First American Financial (FAF) 10-Q 25 Jul 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Jul. 22, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Trading Symbol	FAF
Entity Registrant Name	First American Financial Corp
Entity Central Index Key	0001472787
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding		112,224,942
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	001-34580
Entity Tax Identification Number	26-1911571
Entity Address, Address Line One	1 First American Way
Entity Address, City or Town	Santa Ana
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92707-5913
City Area Code	714
Local Phone Number	250-3000
Title of 12(b) Security	Common stock, $0.00001 par value
Security Exchange Name	NYSE
Entity Incorporation, State or Country Code	CA
Document Quarterly Report	true
Document Transition Report	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 1,411,965	$ 1,467,129
Accounts and accrued income receivable, net	352,219	325,686
Income taxes receivable	15,272	11,007
Investments:
Deposits with banks	38,054	36,209
Debt securities, includes pledged securities of $90,071 and $110,975	5,999,922	5,713,811
Equity securities	399,048	353,535
Other investments	194,847	121,965
Investments, Total	6,631,871	6,225,520
Secured financings receivable	201,206	76,311
Property and equipment, net	451,294	457,840
Operating lease assets	300,698
Title plants and other indexes	581,515	577,467
Deferred income taxes	16,636	16,636
Goodwill	1,150,155	1,144,166
Other intangible assets, net	96,535	109,372
Other assets	233,812	219,501
Total assets	11,443,178	10,630,635
Liabilities and Equity
Deposits	3,789,559	3,786,183
Accounts payable and accrued liabilities	709,324	778,688
Deferred revenue	243,062	243,280
Reserve for known and incurred but not reported claims	1,042,208	1,042,679
Income taxes payable	108,766	8,988
Deferred income taxes	217,097	217,097
Operating lease liabilities	325,400
Secured financings payable	190,114	76,313
Notes and contracts payable	729,614	732,019
Total liabilities	7,355,144	6,885,247
Commitments and contingencies (Note 15)
Stockholders’ equity:
Preferred stock, $0.00001 par value; Authorized—500 shares; Outstanding—none	0	0
Common stock, $0.00001 par value; Authorized—300,000 shares; Outstanding—112,217 shares and 111,496 shares	1	1
Additional paid-in capital	2,276,737	2,258,290
Retained earnings	1,845,865	1,644,165
Accumulated other comprehensive loss	(37,714)	(160,575)
Total stockholders’ equity	4,084,889	3,741,881
Noncontrolling interests	3,145	3,507
Total equity	4,088,034	3,745,388
Total liabilities and equity	$ 11,443,178	$ 10,630,635

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Statement Of Financial Position [Abstract]
Pledged securities included in debt securities	$ 90,071	$ 110,975
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	112,217,000	111,496,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues
Direct premiums and escrow fees	$ 668,018	$ 661,582	$ 1,182,220	$ 1,205,460
Agent premiums	543,847	559,004	1,045,384	1,086,718
Information and other	200,669	208,752	373,561	397,410
Net investment income	77,711	56,334	159,979	99,126
Net realized investment gains (losses)	8,375	5,485	41,057	(169)
Total revenues	1,498,620	1,491,157	2,802,201	2,788,545
Expenses
Personnel costs	447,027	448,974	858,639	862,616
Premiums retained by agents	429,086	439,550	825,693	856,187
Other operating expenses	222,348	228,935	418,795	447,415
Provision for policy losses and other claims	109,130	113,619	206,842	214,199
Depreciation and amortization	32,884	31,058	65,818	60,805
Premium taxes	16,740	17,049	31,403	33,063
Interest	11,908	10,004	23,844	19,227
Total expenses	1,269,123	1,289,189	2,431,034	2,493,512
Income before income taxes	229,497	201,968	371,167	295,033
Income taxes	42,226	46,877	74,092	63,770
Net income	187,271	155,091	297,075	231,263
Less: Net income (loss) attributable to noncontrolling interests	616	(49)	845	(104)
Net income attributable to the Company	$ 186,655	$ 155,140	$ 296,230	$ 231,367
Net income per share attributable to the Company's stockholders (Note 10):
Basic	$ 1.65	$ 1.38	$ 2.62	$ 2.06
Diluted	1.64	1.37	2.61	2.05
Cash dividends declared per share	$ 0.42	$ 0.38	$ 0.84	$ 0.76
Weighted-average common shares outstanding (Note 10):
Basic	113,050	112,556	112,881	112,406
Diluted	113,498	113,117	113,366	113,093

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 187,271	$ 155,091	$ 297,075	$ 231,263
Other comprehensive income (loss), net of tax:
Unrealized gains (losses) on debt securities	53,174	(12,475)	112,679	(59,271)
Foreign currency translation adjustment	3,444	(10,545)	10,332	(14,297)
Pension benefit adjustment	(75)	119	(151)	239
Total other comprehensive income (loss), net of tax	56,543	(22,901)	122,860	(73,329)
Comprehensive income	243,814	132,190	419,935	157,934
Less: Comprehensive income (loss) attributable to noncontrolling interests	616	(49)	844	(123)
Comprehensive income attributable to the Company	$ 243,198	$ 132,239	$ 419,091	$ 158,057

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - 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, 2017	$ 3,483,025	$ 1	$ 2,236,351	$ 1,311,112	$ (67,509)	$ 3,479,955	$ 3,070
Balance, Shares at Dec. 31, 2017		110,925
Cumulative-effect adjustment | Accounting Standards Update 2016-01				40,550	(40,550)
Net income (loss)	76,172			76,227		76,227	(55)
Dividends on common shares	(42,330)			(42,330)		(42,330)
Shares issued in connection with share-based compensation, value	(12,606)		(11,759)	(847)		(12,606)
Shares issued in connection with share-based compensation, shares		620
Share-based compensation	19,509		19,509			19,509
Net activity related to noncontrolling interests	(901)		189			189	(1,090)
Other comprehensive income (loss)	(50,428)				(50,409)	(50,409)	(19)
Balance, Value at Mar. 31, 2018	3,472,441	$ 1	2,244,290	1,384,712	(158,468)	3,470,535	1,906
Balance, Shares at Mar. 31, 2018		111,545
Balance, Value at Dec. 31, 2017	3,483,025	$ 1	2,236,351	1,311,112	(67,509)	3,479,955	3,070
Balance, Shares at Dec. 31, 2017		110,925
Net income (loss)	231,263
Other comprehensive income (loss)	(73,329)
Balance, Value at Jun. 30, 2018	3,571,222	$ 1	2,254,253	1,496,638	(181,369)	3,569,523	1,699
Balance, Shares at Jun. 30, 2018		111,658
Balance, Value at Mar. 31, 2018	3,472,441	$ 1	2,244,290	1,384,712	(158,468)	3,470,535	1,906
Balance, Shares at Mar. 31, 2018		111,545
Net income (loss)	155,091			155,140		155,140	(49)
Dividends on common shares	(42,387)			(42,387)		(42,387)
Shares issued in connection with share-based compensation, value	1,377		2,204	(827)		1,377
Shares issued in connection with share-based compensation, shares		113
Share-based compensation	7,626		7,626			7,626
Net activity related to noncontrolling interests	(25)		133			133	(158)
Other comprehensive income (loss)	(22,901)				(22,901)	(22,901)
Balance, Value at Jun. 30, 2018	3,571,222	$ 1	2,254,253	1,496,638	(181,369)	3,569,523	1,699
Balance, Shares at Jun. 30, 2018		111,658
Balance, Value at Dec. 31, 2018	$ 3,745,388	$ 1	2,258,290	1,644,165	(160,575)	3,741,881	3,507
Balance, Shares at Dec. 31, 2018	111,496	111,496
Cumulative-effect adjustment | Accounting Standards Update 2016-02	$ 1,283			1,283		1,283
Net income (loss)	109,804			109,575		109,575	229
Dividends on common shares	(47,021)			(47,021)		(47,021)
Purchase of Company shares	(2,066)		(2,066)			(2,066)
Purchase of Company shares, shares		(47)
Shares issued in connection with share-based compensation, value	(11,480)		(10,618)	(862)		(11,480)
Shares issued in connection with share-based compensation, shares		623
Share-based compensation	19,597		19,597			19,597
Net activity related to noncontrolling interests	(1,286)		(60)			(60)	(1,226)
Other comprehensive income (loss)	66,317				66,318	66,318	(1)
Balance, Value at Mar. 31, 2019	3,880,536	$ 1	2,265,143	1,707,140	(94,257)	3,878,027	2,509
Balance, Shares at Mar. 31, 2019		112,072
Balance, Value at Dec. 31, 2018	$ 3,745,388	$ 1	2,258,290	1,644,165	(160,575)	3,741,881	3,507
Balance, Shares at Dec. 31, 2018	111,496	111,496
Net income (loss)	$ 297,075
Other comprehensive income (loss)	122,860
Balance, Value at Jun. 30, 2019	$ 4,088,034	$ 1	2,276,737	1,845,865	(37,714)	4,084,889	3,145
Balance, Shares at Jun. 30, 2019	112,217	112,217
Balance, Value at Mar. 31, 2019	$ 3,880,536	$ 1	2,265,143	1,707,140	(94,257)	3,878,027	2,509
Balance, Shares at Mar. 31, 2019		112,072
Net income (loss)	187,271			186,655		186,655	616
Dividends on common shares	(47,084)			(47,084)		(47,084)
Shares issued in connection with share-based compensation, value	2,990		3,836	(846)		2,990
Shares issued in connection with share-based compensation, shares		145
Share-based compensation	7,758		7,758			7,758
Net activity related to noncontrolling interests	20						20
Other comprehensive income (loss)	56,543				56,543	56,543
Balance, Value at Jun. 30, 2019	$ 4,088,034	$ 1	$ 2,276,737	$ 1,845,865	$ (37,714)	$ 4,084,889	$ 3,145
Balance, Shares at Jun. 30, 2019	112,217	112,217

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities:
Net income	$ 297,075	$ 231,263
Adjustments to reconcile net income to cash provided by operating activities:
Provision for policy losses and other claims	206,842	214,199
Depreciation and amortization	65,818	60,805
Amortization of premiums and accretion of discounts on debt securities, net	11,369	13,451
Net realized investment (gains) losses	(41,057)	169
Share-based compensation	27,355	27,135
Equity in earnings of equity method investments, net	(162)	(708)
Dividends from equity method investments	2,332	1,774
Changes in assets and liabilities excluding effects of acquisitions and noncash transactions:
Claims paid, including assets acquired, net of recoveries	(199,895)	(213,538)
Net change in income tax accounts	45,174	20,560
Increase in accounts and accrued income receivable	(35,142)	(36,700)
Decrease in accounts payable and accrued liabilities	(71,196)	(59,871)
Increase (decrease) in deferred revenue	1,068	(1,149)
Other, net	(8,472)	(3,290)
Cash provided by operating activities	301,109	254,100
Cash flows from investing activities:
Net cash effect of acquisitions/dispositions	(4,725)	(73,757)
Net increase in deposits with banks	(2,268)	(757)
Purchases of debt and equity securities	(1,147,192)	(1,166,788)
Proceeds from sales of debt and equity securities	698,393	470,670
Proceeds from maturities of debt securities	342,790	282,754
Net (increase) decrease in other investments	(75,576)	563
Advances under secured financing agreements	(2,775,216)	(580,162)
Collections of secured financings receivable	2,650,317	553,632
Capital expenditures	(53,951)	(55,720)
Proceeds from sales of property and equipment	105	1,624
Cash used for investing activities	(367,323)	(567,941)
Cash flows from financing activities:
Net change in deposits	3,376	227,594
Borrowings under secured financing agreements	2,764,605	579,871
Repayments of secured financings payable	(2,650,804)	(553,513)
Borrowings under unsecured credit agreement	160,000	0
Repayments of notes and contracts payable	(162,905)	(2,681)
Net activity related to noncontrolling interests	(1,045)	(920)
Net payments in connection with share-based compensation	(8,490)	(11,229)
Purchase of Company shares	(2,066)
Payments of cash dividends	(94,105)	(84,717)
Cash provided by financing activities	8,566	154,405
Effect of exchange rate changes on cash	2,484	(1,280)
Net decrease in cash and cash equivalents	(55,164)	(160,716)
Cash and cash equivalents—Beginning of period	1,467,129	1,387,226
Cash and cash equivalents—End of period	1,411,965	1,226,510
Supplemental information:
Interest	22,936	18,591
Premium taxes	37,370	42,840
Income taxes, less refunds of $612 and $18	$ 28,902	$ 42,456

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Statement Of Cash Flows [Abstract]
Income taxes, refunds	$ 612	$ 18

Basis of Condensed Consolidated

Basis of Condensed Consolidated Financial Statements	6 Months Ended
	Jun. 30, 2019
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, 2018. 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 February 2016, the Financial Accounting Standards Board (“FASB”) issued updated guidance that requires the rights and obligations associated with leasing arrangements to be reflected on the balance sheet in order to increase transparency and comparability among organizations. Under the updated guidance, lessees are required to recognize a right-of-use asset and a liability to make lease payments and disclose key information about leasing arrangements. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2018. The updated guidance may either be adopted using a modified retrospective transition approach or may be initially applied on the adoption date with the recognition of a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The Company adopted and initially applied the updated guidance on January 1, 2019. Upon adoption, the Company recognized deferred gains of $1.3 million on previous sale and operating leaseback transactions as a cumulative-effect adjustment to retained earnings. The Company elected to adopt the package of practical expedients allowed under the guidance, which was applied to all leases as of the adoption date. The package of practical expedients included (1) entities could choose not to reassess whether any expired or existing contracts are or contain leases, (2) entities could choose not to reassess the lease classification for any expired or existing leases, and (3) entities could choose not to reassess initial direct costs for any existing leases. See Note 4 Leases for further information on the Company’s leasing arrangements. Pending Accounting Pronouncements In August 2018, the FASB issued updated guidance that is intended to reduce potential diversity in practice in accounting for the costs of implementing cloud computing arrangements (i.e., hosting arrangements) that are service contracts. The updated guidance aligns the requirements for capitalizing implementation costs for these arrangements with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software and hosting arrangements that include an internal-use software license. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2019, with early adoption permitted. The Company is currently assessing the impact of this guidance on its condensed consolidated financial statements. In August 2018, the FASB issued updated guidance as part of its disclosure framework project intended to improve the effectiveness of disclosures in the notes to the financial statements. The updated guidance eliminates, adds and modifies certain disclosure requirements related to fair value measurements. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2019, with early adoption permitted. Except for the disclosure requirements, the Company does not expect the adoption of this guidance to have a material impact on its condensed consolidated financial statements. In January 2017, the FASB issued updated guidance intended to simplify how an entity tests goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Under the updated guidance, an entity will perform its goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount and will recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value, with the loss recognized limited to the total amount of goodwill allocated to that reporting unit. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2019, 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 June 2016, the FASB issued updated guidance intended to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. The updated guidance replaces the current incurred loss impairment methodology with a methodology that reflects expected credit losses and requires the consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2019, with early adoption permitted. The Company is currently assessing the impact of this guidance on its condensed consolidated financial statements.

Escrow Deposits, Like-Kind Exch

Escrow Deposits, Like-Kind Exchange Deposits and Trust Assets	6 Months Ended
	Jun. 30, 2019
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 $8.2 billion and $7.6 billion at June 30, 2019 and December 31, 2018, respectively, of which $3.7 billion and $3.6 billion, respectively, were held at First American Trust, FSB. The escrow deposits held at First American Trust, FSB are temporarily invested in cash and cash equivalents and debt 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 $4.0 billion and $3.6 billion at June 30, 2019 and December 31, 2018, 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 with various financial institutions. The results from these programs are included as income or a reduction in expense in the condensed consolidated statements of income, 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 $2.4 billion and $2.7 billion at June 30, 2019 and December 31, 2018, respectively. The like-kind exchange deposits are held at third-party financial institutions and, due to the structure utilized to facilitate these transactions, the proceeds and property are not considered assets of the Company and, therefore, are not included in the accompanying condensed consolidated balance sheets. All such amounts are placed in deposit accounts insured, up to applicable limits, by the Federal Deposit Insurance Corporation. The Company could be held contingently liable to the customer for the transfers of property, disbursements of proceeds and the returns on such proceeds.

Debt and Equity Securities

Debt and Equity Securities	6 Months Ended
	Jun. 30, 2019
Investments Debt And Equity Securities [Abstract]
Debt and Equity Securities	Note 3 – Debt and Equity Securities Investments in debt securities, classified as available-for-sale, are as follows: (in thousands) Amortized Gross unrealized Estimated Gains Losses June 30, 2019 U.S. Treasury bonds $ 243,585 $ 1,746 $ (49 ) $ 245,282 Municipal bonds 1,048,405 38,331 (205 ) 1,086,531 Foreign government bonds 150,800 1,904 (150 ) 152,554 Governmental agency bonds 391,720 5,958 (514 ) 397,164 Governmental agency mortgage-backed securities 3,259,857 42,378 (9,940 ) 3,292,295 U.S. corporate debt securities 526,138 15,896 (1,051 ) 540,983 Foreign corporate debt securities 279,122 6,774 (783 ) 285,113 $ 5,899,627 $ 112,987 $ (12,692 ) $ 5,999,922 December 31, 2018 U.S. Treasury bonds $ 162,904 $ 741 $ (1,139 ) $ 162,506 Municipal bonds 1,050,134 7,210 (12,309 ) 1,045,035 Foreign government bonds 158,885 571 (2,159 ) 157,297 Governmental agency bonds 319,115 1,145 (4,093 ) 316,167 Governmental agency mortgage-backed securities 3,219,585 12,030 (29,016 ) 3,202,599 U.S. corporate debt securities 575,646 1,113 (15,499 ) 561,260 Foreign corporate debt securities 274,881 551 (6,485 ) 268,947 $ 5,761,150 $ 23,361 $ (70,700 ) $ 5,713,811 Sales of debt securities resulted in realized gains of $1.8 million and $4.9 million, realized losses of $1.7 million and $4.7 million, and proceeds of $231.3 million and $622.7 million for the three and six months ended June 30, 2019, respectively, and realized gains of $0.7 million and $1.3 million, realized losses of $2.6 million and $3.8 million, and proceeds of $186.6 million and $342.3 million for the three and six months ended June 30, 2018, respectively. Gross unrealized losses on investments in debt 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, 2019 U.S. Treasury bonds $ 8,921 $ (11 ) $ 14,863 $ (38 ) $ 23,784 $ (49 ) Municipal bonds 9,029 (46 ) 59,364 (159 ) 68,393 (205 ) Foreign government bonds 47,048 (79 ) 13,020 (71 ) 60,068 (150 ) Governmental agency bonds 15,282 (67 ) 45,817 (447 ) 61,099 (514 ) Governmental agency mortgage-backed securities 466,134 (1,963 ) 891,182 (7,977 ) 1,357,316 (9,940 ) U.S. corporate debt securities 66,367 (575 ) 48,940 (476 ) 115,307 (1,051 ) Foreign corporate debt securities 25,369 (400 ) 29,905 (383 ) 55,274 (783 ) $ 638,150 $ (3,141 ) $ 1,103,091 $ (9,551 ) $ 1,741,241 $ (12,692 ) December 31, 2018 U.S. Treasury bonds $ 19,749 $ (85 ) $ 55,615 $ (1,054 ) $ 75,364 $ (1,139 ) Municipal bonds 172,387 (1,772 ) 369,139 (10,537 ) 541,526 (12,309 ) Foreign government bonds 23,654 (1,037 ) 42,119 (1,122 ) 65,773 (2,159 ) Governmental agency bonds 56,270 (748 ) 90,631 (3,345 ) 146,901 (4,093 ) Governmental agency mortgage-backed securities 850,459 (6,955 ) 982,610 (22,061 ) 1,833,069 (29,016 ) U.S. corporate debt securities 374,473 (10,537 ) 109,844 (4,962 ) 484,317 (15,499 ) Foreign corporate debt securities 175,762 (4,575 ) 50,802 (1,910 ) 226,564 (6,485 ) $ 1,672,754 $ (25,709 ) $ 1,700,760 $ (44,991 ) $ 3,373,514 $ (70,700 ) Based on the Company’s review of its debt securities in an unrealized loss position at June 30, 2019, it determined that the losses were primarily the result of changes in interest rates, which were considered to be temporary, rather than a deterioration in credit quality. The Company does not intend to sell and it is not more likely than not that the Company will be required to sell these securities prior to recovering their amortized cost. As such, the Company does not consider these securities to be other-than-temporarily impaired at June 30, 2019. Investments in debt securities at June 30, 2019, 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 $ 173,833 $ 63,118 $ 109 $ 6,525 $ 243,585 Estimated fair value $ 173,928 $ 63,656 $ 138 $ 7,560 $ 245,282 Municipal bonds Amortized cost $ 70,793 $ 164,852 $ 256,433 $ 556,327 $ 1,048,405 Estimated fair value $ 71,018 $ 166,972 $ 266,762 $ 581,779 $ 1,086,531 Foreign government bonds Amortized cost $ 25,100 $ 98,871 $ 18,513 $ 8,316 $ 150,800 Estimated fair value $ 25,036 $ 99,847 $ 19,164 $ 8,507 $ 152,554 Governmental agency bonds Amortized cost $ 27,209 $ 120,988 $ 158,143 $ 85,380 $ 391,720 Estimated fair value $ 27,196 $ 121,778 $ 161,447 $ 86,743 $ 397,164 U.S. corporate debt securities Amortized cost $ 42,651 $ 274,338 $ 183,178 $ 25,971 $ 526,138 Estimated fair value $ 42,640 $ 280,571 $ 189,542 $ 28,230 $ 540,983 Foreign corporate debt securities Amortized cost $ 24,110 $ 172,822 $ 73,892 $ 8,298 $ 279,122 Estimated fair value $ 24,134 $ 175,232 $ 76,848 $ 8,899 $ 285,113 Total debt securities excluding mortgage-backed securities Amortized cost $ 363,696 $ 894,989 $ 690,268 $ 690,817 $ 2,639,770 Estimated fair value $ 363,952 $ 908,056 $ 713,901 $ 721,718 $ 2,707,627 Total mortgage-backed securities Amortized cost $ 3,259,857 Estimated fair value $ 3,292,295 Total debt securities Amortized cost $ 5,899,627 Estimated fair value $ 5,999,922 Mortgage-backed securities, which include contractual terms to maturity, are not categorized by contractual maturity as borrowers may have the right to call or prepay obligations with, or without, call or prepayment penalties. Investments in equity securities are as follows: (in thousands) Cost Estimated fair value June 30, 2019 Preferred stocks $ 17,464 $ 13,440 Common stocks 351,595 385,608 $ 369,059 $ 399,048 December 31, 2018 Preferred stocks $ 16,892 $ 14,162 Common stocks 341,460 339,373 $ 358,352 $ 353,535 Net gains (realized and unrealized) of $8.9 million and $41.4 million were recognized for the three and six months ended June 30, 2019, respectively, as a result of changes in the fair values of equity securities. Included in net gains during the three and six months ended June 30, 2019, were net unrealized gains of $8.4 million and $37.4 million, respectively, related to equity securities still held at June 30, 2019. Net gains of $7.7 million and $1.8 million were recognized for the three and six months ended June 30, 2018, respectively, as a result of changes in the fair values of equity securities. Included in net gains during the three and six months ended June 30, 2018, were net unrealized gains of $5.6 million and $1.8 million, respectively, related to equity securities still held at June 30, 2018. The composition of the investment portfolio at June 30, 2019, by credit rating, is as follows: A- or higher BBB+ to BBB- Non-Investment Grade Total (in thousands, except percentages) Estimated fair value Percentage Estimated fair value Percentage Estimated fair value Percentage Estimated fair value Percentage Debt securities: U.S. Treasury bonds $ 245,282 100.0 $ — — $ — — $ 245,282 100.0 Municipal bonds 1,045,937 96.3 39,214 3.6 1,380 0.1 1,086,531 100.0 Foreign government bonds 133,639 87.6 13,453 8.8 5,462 3.6 152,554 100.0 Governmental agency bonds 397,164 100.0 — — — — 397,164 100.0 Governmental agency mortgage-backed securities 3,292,295 100.0 — — — — 3,292,295 100.0 U.S. corporate debt securities 250,349 46.3 201,802 37.3 88,832 16.4 540,983 100.0 Foreign corporate debt securities 120,447 42.2 141,873 49.8 22,793 8.0 285,113 100.0 Total debt securities 5,485,113 91.4 396,342 6.6 118,467 2.0 5,999,922 100.0 Preferred stocks 47 0.3 12,230 91.0 1,163 8.7 13,440 100.0 Total $ 5,485,160 91.2 $ 408,572 6.8 $ 119,630 2.0 $ 6,013,362 100.0 Included in debt securities at June 30, 2019, were bank loans totaling $78.6 million, of which $68.7 million were non-investment grade; high yield corporate debt securities totaling $39.5 million, all of which were non-investment grade; and emerging market debt securities totaling $67.1 million, of which $8.9 million were non-investment grade. The composition of the debt securities portfolio in an unrealized loss position at June 30, 2019, by credit rating, is as follows: A- or higher BBB+ to BBB- Non-Investment Grade Total (in thousands, except percentages) Estimated fair value Percentage Estimated fair value Percentage Estimated fair value Percentage Estimated fair value Percentage U.S. Treasury bonds $ 23,784 100.0 $ — — $ — — $ 23,784 100.0 Municipal bonds 68,393 100.0 — — — — 68,393 100.0 Foreign government bonds 58,156 96.8 — — 1,912 3.2 60,068 100.0 Governmental agency bonds 61,099 100.0 — — — — 61,099 100.0 Governmental agency mortgage-backed securities 1,357,316 100.0 — — — — 1,357,316 100.0 U.S. corporate debt securities 38,572 33.4 24,435 21.2 52,300 45.4 115,307 100.0 Foreign corporate debt securities 23,366 42.3 19,679 35.6 12,229 22.1 55,274 100.0 Total $ 1,630,686 93.7 $ 44,114 2.5 $ 66,441 3.8 $ 1,741,241 100.0 Debt securities in an unrealized loss position at June 30, 2019, included bank loans totaling $58.7 million, of which $53.0 million were non-investment grade; high yield corporate debt securities totaling $11.0 million, all of which were non-investment grade; and emerging market debt securities totaling $4.2 million, of which $2.4 million were non-investment grade. The credit ratings in the above tables reflect published ratings obtained from globally recognized securities rating agencies. If a security was rated differently among the rating agencies, the lowest rating was selected. Governmental agency mortgage-backed securities are not rated by any of the ratings agencies; however, these securities have been included in the above table in the “A- or higher” rating category because the payments of principal and interest are guaranteed by the governmental agency that issued the security.

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	Note 4 – Leases On January 1, 2019, the Company adopted updated accounting guidance which requires lessees in leasing arrangements to recognize a right-of-use asset and a liability to make lease payments on the balance sheet. The Company leases commercial real estate, including office buildings and office space, and also leases certain equipment. The Company has elected the practical expedient for its leases of commercial real estate whereby it does not separately account for nonlease components (e.g., common-area maintenance costs) from the associated lease components (e.g., fixed payments including rent, real estate taxes and insurance costs) and instead accounts for both components as a single lease component. Variable lease costs, which include any variable lease and nonlease components and rents that vary based on changes to an index or rate, are expensed as incurred. Most of the Company’s leases of commercial real estate include one or more options to renew, with renewal terms that can extend the lease term from one to five years, and some leases include options to terminate the lease within the first year. The Company has elected the practical expedient which allows for leases with an initial term of 12 months or less to be excluded from recognition on the balance sheet and for which lease expense is recognized on a straight-line basis over the lease term. As most of the Company’s leases do not provide an implicit discount rate, the Company applies its incremental borrowing rate, which is based on the information available as of the commencement date, in determining the present value of lease payments. Lease assets and liabilities are summarized as follows: (in thousands) Classification June 30, 2019 Assets Operating lease assets Operating lease assets $ 300,698 Finance lease assets Other assets 4,410 Total lease assets $ 305,108 Liabilities Operating lease liabilities Operating lease liabilities $ 325,400 Finance lease liabilities Notes and contracts payable 4,672 Total lease liabilities $ 330,072 The components of lease expense are as follows: (in thousands) Classification Three Months Ended Six Months Ended Operating lease cost Other operating expenses $ 21,469 $ 43,562 Finance lease cost: Amortization of lease assets Depreciation and amortization 523 1,096 Interest of lease liabilities Interest 49 105 Variable lease cost Other operating expenses 8,320 15,309 Short-term lease cost Other operating expenses 529 990 Sublease income Information and other (378 ) (855 ) Net lease cost $ 30,512 $ 60,207 Future minimum lease payments under operating and finance leases with noncancelable lease terms, as of June 30, 2019, are as follows: (in thousands) Operating Leases Finance Leases Total Remainder of 2019 $ 43,357 $ 877 $ 44,234 2020 79,796 1,464 81,260 2021 65,560 1,155 66,715 2022 53,790 1,059 54,849 2023 39,686 443 40,129 2024 27,952 — 27,952 Thereafter 58,704 — 58,704 Total lease payments 368,845 4,998 373,843 Interest (43,445 ) (326 ) (43,771 ) Present value of lease liabilities $ 325,400 $ 4,672 $ 330,072 Information related to lease terms and discount rates is as follows: June 30, 2019 Weighted-average remaining lease terms (years): Operating leases 5.6 Finance leases 3.5 Weighted-average discount rates: Operating leases 4.30 % Finance leases 4.19 % Cash flow information related to lease liabilities is as follows: (in thousands) Six Months Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 43,624 Operating cash flows from finance leases $ 105 Financing cash flows from finance leases $ 982 Operating lease assets obtained in exchange for new operating lease liabilities $ 17,516 Future minimum lease payments under operating leases with noncancelable lease terms, as of December 31, 2018, are as follows: Year in thousands 2019 $ 76,375 2020 68,026 2021 54,853 2022 41,859 2023 28,948 Thereafter 64,732 Total lease payments $ 334,793 Total rental expense for all operating leases was $22.6 million and $44.8 million for the three and six months ended June 30, 2018, respectively.

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	Note 5 – Goodwill A summary of the changes in the carrying amount of goodwill, by reportable segment, for the six months ended June 30, 2019, is as follows: (in thousands) Title Insurance and Services Specialty Insurance Total Balance at December 31, 2018 $ 1,097,401 $ 46,765 $ 1,144,166 Acquisitions 4,014 — 4,014 Foreign currency translation 1,975 — 1,975 Balance at June 30, 2019 $ 1,103,390 $ 46,765 $ 1,150,155 The Company’s four reporting units for purposes of assessing goodwill for impairment are title insurance, home warranty, property and casualty insurance and trust and other services. During the six months ended June 30, 2019, there were no triggering events that would more likely than not reduce the fair value of any reporting unit below its carrying amount.

Other Intangible Assets

Other Intangible Assets	6 Months Ended
	Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Other Intangible Assets	Note 6 – Other Intangible Assets Other intangible assets consist of the following: (in thousands) June 30, 2019 December 31, 2018 Finite-lived intangible assets: Customer relationships $ 114,987 $ 114,603 Noncompete agreements 13,536 14,402 Trademarks 10,776 10,753 Internal-use software licenses 23,575 29,394 Patents 2,840 2,840 165,714 171,992 Accumulated amortization (86,094 ) (79,535 ) 79,620 92,457 Indefinite-lived intangible assets: Licenses 16,915 16,915 $ 96,535 $ 109,372 Amortization expense for finite-lived intangible assets was $7.3 million and $15.3 million for the three and six months ended June 30, 2019, respectively, and $7.1 million and $14.1 million for the three and six months ended June 30, 2018, respectively. Estimated amortization expense for finite-lived intangible assets for the next five years is as follows: Year (in thousands) Remainder of 2019 $ 11,660 2020 $ 14,933 2021 $ 11,415 2022 $ 10,447 2023 $ 9,851 2024 $ 7,197

Reserve for Known and Incurred

Reserve for Known and Incurred but Not Reported Claims	6 Months Ended
	Jun. 30, 2019
Insurance Loss Reserves [Abstract]
Reserve for Known and Incurred but Not Reported Claims	Note 7 – Reserve for Known and Incurred But Not Reported Claims Activity in the reserve for known and incurred but not reported claims is summarized as follows: Six Months Ended (in thousands) 2019 2018 Balance at beginning of period $ 1,042,679 $ 1,028,933 Provision related to: Current year 194,000 199,165 Prior years 12,842 15,034 206,842 214,199 Payments, net of recoveries, related to: Current year 85,811 90,752 Prior years 114,084 122,786 199,895 213,538 Other (7,418 ) (6,666 ) Balance at end of period $ 1,042,208 $ 1,022,928 The provision for title insurance losses, expressed as a percentage of title insurance premiums and escrow fees, was 4.0% for the three and six months ended June 30, 2019 and 2018. The current quarter rate of 4.0% reflects the ultimate loss rate for the current policy year and no change in the loss reserve estimates for prior policy years. The 4.0% rate for the second quarter of 2018 reflected the ultimate loss rate for the 2018 policy year and no change in the loss reserve estimates for prior policy years. A summary of the Company’s loss reserves is as follows: (in thousands, except percentages) June 30, 2019 December 31, 2018 Known title claims $ 80,167 7.7 % $ 80,306 7.7 % Incurred but not reported claims 881,359 84.6 % 877,134 84.1 % Total title claims 961,526 92.3 % 957,440 91.8 % Non-title claims 80,682 7.7 % 85,239 8.2 % Total loss reserves $ 1,042,208 100.0 % $ 1,042,679 100.0 %

Notes and Contracts Payable

Notes and Contracts Payable	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Notes and Contracts Payable	Note 8 – Notes and Contracts Payable In April 2019, the Company entered into a senior unsecured credit agreement with JPMorgan Chase Bank, N.A. (“JPMorgan”) in its capacity as administrative agent and the lenders party thereto. The credit agreement, which is comprised of a $700.0 million revolving credit facility, includes an expansion option that permits the Company, subject to satisfaction of certain conditions, to increase the revolving commitments and/or add term loan tranches in an aggregate amount not to exceed $350.0 million. Unless terminated earlier, the credit agreement will terminate on April 30, 2024. The obligations of the Company under the credit agreement are neither secured nor guaranteed. Upon entry into the credit agreement, the Company borrowed $160.0 million and repaid the $160.0 million obligation outstanding under the previous $700.0 million senior unsecured credit agreement, which was terminated at that time. Other proceeds under the credit agreement may be used for general corporate purposes. At June 30, 2019, outstanding borrowings under the facility totaled $160.0 million at an interest rate of 3.90%. At the Company’s election, borrowings of revolving loans under the credit agreement bear interest at (a) the Alternate Base Rate plus the applicable spread or (b) the Adjusted LIBOR rate plus the applicable spread (in each case as defined in the credit agreement). The Company may select interest periods of one, two, three or six months or (if agreed to by all lenders) such other number of months for Eurodollar borrowings of loans. The applicable spread varies depending upon the debt rating assigned by Moody’s Investor Service, Inc., Standard & Poor’s Rating Services and/or Fitch Ratings Inc. The minimum applicable spread for Alternate Base Rate borrowings is 0.25% and the maximum is 1.00%. The minimum applicable spread for Adjusted LIBOR rate borrowings is 1.25% and the maximum is 2.00%. The rate of interest on any term loans incurred in connection with the expansion option will be established at or about the time such loans are made and may differ from the rate of interest on revolving loans. The credit agreement includes representations and warranties, reporting covenants, affirmative covenants, negative covenants, financial covenants and events of default customary for financings of this type. Upon the occurrence of an event of default the lenders may accelerate the loans. Upon the occurrence of certain insolvency and bankruptcy events of default the loans will automatically accelerate. As of June 30, 2019, the Company was in compliance with the financial covenants under the credit agreement.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Note 9 – Income Taxes The Company’s effective income tax rates (income tax expense as a percentage of income before income taxes) were 18.4% and 20.0% for the three and six months ended June 30, 2019, respectively, and 23.2% and 21.6% for the three and six months ended June 30, 2018, respectively. The Company’s effective tax rates differ from the statutory federal rate of 21% In connection with the Company’s June 2010 spin-off from its prior parent, the Company entered into a tax sharing agreement which governs the Company’s and its prior parent’s respective rights, responsibilities and obligations for certain tax related matters. At June 30, 2019 and December 31, 2018, the Company had a net payable to its prior parent of $0.5 million and $15.6 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 decrease during the current year was primarily the result of the resolution of state tax matters for years prior to the spin-off. The Company evaluates the realizability of its deferred tax assets by assessing the valuation allowance and makes adjustments to the allowance as necessary. The factors used to assess the likelihood of realization include the Company’s forecast of future taxable income and available tax planning strategies that could be implemented to realize its deferred tax assets. The Company’s ability or failure to achieve forecasted taxable income in the applicable taxing jurisdictions could affect the ultimate realization of its deferred tax assets. Based on actual 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, 2019 and December 31, 2018, the liability for income taxes associated with uncertain tax positions was $5.0 million and $13.3 million, respectively. The decrease during the current year was primarily the result of the resolution of state tax matters from prior years. As of June 30, 2019 and December 31, 2018, the liability could be reduced by $2.0 million and $3.7 million, respectively, due to offsetting tax benefits associated with the correlative effects of potential adjustments, including timing adjustments and state income taxes. The net liability, if recognized, would favorably affect the Company’s effective income tax rate. The Company’s continuing practice is to recognize interest and penalties, if any, related to uncertain tax positions in income tax expense. As a result of the resolution of state tax matters from prior years, the Company had no accrued interest or penalties related to uncertain tax positions at June 30, 2019. As of December 31, 2018, the Company had accrued $5.8 million of interest and penalties, net of tax benefits of $1.6 million, 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. Any such change 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. As of June 30, 2019, the Company had concluded U.S. federal income tax examinations through 2015 and is generally no longer subject to state and non-U.S. income tax examinations for years prior to 2010.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Note 10 – Earnings Per Share The computation of basic and diluted earnings per share is as follows: Three Months Ended June 30, Six Months Ended June 30, (in thousands, except per share amounts) 2019 2018 2019 2018 Numerator Net income attributable to the Company $ 186,655 $ 155,140 $ 296,230 $ 231,367 Denominator Basic weighted-average shares 113,050 112,556 112,881 112,406 Effect of dilutive employee stock options and 448 561 485 687 Diluted weighted-average shares 113,498 113,117 113,366 113,093 Net income per share attributable to the Company’s stockholders Basic $ 1.65 $ 1.38 $ 2.62 $ 2.06 Diluted $ 1.64 $ 1.37 $ 2.61 $ 2.05 For the three and six months ended June 30, 2019, 2 thousand and 4 thousand RSUs, respectively, were excluded from the weighted-average diluted common shares outstanding due to their antidilutive effect. For the three and six months ended June 30, 2018, no RSUs were excluded due to their antidilutive effect on weighted-average diluted common shares outstanding. No stock options had an antidilutive effect on weighted-average diluted common shares outstanding for either period in the current or prior year.

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
	Jun. 30, 2019
Compensation And Retirement Disclosure [Abstract]
Employee Benefit Plans	Note 11 – Employee Benefit Plans Net periodic costs related to the Company’s unfunded supplemental benefit plans includes the following components: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Expense: Service costs $ 71 $ 130 $ 141 $ 260 Interest costs 2,279 2,018 4,558 4,036 Amortization of net actuarial loss 915 1,205 1,830 2,410 Amortization of prior service credit (1,017 ) (1,045 ) (2,035 ) (2,090 ) $ 2,248 $ 2,308 $ 4,494 $ 4,616 The Company contributed $7.2 million to its unfunded supplemental benefit plans during the six months ended June 30, 2019, and expects to contribute an additional $7.4 million during the remainder of 2019.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 12 – 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 values of debt securities were 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 values 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 values. 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 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. Equity securities The fair values 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 tables present the fair values of the Company’s assets, measured on a recurring basis, as of June 30, 2019 and December 31, 2018: (in thousands) Total Level 1 Level 2 Level 3 June 30, 2019 Debt securities: U.S. Treasury bonds $ 245,282 $ — $ 245,282 $ — Municipal bonds 1,086,531 — 1,086,531 — Foreign government bonds 152,554 — 152,554 — Governmental agency bonds 397,164 — 397,164 — Governmental agency mortgage-backed securities 3,292,295 — 3,292,295 — U.S. corporate debt securities 540,983 — 540,983 — Foreign corporate debt securities 285,113 — 285,113 — 5,999,922 — 5,999,922 — Equity securities: Preferred stocks 13,440 13,440 — — Common stocks 385,608 385,608 — — 399,048 399,048 — — Total assets $ 6,398,970 $ 399,048 $ 5,999,922 $ — (in thousands) Total Level 1 Level 2 Level 3 December 31, 2018 Debt securities: U.S. Treasury bonds $ 162,506 $ — $ 162,506 $ — Municipal bonds 1,045,035 — 1,045,035 — Foreign government bonds 157,297 — 157,297 — Governmental agency bonds 316,167 — 316,167 — Governmental agency mortgage-backed securities 3,202,599 — 3,202,599 — U.S. corporate debt securities 561,260 — 561,260 — Foreign corporate debt securities 268,947 — 268,947 — 5,713,811 — 5,713,811 — Equity securities: Preferred stocks 14,162 14,162 — — Common stocks 339,373 339,373 — — 353,535 353,535 — — Total assets $ 6,067,346 $ 353,535 $ 5,713,811 $ — There were no transfers between Levels 1 and 2 during the three and six months ended June 30, 2019 and 2018. Transfers into or out of the Level 3 category occur when unobservable inputs become more or less significant to the fair value measurement. The Company’s policy is to recognize transfers between levels in the fair value hierarchy at the end of the reporting period. Financial instruments not measured at fair value In estimating the fair values 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 approximates 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 current market rates offered for notes with similar maturities and credit quality. Secured financings receivable The carrying amount of secured financings receivable approximates fair value due to the short-term nature of these assets. Secured financings payable The carrying amount of secured financings payable approximates fair value due to the short-term nature of these liabilities. 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 similar 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, 2019 and December 31, 2018: Carrying Estimated fair value (in thousands) Amount Total Level 1 Level 2 Level 3 June 30, 2019 Assets: Cash and cash equivalents $ 1,411,965 $ 1,411,965 $ 1,411,965 $ — $ — Deposits with banks $ 38,054 $ 37,987 $ 2,030 $ 35,957 $ — Notes receivable, net $ 13,008 $ 13,150 $ — $ — $ 13,150 Secured financings receivable $ 201,206 $ 201,206 $ — $ 201,206 $ — Liabilities: Secured financings payable $ 190,114 $ 190,114 $ — $ 190,114 $ — Notes and contracts payable $ 729,614 $ 762,708 $ — $ 757,887 $ 4,821 Carrying Estimated fair value (in thousands) Amount Total Level 1 Level 2 Level 3 December 31, 2018 Assets: Cash and cash equivalents $ 1,467,129 $ 1,467,129 $ 1,467,129 $ — $ — Deposits with banks $ 36,209 $ 35,979 $ 4,307 $ 31,672 $ — Notes receivable, net $ 13,237 $ 12,805 $ — $ — $ 12,805 Secured financings receivable $ 76,311 $ 76,311 $ — $ 76,311 $ — Liabilities: Secured financings payable $ 76,313 $ 76,313 $ — $ 76,313 $ — Notes and contracts payable $ 732,019 $ 741,839 $ — $ 736,048 $ 5,791

Share-Based Compensation Plans

Share-Based Compensation Plans	6 Months Ended
	Jun. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Compensation	Note 13 – Share-Based Compensation The following table presents costs associated with the Company’s share-based compensation plans: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Expense: RSUs $ 6,805 $ 6,652 $ 25,153 $ 25,178 Employee stock purchase plan 953 974 2,202 1,957 $ 7,758 $ 7,626 $ 27,355 $ 27,135 The following table summarizes RSU activity for the six months ended June 30, 2019: (in thousands, except weighted-average grant-date fair value) Shares Weighted-average grant-date fair value Unvested at December 31, 2018 1,248 $ 44.53 Granted during 2019 734 $ 51.36 Vested during 2019 (790 ) $ 44.44 Forfeited during 2019 (15 ) $ 46.72 Unvested at June 30, 2019 1,177 $ 48.81

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss) ("AOCI")	6 Months Ended
	Jun. 30, 2019
Accumulated Other Comprehensive Income Other Comprehensive Income [Abstract]
Accumulated Other Comprehensive Income (Loss) ("AOCI")	Note 14 – Accumulated Other Comprehensive Income (Loss) (“AOCI”) The following table presents a summary of the changes in each component of AOCI for the six months ended June 30, 2019: (in thousands) Unrealized gains (losses) on debt securities Foreign currency translation adjustment Pension benefit adjustment Accumulated other comprehensive income (loss) Balance at December 31, 2018 $ (42,165 ) $ (65,628 ) $ (52,780 ) $ (160,573 ) Change in unrealized gains (losses) on debt securities 147,634 — — 147,634 Change in foreign currency translation adjustment — 10,760 — 10,760 Amortization of net actuarial loss — — 1,830 1,830 Amortization of prior service credit — — (2,035 ) (2,035 ) Tax effect (34,955 ) (428 ) 54 (35,329 ) Balance at June 30, 2019 $ 70,514 $ (55,296 ) $ (52,931 ) $ (37,713 ) Allocated to the Company $ 70,513 $ (55,296 ) $ (52,931 ) $ (37,714 ) Allocated to noncontrolling interests 1 — — 1 Balance at June 30, 2019 $ 70,514 $ (55,296 ) $ (52,931 ) $ (37,713 ) The following table presents the other comprehensive income (loss) reclassification adjustments for the three months ended June 30, 2019 and 2018: (in thousands) Unrealized gains (losses) on debt securities Foreign currency translation adjustment Pension benefit adjustment Total other comprehensive income (loss) Three Months Ended June 30, 2019 Pretax change before reclassifications $ 69,582 $ 3,594 $ — $ 73,176 Reclassifications out of AOCI 246 — (102 ) 144 Tax effect (16,654 ) (150 ) 27 (16,777 ) Total other comprehensive income (loss), net of tax $ 53,174 $ 3,444 $ (75 ) $ 56,543 Three Months Ended June 30, 2018 Pretax change before reclassifications $ (18,199 ) $ (10,545 ) $ — $ (28,744 ) Reclassifications out of AOCI 2,055 — 160 2,215 Tax effect 3,669 — (41 ) 3,628 Total other comprehensive income (loss), net of tax $ (12,475 ) $ (10,545 ) $ 119 $ (22,901 ) The following table presents the other comprehensive income (loss) reclassification adjustments for the six months ended June 30, 201 9 and 201 8 : (in thousands) Unrealized gains (losses) on debt securities Foreign currency translation adjustment Pension benefit adjustment Total other comprehensive income (loss) Six Months Ended June 30, 2019 Pretax change before reclassifications $ 147,347 $ 10,760 $ — $ 158,107 Reclassifications out of AOCI 287 — (205 ) 82 Tax effect (34,955 ) (428 ) 54 (35,329 ) Total other comprehensive income (loss), net of tax $ 112,679 $ 10,332 $ (151 ) $ 122,860 Six Months Ended June 30, 2018 Pretax change before reclassifications $ (79,526 ) $ (14,297 ) $ — $ (93,823 ) Reclassifications out of AOCI 2,468 — 320 2,788 Tax effect 17,787 — (81 ) 17,706 Total other comprehensive income (loss), net of tax $ (59,271 ) $ (14,297 ) $ 239 $ (73,329 ) The following table presents the effects of the reclassifications out of AOCI on the respective line items in the condensed consolidated statements of income: Amounts reclassified from AOCI Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Affected line items Unrealized gains (losses) on debt securities: Net realized gains (losses) on sales of debt securities $ (246 ) $ (2,055 ) $ (287 ) $ (2,468 ) Net realized investment gains (losses) Pretax total $ (246 ) $ (2,055 ) $ (287 ) $ (2,468 ) Tax effect $ 58 $ 467 $ 68 $ 570 Pension benefit adjustment (1): Amortization of net actuarial loss $ (915 ) $ (1,205 ) $ (1,830 ) $ (2,410 ) Other operating expenses Amortization of prior service credit 1,017 1,045 2,035 2,090 Other operating expenses Pretax total $ 102 $ (160 ) $ 205 $ (320 ) Tax effect $ (27 ) $ 41 $ (54 ) $ 81 (1) These components of AOCI are components of net periodic cost. See Note 11 Employee Benefit Plans for additional details.

Litigation and Regulatory Conti

Litigation and Regulatory Contingencies	6 Months Ended
	Jun. 30, 2019
Commitments And Contingencies Disclosure [Abstract]
Litigation and Regulatory Contingencies	Note 15 – 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. It is, however, often not possible to assess the probability of loss. Lawsuits that are putative class actions 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, for 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 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 or one of its subsidiaries improperly charged fees for products and services, improperly handled property and casualty claims and gave items of value to builders 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: • Tenefufu vs. First American Specialty Insurance Company, filed on June 1, 2017 and pending in the Superior Court of the State of California, County of Sacramento, and • 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. All of these lawsuits are putative class actions 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. The Company and/or its subsidiaries are also parties to numerous class action lawsuits as a result of the recent information security incident. All of these lawsuits are putative class actions 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. 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 wealth management businesses are regulated by various federal, state and local governmental agencies. Many of the Company’s other businesses operate within statutory guidelines. Consequently, the Company may from time to time be subject to examination or investigation by such governmental agencies. Currently, governmental agencies are examining or investigating certain of the Company’s operations. One of these investigations pertains to title insurance policies issued by agents of the Company’s title insurance subsidiary in the State of Indiana during 2006-2008. As a result of this investigation, the Indiana Commissioner of Insurance determined, based upon a simple extrapolation of a review of settlement statements issued in 129 transactions, that the Company’s title insurance subsidiary overcharged consumers by approximately $3.1 million and, consequently, failed to pay premium taxes by approximately $38,000. The Commissioner ordered the payment of these amounts to the Indiana Department of Insurance, plus interest and certain fees and expenses. On appeal, the Commissioner was ordered to refund approximately $2.8 million in inappropriately assessed interest and fees. The Commissioner has appealed this order and the Company expects to cross-appeal to challenge the Commissioner’s methodology for determining the appropriateness of the premium charged, among other matters. With respect to the same transactions involved in this investigation, on July 24, 2019, the Commissioner filed a Statement of Charges seeking payment of a civil penalty relating to the alleged overcharges. While the Company intends to conduct a vigorous defense to the Statement of Charges, should the Commissioner prevail it is expected that any civil penalty would be proportionate to the amount actually determined to have been overcharged. The Company also has received numerous regulatory inquiries and/or investigations as a result of the recent information security incident. 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. During July 2019, the Company received an assessment from the Canadian taxing authority. The amount of the assessment is $14.3 million, based on the exchange rate as of June 30, 2019 and including interest charges through the date of the assessment. As the Company does not believe that the services in question are subject to excise tax, it intends to avail itself of avenues of appeal, and it believes it is reasonably likely that the Company will prevail on the merits. Based on the current facts and circumstances, the Company does not believe a loss is probable, therefore no liability has been recorded. 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, 2019
Segment Reporting [Abstract]
Segment Information	Note 1 6 – 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 designed to mitigate risk or otherwise facilitate real estate transactions, many of which products, services and solutions involve the use of real property-related data; maintains, manages and provides access to title plant records and images; and provides appraisals and other valuation-related products and services, lien release and document custodial services, warehouse lending services, default-related products and services, evidence of title, and banking, trust and wealth management services. The Company, through its principal title insurance subsidiary and such subsidiary’s affiliates, transacts its title insurance business through a network of direct operations and agents. Through this network, the Company issues policies in the 49 states that permit the issuance of title insurance policies, the District of Columbia and certain United States territories. The Company also offers title insurance, closing services and similar or related products and services, either directly or through third parties in other countries, including Canada, the United Kingdom, Australia, South Korea 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 46 states. The majority of policy liability is in the western United States, including approximately 62% in California. 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 certain appliances against failures that occur as the result of normal usage during the coverage period. This business currently operates in 35 states and the District of Columbia. The corporate function consists primarily of certain financing facilities as well as the corporate services that support the Company’s business operations. Selected financial information about the Company’s operations, by segment, is as follows: For the three months ended June 30, 2019: (in thousands) Revenues Income (loss) before income taxes Depreciation and amortization Capital expenditures Title Insurance and Services $ 1,371,874 $ 232,813 $ 31,061 $ 23,491 Specialty Insurance 122,968 15,740 1,785 2,675 Corporate 4,127 (19,056 ) 38 — Eliminations (349 ) — — — $ 1,498,620 $ 229,497 $ 32,884 $ 26,166 (in thousands) Direct premiums and escrow fees Agent premiums Information and other Net investment income Net realized investment gains (losses) Total Revenues Title Insurance and Services $ 552,358 $ 543,847 $ 197,779 $ 70,970 $ 6,920 $ 1,371,874 Specialty Insurance 115,660 — 3,153 2,700 1,455 122,968 $ 668,018 $ 543,847 $ 200,932 $ 73,670 $ 8,375 $ 1,494,842 For the three months ended June 30, 2018 : (in thousands) Revenues Income (loss) before income taxes Depreciation and amortization Capital expenditures Title Insurance and Services $ 1,369,040 $ 209,642 $ 29,343 $ 34,884 Specialty Insurance 120,188 10,121 1,677 5,047 Corporate 2,208 (17,795 ) 38 — Eliminations (279 ) — — — $ 1,491,157 $ 201,968 $ 31,058 $ 39,931 (in thousands) Direct premiums and escrow fees Agent premiums Information and other Net investment income Net realized investment gains (losses) Total Revenues Title Insurance and Services $ 548,616 $ 559,004 $ 206,095 $ 51,737 $ 3,588 $ 1,369,040 Specialty Insurance 112,966 — 2,924 2,401 1,897 120,188 $ 661,582 $ 559,004 $ 209,019 $ 54,138 $ 5,485 $ 1,489,228 For the six months ended June 30, 2019: (in thousands) Revenues Income (loss) before income taxes Depreciation and amortization Capital expenditures Title Insurance and Services $ 2,544,056 $ 374,820 $ 62,223 $ 48,970 Specialty Insurance 245,149 33,525 3,519 5,172 Corporate 13,686 (37,178 ) 76 — Eliminations (690 ) — — — $ 2,802,201 $ 371,167 $ 65,818 $ 54,142 (in thousands) Direct premiums and escrow fees Agent premiums Information and other Net investment income Net realized investment gains (losses) Total Revenues Title Insurance and Services $ 955,114 $ 1,045,384 $ 367,870 $ 141,023 $ 34,665 $ 2,544,056 Specialty Insurance 227,106 — 6,219 5,432 6,392 245,149 $ 1,182,220 $ 1,045,384 $ 374,089 $ 146,455 $ 41,057 $ 2,789,205 For the six months ended June 30, 2018 : (in thousands) Revenues Income (loss) before income taxes Depreciation and amortization Capital expenditures Title Insurance and Services $ 2,554,505 $ 312,023 $ 57,460 $ 55,955 Specialty Insurance 233,572 20,021 3,269 7,577 Corporate 1,027 (37,011 ) 76 — Eliminations (559 ) — — — $ 2,788,545 $ 295,033 $ 60,805 $ 63,532 (in thousands) Direct premiums and escrow fees Agent premiums Information and other Net investment income Net realized investment gains (losses) Total Revenues Title Insurance and Services $ 982,768 $ 1,086,718 $ 392,116 $ 93,137 $ (234 ) $ 2,554,505 Specialty Insurance 222,692 — 5,826 4,989 65 233,572 $ 1,205,460 $ 1,086,718 $ 397,942 $ 98,126 $ (169 ) $ 2,788,077

Basis of Condensed Consolidat_2

Basis of Condensed Consolidated Financial Statements (Policies)	6 Months Ended
	Jun. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued updated guidance that requires the rights and obligations associated with leasing arrangements to be reflected on the balance sheet in order to increase transparency and comparability among organizations. Under the updated guidance, lessees are required to recognize a right-of-use asset and a liability to make lease payments and disclose key information about leasing arrangements. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2018. The updated guidance may either be adopted using a modified retrospective transition approach or may be initially applied on the adoption date with the recognition of a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The Company adopted and initially applied the updated guidance on January 1, 2019. Upon adoption, the Company recognized deferred gains of $1.3 million on previous sale and operating leaseback transactions as a cumulative-effect adjustment to retained earnings. The Company elected to adopt the package of practical expedients allowed under the guidance, which was applied to all leases as of the adoption date. The package of practical expedients included (1) entities could choose not to reassess whether any expired or existing contracts are or contain leases, (2) entities could choose not to reassess the lease classification for any expired or existing leases, and (3) entities could choose not to reassess initial direct costs for any existing leases. See Note 4 Leases for further information on the Company’s leasing arrangements.
Pending Accounting Pronouncements	Pending Accounting Pronouncements In August 2018, the FASB issued updated guidance that is intended to reduce potential diversity in practice in accounting for the costs of implementing cloud computing arrangements (i.e., hosting arrangements) that are service contracts. The updated guidance aligns the requirements for capitalizing implementation costs for these arrangements with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software and hosting arrangements that include an internal-use software license. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2019, with early adoption permitted. The Company is currently assessing the impact of this guidance on its condensed consolidated financial statements. In August 2018, the FASB issued updated guidance as part of its disclosure framework project intended to improve the effectiveness of disclosures in the notes to the financial statements. The updated guidance eliminates, adds and modifies certain disclosure requirements related to fair value measurements. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2019, with early adoption permitted. Except for the disclosure requirements, the Company does not expect the adoption of this guidance to have a material impact on its condensed consolidated financial statements. In January 2017, the FASB issued updated guidance intended to simplify how an entity tests goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Under the updated guidance, an entity will perform its goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount and will recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value, with the loss recognized limited to the total amount of goodwill allocated to that reporting unit. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2019, 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 June 2016, the FASB issued updated guidance intended to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. The updated guidance replaces the current incurred loss impairment methodology with a methodology that reflects expected credit losses and requires the consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2019, with early adoption permitted. The Company is currently assessing the impact of this guidance on its condensed consolidated financial statements.

Debt and Equity Securities (Tab

Debt and Equity Securities (Tables)	6 Months Ended
	Jun. 30, 2019
Investments Debt And Equity Securities [Abstract]
Investments in Debt Securities, Classified as Available-For-Sale	Investments in debt securities, classified as available-for-sale, are as follows: (in thousands) Amortized Gross unrealized Estimated Gains Losses June 30, 2019 U.S. Treasury bonds $ 243,585 $ 1,746 $ (49 ) $ 245,282 Municipal bonds 1,048,405 38,331 (205 ) 1,086,531 Foreign government bonds 150,800 1,904 (150 ) 152,554 Governmental agency bonds 391,720 5,958 (514 ) 397,164 Governmental agency mortgage-backed securities 3,259,857 42,378 (9,940 ) 3,292,295 U.S. corporate debt securities 526,138 15,896 (1,051 ) 540,983 Foreign corporate debt securities 279,122 6,774 (783 ) 285,113 $ 5,899,627 $ 112,987 $ (12,692 ) $ 5,999,922 December 31, 2018 U.S. Treasury bonds $ 162,904 $ 741 $ (1,139 ) $ 162,506 Municipal bonds 1,050,134 7,210 (12,309 ) 1,045,035 Foreign government bonds 158,885 571 (2,159 ) 157,297 Governmental agency bonds 319,115 1,145 (4,093 ) 316,167 Governmental agency mortgage-backed securities 3,219,585 12,030 (29,016 ) 3,202,599 U.S. corporate debt securities 575,646 1,113 (15,499 ) 561,260 Foreign corporate debt securities 274,881 551 (6,485 ) 268,947 $ 5,761,150 $ 23,361 $ (70,700 ) $ 5,713,811
Gross Unrealized Losses on Investments in Debt Securities	Gross unrealized losses on investments in debt 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, 2019 U.S. Treasury bonds $ 8,921 $ (11 ) $ 14,863 $ (38 ) $ 23,784 $ (49 ) Municipal bonds 9,029 (46 ) 59,364 (159 ) 68,393 (205 ) Foreign government bonds 47,048 (79 ) 13,020 (71 ) 60,068 (150 ) Governmental agency bonds 15,282 (67 ) 45,817 (447 ) 61,099 (514 ) Governmental agency mortgage-backed securities 466,134 (1,963 ) 891,182 (7,977 ) 1,357,316 (9,940 ) U.S. corporate debt securities 66,367 (575 ) 48,940 (476 ) 115,307 (1,051 ) Foreign corporate debt securities 25,369 (400 ) 29,905 (383 ) 55,274 (783 ) $ 638,150 $ (3,141 ) $ 1,103,091 $ (9,551 ) $ 1,741,241 $ (12,692 ) December 31, 2018 U.S. Treasury bonds $ 19,749 $ (85 ) $ 55,615 $ (1,054 ) $ 75,364 $ (1,139 ) Municipal bonds 172,387 (1,772 ) 369,139 (10,537 ) 541,526 (12,309 ) Foreign government bonds 23,654 (1,037 ) 42,119 (1,122 ) 65,773 (2,159 ) Governmental agency bonds 56,270 (748 ) 90,631 (3,345 ) 146,901 (4,093 ) Governmental agency mortgage-backed securities 850,459 (6,955 ) 982,610 (22,061 ) 1,833,069 (29,016 ) U.S. corporate debt securities 374,473 (10,537 ) 109,844 (4,962 ) 484,317 (15,499 ) Foreign corporate debt securities 175,762 (4,575 ) 50,802 (1,910 ) 226,564 (6,485 ) $ 1,672,754 $ (25,709 ) $ 1,700,760 $ (44,991 ) $ 3,373,514 $ (70,700 )
Investments in Debt Securities by Contractual Maturity	Investments in debt securities at June 30, 2019, 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 $ 173,833 $ 63,118 $ 109 $ 6,525 $ 243,585 Estimated fair value $ 173,928 $ 63,656 $ 138 $ 7,560 $ 245,282 Municipal bonds Amortized cost $ 70,793 $ 164,852 $ 256,433 $ 556,327 $ 1,048,405 Estimated fair value $ 71,018 $ 166,972 $ 266,762 $ 581,779 $ 1,086,531 Foreign government bonds Amortized cost $ 25,100 $ 98,871 $ 18,513 $ 8,316 $ 150,800 Estimated fair value $ 25,036 $ 99,847 $ 19,164 $ 8,507 $ 152,554 Governmental agency bonds Amortized cost $ 27,209 $ 120,988 $ 158,143 $ 85,380 $ 391,720 Estimated fair value $ 27,196 $ 121,778 $ 161,447 $ 86,743 $ 397,164 U.S. corporate debt securities Amortized cost $ 42,651 $ 274,338 $ 183,178 $ 25,971 $ 526,138 Estimated fair value $ 42,640 $ 280,571 $ 189,542 $ 28,230 $ 540,983 Foreign corporate debt securities Amortized cost $ 24,110 $ 172,822 $ 73,892 $ 8,298 $ 279,122 Estimated fair value $ 24,134 $ 175,232 $ 76,848 $ 8,899 $ 285,113 Total debt securities excluding mortgage-backed securities Amortized cost $ 363,696 $ 894,989 $ 690,268 $ 690,817 $ 2,639,770 Estimated fair value $ 363,952 $ 908,056 $ 713,901 $ 721,718 $ 2,707,627 Total mortgage-backed securities Amortized cost $ 3,259,857 Estimated fair value $ 3,292,295 Total debt securities Amortized cost $ 5,899,627 Estimated fair value $ 5,999,922
Investments in Equity Securities	Investments in equity securities are as follows: (in thousands) Cost Estimated fair value June 30, 2019 Preferred stocks $ 17,464 $ 13,440 Common stocks 351,595 385,608 $ 369,059 $ 399,048 December 31, 2018 Preferred stocks $ 16,892 $ 14,162 Common stocks 341,460 339,373 $ 358,352 $ 353,535
Composition of Investment Portfolio by Credit Rating Agencies	The composition of the investment portfolio at June 30, 2019, by credit rating, is as follows: A- or higher BBB+ to BBB- Non-Investment Grade Total (in thousands, except percentages) Estimated fair value Percentage Estimated fair value Percentage Estimated fair value Percentage Estimated fair value Percentage Debt securities: U.S. Treasury bonds $ 245,282 100.0 $ — — $ — — $ 245,282 100.0 Municipal bonds 1,045,937 96.3 39,214 3.6 1,380 0.1 1,086,531 100.0 Foreign government bonds 133,639 87.6 13,453 8.8 5,462 3.6 152,554 100.0 Governmental agency bonds 397,164 100.0 — — — — 397,164 100.0 Governmental agency mortgage-backed securities 3,292,295 100.0 — — — — 3,292,295 100.0 U.S. corporate debt securities 250,349 46.3 201,802 37.3 88,832 16.4 540,983 100.0 Foreign corporate debt securities 120,447 42.2 141,873 49.8 22,793 8.0 285,113 100.0 Total debt securities 5,485,113 91.4 396,342 6.6 118,467 2.0 5,999,922 100.0 Preferred stocks 47 0.3 12,230 91.0 1,163 8.7 13,440 100.0 Total $ 5,485,160 91.2 $ 408,572 6.8 $ 119,630 2.0 $ 6,013,362 100.0
Composition of Debt Securities Portfolio in Unrealized Loss Position by Credit Rating Agencies	The composition of the debt securities portfolio in an unrealized loss position at June 30, 2019, by credit rating, is as follows: A- or higher BBB+ to BBB- Non-Investment Grade Total (in thousands, except percentages) Estimated fair value Percentage Estimated fair value Percentage Estimated fair value Percentage Estimated fair value Percentage U.S. Treasury bonds $ 23,784 100.0 $ — — $ — — $ 23,784 100.0 Municipal bonds 68,393 100.0 — — — — 68,393 100.0 Foreign government bonds 58,156 96.8 — — 1,912 3.2 60,068 100.0 Governmental agency bonds 61,099 100.0 — — — — 61,099 100.0 Governmental agency mortgage-backed securities 1,357,316 100.0 — — — — 1,357,316 100.0 U.S. corporate debt securities 38,572 33.4 24,435 21.2 52,300 45.4 115,307 100.0 Foreign corporate debt securities 23,366 42.3 19,679 35.6 12,229 22.1 55,274 100.0 Total $ 1,630,686 93.7 $ 44,114 2.5 $ 66,441 3.8 $ 1,741,241 100.0

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Summary of Lease Assets and Liabilities	Lease assets and liabilities are summarized as follows: (in thousands) Classification June 30, 2019 Assets Operating lease assets Operating lease assets $ 300,698 Finance lease assets Other assets 4,410 Total lease assets $ 305,108 Liabilities Operating lease liabilities Operating lease liabilities $ 325,400 Finance lease liabilities Notes and contracts payable 4,672 Total lease liabilities $ 330,072
Summary of Components of Lease Expense	The components of lease expense are as follows: (in thousands) Classification Three Months Ended Six Months Ended Operating lease cost Other operating expenses $ 21,469 $ 43,562 Finance lease cost: Amortization of lease assets Depreciation and amortization 523 1,096 Interest of lease liabilities Interest 49 105 Variable lease cost Other operating expenses 8,320 15,309 Short-term lease cost Other operating expenses 529 990 Sublease income Information and other (378 ) (855 ) Net lease cost $ 30,512 $ 60,207
Schedule of Future Minimum Lease Payments Under Operating and Finance Lease with Noncancelable Lease Terms	Future minimum lease payments under operating and finance leases with noncancelable lease terms, as of June 30, 2019, are as follows: (in thousands) Operating Leases Finance Leases Total Remainder of 2019 $ 43,357 $ 877 $ 44,234 2020 79,796 1,464 81,260 2021 65,560 1,155 66,715 2022 53,790 1,059 54,849 2023 39,686 443 40,129 2024 27,952 — 27,952 Thereafter 58,704 — 58,704 Total lease payments 368,845 4,998 373,843 Interest (43,445 ) (326 ) (43,771 ) Present value of lease liabilities $ 325,400 $ 4,672 $ 330,072
Schedule of Information Related to Lease Terms and Discount Rate	Information related to lease terms and discount rates is as follows: June 30, 2019 Weighted-average remaining lease terms (years): Operating leases 5.6 Finance leases 3.5 Weighted-average discount rates: Operating leases 4.30 % Finance leases 4.19 %
Schedule of Cash Flow Information Related to Lease Liabilities	Cash flow information related to lease liabilities is as follows: (in thousands) Six Months Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 43,624 Operating cash flows from finance leases $ 105 Financing cash flows from finance leases $ 982 Operating lease assets obtained in exchange for new operating lease liabilities $ 17,516
Summary of Future Minimum Lease Payments Under Operating Leases with Noncancelable Lease Terms	Future minimum lease payments under operating leases with noncancelable lease terms, as of December 31, 2018, are as follows: Year in thousands 2019 $ 76,375 2020 68,026 2021 54,853 2022 41,859 2023 28,948 Thereafter 64,732 Total lease payments $ 334,793

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Carrying Amount of Goodwill by Reportable Segment	A summary of the changes in the carrying amount of goodwill, by reportable segment, for the six months ended June 30, 2019, is as follows: (in thousands) Title Insurance and Services Specialty Insurance Total Balance at December 31, 2018 $ 1,097,401 $ 46,765 $ 1,144,166 Acquisitions 4,014 — 4,014 Foreign currency translation 1,975 — 1,975 Balance at June 30, 2019 $ 1,103,390 $ 46,765 $ 1,150,155

Other Intangible Assets (Tables

Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2019
Intangible Assets Gross Excluding Goodwill [Abstract]
Schedule of Other Intangible Assets	Other intangible assets consist of the following: (in thousands) June 30, 2019 December 31, 2018 Finite-lived intangible assets: Customer relationships $ 114,987 $ 114,603 Noncompete agreements 13,536 14,402 Trademarks 10,776 10,753 Internal-use software licenses 23,575 29,394 Patents 2,840 2,840 165,714 171,992 Accumulated amortization (86,094 ) (79,535 ) 79,620 92,457 Indefinite-lived intangible assets: Licenses 16,915 16,915 $ 96,535 $ 109,372
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 2019 $ 11,660 2020 $ 14,933 2021 $ 11,415 2022 $ 10,447 2023 $ 9,851 2024 $ 7,197

Reserve for Known and Incurre_2

Reserve for Known and Incurred but Not Reported Claims (Tables)	6 Months Ended
	Jun. 30, 2019
Insurance Loss Reserves [Abstract]
Activity in Reserve for Known and Incurred but Not Reported Claims	Activity in the reserve for known and incurred but not reported claims is summarized as follows: Six Months Ended (in thousands) 2019 2018 Balance at beginning of period $ 1,042,679 $ 1,028,933 Provision related to: Current year 194,000 199,165 Prior years 12,842 15,034 206,842 214,199 Payments, net of recoveries, related to: Current year 85,811 90,752 Prior years 114,084 122,786 199,895 213,538 Other (7,418 ) (6,666 ) Balance at end of period $ 1,042,208 $ 1,022,928
Summary of Loss Reserves	A summary of the Company’s loss reserves is as follows: (in thousands, except percentages) June 30, 2019 December 31, 2018 Known title claims $ 80,167 7.7 % $ 80,306 7.7 % Incurred but not reported claims 881,359 84.6 % 877,134 84.1 % Total title claims 961,526 92.3 % 957,440 91.8 % Non-title claims 80,682 7.7 % 85,239 8.2 % Total loss reserves $ 1,042,208 100.0 % $ 1,042,679 100.0 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2019
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) 2019 2018 2019 2018 Numerator Net income attributable to the Company $ 186,655 $ 155,140 $ 296,230 $ 231,367 Denominator Basic weighted-average shares 113,050 112,556 112,881 112,406 Effect of dilutive employee stock options and 448 561 485 687 Diluted weighted-average shares 113,498 113,117 113,366 113,093 Net income per share attributable to the Company’s stockholders Basic $ 1.65 $ 1.38 $ 2.62 $ 2.06 Diluted $ 1.64 $ 1.37 $ 2.61 $ 2.05

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2019
Compensation And Retirement Disclosure [Abstract]
Net Periodic Costs	Net periodic costs related to the Company’s unfunded supplemental benefit plans includes the following components: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Expense: Service costs $ 71 $ 130 $ 141 $ 260 Interest costs 2,279 2,018 4,558 4,036 Amortization of net actuarial loss 915 1,205 1,830 2,410 Amortization of prior service credit (1,017 ) (1,045 ) (2,035 ) (2,090 ) $ 2,248 $ 2,308 $ 4,494 $ 4,616

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value of Assets Measured on Recurring Basis	The following tables present the fair values of the Company’s assets, measured on a recurring basis, as of June 30, 2019 and December 31, 2018: (in thousands) Total Level 1 Level 2 Level 3 June 30, 2019 Debt securities: U.S. Treasury bonds $ 245,282 $ — $ 245,282 $ — Municipal bonds 1,086,531 — 1,086,531 — Foreign government bonds 152,554 — 152,554 — Governmental agency bonds 397,164 — 397,164 — Governmental agency mortgage-backed securities 3,292,295 — 3,292,295 — U.S. corporate debt securities 540,983 — 540,983 — Foreign corporate debt securities 285,113 — 285,113 — 5,999,922 — 5,999,922 — Equity securities: Preferred stocks 13,440 13,440 — — Common stocks 385,608 385,608 — — 399,048 399,048 — — Total assets $ 6,398,970 $ 399,048 $ 5,999,922 $ — (in thousands) Total Level 1 Level 2 Level 3 December 31, 2018 Debt securities: U.S. Treasury bonds $ 162,506 $ — $ 162,506 $ — Municipal bonds 1,045,035 — 1,045,035 — Foreign government bonds 157,297 — 157,297 — Governmental agency bonds 316,167 — 316,167 — Governmental agency mortgage-backed securities 3,202,599 — 3,202,599 — U.S. corporate debt securities 561,260 — 561,260 — Foreign corporate debt securities 268,947 — 268,947 — 5,713,811 — 5,713,811 — Equity securities: Preferred stocks 14,162 14,162 — — Common stocks 339,373 339,373 — — 353,535 353,535 — — Total assets $ 6,067,346 $ 353,535 $ 5,713,811 $ —
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, 2019 and December 31, 2018: Carrying Estimated fair value (in thousands) Amount Total Level 1 Level 2 Level 3 June 30, 2019 Assets: Cash and cash equivalents $ 1,411,965 $ 1,411,965 $ 1,411,965 $ — $ — Deposits with banks $ 38,054 $ 37,987 $ 2,030 $ 35,957 $ — Notes receivable, net $ 13,008 $ 13,150 $ — $ — $ 13,150 Secured financings receivable $ 201,206 $ 201,206 $ — $ 201,206 $ — Liabilities: Secured financings payable $ 190,114 $ 190,114 $ — $ 190,114 $ — Notes and contracts payable $ 729,614 $ 762,708 $ — $ 757,887 $ 4,821 Carrying Estimated fair value (in thousands) Amount Total Level 1 Level 2 Level 3 December 31, 2018 Assets: Cash and cash equivalents $ 1,467,129 $ 1,467,129 $ 1,467,129 $ — $ — Deposits with banks $ 36,209 $ 35,979 $ 4,307 $ 31,672 $ — Notes receivable, net $ 13,237 $ 12,805 $ — $ — $ 12,805 Secured financings receivable $ 76,311 $ 76,311 $ — $ 76,311 $ — Liabilities: Secured financings payable $ 76,313 $ 76,313 $ — $ 76,313 $ — Notes and contracts payable $ 732,019 $ 741,839 $ — $ 736,048 $ 5,791

Share-Based Compensation Plans

Share-Based Compensation Plans (Tables)	6 Months Ended
	Jun. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Costs Associated with Share-Based Compensation Plans	The following table presents costs associated with the Company’s share-based compensation plans: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Expense: RSUs $ 6,805 $ 6,652 $ 25,153 $ 25,178 Employee stock purchase plan 953 974 2,202 1,957 $ 7,758 $ 7,626 $ 27,355 $ 27,135
Summary of RSU Activity	The following table summarizes RSU activity for the six months ended June 30, 2019: (in thousands, except weighted-average grant-date fair value) Shares Weighted-average grant-date fair value Unvested at December 31, 2018 1,248 $ 44.53 Granted during 2019 734 $ 51.36 Vested during 2019 (790 ) $ 44.44 Forfeited during 2019 (15 ) $ 46.72 Unvested at June 30, 2019 1,177 $ 48.81

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) ("AOCI") (Tables)	6 Months Ended
	Jun. 30, 2019
Accumulated Other Comprehensive Income Other Comprehensive Income [Abstract]
Components of Accumulated Other Comprehensive Income (Loss)	The following table presents a summary of the changes in each component of AOCI for the six months ended June 30, 2019: (in thousands) Unrealized gains (losses) on debt securities Foreign currency translation adjustment Pension benefit adjustment Accumulated other comprehensive income (loss) Balance at December 31, 2018 $ (42,165 ) $ (65,628 ) $ (52,780 ) $ (160,573 ) Change in unrealized gains (losses) on debt securities 147,634 — — 147,634 Change in foreign currency translation adjustment — 10,760 — 10,760 Amortization of net actuarial loss — — 1,830 1,830 Amortization of prior service credit — — (2,035 ) (2,035 ) Tax effect (34,955 ) (428 ) 54 (35,329 ) Balance at June 30, 2019 $ 70,514 $ (55,296 ) $ (52,931 ) $ (37,713 ) Allocated to the Company $ 70,513 $ (55,296 ) $ (52,931 ) $ (37,714 ) Allocated to noncontrolling interests 1 — — 1 Balance at June 30, 2019 $ 70,514 $ (55,296 ) $ (52,931 ) $ (37,713 )
Adjustments for Reclassification of Other Comprehensive Income (Loss)	The following table presents the other comprehensive income (loss) reclassification adjustments for the three months ended June 30, 2019 and 2018: (in thousands) Unrealized gains (losses) on debt securities Foreign currency translation adjustment Pension benefit adjustment Total other comprehensive income (loss) Three Months Ended June 30, 2019 Pretax change before reclassifications $ 69,582 $ 3,594 $ — $ 73,176 Reclassifications out of AOCI 246 — (102 ) 144 Tax effect (16,654 ) (150 ) 27 (16,777 ) Total other comprehensive income (loss), net of tax $ 53,174 $ 3,444 $ (75 ) $ 56,543 Three Months Ended June 30, 2018 Pretax change before reclassifications $ (18,199 ) $ (10,545 ) $ — $ (28,744 ) Reclassifications out of AOCI 2,055 — 160 2,215 Tax effect 3,669 — (41 ) 3,628 Total other comprehensive income (loss), net of tax $ (12,475 ) $ (10,545 ) $ 119 $ (22,901 ) The following table presents the other comprehensive income (loss) reclassification adjustments for the six months ended June 30, 201 9 and 201 8 : (in thousands) Unrealized gains (losses) on debt securities Foreign currency translation adjustment Pension benefit adjustment Total other comprehensive income (loss) Six Months Ended June 30, 2019 Pretax change before reclassifications $ 147,347 $ 10,760 $ — $ 158,107 Reclassifications out of AOCI 287 — (205 ) 82 Tax effect (34,955 ) (428 ) 54 (35,329 ) Total other comprehensive income (loss), net of tax $ 112,679 $ 10,332 $ (151 ) $ 122,860 Six Months Ended June 30, 2018 Pretax change before reclassifications $ (79,526 ) $ (14,297 ) $ — $ (93,823 ) Reclassifications out of AOCI 2,468 — 320 2,788 Tax effect 17,787 — (81 ) 17,706 Total other comprehensive income (loss), net of tax $ (59,271 ) $ (14,297 ) $ 239 $ (73,329 )
Reclassifications out of Accumulated Other Comprehensive Income (Loss)	The following table presents the effects of the reclassifications out of AOCI on the respective line items in the condensed consolidated statements of income: Amounts reclassified from AOCI Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Affected line items Unrealized gains (losses) on debt securities: Net realized gains (losses) on sales of debt securities $ (246 ) $ (2,055 ) $ (287 ) $ (2,468 ) Net realized investment gains (losses) Pretax total $ (246 ) $ (2,055 ) $ (287 ) $ (2,468 ) Tax effect $ 58 $ 467 $ 68 $ 570 Pension benefit adjustment (1): Amortization of net actuarial loss $ (915 ) $ (1,205 ) $ (1,830 ) $ (2,410 ) Other operating expenses Amortization of prior service credit 1,017 1,045 2,035 2,090 Other operating expenses Pretax total $ 102 $ (160 ) $ 205 $ (320 ) Tax effect $ (27 ) $ 41 $ (54 ) $ 81 (1) These components of AOCI are components of net periodic cost. See Note 11 Employee Benefit Plans for additional details.

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Schedule of Selected Financial Information	For the three months ended June 30, 2019: (in thousands) Revenues Income (loss) before income taxes Depreciation and amortization Capital expenditures Title Insurance and Services $ 1,371,874 $ 232,813 $ 31,061 $ 23,491 Specialty Insurance 122,968 15,740 1,785 2,675 Corporate 4,127 (19,056 ) 38 — Eliminations (349 ) — — — $ 1,498,620 $ 229,497 $ 32,884 $ 26,166 (in thousands) Direct premiums and escrow fees Agent premiums Information and other Net investment income Net realized investment gains (losses) Total Revenues Title Insurance and Services $ 552,358 $ 543,847 $ 197,779 $ 70,970 $ 6,920 $ 1,371,874 Specialty Insurance 115,660 — 3,153 2,700 1,455 122,968 $ 668,018 $ 543,847 $ 200,932 $ 73,670 $ 8,375 $ 1,494,842 For the three months ended June 30, 2018 : (in thousands) Revenues Income (loss) before income taxes Depreciation and amortization Capital expenditures Title Insurance and Services $ 1,369,040 $ 209,642 $ 29,343 $ 34,884 Specialty Insurance 120,188 10,121 1,677 5,047 Corporate 2,208 (17,795 ) 38 — Eliminations (279 ) — — — $ 1,491,157 $ 201,968 $ 31,058 $ 39,931 (in thousands) Direct premiums and escrow fees Agent premiums Information and other Net investment income Net realized investment gains (losses) Total Revenues Title Insurance and Services $ 548,616 $ 559,004 $ 206,095 $ 51,737 $ 3,588 $ 1,369,040 Specialty Insurance 112,966 — 2,924 2,401 1,897 120,188 $ 661,582 $ 559,004 $ 209,019 $ 54,138 $ 5,485 $ 1,489,228 For the six months ended June 30, 2019: (in thousands) Revenues Income (loss) before income taxes Depreciation and amortization Capital expenditures Title Insurance and Services $ 2,544,056 $ 374,820 $ 62,223 $ 48,970 Specialty Insurance 245,149 33,525 3,519 5,172 Corporate 13,686 (37,178 ) 76 — Eliminations (690 ) — — — $ 2,802,201 $ 371,167 $ 65,818 $ 54,142 (in thousands) Direct premiums and escrow fees Agent premiums Information and other Net investment income Net realized investment gains (losses) Total Revenues Title Insurance and Services $ 955,114 $ 1,045,384 $ 367,870 $ 141,023 $ 34,665 $ 2,544,056 Specialty Insurance 227,106 — 6,219 5,432 6,392 245,149 $ 1,182,220 $ 1,045,384 $ 374,089 $ 146,455 $ 41,057 $ 2,789,205 For the six months ended June 30, 2018 : (in thousands) Revenues Income (loss) before income taxes Depreciation and amortization Capital expenditures Title Insurance and Services $ 2,554,505 $ 312,023 $ 57,460 $ 55,955 Specialty Insurance 233,572 20,021 3,269 7,577 Corporate 1,027 (37,011 ) 76 — Eliminations (559 ) — — — $ 2,788,545 $ 295,033 $ 60,805 $ 63,532 (in thousands) Direct premiums and escrow fees Agent premiums Information and other Net investment income Net realized investment gains (losses) Total Revenues Title Insurance and Services $ 982,768 $ 1,086,718 $ 392,116 $ 93,137 $ (234 ) $ 2,554,505 Specialty Insurance 222,692 — 5,826 4,989 65 233,572 $ 1,205,460 $ 1,086,718 $ 397,942 $ 98,126 $ (169 ) $ 2,788,077

Basis of Condensed Consolidat_3

Basis of Condensed Consolidated Financial Statement (Narrative) (Details) $ in Millions	Jan. 01, 2019USD ($)
Accounting Standards Update 2016-02
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Deferred gains on previous sale and operating leaseback transactions	$ 1.3

Escrow Deposits, Like-Kind Ex_2

Escrow Deposits, Like-Kind Exchange Deposits and Trust Assets (Narrative) (Detail) - USD ($) $ in Billions	Jun. 30, 2019	Dec. 31, 2018
Other Assets [Line Items]
Escrow deposits	$ 8.2	$ 7.6
Like-kind exchange funds	2.4	2.7
First American Trust
Other Assets [Line Items]
Escrow deposits	3.7	3.6
Assets held-in-trust	$ 4	$ 3.6

Debt and Equity Securities (Inv

Debt and Equity Securities (Investments in Debt Securities, Classified as Available-For-Sale) (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Schedule Of Available For Sale Securities [Line Items]
Debt Securities, Amortized cost	$ 5,899,627	$ 5,761,150
Debt Securities, Gross unrealized gains	112,987	23,361
Debt Securities, Gross unrealized losses	(12,692)	(70,700)
Debt securities, Estimated fair value	5,999,922	5,713,811
U.S. Treasury Bonds
Schedule Of Available For Sale Securities [Line Items]
Debt Securities, Amortized cost	243,585	162,904
Debt Securities, Gross unrealized gains	1,746	741
Debt Securities, Gross unrealized losses	(49)	(1,139)
Debt securities, Estimated fair value	245,282	162,506
Municipal Bonds
Schedule Of Available For Sale Securities [Line Items]
Debt Securities, Amortized cost	1,048,405	1,050,134
Debt Securities, Gross unrealized gains	38,331	7,210
Debt Securities, Gross unrealized losses	(205)	(12,309)
Debt securities, Estimated fair value	1,086,531	1,045,035
Foreign Government Bonds
Schedule Of Available For Sale Securities [Line Items]
Debt Securities, Amortized cost	150,800	158,885
Debt Securities, Gross unrealized gains	1,904	571
Debt Securities, Gross unrealized losses	(150)	(2,159)
Debt securities, Estimated fair value	152,554	157,297
Governmental Agency Bonds
Schedule Of Available For Sale Securities [Line Items]
Debt Securities, Amortized cost	391,720	319,115
Debt Securities, Gross unrealized gains	5,958	1,145
Debt Securities, Gross unrealized losses	(514)	(4,093)
Debt securities, Estimated fair value	397,164	316,167
Governmental Agency Mortgage-Backed Securities
Schedule Of Available For Sale Securities [Line Items]
Debt Securities, Amortized cost	3,259,857	3,219,585
Debt Securities, Gross unrealized gains	42,378	12,030
Debt Securities, Gross unrealized losses	(9,940)	(29,016)
Debt securities, Estimated fair value	3,292,295	3,202,599
U.S. Corporate Debt Securities
Schedule Of Available For Sale Securities [Line Items]
Debt Securities, Amortized cost	526,138	575,646
Debt Securities, Gross unrealized gains	15,896	1,113
Debt Securities, Gross unrealized losses	(1,051)	(15,499)
Debt securities, Estimated fair value	540,983	561,260
Foreign Corporate Debt Securities
Schedule Of Available For Sale Securities [Line Items]
Debt Securities, Amortized cost	279,122	274,881
Debt Securities, Gross unrealized gains	6,774	551
Debt Securities, Gross unrealized losses	(783)	(6,485)
Debt securities, Estimated fair value	$ 285,113	$ 268,947

Debt and Equity Securities (Nar

Debt and Equity Securities (Narrative) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Schedule Of Debt and Equity Securities [Line Items]
Realized gains on sales of debt securities	$ 1,800	$ 700	$ 4,900	$ 1,300
Realized losses on sales of debt securities	1,700	2,600	4,700	3,800
Proceeds from sale of debt securities	231,300	186,600	622,700	342,300
Realized and unrealized net gains (losses) on equity securities	8,900	7,700	41,400	1,800
Net unrealized gains on equity securities	8,400	$ 5,600	37,400	$ 1,800
Debt securities, Estimated fair value	5,999,922		5,999,922		$ 5,713,811
Estimated fair value of debt securities, Unrealized loss position	1,741,241		1,741,241		$ 3,373,514
Bank Loans
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	78,600		78,600
Estimated fair value of debt securities, Unrealized loss position	58,700		58,700
Emerging Market Securities
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	67,100		67,100
Estimated fair value of debt securities, Unrealized loss position	4,200		4,200
Non-Investment Grade
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	118,467		118,467
Estimated fair value of debt securities, Unrealized loss position	66,441		66,441
Non-Investment Grade | Bank Loans
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	68,700		68,700
Estimated fair value of debt securities, Unrealized loss position	53,000		53,000
Non-Investment Grade | High Yield Corporate Debt Securities
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	39,500		39,500
Estimated fair value of debt securities, Unrealized loss position	11,000		11,000
Non-Investment Grade | Emerging Market Securities
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	8,900		8,900
Estimated fair value of debt securities, Unrealized loss position	$ 2,400		$ 2,400

Debt and Equity Securities (Gro

Debt and Equity Securities (Gross Unrealized Losses on Investments in Debt Securities) (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value, Less than 12 months	$ 638,150	$ 1,672,754
Unrealized losses, Less than 12 months	(3,141)	(25,709)
Estimated fair value, 12 months or longer	1,103,091	1,700,760
Unrealized losses, 12 months or longer	(9,551)	(44,991)
Estimated fair value, Total	1,741,241	3,373,514
Unrealized losses, Total	(12,692)	(70,700)
U.S. Treasury Bonds
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value, Less than 12 months	8,921	19,749
Unrealized losses, Less than 12 months	(11)	(85)
Estimated fair value, 12 months or longer	14,863	55,615
Unrealized losses, 12 months or longer	(38)	(1,054)
Estimated fair value, Total	23,784	75,364
Unrealized losses, Total	(49)	(1,139)
Municipal Bonds
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value, Less than 12 months	9,029	172,387
Unrealized losses, Less than 12 months	(46)	(1,772)
Estimated fair value, 12 months or longer	59,364	369,139
Unrealized losses, 12 months or longer	(159)	(10,537)
Estimated fair value, Total	68,393	541,526
Unrealized losses, Total	(205)	(12,309)
Foreign Government Bonds
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value, Less than 12 months	47,048	23,654
Unrealized losses, Less than 12 months	(79)	(1,037)
Estimated fair value, 12 months or longer	13,020	42,119
Unrealized losses, 12 months or longer	(71)	(1,122)
Estimated fair value, Total	60,068	65,773
Unrealized losses, Total	(150)	(2,159)
Governmental Agency Bonds
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value, Less than 12 months	15,282	56,270
Unrealized losses, Less than 12 months	(67)	(748)
Estimated fair value, 12 months or longer	45,817	90,631
Unrealized losses, 12 months or longer	(447)	(3,345)
Estimated fair value, Total	61,099	146,901
Unrealized losses, Total	(514)	(4,093)
Governmental Agency Mortgage-Backed Securities
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value, Less than 12 months	466,134	850,459
Unrealized losses, Less than 12 months	(1,963)	(6,955)
Estimated fair value, 12 months or longer	891,182	982,610
Unrealized losses, 12 months or longer	(7,977)	(22,061)
Estimated fair value, Total	1,357,316	1,833,069
Unrealized losses, Total	(9,940)	(29,016)
U.S. Corporate Debt Securities
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value, Less than 12 months	66,367	374,473
Unrealized losses, Less than 12 months	(575)	(10,537)
Estimated fair value, 12 months or longer	48,940	109,844
Unrealized losses, 12 months or longer	(476)	(4,962)
Estimated fair value, Total	115,307	484,317
Unrealized losses, Total	(1,051)	(15,499)
Foreign Corporate Debt Securities
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value, Less than 12 months	25,369	175,762
Unrealized losses, Less than 12 months	(400)	(4,575)
Estimated fair value, 12 months or longer	29,905	50,802
Unrealized losses, 12 months or longer	(383)	(1,910)
Estimated fair value, Total	55,274	226,564
Unrealized losses, Total	$ (783)	$ (6,485)

Debt and Equity Securities (I_2

Debt and Equity Securities (Investments in Debt Securities by Contractual Maturity) (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Schedule Of Available For Sale Securities [Line Items]
Debt Securities, Amortized cost	$ 5,899,627	$ 5,761,150
Debt securities, Estimated fair value	5,999,922	5,713,811
U.S. Treasury Bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, Due in one year or less	173,833
Amortized cost, Due after one through five years	63,118
Amortized cost, Due after five through ten years	109
Amortized cost, Due after ten years	6,525
Debt Securities, Amortized cost	243,585	162,904
Estimated fair value, Due in one year or less	173,928
Estimated fair value, Due after one through five years	63,656
Estimated fair value, Due after five through ten years	138
Estimated fair value, Due after ten years	7,560
Debt securities, Estimated fair value	245,282	162,506
Municipal Bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, Due in one year or less	70,793
Amortized cost, Due after one through five years	164,852
Amortized cost, Due after five through ten years	256,433
Amortized cost, Due after ten years	556,327
Debt Securities, Amortized cost	1,048,405	1,050,134
Estimated fair value, Due in one year or less	71,018
Estimated fair value, Due after one through five years	166,972
Estimated fair value, Due after five through ten years	266,762
Estimated fair value, Due after ten years	581,779
Debt securities, Estimated fair value	1,086,531	1,045,035
Foreign Government Bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, Due in one year or less	25,100
Amortized cost, Due after one through five years	98,871
Amortized cost, Due after five through ten years	18,513
Amortized cost, Due after ten years	8,316
Debt Securities, Amortized cost	150,800	158,885
Estimated fair value, Due in one year or less	25,036
Estimated fair value, Due after one through five years	99,847
Estimated fair value, Due after five through ten years	19,164
Estimated fair value, Due after ten years	8,507
Debt securities, Estimated fair value	152,554	157,297
Governmental Agency Bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, Due in one year or less	27,209
Amortized cost, Due after one through five years	120,988
Amortized cost, Due after five through ten years	158,143
Amortized cost, Due after ten years	85,380
Debt Securities, Amortized cost	391,720	319,115
Estimated fair value, Due in one year or less	27,196
Estimated fair value, Due after one through five years	121,778
Estimated fair value, Due after five through ten years	161,447
Estimated fair value, Due after ten years	86,743
Debt securities, Estimated fair value	397,164	316,167
U.S. Corporate Debt Securities
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, Due in one year or less	42,651
Amortized cost, Due after one through five years	274,338
Amortized cost, Due after five through ten years	183,178
Amortized cost, Due after ten years	25,971
Debt Securities, Amortized cost	526,138	575,646
Estimated fair value, Due in one year or less	42,640
Estimated fair value, Due after one through five years	280,571
Estimated fair value, Due after five through ten years	189,542
Estimated fair value, Due after ten years	28,230
Debt securities, Estimated fair value	540,983	561,260
Foreign Corporate Debt Securities
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, Due in one year or less	24,110
Amortized cost, Due after one through five years	172,822
Amortized cost, Due after five through ten years	73,892
Amortized cost, Due after ten years	8,298
Debt Securities, Amortized cost	279,122	274,881
Estimated fair value, Due in one year or less	24,134
Estimated fair value, Due after one through five years	175,232
Estimated fair value, Due after five through ten years	76,848
Estimated fair value, Due after ten years	8,899
Debt securities, Estimated fair value	285,113	$ 268,947
Debt Securities Excluding Mortgage Backed Securities
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, Due in one year or less	363,696
Amortized cost, Due after one through five years	894,989
Amortized cost, Due after five through ten years	690,268
Amortized cost, Due after ten years	690,817
Debt Securities, Amortized cost	2,639,770
Estimated fair value, Due in one year or less	363,952
Estimated fair value, Due after one through five years	908,056
Estimated fair value, Due after five through ten years	713,901
Estimated fair value, Due after ten years	721,718
Debt securities, Estimated fair value	2,707,627
Total Mortgage-Backed Securities
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	3,259,857
Estimated fair value	$ 3,292,295

Debt and Equity Securities (I_3

Debt and Equity Securities (Investments in Equity Securities) (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Debt And Equity Securities F V N I [Line Items]
Equity securities, Cost	$ 369,059	$ 358,352
Equity securities, Estimated fair value	399,048	353,535
Preferred stocks
Debt And Equity Securities F V N I [Line Items]
Equity securities, Cost	17,464	16,892
Equity securities, Estimated fair value	13,440	14,162
Common stocks
Debt And Equity Securities F V N I [Line Items]
Equity securities, Cost	351,595	341,460
Equity securities, Estimated fair value	$ 385,608	$ 339,373

Debt and Equity Securities (Com

Debt and Equity Securities (Composition of Investment Portfolio by Credit Rating Agencies) (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 5,999,922	$ 5,713,811
Equity securities, Estimated fair value	399,048	353,535
Estimated fair value, Total	$ 6,013,362
Percentage of debt securities by credit rating agencies	100.00%
Percentage of investment portfolio by credit rating agencies	100.00%
Investment Grade | A- or Higher
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 5,485,113
Estimated fair value, Total	$ 5,485,160
Percentage of debt securities by credit rating agencies	91.40%
Percentage of investment portfolio by credit rating agencies	91.20%
Investment Grade | BBB+ to BBB-
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 396,342
Estimated fair value, Total	$ 408,572
Percentage of debt securities by credit rating agencies	6.60%
Percentage of investment portfolio by credit rating agencies	6.80%
Non-Investment Grade
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 118,467
Estimated fair value, Total	$ 119,630
Percentage of debt securities by credit rating agencies	2.00%
Percentage of investment portfolio by credit rating agencies	2.00%
U.S. Treasury Bonds
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 245,282	162,506
Percentage of debt securities by credit rating agencies	100.00%
U.S. Treasury Bonds | Investment Grade | A- or Higher
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 245,282
Percentage of debt securities by credit rating agencies	100.00%
U.S. Treasury Bonds | Investment Grade | BBB+ to BBB-
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 0
Percentage of debt securities by credit rating agencies	0.00%
U.S. Treasury Bonds | Non-Investment Grade
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 0
Percentage of debt securities by credit rating agencies	0.00%
Municipal Bonds
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 1,086,531	1,045,035
Percentage of debt securities by credit rating agencies	100.00%
Municipal Bonds | Investment Grade | A- or Higher
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 1,045,937
Percentage of debt securities by credit rating agencies	96.30%
Municipal Bonds | Investment Grade | BBB+ to BBB-
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 39,214
Percentage of debt securities by credit rating agencies	3.60%
Municipal Bonds | Non-Investment Grade
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 1,380
Percentage of debt securities by credit rating agencies	0.10%
Foreign Government Bonds
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 152,554	157,297
Percentage of debt securities by credit rating agencies	100.00%
Foreign Government Bonds | Investment Grade | A- or Higher
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 133,639
Percentage of debt securities by credit rating agencies	87.60%
Foreign Government Bonds | Investment Grade | BBB+ to BBB-
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 13,453
Percentage of debt securities by credit rating agencies	8.80%
Foreign Government Bonds | Non-Investment Grade
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 5,462
Percentage of debt securities by credit rating agencies	3.60%
Governmental Agency Bonds
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 397,164	316,167
Percentage of debt securities by credit rating agencies	100.00%
Governmental Agency Bonds | Investment Grade | A- or Higher
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 397,164
Percentage of debt securities by credit rating agencies	100.00%
Governmental Agency Bonds | Investment Grade | BBB+ to BBB-
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 0
Percentage of debt securities by credit rating agencies	0.00%
Governmental Agency Bonds | Non-Investment Grade
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 0
Percentage of debt securities by credit rating agencies	0.00%
Governmental Agency Mortgage-Backed Securities
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 3,292,295	3,202,599
Percentage of debt securities by credit rating agencies	100.00%
Governmental Agency Mortgage-Backed Securities | Investment Grade | A- or Higher
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 3,292,295
Percentage of debt securities by credit rating agencies	100.00%
Governmental Agency Mortgage-Backed Securities | Investment Grade | BBB+ to BBB-
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 0
Percentage of debt securities by credit rating agencies	0.00%
Governmental Agency Mortgage-Backed Securities | Non-Investment Grade
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 0
Percentage of debt securities by credit rating agencies	0.00%
U.S. Corporate Debt Securities
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 540,983	561,260
Percentage of debt securities by credit rating agencies	100.00%
U.S. Corporate Debt Securities | Investment Grade | A- or Higher
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 250,349
Percentage of debt securities by credit rating agencies	46.30%
U.S. Corporate Debt Securities | Investment Grade | BBB+ to BBB-
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 201,802
Percentage of debt securities by credit rating agencies	37.30%
U.S. Corporate Debt Securities | Non-Investment Grade
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 88,832
Percentage of debt securities by credit rating agencies	16.40%
Foreign Corporate Debt Securities
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 285,113	268,947
Percentage of debt securities by credit rating agencies	100.00%
Foreign Corporate Debt Securities | Investment Grade | A- or Higher
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 120,447
Percentage of debt securities by credit rating agencies	42.20%
Foreign Corporate Debt Securities | Investment Grade | BBB+ to BBB-
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 141,873
Percentage of debt securities by credit rating agencies	49.80%
Foreign Corporate Debt Securities | Non-Investment Grade
Schedule Of Debt and Equity Securities [Line Items]
Debt securities, Estimated fair value	$ 22,793
Percentage of debt securities by credit rating agencies	8.00%
Preferred stocks
Schedule Of Debt and Equity Securities [Line Items]
Equity securities, Estimated fair value	$ 13,440	$ 14,162
Percentage of equity securities by credit rating agencies	100.00%
Preferred stocks | Investment Grade | A- or Higher
Schedule Of Debt and Equity Securities [Line Items]
Equity securities, Estimated fair value	$ 47
Percentage of equity securities by credit rating agencies	0.30%
Preferred stocks | Investment Grade | BBB+ to BBB-
Schedule Of Debt and Equity Securities [Line Items]
Equity securities, Estimated fair value	$ 12,230
Percentage of equity securities by credit rating agencies	91.00%
Preferred stocks | Non-Investment Grade
Schedule Of Debt and Equity Securities [Line Items]
Equity securities, Estimated fair value	$ 1,163
Percentage of equity securities by credit rating agencies	8.70%

Debt and Equity Securities (C_2

Debt and Equity Securities (Composition of Debt Securities Portfolio in Unrealized Loss Position by Credit Rating Agencies) (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 1,741,241	$ 3,373,514
Percentage of debt securities in unrealized loss position	100.00%
Investment Grade | A- or Higher
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 1,630,686
Percentage of debt securities in unrealized loss position	93.70%
Investment Grade | BBB+ to BBB-
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 44,114
Percentage of debt securities in unrealized loss position	2.50%
Non-Investment Grade
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 66,441
Percentage of debt securities in unrealized loss position	3.80%
U.S. Treasury Bonds
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 23,784	75,364
Percentage of debt securities in unrealized loss position	100.00%
U.S. Treasury Bonds | Investment Grade | A- or Higher
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 23,784
Percentage of debt securities in unrealized loss position	100.00%
U.S. Treasury Bonds | Investment Grade | BBB+ to BBB-
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 0
Percentage of debt securities in unrealized loss position	0.00%
U.S. Treasury Bonds | Non-Investment Grade
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 0
Percentage of debt securities in unrealized loss position	0.00%
Municipal Bonds
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 68,393	541,526
Percentage of debt securities in unrealized loss position	100.00%
Municipal Bonds | Investment Grade | A- or Higher
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 68,393
Percentage of debt securities in unrealized loss position	100.00%
Municipal Bonds | Investment Grade | BBB+ to BBB-
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 0
Percentage of debt securities in unrealized loss position	0.00%
Municipal Bonds | Non-Investment Grade
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 0
Percentage of debt securities in unrealized loss position	0.00%
Foreign Government Bonds
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 60,068	65,773
Percentage of debt securities in unrealized loss position	100.00%
Foreign Government Bonds | Investment Grade | A- or Higher
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 58,156
Percentage of debt securities in unrealized loss position	96.80%
Foreign Government Bonds | Investment Grade | BBB+ to BBB-
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 0
Percentage of debt securities in unrealized loss position	0.00%
Foreign Government Bonds | Non-Investment Grade
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 1,912
Percentage of debt securities in unrealized loss position	3.20%
Governmental Agency Bonds
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 61,099	146,901
Percentage of debt securities in unrealized loss position	100.00%
Governmental Agency Bonds | Investment Grade | A- or Higher
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 61,099
Percentage of debt securities in unrealized loss position	100.00%
Governmental Agency Bonds | Investment Grade | BBB+ to BBB-
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 0
Percentage of debt securities in unrealized loss position	0.00%
Governmental Agency Bonds | Non-Investment Grade
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 0
Percentage of debt securities in unrealized loss position	0.00%
Governmental Agency Mortgage-Backed Securities
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 1,357,316	1,833,069
Percentage of debt securities in unrealized loss position	100.00%
Governmental Agency Mortgage-Backed Securities | Investment Grade | A- or Higher
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 1,357,316
Percentage of debt securities in unrealized loss position	100.00%
Governmental Agency Mortgage-Backed Securities | Investment Grade | BBB+ to BBB-
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 0
Percentage of debt securities in unrealized loss position	0.00%
Governmental Agency Mortgage-Backed Securities | Non-Investment Grade
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 0
Percentage of debt securities in unrealized loss position	0.00%
U.S. Corporate Debt Securities
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 115,307	484,317
Percentage of debt securities in unrealized loss position	100.00%
U.S. Corporate Debt Securities | Investment Grade | A- or Higher
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 38,572
Percentage of debt securities in unrealized loss position	33.40%
U.S. Corporate Debt Securities | Investment Grade | BBB+ to BBB-
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 24,435
Percentage of debt securities in unrealized loss position	21.20%
U.S. Corporate Debt Securities | Non-Investment Grade
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 52,300
Percentage of debt securities in unrealized loss position	45.40%
Foreign Corporate Debt Securities
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 55,274	$ 226,564
Percentage of debt securities in unrealized loss position	100.00%
Foreign Corporate Debt Securities | Investment Grade | A- or Higher
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 23,366
Percentage of debt securities in unrealized loss position	42.30%
Foreign Corporate Debt Securities | Investment Grade | BBB+ to BBB-
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 19,679
Percentage of debt securities in unrealized loss position	35.60%
Foreign Corporate Debt Securities | Non-Investment Grade
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value of debt securities, Unrealized loss position	$ 12,229
Percentage of debt securities in unrealized loss position	22.10%

Leases - Summary of Lease Asset

Leases - Summary of Lease Assets and Liabilities (Detail) $ in Thousands	Jun. 30, 2019USD ($)
Assets
Operating lease assets	$ 300,698
Finance lease assets	$ 4,410
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:OtherAssetsMember
Total lease assets	$ 305,108
Liabilities
Operating lease liabilities	325,400
Finance lease liabilities	$ 4,672
Finance Lease, Liability, Statement of Financial Position [Extensible List]	faf:NotesAndContractsPayableMember
Total lease liabilities	$ 330,072

Leases - Summary of Components

Leases - Summary of Components of Lease Expense (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Lease cost:
Net lease cost	$ 30,512	$ 60,207
Other Operating Expenses
Operating Leased Assets [Line Items]
Operating lease cost	21,469	43,562
Lease cost:
Variable lease cost	8,320	15,309
Short-term lease cost	529	990
Depreciation and Amortization
Lease cost:
Amortization of lease assets	523	1,096
Interest
Lease cost:
Interest of lease liabilities	49	105
Information and Other
Lease cost:
Sublease income	$ (378)	$ (855)

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments Under Operating and Finance Lease with Noncancelable Lease Terms (Detail) $ in Thousands	Jun. 30, 2019USD ($)
Operating Leases Maturities
Operating Leases, Remainder of 2019	$ 43,357
Operating Leases, 2020	79,796
Operating Leases, 2021	65,560
Operating Leases, 2022	53,790
Operating Leases, 2023	39,686
Operating Leases, 2024	27,952
Operating Leases, Thereafter	58,704
Operating Leases, Total lease payments	368,845
Operating Leases, Interest	(43,445)
Operating Leases, Present value of lease liabilities	325,400
Finance Leases Maturities
Finance Leases, Remainder of 2019	877
Finance Leases, 2020	1,464
Finance Leases, 2021	1,155
Finance Leases, 2022	1,059
Finance Leases, 2023	443
Finance Leases, 2024	0
Finance Leases, Thereafter	0
Finance Leases, Total lease payments	4,998
Finance Leases, Interest	(326)
Finance Leases, Present value of lease liabilities	4,672
Operating and Finance Leases Maturities
Total, Remainder of 2019	44,234
Total, 2020	81,260
Total, 2021	66,715
Total, 2022	54,849
Total, 2023	40,129
Total, 2024	27,952
Total, Thereafter	58,704
Total lease payments	373,843
Total, Interest	(43,771)
Total, Present value of lease liabilities	$ 330,072

Leases - Schedule of Informatio

Leases - Schedule of Information Related to Lease Terms and Discount Rate (Detail)	Jun. 30, 2019
Weighted-average remaining lease terms (years):
Operating leases	5 years 7 months 6 days
Finance leases	3 years 6 months
Weighted-average discount rates:
Operating leases	4.30%
Finance leases	4.19%

Leases - Schedule of Cash Flow

Leases - Schedule of Cash Flow Information Related to Lease Liabilities (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Lessee Disclosure [Abstract]
Cash paid for amounts included in the measurement of lease liabilities, Operating cash flows from operating leases	$ 43,624
Cash paid for amounts included in the measurement of lease liabilities, Operating cash flows from finance leases	105
Cash paid for amounts included in the measurement of lease liabilities, Financing cash flows from finance leases	982
Operating lease assets obtained in exchange for new operating lease liabilities	$ 17,516

Leases - Summary of Future Mini

Leases - Summary of Future Minimum Lease Payments Under Operating Leases with Noncancelable Lease Terms (Detail) $ in Thousands	Jun. 30, 2019USD ($)
Leases [Abstract]
2019	$ 76,375
2020	68,026
2021	54,853
2022	41,859
2023	28,948
Thereafter	64,732
Total lease payments	$ 334,793

Leases (Narrative) (Detail)

Leases (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Leases [Abstract]
Total rental expense for all operating lease	$ 22.6	$ 44.8

Goodwill (Carrying Amount of Go

Goodwill (Carrying Amount of Goodwill by Reportable Segment) (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Goodwill [Line Items]
Beginning balance	$ 1,144,166
Acquisitions	4,014
Foreign currency translation	1,975
Ending balance	1,150,155
Title Insurance and Services
Goodwill [Line Items]
Beginning balance	1,097,401
Acquisitions	4,014
Foreign currency translation	1,975
Ending balance	1,103,390
Specialty Insurance
Goodwill [Line Items]
Beginning balance	46,765
Acquisitions	0
Foreign currency translation	0
Ending balance	$ 46,765

Goodwill (Narrative) (Detail)

Goodwill (Narrative) (Detail)	6 Months Ended
	Jun. 30, 2019ReportingUnit
Goodwill And Intangible Assets Disclosure [Abstract]
Number of reporting units	4

Other Intangible Assets (Schedu

Other Intangible Assets (Schedule of Other Intangible Assets) (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Intangible Assets Net Excluding Goodwill [Abstract]
Customer relationships	$ 114,987	$ 114,603
Noncompete agreements	13,536	14,402
Trademarks	10,776	10,753
Internal-use software licenses	23,575	29,394
Patents	2,840	2,840
Finite-lived intangible assets, gross	165,714	171,992
Accumulated amortization	(86,094)	(79,535)
Finite-lived intangible assets, net	79,620	92,457
Licenses	16,915	16,915
Other intangibles assets, net	$ 96,535	$ 109,372

Other Intangible Assets (Narrat

Other Intangible Assets (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Intangible Assets Net Excluding Goodwill [Abstract]
Amortization expense	$ 7.3	$ 7.1	$ 15.3	$ 14.1

Other Intangible Assets (Estima

Other Intangible Assets (Estimated Amortization Expense for Finite-Lived Intangible Assets) (Detail) $ in Thousands	Jun. 30, 2019USD ($)
Intangible Assets Net Excluding Goodwill [Abstract]
Remainder of 2019	$ 11,660
2020	14,933
2021	11,415
2022	10,447
2023	9,851
2024	$ 7,197

Reserve for Known and Incurre_3

Reserve for Known and Incurred but Not Reported Claims (Activity in Reserve for Known and Incurred but Not Reported Claims) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Balance at beginning of period			$ 1,042,679	$ 1,028,933
Provision related to current year			194,000	199,165
Provision related to prior years			12,842	15,034
Total Provision	$ 109,130	$ 113,619	206,842	214,199
Payments, net of recoveries, related to: Current year			85,811	90,752
Payments, net of recoveries, related to: Prior years			114,084	122,786
Total Payments, net of recoveries			199,895	213,538
Other			(7,418)	(6,666)
Balance at end of period	$ 1,042,208	$ 1,022,928	$ 1,042,208	$ 1,022,928

Reserve for Known and Incurre_4

Reserve for Known and Incurred but Not Reported Claims (Narrative) (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Insurance [Abstract]
Provision for title loss, percentage of title premiums and escrow fees	4.00%	4.00%	4.00%	4.00%
Ultimate loss rate	4.00%	4.00%	4.00%	4.00%
Estimated increase in loss reserve for prior policy years	$ 0	$ 0	$ 0	$ 0

Reserve for Known and Incurre_5

Reserve for Known and Incurred but Not Reported Claims (Summary of Loss Reserves) (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Insurance [Abstract]
Known title claims, amount	$ 80,167	$ 80,306
Incurred but not reported claims, amount	881,359	877,134
Total title claims, amount	961,526	957,440
Non-title claims, amount	80,682	85,239
Total loss reserves, amount	$ 1,042,208	$ 1,042,679	$ 1,022,928	$ 1,028,933
Known title claims, percent	7.70%	7.70%
Incurred but not reported claims, percent	84.60%	84.10%
Total title claims, percent	92.30%	91.80%
Non-title claims, percent	7.70%	8.20%
Total loss reserves, percent	100.00%	100.00%

Notes and Contracts Payable (Na

Notes and Contracts Payable (Narrative) (Detail) - USD ($)	1 Months Ended	6 Months Ended
	Apr. 30, 2019	Jun. 30, 2019
Line of Credit Facility [Abstract]
Line of credit facility, maximum increase in revolving credit expansion option	$ 350,000,000
Borrowings under credit facility	160,000,000
Repayments of lines of credit	160,000,000
Outstanding borrowings under credit facility		$ 160,000,000
Credit facility interest rate		3.90%
Revolving loans, interest rate description		At the Company’s election, borrowings of revolving loans under the credit agreement bear interest at (a) the Alternate Base Rate plus the applicable spread or (b) the Adjusted LIBOR rate plus the applicable spread (in each case as defined in the credit agreement).  The Company may select interest periods of one, two, three or six months or (if agreed to by all lenders) such other number of months for Eurodollar borrowings of loans.  The applicable spread varies depending upon the debt rating assigned by Moody’s Investor Service, Inc., Standard & Poor’s Rating Services and/or Fitch Ratings Inc.  The minimum applicable spread for Alternate Base Rate borrowings is 0.25% and the maximum is 1.00%.  The minimum applicable spread for Adjusted LIBOR rate borrowings is 1.25% and the maximum is 2.00%.  The rate of interest on any term loans incurred in connection with the expansion option will be established at or about the time such loans are made and may differ from the rate of interest on revolving loans.
Credit agreement, covenant compliance description		The credit agreement includes representations and warranties, reporting covenants, affirmative covenants, negative covenants, financial covenants and events of default customary for financings of this type. Upon the occurrence of an event of default the lenders may accelerate the loans. Upon the occurrence of certain insolvency and bankruptcy events of default the loans will automatically accelerate. As of June 30, 2019, the Company was in compliance with the financial covenants under the credit agreement.
Base Rate | Minimum
Line of Credit Facility [Abstract]
Debt instrument, applicable spread		0.25%
Base Rate | Maximum
Line of Credit Facility [Abstract]
Debt instrument, applicable spread		1.00%
London Interbank Offered Rate (LIBOR) | Minimum
Line of Credit Facility [Abstract]
Debt instrument, applicable spread		1.25%
London Interbank Offered Rate (LIBOR) | Maximum
Line of Credit Facility [Abstract]
Debt instrument, applicable spread		2.00%
Unsecured Debt | JPMorgan Chase Bank, N.A
Line of Credit Facility [Abstract]
Credit facility, maximum borrowing capacity	$ 700,000,000
Credit agreement termination date	Apr. 30, 2024

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Effective income tax rates	18.40%	23.20%	20.00%	21.60%
Federal income tax rates	21.00%	21.00%	21.00%	21.00%
Net payable related to spin-off tax liabilities	$ 0.5		$ 0.5		$ 15.6
Liability for income taxes associated with uncertain tax positions	5		5		13.3
Offsetting tax benefits related to uncertain tax positions	2		2		3.7
Accrued interest and penalties on uncertain tax positions	$ 0		$ 0		5.8
Other tax benefits related to interest and penalties of uncertain tax positions					$ 1.6
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.  Any such change 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, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share [Abstract]
Net income attributable to the Company	$ 186,655	$ 155,140	$ 296,230	$ 231,367
Basic weighted-average shares	113,050	112,556	112,881	112,406
Effect of dilutive employee stock options and restricted stock units (“RSUs”)	448	561	485	687
Diluted weighted-average shares	113,498	113,117	113,366	113,093
Basic	$ 1.65	$ 1.38	$ 2.62	$ 2.06
Diluted	$ 1.64	$ 1.37	$ 2.61	$ 2.05

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
RSUs
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from the weighted-average diluted common shares outstanding	2	0	4	0
Stock options
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from the weighted-average diluted common shares outstanding			0	0

Employee Benefit Plans (Net Per

Employee Benefit Plans (Net Periodic Costs) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Defined Benefit Plan Net Periodic Benefit Cost [Abstract]
Service costs	$ 71	$ 130	$ 141	$ 260
Interest costs	2,279	2,018	4,558	4,036
Amortization of net actuarial loss	915	1,205	1,830	2,410
Amortization of prior service credit	(1,017)	(1,045)	(2,035)	(2,090)
Net periodic costs	$ 2,248	$ 2,308	$ 4,494	$ 4,616

Employee Benefit Plans (Narrati

Employee Benefit Plans (Narrative) (Detail) - Unfunded Supplemental Benefit Plans $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)
Defined Benefit Plan Disclosure [Line Items]
Contribution for pension obligation	$ 7.2
Cash contribution to plans during the remainder	$ 7.4

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value of Assets Measured on Recurring Basis) (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	$ 5,999,922	$ 5,713,811
Equity securities, estimated fair value	399,048	353,535
Debt and Equity securities, estimated fair value	6,398,970	6,067,346
Level 1
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	0	0
Equity securities, estimated fair value	399,048	353,535
Debt and Equity securities, estimated fair value	399,048	353,535
Level 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	5,999,922	5,713,811
Equity securities, estimated fair value	0	0
Debt and Equity securities, estimated fair value	5,999,922	5,713,811
Level 3
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	0	0
Equity securities, estimated fair value	0	0
Debt and Equity securities, estimated fair value	0	0
U.S. Treasury Bonds
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	245,282	162,506
U.S. Treasury Bonds | Level 1
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	0	0
U.S. Treasury Bonds | Level 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	245,282	162,506
U.S. Treasury Bonds | Level 3
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	0	0
Municipal Bonds
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	1,086,531	1,045,035
Municipal Bonds | Level 1
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	0	0
Municipal Bonds | Level 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	1,086,531	1,045,035
Municipal Bonds | Level 3
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	0	0
Foreign Government Bonds
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	152,554	157,297
Foreign Government Bonds | Level 1
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	0	0
Foreign Government Bonds | Level 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	152,554	157,297
Foreign Government Bonds | Level 3
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	0	0
Governmental Agency Bonds
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	397,164	316,167
Governmental Agency Bonds | Level 1
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	0	0
Governmental Agency Bonds | Level 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	397,164	316,167
Governmental Agency Bonds | Level 3
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	0	0
Governmental Agency Mortgage-Backed Securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	3,292,295	3,202,599
Governmental Agency Mortgage-Backed Securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	0	0
Governmental Agency Mortgage-Backed Securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	3,292,295	3,202,599
Governmental Agency Mortgage-Backed Securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	0	0
U.S. Corporate Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	540,983	561,260
U.S. Corporate Debt Securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	0	0
U.S. Corporate Debt Securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	540,983	561,260
U.S. Corporate Debt Securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	0	0
Foreign Corporate Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	285,113	268,947
Foreign Corporate Debt Securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	0	0
Foreign Corporate Debt Securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	285,113	268,947
Foreign Corporate Debt Securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Debt securities, estimated fair value	0	0
Preferred stocks
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Equity securities, estimated fair value	13,440	14,162
Preferred stocks | Level 1
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Equity securities, estimated fair value	13,440	14,162
Preferred stocks | Level 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Equity securities, estimated fair value	0	0
Preferred stocks | Level 3
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Equity securities, estimated fair value	0	0
Common Stock
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Equity securities, estimated fair value	385,608	339,373
Common Stock | Level 1
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Equity securities, estimated fair value	385,608	339,373
Common Stock | Level 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Equity securities, estimated fair value	0	0
Common Stock | Level 3
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Equity securities, estimated fair value	$ 0	$ 0

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Detail) - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Fair value assets, Level 1 to Level 2 transfers amount	$ 0	$ 0
Fair value assets, Level 2 to Level 1 transfers amount	$ 0	$ 0

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, 2019	Dec. 31, 2018
Carrying Amount
Assets:
Cash and cash equivalents	$ 1,411,965	$ 1,467,129
Deposits with banks	38,054	36,209
Notes receivable, net	13,008	13,237
Secured financings receivable	201,206	76,311
Liabilities:
Secured financings payable	190,114	76,313
Notes and contracts payable	729,614	732,019
Estimated Fair Value
Assets:
Cash and cash equivalents	1,411,965	1,467,129
Deposits with banks	37,987	35,979
Notes receivable, net	13,150	12,805
Secured financings receivable	201,206	76,311
Liabilities:
Secured financings payable	190,114	76,313
Notes and contracts payable	762,708	741,839
Estimated Fair Value | Level 1
Assets:
Cash and cash equivalents	1,411,965	1,467,129
Deposits with banks	2,030	4,307
Notes receivable, net	0	0
Secured financings receivable	0	0
Liabilities:
Secured financings payable	0	0
Notes and contracts payable	0	0
Estimated Fair Value | Level 2
Assets:
Cash and cash equivalents	0	0
Deposits with banks	35,957	31,672
Notes receivable, net	0	0
Secured financings receivable	201,206	76,311
Liabilities:
Secured financings payable	190,114	76,313
Notes and contracts payable	757,887	736,048
Estimated Fair Value | Level 3
Assets:
Cash and cash equivalents	0	0
Deposits with banks	0	0
Notes receivable, net	13,150	12,805
Secured financings receivable	0	0
Liabilities:
Secured financings payable	0	0
Notes and contracts payable	$ 4,821	$ 5,791

Share-Based Compensation (Costs

Share-Based Compensation (Costs Associated with Share-Based Compensation Plans) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	$ 7,758	$ 7,626	$ 27,355	$ 27,135
RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	6,805	6,652	25,153	25,178
Employee stock purchase plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	$ 953	$ 974	$ 2,202	$ 1,957

Share-Based Compensation (Summa

Share-Based Compensation (Summary of RSU Activity) (Detail) - RSUs - RSUs shares in Thousands	6 Months Ended
	Jun. 30, 2019$ / sharesshares
RSU, Shares
Unvested at December 31, 2018 | shares	1,248
Granted during 2019 | shares	734
Vested during 2019 | shares	(790)
Forfeited during 2019 | shares	(15)
Unvested at June 30, 2019 | shares	1,177
RSU, Weighted-average grant-date fair value
Unvested at December 31, 2018 | $ / shares	$ 44.53
Granted during 2019 | $ / shares	51.36
Vested during 2019 | $ / shares	44.44
Forfeited during 2019 | $ / shares	46.72
Unvested at June 30, 2019 | $ / shares	$ 48.81

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (AOCI) (Components of Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated other comprehensive income (loss) including non-controlling interest, Beginning Balance			$ (160,573)
Change in unrealized gains (losses) on debt securities			147,634
Change in foreign currency translation adjustment			10,760
Amortization of net actuarial loss			1,830
Amortization of prior service credit			(2,035)
Tax effect	$ (16,777)	$ 3,628	(35,329)	$ 17,706
Accumulated other comprehensive income (loss) including non-controlling interest, Ending Balance	(37,713)		(37,713)
Allocated to the Company	(37,714)		(37,714)		$ (160,575)
Allocated to noncontrolling interests	1		1
Unrealized gains (losses) on debt securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated other comprehensive income (loss) including non-controlling interest, Beginning Balance			(42,165)
Change in unrealized gains (losses) on debt securities			147,634
Tax effect	(16,654)	3,669	(34,955)	17,787
Accumulated other comprehensive income (loss) including non-controlling interest, Ending Balance	70,514		70,514
Allocated to the Company	70,513		70,513
Allocated to noncontrolling interests	1		1
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			(65,628)
Change in foreign currency translation adjustment			10,760
Tax effect	(150)	0	(428)	0
Accumulated other comprehensive income (loss) including non-controlling interest, Ending Balance	(55,296)		(55,296)
Allocated to the Company	(55,296)		(55,296)
Allocated to noncontrolling interests	0		0
Pension Benefit Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated other comprehensive income (loss) including non-controlling interest, Beginning Balance			(52,780)
Amortization of net actuarial loss			1,830
Amortization of prior service credit			(2,035)
Tax effect	27	$ (41)	54	$ (81)
Accumulated other comprehensive income (loss) including non-controlling interest, Ending Balance	(52,931)		(52,931)
Allocated to the Company	(52,931)		(52,931)
Allocated to noncontrolling interests	$ 0		$ 0

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) (Other Comprehensive Income (Loss) Reclassification Adjustments) (Detail) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Accumulated Other Comprehensive Income Loss [Line Items]
Pretax change before reclassifications	$ 73,176		$ (28,744)		$ 158,107	$ (93,823)
Reclassifications out of AOCI	144		2,215		82	2,788
Tax effect	(16,777)		3,628		(35,329)	17,706
Total other comprehensive income (loss), net of tax	56,543	$ 66,317	(22,901)	$ (50,428)	122,860	(73,329)
Unrealized gains (losses) on debt securities
Accumulated Other Comprehensive Income Loss [Line Items]
Pretax change before reclassifications	69,582		(18,199)		147,347	(79,526)
Reclassifications out of AOCI	246		2,055		287	2,468
Tax effect	(16,654)		3,669		(34,955)	17,787
Total other comprehensive income (loss), net of tax	53,174		(12,475)		112,679	(59,271)
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income Loss [Line Items]
Pretax change before reclassifications	3,594		(10,545)		10,760	(14,297)
Reclassifications out of AOCI	0		0		0	0
Tax effect	(150)		0		(428)	0
Total other comprehensive income (loss), net of tax	3,444		(10,545)		10,332	(14,297)
Pension Benefit Adjustment
Accumulated Other Comprehensive Income Loss [Line Items]
Pretax change before reclassifications	0		0		0	0
Reclassifications out of AOCI	(102)		160		(205)	320
Tax effect	27		(41)		54	(81)
Total other comprehensive income (loss), net of tax	$ (75)		$ 119		$ (151)	$ 239

Accumulated Other Comprehensi_5

Accumulated Other Comprehensive Income (Loss) (Reclassifications Out of AOCI) (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amortization of net actuarial loss				$ (1,830)
Amortization of prior service credit				2,035
Reclassifications out of AOCI		$ (144)	$ (2,215)	(82)	$ (2,788)
Unrealized gains (losses) on debt securities
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net realized gains (losses) on sales of debt securities		(246)	(2,055)	(287)	(2,468)
Reclassifications out of AOCI		(246)	(2,055)	(287)	(2,468)
Tax effect		58	467	68	570
Pension Benefit Adjustment
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amortization of net actuarial loss	[1]	(915)	(1,205)	(1,830)	(2,410)
Amortization of prior service credit	[1]	1,017	1,045	2,035	2,090
Reclassifications out of AOCI	[1]	102	(160)	205	(320)
Tax effect	[1]	$ (27)	$ 41	$ (54)	$ 81
[1]	These components of AOCI are components of net periodic cost.  See Note 11 Employee Benefit Plans for additional details.

Litigation and Regulatory Con_2

Litigation and Regulatory Contingencies (Narrative) (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)Transaction
Loss Contingencies [Line Items]
Loss contingency, pending claims, number | Transaction	129
Loss contingency, damages sought, value	$ 3,100
Loss contingency damages sought premium taxes	38,000
Loss contingency estimated recovery	2,800
Canadian Taxing Authority
Loss Contingencies [Line Items]
Income tax authority assessment	$ 14,300

Segment Information (Narrative)

Segment Information (Narrative) (Detail)	6 Months Ended
	Jun. 30, 2019State
Segment Reporting Information [Line Items]
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	35
California
Segment Reporting Information [Line Items]
Policy liability percentage	62.00%

Segment Information (Schedule o

Segment Information (Schedule of Selected Financial Information) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting Information [Line Items]
Total revenues	$ 1,498,620	$ 1,491,157	$ 2,802,201	$ 2,788,545
Income (loss) before income taxes	229,497	201,968	371,167	295,033
Depreciation and amortization	32,884	31,058	65,818	60,805
Capital expenditures	26,166	39,931	54,142	63,532
Direct premiums and escrow fees	668,018	661,582	1,182,220	1,205,460
Agent premiums	543,847	559,004	1,045,384	1,086,718
Information and other	200,669	208,752	373,561	397,410
Net investment income	77,711	56,334	159,979	99,126
Net realized investment gains (losses)	8,375	5,485	41,057	(169)
Operating Segments
Segment Reporting Information [Line Items]
Total revenues	1,494,842	1,489,228	2,789,205	2,788,077
Direct premiums and escrow fees	668,018	661,582	1,182,220	1,205,460
Agent premiums	543,847	559,004	1,045,384	1,086,718
Information and other	200,932	209,019	374,089	397,942
Net investment income	73,670	54,138	146,455	98,126
Net realized investment gains (losses)	8,375	5,485	41,057	(169)
Operating Segments | Title Insurance and Services
Segment Reporting Information [Line Items]
Total revenues	1,371,874	1,369,040	2,544,056	2,554,505
Income (loss) before income taxes	232,813	209,642	374,820	312,023
Depreciation and amortization	31,061	29,343	62,223	57,460
Capital expenditures	23,491	34,884	48,970	55,955
Direct premiums and escrow fees	552,358	548,616	955,114	982,768
Agent premiums	543,847	559,004	1,045,384	1,086,718
Information and other	197,779	206,095	367,870	392,116
Net investment income	70,970	51,737	141,023	93,137
Net realized investment gains (losses)	6,920	3,588	34,665	(234)
Operating Segments | Specialty Insurance
Segment Reporting Information [Line Items]
Total revenues	122,968	120,188	245,149	233,572
Income (loss) before income taxes	15,740	10,121	33,525	20,021
Depreciation and amortization	1,785	1,677	3,519	3,269
Capital expenditures	2,675	5,047	5,172	7,577
Direct premiums and escrow fees	115,660	112,966	227,106	222,692
Agent premiums	0	0	0	0
Information and other	3,153	2,924	6,219	5,826
Net investment income	2,700	2,401	5,432	4,989
Net realized investment gains (losses)	1,455	1,897	6,392	65
Corporate
Segment Reporting Information [Line Items]
Total revenues	4,127	2,208	13,686	1,027
Income (loss) before income taxes	(19,056)	(17,795)	(37,178)	(37,011)
Depreciation and amortization	38	38	76	76
Capital expenditures	0	0	0	0
Eliminations
Segment Reporting Information [Line Items]
Total revenues	(349)	(279)	(690)	(559)
Income (loss) before income taxes	0	0	0	0
Depreciation and amortization	0	0	0	0
Capital expenditures	$ 0	$ 0	$ 0	$ 0