First American Financial (FAF) 10-Q 23 Jul 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 17, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Trading Symbol	FAF
Entity Registrant Name	First American Financial Corp
Entity Central Index Key	1,472,787
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		108,643,523

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 1,269,660	$ 1,190,080
Accounts and accrued income receivable, net	275,336	276,610
Income taxes receivable	1,802	5,547
Investments:
Deposits with banks	17,972	21,445
Debt securities, includes pledged securities of $124,701 and $120,742	4,145,414	3,450,252
Equity securities	304,081	402,412
Other investments	160,795	159,783
Investments, Total	4,628,262	4,033,892
Property and equipment, net	394,060	395,287
Title plants and other indexes	547,059	530,589
Deferred income taxes	19,712	19,712
Goodwill	970,510	959,945
Other intangible assets, net	53,538	55,812
Other assets	193,613	198,626
Total assets	8,353,552	7,666,100
Liabilities and Equity
Deposits	2,965,293	2,332,714
Accounts payable and accrued liabilities	860,856	854,105
Deferred revenue	201,591	202,764
Reserve for known and incurred but not reported claims	956,786	1,011,780
Income taxes payable	33,869	6,228
Deferred income taxes	91,372	95,128
Notes and contracts payable	584,538	587,337
Total liabilities	$ 5,694,305	$ 5,090,056
Commitments and contingencies (Note 13)
Stockholders’ equity:
Preferred stock, $0.00001 par value; Authorized—500 shares;Outstanding—none
Common stock, $0.00001 par value; Authorized—300,000 shares; Outstanding—108,642 shares and 107,541 shares	$ 1	$ 1
Additional paid-in capital	2,130,552	2,109,712
Retained earnings	737,980	662,310
Accumulated other comprehensive loss	(212,124)	(199,106)
Total stockholders’ equity	2,656,409	2,572,917
Noncontrolling interests	2,838	3,127
Total equity	2,659,247	2,576,044
Total liabilities and equity	$ 8,353,552	$ 7,666,100

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Statement Of Financial Position [Abstract]
Pledged securities included in debt securities	$ 124,701	$ 120,742
Preferred stock, par value	$ 0.00001	$ 0.00001
Preferred stock, shares authorized	500,000	500,000
Preferred stock, outstanding	0	0
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares outstanding	108,642,000	107,541,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues
Direct premiums and escrow fees	$ 628,425	$ 531,123	$ 1,146,929	$ 964,995
Agent premiums	493,102	423,209	919,429	844,133
Information and other	170,530	165,703	317,178	303,345
Net investment income	27,864	23,659	48,422	41,426
Net realized investment gains	3,868	6,275	2,915	8,869
Total revenues	1,323,789	1,149,969	2,434,873	2,162,768
Expenses
Personnel costs	396,616	354,133	754,616	680,651
Premiums retained by agents	394,828	338,271	737,288	674,936
Other operating expenses	223,110	214,121	431,667	402,488
Provision for policy losses and other claims	122,870	128,466	224,424	218,349
Depreciation and amortization	21,463	19,780	42,317	39,752
Premium taxes	16,012	14,254	29,481	26,544
Interest	7,268	4,486	14,510	8,337
Total expenses	1,182,167	1,073,511	2,234,303	2,051,057
Income before income taxes	141,622	76,458	200,570	111,711
Income taxes	48,043	25,770	69,195	39,171
Net income	93,579	50,688	131,375	72,540
Less: Net income attributable to noncontrolling interests	232	94	396	222
Net income attributable to the Company	$ 93,347	$ 50,594	$ 130,979	$ 72,318
Net income per share attributable to the Company's stockholders (Note 8):
Basic	$ 0.86	$ 0.47	$ 1.21	$ 0.68
Diluted	0.85	$ 0.47	1.19	0.67
Cash dividends declared per share	$ 0.25		$ 0.50	$ 0.36
Weighted-average common shares outstanding (Note 8):
Basic	108,459	106,878	108,102	106,522
Diluted	109,796	108,647	109,586	108,423

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 93,579	$ 50,688	$ 131,375	$ 72,540
Other comprehensive income (loss), net of tax:
Unrealized (losses) gains on securities	(28,506)	14,039	(8,432)	26,239
Foreign currency translation adjustment	4,866	11,612	(13,794)	5,572
Pension benefit adjustment	4,601	3,892	9,202	7,783
Other comprehensive (loss) income, net of tax	(19,039)	29,543	(13,024)	39,594
Comprehensive income	74,540	80,231	118,351	112,134
Less: Comprehensive income attributable to noncontrolling interests	227	98	390	229
Comprehensive income attributable to the Company	$ 74,313	$ 80,133	$ 117,961	$ 111,905

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net income	$ 131,375	$ 72,540
Adjustments to reconcile net income to cash provided by operating activities:
Provision for policy losses and other claims	224,424	218,349
Depreciation and amortization	42,317	39,752
Amortization of premiums and accretion of discounts on debt securities, net	14,045	11,967
Excess tax benefits from share-based compensation	(8,417)	(5,827)
Net realized investment gains	(2,915)	(8,869)
Share-based compensation	15,563	12,519
Equity in earnings of affiliates, net	(4,880)	1,748
Dividends from equity method investments	5,940	3,471
Changes in assets and liabilities excluding effects of acquisitions and noncash transactions:
Claims paid, including assets acquired, net of recoveries	(251,542)	(240,144)
Net change in income tax accounts	37,875	33,493
Increase in accounts and accrued income receivable	(20,961)	(11,439)
Decrease in accounts payable and accrued liabilities	(26,188)	(74,174)
Decrease in deferred revenue	(955)	(5,017)
Other, net	11,262	(3,476)
Cash provided by operating activities	166,943	44,893
Cash flows from investing activities:
Net cash effect of acquisitions/dispositions	(25,929)	(166,354)
Net decrease (increase) in deposits with banks	2,959	(256)
Purchases of debt and equity securities	(1,207,037)	(592,381)
Proceeds from sales of debt and equity securities	344,170	386,744
Proceeds from maturities of debt securities	263,015	173,644
Net change in other investments	4,509	1,364
Net paydowns on loans receivable		14,914
Capital expenditures	(61,837)	(40,063)
Proceeds from sales of property and equipment	16,608	13
Cash used for investing activities	(663,542)	(222,375)
Cash flows from financing activities:
Net change in deposits	632,579	269,779
Net proceeds from issuance of debt		300,735
Repayment of debt	(2,623)	(156,476)
Net activity related to noncontrolling interests	(679)	(633)
Excess tax benefits from share-based compensation	8,417	5,827
Net payments in connection with share-based compensation plans	(4,328)	(911)
Cash dividends	(54,121)	(38,441)
Cash provided by financing activities	579,245	379,880
Effect of exchange rate changes on cash	(3,066)	4,024
Net increase in cash and cash equivalents	79,580	206,422
Cash and cash equivalents—Beginning of period	1,190,080	834,837
Cash and cash equivalents—End of period	1,269,660	1,041,259
Supplemental information:
Interest	14,664	8,346
Premium taxes	34,043	36,825
Income taxes, less refunds of $713 and $1,016	$ 30,973	$ 5,827

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Statement Of Cash Flows [Abstract]
Income taxes, refunds	$ 713	$ 1,016

Condensed Consolidated Stateme8

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - 6 months ended Jun. 30, 2015 - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Total stockholders' equity	Noncontrolling Interests
Balance value at Dec. 31, 2014	$ 2,576,044	$ 1	$ 2,109,712	$ 662,310	$ (199,106)	$ 2,572,917	$ 3,127
Balance shares at Dec. 31, 2014	107,541	107,541
Net income for six months ended June 30, 2015	$ 131,375			130,979		130,979	396
Dividends on common shares	(54,121)			(54,121)		(54,121)
Shares issued in connection with share-based compensation plans, value	4,089		5,277	(1,188)		4,089
Shares issued in connection with share-based compensation plans, shares		1,101
Share-based compensation expense	15,563		15,563			15,563
Net activity related to noncontrolling interests	(679)						(679)
Other comprehensive income (Note 12)	(13,024)				(13,018)	(13,018)	(6)
Balance value at Jun. 30, 2015	$ 2,659,247	$ 1	$ 2,130,552	$ 737,980	$ (212,124)	$ 2,656,409	$ 2,838
Balance shares at Jun. 30, 2015	108,642	108,642

Basis of Condensed Consolidated

Basis of Condensed Consolidated Financial Statements	6 Months Ended
	Jun. 30, 2015
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 (“SEC”) 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 Company’s Annual Report on Form 10-K for the year ended December 31, 2014. 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. Recently Adopted Accounting Pronouncements In April 2014, the Financial Accounting Standards Board (“FASB”) issued updated guidance which changes the criteria for determining which disposals are required to be presented as discontinued operations and modifies related disclosure requirements. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2014, with early adoption permitted. The adoption of this guidance had no impact on the Company’s condensed consolidated financial statements. Pending Accounting Pronouncements In May 2015, the FASB issued updated disclosure guidance related to short-duration contracts issued by insurance entities. The updated guidance is intended to increase the transparency of significant estimates made in measuring liabilities for unpaid claims and claim adjustment expenses and to provide additional insight into an insurance entity’s ability to underwrite and anticipate costs associated with claims. The updated guidance is effective for annual reporting periods beginning after December 15, 2015 and for interim periods within annual periods beginning after December 15, 2016, with early adoption permitted. Except for the disclosure requirements, the Company does not expect the adoption of this guidance to impact its condensed consolidated financial statements . In May 2015, the FASB issued updated guidance intended to eliminate the diversity in practice surroun ding how investments measured at net asset value under the practical expedient with future redemption dates have been categorized in the fair value hierarchy. Under the updated guidance, investments for which fair value is measured at net asset value per share using the practical expedient should no longer be categorized in the fair value hierarchy. The updated guidance requires retrospective adoption for all periods presented and is effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted. Except for the disclosure requirements, the Company does not expect the adoption of this guidance to impact its condensed consolidated financial statements . In April 2015, the FASB issued updated guidance intended to c larify the accounting treatment for cloud computing arrangements that include software licenses. Under the updated guidance, if a cloud computing arrangement includes a software license, the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted. The Company does not expect the adoption of this guidance to have a material impact on its condensed consolidated financial statements. In April 2015, the FASB issued updated guidance intended to simplify, and provide consistency to, the presentation of debt issuance costs. The new standard requires that debt issuance costs be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability, consistent with debt discounts. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted. The Company does not expect the adoption of this guidance to have a material impact on its condensed consolidated financial statements. In February 2015, the FASB issued updated guidance which changes the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted. The Company expects the adoption of this guidance to have no impact on its condensed consolidated financial statements. In June 2014, the FASB issued updated guidance intended to eliminate the diversity in practice regarding share-based payment awards that include terms which provide for a performance target that affects vesting being achieved after the requisite service period. The new standard requires that a performance target which affects vesting and could be achieved after the requisite service period be treated as a performance condition that affects vesting and should not be reflected in estimating the grant-date fair value. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted. The Company expects the adoption of this guidance to have no impact on its condensed consolidated financial statements. In May 2014, the FASB issued updated guidance for recognizing revenue from contracts with customers to provide a single, comprehensive revenue recognition model for all contracts with customers to improve comparability within and across industries, and across capital markets. The new revenue standard contains principles that an entity will apply to determine the measurement of revenue and the timing of recognition. The underlying principle is that an entity will recognize revenue to depict the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. Revenue from insurance contracts is not within the scope of this guidance. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 201 7 , with early adoption prohibited. The Company is currently assessing the impact of the new guidance on its condensed co nsolidated financial statements .

Escrow Deposits, Like-Kind Exch

Escrow Deposits, Like-Kind Exchange Deposits and Trust Assets	6 Months Ended
	Jun. 30, 2015
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Escrow Deposits, Like-Kind Exchange Deposits and Trust Assets	Note 2 – Escrow Deposits, Like-kind Exchange Deposits and Trust Assets The Company administers escrow deposits and trust assets as a service to its customers. Escrow deposits totaled $ 7.9 billion and $ 6.3 billion at June 30 , 2015 and December 31, 2014, respectively, of which $ 2.8 billion and $ 2.2 billion, respectively, were held at the Company’s federal savings bank subsidiary, First American Trust, FSB. The escrow deposits held at First American Trust, FSB are temporarily invested in cash and cash equivalents and debt and equity securities, with offsetting liabilities included in deposits in the accompanying condensed consolidated balance sheets. The remaining escrow deposits were held at third-party financial institutions. Trust assets held or managed by First American Trust, FSB totaled $ 3.1 billion and $ 3.0 billion at June 30 , 2015 and December 31, 2014, respectively. 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. However, 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, including investment programs and vendor services arrangements with various financial institutions. The effects of these programs are included in the condensed consolidated financial statements as income or a reduction in expense, as appropriate, 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 held by the Company totaled $ 2.5 billion and $ 2.4 billion at June 30 , 2015 and December 31, 2014, 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 return s on such proceeds.

Debt and Equity Securities

Debt and Equity Securities	6 Months Ended
	Jun. 30, 2015
Investments Debt And Equity Securities [Abstract]
Debt and Equity Securities	Note 3 – Debt and Equity Securities I nvestments in debt securities, all of which are classified as available-for-sale, are as follows: (in thousands) Amortized cost Gross unrealized Estimated fair value Gains Losses June 30 , 2015 U.S. Treasury bonds $ 102,861 $ 569 $ ( 1,610 ) $ 101,820 Municipal bonds 669,164 8,886 ( 3,009 ) 675,041 Foreign bonds 189,499 3,002 ( 53 ) 192,448 Governmental agency bonds 419,150 1,004 ( 2,425 ) 417,729 Governmental agency mortgage-backed securities 2,016,851 6,986 ( 10,652 ) 2,013,185 Corporate debt securities 747,25 6 6,307 ( 8,372 ) 745,19 1 $ 4,144,78 1 $ 26,754 $ ( 26,121 ) $ 4,145,41 4 December 31, 2014 U.S. Treasury bonds $ 64,195 $ 968 $ (181 ) $ 64,982 Municipal bonds 577,703 10,981 (1,007 ) 587,677 Foreign bonds 194,749 2,009 (8 ) 196,750 Governmental agency bonds 198,330 1,562 (2,018 ) 197,874 Governmental agency mortgage-backed securities 1,812,766 8,491 (9,095 ) 1,812,162 Non-agency mortgage-backed securities 15,949 1,306 (717 ) 16,538 Corporate debt securities 568,774 8,759 (3,264 ) 574,269 $ 3,432,466 $ 34,076 $ (16,290 ) $ 3,450,252 I nvestments in equity securities, all of which are classified as available-for-sale, are as follows: Cost Gross unrealized Estimated fair value (in thousands) Gains Losses June 30 , 2015 Preferred stocks $ 19,578 $ 688 $ ( 1,225 ) $ 19,041 Common stocks 271,551 17,876 ( 4,387 ) 285,040 $ 291,129 $ 18,564 $ ( 5,612 ) $ 304,081 December 31, 2014 Preferred stocks $ 14,976 $ 596 $ (47 ) $ 15,525 Common stocks 378,938 16,680 (8,731 ) 386,887 $ 393,914 $ 17,276 $ (8,778 ) $ 402,412 Sales of debt and equity securities resulted in realized gains of $ 1.5 million and $ 8.0 million and realized losses of $ 0.4 million and $ 0.6 million for the three months ended June 30, 2015 and 2014, respectively, and realized gains of $ 5.1 million and $ 14.6 million and realized losses of $ 6.6 million and $ 4.3 million for the six months ended June 30, 2015 and 2014, respectively. G ross unrealized losses on investments in debt and equity securities are as follows : Less than 12 months 12 months or longer Total (in thousands) Estimated fair value Unrealized losses Estimated fair value Unrealized losses Estimated fair value Unrealized losses June 30 , 2015 Debt securities: U.S. Treasury bonds $ 56,754 $ ( 1,580 ) $ 11,012 $ ( 30 ) $ 67,766 $ ( 1,610 ) Municipal bonds 248,986 ( 2,807 ) 12,983 ( 202 ) 261,969 ( 3,009 ) Foreign bonds 7,713 ( 53 ) — — 7,713 ( 53 ) Governmental agency bonds 237,630 ( 2,005 ) 44,764 ( 420 ) 282,394 ( 2,425 ) Governmental agency mortgage-backed securities 797,995 ( 5,197 ) 179,534 ( 5,455 ) 977,529 ( 10,652 ) Corporate debt securities 312,517 ( 7,751 ) 17,861 ( 621 ) 330,378 ( 8,372 ) Total debt securities 1,661,595 ( 19,393 ) 266,154 ( 6,728 ) 1,927,749 ( 26,121 ) Equity securities 107,681 ( 3,833 ) 17,551 ( 1,779 ) 125,232 ( 5,612 ) Total $ 1,769,276 $ ( 23,226 ) $ 283,705 $ ( 8,507 ) $ 2,052,981 $ ( 31,733 ) December 31, 2014 Debt securities: U.S. Treasury bonds $ 8,122 $ (27 ) $ 15,124 $ (154 ) $ 23,246 $ (181 ) Municipal bonds 137,755 (689 ) 19,625 (318 ) 157,380 (1,007 ) Foreign bonds 6,215 (8 ) — — 6,215 (8 ) Governmental agency bonds 27,479 (88 ) 127,936 (1,930 ) 155,415 (2,018 ) Governmental agency mortgage-backed securities 383,717 (1,612 ) 300,918 (7,483 ) 684,635 (9,095 ) Non-agency mortgage-backed securities — — 5,611 (717 ) 5,611 (717 ) Corporate debt securities 198,079 (3,151 ) 9,683 (113 ) 207,762 (3,264 ) Total debt securities 761,367 (5,575 ) 478,897 (10,715 ) 1,240,264 (16,290 ) Equity securities 208,922 (8,587 ) 2,340 (191 ) 211,262 (8,778 ) Total $ 970,289 $ (14,162 ) $ 481,237 $ (10,906 ) $ 1,451,526 $ (25,068 ) Investments in debt securities at June 30 , 2015, by contractual maturities, are as follows: (in thousands) Due in one year or less Due after one through five years Due after five through ten years Due after ten years Total U.S. Treasury bonds Amortized cost $ 3,680 $ 69,082 $ 13,615 $ 16,484 $ 102,861 Estimated fair value $ 3,738 $ 69,157 $ 13,512 $ 15,413 $ 101,820 Municipal bonds Amortized cost $ 37,237 $ 278,179 $ 220,717 $ 133,031 $ 669,164 Estimated fair value $ 37,389 $ 280,146 $ 223,300 $ 134,206 $ 675,041 Foreign bonds Amortized cost $ 48,442 $ 126,251 $ 11,652 $ 3,154 $ 189,499 Estimated fair value $ 48,788 $ 128,657 $ 11,834 $ 3,169 $ 192,448 Governmental agency bonds Amortized cost $ 12,293 $ 354,761 $ 28,247 $ 23,849 $ 419,150 Estimated fair value $ 12,312 $ 353,776 $ 28,418 $ 23,223 $ 417,729 Corporate debt securities Amortized cost $ 19,668 $ 289,397 $ 370,973 $ 67,218 $ 747,256 Estimated fair value $ 19,900 $ 292,130 $ 368,710 $ 64,451 $ 745,191 Total debt securities excluding mortgage-backed securities Amortized cost $ 121,320 $ 1,117,670 $ 645,204 $ 243,736 $ 2,127,930 Estimated fair value $ 122,127 $ 1,123,866 $ 645,774 $ 240,462 $ 2,132,229 Total mortgage-backed securities Amortized cost $ 2,016,851 Estimated fair value $ 2,013,185 Total debt securities Amortized cost $ 4,144,781 Estimated fair value $ 4,145,414 Mortgage-backed securities, which include contractual terms to maturity, are not categorized by contractual maturity because borrowers may have the right to call or prepay such obligations with or without call or prepayment penalties.

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2015
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	Note 4 – Goodwill A summary of the changes in the carrying amount of goodwill, by operating segment, for the six months ended June 30 , 2015, is as follows: (in thousands) Title Insurance and Services Specialty Insurance Total Balance as of December 31, 2014 $ 913,180 $ 46,765 $ 959,945 Acquisitions 14,183 — 14,183 Foreign currency translation ( 3,61 8 ) — ( 3,61 8 ) Balance as of June 30 , 2015 $ 923,74 5 $ 46,765 $ 970,5 10 The Company’s four reporting units for purposes of assessing impairment are title insurance, home warranty, property and casualty insurance and trust and other services. During the six months ended June 30 , 2015 there were no triggering events that would require an impairment analysis. There is no accumulated impairment for goodwill as the Company has never recognized impairment to any of its reporting units.

Other Intangible Assets

Other Intangible Assets	6 Months Ended
	Jun. 30, 2015
Goodwill And Intangible Assets Disclosure [Abstract]
Other Intangible Assets	Note 5 – Other Intangible Assets Other intangible assets consist of the following: (in thousands) June 30 , 2015 December 31, 2014 Finite-lived intangible assets: Customer relationships $ 95,788 $ 94,850 Noncompete agreements 27,631 27,286 Trademarks 9,398 11,241 Patents 2,840 2,840 135,657 136,217 Accumulated amortization ( 98,996 ) (97,282 ) 36,661 38,935 Indefinite-lived intangible assets: Licenses 16,877 16,877 $ 53,538 $ 55,812 Amortization expense for finite-lived intangible assets was $ 2.4 million and $ 4.8 million for the three and six months ended June 30 , 2015, respectively , and $ 2.2 million and $ 5.2 million for the three and six months ended June 30, 2014, respectively . Estimated amortization expense for finite-lived intangible assets for the next five years is as follows: Year (in thousands) Remainder of 2015 $ 4,582 2016 $ 8,511 2017 $ 7,250 2018 $ 4,797 2019 $ 4,004 2020 $ 2,162

Reserve for Known and Incurred

Reserve for Known and Incurred but Not Reported Claims	6 Months Ended
	Jun. 30, 2015
Insurance Loss Reserves [Abstract]
Reserve for Known and Incurred but Not Reported Claims	Note 6 – Reserve for Known and Incurred But Not Reported Claims A summary of the Company’s loss reserves is as follows: (in thousands, except percentages) June 30 , 2015 December 31, 2014 Known title claims $ 93,230 9.7 % $ 165,330 16.3 % Incurred but not reported claims 812,140 84.9 % 802,069 79.3 % Total title claims 905,370 94.6 % 967,399 95.6 % Non-title claims 51,416 5.4 % 44,381 4.4 % Total loss reserves $ 956,786 100.0 % $ 1,011,780 100.0 % The Company’s reserve for known title claims was $ 93.2 million at June 30 , 2015, a decline of $ 72.1 million, or 43.6 %, from the balance at December 31, 2014. This decline is primarily attributable to settlement payments associated with certain large claims during the first quarter of 2015. The reserve for known title claims associated with these claims recorded at December 31, 2014 was $ 56.0 million. The Company paid $ 35.0 million, net of $ 21.0 million recovered through reinsurance, during the first quarter of 2015 to settle these claims. The provision for title insurance losses, expressed as a percentage of title insurance premiums and escrow fees, was 6.5 % for the three and six months ended June 30 , 2015 and 8.9 % and 7.5 % for the three and six months ended June 30, 2014, respectively . The current quarter rate of 6.5 % reflects the ultimate loss rate of 6.0 % for the current policy year and a $ 5.1 million net increase in the loss reserve estimates for prior policy years. The second quarter of 2014 rate of 8.9 % reflected the ultimate loss rate of 6.0 % for the 2014 policy year and a $ 25.1 million net increase in the loss reserve estimates for prior policy years. The increase in loss reserve estimates for prior policy years was primarily related to a large commercial claim from policy year 2007, net of anticipated recoveries.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Note 7 – Income Taxes The Company’s effective income tax rate (income tax expense as a percentage of income before income taxes) was 33. 9 % and 34. 5 % for the three and six months ended June 30 , 2015, respectively , and 33.7 % and 35.1 % for the three and six months ended June 30, 2014, respectively . The differences in the effective tax rates were primarily due to changes in the ratio of permanent differences to income before income taxes, changes in state and foreign income taxes resulting from fluctuations in the Company’s noninsurance and foreign subsidiaries’ contribution to pretax profits and changes in the liability related to tax positions on the Company’s tax returns recorded in 2014. In connection with the Company’s June 2010 spin-off from its prior parent, which subsequently assumed the name CoreLogic , Inc. (“ CoreLogic ”), it entered into a tax sharing agreement which governs the Company’s and CoreLogic’s respective rights, responsibilities and obligations for certain tax related matters. At June 30 , 2015 and December 31, 2014, the Company had a net payable to CoreLogic of $ 35.6 million and $ 35.1 million, respectively, related to tax matters prior to the spin-off. This amount is included in the Company’s condensed consolidated balance sheets in accounts payable and accrued liabilities. The increase during the current year was primarily the result of an additional accrual for tax matters prior to the spin-off. The Company evaluates the realizability of its deferred tax assets by assessing the v aluation allowance and adjusts the allowance, if necessary. The factors used to assess the likelihood of realization are the Company’s forecast of future taxable income and available tax planning strategies that could be implemented to realize the net deferred tax assets. The ability or failure to achieve the forecasted taxable income in the applicable taxing jurisdictions could affect the ultimate realization of 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 in the next 12 months. As of June 30 , 2015 and December 31, 2014, the liability for income taxes associated with uncertain tax positions was $ 24.2 million and $ 24.1 million , respectively . The net increase in the liability during 2015 was primarily attributable to activity related to examinations conducted by various taxing authorities. As of June 30 , 2015 and De cember 31, 2014, the liability could be reduced by $ 3.4 million of offsetting tax benefits associated with the correlative effects of potential adjustments including timing adjustments and sta te income taxes. The net amount s of $ 20.8 million and $ 20.7 million as of June 30 , 2015 and December 31, 2014, respectively, if recognized, would favorably affect the Company’s effective tax rate. The Company’s continuing practice is to recognize interest and penalties, if any, related to uncertain tax positions in income tax expense. As of June 30 , 2015 and December 31, 2014, the Company had accrued $ 9.3 million and $ 8.9 million, respectively, of interest and penalties (net of tax benefits of $ 3.9 million and $ 3.7 million, respectively) related to uncertain tax positions. It is reasonably possible that the amount of the unrecognized benefit with respect to certain of the Company’s unrecognized tax positions may significantly decrease within the next 12 months. Thes e changes may be the result of 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 various non-U.S. jurisdictions. The primary non-federal jurisdictions are California, Canada, India and the United Kingdom. The Company is no longer subject to U.S. federal, state and non-U.S. income tax examinations by taxing authorities for years prior to 2005.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share	Note 8 – Earnings Per Share The computation of basic and diluted earnings per share is as follows: Three Months Ended June 30, Six Months Ended June 30, (in thousands, except per share amounts) 2015 2014 2015 2014 Numerator Net income attributable to the Company $ 93,347 $ 50,594 $ 130,979 $ 72,318 Less: dividends and undistributed earnings allocated to unvested restricted stock units (“RSUs”) 88 123 15 0 176 Net income allocated to common stockholders $ 93,259 $ 50,471 $ 130,829 $ 72,142 Denominator Basic weighted-average shares 108,459 106,878 108,102 106,522 Effect of dilutive employee stock options and RSUs 1,337 1,769 1,484 1,901 Diluted weighted-average shares 109,796 108,647 109,586 108,423 Net income per share attributable to the Company’s stockholders Basic $ 0. 86 $ 0.47 $ 1.2 1 $ 0.68 Diluted $ 0. 85 $ 0. 47 $ 1. 19 $ 0.67 RSUs excluded from weighted-average diluted common shares outstanding due to their antidilutive effect totaled 4 thousand and 2 thousand for the three and six months ended June 30, 2015, respectively . Stock options and RSUs excluded from weighted-average diluted common shares outstanding due to their antidilutive effect f or the three and six months ended June 30 , 2014 totaled 134 thousand and 133 thousand, respectively .

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
	Jun. 30, 2015
Compensation And Retirement Disclosure [Abstract]
Employee Benefit Plans	Note 9 – Employee Benefit Plans Net periodic cost related to the Company’s defined benefit pension and supplemental benefit plans during the three and six months ended June 30 , 2015 and 2014 includes the following components: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2015 2014 2015 2014 Expense: Service costs $ 390 $ 329 $ 780 $ 658 Interest costs 7,009 6,956 14,018 13,912 Expected return on plan assets ( 5,448 ) ( 4,694 ) ( 10,896 ) ( 9,388 ) Amortization of net actuarial loss 8,492 7,407 16,984 14,814 Amortization of prior service credit ( 1,041 ) ( 1,038 ) ( 2,082 ) ( 2,076 ) $ 9,402 $ 8,960 $ 18,804 $ 17,920 The Company contributed $ 17.7 million to the defined benefit pension and supplemental benefit plans during the six months ended June 30 , 2015 and expects to contribute an additional $ 18.1 million during the remainder of 2015. T hese contributions include those required by funding regulations as well as discretionary contributions necessary to provide benefit payments to participants of certain of the Company’s non-qualified supplemental benefit plans.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 10 – Fair Value Measurements Certain of the Company’s assets 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. Assets measured at fair value on a recurring basis The valuation techniques and inputs used by the Company to estimate the fair value of assets measured on a recurring basis, are summarized as follows: Debt securities The fair value s of debt securities w ere based on the market values obtained from independent pricing services that were evaluated using pricing models that vary by asset class and incorporate available trade, bid and other market information and price quotes from well-established independent broker-dealers. The independent pricing services monitor market indicators, industry and economic events, and for broker-quoted only securities, obtain quotes from market makers or broker-dealers that they recognize to be market participants. The pricing services utilize the market approach in determining the fair value of the debt securities held by the Company. The Company obtains an understanding of the valuation models and assumptions utilized by the services and has controls in place to determine that the values provided represent fair value. The Company’s validation procedures include comparing prices received from the pricing services to quotes received from other third party sources for certain securities with market prices that are readily verifiable. If the price comparison results in differences over a predefined threshold, the Company will assess the reasonableness of the changes relative to prior periods given the prevailing market conditions and assess changes in the issuers’ credit worthiness, performance of any underlying collateral and prices of the instrument relative to similar issuances. To date, the Company has not made any material adjustments to the fair value measurements provided by the pricing services. Typical inputs and assumptions to pricing models used to value the Company’s U.S. Treasury bonds, municipal bonds, foreign bonds, governmental agency bonds, governmental agency mortgage-backed securities and corporate debt securities include, but are not limited to, benchmark yields, reported trades, broker-dealer quotes, credit spreads, credit ratings, bond insurance (if applicable), benchmark securities, bids, offers, reference data and industry and economic events. For mortgage-backed securities, inputs and assumptions may also include the structure of issuance, characteristics of the issuer, collateral attributes and prepayment speeds. Non-agency mortgage-backed securities and certain corporate debt securities were not actively traded and there were fewer observable inputs available requiring the pricing services to use more judgment in determining their fair values, which resulted in their classification as Level 3. Equity securities The fair value s of equity securities, including preferred and common stocks, were based on quoted market prices for identical assets that are readily and regularly available in an active market. The following table presents the fair value s of the Company’s assets measured on a recurring basis as of June 30 , 2015 and December 31, 2014: (in thousands) Total Level 1 Level 2 Level 3 June 30 , 2015 Assets: Debt securities: U.S. Treasury bonds $ 101,820 $ — $ 101,820 $ — Municipal bonds 675,041 — 675,041 — Foreign bonds 192,448 — 192,448 — Governmental agency bonds 417,729 — 417,729 — Governmental agency mortgage-backed securities 2,013,185 — 2,013,185 — Corporate debt securities 745,191 — 733,833 11,358 4,145,414 — 4,134,056 11,358 Equity securities: Preferred stocks 19,041 19,041 — — Common stocks 285,040 285,040 — — 304,081 304,081 — — Total assets $ 4,449,495 $ 304,081 $ 4,134,056 $ 11,358 (in thousands) Total Level 1 Level 2 Level 3 December 31, 2014 Assets: Debt securities: U.S. Treasury bonds $ 64,982 $ — $ 64,982 $ — Municipal bonds 587,677 — 587,677 — Foreign bonds 196,750 — 196,750 — Governmental agency bonds 197,874 — 197,874 — Governmental agency mortgage-backed securities 1,812,162 — 1,812,162 — Non-agency mortgage-backed securities 16,538 — — 16,538 Corporate debt securities 574,269 — 574,269 — 3,450,252 — 3,433,714 16,538 Equity securities: Preferred stocks 15,525 15,525 — — Common stocks 386,887 386,887 — — 402,412 402,412 — — Total assets $ 3,852,664 $ 402,412 $ 3,433,714 $ 16,538 There were no transfers between Levels 1 and 2 during the three and six months ended June 30 , 2015 and 2014. Transfers into or out of the Level 3 category occur when unobservable inputs become more or less significant to the fair value measurement. For the three and six months ended June 30, 2015 transfers between Level 2 and Level 3 were based on market liquidity and related transparency of pricing and associated observable inputs for certain of the Company’s corporate debt securities. There were no transfers in or out of Level 3 during the three and six months ended June 30, 2014. The Company’s policy is to recognize transfers between levels in the fair value hierarchy at the end of the reporting period. The following table presents a summary of the changes in the fair value s of Level 3 assets measured on a recurring basis for the three months ended June 30 , 2015 and 2014: (in thousands) June 30, 2015 June 30, 2014 Corporate debt securities Non-agency mortgage-backed securities Fair value at beginning of period $ 32,566 $ 18,646 T ransfers in to Level 3 2,504 — Transfers out of Level 3 (26,083 ) — Net realized and unrealized gains (losses) : Included in earnings: Net r ealized investment losses (43 ) — Net other-than-temporary impairment losses — (515 ) Included in other comprehensive income (loss) (205 ) 223 Purchases 4,488 — Sales ( 481 ) — Settlements ( 1,388 ) (360 ) Fair value at end of period $ 11,358 $ 17,994 Unrealized gains (losses) included in earnings for the period relating to Level 3 assets that were still held at the end of the period: Net other-than-temporary impairment losses $ — $ (515 ) The following table presents a summary of the changes in the fair value s of Level 3 assets measured on a recurring basis for the six months ended June 30, 2015 and 2014: (in thousands) June 30 , 2015 June 30 , 2014 Corporate debt securities Non-agency mortgage-backed securities Total Non-agency mortgage-backed securities Fair value at beginning of period $ — $ 16,538 $ 16,538 $ 19,022 Transfers into Level 3 2,504 — 2,504 — Transfers out of Level 3 (26,083 ) — (26,083 ) — Net realized and unrealized gains (losses) : Included in earnings: Net r ealized investment losses (41 ) ( 1,015 ) ( 1,056 ) — Net other-than-temporary impairment losses — — — (1,033 ) Included in other comprehensive income (loss) 44 ( 589 ) ( 545 ) 689 Purchases 37,045 — 37,045 — Sales ( 653 ) ( 14,934 ) ( 15,587 ) — Settlements ( 1,458 ) — ( 1,458 ) (684 ) Fair value at end of period $ 11,358 $ — $ 11,358 $ 17,994 Unrealized gains (losses) included in earnings for the period relating to Level 3 assets that were still held at the end of the period: Net other-than-temporary impairment losses $ — $ — $ — $ (1,033 ) Financial instruments not measured at fair value In estimating the fair value s of its financial instruments not measured at fair value, the Company used the following methods and assumptions: Cash and cash equivalents The carrying amount for cash and cash equivalents is a reasonable estimate of fair value due to the short-term maturity of these investments. Deposits with banks The fair value of deposits with banks is estimated based on rates currently offered for deposits of similar remaining maturities, where applicable. Notes receivable, net The fair value of notes receivable, net is estimated based on the discounted value of the future cash flows using approximate current market rates being offered for notes with similar maturities and similar credit quality. Deposits The carrying value of escrow and other deposit accounts approximates fair value due to the short-term nature of this liability. Notes and contracts payable The fair value of notes and contracts payable is estimated based on current rates offered to the Company for debt of the same remaining maturities. The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments not measured at fair value as of June 30 , 2015 and December 31, 2014: Carrying Estimated fair value (in thousands) Amount Total Level 1 Level 2 Level 3 June 30 , 2015 Assets: Cash and cash equivalents $ 1,269,660 $ 1,269,660 $ 1,269,660 $ — $ — Deposits with banks $ 17,972 $ 18,033 $ 3,563 $ 14,470 $ — Notes receivable, net $ 6, 177 $ 4,428 $ — $ — $ 4,428 Liabilities: Deposits $ 2,965,293 $ 2,965,293 $ 2,965,293 $ — $ — Notes and contracts payable $ 584,538 $ 588,949 $ — $ 583,838 $ 5,111 Carrying Estimated fair value (in thousands) Amount Total Level 1 Level 2 Level 3 December 31, 2014 Assets: Cash and cash equivalents $ 1,190,080 $ 1,190,080 $ 1,190,080 $ — $ — Deposits with banks $ 21,445 $ 21,540 $ 4,068 $ 17,472 $ — Notes receivable, net $ 6,130 $ 3,930 $ — $ — $ 3,930 Liabilities: Deposits $ 2,332,714 $ 2,332,714 $ 2,332,714 $ — $ — Notes and contracts payable $ 587,337 $ 595,087 $ — $ 588,542 $ 6,545

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Compensation	Note 11 – Share-Based Compensation The following table presents compensation expense associated with the Company’s share-based compensation plans: Three Months Ended June 30 , Six Months Ended June 30, (in thousands) 2015 2014 2015 2014 Expense: RSUs $ 4,117 $ 3,091 $ 14,219 $ 11,365 Stock options 68 68 135 135 Employee stock purchase plan 520 (38 ) 1,209 1,019 $ 4,705 $ 3,121 $ 15,563 $ 12,519 The following table summarizes RSU activity for the six months ended June 30 , 2015: (in thousands, except weighted-average grant-date fair value) Shares Weighted-average grant-date fair value RSUs unvested at December 31, 2014 2,337 $ 21.21 Granted during 2015 721 $ 34.76 Vested during 2015 ( 947 ) $ 18.12 Forfeited during 2015 ( 20 ) $ 28.04 RSUs unvested at June 30, 2015 2,091 $ 27.22 The following table summarizes stock option activity for the six months ended June 30 , 2015: (in thousands, except weighted-average exercise price and contractual term) Number outstanding Weighted- average exercise price Weighted- average remaining contractual term Aggregate intrinsic value Balance at December 31, 2014 686 $ 20.18 Exercised during 2015 ( 290 ) $ 16.59 Balance at June 30, 2015 396 $ 22.82 3.1 years $ 5,693 Vested and expected to vest at June 30, 2015 396 $ 22.82 3.1 years $ 5,693 Exercisable at June 30, 2015 296 $ 21.19 1.3 years $ 4,745

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2015
Accumulated Other Comprehensive Income Other Comprehensive Income [Abstract]
Accumulated Other Comprehensive Income (Loss)	Note 12 – Accumulated Other Comprehensive Income (Loss) Changes in the balances of each component of accumulated other comprehensive income (loss) for the six months ended June 30 , 2015 are as follows: (in thousands) Unrealized gains (losses) on securities Foreign currency translation adjustment Pension benefit adjustment Accumulated other comprehensive income (loss) Balance at December 31, 2014 $ 10,911 $ (20,420 ) $ (189,580 ) $ (199,089 ) Change in unrealized gains (losses) on securities ( 12,699 ) — — ( 12,699 ) Change in foreign currency translation adjustments — ( 13, 794 ) — ( 13, 794 ) Amortization of net actuarial loss — — 16,984 16,984 Amortization of prior service cost — — ( 2,082 ) ( 2,082 ) Tax effect 4,267 — ( 5,700 ) (1, 4 3 3 ) Balance at June 30 , 2015 $ 2,47 9 $ ( 3 4,214 ) $ ( 180,378 ) $ ( 212,11 3 ) Allocated to the Company $ 2, 46 8 $ ( 3 4,214 ) $ ( 180,378 ) $ ( 212,12 4 ) Allocated to noncontrolling interests 11 — — 11 Balance at June 30 , 2015 $ 2, 47 9 $ ( 3 4,214 ) $ ( 180,378 ) $ ( 212,11 3 ) The following table presents the other comprehensive income (loss) reclassification adjustments for the three months ended June 30, 2015 and 2014: (in thousands) Unrealized gains (losses) on securities Foreign currency translation adjustment Pension benefit adjustment Total other comprehensive income (loss) Three Months Ended June 30, 2015 Pretax change before reclassifications $ ( 42,784 ) $ 4,866 $ — $ ( 3 7,918 ) Reclassifications out of AOCI (1,039 ) — 7,451 6,412 Tax effect 15,317 — ( 2,850 ) 12,4 67 Total other comprehensive income (loss), net of tax $ (28, 50 6 ) $ 4,866 $ 4,601 $ ( 19,0 39 ) Three Months Ended June 30, 2014 Pretax change before reclassifications $ 29,818 $ 11,612 $ — $ 41,430 Reclassifications out of AOCI (6,840 ) — 6,369 (471 ) Tax effect (8,939 ) — (2,477 ) (11,416 ) Total other comprehensive income (loss), net of tax $ 14,039 $ 11,612 $ 3,892 $ 29,543 The following table presents the other comprehensive income (loss) reclassification adjustments for the six months ended June 30 , 2015 and 2014: (in thousands) Unrealized gains (losses) on securities Foreign currency translation adjustment Pension benefit adjustment Total other comprehensive income (loss) Six Months Ended June 30 , 2015 Pretax change before reclassifications $ (14, 351 ) $ ( 13, 794 ) $ — $ ( 28,145 ) Reclassifications out of AOCI 1,652 — 14,902 16,554 Tax effect 4, 2 6 7 — ( 5,700 ) ( 1, 4 3 3 ) Total other comprehensive income (loss), net of tax $ (8, 43 2 ) $ ( 13, 794 ) $ 9,202 $ ( 13,02 4 ) Six Months Ended June 30 , 2014 Pretax change before reclassifications $ 51,953 $ 5,572 $ — $ 57,525 Reclassifications out of AOCI (9,009 ) — 12,738 3,729 Tax effect (16,705 ) — (4,955 ) (21,660 ) Total other comprehensive income (loss), net of tax $ 26,239 $ 5,572 $ 7,783 $ 39,594 The following table presents the effect of the reclassifications out of accumulated other comprehensive income (loss) on the respective line items in the condensed consolidated statements of income: Amounts reclassified from accumulated other comprehensive income (loss) (in thousands) Three Months Ended June 30, Six Months Ended June 30, Affected line items in the condensed 2015 2014 2015 2014 consolidated statements of income Unrealized gains (losses) on securities: Net realized gains (losses) on sales of securities $ 1,039 $ 7,355 $ (1,652 ) $ 10,042 Net realized investment gains Net other-than-temporary impairment losses — (515 ) — (1,033 ) Net realized investment gains Pretax total $ 1,039 $ 6,840 $ (1,652 ) $ 9,009 Tax effect $ ( 3 6 3 ) $ (2,661 ) $ 555 $ (3,505 ) Pension benefit adjustment: Amortization of defined benefit pension and supplemental benefit plan items: Net actuarial loss ( 8,492 ) (7,407 ) ( 16,984 ) (14,814 ) (1) Prior service credit 1,041 1,038 2,082 2,076 (1) Pretax total $ ( 7,451 ) $ (6,369 ) $ ( 14,902 ) $ (12,738 ) Tax effect $ 2,850 $ 2,477 $ 5,700 $ 4,955 (1) These accumulated other comprehensive income components are included in the computation of net periodic cost. See Note 9 Employee Benefit Plans for additional details.

Litigation and Regulatory Conti

Litigation and Regulatory Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments And Contingencies Disclosure [Abstract]
Litigation and Regulatory Contingencies	Note 13 – Litigation and Regulatory Contingencies The Company and its subsidiaries are parties to a number of non-ordinary course lawsuits. These lawsuits frequently are similar in nature to other lawsuits pending against the Company’s competitors. For those non-ordinary course lawsuits where 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. For a substantial majority of these lawsuits, however, it is not possible to assess the probability of loss. Most of these lawsuits are putative class actions which require a plaintiff to satisfy a number of procedural requirements before proceeding to trial. These requirements include, among others, demonstration to a court that the law proscribes in some manner the Company’s activities, the making of factual allegations sufficient to suggest that the Company’s activities exceeded the limits of the law and a determination by the court—known as class certification—that the law permits a group of individuals to pursue the case together as a class. In certain instances the Company may also be able to compel the plaintiff to arbitrate its claim on an individual basis. If these procedural requirements are not met, either the lawsuit cannot proceed or, as is the case with class certification or compelled arbitration, the plaintiffs lose the financial incentive to proceed with the case (or the amount at issue effectively becomes de minimis ). Frequently, a court’s determination as to these procedural requirements is subject to appeal to a higher court. As a result of, among other factors, ambiguities and inconsistencies in the myriad laws applicable to the Company’s business and the uniqueness of the factual issues presented in any given lawsuit, the Company often cannot determine the probability of loss until a court has finally determined that a plaintiff has satisfied applicable procedural requirements. Furthermore, because most of these lawsuits are putative class actions, it is often impossible to estimate the possible loss or a range of loss amounts, even where the Company has determined that a loss is reasonably possible. Generally class actions involve a large number of people and the effort to determine which people satisfy the requirements to become plaintiffs—or class members—is often time consuming and burdensome. Moreover, these lawsuits raise complex factual issues which result in uncertainty as to their outcome and, ultimately, make it difficult for the Company to estimate the amount of damages which a plaintiff might successfully prove. In addition, many of the Company’s businesses are regulated by various federal, state, local and foreign governmental agencies and are subject to numerous statutory guidelines. These regulations and statutory guidelines often are complex, inconsistent or ambiguous, which results in additional uncertainty as to the outcome of a given lawsuit—including the amount of damages a plaintiff might be afforded—or makes it difficult to analogize experience in one case or jurisdiction to another case or jurisdiction. Most of the non-ordinary course lawsuits to which the Company and its subsidiaries are parties challenge practices in the Company’s title insurance business, though a limited number of cases also pertain to the Company’s other businesses. These lawsuits include, among others, cases alleging, among other assertions, that the Company, one of its subsidiaries and/or one of its agents: charged an improper rate for title insurance in a refinance transaction, including Levine v. First American Title Insurance Company, filed on February 26, 2009 and pending in the United States District Court for the Eastern District of Pennsylvania, Lewis v. First American Title Insurance Company, filed on November 28, 2006 and pending in the United States District Court for the District of Idaho, and Raffone v. First American Title Insurance Company, filed on February 14, 2004 and pending in the Circuit Court, Nassau County, Florida. All of these lawsuits are putative class actions. A court has only granted class certification in Lewis and Raffone . For the reasons stated above, the Company has been unable to assess the probability of loss or estimate the possible loss or the range of loss or, where the Company has been able to make an estimate, the Company believes the amount is immaterial to the condensed consolidated financial statements as a whole. purchased minority interests in title insurance agents as an inducement to refer title insurance underwriting business to the Company or gave items of value to title insurance agents and others for referrals of business in violation of the Real Estate Settlement Procedures Act, including Edwards v. First American Financial Corporation, filed on June 12, 2007 and pending in the United States District Court for the Central District of California. In Edwards a narrow class has been certified. For the reasons stated above, the Company has been unable to estimate the possible loss or the range of loss. engaged in the unauthorized practice of law, including Gale v. First American Title Insurance Company, et al., filed on October 16, 2006 and pending in the United States District Court of Connecticut. The class originally certified in Gale was subsequently decertified. For the reasons described above, the Company has not yet been able to assess the probability of loss or estimate the possible loss or the range of loss. misclassified certain employees, including Sager v. Interthinx , Inc., filed on January 23, 2015 and pending in the Superior Court of the State of Ca lifornia, County of Los Angeles, and Weber v. Interthinx , Inc., et al., filed on April 17, 2015 and pending in the United States District Court for the Easter n District of Missouri. All of these lawsuits are putative class action s for which a class has not been certified. For the reasons described above, the Company has not yet been able to assess the probability of loss or estimate the possible loss or the range of loss. overcharged or improperly charged fees for products and services, denied home warranty claims, failed to timely file certain documents, and gave items of value to developers, builders and others as inducements to refer business in violation of certain laws, such as consumer protection laws and laws generally prohibiting unfair business practices, and certain obligations, including Chassen v. First American Financial Corporation, et al., filed on January 22, 2009 and pending in the United States District Court of New Jersey, Gunning v. First American Title Insurance Company, filed on July 14, 2008 and pending in the United States District Court for the Eastern District of Kentucky, Kaufman v. First American Financial Corporation, et al., filed on December 21, 2007 and pending in the Superior Court of the State of California, County of Los Angeles, Kirk v. First American Financial Corporation, et al., filed on June 15, 2006 and pending in the Superior Court of the State of California, County of Los Angeles, Sjobring v. First American Financial Corporation, et al., filed on February 25, 2005 and pending in the Superior Court of the State of California, County of Los Angeles, Snyder v. First American Financial Corporation, et al., filed on June 21, 2014 and pending in the United States District Court for the District of Colorado, Wilmot v. First American Financial Corporation, et al., filed on April 20, 2007 and pending in the Superior Court of the State of California, County of Los Angeles , and In re First American Home Buyers Protection Corporation, consolidated on October 9, 2014 and pending in the United States District Court for the Southern District of California. All of these lawsuits, except Kaufman and Kirk, are putative class actions for which a class has not been certified. In Kaufman a class was certified but that certification was subsequently vacated. A trial of the Kirk matter has concluded, plaintiff has filed a notice of appeal and the Company filed a cross appeal. For the reasons described above, the Company has not yet been able to assess the probability of loss or estimate the possible loss or the range of loss or, where the Company has been able to make an estimate, the Company believes the amount is immaterial to the condensed consolidated financial statements as a whole. While some of the lawsuits described above may be material to the Company’s operating results in any particular period if an unfavorable outcome results, the Company does not believe that any of these lawsuits will have a material adverse effect on the Company’s overall financial condition or liquidity. The Company also is a party to non-ordinary course lawsuits other than those described above. With respect to these lawsuits, the Company has determined either that a loss is not reasonably possible or that the estimated loss or range of loss, if any, is not material to the condensed consolidated financial statements as a whole. The Company’s title insurance, property and casualty insurance, home warranty, banking, thrift, trust and investment advisory 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. These exams or investigations include inquiries into, among other matters, pricing and rate setting practices in the title insurance industry, competition in the title insurance industry, real estate settlement service customer acquisition and retention practices and agency relationships. With respect to matters where the Company has determined that a loss is both probable and reasonably estimable, the Company has recorded a liability representing its best estimate of the financial exposure based on known facts. While the ultimate disposition of each such exam or investigation is not yet determinable, the Company does not believe that individually or in the aggregate they will have a material adverse effect on the Company’s financial condition, results of operations or cash flows. 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. The Company’s Canadian operations provide certain services to lenders which it believes to be exempt from excise tax under applicable Canadian tax laws. However, in October 2014, the Canadian taxing authority provided internal guidance that the services in question should be subject to the excise tax. While discussions with the taxing authority are ongoing, the Company believes that the guidance may result in an assessment. The amount, if any, of such assessment is not currently known, and any such assessment would be subject to negotiation. In the event that the Company disagrees with the ultimate assessment, the Company intends to avail itself of avenues of appeal. While the Company believes it is reasonably likely that the Company would prevail on the merits, a loss associated with the matter is possible. In light of the foregoing, the Company is not currently able to reasonably estimate a loss or range of loss associated with the matter. While such a loss could be material to the Company’s operating results in any particular period if an unfavorable outcome results, the Company does not believe that this matter will have a material adverse effect on the Company’s overall financial condition or liquidity. The Company and its subsidiaries also are involved in numerous ongoing routine legal and regulatory proceedings related to their operations. With respect to each of these proceedings, the Company has determined either that a loss is not reasonably possible or that the estimated loss or range of loss, if any, is not material to the condensed consolidated financial statements as a whole .

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Segment Information	Note 14 – Segment Information The Company consists of the following reportable segments and a corporate function: 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 involving the use of real property related data designed to mitigate risk or otherwise facilitate real estate transactions; maintains, manages and provides access to title plant records and images; and provides banking, trust and investment advisory 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 and the District of Columbia. The Company also offers title insurance and other insurance and guarantee products, as well as related settlement services in foreign countries, including Canada, the United Kingdom, Australia and various other established and emerging markets. The Company’s specialty insurance segment issues property and casualty insurance policies and sells home warranty products. The property and casualty insurance business provides insurance coverage to residential homeowners and renters for liability losses and typical hazards such as fire, theft, vandalism and other types of property damage. This business is licensed to issue policies in all 50 states and the District of Columbia and actively issues policies in 4 6 states. In certain markets it also offers preferred risk auto insurance to better compete with other carriers offering bundled home and auto insurance. The home warranty business provides residential service contracts that cover residential systems, such as heating and air conditioning systems, and appliances against failures that occur as the result of normal usage during the coverage period. This business currently operates in 39 states and the District of Columbia . The corporate function consists primarily of certain financing facilities as well as the corporate services that support the Company’s business operations. Eliminations consist of inter-segment revenues and related expenses included in the results of the operating segments. Selected financial information, by reporting segment, is as follows: For the three months ended June 30, 2015: (in thousands) Revenues Income (loss) before income taxes Depreciation and amortization Capital expenditures Title Insurance and Services $ 1,227,058 $ 154,738 $ 20,164 $ 28,841 Specialty Insurance 97,653 10,590 1,177 1,123 Corporate ( 893 ) ( 23,706 ) 122 — Eliminations ( 29 ) — — — $ 1,3 23,789 $ 14 1,622 $ 21,463 $ 29,964 For the three months ended June 30, 2014: (in thousands) Revenues Income (loss) before income taxes Depreciation and amortization Capital expenditures Title Insurance and Services $ 1,055,395 $ 84,837 $ 17,623 $ 18,028 Specialty Insurance 91,184 11,035 1,338 878 Corporate 3,779 ( 19,414 ) 819 — Eliminations ( 389 ) — — — $ 1,149,969 $ 76,458 $ 19,780 $ 18,906 For the six months ended June 30 , 2015: (in thousands) Revenues Income (loss) before income taxes Depreciation and amortization Capital expenditures Title Insurance and Services $ 2,246,830 $ 224,238 $ 39,690 $ 60,159 Specialty Insurance 192, 189 27, 764 2,382 1,877 Corporate ( 3,720 ) ( 51,432 ) 245 — Eliminations ( 426 ) — — — $ 2,4 34,873 $ 20 0,570 $ 42,317 $ 62,036 For the six months ended June 3 0 , 2014: (in thousands) Revenues Income (loss) before income taxes Depreciation and amortization Capital expenditures Title Insurance and Services $ 1,980,724 $ 127,473 $ 35,537 $ 38,007 Specialty Insurance 178,325 24,933 2,577 2,056 Corporate 4,498 (40,695 ) 1,638 — Eliminations (779 ) — — — $ 2,162,768 $ 111,711 $ 39,752 $ 40,063

Basis of Condensed Consolidat23

Basis of Condensed Consolidated Financial Statements (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [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 (“SEC”) 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 Company’s Annual Report on Form 10-K for the year ended December 31, 2014. 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.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In April 2014, the Financial Accounting Standards Board (“FASB”) issued updated guidance which changes the criteria for determining which disposals are required to be presented as discontinued operations and modifies related disclosure requirements. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2014, with early adoption permitted. The adoption of this guidance had no impact on the Company’s condensed consolidated financial statements.
Pending Accounting Pronouncements	Pending Accounting Pronouncements In May 2015, the FASB issued updated disclosure guidance related to short-duration contracts issued by insurance entities. The updated guidance is intended to increase the transparency of significant estimates made in measuring liabilities for unpaid claims and claim adjustment expenses and to provide additional insight into an insurance entity’s ability to underwrite and anticipate costs associated with claims. The updated guidance is effective for annual reporting periods beginning after December 15, 2015 and for interim periods within annual periods beginning after December 15, 2016, with early adoption permitted. Except for the disclosure requirements, the Company does not expect the adoption of this guidance to impact its condensed consolidated financial statements . In May 2015, the FASB issued updated guidance intended to eliminate the diversity in practice surroun ding how investments measured at net asset value under the practical expedient with future redemption dates have been categorized in the fair value hierarchy. Under the updated guidance, investments for which fair value is measured at net asset value per share using the practical expedient should no longer be categorized in the fair value hierarchy. The updated guidance requires retrospective adoption for all periods presented and is effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted. Except for the disclosure requirements, the Company does not expect the adoption of this guidance to impact its condensed consolidated financial statements . In April 2015, the FASB issued updated guidance intended to c larify the accounting treatment for cloud computing arrangements that include software licenses. Under the updated guidance, if a cloud computing arrangement includes a software license, the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted. The Company does not expect the adoption of this guidance to have a material impact on its condensed consolidated financial statements. In April 2015, the FASB issued updated guidance intended to simplify, and provide consistency to, the presentation of debt issuance costs. The new standard requires that debt issuance costs be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability, consistent with debt discounts. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted. The Company does not expect the adoption of this guidance to have a material impact on its condensed consolidated financial statements. In February 2015, the FASB issued updated guidance which changes the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted. The Company expects the adoption of this guidance to have no impact on its condensed consolidated financial statements. In June 2014, the FASB issued updated guidance intended to eliminate the diversity in practice regarding share-based payment awards that include terms which provide for a performance target that affects vesting being achieved after the requisite service period. The new standard requires that a performance target which affects vesting and could be achieved after the requisite service period be treated as a performance condition that affects vesting and should not be reflected in estimating the grant-date fair value. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted. The Company expects the adoption of this guidance to have no impact on its condensed consolidated financial statements. In May 2014, the FASB issued updated guidance for recognizing revenue from contracts with customers to provide a single, comprehensive revenue recognition model for all contracts with customers to improve comparability within and across industries, and across capital markets. The new revenue standard contains principles that an entity will apply to determine the measurement of revenue and the timing of recognition. The underlying principle is that an entity will recognize revenue to depict the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. Revenue from insurance contracts is not within the scope of this guidance. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 201 7 , with early adoption prohibited. The Company is currently assessing the impact of the new guidance on its condensed co nsolidated financial statements .

Debt and Equity Securities (Tab

Debt and Equity Securities (Tables)	6 Months Ended
	Jun. 30, 2015
Gross Unrealized Losses on Investments in Debt and Equity Securities	G ross unrealized losses on investments in debt and equity securities are as follows : Less than 12 months 12 months or longer Total (in thousands) Estimated fair value Unrealized losses Estimated fair value Unrealized losses Estimated fair value Unrealized losses June 30 , 2015 Debt securities: U.S. Treasury bonds $ 56,754 $ ( 1,580 ) $ 11,012 $ ( 30 ) $ 67,766 $ ( 1,610 ) Municipal bonds 248,986 ( 2,807 ) 12,983 ( 202 ) 261,969 ( 3,009 ) Foreign bonds 7,713 ( 53 ) — — 7,713 ( 53 ) Governmental agency bonds 237,630 ( 2,005 ) 44,764 ( 420 ) 282,394 ( 2,425 ) Governmental agency mortgage-backed securities 797,995 ( 5,197 ) 179,534 ( 5,455 ) 977,529 ( 10,652 ) Corporate debt securities 312,517 ( 7,751 ) 17,861 ( 621 ) 330,378 ( 8,372 ) Total debt securities 1,661,595 ( 19,393 ) 266,154 ( 6,728 ) 1,927,749 ( 26,121 ) Equity securities 107,681 ( 3,833 ) 17,551 ( 1,779 ) 125,232 ( 5,612 ) Total $ 1,769,276 $ ( 23,226 ) $ 283,705 $ ( 8,507 ) $ 2,052,981 $ ( 31,733 ) December 31, 2014 Debt securities: U.S. Treasury bonds $ 8,122 $ (27 ) $ 15,124 $ (154 ) $ 23,246 $ (181 ) Municipal bonds 137,755 (689 ) 19,625 (318 ) 157,380 (1,007 ) Foreign bonds 6,215 (8 ) — — 6,215 (8 ) Governmental agency bonds 27,479 (88 ) 127,936 (1,930 ) 155,415 (2,018 ) Governmental agency mortgage-backed securities 383,717 (1,612 ) 300,918 (7,483 ) 684,635 (9,095 ) Non-agency mortgage-backed securities — — 5,611 (717 ) 5,611 (717 ) Corporate debt securities 198,079 (3,151 ) 9,683 (113 ) 207,762 (3,264 ) Total debt securities 761,367 (5,575 ) 478,897 (10,715 ) 1,240,264 (16,290 ) Equity securities 208,922 (8,587 ) 2,340 (191 ) 211,262 (8,778 ) Total $ 970,289 $ (14,162 ) $ 481,237 $ (10,906 ) $ 1,451,526 $ (25,068 )
Investments in Debt Securities	Investments in debt securities at June 30 , 2015, by contractual maturities, are as follows: (in thousands) Due in one year or less Due after one through five years Due after five through ten years Due after ten years Total U.S. Treasury bonds Amortized cost $ 3,680 $ 69,082 $ 13,615 $ 16,484 $ 102,861 Estimated fair value $ 3,738 $ 69,157 $ 13,512 $ 15,413 $ 101,820 Municipal bonds Amortized cost $ 37,237 $ 278,179 $ 220,717 $ 133,031 $ 669,164 Estimated fair value $ 37,389 $ 280,146 $ 223,300 $ 134,206 $ 675,041 Foreign bonds Amortized cost $ 48,442 $ 126,251 $ 11,652 $ 3,154 $ 189,499 Estimated fair value $ 48,788 $ 128,657 $ 11,834 $ 3,169 $ 192,448 Governmental agency bonds Amortized cost $ 12,293 $ 354,761 $ 28,247 $ 23,849 $ 419,150 Estimated fair value $ 12,312 $ 353,776 $ 28,418 $ 23,223 $ 417,729 Corporate debt securities Amortized cost $ 19,668 $ 289,397 $ 370,973 $ 67,218 $ 747,256 Estimated fair value $ 19,900 $ 292,130 $ 368,710 $ 64,451 $ 745,191 Total debt securities excluding mortgage-backed securities Amortized cost $ 121,320 $ 1,117,670 $ 645,204 $ 243,736 $ 2,127,930 Estimated fair value $ 122,127 $ 1,123,866 $ 645,774 $ 240,462 $ 2,132,229 Total mortgage-backed securities Amortized cost $ 2,016,851 Estimated fair value $ 2,013,185 Total debt securities Amortized cost $ 4,144,781 Estimated fair value $ 4,145,414
Debt Securities
Investments Classified as Available-For-Sale	I nvestments in debt securities, all of which are classified as available-for-sale, are as follows: (in thousands) Amortized cost Gross unrealized Estimated fair value Gains Losses June 30 , 2015 U.S. Treasury bonds $ 102,861 $ 569 $ ( 1,610 ) $ 101,820 Municipal bonds 669,164 8,886 ( 3,009 ) 675,041 Foreign bonds 189,499 3,002 ( 53 ) 192,448 Governmental agency bonds 419,150 1,004 ( 2,425 ) 417,729 Governmental agency mortgage-backed securities 2,016,851 6,986 ( 10,652 ) 2,013,185 Corporate debt securities 747,25 6 6,307 ( 8,372 ) 745,19 1 $ 4,144,78 1 $ 26,754 $ ( 26,121 ) $ 4,145,41 4 December 31, 2014 U.S. Treasury bonds $ 64,195 $ 968 $ (181 ) $ 64,982 Municipal bonds 577,703 10,981 (1,007 ) 587,677 Foreign bonds 194,749 2,009 (8 ) 196,750 Governmental agency bonds 198,330 1,562 (2,018 ) 197,874 Governmental agency mortgage-backed securities 1,812,766 8,491 (9,095 ) 1,812,162 Non-agency mortgage-backed securities 15,949 1,306 (717 ) 16,538 Corporate debt securities 568,774 8,759 (3,264 ) 574,269 $ 3,432,466 $ 34,076 $ (16,290 ) $ 3,450,252
Equity securities
Investments Classified as Available-For-Sale	I nvestments in equity securities, all of which are classified as available-for-sale, are as follows: Cost Gross unrealized Estimated fair value (in thousands) Gains Losses June 30 , 2015 Preferred stocks $ 19,578 $ 688 $ ( 1,225 ) $ 19,041 Common stocks 271,551 17,876 ( 4,387 ) 285,040 $ 291,129 $ 18,564 $ ( 5,612 ) $ 304,081 December 31, 2014 Preferred stocks $ 14,976 $ 596 $ (47 ) $ 15,525 Common stocks 378,938 16,680 (8,731 ) 386,887 $ 393,914 $ 17,276 $ (8,778 ) $ 402,412

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2015
Goodwill And Intangible Assets Disclosure [Abstract]
Carrying Amount of Goodwill by Operating Segment	A summary of the changes in the carrying amount of goodwill, by operating segment, for the six months ended June 30 , 2015, is as follows: (in thousands) Title Insurance and Services Specialty Insurance Total Balance as of December 31, 2014 $ 913,180 $ 46,765 $ 959,945 Acquisitions 14,183 — 14,183 Foreign currency translation ( 3,61 8 ) — ( 3,61 8 ) Balance as of June 30 , 2015 $ 923,74 5 $ 46,765 $ 970,5 10

Other Intangible Assets (Tables

Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2015
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Other Intangible Assets	Other intangible assets consist of the following: (in thousands) June 30 , 2015 December 31, 2014 Finite-lived intangible assets: Customer relationships $ 95,788 $ 94,850 Noncompete agreements 27,631 27,286 Trademarks 9,398 11,241 Patents 2,840 2,840 135,657 136,217 Accumulated amortization ( 98,996 ) (97,282 ) 36,661 38,935 Indefinite-lived intangible assets: Licenses 16,877 16,877 $ 53,538 $ 55,812
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 thousands) Remainder of 2015 $ 4,582 2016 $ 8,511 2017 $ 7,250 2018 $ 4,797 2019 $ 4,004 2020 $ 2,162

Reserve for Known and Incurre27

Reserve for Known and Incurred but Not Reported Claims (Tables)	6 Months Ended
	Jun. 30, 2015
Insurance Loss Reserves [Abstract]
Summary of Loss Reserves	A summary of the Company’s loss reserves is as follows: (in thousands, except percentages) June 30 , 2015 December 31, 2014 Known title claims $ 93,230 9.7 % $ 165,330 16.3 % Incurred but not reported claims 812,140 84.9 % 802,069 79.3 % Total title claims 905,370 94.6 % 967,399 95.6 % Non-title claims 51,416 5.4 % 44,381 4.4 % Total loss reserves $ 956,786 100.0 % $ 1,011,780 100.0 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	The computation of basic and diluted earnings per share is as follows: Three Months Ended June 30, Six Months Ended June 30, (in thousands, except per share amounts) 2015 2014 2015 2014 Numerator Net income attributable to the Company $ 93,347 $ 50,594 $ 130,979 $ 72,318 Less: dividends and undistributed earnings allocated to unvested restricted stock units (“RSUs”) 88 123 15 0 176 Net income allocated to common stockholders $ 93,259 $ 50,471 $ 130,829 $ 72,142 Denominator Basic weighted-average shares 108,459 106,878 108,102 106,522 Effect of dilutive employee stock options and RSUs 1,337 1,769 1,484 1,901 Diluted weighted-average shares 109,796 108,647 109,586 108,423 Net income per share attributable to the Company’s stockholders Basic $ 0. 86 $ 0.47 $ 1.2 1 $ 0.68 Diluted $ 0. 85 $ 0. 47 $ 1. 19 $ 0.67

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2015
Compensation And Retirement Disclosure [Abstract]
Net Periodic Cost	Net periodic cost related to the Company’s defined benefit pension and supplemental benefit plans during the three and six months ended June 30 , 2015 and 2014 includes the following components: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2015 2014 2015 2014 Expense: Service costs $ 390 $ 329 $ 780 $ 658 Interest costs 7,009 6,956 14,018 13,912 Expected return on plan assets ( 5,448 ) ( 4,694 ) ( 10,896 ) ( 9,388 ) Amortization of net actuarial loss 8,492 7,407 16,984 14,814 Amortization of prior service credit ( 1,041 ) ( 1,038 ) ( 2,082 ) ( 2,076 ) $ 9,402 $ 8,960 $ 18,804 $ 17,920

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value of Assets Measured on Recurring Basis	The following table presents the fair value s of the Company’s assets measured on a recurring basis as of June 30 , 2015 and December 31, 2014: (in thousands) Total Level 1 Level 2 Level 3 June 30 , 2015 Assets: Debt securities: U.S. Treasury bonds $ 101,820 $ — $ 101,820 $ — Municipal bonds 675,041 — 675,041 — Foreign bonds 192,448 — 192,448 — Governmental agency bonds 417,729 — 417,729 — Governmental agency mortgage-backed securities 2,013,185 — 2,013,185 — Corporate debt securities 745,191 — 733,833 11,358 4,145,414 — 4,134,056 11,358 Equity securities: Preferred stocks 19,041 19,041 — — Common stocks 285,040 285,040 — — 304,081 304,081 — — Total assets $ 4,449,495 $ 304,081 $ 4,134,056 $ 11,358 (in thousands) Total Level 1 Level 2 Level 3 December 31, 2014 Assets: Debt securities: U.S. Treasury bonds $ 64,982 $ — $ 64,982 $ — Municipal bonds 587,677 — 587,677 — Foreign bonds 196,750 — 196,750 — Governmental agency bonds 197,874 — 197,874 — Governmental agency mortgage-backed securities 1,812,162 — 1,812,162 — Non-agency mortgage-backed securities 16,538 — — 16,538 Corporate debt securities 574,269 — 574,269 — 3,450,252 — 3,433,714 16,538 Equity securities: Preferred stocks 15,525 15,525 — — Common stocks 386,887 386,887 — — 402,412 402,412 — — Total assets $ 3,852,664 $ 402,412 $ 3,433,714 $ 16,538
Summary of Changes in Fair Value of Level 3 Assets Measured on Recurring Basis	The following table presents a summary of the changes in the fair value s of Level 3 assets measured on a recurring basis for the three months ended June 30 , 2015 and 2014: (in thousands) June 30, 2015 June 30, 2014 Corporate debt securities Non-agency mortgage-backed securities Fair value at beginning of period $ 32,566 $ 18,646 T ransfers in to Level 3 2,504 — Transfers out of Level 3 (26,083 ) — Net realized and unrealized gains (losses) : Included in earnings: Net r ealized investment losses (43 ) — Net other-than-temporary impairment losses — (515 ) Included in other comprehensive income (loss) (205 ) 223 Purchases 4,488 — Sales ( 481 ) — Settlements ( 1,388 ) (360 ) Fair value at end of period $ 11,358 $ 17,994 Unrealized gains (losses) included in earnings for the period relating to Level 3 assets that were still held at the end of the period: Net other-than-temporary impairment losses $ — $ (515 ) The following table presents a summary of the changes in the fair value s of Level 3 assets measured on a recurring basis for the six months ended June 30, 2015 and 2014: (in thousands) June 30 , 2015 June 30 , 2014 Corporate debt securities Non-agency mortgage-backed securities Total Non-agency mortgage-backed securities Fair value at beginning of period $ — $ 16,538 $ 16,538 $ 19,022 Transfers into Level 3 2,504 — 2,504 — Transfers out of Level 3 (26,083 ) — (26,083 ) — Net realized and unrealized gains (losses) : Included in earnings: Net r ealized investment losses (41 ) ( 1,015 ) ( 1,056 ) — Net other-than-temporary impairment losses — — — (1,033 ) Included in other comprehensive income (loss) 44 ( 589 ) ( 545 ) 689 Purchases 37,045 — 37,045 — Sales ( 653 ) ( 14,934 ) ( 15,587 ) — Settlements ( 1,458 ) — ( 1,458 ) (684 ) Fair value at end of period $ 11,358 $ — $ 11,358 $ 17,994 Unrealized gains (losses) included in earnings for the period relating to Level 3 assets that were still held at the end of the period: Net other-than-temporary impairment losses $ — $ — $ — $ (1,033 )
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 June 30 , 2015 and December 31, 2014: Carrying Estimated fair value (in thousands) Amount Total Level 1 Level 2 Level 3 June 30 , 2015 Assets: Cash and cash equivalents $ 1,269,660 $ 1,269,660 $ 1,269,660 $ — $ — Deposits with banks $ 17,972 $ 18,033 $ 3,563 $ 14,470 $ — Notes receivable, net $ 6, 177 $ 4,428 $ — $ — $ 4,428 Liabilities: Deposits $ 2,965,293 $ 2,965,293 $ 2,965,293 $ — $ — Notes and contracts payable $ 584,538 $ 588,949 $ — $ 583,838 $ 5,111 Carrying Estimated fair value (in thousands) Amount Total Level 1 Level 2 Level 3 December 31, 2014 Assets: Cash and cash equivalents $ 1,190,080 $ 1,190,080 $ 1,190,080 $ — $ — Deposits with banks $ 21,445 $ 21,540 $ 4,068 $ 17,472 $ — Notes receivable, net $ 6,130 $ 3,930 $ — $ — $ 3,930 Liabilities: Deposits $ 2,332,714 $ 2,332,714 $ 2,332,714 $ — $ — Notes and contracts payable $ 587,337 $ 595,087 $ — $ 588,542 $ 6,545

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Compensation Expense	The following table presents compensation expense associated with the Company’s share-based compensation plans: Three Months Ended June 30 , Six Months Ended June 30, (in thousands) 2015 2014 2015 2014 Expense: RSUs $ 4,117 $ 3,091 $ 14,219 $ 11,365 Stock options 68 68 135 135 Employee stock purchase plan 520 (38 ) 1,209 1,019 $ 4,705 $ 3,121 $ 15,563 $ 12,519
Summary of RSU Activity	The following table summarizes RSU activity for the six months ended June 30 , 2015: (in thousands, except weighted-average grant-date fair value) Shares Weighted-average grant-date fair value RSUs unvested at December 31, 2014 2,337 $ 21.21 Granted during 2015 721 $ 34.76 Vested during 2015 ( 947 ) $ 18.12 Forfeited during 2015 ( 20 ) $ 28.04 RSUs unvested at June 30, 2015 2,091 $ 27.22
Summary of Stock Option Activity	The following table summarizes stock option activity for the six months ended June 30 , 2015: (in thousands, except weighted-average exercise price and contractual term) Number outstanding Weighted- average exercise price Weighted- average remaining contractual term Aggregate intrinsic value Balance at December 31, 2014 686 $ 20.18 Exercised during 2015 ( 290 ) $ 16.59 Balance at June 30, 2015 396 $ 22.82 3.1 years $ 5,693 Vested and expected to vest at June 30, 2015 396 $ 22.82 3.1 years $ 5,693 Exercisable at June 30, 2015 296 $ 21.19 1.3 years $ 4,745

Accumulated Other Comprehensi32

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2015
Accumulated Other Comprehensive Income Other Comprehensive Income [Abstract]
Components of Accumulated Other Comprehensive Income (Loss)	Changes in the balances of each component of accumulated other comprehensive income (loss) for the six months ended June 30 , 2015 are as follows: (in thousands) Unrealized gains (losses) on securities Foreign currency translation adjustment Pension benefit adjustment Accumulated other comprehensive income (loss) Balance at December 31, 2014 $ 10,911 $ (20,420 ) $ (189,580 ) $ (199,089 ) Change in unrealized gains (losses) on securities ( 12,699 ) — — ( 12,699 ) Change in foreign currency translation adjustments — ( 13, 794 ) — ( 13, 794 ) Amortization of net actuarial loss — — 16,984 16,984 Amortization of prior service cost — — ( 2,082 ) ( 2,082 ) Tax effect 4,267 — ( 5,700 ) (1, 4 3 3 ) Balance at June 30 , 2015 $ 2,47 9 $ ( 3 4,214 ) $ ( 180,378 ) $ ( 212,11 3 ) Allocated to the Company $ 2, 46 8 $ ( 3 4,214 ) $ ( 180,378 ) $ ( 212,12 4 ) Allocated to noncontrolling interests 11 — — 11 Balance at June 30 , 2015 $ 2, 47 9 $ ( 3 4,214 ) $ ( 180,378 ) $ ( 212,11 3 )
Adjustments for Reclassification of Accumulated Other Comprehensive Income (Loss)	The following table presents the other comprehensive income (loss) reclassification adjustments for the three months ended June 30, 2015 and 2014: (in thousands) Unrealized gains (losses) on securities Foreign currency translation adjustment Pension benefit adjustment Total other comprehensive income (loss) Three Months Ended June 30, 2015 Pretax change before reclassifications $ ( 42,784 ) $ 4,866 $ — $ ( 3 7,918 ) Reclassifications out of AOCI (1,039 ) — 7,451 6,412 Tax effect 15,317 — ( 2,850 ) 12,4 67 Total other comprehensive income (loss), net of tax $ (28, 50 6 ) $ 4,866 $ 4,601 $ ( 19,0 39 ) Three Months Ended June 30, 2014 Pretax change before reclassifications $ 29,818 $ 11,612 $ — $ 41,430 Reclassifications out of AOCI (6,840 ) — 6,369 (471 ) Tax effect (8,939 ) — (2,477 ) (11,416 ) Total other comprehensive income (loss), net of tax $ 14,039 $ 11,612 $ 3,892 $ 29,543 The following table presents the other comprehensive income (loss) reclassification adjustments for the six months ended June 30 , 2015 and 2014: (in thousands) Unrealized gains (losses) on securities Foreign currency translation adjustment Pension benefit adjustment Total other comprehensive income (loss) Six Months Ended June 30 , 2015 Pretax change before reclassifications $ (14, 351 ) $ ( 13, 794 ) $ — $ ( 28,145 ) Reclassifications out of AOCI 1,652 — 14,902 16,554 Tax effect 4, 2 6 7 — ( 5,700 ) ( 1, 4 3 3 ) Total other comprehensive income (loss), net of tax $ (8, 43 2 ) $ ( 13, 794 ) $ 9,202 $ ( 13,02 4 ) Six Months Ended June 30 , 2014 Pretax change before reclassifications $ 51,953 $ 5,572 $ — $ 57,525 Reclassifications out of AOCI (9,009 ) — 12,738 3,729 Tax effect (16,705 ) — (4,955 ) (21,660 ) Total other comprehensive income (loss), net of tax $ 26,239 $ 5,572 $ 7,783 $ 39,594
Reclassifications out of Accumulated Other Comprehensive Income (Loss)	The following table presents the effect of the reclassifications out of accumulated other comprehensive income (loss) on the respective line items in the condensed consolidated statements of income: Amounts reclassified from accumulated other comprehensive income (loss) (in thousands) Three Months Ended June 30, Six Months Ended June 30, Affected line items in the condensed 2015 2014 2015 2014 consolidated statements of income Unrealized gains (losses) on securities: Net realized gains (losses) on sales of securities $ 1,039 $ 7,355 $ (1,652 ) $ 10,042 Net realized investment gains Net other-than-temporary impairment losses — (515 ) — (1,033 ) Net realized investment gains Pretax total $ 1,039 $ 6,840 $ (1,652 ) $ 9,009 Tax effect $ ( 3 6 3 ) $ (2,661 ) $ 555 $ (3,505 ) Pension benefit adjustment: Amortization of defined benefit pension and supplemental benefit plan items: Net actuarial loss ( 8,492 ) (7,407 ) ( 16,984 ) (14,814 ) (1) Prior service credit 1,041 1,038 2,082 2,076 (1) Pretax total $ ( 7,451 ) $ (6,369 ) $ ( 14,902 ) $ (12,738 ) Tax effect $ 2,850 $ 2,477 $ 5,700 $ 4,955 (1) These accumulated other comprehensive income components are included in the computation of net periodic cost. See Note 9 Employee Benefit Plans for additional details.

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Schedule of Selected Financial Information	Selected financial information, by reporting segment, is as follows: For the three months ended June 30, 2015: (in thousands) Revenues Income (loss) before income taxes Depreciation and amortization Capital expenditures Title Insurance and Services $ 1,227,058 $ 154,738 $ 20,164 $ 28,841 Specialty Insurance 97,653 10,590 1,177 1,123 Corporate ( 893 ) ( 23,706 ) 122 — Eliminations ( 29 ) — — — $ 1,3 23,789 $ 14 1,622 $ 21,463 $ 29,964 For the three months ended June 30, 2014: (in thousands) Revenues Income (loss) before income taxes Depreciation and amortization Capital expenditures Title Insurance and Services $ 1,055,395 $ 84,837 $ 17,623 $ 18,028 Specialty Insurance 91,184 11,035 1,338 878 Corporate 3,779 ( 19,414 ) 819 — Eliminations ( 389 ) — — — $ 1,149,969 $ 76,458 $ 19,780 $ 18,906 For the six months ended June 30 , 2015: (in thousands) Revenues Income (loss) before income taxes Depreciation and amortization Capital expenditures Title Insurance and Services $ 2,246,830 $ 224,238 $ 39,690 $ 60,159 Specialty Insurance 192, 189 27, 764 2,382 1,877 Corporate ( 3,720 ) ( 51,432 ) 245 — Eliminations ( 426 ) — — — $ 2,4 34,873 $ 20 0,570 $ 42,317 $ 62,036 For the six months ended June 3 0 , 2014: (in thousands) Revenues Income (loss) before income taxes Depreciation and amortization Capital expenditures Title Insurance and Services $ 1,980,724 $ 127,473 $ 35,537 $ 38,007 Specialty Insurance 178,325 24,933 2,577 2,056 Corporate 4,498 (40,695 ) 1,638 — Eliminations (779 ) — — — $ 2,162,768 $ 111,711 $ 39,752 $ 40,063

Escrow Deposits, Like-Kind Ex34

Escrow Deposits, Like-Kind Exchange Deposits and Trust Assets (Detail) - USD ($) $ in Billions	Jun. 30, 2015	Dec. 31, 2014
Subsidiaries And Third Party Financial Institutions
Other Assets [Line Items]
Escrow deposits	$ 7.9	$ 6.3
First American Trust
Other Assets [Line Items]
Escrow deposits	2.8	2.2
Trust assets	3.1	3
Third Party Financial Institutions
Other Assets [Line Items]
Like-kind exchange funds	$ 2.5	$ 2.4

Debt and Equity Securities (Inv

Debt and Equity Securities (Investments in Debt Securities, Classified as Available-For-Sale) (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	$ 4,144,781	$ 3,432,466
Gross unrealized, gains	26,754	34,076
Gross unrealized, losses	(26,121)	(16,290)
Debt securities, Estimated fair value	4,145,414	3,450,252
U.S. Treasury Bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	102,861	64,195
Gross unrealized, gains	569	968
Gross unrealized, losses	(1,610)	(181)
Debt securities, Estimated fair value	101,820	64,982
Municipal Bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	669,164	577,703
Gross unrealized, gains	8,886	10,981
Gross unrealized, losses	(3,009)	(1,007)
Debt securities, Estimated fair value	675,041	587,677
Foreign Bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	189,499	194,749
Gross unrealized, gains	3,002	2,009
Gross unrealized, losses	(53)	(8)
Debt securities, Estimated fair value	192,448	196,750
Governmental Agency Bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	419,150	198,330
Gross unrealized, gains	1,004	1,562
Gross unrealized, losses	(2,425)	(2,018)
Debt securities, Estimated fair value	417,729	197,874
Governmental Agency Mortgage-Backed Securities
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	2,016,851	1,812,766
Gross unrealized, gains	6,986	8,491
Gross unrealized, losses	(10,652)	(9,095)
Debt securities, Estimated fair value	2,013,185	1,812,162
Corporate Debt Securities
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	747,256	568,774
Gross unrealized, gains	6,307	8,759
Gross unrealized, losses	(8,372)	(3,264)
Debt securities, Estimated fair value	$ 745,191	574,269
Non-Agency Mortgage-Backed Securities
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost		15,949
Gross unrealized, gains		1,306
Gross unrealized, losses		(717)
Debt securities, Estimated fair value		$ 16,538

Debt and Equity Securities (I36

Debt and Equity Securities (Investments in Equity Securities, Classified as Available-For-Sale) (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Schedule Of Available For Sale Securities [Line Items]
Equity securities, Amortized Cost	$ 291,129	$ 393,914
Equity securities, Gross unrealized gains	18,564	17,276
Equity securities, Gross unrealized losses	(5,612)	(8,778)
Equity securities	304,081	402,412
Preferred stocks
Schedule Of Available For Sale Securities [Line Items]
Equity securities, Amortized Cost	19,578	14,976
Equity securities, Gross unrealized gains	688	596
Equity securities, Gross unrealized losses	(1,225)	(47)
Equity securities	19,041	15,525
Common stocks
Schedule Of Available For Sale Securities [Line Items]
Equity securities, Amortized Cost	271,551	378,938
Equity securities, Gross unrealized gains	17,876	16,680
Equity securities, Gross unrealized losses	(4,387)	(8,731)
Equity securities	$ 285,040	$ 386,887

Debt and Equity Securities (Nar

Debt and Equity Securities (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Investments Debt And Equity Securities [Abstract]
Realized gains on sales of securities	$ 1.5	$ 8	$ 5.1	$ 14.6
Realized losses on sales of securities	$ 0.4	$ 0.6	$ 6.6	$ 4.3

Debt and Equity Securities (Gro

Debt and Equity Securities (Gross Unrealized Losses on Investments in Debt and Equity Securities) (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value, Less than 12 months	$ 1,769,276	$ 970,289
Unrealized losses, Less than 12 months	(23,226)	(14,162)
Estimated fair value, 12 months or longer	283,705	481,237
Unrealized losses, 12 months or longer	(8,507)	(10,906)
Estimated fair value, Total	2,052,981	1,451,526
Unrealized losses, Total	(31,733)	(25,068)
Debt Securities
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value, Less than 12 months	1,661,595	761,367
Unrealized losses, Less than 12 months	(19,393)	(5,575)
Estimated fair value, 12 months or longer	266,154	478,897
Unrealized losses, 12 months or longer	(6,728)	(10,715)
Estimated fair value, Total	1,927,749	1,240,264
Unrealized losses, Total	(26,121)	(16,290)
Debt Securities | U.S. Treasury Bonds
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value, Less than 12 months	56,754	8,122
Unrealized losses, Less than 12 months	(1,580)	(27)
Estimated fair value, 12 months or longer	11,012	15,124
Unrealized losses, 12 months or longer	(30)	(154)
Estimated fair value, Total	67,766	23,246
Unrealized losses, Total	(1,610)	(181)
Debt Securities | Municipal Bonds
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value, Less than 12 months	248,986	137,755
Unrealized losses, Less than 12 months	(2,807)	(689)
Estimated fair value, 12 months or longer	12,983	19,625
Unrealized losses, 12 months or longer	(202)	(318)
Estimated fair value, Total	261,969	157,380
Unrealized losses, Total	(3,009)	(1,007)
Debt Securities | Foreign Bonds
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value, Less than 12 months	7,713	6,215
Unrealized losses, Less than 12 months	(53)	(8)
Estimated fair value, Total	7,713	6,215
Unrealized losses, Total	(53)	(8)
Debt Securities | Governmental Agency Bonds
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value, Less than 12 months	237,630	27,479
Unrealized losses, Less than 12 months	(2,005)	(88)
Estimated fair value, 12 months or longer	44,764	127,936
Unrealized losses, 12 months or longer	(420)	(1,930)
Estimated fair value, Total	282,394	155,415
Unrealized losses, Total	(2,425)	(2,018)
Debt Securities | Governmental Agency Mortgage-Backed Securities
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value, Less than 12 months	797,995	383,717
Unrealized losses, Less than 12 months	(5,197)	(1,612)
Estimated fair value, 12 months or longer	179,534	300,918
Unrealized losses, 12 months or longer	(5,455)	(7,483)
Estimated fair value, Total	977,529	684,635
Unrealized losses, Total	(10,652)	(9,095)
Debt Securities | Corporate Debt Securities
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value, Less than 12 months	312,517	198,079
Unrealized losses, Less than 12 months	(7,751)	(3,151)
Estimated fair value, 12 months or longer	17,861	9,683
Unrealized losses, 12 months or longer	(621)	(113)
Estimated fair value, Total	330,378	207,762
Unrealized losses, Total	(8,372)	(3,264)
Debt Securities | Non-Agency Mortgage-Backed Securities
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value, 12 months or longer		5,611
Unrealized losses, 12 months or longer		(717)
Estimated fair value, Total		5,611
Unrealized losses, Total		(717)
Equity securities
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value, Less than 12 months	107,681	208,922
Unrealized losses, Less than 12 months	(3,833)	(8,587)
Estimated fair value, 12 months or longer	17,551	2,340
Unrealized losses, 12 months or longer	(1,779)	(191)
Estimated fair value, Total	125,232	211,262
Unrealized losses, Total	$ (5,612)	$ (8,778)

Debt and Equity Securities (I39

Debt and Equity Securities (Investments in Debt Securities) (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	$ 4,144,781	$ 3,432,466
Debt securities, Estimated fair value	4,145,414	3,450,252
U.S. Treasury Bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, Due in one year or less	3,680
Amortized cost, Due after one through five years	69,082
Amortized cost, Due after five through ten years	13,615
Amortized cost, Due after ten years	16,484
Amortized Cost	102,861	64,195
Estimated fair value, Due in one year or less	3,738
Estimated fair value, Due after one through five years	69,157
Estimated fair value, Due after five through ten years	13,512
Estimated fair value, Due after ten years	15,413
Debt securities, Estimated fair value	101,820	64,982
Municipal Bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, Due in one year or less	37,237
Amortized cost, Due after one through five years	278,179
Amortized cost, Due after five through ten years	220,717
Amortized cost, Due after ten years	133,031
Amortized Cost	669,164	577,703
Estimated fair value, Due in one year or less	37,389
Estimated fair value, Due after one through five years	280,146
Estimated fair value, Due after five through ten years	223,300
Estimated fair value, Due after ten years	134,206
Debt securities, Estimated fair value	675,041	587,677
Foreign Bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, Due in one year or less	48,442
Amortized cost, Due after one through five years	126,251
Amortized cost, Due after five through ten years	11,652
Amortized cost, Due after ten years	3,154
Amortized Cost	189,499	194,749
Estimated fair value, Due in one year or less	48,788
Estimated fair value, Due after one through five years	128,657
Estimated fair value, Due after five through ten years	11,834
Estimated fair value, Due after ten years	3,169
Debt securities, Estimated fair value	192,448	196,750
Governmental Agency Bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, Due in one year or less	12,293
Amortized cost, Due after one through five years	354,761
Amortized cost, Due after five through ten years	28,247
Amortized cost, Due after ten years	23,849
Amortized Cost	419,150	198,330
Estimated fair value, Due in one year or less	12,312
Estimated fair value, Due after one through five years	353,776
Estimated fair value, Due after five through ten years	28,418
Estimated fair value, Due after ten years	23,223
Debt securities, Estimated fair value	417,729	197,874
Corporate Debt Securities
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, Due in one year or less	19,668
Amortized cost, Due after one through five years	289,397
Amortized cost, Due after five through ten years	370,973
Amortized cost, Due after ten years	67,218
Amortized Cost	747,256	568,774
Estimated fair value, Due in one year or less	19,900
Estimated fair value, Due after one through five years	292,130
Estimated fair value, Due after five through ten years	368,710
Estimated fair value, Due after ten years	64,451
Debt securities, Estimated fair value	745,191	$ 574,269
Debt Securities Excluding Mortgage Backed Securities
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, Due in one year or less	121,320
Amortized cost, Due after one through five years	1,117,670
Amortized cost, Due after five through ten years	645,204
Amortized cost, Due after ten years	243,736
Amortized Cost	2,127,930
Estimated fair value, Due in one year or less	122,127
Estimated fair value, Due after one through five years	1,123,866
Estimated fair value, Due after five through ten years	645,774
Estimated fair value, Due after ten years	240,462
Debt securities, Estimated fair value	2,132,229
Total Mortgage-Backed Securities
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	2,016,851
Estimated fair value	$ 2,013,185

Goodwill (Carrying Amount of Go

Goodwill (Carrying Amount of Goodwill by Operating Segment) (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2015USD ($)
Goodwill [Line Items]
Beginning balance	$ 959,945
Acquisitions	14,183
Foreign currency translation	(3,618)
Ending balance	970,510
Title Insurance and Services
Goodwill [Line Items]
Beginning balance	913,180
Acquisitions	14,183
Foreign currency translation	(3,618)
Ending balance	923,745
Specialty Insurance
Goodwill [Line Items]
Beginning balance	46,765
Ending balance	$ 46,765

Goodwill (Narrative) (Detail)

Goodwill (Narrative) (Detail)	Jun. 30, 2015USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Accumulated goodwill impairment	$ 0

Other Intangible Assets (Schedu

Other Intangible Assets (Schedule of Other Intangible Assets) (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Intangible Assets Net Excluding Goodwill [Abstract]
Customer relationships	$ 95,788	$ 94,850
Noncompete agreements	27,631	27,286
Trademarks	9,398	11,241
Patents	2,840	2,840
Finite-lived intangible assets, gross	135,657	136,217
Accumulated amortization	(98,996)	(97,282)
Finite-lived intangible assets, net	36,661	38,935
Licenses	16,877	16,877
Other intangibles assets, net	$ 53,538	$ 55,812

Other Intangible Assets (Narrat

Other Intangible Assets (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Intangible Assets Net Excluding Goodwill [Abstract]
Amortization expense	$ 2.4	$ 2.2	$ 4.8	$ 5.2

Other Intangible Assets (Estima

Other Intangible Assets (Estimated Amortization Expense for Finite-Lived Intangible Assets) (Detail) $ in Thousands	Jun. 30, 2015USD ($)
Intangible Assets Net Excluding Goodwill [Abstract]
Remainder of 2015	$ 4,582
2,016	8,511
2,017	7,250
2,018	4,797
2,019	4,004
2,020	$ 2,162

Reserve for Known and Incurre45

Reserve for Known and Incurred but Not Reported Claims (Summary of Loss Reserves) (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Insurance [Abstract]
Known title claims, amount	$ 93,230	$ 165,330
Incurred but not reported claims, amount	812,140	802,069
Total title claims, amount	905,370	967,399
Non-title claims, amount	51,416	44,381
Total loss reserves, amount	$ 956,786	$ 1,011,780
Known title claims, percent	9.70%	16.30%
Incurred but not reported claims, percent	84.90%	79.30%
Total title claims, percent	94.60%	95.60%
Non-title claims, percent	5.40%	4.40%
Total loss reserves, percent	100.00%	100.00%

Reserve for Known and Incurre46

Reserve for Known and Incurred but Not Reported Claims (Narrative) (Detail) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Reserve For Known And Incurred But Not Reported Claims [Line Items]
Known title claims, amount	$ 93,230			$ 93,230		$ 165,330
Decline in reserve for known title claims, amount				$ 72,100
Decline in reserve for known title claims, percentage				43.60%
Amount of payments to settle claims net of recovered through reinsurance		$ 35,000
Amount recovered through reinsurance		$ 21,000
Provision for title loss, percentage of title premiums and escrow fees	6.50%		8.90%	6.50%	7.50%
Ultimate loss rate	6.00%		6.00%
Estimated increase in loss reserve for prior policy years	$ 5,100		$ 25,100
Known title large claims
Reserve For Known And Incurred But Not Reported Claims [Line Items]
Known title claims, amount						$ 56,000

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Effective income tax rate	33.90%	33.70%	34.50%	35.10%
Net payable related to spin-off tax liabilities	$ 35.6		$ 35.6		$ 35.1
Liability for income taxes associated with uncertain tax positions	24.2		24.2		24.1
Offsetting tax benefits related to uncertain tax positions	3.4		3.4		3.4
Uncertain tax positions, net	20.8		20.8		20.7
Accrued interest and penalties on uncertain tax positions	$ 9.3		9.3		8.9
Other tax benefits related to interest and penalties of uncertain tax positions			$ 3.9		$ 3.7
Unrecognized tax positions increase decrease, months			It is reasonably possible that the amount of the unrecognized benefit with respect to certain of the Company’s unrecognized tax positions may significantly decrease within the next 12 months. These changes may be the result of ongoing audits or the expiration of federal and state statutes of limitations for the assessment of taxes.

Earnings Per Share (Schedule of

Earnings Per Share (Schedule of Earnings Per Share) (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share [Abstract]
Net income attributable to the Company	$ 93,347	$ 50,594	$ 130,979	$ 72,318
Less: dividends and undistributed earnings allocated to unvested restricted stock units (“RSUs”)	88	123	150	176
Net income allocated to common stockholders	$ 93,259	$ 50,471	$ 130,829	$ 72,142
Basic weighted-average shares	108,459	106,878	108,102	106,522
Effect of dilutive employee stock options and RSUs	1,337	1,769	1,484	1,901
Diluted weighted-average shares	109,796	108,647	109,586	108,423
Basic	$ 0.86	$ 0.47	$ 1.21	$ 0.68
Diluted	$ 0.85	$ 0.47	$ 1.19	$ 0.67

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Stock Options ​and​ Restricted​ Stock​ Units
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Stock options and RSUs excluded from the weighted-average diluted common shares outstanding	4	134	2	133

Employee Benefit Plans (Net Per

Employee Benefit Plans (Net Periodic Cost) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Compensation And Retirement Disclosure [Abstract]
Service costs	$ 390	$ 329	$ 780	$ 658
Interest costs	7,009	6,956	14,018	13,912
Expected return on plan assets	(5,448)	(4,694)	(10,896)	(9,388)
Amortization of net actuarial loss	8,492	7,407	16,984	14,814
Amortization of prior service credit	(1,041)	(1,038)	(2,082)	(2,076)
Net periodic cost	$ 9,402	$ 8,960	$ 18,804	$ 17,920

Employee Benefit Plans (Narrati

Employee Benefit Plans (Narrative) (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2015USD ($)
Compensation And Retirement Disclosure [Abstract]
Contribution	$ 17.7
Expected additional contributions remainder of 2015	$ 18.1

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value of Assets Measured on Recurring Basis) (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Total assets	$ 4,449,495	$ 3,852,664
Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Available for sale securities, estimated fair value	4,145,414	3,450,252
Equity securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Available for sale securities, estimated fair value	304,081	402,412
U.S. Treasury Bonds | Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Available for sale securities, estimated fair value	101,820	64,982
Municipal Bonds | Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Available for sale securities, estimated fair value	675,041	587,677
Foreign Bonds | Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Available for sale securities, estimated fair value	192,448	196,750
Governmental Agency Bonds | Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Available for sale securities, estimated fair value	417,729	197,874
Governmental Agency Mortgage-Backed Securities | Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Available for sale securities, estimated fair value	2,013,185	1,812,162
Corporate Debt Securities | Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Available for sale securities, estimated fair value	745,191	574,269
Preferred stocks | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Available for sale securities, estimated fair value	19,041	15,525
Common Stock | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Available for sale securities, estimated fair value	285,040	386,887
Non-Agency Mortgage-Backed Securities | Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Available for sale securities, estimated fair value		16,538
Level 1
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Total assets	304,081	402,412
Level 1 | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Available for sale securities, estimated fair value	304,081	402,412
Level 1 | Preferred stocks | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Available for sale securities, estimated fair value	19,041	15,525
Level 1 | Common Stock | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Available for sale securities, estimated fair value	285,040	386,887
Level 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Total assets	4,134,056	3,433,714
Level 2 | Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Available for sale securities, estimated fair value	4,134,056	3,433,714
Level 2 | U.S. Treasury Bonds | Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Available for sale securities, estimated fair value	101,820	64,982
Level 2 | Municipal Bonds | Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Available for sale securities, estimated fair value	675,041	587,677
Level 2 | Foreign Bonds | Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Available for sale securities, estimated fair value	192,448	196,750
Level 2 | Governmental Agency Bonds | Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Available for sale securities, estimated fair value	417,729	197,874
Level 2 | Governmental Agency Mortgage-Backed Securities | Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Available for sale securities, estimated fair value	2,013,185	1,812,162
Level 2 | Corporate Debt Securities | Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Available for sale securities, estimated fair value	733,833	574,269
Level 3
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Total assets	11,358	16,538
Level 3 | Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Available for sale securities, estimated fair value	11,358	16,538
Level 3 | Corporate Debt Securities | Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Available for sale securities, estimated fair value	$ 11,358
Level 3 | Non-Agency Mortgage-Backed Securities | Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Available for sale securities, estimated fair value		$ 16,538

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Detail) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value assets, Level 1 to Level 2 transfers amount	$ 0	$ 0	$ 0
Fair value assets, Level 2 to Level 1 transfers amount	0	0	0
Transfers into Level 3		2,504,000
Transfers out of Level 3		$ 26,083,000
Non-Agency Mortgage-Backed Securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Transfers into Level 3	0		0
Transfers out of Level 3	$ 0		$ 0

Fair Value Measurements (Summar

Fair Value Measurements (Summary of Changes in Fair Value of Level 3 Assets Measured on Recurring Basis) (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value at beginning of period			$ 16,538,000
Transfers into Level 3			2,504,000
Transfers out of Level 3			(26,083,000)
Net realized investment losses			(1,056,000)
Included in other comprehensive income (loss)			(545,000)
Purchases			37,045,000
Sales			(15,587,000)
Settlements			(1,458,000)
Fair value at end of period	$ 11,358,000		11,358,000
Corporate Debt Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value at beginning of period	32,566,000
Transfers into Level 3	2,504,000		2,504,000
Transfers out of Level 3	(26,083,000)		(26,083,000)
Net realized investment losses	(43,000)		(41,000)
Included in other comprehensive income (loss)	(205,000)		44,000
Purchases	4,488,000		37,045,000
Sales	(481,000)		(653,000)
Settlements	(1,388,000)		(1,458,000)
Fair value at end of period	$ 11,358,000		11,358,000
Non-Agency Mortgage-Backed Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value at beginning of period		$ 18,646,000	16,538,000	$ 19,022,000
Transfers into Level 3		0		0
Transfers out of Level 3		0		0
Net realized investment losses			(1,015,000)
Net other-than-temporary impairment losses		(515,000)		(1,033,000)
Included in other comprehensive income (loss)		223,000	(589,000)	689,000
Sales			$ (14,934,000)
Settlements		(360,000)		(684,000)
Fair value at end of period		$ 17,994,000		$ 17,994,000

Fair Value Measurements (Carryi

Fair Value Measurements (Carrying Amounts and Estimated Fair Values of Financial Instruments Not Measured at Fair Value) (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Carrying Amount
Assets:
Cash and cash equivalents	$ 1,269,660	$ 1,190,080
Deposits with banks	17,972	21,445
Notes receivable, net	6,177	6,130
Liabilities:
Deposits	2,965,293	2,332,714
Notes and contracts payable	584,538	587,337
Estimated Fair Value
Assets:
Cash and cash equivalents	1,269,660	1,190,080
Deposits with banks	18,033	21,540
Notes receivable, net	4,428	3,930
Liabilities:
Deposits	2,965,293	2,332,714
Notes and contracts payable	588,949	595,087
Estimated Fair Value | Level 1
Assets:
Cash and cash equivalents	1,269,660	1,190,080
Deposits with banks	3,563	4,068
Liabilities:
Deposits	2,965,293	2,332,714
Estimated Fair Value | Level 2
Assets:
Deposits with banks	14,470	17,472
Liabilities:
Notes and contracts payable	583,838	588,542
Estimated Fair Value | Level 3
Assets:
Notes receivable, net	4,428	3,930
Liabilities:
Notes and contracts payable	$ 5,111	$ 6,545

Share-Based Compensation (Share

Share-Based Compensation (Share-Based Compensation Expense) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	$ 4,705	$ 3,121	$ 15,563	$ 12,519
RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	4,117	3,091	14,219	11,365
Stock options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	68	68	135	135
Employee stock purchase plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	$ 520	$ (38)	$ 1,209	$ 1,019

Share-Based Compensation (Summa

Share-Based Compensation (Summary of RSU Activity) (Detail) - 6 months ended Jun. 30, 2015 - Restricted stock units - $ / shares shares in Thousands	Total
RSU, Shares
Beginning Balance, Shares	2,337
Granted, Shares	721
Vested, Shares	(947)
Forfeited, Shares	(20)
Ending Balance, Shares	2,091
RSU, Weighted-average grant-date fair value
Beginning Balance, Weighted-average grant-date fair value	$ 21.21
Granted, Weighted-average grant-date fair value	34.76
Vested, Weighted-average grant-date fair value	18.12
Forfeited, Weighted-average grant-date fair value	28.04
Ending Balance, Weighted-average grant-date fair value	$ 27.22

Share-Based Compensation (Sum58

Share-Based Compensation (Summary of Stock Option Activity) (Detail) - Jun. 30, 2015 - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	Total
Stock option, number outstanding
Beginning Balance, Number outstanding	686
Exercised, Number outstanding	(290)
Ending Balance, Number outstanding	396
Vested and expected to vest at June 30, 2015, Number outstanding	396
Exercisable at June 30, 2015, Number outstanding	296
Stock option, weighted-average exercise price
Beginning Balance, Weighted-average exercise price	$ 20.18
Exercised, Weighted-average exercise price	16.59
Ending Balance, Weighted-average exercise price	22.82
Vested and expected to vest at June 30, 2015, Weighted-average exercise price	22.82
Exercisable at June 30, 2015, Weighted-average exercise price	$ 21.19
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures
Ending Balance, Weighted-average remaining contractual term, years	3 years 1 month 6 days
Vested and expected to vest at June 30, 2015, Weighted-average remaining contractual term, years	3 years 1 month 6 days
Exercisable at June 30, 2015, Weighted-average remaining contractual term, years	1 year 3 months 18 days
Ending Balance, Aggregate intrinsic value	$ 5,693
Vested and expected to vest at June 30, 2015, Aggregate intrinsic value	5,693
Exercisable at June 30, 2015, Aggregate intrinsic value	$ 4,745

Accumulated Other Comprehensi59

Accumulated Other Comprehensive Income (Loss) (Components of Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated other comprehensive income (loss) including non-controlling interest, Beginning Balance			$ (199,089)
Change in unrealized gains (losses) on securities			(12,699)
Change in foreign currency translation adjustments			(13,794)
Amortization of net actuarial loss			16,984
Amortization of prior service cost			(2,082)
Tax effect	$ 12,467	$ (11,416)	(1,433)	$ (21,660)
Accumulated other comprehensive income (loss) including non-controlling interest, Ending Balance	(212,113)		(212,113)
Accumulated other comprehensive income (loss), Allocated to the Company	(212,124)		(212,124)		$ (199,106)
Accumulated other comprehensive income (loss), Allocated to noncontrolling interests	11		11
Unrealized Gains (Losses) on Securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated other comprehensive income (loss) including non-controlling interest, Beginning Balance			10,911
Change in unrealized gains (losses) on securities			(12,699)
Tax effect	15,317	(8,939)	4,267	(16,705)
Accumulated other comprehensive income (loss) including non-controlling interest, Ending Balance	2,479		2,479
Accumulated other comprehensive income (loss), Allocated to the Company	2,468		2,468
Accumulated other comprehensive income (loss), Allocated to noncontrolling interests	11		11
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated other comprehensive income (loss) including non-controlling interest, Beginning Balance			(20,420)
Change in foreign currency translation adjustments			(13,794)
Accumulated other comprehensive income (loss) including non-controlling interest, Ending Balance	(34,214)		(34,214)
Accumulated other comprehensive income (loss), Allocated to the Company	(34,214)		(34,214)
Pension Benefit Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated other comprehensive income (loss) including non-controlling interest, Beginning Balance			(189,580)
Amortization of net actuarial loss			16,984
Amortization of prior service cost			(2,082)
Tax effect	(2,850)	$ (2,477)	(5,700)	$ (4,955)
Accumulated other comprehensive income (loss) including non-controlling interest, Ending Balance	(180,378)		(180,378)
Accumulated other comprehensive income (loss), Allocated to the Company	$ (180,378)		$ (180,378)

Accumulated Other Comprehensi60

Accumulated Other Comprehensive Income (Loss) (Other Comprehensive Income (Loss) Reclassification Adjustments) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Accumulated Other Comprehensive Income Loss [Line Items]
Pretax change before reclassifications	$ (37,918)	$ 41,430	$ (28,145)	$ 57,525
Reclassifications out of AOCI	6,412	(471)	16,554	3,729
Tax effect	12,467	(11,416)	(1,433)	(21,660)
Other comprehensive (loss) income, net of tax	(19,039)	29,543	(13,024)	39,594
Unrealized Gains (Losses) on Securities
Accumulated Other Comprehensive Income Loss [Line Items]
Pretax change before reclassifications	(42,784)	29,818	(14,351)	51,953
Reclassifications out of AOCI	(1,039)	(6,840)	1,652	(9,009)
Tax effect	15,317	(8,939)	4,267	(16,705)
Other comprehensive (loss) income, net of tax	(28,506)	14,039	(8,432)	26,239
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income Loss [Line Items]
Pretax change before reclassifications	4,866	11,612	(13,794)	5,572
Other comprehensive (loss) income, net of tax	4,866	11,612	(13,794)	5,572
Pension Benefit Adjustment
Accumulated Other Comprehensive Income Loss [Line Items]
Reclassifications out of AOCI	7,451	6,369	14,902	12,738
Tax effect	(2,850)	(2,477)	(5,700)	(4,955)
Other comprehensive (loss) income, net of tax	$ 4,601	$ 3,892	$ 9,202	$ 7,783

Accumulated Other Comprehensi61

Accumulated Other Comprehensive Income (Loss) (Reclassifications Out of Accumulated Other Comprehensive Income (Loss)) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net realized gains (losses) on sales of securities	$ (3,868)	$ (6,275)	$ (2,915)	$ (8,869)
Pretax total	(6,412)	471	(16,554)	(3,729)
Income taxes	48,043	25,770	69,195	39,171
Amortization of net actuarial loss	8,492	7,407	16,984	14,814
Amortization of prior service credit	(1,041)	(1,038)	(2,082)	(2,076)
Unrealized Gains (Losses) on Securities
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Pretax total	1,039	6,840	(1,652)	9,009
Pension Benefit Adjustment
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Pretax total	(7,451)	(6,369)	(14,902)	(12,738)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) | Unrealized Gains (Losses) on Securities
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net realized gains (losses) on sales of securities	1,039	7,355	(1,652)	10,042
Net other-than-temporary impairment losses		(515)		(1,033)
Pretax total	1,039	6,840	(1,652)	9,009
Income taxes	(363)	(2,661)	555	(3,505)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) | Pension Benefit Adjustment
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Pretax total	(7,451)	(6,369)	(14,902)	(12,738)
Income taxes	2,850	2,477	5,700	4,955
Amortization of net actuarial loss	(8,492)	(7,407)	(16,984)	(14,814)	[1]
Amortization of prior service credit	$ 1,041	$ 1,038	$ 2,082	$ 2,076	[1]
[1]	These accumulated other comprehensive income components are included in the computation of net periodic cost. See Note 9 Employee Benefit Plans for additional details.

Segment Information (Narrative)

Segment Information (Narrative) (Detail)	6 Months Ended
	Jun. 30, 2015State
Segment Reporting [Abstract]
Number of states issues title insurance policies	49
Number of states licensed to issues property and casualty insurance policies	50
Number of states issues property and casualty policies	46
Number of states issues home warranty contracts	39

Segment Information (Schedule o

Segment Information (Schedule of Selected Financial Information) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Revenues	$ 1,323,789	$ 1,149,969	$ 2,434,873	$ 2,162,768
Income (loss) before income taxes	141,622	76,458	200,570	111,711
Depreciation and amortization	21,463	19,780	42,317	39,752
Capital expenditures	29,964	18,906	62,036	40,063
Operating Segments | Title Insurance and Services
Segment Reporting Information [Line Items]
Revenues	1,227,058	1,055,395	2,246,830	1,980,724
Income (loss) before income taxes	154,738	84,837	224,238	127,473
Depreciation and amortization	20,164	17,623	39,690	35,537
Capital expenditures	28,841	18,028	60,159	38,007
Operating Segments | Specialty Insurance
Segment Reporting Information [Line Items]
Revenues	97,653	91,184	192,189	178,325
Income (loss) before income taxes	10,590	11,035	27,764	24,933
Depreciation and amortization	1,177	1,338	2,382	2,577
Capital expenditures	1,123	878	1,877	2,056
Corporate
Segment Reporting Information [Line Items]
Revenues	(893)	3,779	(3,720)	4,498
Income (loss) before income taxes	(23,706)	(19,414)	(51,432)	(40,695)
Depreciation and amortization	122	819	245	1,638
Eliminations
Segment Reporting Information [Line Items]
Revenues	$ (29)	$ (389)	$ (426)	$ (779)