
Write-offs/recoveries	(1.4)	(2)
Balance at end of period	$ 20.6	$ 14.3

Goodwill (Carrying Amount of Go

Goodwill (Carrying Amount of Goodwill by Reportable Segment) (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($)
Goodwill [Line Items]
Balance at beginning of period	$ 1,798.2
Acquisitions	6.3
Foreign currency translation	0.7
Balance at end of period	1,805.2
Title Insurance and Services
Goodwill [Line Items]
Balance at beginning of period	1,757.3
Acquisitions	6.3
Foreign currency translation	0.7
Balance at end of period	1,764.3
Home Warranty
Goodwill [Line Items]
Balance at beginning of period	40.9
Balance at end of period	$ 40.9

Goodwill (Narrative) (Detail)

Goodwill (Narrative) (Detail)	3 Months Ended
	Mar. 31, 2023 USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill impairment losses	$ 0

Other Intangible Assets - Sched

Other Intangible Assets - Schedule of Other Intangible Assets (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Intangible Assets Net Excluding Goodwill [Abstract]
Customer relationships	$ 191.1	$ 191
Noncompete agreements	29.6	33.8
Trademarks	70.6	70.6
Internal-use software licenses	22.4	24
Patents	2.8	2.8
Finite-Lived Intangible Assets, Gross	316.5	322.2
Accumulated amortization	(148.3)	(145.3)
Finite-Lived Intangible Assets, Net	168.2	176.9
Licenses	16.9	16.9
Intangible Assets, Net (Excluding Goodwill)	$ 185.1	$ 193.8

Other Intangible Assets - Narra

Other Intangible Assets - Narrative (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Intangible Assets Net Excluding Goodwill [Abstract]
Amortization expense	$ 13.5	$ 14.9

Other Intangible Assets - Estim

Other Intangible Assets - Estimated Amortization Expense for Finite-Lived Intangible Assets (Detail) $ in Millions	Mar. 31, 2023 USD ($)
Intangible Assets Net Excluding Goodwill [Abstract]
Remainder of 2023	$ 36.4
2024	33.8
2025	26.5
2026	25.8
2027	11.5
2028	$ 7.1

Reserve for Known and Incurre_3

Reserve for Known and Incurred but Not Reported Claims (Activity in Reserve for Known and Incurred but Not Reported Claims) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Balance at beginning of period	$ 1,325.3	$ 1,283.8
Provision related to current year	83.1	115.2
Provision related to prior years	(0.8)	7.2
Total Provision	82.3	122.4
Payments, net of recoveries, related to: Current year	31.1	32.5
Payments, net of recoveries, related to: Prior years	64.1	68.3
Total Payments, net of recoveries	95.2	100.8
Other	2.1	(4.7)
Balance at end of period	$ 1,314.5	$ 1,300.7

Reserve for Known and Incurre_4

Reserve for Known and Incurred but Not Reported Claims (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Insurance [Abstract]
Provision for title loss, percentage of title premiums and escrow fees	3.50%	4%
Ultimate loss rate	3.75%
Estimated percentage decrease in loss reserve for prior policy years	0.25%
Estimated decrease in loss reserve for prior policy years	$ 2.5
Estimated increase in loss reserve for prior policy years		$ 0

Reserve for Known and Incurre_5

Reserve for Known and Incurred but Not Reported Claims (Summary of Loss Reserves) (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Insurance [Abstract]
Known title claims, amount	$ 61.2	$ 62.1
Incurred but not reported claims, amount	1,202.2	1,207.2
Total title claims, amount	1,263.4	1,269.3
Non-title claims, amount	51.1	56
Total loss reserves, amount	$ 1,314.5	$ 1,325.3	$ 1,300.7	$ 1,283.8
Known title claims, percent	4.60%	4.70%
Incurred but not reported claims, percent	91.50%	91.10%
Total title claims, percent	96.10%	95.80%
Non-title claims, percent	3.90%	4.20%
Total loss reserves, percent	100%	100%

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Effective income tax rates	22.80%	24.40%
Liability for income taxes associated with uncertain tax positions	$ 3.5		$ 3.2
Offsetting Tax Benefits To Liability For Income Taxes Associated With Uncertain Tax Positions	2.4		2.2
Other tax benefits related to interest and penalties of uncertain tax positions	$ 0		$ 0
Unrecognized tax positions increase decrease, months	It is reasonably possible that the unrecognized benefit with respect to certain of the Company’s unrecognized tax positions may increase or decrease within the next 12 months. Any such change may be the result of either ongoing audits or the expiration of federal and state statutes of limitations for the assessment of taxes.
Minimum income tax on certain large corporations percentage as part of Inflation Reduction Act	15%
Excise tax percentage on corporate stock repurchases as part of Inflation Reduction Act	1%

Earnings Per Share (Schedule of

Earnings Per Share (Schedule of Earnings Per Share) (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Earnings Per Share [Abstract]
Net income attributable to the Company	$ 45.9	$ 97.9
Basic weighted-average shares	104.5	110.4
Effect of dilutive restricted stock units (“RSUs”)	0.3	0.4
Diluted weighted-average shares	104.8	110.8
Basic	$ 0.44	$ 0.89
Diluted	$ 0.44	$ 0.88

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Detail) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
RSUs
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from the weighted-average diluted common shares outstanding	333	12
PRSUs
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from the weighted-average diluted common shares outstanding	37

Employee Benefit Plans (Net Per

Employee Benefit Plans (Net Periodic Costs) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Defined Benefit Plan Net Periodic Benefit Cost [Abstract]
Interest costs	$ 2.5	$ 1.5
Amortization of net actuarial loss	0.5	1.5
Amortization of prior service cost	0	0.1
Net periodic costs	$ 3	$ 3.1

Employee Benefit Plans (Narrati

Employee Benefit Plans (Narrative) (Detail) - Unfunded Supplemental Benefit Plans $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Contribution for pension obligation	$ 3.7
Cash contribution to plans during the remainder	$ 12

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value of Assets Measured on Recurring Basis (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	$ 7,624.7	$ 8,169.6
Equity securities, estimated fair value	315.2	279.5
Mortgage loans held for sale	13.9	15.9
Total assets	7,953.8	8,465
U.S. Treasury bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	221.2	302.8
Municipal bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	1,249.1	1,478.7
Foreign government bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	196.1	193.7
Governmental agency bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	230.5	228.6
Governmental agency mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	4,444.9	4,602.4
U.S. corporate debt securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	838.3	921.4
Foreign corporate debt securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	444.6	442
Common Stock
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Equity securities, estimated fair value	303.9	268.1
Preferred Stock
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Equity securities, estimated fair value	11.3	11.4
Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	0	0
Equity securities, estimated fair value	315.2	279.5
Mortgage loans held for sale	0	0
Total assets	315.2	279.5
Level 1 | U.S. Treasury bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	0	0
Level 1 | Municipal bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	0	0
Level 1 | Foreign government bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	0	0
Level 1 | Governmental agency bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	0	0
Level 1 | Governmental agency mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	0	0
Level 1 | U.S. corporate debt securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	0	0
Level 1 | Foreign corporate debt securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	0	0
Level 1 | Common Stock
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Equity securities, estimated fair value	303.9	268.1
Level 1 | Preferred Stock
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Equity securities, estimated fair value	11.3	11.4
Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	7,624.7	8,169.6
Equity securities, estimated fair value	0	0
Mortgage loans held for sale	12.6	13.9
Total assets	7,637.3	8,183.5
Level 2 | U.S. Treasury bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	221.2	302.8
Level 2 | Municipal bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	1,249.1	1,478.7
Level 2 | Foreign government bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	196.1	193.7
Level 2 | Governmental agency bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	230.5	228.6
Level 2 | Governmental agency mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	4,444.9	4,602.4
Level 2 | U.S. corporate debt securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	838.3	921.4
Level 2 | Foreign corporate debt securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	444.6	442
Level 2 | Common Stock
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Equity securities, estimated fair value	0	0
Level 2 | Preferred Stock
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Equity securities, estimated fair value	0	0
Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	0	0
Equity securities, estimated fair value	0	0
Mortgage loans held for sale	1.3	2
Total assets	1.3	2
Level 3 | U.S. Treasury bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	0	0
Level 3 | Municipal bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	0	0
Level 3 | Foreign government bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	0	0
Level 3 | Governmental agency bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	0	0
Level 3 | Governmental agency mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	0	0
Level 3 | U.S. corporate debt securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	0	0
Level 3 | Foreign corporate debt securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Debt securities, Estimated fair value	0	0
Level 3 | Common Stock
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Equity securities, estimated fair value	0	0
Level 3 | Preferred Stock
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Equity securities, estimated fair value	$ 0	$ 0

Fair Value Measurements - Carry

Fair Value Measurements - Carrying Amounts and Estimated Fair Values of Financial Instruments Not Measured at Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Carrying Amount
Assets:
Cash and cash equivalents	$ 1,983.4	$ 1,223.5
Deposits with banks	53.5	63.4
Notes receivable, net	11.5	10.7
Secured financings receivable	595.3	422.7
Liabilities:
Secured financings payable	502.9	366.3
Notes and contracts payable	1,394.5	1,645.8
Estimated Fair Value
Assets:
Cash and cash equivalents	1,983.4	1,223.5
Deposits with banks	53	62.7
Notes receivable, net	11	10.6
Secured financings receivable	595.3	422.7
Liabilities:
Secured financings payable	502.9	366.3
Notes and contracts payable	1,210.7	1,404.4
Estimated Fair Value | Level 1
Assets:
Cash and cash equivalents	1,983.4	1,223.5
Deposits with banks	4.6	8.5
Notes receivable, net	0	0
Secured financings receivable	0	0
Liabilities:
Secured financings payable	0	0
Notes and contracts payable	0	0
Estimated Fair Value | Level 2
Assets:
Cash and cash equivalents	0	0
Deposits with banks	48.4	54.2
Notes receivable, net	0	0
Secured financings receivable	595.3	422.7
Liabilities:
Secured financings payable	502.9	366.3
Notes and contracts payable	1,207.6	1,400.6
Estimated Fair Value | Level 3
Assets:
Cash and cash equivalents	0	0
Deposits with banks	0	0
Notes receivable, net	11	10.6
Secured financings receivable	0	0
Liabilities:
Secured financings payable	0	0
Notes and contracts payable	$ 3.1	$ 3.8

Share-Based Compensation (Costs

Share-Based Compensation (Costs Associated with Share-Based Compensation Plans) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	$ 23	$ 43.3
RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	19	39.1
PRSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	1.8	2
Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	$ 2.2	$ 2.2

Share-Based Compensation (Summa

Share-Based Compensation (Summary of RSU and PRSU Activity) (Detail) - RSUs and PRSUs shares in Millions	3 Months Ended
	Mar. 31, 2023 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Roll Forward
Unvested at December 31, 2022 | shares	0.9
Granted during 2023 | shares	0.6
Vested during 2023 | shares	(0.6)
Unvested at March 31, 2023 | shares	0.9
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value Roll Forward
Unvested at December 31, 2022 | $ / shares	$ 63.01
Granted during 2023 | $ / shares	64.18
Vested during 2023 | $ / shares	62.66
Unvested at March, 2023 | $ / shares	$ 64.09

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Detail) shares in Millions	Mar. 31, 2023 shares
Incentive Compensation Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock that will be made available for grant, in shares	4.3
Amended Incentive Compensation Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock that will be made available for grant, in shares	6.5

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Detail) shares in Millions, $ in Millions	3 Months Ended	10 Months Ended
	Mar. 31, 2023 USD ($) shares	Mar. 31, 2023 USD ($) shares
Equity [Abstract]
Remaining authorized amount under stock repurchase program	$ 256.2	$ 256.2
Common stock repurchased, shares | shares	0.6	2.7
Purchase of Company, value	$ 30.4	$ 143.8
Maximum
Equity [Abstract]
Stock repurchase program, authorized amount	$ 400	$ 400

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (AOCI) - Components of Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated other comprehensive income (loss), net of tax, Beginning Balance	$ (868.9)
Change in unrealized gains (losses) on debt securities	146.5
Change in foreign currency translation adjustment	2.6
Amortization of net actuarial loss	0.5
Tax effect	(36.6)	$ 124.3
Accumulated other comprehensive income (loss), net of tax, Ending Balance	(755.9)
Unrealized Gains (Losses) on Debt Securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated other comprehensive income (loss), debt securities, available-for-sale, adjustment, after tax, Beginning Balance	(751.6)
Change in unrealized gains (losses) on debt securities	146.5
Tax effect	(36.4)	124.8
Accumulated other comprehensive income (loss), debt securities, available-for-sale, adjustment, after tax, Ending Balance	(641.5)
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated other comprehensive income (loss), foreign currency translation adjustment, net of tax, Beginning Balance	(82.1)
Change in foreign currency translation adjustment	2.6
Tax effect	0	$ 0
Accumulated other comprehensive income (loss), foreign currency translation adjustment, net of tax, Ending Balance	(79.5)
Pension Benefit Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated other comprehensive (income) Loss, defined benefit plan, after Tax, Beginning Balance	(35.2)
Amortization of net actuarial loss	0.5
Tax effect	(0.2)
Accumulated other comprehensive (income) Loss, defined benefit plan, after Tax, Ending Balance	$ (34.9)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Other Comprehensive Income (Loss) Reclassification Adjustments (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Accumulated Other Comprehensive Income Loss [Line Items]
Pretax change before reclassifications		$ 144.6	$ (494.8)
Reclassifications out of AOCI		5	2.3
Tax effect		(36.6)	124.3
Total other comprehensive income (loss), net of tax		113	(368.2)
Unrealized Gains (Losses) on Debt Securities
Accumulated Other Comprehensive Income Loss [Line Items]
Pretax change before reclassifications		142	(497.1)
Reclassifications out of AOCI		4.5	0.7
Tax effect		(36.4)	124.8
Total other comprehensive income (loss), net of tax		110.1	(371.6)
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income Loss [Line Items]
Pretax change before reclassifications		2.6	2.3
Reclassifications out of AOCI		0	0
Tax effect		0	0
Total other comprehensive income (loss), net of tax		2.6	2.3
Pension Benefit Adjustment
Accumulated Other Comprehensive Income Loss [Line Items]
Pretax change before reclassifications		0	0
Reclassifications out of AOCI	[1]	0.5	1.6
Tax effect		(0.2)	(0.5)
Total other comprehensive income (loss), net of tax		$ 0.3	$ 1.1
[1] Amounts are components of net periodic cost. See Note 11 Employee Benefit Plans for additional details.

Accumulated Other Comprehensi_5

Accumulated Other Comprehensive Income (Loss) - Reclassifications Out of AOCI (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amortization of net actuarial loss		$ (0.5)
Pretax total		(5)	$ (2.3)
Unrealized Gains (Losses) on Securities
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net realized (losses) gains on sales of debt securities		(4.5)	(0.7)
Tax effect		1.1	0.2
Pension Benefit Adjustment
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amortization of net actuarial loss	[1]	(0.5)	(1.5)
Amortization of prior service cost	[1]	0	(0.1)
Pretax total	[1]	(0.5)	(1.6)
Tax effect	[1]	$ 0.2	$ 0.5
[1] Amounts are components of net periodic cost. See Note 11 Employee Benefit Plans for additional details.

Segment Information (Narrative)

Segment Information (Narrative) (Detail)	3 Months Ended
	Mar. 31, 2023 State
Segment Reporting Information [Line Items]
Number of states issues title insurance policies	49
Number of states issues home warranty contracts	35

Segment Information (Schedule o

Segment Information (Schedule of Selected Financial Information) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Information [Line Items]
Revenues	$ 1,446.1	$ 2,033.7
Income (loss) before income taxes	59.6	129.8
Depreciation and amortization	45.5	41
Capital expenditures	67.5	49.6
Direct premiums and escrow fees	502.2	774.2
Agent premiums	590.4	947.8
Information and other	226.9	308.1
Net investment income (losses)	134	46.2
Net investment (gains) losses	(7.4)	(42.6)
Operating Segment
Segment Reporting Information [Line Items]
Revenues	1,446.1	2,033.7
Direct premiums and escrow fees	502.2	774.2
Agent premiums	590.4	947.8
Information and other	226.9	308.1
Net investment income (losses)	134	46.2
Net investment (gains) losses	(7.4)	(42.6)
Operating Segment | Title Insurance and Services
Segment Reporting Information [Line Items]
Revenues	1,348.6	1,997.3
Income (loss) before income taxes	88.2	219.5
Depreciation and amortization	44.2	39.7
Capital expenditures	66.3	48.8
Direct premiums and escrow fees	405.6	665.9
Agent premiums	590.4	947.8
Information and other	221.5	301.2
Net investment income (losses)	124.6	52.7
Net investment (gains) losses	6.5	29.7
Operating Segment | Home Warranty
Segment Reporting Information [Line Items]
Revenues	103.7	103.4
Income (loss) before income taxes	15.9	15.9
Depreciation and amortization	1.3	1.3
Capital expenditures	1.2	0.8
Direct premiums and escrow fees	96.6	101.1
Agent premiums	0	0
Information and other	5.5	2.8
Net investment income (losses)	1.4	1
Net investment (gains) losses	0.2	(1.5)
Operating Segment | Corporate and Eliminations
Segment Reporting Information [Line Items]
Revenues	(6.2)	(67)
Income (loss) before income taxes	(44.5)	(105.6)
Depreciation and amortization	0	0
Capital expenditures	0	0
Direct premiums and escrow fees	0	7.2
Agent premiums	0	0
Information and other	(0.1)	4.1
Net investment income (losses)	8	(7.5)
Net investment (gains) losses	$ (14.1)	$ (70.8)