Document and Entity Information - USD ($) shares in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Feb. 09, 2026 |
Jun. 30, 2025 |
|
| Cover [Abstract] | |||
| Document Type | 10-K | ||
| Amendment Flag | false | ||
| Document Period End Date | Dec. 31, 2025 | ||
| Document Fiscal Year Focus | 2025 | ||
| Document Fiscal Period Focus | FY | ||
| Entity Registrant Name | FIRST AMERICAN FINANCIAL CORPORATION | ||
| Trading Symbol | FAF | ||
| Entity Central Index Key | 0001472787 | ||
| Entity Current Reporting Status | Yes | ||
| Entity Voluntary Filers | No | ||
| Entity Interactive Data Current | Yes | ||
| Current Fiscal Year End Date | --12-31 | ||
| Entity Filer Category | Large Accelerated Filer | ||
| Entity Well-known Seasoned Issuer | Yes | ||
| Entity Public Float | $ 6,056,068,344 | ||
| Entity Common Stock, Shares Outstanding | 101.9 | ||
| ICFR Auditor Attestation Flag | true | ||
| Document Financial Statement Error Correction [Flag] | false | ||
| Entity Shell Company | false | ||
| Entity Small Business | false | ||
| Entity Emerging Growth Company | false | ||
| Title of 12(b) Security | Common stock, $0.00001 par value | ||
| Security Exchange Name | NYSE | ||
| Entity File Number | 001-34580 | ||
| Entity Incorporation, State or Country Code | DE | ||
| 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 | ||
| Document Annual Report | true | ||
| Document Transition Report | false | ||
| Documents Incorporated by Reference | Portions of the registrant’s definitive proxy statement with respect to the 2026 annual meeting of the stockholders are incorporated by reference in Part III of this report. The definitive proxy statement or an amendment to this Form 10-K will be filed no later than 120 days after the close of registrant’s fiscal year. | ||
| Auditor Name | PricewaterhouseCoopers LLP | ||
| Auditor Location | Los Angeles, California | ||
| Auditor Firm ID | 238 | ||
| Auditor Opinion | Opinions on the Financial Statements and Internal Control over Financial Reporting
We have audited the accompanying consolidated balance sheets of First American Financial Corporation and its subsidiaries (the “Company”) as of December 31, 2025 and 2024, and the related consolidated statements of income, of comprehensive income, of equity and of cash flows for each of the three years in the period ended December 31, 2025, including the related notes and financial statement schedules listed in the accompanying index (collectively referred to as the “consolidated financial statements”). We also have audited the Company's internal control over financial reporting as of December 31, 2025, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2025 and 2024, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2025 in conformity with accounting principles generally accepted in the United States of America. Also in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2025, based on criteria established in Internal Control - Integrated Framework (2013) issued by the COSO. |
Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Statement of Financial Position [Abstract] | ||
| Accounts and accrued income receivable, allowances | $ 23.9 | $ 21.5 |
| Pledged securities included in debt securities | 170.3 | 92.4 |
| Debt securities, amortized cost | $ 8,656.7 | $ 7,730.9 |
| Preferred stock, par value | $ 0.00001 | $ 0.00001 |
| Preferred stock, shares authorized | 0.5 | 0.5 |
| Preferred stock, outstanding | 0.0 | 0.0 |
| Common stock, par value | $ 0.00001 | $ 0.00001 |
| Common stock, shares authorized | 300.0 | 300.0 |
| Common stock, shares outstanding | 102.0 | 103.0 |
| Common stock shares issued not disclosed | true |
Consolidated Statements of Income (Parenthetical) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Income Statement [Abstract] | |||
| Realized (losses) gains of net investment | $ (11.4) | $ (335.1) | $ (80.9) |
Consolidated Statements of Comprehensive Income - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Statement of Comprehensive Income [Abstract] | |||
| Net income | $ 625.2 | $ 132.6 | $ 215.5 |
| Other comprehensive income (loss), net of tax: | |||
| Change in unrealized losses on debt securities | 206.1 | 199.9 | 198.0 |
| Change in foreign currency translation adjustment | 34.7 | (46.1) | 17.2 |
| Change in pension benefit adjustment | (1.1) | 5.6 | (2.1) |
| Total other comprehensive income, net of tax | 239.7 | 159.4 | 213.1 |
| Comprehensive income | 864.9 | 292.0 | 428.6 |
| Less: Comprehensive income (loss) attributable to noncontrolling interests | 3.4 | 1.5 | (1.3) |
| Comprehensive income attributable to the Company | $ 861.5 | $ 290.5 | $ 429.9 |
Consolidated Statements of Equity - USD ($) shares in Millions, $ in Millions |
Total |
Common Stock |
Additional Paid-in Capital |
Retained Earnings |
Accumulated Other Comprehensive Income (Loss) |
Total stockholders' equity |
Noncontrolling Interests |
|---|---|---|---|---|---|---|---|
| Balance at Dec. 31, 2022 | $ 4,681.2 | $ 0.0 | $ 1,812.4 | $ 3,714.3 | $ (868.9) | $ 4,657.8 | $ 23.4 |
| Balance, Shares at Dec. 31, 2022 | 103.2 | ||||||
| Net income | 215.5 | $ 0.0 | 0.0 | 216.8 | 0.0 | 216.8 | (1.3) |
| Dividends on common shares | (216.6) | 0.0 | 0.0 | (216.6) | 0.0 | (216.6) | 0.0 |
| Repurchases of Company shares | (72.8) | $ 0.0 | (72.8) | 0.0 | 0.0 | (72.8) | 0.0 |
| Repurchases of Company shares, shares | (1.3) | ||||||
| Shares issued in connection with share-based compensation | 0.4 | $ 0.0 | 4.3 | (3.9) | 0.0 | 0.4 | 0.0 |
| Shares issued in connection with share-based compensation, shares | 1.2 | ||||||
| Share-based compensation | 49.1 | $ 0.0 | 49.1 | 0.0 | 0.0 | 49.1 | 0.0 |
| Net activity related to noncontrolling interests | (7.1) | 0.0 | 0.3 | 0.0 | 0.0 | 0.3 | (7.4) |
| Other comprehensive income (loss) | 213.1 | 0.0 | 0.0 | 0.0 | 213.1 | 213.1 | 0.0 |
| Balance at Dec. 31, 2023 | 4,862.8 | $ 0.0 | 1,793.3 | 3,710.6 | (655.8) | 4,848.1 | 14.7 |
| Balance, Shares at Dec. 31, 2023 | 103.1 | ||||||
| Net income | 132.6 | $ 0.0 | 0.0 | 131.1 | 0.0 | 131.1 | 1.5 |
| Dividends on common shares | (220.7) | 0.0 | 0.0 | (220.7) | 0.0 | (220.7) | 0.0 |
| Repurchases of Company shares | (68.5) | $ 0.0 | (68.5) | 0.0 | 0.0 | (68.5) | 0.0 |
| Repurchases of Company shares, shares | (1.2) | ||||||
| Shares issued in connection with share-based compensation | 6.9 | $ 0.0 | 10.6 | (3.7) | 0.0 | 6.9 | 0.0 |
| Shares issued in connection with share-based compensation, shares | 1.1 | ||||||
| Share-based compensation | 52.0 | $ 0.0 | 52.0 | 0.0 | 0.0 | 52.0 | 0.0 |
| Net activity related to noncontrolling interests | 2.5 | 0.0 | 0.2 | 0.0 | 0.0 | 0.2 | 2.3 |
| Other comprehensive income (loss) | 159.4 | 0.0 | 0.0 | 0.0 | 159.4 | 159.4 | 0.0 |
| Balance at Dec. 31, 2024 | $ 4,927.0 | $ 0.0 | 1,787.6 | 3,617.3 | (496.4) | 4,908.5 | 18.5 |
| Balance, Shares at Dec. 31, 2024 | 103.0 | 103.0 | |||||
| Net income | $ 625.2 | $ 0.0 | 0.0 | 621.8 | 0.0 | 621.8 | 3.4 |
| Dividends on common shares | (223.0) | 0.0 | 0.0 | (223.0) | 0.0 | (223.0) | 0.0 |
| Repurchases of Company shares | (122.9) | $ 0.0 | (122.9) | 0.0 | 0.0 | (122.9) | 0.0 |
| Repurchases of Company shares, shares | (2.1) | ||||||
| Shares issued in connection with share-based compensation | 7.0 | $ 0.0 | 11.3 | (4.3) | 0.0 | 7.0 | 0.0 |
| Shares issued in connection with share-based compensation, shares | 1.1 | ||||||
| Share-based compensation | 68.4 | $ 0.0 | 68.4 | 0.0 | 0.0 | 68.4 | 0.0 |
| Net activity related to noncontrolling interests | 2.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 2.9 |
| Other comprehensive income (loss) | 239.7 | 0.0 | 0.0 | 0.0 | 239.7 | 239.7 | 0.0 |
| Balance at Dec. 31, 2025 | $ 5,524.3 | $ 0.0 | $ 1,744.4 | $ 4,011.8 | $ (256.7) | $ 5,499.5 | $ 24.8 |
| Balance, Shares at Dec. 31, 2025 | 102.0 | 102.0 |
Pay vs Performance Disclosure - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Pay vs Performance Disclosure | |||
| Net Income (Loss) | $ 621.8 | $ 131.1 | $ 216.8 |
Insider Trading Arrangements |
3 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Trading Arrangements, by Individual | |
| Rule 10b5-1 Arrangement Adopted | false |
| Non-Rule 10b5-1 Arrangement Adopted | false |
| Rule 10b5-1 Arrangement Terminated | false |
| Non-Rule 10b5-1 Arrangement Terminated | false |
Cybersecurity Risk Management, Strategy and Governance |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Cybersecurity Risk Management, Strategy, and Governance [Abstract] | |
| Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block] | Item 1C. Cybersecurity We recognize the critical importance of maintaining the safety and security of our systems and data and take a holistic approach to overseeing and managing cybersecurity, which is supported by both management and our Board of Directors. The Company’s Board, the Audit Committee of the Board and management devote significant resources to cybersecurity and risk management processes to adapt to the changing cybersecurity landscape and respond to emerging threats in a timely and effective manner. Our approach to cybersecurity risk management is multi-layered and includes governance and risk, monitoring and incidence response, data security, application security, endpoint security, network security and perimeter security. The Company’s Board of Directors has delegated the primary responsibility to oversee cybersecurity matters to the Audit Committee of the Board. The Audit Committee receives quarterly reports from our Chief Information Security Officer (“CISO”) regarding cybersecurity matters. The CISO also briefs the full Board of Directors on cybersecurity regularly. The Company maintains an extensive and structured enterprise risk management (“ERM”) program encompassing senior executive leaders from all facets of its business, including operations, human resources, finance, accounting, treasury, information security, information technology, legal/regulatory, internal audit, compliance, underwriting, and real estate. As part of our ERM program, the Company maintains an Information Technology and Security Oversight Committee (“ITSO Committee”) that oversees the Company’s cybersecurity program from a management perspective. The ITSO Committee meets quarterly and includes the Company’s Chief Executive Officer, Chief Financial Officer and Chief Legal Officer, whose relevant expertise and experience can be found in the Company’s Proxy Statement on Schedule 14A filed on April 16, 2025. The ITSO Committee also includes the President of First American Title Insurance Company, the President of our data and analytics business and the President of our international division, who bring deep operational experience specific to our businesses; the Chief Intellectual Property and Privacy Officer, who is responsible for protecting and advising on innovation, data privacy and intellectual property; and is chaired by the Company’s Chief Risk Officer, who has over 25 years of experience in risk management. The Company’s CISO and Chief Technology Officer (“CTO”) are participants on the ITSO Committee. The Company’s CISO is primarily responsible for assessing and managing cybersecurity risks and threats and is responsible for developing and implementing our information security program, working closely with the ITSO Committee. The CISO manages a team of cybersecurity professionals with broad experience and expertise, including in cybersecurity governance, cybersecurity threat assessments and detection, mitigation technologies, cybersecurity training, incident response, cyber forensics, insider threats and regulatory compliance. Our CISO has been with the Company for 15 years in various information security leadership roles and has over 20 years of experience in the cybersecurity field. The CISO provides regular reports to the ITSO Committee that are shared with the Company’s Board of Directors. The Company’s CTO is responsible for overseeing the Company’s overall technology strategy, including integrating security considerations into all aspects of our technology development. Our CTO has over 20 years of experience in technology management roles. As part of our risk management process, the Company maintains an overall risk management program that encompasses cybersecurity, conducts security audits, annual System and Organization Controls (“SOC 2”) testing, and ongoing risk assessments using a company-wide risk framework. We also require employees with access to information systems to undertake data protection and cybersecurity training. The Company has processes in place for assessing, identifying, and managing material risks from potential cybersecurity incidents, including vulnerability identification, intrusion prevention, encryption, endpoint protection, behavior analysis, mitigation and the processes and protocols set forth in the Company’s incident response plans. Certain of our subsidiaries manage their own cybersecurity functions and coordinate with the Company’s CISO. The Company also employs systems and processes designed to oversee and identify cybersecurity threats associated with third-party vendors, including a risk assessment and rigorous evaluation of each vendor that may access, process or store highly sensitive or proprietary data or that is systematically integrated with the Company’s systems or network. In addition to our in-house cybersecurity capabilities, we engage assessors, consultants, auditors, and other third parties to assist with assessing, identifying, mitigating and managing cybersecurity risks, including the maintenance of a Security Operations Center that is co-managed between the Company and a managed security service provider (“MSSP”), which continuously reviews the Company’s network using threat intelligence from a variety of sources and reports potential incidents from users. While the Company has experienced cybersecurity threats to its data and systems, such threats have not materially affected the Company, including our business strategy, results of operations or financial condition, with the exception of an incident in the fourth quarter of 2023, as disclosed in Current Reports on Form 8-K filed by the Company in late 2023 and early 2024. On June 21, 2024, the Company received a complaint, on a class action basis, relating to the incident in the fourth quarter of 2023. For additional information on cybersecurity risks we face, see Item 1A. Risk Factors of this Annual Report, which should be read in conjunction with the foregoing information. |
| Cybersecurity Risk Management Processes Integrated [Flag] | true |
| Cybersecurity Risk Management Processes Integrated [Text Block] | process or store highly sensitive or proprietary data or that is systematically integrated with the Company’s systems or network. |
| Cybersecurity Risk Management Third Party Engaged [Flag] | true |
| Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] | true |
| Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] | false |
| Cybersecurity Risk Board of Directors Oversight [Text Block] | The Company’s Board of Directors has delegated the primary responsibility to oversee cybersecurity matters to the Audit Committee of the Board. The Audit Committee receives quarterly reports from our Chief Information Security Officer (“CISO”) regarding cybersecurity matters. The CISO also briefs the full Board of Directors on cybersecurity regularly. The Company maintains an extensive and structured enterprise risk management (“ERM”) program encompassing senior executive leaders from all facets of its business, including operations, human resources, finance, accounting, treasury, information security, information technology, legal/regulatory, internal audit, compliance, underwriting, and real estate. As part of our ERM program, the Company maintains an Information Technology and Security Oversight Committee (“ITSO Committee”) that oversees the Company’s cybersecurity program from a management perspective. The ITSO Committee meets quarterly and includes the Company’s Chief Executive Officer, Chief Financial Officer and Chief Legal Officer, whose relevant expertise and experience can be found in the Company’s Proxy Statement on Schedule 14A filed on April 16, 2025. The ITSO Committee also includes the President of First American Title Insurance Company, the President of our data and analytics business and the President of our international division, who bring deep operational experience specific to our businesses; the Chief Intellectual Property and Privacy Officer, who is responsible for protecting and advising on innovation, data privacy and intellectual property; and is chaired by the Company’s Chief Risk Officer, who has over 25 years of experience in risk management. The Company’s CISO and Chief Technology Officer (“CTO”) are participants on the ITSO Committee. |
| Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] | The Audit Committee receives quarterly reports from our Chief Information Security Officer (“CISO”) regarding cybersecurity matters. |
| Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] | The Company’s Board of Directors has delegated the primary responsibility to oversee cybersecurity matters to the Audit Committee of the Board. |
| Cybersecurity Risk Role of Management [Text Block] | As part of our risk management process, the Company maintains an overall risk management program that encompasses cybersecurity, conducts security audits, annual System and Organization Controls (“SOC 2”) testing, and ongoing risk assessments using a company-wide risk framework. We also require employees with access to information systems to undertake data protection and cybersecurity training. The Company has processes in place for assessing, identifying, and managing material risks from potential cybersecurity incidents, including vulnerability identification, intrusion prevention, encryption, endpoint protection, behavior analysis, mitigation and the processes and protocols set forth in the Company’s incident response plans. Certain of our subsidiaries manage their own cybersecurity functions and coordinate with the Company’s CISO. The Company also employs systems and processes designed to oversee and identify cybersecurity threats associated with third-party vendors, including a risk assessment and rigorous evaluation of each vendor that may access, process or store highly sensitive or proprietary data or that is systematically integrated with the Company’s systems or network. In addition to our in-house cybersecurity capabilities, we engage assessors, consultants, auditors, and other third parties to assist with assessing, identifying, mitigating and managing cybersecurity risks, including the maintenance of a Security Operations Center that is co-managed between the Company and a managed security service provider (“MSSP”), which continuously reviews the Company’s network using threat intelligence from a variety of sources and reports potential incidents from users. |
| Cybersecurity Risk Management Positions or Committees Responsible [Flag] | true |
| Cybersecurity Risk Management Positions or Committees Responsible [Text Block] | The Company’s CISO is primarily responsible for assessing and managing cybersecurity risks and threats and is responsible for developing and implementing our information security program, working closely with the ITSO Committee. The CISO manages a team of cybersecurity professionals with broad experience and expertise, including in cybersecurity governance, cybersecurity threat assessments and detection, mitigation technologies, cybersecurity training, incident response, cyber forensics, insider threats and regulatory compliance. |
| Cybersecurity Risk Management Expertise of Management Responsible [Text Block] | Our CISO has been with the Company for 15 years in various information security leadership roles and has over 20 years of experience in the cybersecurity field. The CISO provides regular reports to the ITSO Committee that are shared with the Company’s Board of Directors. |
| Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] | The CISO also briefs the full Board of Directors on cybersecurity regularly |
| Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] | true |
Basis of Presentation and Significant Accounting Policies |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| Basis of Presentation and Significant Accounting Policies | NOTE 1. Basis of Presentation and Significant Accounting Policies: First American Financial Corporation (the “Company”), through its subsidiaries, is engaged in the business of providing financial services. The Company consists of the following reportable segments: • The title insurance and services segment issues title insurance policies on residential and commercial property in the United States and offers similar or related products and services internationally. This segment also provides closing and/or escrow services; accommodates tax-deferred exchanges of real estate; provides products, services and solutions designed to mitigate risk or otherwise facilitate real estate transactions; maintains, manages and provides access to title plant data and records; provides appraisals and other valuation-related products and services; provides lien release, document custodial and default-related products and services; provides document generation services; provides warehouse lending services; subservices mortgage loans; and provides banking, trust and wealth management services. The Company, through its principal title insurance subsidiary and such subsidiary’s affiliates, transacts its title insurance business through a network of direct operations and agents. Through this network, the Company issues policies in the 49 states that permit the issuance of title insurance policies, the District of Columbia and certain United States territories. The Company also offers title insurance, closing services and similar or related products and services, either directly or through third parties in other countries, including Canada, the United Kingdom, various countries in Europe, South Korea, Australia and New Zealand. • The home warranty segment sells products including residential service contracts that cover residential systems, such as heating and air conditioning systems, and certain appliances against failures that occur as the result of normal usage during the coverage period. This business currently operates in 36 states and the District of Columbia. • The corporate segment includes investments in venture-stage companies, certain financing facilities and corporate services that support the Company’s business operations. Principles of Consolidation The consolidated financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) and reflect the consolidated operations of the Company. The consolidated financial statements include the accounts of First American Financial Corporation and all controlled subsidiaries. All significant intercompany transactions and balances have been eliminated. Equity investments in which the Company exercises significant influence, but does not control and is not the primary beneficiary, are accounted for using the equity method of accounting. Equity investments in which the Company does not exercise significant influence over the investee and without readily determinable fair values, or non-marketable equity securities, are accounted for at cost, less impairment, and are adjusted up or down for any observable price changes. The Company has certain investments in nonconsolidated variable interest entities that are primarily limited partnerships, which are accounted for using the equity method of accounting. As of December 31, 2025 and 2024, the carrying values of these investments were $66.4 million and $65.7 million, respectively, and are included in equity securities on the Company’s consolidated balance sheets. At December 31, 2025, the Company’s maximum exposure to loss related to these investments, including any future funding commitments, was $81.8 million. Revisions and out-of-period adjustments During 2024, the Company identified certain uncollectible balances related to fees within its title insurance and services segment, which primarily related to reporting periods in 2023 and prior, that should have been previously written off. To correct for this error, the Company recorded an adjustment in 2024, which increased other operating expenses and increased accounts payable and accrued liabilities by $6.2 million. The Company does not consider this adjustment to be material, individually or in the aggregate, to any previously issued consolidated financial statements. Use of estimates The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the statements. Actual results could differ from the estimates and assumptions used. Cash equivalents The Company considers cash equivalents to include all unrestricted short-term investments that have an initial maturity of 90 days or less. Accounts and accrued income receivable Accounts receivable are generally due within thirty days and are recorded net of an allowance for credit losses. The Company considers accounts outstanding longer than the contractual payment terms as past due. The Company determines the allowance by considering a number of factors, including the length of time trade accounts receivable are past due, previous loss history, a specific customer’s ability to pay its obligations to the Company and the current condition, and future expectations, of the general economy and industry as a whole. Amounts are written off in the period in which they are deemed to be uncollectible. The Company’s policy is to present accrued interest receivable on financial assets within accounts and accrued income receivable on the balance sheet. Accrued interest receivable at December 31, 2025 and 2024 totaled $13.7 million and $14.0 million, respectively. The Company has elected to not measure an allowance for credit losses for accrued interest receivable and maintains a policy that all receivables ninety days past due are written off to credit loss expense. Accounts are placed on non-accrual status, and accrual of interest is discontinued, when management determines that collectibility of contractual amounts is not reasonably assured. Payments of interest for accounts in non-accrual status are applied under the cost recovery method. Deposits with banks Deposits with banks are short-term investments with initial maturities of generally more than 90 days and included restricted cash and cash equivalents of $9.9 million and $20.7 million at December 31, 2025 and 2024, respectively. Debt securities Debt securities are carried at fair value and consist primarily of investments in obligations of the United States Treasury, foreign governments, various U.S. and foreign corporations, certain state and political subdivisions and mortgage-backed securities. The Company classifies its debt securities as available-for-sale with unrealized gains or losses recorded as a component of accumulated other comprehensive income/loss. Realized gains and losses on sales of debt securities are determined on a first-in, first-out basis. Interest income, as well as the related amortization of premium and accretion of discount, on debt securities are recognized under the effective yield method and are included in the accompanying consolidated statements of income in net investment income. Interest income for agency mortgage-backed securities is determined considering estimated pay-downs, including prepayments, obtained from third-party data sources. Effective yields are recalculated monthly on a retrospective basis based on actual payments received and updated prepayment expectations, and the amortized cost is adjusted to the amount that would have existed had the new effective yield been applied since acquisition with a corresponding charge or credit to net investment income. When the fair value of an available-for-sale debt security falls below its amortized cost, entities must determine whether the decline in fair value is due to credit-related factors or noncredit-related factors. Declines in fair value that are credit-related are recorded on the balance sheet through an allowance for credit losses with a corresponding adjustment to earnings and declines that are noncredit-related are recognized through other comprehensive income/loss. If the Company intends to sell a debt security in an unrealized loss position or determines that it is more likely than not that the Company will be required to sell a debt security before it recovers its amortized cost basis, the debt security is impaired and it is written down to fair value with all losses recognized in earnings. As of December 31, 2025, the Company did not intend to sell any debt securities in an unrealized loss position and it is not more likely than not that the Company will be required to sell any debt securities before recovery of their amortized cost basis. For debt securities in an unrealized loss position for which the Company does not intend to sell the debt security and it is not more likely than not that the Company will be required to sell the debt security, the Company determines whether the loss is due to credit-related factors or noncredit-related factors. For debt securities in an unrealized loss position for which the losses are primarily due to credit-related factors, the Company’s policy is to recognize the entire loss in earnings. In determining credit losses on its debt securities in an unrealized loss position, the Company considers certain factors that may include, among others, severity of the unrealized loss, security type, industry sector, credit rating, yield to maturity, profitability and stock performance. For debt securities in an unrealized loss position for which the losses are determined to be the result of both credit-related and noncredit-related factors, the credit loss is determined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis of the debt security. The cash flows expected to be collected are discounted using the effective interest rate (i.e., purchase yield) and for variable rate securities the interest rate is fixed at the rate in effect at the credit loss measurement date. Expected future cash flows for debt securities are based on qualitative and quantitative factors specific to each security, including the probability of default and the estimated timing and amount of recovery. The detailed inputs used to project expected future cash flows may be different depending on the nature of the individual debt security. In the normal course of operations, the Company may seek to optimize its investment portfolio and prospective investment returns by selling certain debt securities in an unrealized loss (or gain) position for which such unrealized loss or gain has been deferred in other comprehensive income. Sales of such debt securities could result in the realization of material gains or losses recorded in net income in the period the debt securities are sold. The Company’s policy is to present accrued interest receivable on debt securities within accounts and accrued income receivable on the balance sheet. Accrued interest receivable on at December 31, 2025 and 2024 totaled $46.5 million and $38.8 million, respectively. The Company has elected to not measure an allowance for accrued interest receivable on debt securities and maintains a policy that all receivables ninety days past due are written off to credit loss expense. Debt securities are placed on non-accrual status, and accrual of interest is discontinued, when management determines that collectibility of contractual amounts is not reasonably assured. Interest income is recognized on a cash basis for interest payments received on debt securities in non-accrual status. The Company maintains investments in debt securities in accordance with certain statutory requirements for the funding of statutory premium reserves and state deposits. At December 31, 2025 and 2024, the fair values of such investments totaled $109.7 million and $92.4 million, respectively. See Note 2 Statutory Restrictions on Investments and Stockholders’ Equity for additional discussion of the Company’s statutory restrictions. Equity securities Marketable equity securities are carried at fair value and consist primarily of investments in exchange traded funds, mutual funds and preferred stocks of corporate entities. Changes in the fair values of the Company’s equity securities are recognized in net investment gains/losses on the consolidated statements of income. Equity investments in which the Company exercises significant influence but does not control, and is not the primary beneficiary, are accounted for under the equity method of accounting. These investments are initially measured at cost and are generally adjusted by the Company’s share of equity in the income or losses of the investee. The carrying values of these investments are written down, or impaired, to fair value when a decline in value is considered to be other-than-temporary. In making the determination as to whether an individual investment is impaired, the Company assesses the current and expected financial condition of each relevant entity, including, but not limited to, the results of valuation work performed with respect to the entity, the entity’s anticipated ability to generate sufficient cash flows and the market conditions in the industry in which the entity is operating.
The Company has elected to measure its non-marketable equity securities in which it does not exercise significant influence over the investee and without readily determinable fair values at cost, less impairment, adjusted up or down for any observable price changes from orderly transactions for the identical or a similar investment of the same issuer. The carrying values of these investments are written down, or impaired, to fair value when a qualitative assessment indicates that the fair value is less than the carrying value. In making the determination as to whether an individual investment is impaired, the Company assesses such qualitative factors as the current and expected financial condition of each relevant entity, the market conditions in the industry in which the entity operates and the entity’s anticipated ability to generate sufficient cash flows. Notes Receivable Notes receivable are carried at cost, less allowance for credit losses. An allowance for credit losses is established on an individual note based on the Company’s estimate of the net amount expected to be collected. The allowance for credit losses is based upon the Company’s assessment of the borrower’s overall financial condition, resources and payment record; and, if appropriate, the realizable value of any collateral. These estimates consider all available evidence including the expected future cash flows, estimated fair value of collateral on secured notes, general economic conditions and trends, and other relevant factors, as appropriate. Notes are placed on non-accrual status when management determines that the collectibility of contractual amounts is not reasonably assured. Notes receivable at December 31, 2025 and 2024 totaled $35.7 million and $34.4 million, respectively. Notes receivable are included in other assets on the consolidated balance sheets. Secured financings receivable and payable Secured financings receivable, which are generated through the Company’s warehouse lending operations, are collateralized by mortgage loans on residential real estate. Collections of amounts due from mortgage loan originators occur upon sale of the underlying mortgage loans to investors in the secondary market, generally within 30 days and more typically in less than 10 days. No allowance for credit losses has been recorded on these receivables due to, among other factors, the Company typically identifying investors in the underlying mortgage loans prior to making advances, the short-term nature of these receivables and the lack of significant historical credit losses experienced by the Company. Interest income is recorded on an accrual basis during the period the principal balance remains outstanding and is included in net investment income on the consolidated statements of income. Secured financings payable reflect borrowings under secured warehouse lending facilities with several banking institutions. Repayment of the warehouse borrowing occurs upon sale of the mortgage loan to investors as noted above. Interest expense is recorded during the period the borrowing remains outstanding and is included in interest expense on the consolidated statements of income. Property and equipment Buildings and furniture and equipment are initially recorded at cost and are generally depreciated using the straight-line method over estimated useful lives ranging from 10 to 40 years and from 1 to 15 years, respectively. Leasehold improvements are Computer software developed for internal use and for use with the Company’s products is amortized over estimated useful lives ranging from 1 to 15 years using the straight-line method. Software development and implementation costs, which include certain payroll-related costs of employees directly associated with developing or implementing software and payments to third parties directly associated with developing or implementing software are capitalized during the application development or implementation stage until the software is ready for its intended use. Management evaluates the carrying value of property and equipment to be held and used when events and circumstances warrant such a review. The carrying value is considered impaired when either the anticipated undiscounted future cash flow from the asset is separately identifiable and is less than the carrying value, or when management identifies a specific asset to be abandoned. In the event that anticipated undiscounted future cash flows from an asset are determined to be less than its carrying value, a loss is recognized based on the amount by which the carrying value exceeds the fair value of the asset. Fair value is determined primarily through estimated future cash flows associated with the asset under review, discounted at a rate commensurate with the risk involved, or other valuation techniques. Losses on property and equipment to be abandoned are determined at the time of abandonment and are recognized at an amount equal to the carrying value. Impairment losses on property and equipment for the years ended December 31, 2025 and 2024 primarily included $49.3 million and $39.5 million, respectively, in impairment losses to capitalized internal-use software. The impairment losses were due to either abandonment or the carrying amount no longer deemed recoverable and exceeding its fair value as a result of either being replaced with new technologies or determined to be of diminished value from a change in management strategy. These impairment losses, which were included in the title insurance and services segment, are included in net investment losses on the consolidated statements of income. Impairment losses for the year ended December 31, 2023 were not material. Leases The Company is, generally, a lessee in leases of commercial real estate, including office buildings and office space, and also certain equipment. 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. In connection with its lease commitments, the Company recognizes a lease liability equal to the present value of future lease payments discounted using its incremental borrowing rate and recognizes a lease asset equal to the lease liability, adjusted for any prepaid or accrued lease payments, lease incentives and initial direct costs. 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 its lease payments. The Company 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) on leases of commercial real estate and instead accounts for both components as a single lease component for purposes of recognizing lease assets and liabilities. 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. The Company excludes any leases with an initial term of 12 months or less from recognition on the balance sheet and for which lease expense is recognized on a straight-line basis over the lease term. Management recognizes an impairment loss when the carrying amount of a lease asset is not recoverable and exceeds its fair value. The carrying amount is considered not recoverable if it exceeds the sum of the undiscounted future cash flows that are directly associated with, and that are expected to arise as a result of, the use and eventual disposition of the lease asset. An impairment loss is measured as the amount by which the carrying amount of a lease asset exceeds its fair value. Impairment losses related to the Company’s commercial real estate may occur if the Company ceased use of all, or a portion, of a leased property while a contractual obligation remains. For further information on the Company’s leasing arrangements see Note 7 Leases. Title plants and other indexes Title plants are carried at cost, with the costs of daily maintenance (updating) charged to expense as incurred. Because properly maintained title plants have indefinite lives and do not diminish in value with the passage of time, no provision has been made for depreciation or amortization. The Company analyzes its title plants at least annually for impairment. This analysis includes, but is not limited to, the effects of obsolescence, duplication, demand and other economic factors. Capitalized real estate data is initially recorded at cost and is amortized using the straight-line method over a 15 year estimated useful life. Business Combinations Amounts paid for acquisitions are allocated to the tangible and intangible assets acquired and liabilities assumed and are based on their estimated fair values at the date of acquisition. The excess of the fair value of purchase consideration over the fair values of the identifiable assets and liabilities is recorded as goodwill. Acquisition-related costs are expensed in the periods in which the costs are incurred. The results of operations of acquired businesses are included in the consolidated financial statements from the date of acquisition. Goodwill Impairment The Company is required to perform an annual goodwill impairment assessment for each reporting unit for which goodwill has been allocated. The reporting units that have been allocated goodwill include title insurance and home warranty. The Company’s trust and other services and corporate reporting units have no allocated goodwill and are, therefore, not assessed for impairment. The Company has elected to perform this annual assessment in the fourth quarter of each fiscal year or sooner if circumstances indicate possible impairment. Based on accounting guidance, the Company has the option to perform a qualitative assessment to determine if the fair value is more likely than not (i.e., a likelihood of greater than 50%) less than the carrying amount as a basis for determining whether it is necessary to perform a quantitative impairment test, or may choose to forego a qualitative assessment and perform a quantitative impairment test. The qualitative factors considered in this assessment may include macroeconomic conditions, industry and market considerations, overall financial performance as well as other relevant events and circumstances as determined by the Company. The Company evaluates the weight of each factor to determine whether it is more likely than not that impairment may exist. If the results of a qualitative assessment indicate the more likely than not threshold was not met, the Company may choose not to perform a quantitative impairment test. If, however, the more likely than not threshold is met, the Company will perform a quantitative test as required and discussed below. Management’s quantitative impairment testing compares the fair value of each reporting unit to its carrying amount. The fair value of each reporting unit is determined by using discounted cash flow analysis and, where appropriate, market approach valuations. If the fair value of the reporting unit exceeds its carrying amount, the goodwill is not considered impaired and no additional analysis is required. However, if the carrying amount is greater than the fair value, an impairment charge is recognized 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 quantitative impairment test for goodwill utilizes a variety of valuation techniques, all of which require the Company to make estimates and judgments. Fair value is determined by employing an expected present value technique, which utilizes expected cash flows and an appropriate discount rate. The use of comparative market multiples (the “market approach”) compares the reporting unit to other comparable companies (if such comparables are present in the marketplace) based on valuation multiples to arrive at a fair value. In assessing the fair value, the Company utilizes the results of the valuations (including the market approach to the extent comparables are available) and considers the range of fair values determined under all methods and the extent to which the fair value exceeds the carrying amount of the reporting unit. The valuation of each reporting unit includes the use of assumptions and estimates of many critical factors, including revenue growth rates and operating margins, discount rates and future market conditions, determination of market multiples and the establishment of a control premium, among others. Forecasts of future operations are based, in part, on operating results and the Company’s expectations as to future market conditions. These types of analyses contain uncertainties because they require the Company to make assumptions and to apply judgments to estimate industry economic factors and the profitability of future business strategies. However, if actual results are not consistent with the Company’s estimates and assumptions, the Company may be exposed to future impairment losses that could be material. The Company performed qualitative assessments for both reporting units in 2025 and 2024. In 2023, the Company chose to perform a quantitative impairment test for its title insurance reporting unit and a qualitative assessment for its home warranty reporting unit. The results of the Company’s qualitative assessments in 2025 and 2024 for both reporting units and, in 2023, for the home warranty reporting unit, supported the conclusion that the reporting unit fair values were not more likely than not less than their carrying amounts and, therefore, a quantitative impairment test was not considered necessary. Based on the results of the quantitative test in 2023, the Company determined that the fair value for the title insurance reporting unit exceeded its carrying amount and no additional analysis was required. As a result of the Company’s annual goodwill impairment assessments, the Company did not record any goodwill impairment losses for 2025, 2024 or 2023. Other intangible assets The Company’s finite-lived intangible assets consist of customer relationships, noncompete agreements, trademarks, internal-use software licenses and patents. These assets are amortized on a straight-line basis over their useful lives ranging from 1 to 20 years and are subject to impairment assessments when there is an indication of a triggering event or abandonment. The Company’s indefinite-lived other intangible assets consist of licenses which are not amortized but rather assessed for impairment by comparing the fair values to carrying amounts at least annually, and when an indicator of potential impairment has occurred. Management uses estimated future cash flows (undiscounted and excluding interest) to measure the recoverability of intangible assets with finite lives, whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable. If the undiscounted cash flow analysis indicates that the carrying amount is not recoverable, an impairment loss is recorded for the excess of the carrying amount over its fair value. Management’s impairment assessment for indefinite-lived other intangible assets include a valuation using a discounted cash flow analysis or through a market approach. If the fair value exceeds its carrying amount, the asset is not considered impaired and no additional analysis is required. However, if the carrying amount is greater than the fair value, an impairment loss is recorded equal to the excess. Reserve for known and incurred but not reported claims The Company provides for title insurance losses through a charge to expense when the related premium revenue is recognized. The amount charged to expense is generally determined by applying a rate (the loss provision rate) to total title insurance premiums and escrow fees. The Company’s management estimates the loss provision rate at the beginning of each year and reassesses the rate quarterly to ensure that the resulting incurred but not reported (“IBNR”) loss reserve and known claims reserve included in the Company’s consolidated balance sheets together reflect management’s best estimate of the total costs required to settle all IBNR and known claims. If the ending IBNR reserve is not considered adequate, an adjustment is recorded. The process of assessing the loss provision rate and the resulting IBNR reserve involves an evaluation of the results of an in-house actuarial review. The Company’s in-house actuary performs a reserve analysis utilizing generally accepted actuarial methods that incorporate cumulative historical claims experience and information provided by in-house claims and operations personnel. Current economic and business trends are also contemplated as part of the reserve analysis. These include conditions in the real estate and mortgage markets, changes in residential and commercial real estate values, and changes in the levels of defaults and foreclosures that may affect claims levels and patterns of emergence, as well as any company-specific factors that may be relevant to past and future claims experience. Results from the analysis include, but are not limited to, a range of IBNR reserve estimates and a single point estimate for IBNR as of the balance sheet date. For recent policy years at early stages of development (generally the last four to five years), IBNR is generally estimated using a combination of expected loss rate and multiplicative loss development factor calculations. For more mature policy years, IBNR generally is estimated using multiplicative loss development factor calculations. The expected loss rate method estimates IBNR by applying an expected loss rate to total title insurance premiums and escrow fees and by adjusting for policy year maturity using estimated loss development patterns. Multiplicative loss development factor calculations estimate IBNR by applying factors derived from loss development patterns to losses realized to date. The expected loss rate and loss development patterns are based on historical experience and the relationship of the history to the applicable policy years. The Company’s management uses the IBNR point estimate from the in-house actuary’s analysis and other relevant information concerning claims, including a range of IBNR reserve estimates, to determine what it considers to be the best estimate of the total amount required for the IBNR reserve. The volume and timing of title insurance claims are subject to cyclical influences from both the real estate and mortgage markets. Title policies issued to lenders constitute a large portion of the Company’s title insurance volume. These policies insure lenders against losses on mortgage loans due to title defects in the collateral property. Even if an underlying title defect exists that could result in a claim, often the lender must realize an actual loss, or at least be likely to realize an actual loss, for a title insurance liability to exist. As a result, title insurance claims exposure is sensitive to lenders’ losses on mortgage loans and is affected in turn by external factors that affect mortgage loan losses, particularly macroeconomic factors. A general decline in real estate prices can expose lenders to greater risk of losses on mortgage loans, as loan-to-value ratios increase and defaults and foreclosures increase. Title insurance claims exposure for a given policy year is also affected by the quality of mortgage loan underwriting during the corresponding origination year. The Company believes that the sensitivity of claims to external conditions in the real estate and mortgage markets is an inherent feature of title insurance’s business economics that applies broadly to the title insurance industry. Title insurance policies are long-duration contracts with the majority of the claims reported to the Company within the first few years following the issuance of the policy. Generally, 65% to 75% of claim amounts become known in the first six years of the policy life, and the majority of IBNR reserves relate to the six most recent policy years. Changes in expected ultimate losses and corresponding loss rates for recent policy years are considered likely and could result in a material adjustment to the IBNR reserves. A material change in expected ultimate losses and corresponding loss rates for older policy years is also possible, particularly for policy years with loss rates exceeding historical norms. The estimates made by management in determining the appropriate level of IBNR reserves could ultimately prove to be materially different from actual claims experience. The Company provides for claims losses relating to its home warranty business based on the average cost per claim and historical loss experience as applied to the total of current claims incurred. The average cost per home warranty claim is calculated using the average of the most recent 12 months of claims experience adjusted for estimated future increases in costs. Contingent litigation and regulatory liabilities Amounts related to contingent litigation and regulatory liabilities are accrued if it is probable that a liability has been incurred and an amount is reasonably estimable. The Company records legal fees in other operating expenses in the period incurred. Revenues Premiums on title policies issued directly by the Company are recognized on the effective date of the title policy and escrow fees are recorded upon close of the escrow. Revenues from title policies issued by agents are recorded when notice of issuance is received from the agent, which is generally when cash payment is received by the Company. Premiums on home warranty contracts are generally recognized ratably in proportion to expected claims experience over the duration of the policy or contract, which is typically 12 months. Information and other revenues are recognized when control of the promised goods or services is transferred to the customer and in an amount that reflects the consideration the Company expects to be entitled to in exchange for these goods or services. For those products and services where the Company’s performance obligation is satisfied at a point in time and for which there is no ongoing obligation, revenue is recognized upon delivery. For those products and services where the Company satisfies its performance obligation over time as the product or service is being transferred to the customer, revenue is generally recognized using the output method as the products or services are delivered. The Company applies the optional exemptions allowed under accounting guidance whereby the Company is not required to disclose either the transaction price allocated to performance obligations that are unsatisfied as of the end of the period or an explanation as to when the Company expects to recognize the related revenue. Such contracts generally include performance obligations that are contingent upon the closing of a real estate transaction or include variable consideration based on order volumes and have remaining contract terms of generally less than three years. The Company is allowed to apply the optional exemptions to its remaining performance obligations due to (1) the performance obligation is part of a contract that has an original duration of one year or less, (2) the associated revenue is based on the Company’s right to invoice for the value of the product or service delivered, (3) the associated variable consideration is allocated entirely to wholly unsatisfied performance obligations or (4) immateriality. The Company also applies the practical expedient allowed under accounting guidance whereby it can disregard the impact to the transaction price of the effects of a significant financing component for arrangements where the Company expects the period between delivery of the product or service and customer payment to be one year or less. In addition, the Company applies the practical expedient whereby it recognizes the incremental costs of obtaining a contract as an expense when incurred if the amortization period for the asset that the Company otherwise would have recognized is one year or less. The Company records a contract asset, and recognizes revenue, upon delivery of certain products related to the closing of a real estate transaction where the Company’s right to payment is subject to the closing of the transaction. The Company records a contract liability for payments received in advance of revenue recognition for certain products or services. Contract assets and liabilities were not material at December 31, 2025 and 2024. Revenues recognized during the years ended December 31, 2025, 2024 and 2023 that were included in contract liabilities at the beginning of the respective period were not material. For information about the Company’s revenues disaggregated by reportable segment see Note 22 Segment Financial Information. Premium taxes Title insurance and home warranty companies, like other types of insurers, are generally not subject to state income or franchise taxes. However, in lieu thereof, most states impose a tax based primarily on insurance premiums written. This premium tax is reported as a separate line item in the consolidated statements of income in order to provide a more meaningful disclosure of the taxation of the Company. Income taxes The Company accounts for income taxes under the asset and liability method, whereby deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company evaluates the need to establish a valuation allowance for deferred tax assets based upon the amount of existing temporary differences, the period in which they are expected to be recovered and expected levels of taxable income. A valuation allowance is established when it is considered more likely than not that some or all of the deferred tax assets will not be realized. The Company recognizes the effect of income tax positions only if sustaining those positions is considered more likely than not. Changes in recognition or measurement of uncertain tax positions are reflected in the period in which a change in judgment occurs. The Company recognizes interest and penalties related to uncertain tax positions in income tax expense. Share-based compensation The Company measures the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award. The cost is recognized in the Company’s financial statements over the requisite service period of the award using the straight-line method for awards that contain only a service condition and the graded vesting method for awards that contain a performance or market condition. For awards with retirement eligibility provisions, the cost is recognized through the date the employee becomes eligible to retire and is no longer required to provide service to earn the award. The Company accounts for forfeitures as they occur. The Company utilizes a Monte Carlo valuation model to estimate the fair value of its market-based equity-settled performance awards. The Company’s primary means of providing share-based compensation is through the granting of restricted stock units (“RSUs”). RSUs granted generally have graded vesting features and include a service condition; and, for certain employees and executives, may also include either a performance or market condition. The Company also grants performance restricted stock units (“PRSUs”) to certain employees and executives, which generally contain service and either performance or market conditions. RSUs and PRSUs receive dividend equivalents in the form of RSUs/PRSUs having the same vesting requirements as the initial grant. The Company also offers an employee stock purchase plan that allows eligible employees the option to purchase common stock of the Company at 85% of the lower of the closing price on either the first or last day of each offering period. The offering periods are three-month periods beginning on January 1, April 1, July 1 and October 1 of each fiscal year. The Company recognizes an expense in the amount equal to the value of the 15% discount and look-back feature over the three-month offering period. Earnings per share Basic earnings per share is computed by dividing net income available to the Company’s stockholders by the weighted-average number of common shares outstanding. The computation of diluted earnings per share is similar to the computation of basic earnings per share, except that the weighted-average number of common shares outstanding is increased to include the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Potential dilutive common shares include RSUs and PRSUs. Employee benefit plans The Company recognizes the underfunded status of its unfunded supplemental benefit plans as a liability on its consolidated balance sheets. Actuarial gains and losses that have not been previously recognized as a component of net periodic benefit cost are recorded as a component of accumulated other comprehensive income/loss. Plan obligations are measured annually as of December 31. The Company informally funds its nonqualified deferred compensation plan through tax-advantaged investments known as variable universal life insurance. The Company’s deferred compensation plan assets are included as a component of other assets and the Company’s deferred compensation plan liability is included as a component of pension costs and other retirement plans on the consolidated balance sheets. The income or loss earned on the Company’s plan assets is included as a component of net investment income and the income or loss earned by the plan participants is included as a component of personnel costs on the consolidated statements of income. Foreign currency The Company operates in other countries, including Canada, the United Kingdom, South Korea, Australia and New Zealand. The functional currencies of the Company’s foreign subsidiaries are generally their respective local currencies. The financial statements of foreign subsidiaries with local currencies that were determined to be the functional currency are translated into U.S. dollars as follows: assets and liabilities at the exchange rate as of the balance sheet date, equity at the historical rates of exchange, and income and expense amounts at average rates prevailing during the period. Translation adjustments resulting from the translation of the subsidiaries’ accounts are included in accumulated other comprehensive income/loss as a separate component of stockholders’ equity. For those foreign subsidiaries where the U.S. dollar has been determined to be the functional currency, non-monetary assets and liabilities are translated using historical rates, while monetary assets and liabilities are translated at current rates, with remeasurement gains and losses included in other operating expenses. Gains and losses resulting from foreign currency transactions are included within other operating expenses. Reinsurance The Company’s title insurance business assumes and cedes large title insurance risks through reinsurance. Additionally, the Company has limited reinsurance arrangements related to certain products offered through its international operations. In reinsurance arrangements, the primary insurer retains a certain amount of risk under a policy and cedes the remainder of the risk under the policy to the reinsurer. The primary insurer pays the reinsurer a premium in exchange for accepting this risk of loss. The primary insurer generally remains liable to its insured for the total risk but is reinsured under the terms of the reinsurance agreement. The amount of premiums assumed and ceded is recorded as a component of direct premiums and escrow fees on the Company’s consolidated statements of income. The total amount of premiums assumed and ceded in connection with reinsurance and payments and recoveries on reinsured losses were not material during the years ended December 31, 2025, 2024 and 2023. Escrow deposits and trust assets The Company administers escrow deposits as a service to customers in its direct title operations. Escrow deposits totaled $9.3 billion and $8.9 billion at December 31, 2025 and 2024, respectively, of which $3.7 billion and $4.0 billion, respectively, were held at First American Trust, FSB (“FA Trust”). The remaining deposits were held at third-party financial institutions. Escrow deposits held at third-party financial institutions are not considered assets of the Company and, therefore, are not included in the accompanying consolidated balance sheets. All such amounts are placed in deposit accounts insured, up to applicable limits, by the Federal Deposit Insurance Corporation. The Company could be held contingently liable for the disposition of these assets. Trust assets administered by FA Trust totaled $5.6 billion and $4.8 billion at December 31, 2025 and 2024, respectively, of which $173.9 million and $169.4 million, respectively, were held at FA Trust. The remaining trust assets were held at third-party financial institutions. Trust assets administered by FA Trust and held at third-party institutions are fiduciary client assets. As such, these trust assets are not considered assets of the Company and, therefore, are not included in the accompanying consolidated balance sheets. The Company could be held contingently liable if FA Trust were to breach any of its fiduciary duties. 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 either income or as a reduction in expense, as appropriate, in the consolidated statements of income based on the nature of the arrangement and benefit received. Like-kind exchanges The Company facilitates tax-deferred property exchanges for customers pursuant to Section 1031 of the Internal Revenue Code and tax-deferred reverse exchanges pursuant to Revenue Procedure 2000-37. As a facilitator and intermediary, the Company holds the proceeds from sales transactions and takes temporary title to property identified by the customer to be acquired with such proceeds. Upon the completion of each such exchange, the identified property is transferred to the customer or, if the exchange does not take place, an amount equal to the sales proceeds or, in the case of a reverse exchange, title to the property held by the Company is transferred to the customer. Like-kind exchange funds administered by the Company totaled $2.7 billion and $2.3 billion at December 31, 2025 and 2024, respectively. In 2025, FA Trust began administering like-kind exchange funds and, at December 31, 2025, held $93.6 million of such deposits. The like-kind exchange deposits held at third-party financial institutions are not included in the accompanying consolidated balance sheets as the proceeds and property are not considered assets of the Company due to the structure utilized to facilitate these transactions. 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.
Subservicing deposits In conducting its residential mortgage loan subservicing operations, the Company administers cash deposits on behalf of its clients. Cash deposits totaled $1.6 billion and $901.0 million at December 31, 2025 and 2024, respectively, of which $1.0 billion and $606.5 million, respectively, were held at FA Trust. The remaining deposits were held at third-party financial institutions. Cash deposits held at third-party financial institutions are not considered assets of the Company and, therefore, are not included in the accompanying consolidated balance sheets. All such amounts are placed in deposit accounts insured, up to applicable limits, by the Federal Deposit Insurance Corporation. The Company could be held contingently liable for the disposition of these assets. In connection with certain accounts, the Company has ongoing programs for realizing economic benefits with various financial institutions whereby it earns economic benefits either as income or as a reduction in expense. In 2025, the Company agreed to provide a secured interest in certain debt securities with a fair value of $54.9 million as collateral to be maintained on deposit in connection with a new mortgage loan subservicing agreement. Deposit balances held at FA Trust are temporarily invested in cash and cash equivalents and debt securities, with offsetting liabilities included in deposits in the accompanying consolidated balance sheets. The Company regularly reviews the financial strength of third-party financial institutions where deposits are held and, based on this review and the fact that all amounts are placed in deposit accounts insured, up to applicable limits, by the Federal Deposit Insurance Corporation, does not expect any credit losses; therefore the Company has not recorded a liability for credit losses. Recently Adopted Accounting Pronouncements In December 2023, the Financial Accounting Standards Board (“FASB”) issued updated guidance intended to enhance the transparency and decision usefulness of income tax disclosures. The updated guidance requires disclosure of specific categories and greater disaggregation of information included in the rate reconciliation and additional disclosures related to income taxes paid. Except for the disclosure requirements, the adoption of this guidance, effective January 1, 2025, had no impact on the Company's consolidated financial statements. In August 2023, the FASB issued updated guidance intended to provide decision-useful information to investors and reduce diversity in practice in accounting for contributions made to a joint venture, upon formation, in a joint venture’s separate financial statements. The updated guidance requires joint ventures to recognize and initially measure their assets and liabilities at fair value with certain exceptions to fair value measurement consistent with business combination guidance. The updated guidance, which was adopted on January 1, 2025, had no impact on the Company's consolidated financial statements.
Pending Accounting Pronouncements In September 2025, the FASB issued updated guidance intended to modernize the accounting for internal-use software costs. The updated guidance better aligns the accounting with how software is currently developed by making the guidance more relevant for agile and iterative development methods. Under the updated guidance, an entity is required to begin capitalizing software costs when management has authorized and committed to funding a software project and it is probable that the project will be completed and the software will be used to perform the function intended. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2027, with early adoption permitted, and can be applied prospectively, retrospectively, or through a modified prospective method in the Company's financial statements. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements. In November 2024, the FASB issued updated guidance intended to improve financial reporting by requiring entities to disclose additional information in the notes to the financial statements about specific expense categories within the income statement. The updated guidance is effective for annual reporting periods beginning after December 15, 2026 and interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. The updated disclosures can be applied either prospectively or retrospectively in the Company's financial statements. Except for the disclosure requirements, the Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements. |
Statutory Restrictions on Investments and Stockholders' Equity |
12 Months Ended |
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Dec. 31, 2025 | |
| Insurance [Abstract] | |
| Statutory Restrictions On Investments And Stockholders' Equity | NOTE 2. Statutory Restrictions on Investments and Stockholders’ Equity: Investments totaling $134.3 million and $127.2 million were on deposit with state treasurers in accordance with statutory requirements for the protection of policyholders at December 31, 2025 and 2024, respectively. Pursuant to insurance and other regulations under which the Company’s insurance subsidiaries operate, the amount of dividends, loans and advances available to the Company is limited, principally for the protection of policyholders. As of December 31, 2025, under such regulations, the maximum amount available to the Company from its insurance subsidiaries in 2026, without prior approval from applicable regulators, was dividends of $382.0 million and loans and advances of $113.6 million. The Company’s principal title insurance subsidiary, First American Title Insurance Company (“FATICO”), maintained total statutory capital and surplus of $1.5 billion and $1.6 billion as of December 31, 2025 and 2024, respectively. Statutory net income for the years ended December 31, 2025, 2024 and 2023 was $349.4 million, $182.8 million and $198.3 million, respectively. FATICO was in compliance with the minimum statutory capital and surplus requirements as of December 31, 2025. FATICO is domiciled in Nebraska and its statutory-based financial statements are prepared in accordance with accounting practices prescribed or permitted by the Nebraska Department of Insurance. The National Association of Insurance Commissioners’ (“NAIC”) Accounting Practices and Procedures Manual (“NAIC SAP”) has been adopted as a component of prescribed or permitted practices by the state of Nebraska. The state of Nebraska has adopted certain prescribed accounting practices that differ from those found in the NAIC SAP. Specifically, the timing of amounts released from the statutory premium reserve under Nebraska’s required practice differs from NAIC SAP resulting in total statutory capital and surplus that was lower than if reported in accordance with NAIC SAP by $364.2 million and $354.6 million at December 31, 2025 and 2024, respectively. Statutory accounting principles differ in some respects from GAAP, and these differences include, but are not limited to, non-admission of certain assets (principally, bonds pledged as collateral other than those pledged to the state insurance departments for the benefit of policyholders, limitations on deferred tax assets, goodwill, furniture and equipment, investment in subsidiaries and affiliates, real estate, capitalized software, and premiums and other receivables 90 days past due), reporting of bonds at amortized cost, recognition of credit losses, the lack of recognition of operating lease assets and liabilities on the balance sheet for lease commitments in which the Company is a lessee, changes in the fair values of marketable equity securities, amortization of goodwill, deferral of premiums received as statutory premium reserve, supplemental reserve (if applicable) and exclusion of the incurred but not reported claims reserve. |
Debt Securities |
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt Securities, Available-for-Sale [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt Securities | NOTE 3. Debt Securities: Investments in debt securities, classified as available-for-sale, are as follows:
Sales of debt securities resulted in realized gains of $9.1 million, $22.2 million and $7.2 million, realized losses of $20.5 million, $357.3 million and $88.1 million, and proceeds of $1.3 billion, $5.5 billion and $1.7 billion for the years ended December 31, 2025, 2024 and 2023, respectively.
Investments in debt securities in an unrealized loss position, and their respective length of time in such position, are as follows:
Based on the Company’s review of its debt securities in an unrealized loss position it determined that the losses were due to non-credit factors and, therefore, it does not consider these securities to be credit impaired at December 31, 2025.
Investments in debt securities at December 31, 2025, by contractual maturities, are as follows:
Mortgage-backed securities, which include contractual terms to maturity, are not categorized by contractual maturity as borrowers may have the right to call or prepay obligations with, or without, call or prepayment penalties. The composition of the debt securities portfolio at December 31, 2025, by credit rating, is as follows:
Included in debt securities at December 31, 2025, were bank loans totaling $49.0 million, of which $46.5 million were non-investment grade; high yield corporate debt securities totaling $41.7 million, all of which were non-investment grade; and emerging market debt securities totaling $30.7 million, of which $3.1 million were non-investment grade. The composition of the debt securities portfolio in an unrealized loss position at December 31, 2025, by credit rating, is as follows:
Debt securities in an unrealized loss position at December 31, 2025, included bank loans totaling $8.1 million, of which $8.0 million were non-investment grade; high yield corporate debt securities totaling $8.1 million, all of which were non-investment grade; and emerging market debt securities totaling $13.6 million, of which $1.1 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 rating 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. |
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Equity Securities |
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| Investments, Debt and Equity Securities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity Securities | NOTE 4. Equity Securities: Investments in equity securities, by accounting classification, are summarized as follows:
Investments in marketable equity securities are summarized as follows:
Net gains of $51.1 million and $4.3 million resulting from changes in the fair values of marketable equity securities were recognized for the years ended December 31, 2025 and 2024, respectively, which included net unrealized gains of $47.9 million and $0.9 million on securities still held at December 31, 2025 and 2024, respectively. Included in net gains during the years ended December 31, 2025 and 2024 were unrealized losses of $8.4 million and $37.9 million, respectively, related to the Company's investment in Offerpad Solutions Inc., a tech-enabled real estate company. A summary of the changes in the carrying amounts of non-marketable equity securities, which primarily relate to the Company's venture investment portfolio, for the years ended December 31, 2025 and 2024, is as follows:
Cumulative gross unrealized gains and cumulative gross unrealized losses and impairments related to non-marketable equity securities at December 31, 2025 and 2024, are summarized as follows:
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Allowance for Credit Losses – Accounts Receivable |
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Receivables [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Allowance for Credit Losses – Accounts Receivable | NOTE 5. Allowance for Credit Losses – Accounts Receivable: Activity in the allowance for credit losses on accounts receivable is summarized as follows:
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Property and Equipment |
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant and Equipment [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property and Equipment | NOTE 6. Property and Equipment: Property and equipment is summarized as follows:
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Leases |
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| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases | NOTE 7. Leases: Lease assets and liabilities are summarized as follows:
The components of lease expense are summarized as follows:
Future minimum lease payments under operating and finance leases with noncancelable lease terms, as of December 31, 2025, are summarized as follows:
Information related to lease terms and discount rates is summarized as follows:
Cash flow information related to lease liabilities is summarized as follows:
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Goodwill |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Intangible Assets Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | NOTE 8. Goodwill: A summary of the changes in the carrying amounts of goodwill, by reportable segment, for the years ended December 31, 2025 and 2024, is as follows:
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Other Intangible Assets |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Intangible Assets | NOTE 9. Other Intangible Assets: Other intangible assets are summarized as follows:
Amortization expense for finite-lived intangible assets was $37.6 million, $44.4 million and $51.5 million for the years ended December 31, 2025, 2024 and 2023, respectively. Estimated amortization expense for finite-lived intangible assets for the next five years is as follows:
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Deposits |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Banking And Thrifts [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deposits | NOTE 10. Deposits: Deposit accounts are summarized as follows:
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Reserve for Known and Incurred but Not Reported Claims |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Insurance Loss Reserves [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Reserve for Known and Incurred but Not Reported Claims | NOTE 11. 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:
The provisions for title insurance losses, expressed as a percentage of title insurance premiums and escrow fees, were 3.0% for the years ended December 31, 2025 and 2024, and 3.25% for the year ended December 31, 2023. The 3.0% loss provision rate in the current year reflects an ultimate loss rate of 3.75% for the current policy year and a reserve release of 0.75%, or $39.8 million, for prior policy years, all of which are based on title insurance premiums and escrow fees for the year ended December 31, 2025. The 2024 loss provision rate of 3.0% reflected an ultimate loss rate of 3.75% for the 2024 policy year and a reserve release of 0.75%, or $34.6 million, for prior policy years, all of which are based on title insurance premiums and escrow fees for the year ended December 31, 2024. The 2023 loss provision rate of 3.25% reflected an ultimate loss rate of 3.75% for the 2023 policy year and a reserve release of 0.5%, or $21.6 million, for prior policy years, all of which are based on title insurance premiums and escrow fees for the year ended December 31, 2023. A summary of the Company’s loss reserves is as follows:
Short-Duration Insurance Contracts Home Warranty The following reflects information as of December 31, 2025 about incurred and paid claims development as well as cumulative claims frequency by claims event and the total of incurred but not reported claims plus expected development on reported claims included with the net incurred claims amounts. The information below about incurred and paid claims development for the years ended December 31, 2016 to 2024, is presented as supplementary information.
*Amounts unaudited.
*Amounts unaudited. A reconciliation of the net incurred and paid claims development tables to the liability for claims and claim adjustment expense at December 31, 2025, is as follows:
Supplementary information about average historical claims duration for the Company’s home warranty business as of December 31, 2025, is as follows:
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Notes and Contracts Payable |
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes and Contracts Payable | NOTE 12. Notes and Contracts Payable:
The Company maintains a senior unsecured credit agreement with JPMorgan Chase Bank, N.A., in its capacity as administrative agent, and the lenders party thereto that provides for a $900.0 million revolving credit facility. The credit agreement 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 $450.0 million. The obligations of the Company under the credit agreement are neither secured nor guaranteed. Proceeds from borrowings made from time to time under the credit agreement may be used for general corporate purposes. Unless terminated earlier, the credit agreement will terminate on May 17, 2028. At December 31, 2025, the Company had no outstanding borrowings under the facility. 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, (b) the Adjusted Term SOFR Rate plus the applicable spread, or (c) the Adjusted Daily Simple SOFR plus the applicable spread (in each case as defined in the credit agreement). The Company may select interest periods of one, three or six months for Adjusted Term SOFR Rate 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 0.125% and the maximum is 0.75%. The minimum applicable spread for Adjusted Term SOFR Rate and Adjusted Daily Simple SOFR borrowings is 1.125% and the maximum is 1.75%. The Alternate Base Rate is subject to a floor of 1.00% and the Adjusted Term SOFR Rate and the Adjusted Daily Simple SOFR are each subject to a floor of 0.00%. 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 December 31, 2025, the Company was in compliance with the financial covenants under the credit agreement. The aggregate annual maturities for notes and contracts payable for the next five years and thereafter are summarized as follows:
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Net Investment Income |
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Investment Income [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Investment Income | NOTE 13. Net Investment Income: Net investment income includes interest and earnings on the following investments:
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Income Taxes |
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| Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Taxes | NOTE 14. Income Taxes: For the years ended December 31, 2025, 2024 and 2023, domestic and foreign pretax income, before noncontrolling interests, were $684.4 million and $141.8 million, $83.2 million and $82.2 million, and $193.4 million and $81.0 million, respectively. Income taxes are summarized as follows:
The Company’s actual income tax expense differs from the expense computed by applying the federal statutory income tax rate of 21% for the years ended December 31, 2025, 2024 and 2023. A reconciliation of these differences is as follows:
(a) State taxes in California made up the majority (greater than 50 percent) of the tax effect in this category. (b) Provincial taxes in Ontario made up the majority (greater than 50 percent) of the tax effect in this category.
The Company’s effective income tax rates (income tax expense as a percentage of income before income taxes) were 24.3%, 19.8%, and 21.5% for the years ended December 31, 2025, 2024, and 2023, respectively. The effective income tax rates differ from the federal statutory rate as a result of state and foreign income taxes for which the Company is liable, as well as permanent differences between amounts reported for financial statement purposes and amounts reported for income tax purposes, including the recognition of excess tax benefits or tax deficiencies associated with share-based payment transactions through income tax expense. In addition, the effective tax rates reflect tax credits claimed in current and prior years. The effective income tax rates for 2024 and 2023 also reflect the impact on pretax earnings from impairment losses on the Company’s venture investment portfolio and adjustments to the valuation allowance resulting from losses on certain equity investments and, for 2024, realized losses from sales of debt securities in an unrealized loss position in connection with the Company’s portfolio rebalancing project. The primary components of temporary differences that give rise to the Company’s net deferred tax liability are as follows:
At December 31, 2025, the Company had available a $1.4 million foreign tax credit carryover, net of a valuation allowance, and expects to utilize this credit within the carryover period. At December 31, 2025, the Company had available net operating loss carryforwards for income tax purposes totaling $269.4 million, consisting of federal, state and foreign losses of $15.5 million, $244.3 million and $9.6 million, respectively. Of the aggregate net operating losses, $41.0 million has an indefinite expiration and $228.4 million will begin to expire in various years starting in . 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 by the Company in assessing the likelihood of realization of its deferred tax assets include forecasts of future taxable income and available tax planning strategies that could be implemented. The Company’s ability to achieve forecasted taxable income in the applicable taxing jurisdictions could affect the ultimate realization of its deferred tax assets. At December 31, 2025 and 2024, the Company carried valuation allowances of $29.4 million and $27.9 million, respectively. Of these amounts, $24.7 million related to capital losses in both 2025 and 2024, with remaining valuation allowances of $4.7 million and $3.2 million, respectively, related to net operating losses and other deferred tax assets. The increase in the overall valuation allowance during 2025 was primarily due to the Company’s assessment of its ability to realize tax benefits related to other deferred tax assets. Based on future operating results in certain jurisdictions, it is possible that the current valuation allowance positions of those jurisdictions could be adjusted during the next 12 months. Income taxes paid are summarized as follows:
Income taxes paid (net of refunds) exceeded 5 percent of total income tax paid (net of refunds) in the following jurisdictions:
* Jurisdiction below the threshold for the period presented. Effective in 2024, the Company is subject to international anti-base erosion rules that assess a minimum tax rate of 15% in the jurisdictions in which it operates. Commonly known as “Pillar II,” these rules apply to large multinational enterprises and are designed to address the tax challenges arising from the globalization and digitalization of the economy. The Company has calculated the minimum tax on a jurisdiction-by-jurisdiction basis and has determined that the resulting tax is not material to its financial results. The vesting of RSUs represents a tax benefit that has been reflected as a reduction to income taxes payable and income tax expense for the years ended December 31, 2025, 2024 and 2023. The tax benefits recorded were $0.8 million, $0.3 million and $0.7 million for the years ended December 31, 2025, 2024 and 2023, respectively. As of December 31, 2025, 2024 and 2023, the liability for income taxes associated with uncertain tax positions was $34.4 million, $31.6 million and $12.4 million, respectively. The net increases in 2025 and 2024 were primarily attributable to positions taken on the Company’s tax returns for current and prior years. The liabilities could be reduced by $3.7 million as of both December 31, 2025 and 2024, and $0.8 million as of December 31, 2023, 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. A reconciliation of the beginning and ending amounts of unrecognized tax benefits for the years ended December 31, 2025, 2024 and 2023 is as follows:
The Company’s continuing practice is to recognize interest and penalties related to uncertain tax positions in income tax expense. Accrued interest and penalties, net of tax benefits, related to uncertain tax positions as of December 31, 2025, 2024, and 2023, were not material. The Company, or one of its subsidiaries, files income tax returns in the U.S. federal jurisdiction, various state jurisdictions and in various non-U.S. jurisdictions. The primary non-federal jurisdictions are California, Canada, India and the United Kingdom. As of December 31, 2025, the Company is generally no longer subject to income tax examinations for U.S. federal, state and non-U.S. jurisdictions for years prior to 2022, 2019 and 2014, respectively. The Company records a liability for potential tax assessments based on its estimate of the potential exposure. New tax laws and new interpretations of laws and rulings by taxing authorities may affect the liability for potential tax assessments. Due to the subjectivity and complex nature of the underlying issues, actual payments or assessments may differ from estimates. To the extent that the Company’s estimates differ from actual payments or assessments, income tax expense could change. The Company’s income tax returns in several jurisdictions are being examined by various taxing authorities. The Company believes that adequate amounts of tax and related interest from any adjustments that may result from these examinations have been provided for. Public Law 119-21, popularly known as the “One Big Beautiful Bill Act” (“OBBBA”), was signed into law on July 4, 2025. This legislation includes a broad range of tax reform provisions affecting businesses, with certain provisions effective January 1, 2025. The Company anticipates an impact to its deferred tax liability and income tax payable, primarily related to the provisions for 100% bonus depreciation for assets acquired and placed in service after January 19, 2025 and full expensing of domestic research and experimental expenditures for tax years from 2022 to 2025. With respect to full expensing, the Company expects to claim additional current year tax deductions of $412.3 million; the resulting $86.6 million impact reflects a timing-related reclassification between income tax payable and deferred tax balances. While the Company is still evaluating other provisions of the OBBBA, including those effective January 1, 2026, it does not expect them to have a material effect on its ongoing effective tax rate. |
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Earnings Per Share |
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| Earnings Per Share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share | NOTE 15. Earnings Per Share: The computation of basic and diluted earnings per share is as follows:
For the years ended December 31, 2025, 2024, and 2023, 15 thousand, 44 thousand and 8 thousand RSUs, respectively, and 30 thousand, 45 thousand and 13 thousand PRSUs, respectively, were excluded from the weighted-average diluted common shares outstanding due to their antidilutive effect. |
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Employee Benefit Plans |
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| Retirement Benefits [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Employee Benefit Plans | NOTE 16. Employee Benefit Plans: The First American Financial Corporation 401(k) Savings Plan (the “Savings Plan”) allows for employee-elective contributions up to the maximum amount as determined by the Internal Revenue Code. The Company makes discretionary contributions to the Savings Plan based on profitability as well as on the contributions of participants. The Savings Plan held 1.1 million shares and 1.3 million shares of the Company’s common stock, representing 1.1% and 1.2% of the Company’s total common shares outstanding at December 31, 2025 and 2024, respectively. Effective July 1, 2015, additional investments in common stock of the Company are no longer allowed. The Company maintains a deferred compensation plan for certain employees that allows participants to defer up to 100% of their salary, commissions and certain bonuses. Participants can allocate their deferrals among a variety of investment crediting options (known as “deemed investments”). The term deemed investments means that the participant has no ownership interest in the funds they select; the funds are only used to measure the gains or losses that will be attributed to each participant’s deferral account over time. Participants can elect to have their deferral balance paid out while they are still employed or after their employment ends. The deferred compensation plan is exempt from most provisions of the Employee Retirement Income Security Act because it is only available to a select group of management and highly compensated employees and is not a qualified employee benefit plan. To preserve the tax-deferred savings advantages of a nonqualified deferred compensation plan, federal law requires that it be unfunded or informally funded. Participant deferrals, and any earnings on those deferrals, are general unsecured obligations of the Company. The Company informally funds the deferred compensation plan through a tax-advantaged investment known as variable universal life insurance. Deferred compensation plan assets are held as an asset of the Company within a special trust, known as a “Rabbi Trust.” At December 31, 2025 and 2024, the value of the assets held in the Rabbi Trust of $165.0 million and $148.0 million, respectively, and the unfunded liabilities of $179.6 million and $164.2 million, respectively, were included in the consolidated balance sheets in other assets and pension costs and other retirement plans, respectively. The Company also has nonqualified, unfunded supplemental benefit plans covering certain management personnel, which are comprised primarily of the Executive and Management Supplemental Benefit Plans and the smaller Pension Restoration Plan (collectively, the “unfunded supplemental benefit plans”). The Executive and Management Supplemental Benefit Plans, subject to certain limitations, provide participants with maximum annual benefits of 30% and 15%, respectively, of average annual compensation over a fixed five-year period. Effective January 1, 2011, the plans were closed to new participants. Certain of the Company’s subsidiaries have separate savings and employee benefit plans. Expenses related to these plans and the Company’s deferred compensation plans are included below under “other plans, net.” The principal components of employee benefit costs are summarized as follows:
The following table summarizes the benefit obligations and funded status associated with the Company’s unfunded supplemental benefit plans:
Net periodic benefit costs related to the Company’s unfunded supplemental benefit pension plans are summarized as follows:
Net actuarial loss for the unfunded supplemental benefit plans expected to be amortized from accumulated other comprehensive income/loss into net periodic benefit cost during 2026 is $2.0 million. The weighted-average discount rate assumptions used to determine net periodic benefit costs for the Executive and Management Supplemental Benefit Plans for the years ended December 31, 2025, 2024 and 2023, are as follows:
The weighted-average discount rate assumptions used to determine the projected benefit obligations for the Executive and Management Supplemental Benefit Plans at December 31, 2025 and 2024, are as follows:
The discount rate assumptions used reflect the yield available on high-quality, fixed-income debt securities that match the expected timing of the benefit obligation payments. The Company expects to make cash contributions of $15.9 million to its unfunded supplemental benefit plans during 2026. Benefit payments, which reflect expected future service, as appropriate, are expected to be made as follows:
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Fair Value Measurements |
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| Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Measurements | NOTE 17. Fair Value Measurements: Certain of the Company’s assets and liabilities are carried at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company categorizes its assets and liabilities carried at fair value using a three-level hierarchy for fair value measurements that distinguishes between market participant assumptions developed based on market data obtained from sources independent of the Company (observable inputs) and the Company’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The hierarchy for inputs used in determining fair value maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that observable inputs be used when available. The hierarchy level assigned to the assets and liabilities is based on management’s assessment of the transparency and reliability of the inputs used to estimate the fair values at the measurement date. The three hierarchy levels are defined as follows: Level 1—Valuations based on unadjusted quoted market prices in active markets for identical assets or liabilities. Level 2—Valuations based on observable inputs (other than Level 1 prices), such as quoted prices for similar assets or liabilities at the measurement date; quoted prices in markets that are not active; or other inputs that are observable, either directly or indirectly. Level 3—Valuations based on inputs that are unobservable and significant to the overall fair value measurement and involve management judgment. If the inputs used to measure fair value fall into different levels of the fair value hierarchy, the hierarchy level assigned is based upon the lowest level of input that is significant to the fair value measurement. 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. Marketable equity securities The fair values of marketable 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 December 31, 2025 and 2024:
There were no transfers between Levels 1, 2 and 3 during the years ended December 31, 2025 and 2024. Transfers into or out of the Level 3 category occur when unobservable inputs become either 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 market values obtained from independent pricing services for the Company's senior unsecured notes. The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments not measured at fair value as of December 31, 2025 and 2024:
Assets measured at fair value on a non-recurring basis
(1) Excludes $165.2 million of non-marketable equity securities for which no observable price changes or impairment charges occurred during the year. (2) Excludes $179.0 million of non-marketable equity securities for which no observable price changes or impairment charges occurred during the year. (3) Estimated fair values were determined during the year as of the dates that either an observable transaction occurred or an impairment assessment was made.
Non-marketable equity securities that have been remeasured during the year based on observable price changes are classified within Level 2 in the fair value hierarchy because the fair value is determined based only on significant inputs that are observable, such as observable transactions at the transaction date.
The following table presents the valuation techniques and significant unobservable inputs used in measuring the fair value of non-marketable equity securities classified within Level 3 of the fair value hierarchy as of December 31, 2025:
(1) Weighted average is calculated based on the fair values of the non-marketable equity securities. |
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Share-Based Compensation Plans |
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| Share-Based Compensation Plans | NOTE 18. Share-Based Compensation Plans: The First American Financial Corporation 2020 Incentive Compensation Plan (the “Incentive Compensation Plan”), permits the granting of stock options, stock appreciation rights, restricted stock, RSUs, PRSUs, performance shares and other stock-based awards. Eligible participants, which include the Company’s directors and officers, as well as other employees, may elect to defer the distribution of their RSUs to a future date beyond the scheduled vesting date. In March 2025, the Company’s board of directors approved an amendment and restatement of the Incentive Compensation Plan, effective May 13, 2025, which increased the number of shares of company common stock available for grant by 2.0 million shares and extended the term until May 13, 2035. At December 31, 2025, 2.9 million shares of common stock remain available to be issued by the Company, subject to certain annual limits based on the type of award granted. The Company settles its equity awards with authorized but unissued shares of its common stock. The First American Financial Corporation 2010 Employee Stock Purchase Plan (the “ESPP”), as amended and restated, allows eligible employees the option to purchase common stock of the Company at 85% of the lower of the closing price on either the first or last day of each quarterly offering period. There were 0.5 million shares issued in connection with this plan for the years ended December 31, 2025, 2024 and 2023, respectively. The plan terminates on July 1, 2032. At December 31, 2025, there were 7.5 million shares reserved for future issuances. The following table summarizes the costs associated with the Company’s share-based compensation plans:
The following table summarizes RSU and PRSU activity for the year ended December 31, 2025:
As of December 31, 2025, there was $46.5 million of total unrecognized compensation cost related to unvested RSUs and PRSUs that is expected to be recognized over a weighted-average period of 2.4 years. The weighted-average grant-date fair values of RSUs and PRSUs for the years ended December 31, 2025, 2024, and 2023 were $65.18, $58.91 and $63.73, respectively. The total fair values of shares distributed for the years ended December 31, 2025, 2024 and 2023 were $55.3 million, $55.1 million and $62.7 million, respectively. At December 31, 2025, 0.9 million shares were vested but not distributed. |
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Stockholders' Equity |
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Dec. 31, 2025 | |
| Equity [Abstract] | |
| Stockholders' Equity | NOTE 19. Stockholders’ Equity: In July 2025, the Company’s board of directors approved a new share repurchase plan which authorizes the repurchase of up to $300 million of the Company’s common stock and terminated its prior share repurchase plan. Purchases may be made from time to time by the Company in the open market at prevailing market prices or in privately negotiated transactions. During the year ended December 31, 2025, the Company repurchased and retired 2.1 million shares of its common stock for a total purchase price of $122.3 million and, as of December 31, 2025, the Company has repurchased and retired 6.8 million shares of its common stock under the previous authorization for a total purchase price of $377.0 million.
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Accumulated Other Comprehensive Income (Loss) ("AOCI") |
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| Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accumulated Other Comprehensive Income (Loss) ("AOCI") | NOTE 20. Accumulated Other Comprehensive Income (Loss) (“AOCI”): The following table presents a summary of the changes in each component of AOCI for the years ended December 31, 2025, 2024 and 2023:
The following table presents the other comprehensive income (loss) reclassification adjustments for the years ended December 31, 2025, 2024 and 2023:
The following table presents the effects of the reclassifications out of AOCI on the respective line items in the consolidated statements of income:
(1) Amounts are components of net periodic cost. See Note 16 Employee Benefit Plans for additional details. |
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Litigation and Regulatory Contingencies |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Commitments and Contingencies Disclosure [Abstract] | |
| Litigation and Regulatory Contingencies | NOTE 21. Litigation and Regulatory Contingencies: The Company and its subsidiaries are parties to lawsuits and are also involved in ongoing routine legal and regulatory proceedings related to their operations. These lawsuits and proceedings frequently are similar in nature to other lawsuits and proceedings pending against the Company’s competitors. When the Company has determined that a loss is both probable and reasonably estimable, a liability representing the best estimate of the Company’s financial exposure based on known facts has been recorded. Actual losses may materially differ from the amounts recorded. With respect to the Company’s outstanding ordinary course lawsuits and proceedings, the Company has determined either that a loss is not reasonably possible or that the estimated loss or range of loss, if any, is not expected to have a material adverse effect on the Company’s financial condition, results of operations or cash flows. The Company’s ordinary course lawsuits include class actions or purported class action lawsuits, which challenge practices in the Company’s home warranty and title insurance and settlement services businesses. Most of the Company’s 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. The Company does not believe that any pending examinations or investigations will have a material adverse effect on the Company’s financial condition, results of operations or cash flows. Some of these exams or investigations could, however, result in changes to the Company’s business practices which could ultimately have a material adverse impact on the Company’s financial condition, results of operations or cash flows. |
Segment Financial Information |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Financial Information | NOTE 22. Segment Financial Information: For the title insurance and services segment and the home warranty segment, the Company's chief operating decision maker, who is its , uses revenue and pretax margin to assess performance, allocate resources and determine compensation for certain employees. For the corporate segment, the performance of investments in venture-stage companies is primarily used to assess performance and allocate resources to the segment. The Accounting policies for the Company's are the same as those described in Note 1. Basis of Presentation and Significant Accounting Policies. Information about reportable segment performance, significant expenses and assets for the years ended December 31, 2025, 2024 and 2023, are as follows:
(1) Intersegment revenue is included within amounts shown. (2) The significant expense categories and amounts align with segment level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within amounts shown. (3) Other operating expenses for each segment primarily include the following: Title insurance and services - title and data search expenses, office and occupancy expenses and software expense. Home warranty - advertising expense, office and occupancy expenses, software expense, delivery and storage expenses. Corporate - employee benefit expense and certain overhead expenses. (4)
Elimination of intersegment asset balances:
(1) Intersegment revenue is included within amounts shown. (2) The significant expense categories and amounts align with segment level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within amounts shown. (3) Other operating expenses for each segment primarily include the following: Title insurance and services - title and data search expenses, office and occupancy expenses and software expense. Home warranty - advertising expense, office and occupancy expenses, software expense, delivery and storage expenses. Corporate - employee benefit expense and certain overhead expenses. (4)
Elimination of intersegment asset balances:
(1) Intersegment revenue is included within amounts shown. (2) The significant expense categories and amounts align with segment level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within amounts shown. (3) Other operating expenses for each segment primarily include the following: Title insurance and services - title and data search expenses, office and occupancy expenses and software expense. Home warranty - advertising expense, office and occupancy expenses, software expense, delivery and storage expenses. Corporate - employee benefit expense and certain overhead expenses. (4)
Elimination of intersegment asset balances:
Information about the Company’s revenues, by segment, for the years ended December 31, 2025, 2024 and 2023, is as follows:
The Company’s title insurance and services segment offers title insurance, closing services and similar or related products and services both domestically and internationally. The operations of the Company’s home warranty and corporate segments are entirely domestic. Domestic and foreign revenues from external customers for the title insurance and services segment are as follows:
Domestic and foreign long-lived assets for the title insurance and services segment are as follows:
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Summary Of Investments-Other Than Investments In Related Parties |
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| SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Investments-Other Than Investments in Related Parties | FIRST AMERICAN FINANCIAL CORPORATION AND SUBSIDIARY COMPANIES SUMMARY OF INVESTMENTS—OTHER THAN INVESTMENTS IN RELATED PARTIES (in millions) December 31, 2025
(1)
Included in equity securities are non-marketable equity securities and equity method investments, at carrying amount. Estimates of fair value for these investments could not be made without incurring excessive costs. |
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Condensed Financial Statements (Parent Company) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Condensed Financial Information Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Condensed Financial Information of Parent Company Only Disclosure | SCHEDULE II 1 OF 5 FIRST AMERICAN FINANCIAL CORPORATION (Parent Company) CONDENSED BALANCE SHEETS (in millions, except par values)
See Notes to Condensed Financial Statements SCHEDULE II 2 OF 5 FIRST AMERICAN FINANCIAL CORPORATION (Parent Company) CONDENSED STATEMENTS OF INCOME (in millions)
See Notes to Condensed Financial Statements SCHEDULE II 3 OF 5 FIRST AMERICAN FINANCIAL CORPORATION (Parent Company) CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (in millions)
See Notes to Condensed Financial Statements SCHEDULE II 4 OF 5 FIRST AMERICAN FINANCIAL CORPORATION (Parent Company) CONDENSED STATEMENTS OF CASH FLOWS (in millions)
See Notes to Condensed Financial Statements SCHEDULE II 5 OF 5 FIRST AMERICAN FINANCIAL CORPORATION (Parent Company) NOTES TO CONDENSED FINANCIAL STATEMENTS
NOTE 1. Description of the Company: First American Financial Corporation is a holding company that conducts all of its operations through its subsidiaries. The Parent Company financial statements should be read in connection with the consolidated financial statements and notes thereto included elsewhere in this Form 10-K.
NOTE 2. Dividends Received: The holding company received cash dividends from subsidiaries of $581.7 million, $148.3 million and $355.6 million for the years ended December 31, 2025, 2024 and 2023, respectively. |
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Supplementary Insurance Information |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Supplementary Insurance Information | FIRST AMERICAN FINANCIAL CORPORATION AND SUBSIDIARY COMPANIES SUPPLEMENTARY INSURANCE INFORMATION (in millions) BALANCE SHEET CAPTIONS
FIRST AMERICAN FINANCIAL CORPORATION AND SUBSIDIARY COMPANIES SUPPLEMENTARY INSURANCE INFORMATION (in millions) INCOME STATEMENT CAPTIONS
(1) Includes net investment income and net investment gains (losses). |
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Reinsurance |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SEC Schedule, 12-17, Insurance Companies, Reinsurance [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Reinsurance | FIRST AMERICAN FINANCIAL CORPORATION AND SUBSIDIARY COMPANIES REINSURANCE (dollars in millions)
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Valuation And Qualifying Accounts |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Valuation and Qualifying Accounts | SCHEDULE V 1 OF 3 FIRST AMERICAN FINANCIAL CORPORATION AND SUBSIDIARY COMPANIES VALUATION AND QUALIFYING ACCOUNTS (in millions) Year Ended December 31, 2025
(1) Amount represents accounts written off, net of recoveries. (2) Amount represents claim payments, net of recoveries. SCHEDULE V 2 OF 3 FIRST AMERICAN FINANCIAL CORPORATION AND SUBSIDIARY COMPANIES VALUATION AND QUALIFYING ACCOUNTS (in millions) Year Ended December 31, 2024
(1) Amount represents accounts written off, net of recoveries. (2) Amount represents claim payments, net of recoveries. SCHEDULE V 3 OF 3 FIRST AMERICAN FINANCIAL CORPORATION AND SUBSIDIARY COMPANIES VALUATION AND QUALIFYING ACCOUNTS (in millions) Year Ended December 31, 2023
(1) Amount represents accounts written off, net of recoveries. (2)
Amount represents claim payments, net of recoveries. |
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Basis of Presentation and Significant Accounting Policies (Policies) |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Accounting Policies [Abstract] | |
| Basis of Presentation | First American Financial Corporation (the “Company”), through its subsidiaries, is engaged in the business of providing financial services. The Company consists of the following reportable segments: • The title insurance and services segment issues title insurance policies on residential and commercial property in the United States and offers similar or related products and services internationally. This segment also provides closing and/or escrow services; accommodates tax-deferred exchanges of real estate; provides products, services and solutions designed to mitigate risk or otherwise facilitate real estate transactions; maintains, manages and provides access to title plant data and records; provides appraisals and other valuation-related products and services; provides lien release, document custodial and default-related products and services; provides document generation services; provides warehouse lending services; subservices mortgage loans; and provides banking, trust and wealth management services. The Company, through its principal title insurance subsidiary and such subsidiary’s affiliates, transacts its title insurance business through a network of direct operations and agents. Through this network, the Company issues policies in the 49 states that permit the issuance of title insurance policies, the District of Columbia and certain United States territories. The Company also offers title insurance, closing services and similar or related products and services, either directly or through third parties in other countries, including Canada, the United Kingdom, various countries in Europe, South Korea, Australia and New Zealand. • The home warranty segment sells products including residential service contracts that cover residential systems, such as heating and air conditioning systems, and certain appliances against failures that occur as the result of normal usage during the coverage period. This business currently operates in 36 states and the District of Columbia. •
The corporate segment includes investments in venture-stage companies, certain financing facilities and corporate services that support the Company’s business operations. |
| Principles of Consolidation | Principles of Consolidation The consolidated financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) and reflect the consolidated operations of the Company. The consolidated financial statements include the accounts of First American Financial Corporation and all controlled subsidiaries. All significant intercompany transactions and balances have been eliminated. Equity investments in which the Company exercises significant influence, but does not control and is not the primary beneficiary, are accounted for using the equity method of accounting. Equity investments in which the Company does not exercise significant influence over the investee and without readily determinable fair values, or non-marketable equity securities, are accounted for at cost, less impairment, and are adjusted up or down for any observable price changes. The Company has certain investments in nonconsolidated variable interest entities that are primarily limited partnerships, which are accounted for using the equity method of accounting. As of December 31, 2025 and 2024, the carrying values of these investments were $66.4 million and $65.7 million, respectively, and are included in equity securities on the Company’s consolidated balance sheets. At December 31, 2025, the Company’s maximum exposure to loss related to these investments, including any future funding commitments, was $81.8 million. |
| Revisions and Out-of-period Adjustments | Revisions and out-of-period adjustments During 2024, the Company identified certain uncollectible balances related to fees within its title insurance and services segment, which primarily related to reporting periods in 2023 and prior, that should have been previously written off. To correct for this error, the Company recorded an adjustment in 2024, which increased other operating expenses and increased accounts payable and accrued liabilities by $6.2 million. The Company does not consider this adjustment to be material, individually or in the aggregate, to any previously issued consolidated financial statements. |
| Use of Estimates | Use of estimates The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the statements. Actual results could differ from the estimates and assumptions used. |
| Cash Equivalents | Cash equivalents The Company considers cash equivalents to include all unrestricted short-term investments that have an initial maturity of 90 days or less. |
| Accounts and Accrued Income Receivable | Accounts and accrued income receivable Accounts receivable are generally due within thirty days and are recorded net of an allowance for credit losses. The Company considers accounts outstanding longer than the contractual payment terms as past due. The Company determines the allowance by considering a number of factors, including the length of time trade accounts receivable are past due, previous loss history, a specific customer’s ability to pay its obligations to the Company and the current condition, and future expectations, of the general economy and industry as a whole. Amounts are written off in the period in which they are deemed to be uncollectible. The Company’s policy is to present accrued interest receivable on financial assets within accounts and accrued income receivable on the balance sheet. Accrued interest receivable at December 31, 2025 and 2024 totaled $13.7 million and $14.0 million, respectively. The Company has elected to not measure an allowance for credit losses for accrued interest receivable and maintains a policy that all receivables ninety days past due are written off to credit loss expense. Accounts are placed on non-accrual status, and accrual of interest is discontinued, when management determines that collectibility of contractual amounts is not reasonably assured. Payments of interest for accounts in non-accrual status are applied under the cost recovery method. |
| Deposits with banks | Deposits with banks Deposits with banks are short-term investments with initial maturities of generally more than 90 days and included restricted cash and cash equivalents of $9.9 million and $20.7 million at December 31, 2025 and 2024, respectively. |
| Debt and Equity Securities | Debt securities Debt securities are carried at fair value and consist primarily of investments in obligations of the United States Treasury, foreign governments, various U.S. and foreign corporations, certain state and political subdivisions and mortgage-backed securities. The Company classifies its debt securities as available-for-sale with unrealized gains or losses recorded as a component of accumulated other comprehensive income/loss. Realized gains and losses on sales of debt securities are determined on a first-in, first-out basis. Interest income, as well as the related amortization of premium and accretion of discount, on debt securities are recognized under the effective yield method and are included in the accompanying consolidated statements of income in net investment income. Interest income for agency mortgage-backed securities is determined considering estimated pay-downs, including prepayments, obtained from third-party data sources. Effective yields are recalculated monthly on a retrospective basis based on actual payments received and updated prepayment expectations, and the amortized cost is adjusted to the amount that would have existed had the new effective yield been applied since acquisition with a corresponding charge or credit to net investment income. When the fair value of an available-for-sale debt security falls below its amortized cost, entities must determine whether the decline in fair value is due to credit-related factors or noncredit-related factors. Declines in fair value that are credit-related are recorded on the balance sheet through an allowance for credit losses with a corresponding adjustment to earnings and declines that are noncredit-related are recognized through other comprehensive income/loss. If the Company intends to sell a debt security in an unrealized loss position or determines that it is more likely than not that the Company will be required to sell a debt security before it recovers its amortized cost basis, the debt security is impaired and it is written down to fair value with all losses recognized in earnings. As of December 31, 2025, the Company did not intend to sell any debt securities in an unrealized loss position and it is not more likely than not that the Company will be required to sell any debt securities before recovery of their amortized cost basis. For debt securities in an unrealized loss position for which the Company does not intend to sell the debt security and it is not more likely than not that the Company will be required to sell the debt security, the Company determines whether the loss is due to credit-related factors or noncredit-related factors. For debt securities in an unrealized loss position for which the losses are primarily due to credit-related factors, the Company’s policy is to recognize the entire loss in earnings. In determining credit losses on its debt securities in an unrealized loss position, the Company considers certain factors that may include, among others, severity of the unrealized loss, security type, industry sector, credit rating, yield to maturity, profitability and stock performance. For debt securities in an unrealized loss position for which the losses are determined to be the result of both credit-related and noncredit-related factors, the credit loss is determined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis of the debt security. The cash flows expected to be collected are discounted using the effective interest rate (i.e., purchase yield) and for variable rate securities the interest rate is fixed at the rate in effect at the credit loss measurement date. Expected future cash flows for debt securities are based on qualitative and quantitative factors specific to each security, including the probability of default and the estimated timing and amount of recovery. The detailed inputs used to project expected future cash flows may be different depending on the nature of the individual debt security. In the normal course of operations, the Company may seek to optimize its investment portfolio and prospective investment returns by selling certain debt securities in an unrealized loss (or gain) position for which such unrealized loss or gain has been deferred in other comprehensive income. Sales of such debt securities could result in the realization of material gains or losses recorded in net income in the period the debt securities are sold. The Company’s policy is to present accrued interest receivable on debt securities within accounts and accrued income receivable on the balance sheet. Accrued interest receivable on at December 31, 2025 and 2024 totaled $46.5 million and $38.8 million, respectively. The Company has elected to not measure an allowance for accrued interest receivable on debt securities and maintains a policy that all receivables ninety days past due are written off to credit loss expense. Debt securities are placed on non-accrual status, and accrual of interest is discontinued, when management determines that collectibility of contractual amounts is not reasonably assured. Interest income is recognized on a cash basis for interest payments received on debt securities in non-accrual status. The Company maintains investments in debt securities in accordance with certain statutory requirements for the funding of statutory premium reserves and state deposits. At December 31, 2025 and 2024, the fair values of such investments totaled $109.7 million and $92.4 million, respectively. See Note 2 Statutory Restrictions on Investments and Stockholders’ Equity for additional discussion of the Company’s statutory restrictions. Equity securities Marketable equity securities are carried at fair value and consist primarily of investments in exchange traded funds, mutual funds and preferred stocks of corporate entities. Changes in the fair values of the Company’s equity securities are recognized in net investment gains/losses on the consolidated statements of income. Equity investments in which the Company exercises significant influence but does not control, and is not the primary beneficiary, are accounted for under the equity method of accounting. These investments are initially measured at cost and are generally adjusted by the Company’s share of equity in the income or losses of the investee. The carrying values of these investments are written down, or impaired, to fair value when a decline in value is considered to be other-than-temporary. In making the determination as to whether an individual investment is impaired, the Company assesses the current and expected financial condition of each relevant entity, including, but not limited to, the results of valuation work performed with respect to the entity, the entity’s anticipated ability to generate sufficient cash flows and the market conditions in the industry in which the entity is operating.
The Company has elected to measure its non-marketable equity securities in which it does not exercise significant influence over the investee and without readily determinable fair values at cost, less impairment, adjusted up or down for any observable price changes from orderly transactions for the identical or a similar investment of the same issuer. The carrying values of these investments are written down, or impaired, to fair value when a qualitative assessment indicates that the fair value is less than the carrying value. In making the determination as to whether an individual investment is impaired, the Company assesses such qualitative factors as the current and expected financial condition of each relevant entity, the market conditions in the industry in which the entity operates and the entity’s anticipated ability to generate sufficient cash flows. |
| Notes Receivable | Notes Receivable Notes receivable are carried at cost, less allowance for credit losses. An allowance for credit losses is established on an individual note based on the Company’s estimate of the net amount expected to be collected. The allowance for credit losses is based upon the Company’s assessment of the borrower’s overall financial condition, resources and payment record; and, if appropriate, the realizable value of any collateral. These estimates consider all available evidence including the expected future cash flows, estimated fair value of collateral on secured notes, general economic conditions and trends, and other relevant factors, as appropriate. Notes are placed on non-accrual status when management determines that the collectibility of contractual amounts is not reasonably assured. Notes receivable at December 31, 2025 and 2024 totaled $35.7 million and $34.4 million, respectively. Notes receivable are included in other assets on the consolidated balance sheets. |
| Secured financings receivable and payable | Secured financings receivable and payable Secured financings receivable, which are generated through the Company’s warehouse lending operations, are collateralized by mortgage loans on residential real estate. Collections of amounts due from mortgage loan originators occur upon sale of the underlying mortgage loans to investors in the secondary market, generally within 30 days and more typically in less than 10 days. No allowance for credit losses has been recorded on these receivables due to, among other factors, the Company typically identifying investors in the underlying mortgage loans prior to making advances, the short-term nature of these receivables and the lack of significant historical credit losses experienced by the Company. Interest income is recorded on an accrual basis during the period the principal balance remains outstanding and is included in net investment income on the consolidated statements of income. Secured financings payable reflect borrowings under secured warehouse lending facilities with several banking institutions. Repayment of the warehouse borrowing occurs upon sale of the mortgage loan to investors as noted above. Interest expense is recorded during the period the borrowing remains outstanding and is included in interest expense on the consolidated statements of income. |
| Property and Equipment | Property and equipment Buildings and furniture and equipment are initially recorded at cost and are generally depreciated using the straight-line method over estimated useful lives ranging from 10 to 40 years and from 1 to 15 years, respectively. Leasehold improvements are Computer software developed for internal use and for use with the Company’s products is amortized over estimated useful lives ranging from 1 to 15 years using the straight-line method. Software development and implementation costs, which include certain payroll-related costs of employees directly associated with developing or implementing software and payments to third parties directly associated with developing or implementing software are capitalized during the application development or implementation stage until the software is ready for its intended use. Management evaluates the carrying value of property and equipment to be held and used when events and circumstances warrant such a review. The carrying value is considered impaired when either the anticipated undiscounted future cash flow from the asset is separately identifiable and is less than the carrying value, or when management identifies a specific asset to be abandoned. In the event that anticipated undiscounted future cash flows from an asset are determined to be less than its carrying value, a loss is recognized based on the amount by which the carrying value exceeds the fair value of the asset. Fair value is determined primarily through estimated future cash flows associated with the asset under review, discounted at a rate commensurate with the risk involved, or other valuation techniques. Losses on property and equipment to be abandoned are determined at the time of abandonment and are recognized at an amount equal to the carrying value. Impairment losses on property and equipment for the years ended December 31, 2025 and 2024 primarily included $49.3 million and $39.5 million, respectively, in impairment losses to capitalized internal-use software. The impairment losses were due to either abandonment or the carrying amount no longer deemed recoverable and exceeding its fair value as a result of either being replaced with new technologies or determined to be of diminished value from a change in management strategy. These impairment losses, which were included in the title insurance and services segment, are included in net investment losses on the consolidated statements of income. Impairment losses for the year ended December 31, 2023 were not material. |
| Leases | Leases The Company is, generally, a lessee in leases of commercial real estate, including office buildings and office space, and also certain equipment. 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. In connection with its lease commitments, the Company recognizes a lease liability equal to the present value of future lease payments discounted using its incremental borrowing rate and recognizes a lease asset equal to the lease liability, adjusted for any prepaid or accrued lease payments, lease incentives and initial direct costs. 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 its lease payments. The Company 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) on leases of commercial real estate and instead accounts for both components as a single lease component for purposes of recognizing lease assets and liabilities. 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. The Company excludes any leases with an initial term of 12 months or less from recognition on the balance sheet and for which lease expense is recognized on a straight-line basis over the lease term. Management recognizes an impairment loss when the carrying amount of a lease asset is not recoverable and exceeds its fair value. The carrying amount is considered not recoverable if it exceeds the sum of the undiscounted future cash flows that are directly associated with, and that are expected to arise as a result of, the use and eventual disposition of the lease asset. An impairment loss is measured as the amount by which the carrying amount of a lease asset exceeds its fair value. Impairment losses related to the Company’s commercial real estate may occur if the Company ceased use of all, or a portion, of a leased property while a contractual obligation remains. For further information on the Company’s leasing arrangements see Note 7 Leases. |
| Title plants and other indexes | Title plants and other indexes Title plants are carried at cost, with the costs of daily maintenance (updating) charged to expense as incurred. Because properly maintained title plants have indefinite lives and do not diminish in value with the passage of time, no provision has been made for depreciation or amortization. The Company analyzes its title plants at least annually for impairment. This analysis includes, but is not limited to, the effects of obsolescence, duplication, demand and other economic factors. Capitalized real estate data is initially recorded at cost and is amortized using the straight-line method over a 15 year estimated useful life. |
| Business Combinations | Business Combinations Amounts paid for acquisitions are allocated to the tangible and intangible assets acquired and liabilities assumed and are based on their estimated fair values at the date of acquisition. The excess of the fair value of purchase consideration over the fair values of the identifiable assets and liabilities is recorded as goodwill. Acquisition-related costs are expensed in the periods in which the costs are incurred. The results of operations of acquired businesses are included in the consolidated financial statements from the date of acquisition. |
| Goodwill Impairment | Goodwill Impairment The Company is required to perform an annual goodwill impairment assessment for each reporting unit for which goodwill has been allocated. The reporting units that have been allocated goodwill include title insurance and home warranty. The Company’s trust and other services and corporate reporting units have no allocated goodwill and are, therefore, not assessed for impairment. The Company has elected to perform this annual assessment in the fourth quarter of each fiscal year or sooner if circumstances indicate possible impairment. Based on accounting guidance, the Company has the option to perform a qualitative assessment to determine if the fair value is more likely than not (i.e., a likelihood of greater than 50%) less than the carrying amount as a basis for determining whether it is necessary to perform a quantitative impairment test, or may choose to forego a qualitative assessment and perform a quantitative impairment test. The qualitative factors considered in this assessment may include macroeconomic conditions, industry and market considerations, overall financial performance as well as other relevant events and circumstances as determined by the Company. The Company evaluates the weight of each factor to determine whether it is more likely than not that impairment may exist. If the results of a qualitative assessment indicate the more likely than not threshold was not met, the Company may choose not to perform a quantitative impairment test. If, however, the more likely than not threshold is met, the Company will perform a quantitative test as required and discussed below. Management’s quantitative impairment testing compares the fair value of each reporting unit to its carrying amount. The fair value of each reporting unit is determined by using discounted cash flow analysis and, where appropriate, market approach valuations. If the fair value of the reporting unit exceeds its carrying amount, the goodwill is not considered impaired and no additional analysis is required. However, if the carrying amount is greater than the fair value, an impairment charge is recognized 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 quantitative impairment test for goodwill utilizes a variety of valuation techniques, all of which require the Company to make estimates and judgments. Fair value is determined by employing an expected present value technique, which utilizes expected cash flows and an appropriate discount rate. The use of comparative market multiples (the “market approach”) compares the reporting unit to other comparable companies (if such comparables are present in the marketplace) based on valuation multiples to arrive at a fair value. In assessing the fair value, the Company utilizes the results of the valuations (including the market approach to the extent comparables are available) and considers the range of fair values determined under all methods and the extent to which the fair value exceeds the carrying amount of the reporting unit. The valuation of each reporting unit includes the use of assumptions and estimates of many critical factors, including revenue growth rates and operating margins, discount rates and future market conditions, determination of market multiples and the establishment of a control premium, among others. Forecasts of future operations are based, in part, on operating results and the Company’s expectations as to future market conditions. These types of analyses contain uncertainties because they require the Company to make assumptions and to apply judgments to estimate industry economic factors and the profitability of future business strategies. However, if actual results are not consistent with the Company’s estimates and assumptions, the Company may be exposed to future impairment losses that could be material. The Company performed qualitative assessments for both reporting units in 2025 and 2024. In 2023, the Company chose to perform a quantitative impairment test for its title insurance reporting unit and a qualitative assessment for its home warranty reporting unit. The results of the Company’s qualitative assessments in 2025 and 2024 for both reporting units and, in 2023, for the home warranty reporting unit, supported the conclusion that the reporting unit fair values were not more likely than not less than their carrying amounts and, therefore, a quantitative impairment test was not considered necessary. Based on the results of the quantitative test in 2023, the Company determined that the fair value for the title insurance reporting unit exceeded its carrying amount and no additional analysis was required. As a result of the Company’s annual goodwill impairment assessments, the Company did not record any goodwill impairment losses for 2025, 2024 or 2023. |
| Other Intangible Assets | Other intangible assets The Company’s finite-lived intangible assets consist of customer relationships, noncompete agreements, trademarks, internal-use software licenses and patents. These assets are amortized on a straight-line basis over their useful lives ranging from 1 to 20 years and are subject to impairment assessments when there is an indication of a triggering event or abandonment. The Company’s indefinite-lived other intangible assets consist of licenses which are not amortized but rather assessed for impairment by comparing the fair values to carrying amounts at least annually, and when an indicator of potential impairment has occurred. Management uses estimated future cash flows (undiscounted and excluding interest) to measure the recoverability of intangible assets with finite lives, whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable. If the undiscounted cash flow analysis indicates that the carrying amount is not recoverable, an impairment loss is recorded for the excess of the carrying amount over its fair value. Management’s impairment assessment for indefinite-lived other intangible assets include a valuation using a discounted cash flow analysis or through a market approach. If the fair value exceeds its carrying amount, the asset is not considered impaired and no additional analysis is required. However, if the carrying amount is greater than the fair value, an impairment loss is recorded equal to the excess. |
| Reserve for Known and Incurred but Not Reported Claims | Reserve for known and incurred but not reported claims The Company provides for title insurance losses through a charge to expense when the related premium revenue is recognized. The amount charged to expense is generally determined by applying a rate (the loss provision rate) to total title insurance premiums and escrow fees. The Company’s management estimates the loss provision rate at the beginning of each year and reassesses the rate quarterly to ensure that the resulting incurred but not reported (“IBNR”) loss reserve and known claims reserve included in the Company’s consolidated balance sheets together reflect management’s best estimate of the total costs required to settle all IBNR and known claims. If the ending IBNR reserve is not considered adequate, an adjustment is recorded. The process of assessing the loss provision rate and the resulting IBNR reserve involves an evaluation of the results of an in-house actuarial review. The Company’s in-house actuary performs a reserve analysis utilizing generally accepted actuarial methods that incorporate cumulative historical claims experience and information provided by in-house claims and operations personnel. Current economic and business trends are also contemplated as part of the reserve analysis. These include conditions in the real estate and mortgage markets, changes in residential and commercial real estate values, and changes in the levels of defaults and foreclosures that may affect claims levels and patterns of emergence, as well as any company-specific factors that may be relevant to past and future claims experience. Results from the analysis include, but are not limited to, a range of IBNR reserve estimates and a single point estimate for IBNR as of the balance sheet date. For recent policy years at early stages of development (generally the last four to five years), IBNR is generally estimated using a combination of expected loss rate and multiplicative loss development factor calculations. For more mature policy years, IBNR generally is estimated using multiplicative loss development factor calculations. The expected loss rate method estimates IBNR by applying an expected loss rate to total title insurance premiums and escrow fees and by adjusting for policy year maturity using estimated loss development patterns. Multiplicative loss development factor calculations estimate IBNR by applying factors derived from loss development patterns to losses realized to date. The expected loss rate and loss development patterns are based on historical experience and the relationship of the history to the applicable policy years. The Company’s management uses the IBNR point estimate from the in-house actuary’s analysis and other relevant information concerning claims, including a range of IBNR reserve estimates, to determine what it considers to be the best estimate of the total amount required for the IBNR reserve. The volume and timing of title insurance claims are subject to cyclical influences from both the real estate and mortgage markets. Title policies issued to lenders constitute a large portion of the Company’s title insurance volume. These policies insure lenders against losses on mortgage loans due to title defects in the collateral property. Even if an underlying title defect exists that could result in a claim, often the lender must realize an actual loss, or at least be likely to realize an actual loss, for a title insurance liability to exist. As a result, title insurance claims exposure is sensitive to lenders’ losses on mortgage loans and is affected in turn by external factors that affect mortgage loan losses, particularly macroeconomic factors. A general decline in real estate prices can expose lenders to greater risk of losses on mortgage loans, as loan-to-value ratios increase and defaults and foreclosures increase. Title insurance claims exposure for a given policy year is also affected by the quality of mortgage loan underwriting during the corresponding origination year. The Company believes that the sensitivity of claims to external conditions in the real estate and mortgage markets is an inherent feature of title insurance’s business economics that applies broadly to the title insurance industry. Title insurance policies are long-duration contracts with the majority of the claims reported to the Company within the first few years following the issuance of the policy. Generally, 65% to 75% of claim amounts become known in the first six years of the policy life, and the majority of IBNR reserves relate to the six most recent policy years. Changes in expected ultimate losses and corresponding loss rates for recent policy years are considered likely and could result in a material adjustment to the IBNR reserves. A material change in expected ultimate losses and corresponding loss rates for older policy years is also possible, particularly for policy years with loss rates exceeding historical norms. The estimates made by management in determining the appropriate level of IBNR reserves could ultimately prove to be materially different from actual claims experience. The Company provides for claims losses relating to its home warranty business based on the average cost per claim and historical loss experience as applied to the total of current claims incurred. The average cost per home warranty claim is calculated using the average of the most recent 12 months of claims experience adjusted for estimated future increases in costs. |
| Contingent Litigation and Regulatory Liabilities | Contingent litigation and regulatory liabilities Amounts related to contingent litigation and regulatory liabilities are accrued if it is probable that a liability has been incurred and an amount is reasonably estimable. The Company records legal fees in other operating expenses in the period incurred. |
| Revenues | Revenues Premiums on title policies issued directly by the Company are recognized on the effective date of the title policy and escrow fees are recorded upon close of the escrow. Revenues from title policies issued by agents are recorded when notice of issuance is received from the agent, which is generally when cash payment is received by the Company. Premiums on home warranty contracts are generally recognized ratably in proportion to expected claims experience over the duration of the policy or contract, which is typically 12 months. Information and other revenues are recognized when control of the promised goods or services is transferred to the customer and in an amount that reflects the consideration the Company expects to be entitled to in exchange for these goods or services. For those products and services where the Company’s performance obligation is satisfied at a point in time and for which there is no ongoing obligation, revenue is recognized upon delivery. For those products and services where the Company satisfies its performance obligation over time as the product or service is being transferred to the customer, revenue is generally recognized using the output method as the products or services are delivered. The Company applies the optional exemptions allowed under accounting guidance whereby the Company is not required to disclose either the transaction price allocated to performance obligations that are unsatisfied as of the end of the period or an explanation as to when the Company expects to recognize the related revenue. Such contracts generally include performance obligations that are contingent upon the closing of a real estate transaction or include variable consideration based on order volumes and have remaining contract terms of generally less than three years. The Company is allowed to apply the optional exemptions to its remaining performance obligations due to (1) the performance obligation is part of a contract that has an original duration of one year or less, (2) the associated revenue is based on the Company’s right to invoice for the value of the product or service delivered, (3) the associated variable consideration is allocated entirely to wholly unsatisfied performance obligations or (4) immateriality. The Company also applies the practical expedient allowed under accounting guidance whereby it can disregard the impact to the transaction price of the effects of a significant financing component for arrangements where the Company expects the period between delivery of the product or service and customer payment to be one year or less. In addition, the Company applies the practical expedient whereby it recognizes the incremental costs of obtaining a contract as an expense when incurred if the amortization period for the asset that the Company otherwise would have recognized is one year or less. The Company records a contract asset, and recognizes revenue, upon delivery of certain products related to the closing of a real estate transaction where the Company’s right to payment is subject to the closing of the transaction. The Company records a contract liability for payments received in advance of revenue recognition for certain products or services. Contract assets and liabilities were not material at December 31, 2025 and 2024. Revenues recognized during the years ended December 31, 2025, 2024 and 2023 that were included in contract liabilities at the beginning of the respective period were not material. For information about the Company’s revenues disaggregated by reportable segment see Note 22 Segment Financial Information. |
| Premium Taxes | Premium taxes Title insurance and home warranty companies, like other types of insurers, are generally not subject to state income or franchise taxes. However, in lieu thereof, most states impose a tax based primarily on insurance premiums written. This premium tax is reported as a separate line item in the consolidated statements of income in order to provide a more meaningful disclosure of the taxation of the Company. |
| Income Taxes | Income taxes The Company accounts for income taxes under the asset and liability method, whereby deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company evaluates the need to establish a valuation allowance for deferred tax assets based upon the amount of existing temporary differences, the period in which they are expected to be recovered and expected levels of taxable income. A valuation allowance is established when it is considered more likely than not that some or all of the deferred tax assets will not be realized. The Company recognizes the effect of income tax positions only if sustaining those positions is considered more likely than not. Changes in recognition or measurement of uncertain tax positions are reflected in the period in which a change in judgment occurs. The Company recognizes interest and penalties related to uncertain tax positions in income tax expense. |
| Share-Based Compensation | Share-based compensation The Company measures the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award. The cost is recognized in the Company’s financial statements over the requisite service period of the award using the straight-line method for awards that contain only a service condition and the graded vesting method for awards that contain a performance or market condition. For awards with retirement eligibility provisions, the cost is recognized through the date the employee becomes eligible to retire and is no longer required to provide service to earn the award. The Company accounts for forfeitures as they occur. The Company utilizes a Monte Carlo valuation model to estimate the fair value of its market-based equity-settled performance awards. The Company’s primary means of providing share-based compensation is through the granting of restricted stock units (“RSUs”). RSUs granted generally have graded vesting features and include a service condition; and, for certain employees and executives, may also include either a performance or market condition. The Company also grants performance restricted stock units (“PRSUs”) to certain employees and executives, which generally contain service and either performance or market conditions. RSUs and PRSUs receive dividend equivalents in the form of RSUs/PRSUs having the same vesting requirements as the initial grant. The Company also offers an employee stock purchase plan that allows eligible employees the option to purchase common stock of the Company at 85% of the lower of the closing price on either the first or last day of each offering period. The offering periods are three-month periods beginning on January 1, April 1, July 1 and October 1 of each fiscal year. The Company recognizes an expense in the amount equal to the value of the 15% discount and look-back feature over the three-month offering period. |
| Earnings Per Share | Earnings per share Basic earnings per share is computed by dividing net income available to the Company’s stockholders by the weighted-average number of common shares outstanding. The computation of diluted earnings per share is similar to the computation of basic earnings per share, except that the weighted-average number of common shares outstanding is increased to include the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Potential dilutive common shares include RSUs and PRSUs. |
| Employee Benefit Plans | Employee benefit plans The Company recognizes the underfunded status of its unfunded supplemental benefit plans as a liability on its consolidated balance sheets. Actuarial gains and losses that have not been previously recognized as a component of net periodic benefit cost are recorded as a component of accumulated other comprehensive income/loss. Plan obligations are measured annually as of December 31. The Company informally funds its nonqualified deferred compensation plan through tax-advantaged investments known as variable universal life insurance. The Company’s deferred compensation plan assets are included as a component of other assets and the Company’s deferred compensation plan liability is included as a component of pension costs and other retirement plans on the consolidated balance sheets. The income or loss earned on the Company’s plan assets is included as a component of net investment income and the income or loss earned by the plan participants is included as a component of personnel costs on the consolidated statements of income. |
| Foreign Currency | Foreign currency The Company operates in other countries, including Canada, the United Kingdom, South Korea, Australia and New Zealand. The functional currencies of the Company’s foreign subsidiaries are generally their respective local currencies. The financial statements of foreign subsidiaries with local currencies that were determined to be the functional currency are translated into U.S. dollars as follows: assets and liabilities at the exchange rate as of the balance sheet date, equity at the historical rates of exchange, and income and expense amounts at average rates prevailing during the period. Translation adjustments resulting from the translation of the subsidiaries’ accounts are included in accumulated other comprehensive income/loss as a separate component of stockholders’ equity. For those foreign subsidiaries where the U.S. dollar has been determined to be the functional currency, non-monetary assets and liabilities are translated using historical rates, while monetary assets and liabilities are translated at current rates, with remeasurement gains and losses included in other operating expenses. Gains and losses resulting from foreign currency transactions are included within other operating expenses. |
| Reinsurance | Reinsurance The Company’s title insurance business assumes and cedes large title insurance risks through reinsurance. Additionally, the Company has limited reinsurance arrangements related to certain products offered through its international operations. In reinsurance arrangements, the primary insurer retains a certain amount of risk under a policy and cedes the remainder of the risk under the policy to the reinsurer. The primary insurer pays the reinsurer a premium in exchange for accepting this risk of loss. The primary insurer generally remains liable to its insured for the total risk but is reinsured under the terms of the reinsurance agreement. The amount of premiums assumed and ceded is recorded as a component of direct premiums and escrow fees on the Company’s consolidated statements of income. The total amount of premiums assumed and ceded in connection with reinsurance and payments and recoveries on reinsured losses were not material during the years ended December 31, 2025, 2024 and 2023. |
| Escrow deposits and trust assets | Escrow deposits and trust assets The Company administers escrow deposits as a service to customers in its direct title operations. Escrow deposits totaled $9.3 billion and $8.9 billion at December 31, 2025 and 2024, respectively, of which $3.7 billion and $4.0 billion, respectively, were held at First American Trust, FSB (“FA Trust”). The remaining deposits were held at third-party financial institutions. Escrow deposits held at third-party financial institutions are not considered assets of the Company and, therefore, are not included in the accompanying consolidated balance sheets. All such amounts are placed in deposit accounts insured, up to applicable limits, by the Federal Deposit Insurance Corporation. The Company could be held contingently liable for the disposition of these assets. Trust assets administered by FA Trust totaled $5.6 billion and $4.8 billion at December 31, 2025 and 2024, respectively, of which $173.9 million and $169.4 million, respectively, were held at FA Trust. The remaining trust assets were held at third-party financial institutions. Trust assets administered by FA Trust and held at third-party institutions are fiduciary client assets. As such, these trust assets are not considered assets of the Company and, therefore, are not included in the accompanying consolidated balance sheets. The Company could be held contingently liable if FA Trust were to breach any of its fiduciary duties. 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 either income or as a reduction in expense, as appropriate, in the consolidated statements of income based on the nature of the arrangement and benefit received. Like-kind exchanges The Company facilitates tax-deferred property exchanges for customers pursuant to Section 1031 of the Internal Revenue Code and tax-deferred reverse exchanges pursuant to Revenue Procedure 2000-37. As a facilitator and intermediary, the Company holds the proceeds from sales transactions and takes temporary title to property identified by the customer to be acquired with such proceeds. Upon the completion of each such exchange, the identified property is transferred to the customer or, if the exchange does not take place, an amount equal to the sales proceeds or, in the case of a reverse exchange, title to the property held by the Company is transferred to the customer. Like-kind exchange funds administered by the Company totaled $2.7 billion and $2.3 billion at December 31, 2025 and 2024, respectively. In 2025, FA Trust began administering like-kind exchange funds and, at December 31, 2025, held $93.6 million of such deposits. The like-kind exchange deposits held at third-party financial institutions are not included in the accompanying consolidated balance sheets as the proceeds and property are not considered assets of the Company due to the structure utilized to facilitate these transactions. 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. |
| Subservicing Deposits | Subservicing deposits In conducting its residential mortgage loan subservicing operations, the Company administers cash deposits on behalf of its clients. Cash deposits totaled $1.6 billion and $901.0 million at December 31, 2025 and 2024, respectively, of which $1.0 billion and $606.5 million, respectively, were held at FA Trust. The remaining deposits were held at third-party financial institutions. Cash deposits held at third-party financial institutions are not considered assets of the Company and, therefore, are not included in the accompanying consolidated balance sheets. All such amounts are placed in deposit accounts insured, up to applicable limits, by the Federal Deposit Insurance Corporation. The Company could be held contingently liable for the disposition of these assets. In connection with certain accounts, the Company has ongoing programs for realizing economic benefits with various financial institutions whereby it earns economic benefits either as income or as a reduction in expense. In 2025, the Company agreed to provide a secured interest in certain debt securities with a fair value of $54.9 million as collateral to be maintained on deposit in connection with a new mortgage loan subservicing agreement. Deposit balances held at FA Trust are temporarily invested in cash and cash equivalents and debt securities, with offsetting liabilities included in deposits in the accompanying consolidated balance sheets. The Company regularly reviews the financial strength of third-party financial institutions where deposits are held and, based on this review and the fact that all amounts are placed in deposit accounts insured, up to applicable limits, by the Federal Deposit Insurance Corporation, does not expect any credit losses; therefore the Company has not recorded a liability for credit losses. |
| Pending Accounting Pronouncements | Recently Adopted Accounting Pronouncements In December 2023, the Financial Accounting Standards Board (“FASB”) issued updated guidance intended to enhance the transparency and decision usefulness of income tax disclosures. The updated guidance requires disclosure of specific categories and greater disaggregation of information included in the rate reconciliation and additional disclosures related to income taxes paid. Except for the disclosure requirements, the adoption of this guidance, effective January 1, 2025, had no impact on the Company's consolidated financial statements. In August 2023, the FASB issued updated guidance intended to provide decision-useful information to investors and reduce diversity in practice in accounting for contributions made to a joint venture, upon formation, in a joint venture’s separate financial statements. The updated guidance requires joint ventures to recognize and initially measure their assets and liabilities at fair value with certain exceptions to fair value measurement consistent with business combination guidance. The updated guidance, which was adopted on January 1, 2025, had no impact on the Company's consolidated financial statements.
Pending Accounting Pronouncements In September 2025, the FASB issued updated guidance intended to modernize the accounting for internal-use software costs. The updated guidance better aligns the accounting with how software is currently developed by making the guidance more relevant for agile and iterative development methods. Under the updated guidance, an entity is required to begin capitalizing software costs when management has authorized and committed to funding a software project and it is probable that the project will be completed and the software will be used to perform the function intended. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2027, with early adoption permitted, and can be applied prospectively, retrospectively, or through a modified prospective method in the Company's financial statements. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements. In November 2024, the FASB issued updated guidance intended to improve financial reporting by requiring entities to disclose additional information in the notes to the financial statements about specific expense categories within the income statement. The updated guidance is effective for annual reporting periods beginning after December 15, 2026 and interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. The updated disclosures can be applied either prospectively or retrospectively in the Company's financial statements. Except for the disclosure requirements, the Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements. |
Debt Securities (Tables) |
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| 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:
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| Gross Unrealized Losses on Investments in Debt Securities | Investments in debt securities in an unrealized loss position, and their respective length of time in such position, are as follows:
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| Investments in Debt Securities by Contractual Maturity | Investments in debt securities at December 31, 2025, by contractual maturities, are as follows:
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| Composition of Debt Securities Portfolio by Credit Rating Agencies | The composition of the debt securities portfolio at December 31, 2025, by credit rating, is as follows:
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| 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 December 31, 2025, by credit rating, is as follows:
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Equity Securities (Tables) |
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| Investments, Debt and Equity Securities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Investments in Equity Securities, by Accounting Classification | Investments in equity securities, by accounting classification, are summarized as follows:
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| Summary of Investments in Marketable Equity Securities | Investments in marketable equity securities are summarized as follows:
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| Summary of Changes in Carrying Amounts of Non-Marketable Equity Securities | A summary of the changes in the carrying amounts of non-marketable equity securities, which primarily relate to the Company's venture investment portfolio, for the years ended December 31, 2025 and 2024, is as follows:
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| Summary of Cumulative Gross Unrealized Gains and Cumulative Gross Unrealized Losses and Impairments | Cumulative gross unrealized gains and cumulative gross unrealized losses and impairments related to non-marketable equity securities at December 31, 2025 and 2024, are summarized as follows:
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Allowance for Credit Losses – Accounts Receivable (Tables) |
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| Summary of Allowance for Credit Losses on Accounts Receivables | Activity in the allowance for credit losses on accounts receivable is summarized as follows:
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Property and Equipment (Tables) |
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| Schedule of Property and Equipment | Property and equipment is summarized as follows:
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Leases (Tables) |
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| Leases [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Lease Assets and Liabilities | Lease assets and liabilities are summarized as follows:
|
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| Summary of Components of Lease Expense | The components of lease expense are summarized as follows:
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| 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 December 31, 2025, are summarized as follows:
|
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| Schedule of Information Related to Lease Terms and Discount Rate | Information related to lease terms and discount rates is summarized as follows:
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| Schedule of Cash Flow Information Related to Lease Liabilities | Cash flow information related to lease liabilities is summarized as follows:
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Goodwill (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Intangible Assets Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Carrying Amounts of Goodwill by Reportable Segment | A summary of the changes in the carrying amounts of goodwill, by reportable segment, for the years ended December 31, 2025 and 2024, is as follows:
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Other Intangible Assets (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets, Gross (Excluding Goodwill) [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Other Intangible Assets | Other intangible assets are summarized as follows:
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| Estimated Amortization Expense for Finite-Lived Intangible Assets | Estimated amortization expense for finite-lived intangible assets for the next five years is as follows:
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Deposits (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Banking And Thrifts [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Escrow, Mortgage Subserving, and Other Deposits | Deposit accounts are summarized as follows:
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Reserve for Known and Incurred but Not Reported Claims (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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:
A summary of the Company’s loss reserves is as follows:
|
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| Summary of Incurred and Paid Claims Development Net of Reinsurance | The information below about incurred and paid claims development for the years ended December 31, 2016 to 2024, is presented as supplementary information.
*Amounts unaudited.
*Amounts unaudited. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Reconciliation of the Net Incurred and Paid Claims Development Tables to the Liability for Claims and Claim Adjustment Expense | A reconciliation of the net incurred and paid claims development tables to the liability for claims and claim adjustment expense at December 31, 2025, is as follows:
|
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| Schedule of Supplementary Information about Average Historical Claims | Supplementary information about average historical claims duration for the Company’s home warranty business as of December 31, 2025, is as follows:
|
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Notes and Contracts Payable (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Notes and Contracts Payable |
|
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| Aggregate Annual Maturities of Notes and Contracts Payable | The aggregate annual maturities for notes and contracts payable for the next five years and thereafter are summarized as follows:
|
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Net Investment Income (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Investment Income [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Net Investment Income | Net investment income includes interest and earnings on the following investments:
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Income Taxes (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Tax Expenses | Income taxes are summarized as follows:
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| Schedule of Effective Income Tax Rate Reconciliation | The Company’s actual income tax expense differs from the expense computed by applying the federal statutory income tax rate of 21% for the years ended December 31, 2025, 2024 and 2023. A reconciliation of these differences is as follows:
(a) State taxes in California made up the majority (greater than 50 percent) of the tax effect in this category. (b)
Provincial taxes in Ontario made up the majority (greater than 50 percent) of the tax effect in this category. |
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| Net Deferred Tax (Liability) Assets | The primary components of temporary differences that give rise to the Company’s net deferred tax liability are as follows:
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| Summary of Income Taxes Paid | Income taxes paid are summarized as follows:
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| Summary of Income Taxes Paid by Jurisdictions | Income taxes paid (net of refunds) exceeded 5 percent of total income tax paid (net of refunds) in the following jurisdictions:
* Jurisdiction below the threshold for the period presented. |
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| Changes in Unrecognized Tax Benefits | A reconciliation of the beginning and ending amounts of unrecognized tax benefits for the years ended December 31, 2025, 2024 and 2023 is as follows:
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Earnings Per Share (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Earnings Per Share | The computation of basic and diluted earnings per share is as follows:
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Employee Benefit Plans (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retirement Benefits [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Principal Components of Employee Benefit Costs | The principal components of employee benefit costs are summarized as follows:
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| Company's Benefit Obligations and Funded Status | The following table summarizes the benefit obligations and funded status associated with the Company’s unfunded supplemental benefit plans:
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| Net Periodic Benefit Costs | Net periodic benefit costs related to the Company’s unfunded supplemental benefit pension plans are summarized as follows:
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| The Weighted-Average Discount Rate Assumptions Used to Determine Net Periodic Benefit Costs and Projected Benefit Obligations | The weighted-average discount rate assumptions used to determine net periodic benefit costs for the Executive and Management Supplemental Benefit Plans for the years ended December 31, 2025, 2024 and 2023, are as follows:
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| Benefit Payments | Benefit payments, which reflect expected future service, as appropriate, are expected to be made as follows:
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Fair Value Measurements (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 December 31, 2025 and 2024:
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| 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 December 31, 2025 and 2024:
(1) Excludes $165.2 million of non-marketable equity securities for which no observable price changes or impairment charges occurred during the year. (2) Excludes $179.0 million of non-marketable equity securities for which no observable price changes or impairment charges occurred during the year. (3)
Estimated fair values were determined during the year as of the dates that either an observable transaction occurred or an impairment assessment was made. |
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| Summary of Valuation Techniques and Significant Unobservable Inputs Used in Measuring Fair Value of Non-Marketable Equity Securities |
(1)
Weighted average is calculated based on the fair values of the non-marketable equity securities. |
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Share-Based Compensation Plans (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-Based Payment Arrangement [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Costs Associated with Share-Based Compensation Plans | The following table summarizes the costs associated with the Company’s share-based compensation plans:
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| Summary of RSU and PSRU Activity | The following table summarizes RSU and PRSU activity for the year ended December 31, 2025:
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Accumulated Other Comprehensive Income (Loss) ("AOCI") (Tables) |
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 years ended December 31, 2025, 2024 and 2023:
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| Adjustments for Reclassification of Other Comprehensive Income (Loss) | The following table presents the other comprehensive income (loss) reclassification adjustments for the years ended December 31, 2025, 2024 and 2023:
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| 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 consolidated statements of income:
(1)
Amounts are components of net periodic cost. See Note 16 Employee Benefit Plans for additional details. |
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Segment Financial Information (Tables) |
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| Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Selected Financial Information | Information about reportable segment performance, significant expenses and assets for the years ended December 31, 2025, 2024 and 2023, are as follows:
(1) Intersegment revenue is included within amounts shown. (2) The significant expense categories and amounts align with segment level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within amounts shown. (3) Other operating expenses for each segment primarily include the following: Title insurance and services - title and data search expenses, office and occupancy expenses and software expense. Home warranty - advertising expense, office and occupancy expenses, software expense, delivery and storage expenses. Corporate - employee benefit expense and certain overhead expenses. (4)
Elimination of intersegment asset balances:
(1) Intersegment revenue is included within amounts shown. (2) The significant expense categories and amounts align with segment level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within amounts shown. (3) Other operating expenses for each segment primarily include the following: Title insurance and services - title and data search expenses, office and occupancy expenses and software expense. Home warranty - advertising expense, office and occupancy expenses, software expense, delivery and storage expenses. Corporate - employee benefit expense and certain overhead expenses. (4)
Elimination of intersegment asset balances:
(1) Intersegment revenue is included within amounts shown. (2) The significant expense categories and amounts align with segment level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within amounts shown. (3) Other operating expenses for each segment primarily include the following: Title insurance and services - title and data search expenses, office and occupancy expenses and software expense. Home warranty - advertising expense, office and occupancy expenses, software expense, delivery and storage expenses. Corporate - employee benefit expense and certain overhead expenses. (4)
Elimination of intersegment asset balances:
Information about the Company’s revenues, by segment, for the years ended December 31, 2025, 2024 and 2023, is as follows:
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| Schedule Of Revenues From External Customers And Long-Lived Assets | Domestic and foreign revenues from external customers for the title insurance and services segment are as follows:
Domestic and foreign long-lived assets for the title insurance and services segment are as follows:
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Statutory Restrictions on Investments and Stockholders' Equity (Narrative) (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Statutory Accounting Practices [Line Items] | |||
| Investments on deposit with state treasurers | $ 134.3 | $ 127.2 | |
| Dividends available to parent from subsidiaries | 382.0 | ||
| Loans and advances available to parent from subsidiaries | 113.6 | ||
| Differences in state prescribed or permitted practices to NAIC Statutory Accounting | 364.2 | 354.6 | |
| FATICO | |||
| Statutory Accounting Practices [Line Items] | |||
| Statutory surplus maintained by insurance subsidiary | 1,500.0 | 1,600.0 | |
| Statutory net income of insurance subsidiary | $ 349.4 | $ 182.8 | $ 198.3 |
Debt Securities (Sales of Debt Securities) (Narrative) (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Debt Securities, Available-for-Sale [Line Items] | |||
| Realized losses on sales of debt securities | $ 20.5 | $ 357.3 | $ 88.1 |
| Realized gains on sales of debt securities | 9.1 | 22.2 | 7.2 |
| Proceeds from sales of debt securities | $ 1,263.3 | $ 5,462.9 | $ 1,676.9 |
Equity Securities - (Summary of Investments in Equity Securities, by Classification) (Detail) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Investments, Debt and Equity Securities [Abstract] | ||
| Marketable equity securities | $ 477.6 | $ 386.8 |
| Non-marketable equity securities | 273.5 | 202.4 |
| Equity method investments | 98.0 | 102.1 |
| Equity Securities | $ 849.1 | $ 691.3 |
Equity Securities - (Summary of Investments in Marketable Equity Securities) (Detail) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Schedule Of Trading Securities And Other Trading Assets [Line Items] | ||
| Equity securities, Cost | $ 466.9 | $ 409.3 |
| Equity securities, Unrealized gains (losses) | 10.7 | (22.5) |
| Equity securities, Estimated fair value | 477.6 | 386.8 |
| Common Stock | ||
| Schedule Of Trading Securities And Other Trading Assets [Line Items] | ||
| Equity securities, Cost | 457.9 | 397.3 |
| Equity securities, Unrealized gains (losses) | 9.8 | (22.6) |
| Equity securities, Estimated fair value | 467.7 | 374.7 |
| Preferred Stock | ||
| Schedule Of Trading Securities And Other Trading Assets [Line Items] | ||
| Equity securities, Cost | 9.0 | 12.0 |
| Equity securities, Unrealized gains (losses) | 0.9 | 0.1 |
| Equity securities, Estimated fair value | $ 9.9 | $ 12.1 |
Equity Securities (Narrative) (Detail) - USD ($) $ in Millions |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Schedule Of Investments [Line Items] | ||
| Realized and unrealized net gains (losses) on equity securities | $ 51.1 | $ 4.3 |
| Net unrealized gains (losses) on equity securities | 47.9 | 0.9 |
| Common Stock | ||
| Schedule Of Investments [Line Items] | ||
| Net unrealized gains (losses) on equity securities | $ (8.4) | |
| Common Stock | Offerpad Inc [Member] | ||
| Schedule Of Investments [Line Items] | ||
| Net unrealized gains (losses) on equity securities | $ (37.9) | |
Equity Securities - (Summary of Changes in Carrying Amounts of Non Marketable Equity Securities) (Detail) - USD ($) $ in Millions |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Equity Securities Without Readily Determinable Fair Value [Line Items] | ||
| Carrying amount, beginning of period | $ 202.4 | |
| Carrying amount, end of period | 273.5 | $ 202.4 |
| Non Marketable Equity Securities | ||
| Equity Securities Without Readily Determinable Fair Value [Line Items] | ||
| Carrying amount, beginning of period | 202.4 | 224.1 |
| Net additions | 45.0 | 6.0 |
| Gross unrealized gains | 35.3 | 1.5 |
| Gross unrealized losses and impairments | (9.2) | (29.2) |
| Carrying amount, end of period | $ 273.5 | $ 202.4 |
Equity Securities - (Summary of Cumulative Gross Unrealized Gains and Cumulative Gross Unrealized Losses and Impairments) (Details) - Non Marketable Equity Securities - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Equity Securities without Readily Determinable Fair Value [Line Items] | ||
| Cumulative gross unrealized gains | $ 280.1 | $ 244.8 |
| Cumulative gross unrealized losses and impairments | $ 360.8 | $ 351.6 |
Allowance for Credit Losses - Summary of Allowance for Credit Losses on Accounts Receivables (Details) - USD ($) $ in Millions |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Receivables [Abstract] | ||
| Balance at beginning of period | $ 21.5 | $ 21.8 |
| Provision for expected credit losses | 9.5 | 8.7 |
| Write-offs/recoveries | (7.1) | (9.0) |
| Balance at end of period | $ 23.9 | $ 21.5 |
Property and Equipment (Schedule of Property and Equipment) (Detail) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Property, Plant and Equipment [Abstract] | ||
| Land | $ 25.2 | $ 26.5 |
| Buildings | 199.3 | 195.8 |
| Leasehold improvements | 61.0 | 66.5 |
| Furniture and equipment | 174.0 | 175.7 |
| Capitalized software | 1,336.4 | 1,283.2 |
| Property and equipment, Gross | 1,795.9 | 1,747.7 |
| Accumulated depreciation and amortization | (1,113.6) | (1,002.6) |
| Property and equipment, Total | $ 682.3 | $ 745.1 |
Leases - Summary of Lease Assets and Liabilities (Detail) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Assets | ||
| Operating lease assets | $ 205.7 | $ 214.7 |
| Finance lease assets | $ 3.9 | $ 6.2 |
| Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] | Other assets | Other assets |
| Total lease assets | $ 209.6 | $ 220.9 |
| Liabilities | ||
| Operating lease liabilities | 218.2 | 229.9 |
| Finance lease liabilities | $ 3.7 | $ 5.7 |
| Finance Lease, Liability, Statement of Financial Position [Extensible List] | Notes and contracts payable | Notes and contracts payable |
| Total lease liabilities | $ 221.9 | $ 235.6 |
Leases - Summary of Components of Lease Expense (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Finance lease cost: | |||
| Net lease cost | $ 111.6 | $ 116.9 | $ 122.0 |
| Other Operating Income (Expense) | |||
| Lessee Lease Description [Line Items] | |||
| Operating lease cost | 80.8 | 85.6 | 89.0 |
| Finance lease cost: | |||
| Variable lease cost | 30.2 | 29.7 | 31.8 |
| Short-term lease cost | 1.4 | 1.4 | 2.1 |
| Depreciation And Amortization | |||
| Finance lease cost: | |||
| Amortization of lease assets | 2.3 | 2.7 | 1.7 |
| Interest | |||
| Finance lease cost: | |||
| Interest of lease liabilities | 0.1 | 0.2 | 0.1 |
| Information And Other | |||
| Finance lease cost: | |||
| Sublease income | $ (3.2) | $ (2.7) | $ (2.7) |
Leases - Schedule of Information Related to Lease Terms and Discount Rate (Detail) |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Weighted-average remaining lease terms (years): | ||
| Operating leases | 4 years 6 months | 4 years 6 months |
| Finance leases | 2 years 6 months | 3 years 2 months 12 days |
| Weighted-average discount rates: | ||
| Operating leases | 5.40% | 5.03% |
| Finance leases | 2.33% | 2.29% |
Leases - Schedule of Cash Flow Information Related to Lease Liabilities (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Lessee Disclosure [Abstract] | |||
| Cash paid for amounts included in the measurement of lease liabilities, Operating cash flows from operating leases | $ 83.8 | $ 87.4 | $ 91.5 |
| Cash paid for amounts included in the measurement of lease liabilities, Operating cash flows from finance leases | 0.1 | 0.2 | 0.1 |
| Cash paid for amounts included in the measurement of lease liabilities, Financing cash flows from finance leases | 2.3 | 2.6 | 1.8 |
| Operating lease assets obtained in exchange for new operating lease liabilities | 57.1 | 61.7 | 58.9 |
| Finance lease assets obtained in exchange for new finance lease liabilities | $ 0.0 | $ 6.1 | $ 1.5 |
Goodwill (Carrying Amounts of Goodwill by Reportable Segment) (Detail) - USD ($) $ in Millions |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Goodwill [Line Items] | ||
| Goodwill, Beginning Balance | $ 1,804.3 | $ 1,807.5 |
| Acquisitions | 10.5 | 1.4 |
| Foreign currency translation | 4.5 | (4.6) |
| Goodwill, Ending Balance | 1,819.3 | 1,804.3 |
| Title Insurance and Services | ||
| Goodwill [Line Items] | ||
| Goodwill, Beginning Balance | 1,763.4 | 1,766.6 |
| Acquisitions | 10.5 | 1.4 |
| Foreign currency translation | 4.5 | (4.6) |
| Goodwill, Ending Balance | 1,778.4 | 1,763.4 |
| Home Warranty | ||
| Goodwill [Line Items] | ||
| Goodwill, Beginning Balance | 40.9 | 40.9 |
| Acquisitions | 0.0 | 0.0 |
| Foreign currency translation | 0.0 | 0.0 |
| Goodwill, Ending Balance | $ 40.9 | $ 40.9 |
Other Intangible Assets - Schedule of Other Intangible Assets (Detail) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Intangible Assets Net Excluding Goodwill [Abstract] | ||
| Customer relationships | $ 148.8 | $ 160.8 |
| Noncompete agreements | 4.5 | 10.5 |
| Trademarks | 70.9 | 70.7 |
| Internal-use software licenses | 19.5 | 21.7 |
| Patents | 2.8 | 2.8 |
| Finite-lived intangible assets, gross | 246.5 | 266.5 |
| Accumulated amortization | (163.4) | (158.2) |
| Finite-lived intangible assets, net | 83.1 | 108.3 |
| Licenses | 16.9 | 16.9 |
| Other intangibles assets, net | $ 100.0 | $ 125.2 |
Other Intangible Assets - (Narrative) (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Intangible Assets Net Excluding Goodwill [Abstract] | |||
| Amortization expense | $ 37.6 | $ 44.4 | $ 51.5 |
Other Intangible Assets - Estimated Amortization Expense for Finite-Lived Intangible Assets (Detail) $ in Millions |
Dec. 31, 2025
USD ($)
|
|---|---|
| Intangible Assets Net Excluding Goodwill [Abstract] | |
| 2026 | $ 32.4 |
| 2027 | 14.5 |
| 2028 | 8.7 |
| 2029 | 6.0 |
| 2030 | $ 5.2 |
Deposits (Escrow, Mortgage Subserving, and Other Deposits) (Detail) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Banking And Thrifts [Abstract] | ||
| Interest bearing | $ 1,649.3 | $ 1,999.9 |
| Non-interest bearing | 2,295.0 | 2,247.8 |
| Escrow accounts | 3,944.3 | 4,247.7 |
| Interest bearing | 1,040.4 | 606.5 |
| Interest bearing | 93.6 | 0.0 |
| Other Deposits | 214.4 | 193.9 |
| Deposits, Total | $ 5,292.7 | $ 5,048.1 |
| Weighted average interest rate, Interest bearing deposit accounts | 1.84% | 1.89% |
Reserve for Known and Incurred but Not Reported Claims (Activity in Reserve for Known and Incurred but Not Reported Claims) (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward] | |||
| Balance at beginning of year | $ 1,193.4 | $ 1,282.4 | $ 1,325.3 |
| Provision related to current year | 370.9 | 357.3 | 354.6 |
| Provision related to prior years | (44.3) | (37.3) | (18.3) |
| Total Provision | 326.6 | 320.0 | 336.3 |
| Payments, net of recoveries, related to: Current year | 186.4 | 204.6 | 199.6 |
| Payments, net of recoveries, related to: Prior years | 172.0 | 193.2 | 182.2 |
| Total Payments, net of recoveries | 358.4 | 397.8 | 381.8 |
| Other | 8.0 | (11.2) | 2.6 |
| Balance at end of year | $ 1,169.6 | $ 1,193.4 | $ 1,282.4 |
Reserve for Known and Incurred but Not Reported Claims (Narrative) (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Insurance [Abstract] | |||
| Provision for title loss, percentage of title premiums and escrow fees | 3.00% | 3.00% | 3.25% |
| Ultimate loss rate | 3.75% | 3.75% | 3.75% |
| Percentage reserve release for prior policy years | 0.75% | 0.75% | 0.50% |
| Reserve release for prior policy years | $ 39.8 | $ 34.6 | $ 21.6 |
Reserve for Known and Incurred but Not Reported Claims (Summary of Loss Reserves) (Detail) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|---|---|
| Liability for Claims and Claims Adjustment Expense [Line Items] | ||||
| Known title claims, amount | $ 54.6 | $ 55.3 | ||
| IBNR title claims, amount | 1,095.9 | 1,109.4 | ||
| Non-title claims, amount | 19.1 | 28.7 | ||
| Total loss reserves, amount | $ 1,169.6 | $ 1,193.4 | $ 1,282.4 | $ 1,325.3 |
| Known title claims, percent | 4.70% | 4.60% | ||
| IBNR title claims, percent | 93.70% | 93.00% | ||
| Total title claims, percent | 98.40% | 97.60% | ||
| Non-title claims, percent | 1.60% | 2.40% | ||
| Total loss reserves, percent | 100.00% | 100.00% | ||
| Title Claims | ||||
| Liability for Claims and Claims Adjustment Expense [Line Items] | ||||
| Total loss reserves, amount | $ 1,150.5 | $ 1,164.7 |
Reserve for Known and Incurred but Not Reported Claims - Reconciliation of the Net Incurred and Paid Claims Development Tables to the Liability for Claims and Claim Adjustment Expense (Detail) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|---|---|
| Claims Development [Line Items] | ||||
| Liability for unpaid claims and claim adjustment expenses - short-duration | $ 19.1 | |||
| Total loss reserves, amount | 1,169.6 | $ 1,193.4 | $ 1,282.4 | $ 1,325.3 |
| Property and casualty insurance | ||||
| Claims Development [Line Items] | ||||
| Liability for unpaid claims and claim adjustment expenses - short-duration | 5.6 | |||
| Home warranty | ||||
| Claims Development [Line Items] | ||||
| Liability for unpaid claims and claim adjustment expenses - short-duration | 13.5 | |||
| Title Insurance Product Line | ||||
| Claims Development [Line Items] | ||||
| Total loss reserves, amount | $ 1,150.5 | $ 1,164.7 |
Reserve for Known and Incurred but Not Reported Claims - Schedule of Supplementary Information about Average Historical Claims (Detail) |
Dec. 31, 2025 |
|---|---|
| Short-Duration Insurance Contracts, Liability for Unpaid Claims and Allocated Claim Adjustment Expense, Net [Abstract] | |
| Average annual percentage payout of incurred claims by age, Year 1 | 90.90% |
| Average annual percentage payout of incurred claims by age, Year 2 | 9.10% |
Notes and Contracts Payable (Schedule of Notes and Contracts Payable) (Detail) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Debt Instrument [Line Items] | ||
| Other notes and contracts payable with maturities through 2029, weighted-average interest rates of 3.99% and 3.77% | $ 7.8 | $ 11.0 |
| Debt And Capital Lease Obligations Before Discounts Premiums Debt Issuance Costs | 1,557.8 | 1,561.0 |
| Unamortized discounts and debt issuance costs | (12.4) | (14.4) |
| Notes and contracts payable net of unamortized discount and debt issuance costs | 1,545.4 | 1,546.6 |
| 5.45% unsecured notes | ||
| Debt Instrument [Line Items] | ||
| Senior unsecured notes | 450.0 | 450.0 |
| 2.40% unsecured notes | ||
| Debt Instrument [Line Items] | ||
| Senior unsecured notes | 650.0 | 650.0 |
| 4.00% unsecured notes | ||
| Debt Instrument [Line Items] | ||
| Senior unsecured notes | $ 450.0 | $ 450.0 |
Notes and Contracts Payable (Schedule of Notes and Contracts Payable) (Parenthetical) (Detail) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Senior Notes | 5.45% unsecured notes | ||
| Debt Instrument [Line Items] | ||
| Senior unsecured notes maturity date | Sep. 30, 2034 | |
| Effective interest rate | 5.49% | |
| Senior Notes | 2.40% unsecured notes | ||
| Debt Instrument [Line Items] | ||
| Senior unsecured notes maturity date | Aug. 15, 2031 | |
| Effective interest rate | 2.44% | |
| Senior Notes | 4.00% unsecured notes | ||
| Debt Instrument [Line Items] | ||
| Senior unsecured notes maturity date | May 15, 2030 | |
| Effective interest rate | 4.05% | |
| Notes Payable, Other Payables | ||
| Debt Instrument [Line Items] | ||
| Other notes and contracts payable maturities in year | 2029 | |
| Weighted-average interest rate | 3.99% | 3.77% |
Notes and Contracts Payable (Narrative) (Detail) - USD ($) $ in Millions |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Debt Instrument [Line Items] | ||
| Line Of Credit Facility Maximum Increase In Revolving Credit Expansion Option | $ 450.0 | |
| Long-term Line of Credit | $ 0.0 | |
| 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, (b) the Adjusted Term SOFR Rate plus the applicable spread, or (c) the Adjusted Daily Simple SOFR plus the applicable spread (in each case as defined in the credit agreement). The Company may select interest periods of one, three or six months for Adjusted Term SOFR Rate 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 0.125% and the maximum is 0.75%. The minimum applicable spread for Adjusted Term SOFR Rate and Adjusted Daily Simple SOFR borrowings is 1.125% and the maximum is 1.75%. The Alternate Base Rate is subject to a floor of 1.00% and the Adjusted Term SOFR Rate and the Adjusted Daily Simple SOFR are each subject to a floor of 0.00%. 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. | |
| Line of Credit Facility, Covenant Compliance | 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 December 31, 2025, the Company was in compliance with the financial covenants under the credit agreement. | |
| Unsecured Debt | JPMorgan Chase Bank, N.A | ||
| Debt Instrument [Line Items] | ||
| Line of Credit Facility, Maximum Borrowing Capacity | $ 900.0 | |
| Line of Credit Facility, Expiration Date | May 17, 2028 | |
| 2.40% unsecured notes | ||
| Debt Instrument [Line Items] | ||
| Unsecured notes | $ 650.0 | $ 650.0 |
Notes and Contracts Payable (Aggregate Annual Maturities of Notes and Contracts Payable) (Detail) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Maturities of Long-term Debt [Abstract] | ||
| 2026 | $ 3.4 | |
| 2027 | 2.2 | |
| 2028 | 2.0 | |
| 2029 | 0.2 | |
| 2030 | 450.0 | |
| Thereafter | 1,100.0 | |
| Debt And Capital Lease Obligations Before Discounts Premiums Debt Issuance Costs | $ 1,557.8 | $ 1,561.0 |
Net Investment Income (Schedule of Net Investment Income) (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Schedule Of Investment Income Reported Amounts By Category [Line Items] | |||
| Total investment income | $ 624.1 | $ 564.2 | $ 573.0 |
| Deposits and other investments | 331.6 | 282.3 | 303.5 |
| Deferred compensation plan assets | 18.6 | 19.5 | 21.9 |
| Equity in earnings of affiliates, net | 7.2 | 7.4 | 5.4 |
| Investment expenses | (3.1) | (3.2) | (3.0) |
| Net investment income | 621.0 | 561.0 | 570.0 |
| Debt Securities | |||
| Schedule Of Investment Income Reported Amounts By Category [Line Items] | |||
| Total investment income | 255.9 | 244.6 | 231.7 |
| Equity Securities | |||
| Schedule Of Investment Income Reported Amounts By Category [Line Items] | |||
| Total investment income | $ 10.8 | $ 10.4 | $ 10.5 |
Income Taxes (Narrative) (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Income Tax Disclosure [Line Items] | |||
| Income (loss) before noncontrolling interests, Domestic | $ 684.4 | $ 193.4 | $ 83.2 |
| Income (loss) before noncontrolling interests, Foreign | $ 82.2 | $ 141.8 | $ 81.0 |
| U.S. federal statutory tax | 21.00% | 21.00% | 21.00% |
| Effective income tax rates | 24.30% | 19.80% | 21.50% |
| Foreign tax credit carryover net of valuation allowance | $ 1.4 | ||
| Operating loss carryforwards, amount | 269.4 | ||
| Operating loss carryforwards, indefinite expiration, amount | 41.0 | ||
| Operating loss carryforwards, subject to expiration, amount | $ 228.4 | ||
| Operating loss carryforwards expiration date | Dec. 31, 2026 | ||
| Deferred tax asset valuation allowance | $ 29.4 | $ 27.9 | |
| Tax benefits on income tax expense | 0.8 | 0.3 | $ 0.7 |
| Liability for income taxes associated with uncertain tax positions | 34.4 | 31.6 | 12.4 |
| Offsetting tax benefits related to uncertain tax positions | $ 3.7 | 3.7 | $ 0.8 |
| Percentage of bonus depreciation for assets placed in service impact tax reform | 100.00% | ||
| Current year tax deductions | $ 412.3 | ||
| Tax deductions reflect timing related reclassification between income tax payable and deferred tax balances | 86.6 | ||
| Deferred Tax Assets Valuation Allowances on Capital Losses | |||
| Income Tax Disclosure [Line Items] | |||
| Deferred tax asset valuation allowance | 24.7 | 24.7 | |
| Deferred Tax Assets Valuation Allowances On Net Operating Loss Carryforwards | |||
| Income Tax Disclosure [Line Items] | |||
| Deferred tax asset valuation allowance | 4.7 | 4.7 | |
| Deferred Tax Assets Valuation Allowances On Other Deferred Tax Assets | |||
| Income Tax Disclosure [Line Items] | |||
| Deferred tax asset valuation allowance | 3.2 | $ 3.2 | |
| Federal | |||
| Income Tax Disclosure [Line Items] | |||
| Operating loss carryforwards, amount | 15.5 | ||
| State and Local Jurisdiction | |||
| Income Tax Disclosure [Line Items] | |||
| Operating loss carryforwards, amount | 244.3 | ||
| Foreign Tax Authority | |||
| Income Tax Disclosure [Line Items] | |||
| Operating loss carryforwards, amount | $ 9.6 | ||
Income Taxes - Summary of Tax Expenses (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Income Tax Disclosure [Abstract] | |||
| Current Federal | $ 24.2 | $ (0.7) | $ 55.4 |
| Current State | 11.7 | 6.1 | 2.8 |
| Current foreign | 27.3 | 17.3 | 11.6 |
| Current Income Tax Expense (Benefit), Total | 63.2 | 22.7 | 69.8 |
| Deferred Federal | 114.6 | 21.4 | (8.6) |
| Deferred State | 17.5 | (16.6) | (10.9) |
| Deferred Foreign | 5.7 | 5.3 | 8.6 |
| Deferred Income Tax Expense (Benefit), Total | 137.8 | 10.1 | (10.9) |
| Income tax | $ 201.0 | $ 32.8 | $ 58.9 |
Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Detail) - USD ($) $ in Millions |
12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|||||
| Effective Income Tax Rate Reconciliation [Line Items] | |||||||
| U.S. federal statutory tax | $ 173.5 | $ 34.7 | $ 57.6 | ||||
| State and local income taxes, net of federal income tax effect | [1] | 23.0 | (8.3) | (6.4) | |||
| Foreign tax effects | |||||||
| Effect of changes in tax laws or rates enacted in the current period | 0.0 | 0.0 | 0.0 | ||||
| Effect of cross-border tax laws | |||||||
| Global intangible low-taxed income | 0.4 | (0.9) | 0.1 | ||||
| Foreign branch income | 3.5 | 3.3 | 2.6 | ||||
| Unremitted foreign earnings | 3.4 | (1.4) | 1.2 | ||||
| Tax credits | |||||||
| Research and development tax credits | (5.6) | (11.1) | (17.3) | ||||
| Foreign tax credits | (4.6) | (3.5) | 0.0 | ||||
| Changes in valuation allowances | |||||||
| Capital loss carryover | 0.0 | 12.2 | 7.7 | ||||
| Foreign tax credits | 1.3 | (0.8) | 0.0 | ||||
| Nontaxable or nondeductible items | |||||||
| Tax exempt interest income | (6.7) | (6.4) | (7.2) | ||||
| Meals and entertainment | 2.6 | 2.2 | 1.7 | ||||
| Key man life insurance | (2.1) | (2.2) | (1.7) | ||||
| Share-based compensation | 4.1 | 2.3 | 0.0 | ||||
| Other | 1.1 | 0.7 | 3.7 | ||||
| Changes in unrecognized tax benefits | 3.6 | 6.8 | 10.7 | ||||
| Other adjustments | 0.3 | (0.1) | (0.7) | ||||
| Income tax | $ 201.0 | $ 32.8 | $ 58.9 | ||||
| U.S. federal statutory tax | 21.00% | 21.00% | 21.00% | ||||
| State and local income taxes, net of federal income tax effect | [1] | 2.80% | (5.00%) | (2.30%) | |||
| Foreign tax effects | |||||||
| Effect of changes in tax laws or rates enacted in the current period | 0.00% | 0.00% | 0.00% | ||||
| Effect of cross-border tax laws | |||||||
| Global intangible low-taxed income | 0.00% | (0.50%) | 0.00% | ||||
| Foreign branch income | 0.40% | 2.00% | 0.90% | ||||
| Unremitted foreign earnings | 0.40% | (0.80%) | 0.40% | ||||
| Tax credit | |||||||
| Research and development tax credits | (0.70%) | (6.70%) | (6.30%) | ||||
| Foreign tax credits | (0.60%) | (2.10%) | 0.00% | ||||
| Changes in valuation allowances | |||||||
| Capital loss carryover | 0.00% | 7.40% | 2.80% | ||||
| Foreign tax credits | 0.20% | (0.50%) | 0.00% | ||||
| Nontaxable or nondeductible items | |||||||
| Tax exempt interest income | (0.80%) | (3.90%) | (2.50%) | ||||
| Meals and entertainment | 0.30% | 1.30% | 0.60% | ||||
| Key man life insurance | (0.30%) | (1.30%) | (0.60%) | ||||
| Share-based compensation | 0.50% | 1.40% | 0.00% | ||||
| Other | 0.10% | 0.40% | 1.30% | ||||
| Changes in unrecognized tax benefits | 0.40% | 4.10% | 3.90% | ||||
| Other adjustments | 0.20% | (0.10%) | (0.20%) | ||||
| Income tax | 24.30% | 19.80% | 21.50% | ||||
| Australia | |||||||
| Foreign tax effects | |||||||
| IFRS 17 adjustments | $ (2.1) | $ 2.1 | $ 0.0 | ||||
| Other | $ 2.7 | $ (2.4) | $ (1.1) | ||||
| Foreign tax effects | |||||||
| IFRS 17 adjustments | (0.30%) | 1.30% | 0.00% | ||||
| Other | 0.30% | (1.50%) | (0.40%) | ||||
| Canada | |||||||
| Foreign tax effects | |||||||
| IFRS 17 adjustments | $ 0.0 | $ 0.0 | $ 3.1 | ||||
| Other | 0.1 | (0.4) | (1.2) | ||||
| Statutory tax rate difference between Canada and United States | (4.4) | (3.3) | (2.3) | ||||
| Provincial and territorial income taxes | [2] | $ 8.4 | $ 6.3 | $ 4.4 | |||
| Foreign tax effects | |||||||
| IFRS 17 adjustments | 0.00% | 0.00% | 1.10% | ||||
| Other | 0.00% | (0.20%) | (0.40%) | ||||
| Statutory tax rate difference between Canada and United States | (0.50%) | (2.00%) | (0.80%) | ||||
| Provincial and territorial income taxes | [2] | 1.00% | 3.80% | 1.60% | |||
| India | |||||||
| Foreign tax effects | |||||||
| Other | $ 1.4 | $ 1.2 | $ 3.1 | ||||
| Withholding tax | $ 2.0 | $ 2.0 | $ 0.0 | ||||
| Foreign tax effects | |||||||
| Other | 0.20% | 0.70% | 1.10% | ||||
| Withholding tax | 0.20% | 1.20% | 0.00% | ||||
| United Kingdom | |||||||
| Foreign tax effects | |||||||
| United Kingdom | $ (4.5) | $ 0.4 | $ 0.6 | ||||
| Foreign tax effects | |||||||
| United Kingdom | (0.50%) | 0.20% | 0.20% | ||||
| Other Foreign Jurisdictions | |||||||
| Foreign tax effects | |||||||
| Other foreign jurisdictions | $ (0.4) | $ (0.6) | $ 0.3 | ||||
| Foreign tax effects | |||||||
| Other foreign jurisdictions | 0.00% | (0.40%) | 0.10% | ||||
| |||||||
Income Taxes - Net Deferred Tax Liability (Detail) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Components of Deferred Tax Assets and Liabilities [Abstract] | ||
| Deferred revenue | $ 9.9 | $ 10.4 |
| Employee benefits | 109.9 | 103.9 |
| Bad debt reserves | 9.1 | 7.9 |
| Pension | 11.7 | 11.3 |
| Net operating loss carryforward | 17.5 | 27.6 |
| Foreign tax credit | 3.0 | 3.5 |
| Operating lease liabilities | 44.4 | 47.1 |
| Investments in affiliates | 15.6 | 17.2 |
| Securities | 49.4 | 124.1 |
| Other | 19.2 | 17.5 |
| Deferred tax assets before valuation allowance | 289.7 | 370.5 |
| Valuation allowance | (29.4) | (27.9) |
| Deferred tax assets | 260.3 | 342.6 |
| Depreciable and amortizable assets | (378.0) | (264.6) |
| Claims and related salvage | (129.3) | (119.2) |
| Operating lease assets | (41.3) | (43.2) |
| Unremitted foreign earnings | (15.0) | (10.9) |
| Deferred tax liabilities | (563.6) | (437.9) |
| Net deferred tax asset (liability) | $ (303.3) | $ (95.3) |
Income Taxes - Summary of Income Taxes Paid (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Income Tax Disclosure [Abstract] | |||
| Federal | $ 17.9 | $ (10.5) | $ 96.1 |
| State | 5.7 | (4.1) | 9.0 |
| Foreign | 27.9 | 13.1 | 14.9 |
| Income taxes paid (refunded) | $ 51.5 | $ (1.5) | $ 120.0 |
Income Taxes - Summary of Income Tax Paid By Jurisdiction (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Income Tax Paid, by Individual Jurisdiction [Line Items] | |||
| Federal | $ 17.9 | $ (10.5) | $ 96.1 |
| State | 5.7 | (4.1) | 9.0 |
| Foreign | 27.9 | 13.1 | 14.9 |
| Arizona | |||
| Income Tax Paid, by Individual Jurisdiction [Line Items] | |||
| State | (0.1) | ||
| California | |||
| Income Tax Paid, by Individual Jurisdiction [Line Items] | |||
| State | (10.5) | ||
| Florida | |||
| Income Tax Paid, by Individual Jurisdiction [Line Items] | |||
| State | 3.4 | ||
| Idaho | |||
| Income Tax Paid, by Individual Jurisdiction [Line Items] | |||
| State | 0.4 | ||
| Illinois | |||
| Income Tax Paid, by Individual Jurisdiction [Line Items] | |||
| State | 0.6 | ||
| Louisiana | |||
| Income Tax Paid, by Individual Jurisdiction [Line Items] | |||
| State | 0.2 | ||
| Maryland | |||
| Income Tax Paid, by Individual Jurisdiction [Line Items] | |||
| State | 0.1 | ||
| Montana | |||
| Income Tax Paid, by Individual Jurisdiction [Line Items] | |||
| State | (0.1) | ||
| New York | |||
| Income Tax Paid, by Individual Jurisdiction [Line Items] | |||
| State | 0.6 | ||
| Oregon | |||
| Income Tax Paid, by Individual Jurisdiction [Line Items] | |||
| State | 0.4 | ||
| Pennsylvania | |||
| Income Tax Paid, by Individual Jurisdiction [Line Items] | |||
| State | 0.1 | ||
| Tennessee | |||
| Income Tax Paid, by Individual Jurisdiction [Line Items] | |||
| State | 0.2 | ||
| Texas | |||
| Income Tax Paid, by Individual Jurisdiction [Line Items] | |||
| State | 0.5 | ||
| Australia | |||
| Income Tax Paid, by Individual Jurisdiction [Line Items] | |||
| Foreign | 0.9 | ||
| New Zealand | |||
| Income Tax Paid, by Individual Jurisdiction [Line Items] | |||
| Foreign | 0.1 | ||
| India | |||
| Income Tax Paid, by Individual Jurisdiction [Line Items] | |||
| Foreign | 5.4 | 5.8 | $ 8.6 |
| Canada | |||
| Income Tax Paid, by Individual Jurisdiction [Line Items] | |||
| Foreign | 17.6 | 3.2 | |
| England | |||
| Income Tax Paid, by Individual Jurisdiction [Line Items] | |||
| Foreign | $ 5.4 | $ 3.1 | |
Income Taxes - Changes In Unrecognized Tax Benefits (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Income Tax Disclosure [Abstract] | |||
| Unrecognized tax benefits—beginning balance | $ 31.6 | $ 12.4 | $ 3.2 |
| Gross increases—prior period tax positions | 0.6 | 14.8 | 8.4 |
| Gross increases—current period tax positions | 2.5 | 4.4 | 5.2 |
| Settlements with taxing authorities | (0.3) | 0.0 | (4.4) |
| Unrecognized tax benefits—ending balance | $ 34.4 | $ 31.6 | $ 12.4 |
Earnings Per Share (Schedule of Earnings Per Share) (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Earnings Per Share [Line Items] | |||
| Net income attributable to the Company | $ 621.8 | $ 131.1 | $ 216.8 |
| Basic weighted-average shares | 103.3 | 103.9 | 104.3 |
| Diluted weighted-average shares | 103.7 | 104.3 | 104.6 |
| Basic | $ 6.02 | $ 1.26 | $ 2.08 |
| Diluted | $ 6 | $ 1.26 | $ 2.07 |
| RSUs and PRSUs | |||
| Earnings Per Share [Line Items] | |||
| Effect of dilutive RSUs | 0.4 | 0.4 | 0.3 |
Earnings Per Share (Narrative) (Detail) - shares shares in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| RSUs | |||
| Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items] | |||
| Antidilutive securities excluded from the weighted-average diluted common shares outstanding | 15 | 44 | 8 |
| PRSUs | |||
| Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items] | |||
| Antidilutive securities excluded from the weighted-average diluted common shares outstanding | 30 | 45 | 13 |
Employee Benefit Plans (Narrative) (Detail) - USD ($) shares in Millions, $ in Millions |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Deferred compensation arrangements [Abstract] | ||
| Deferred compensation plan, maximum deferral percentage | 100.00% | |
| Assets held-in-trust | $ 165.0 | $ 148.0 |
| Unfunded liabilities | $ 179.6 | $ 164.2 |
| Executive and management supplemental benefit plans compensation period | 5 years | |
| Savings Plan | ||
| Deferred compensation arrangements [Abstract] | ||
| Common stock, outstanding | 1.1 | 1.3 |
| Percentage of plan shares in total shares outstanding | 1.10% | 1.20% |
| Unfunded Supplemental Benefit Plans | ||
| Deferred compensation arrangements [Abstract] | ||
| Cash contribution to plans during the next 12 months | $ 15.9 | |
| Unfunded Supplemental Benefit Plans | Maximum | ||
| Deferred compensation arrangements [Abstract] | ||
| Maximum benefit rate of final average compensation under non qualified plan | 30.00% | |
| Unfunded Supplemental Benefit Plans | Minimum | ||
| Deferred compensation arrangements [Abstract] | ||
| Maximum benefit rate of final average compensation under non qualified plan | 15.00% | |
| Defined Benefit Pension And Supplemental Benefit Plans | ||
| Deferred compensation arrangements [Abstract] | ||
| Net actuarial loss expected to be amortized from accumulated comprehensive income/loss into net periodic loss in next fiscal year | $ 2.0 | |
Employee Benefit Plans (Principal Components of Employee Benefit Costs) (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Employee Benefit Plan Disclosure [Line Items] | |||
| Pension and Other Postretirement Benefits Cost (Reversal of Cost) | $ 107.0 | $ 98.9 | $ 73.6 |
| Savings Plan | |||
| Employee Benefit Plan Disclosure [Line Items] | |||
| Savings plan | 63.3 | 60.5 | 34.5 |
| Unfunded Supplemental Benefit Plans | |||
| Employee Benefit Plan Disclosure [Line Items] | |||
| Employee benefit plan expenses | 11.4 | 12.0 | 12.3 |
| Other Plans, Net | |||
| Employee Benefit Plan Disclosure [Line Items] | |||
| Other plans, net | $ 32.3 | $ 26.4 | $ 26.8 |
Employee Benefit Plans (Company's Benefit Obligations and Funded Status) (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Change in projected benefit obligation: | |||
| Service costs | $ 0.1 | $ 0.1 | $ 0.1 |
| Interest costs | 9.4 | 9.6 | 10.2 |
| Unfunded Supplemental Benefit Plans | |||
| Change in projected benefit obligation: | |||
| Benefit obligation at beginning of year | 185.1 | 196.0 | |
| Service costs | 0.1 | 0.1 | |
| Interest costs | 9.4 | 9.6 | |
| Actuarial loss (gain) | 3.4 | (5.3) | |
| Benefits paid | (15.0) | (15.3) | |
| Projected benefit obligation at end of year | 183.0 | 185.1 | $ 196.0 |
| Change in plan assets: | |||
| Contributions | 15.0 | 15.3 | |
| Benefits paid | (15.0) | (15.3) | |
| Fair value of plan assets at end of year | 0.0 | 0.0 | |
| Reconciliation of funded status, Unfunded status of the plans | 183.0 | 185.1 | |
| Amounts recognized in the consolidated balance sheet, Accrued benefit liability | 183.0 | 185.1 | |
| Unrecognized net actuarial loss | 44.8 | 43.3 | |
| Accumulated benefit obligation at end of year | $ 183.0 | $ 185.1 | |
Employee Benefit Plans (Net Periodic Benefit Costs) (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract] | |||
| Service costs | $ 0.1 | $ 0.1 | $ 0.1 |
| Interest costs | $ 9.4 | $ 9.6 | $ 10.2 |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration] | Interest Expense, Operating and Nonoperating | Interest Expense, Operating and Nonoperating | Interest Expense, Operating and Nonoperating |
| Amortization of net actuarial loss | $ 1.9 | $ 2.3 | $ 2.0 |
| Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Depreciation, Depletion and Amortization, Nonproduction | Depreciation, Depletion and Amortization, Nonproduction | Depreciation, Depletion and Amortization, Nonproduction |
| Net periodic costs | $ 11.4 | $ 12.0 | $ 12.3 |
Employee Benefit Plans (The Weighted-Average Discount Rate Assumptions Used to Determine Net Periodic Benefit Costs) (Detail) - Unfunded Supplemental Benefit Plans |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Discount rates: | |||
| Projected benefit obligation | 5.64% | 5.21% | 5.56% |
| Service cost | 5.94% | 5.40% | 5.75% |
| Interest cost | 5.35% | 5.15% | 5.45% |
Employee Benefit Plans (The Weighted-Average Discount Rate Assumptions Used to Determine the Projected Benefit Obligations) (Detail) |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Unfunded Supplemental Benefit Plans | ||
| Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract] | ||
| Defined benefit pension plans, Discount rate | 5.26% | 5.64% |
Employee Benefit Plans (Benefit Payments) (Detail) $ in Millions |
Dec. 31, 2025
USD ($)
|
|---|---|
| Defined Benefit Plan, Expected Future Benefit Payment [Abstract] | |
| 2026 | $ 15.9 |
| 2027 | 16.8 |
| 2028 | 16.5 |
| 2029 | 16.1 |
| 2030 | 15.7 |
| Five years thereafter | $ 72.0 |
Fair Value Measurements - Fair Value of Assets Measured on Recurring Basis (Details) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | $ 8,466.7 | $ 7,265.9 |
| Equity securities, estimated fair value | 477.6 | 386.8 |
| Total assets | 8,944.3 | 7,652.7 |
| U.S. Treasury bonds | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 243.6 | 175.6 |
| Municipal bonds | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 960.1 | 776.5 |
| Foreign government bonds | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 235.2 | 211.6 |
| Governmental agency bonds | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 261.0 | 189.8 |
| Governmental agency mortgage-backed securities | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 5,260.8 | 4,502.3 |
| U.S. corporate debt securities | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 1,034.8 | 925.6 |
| Foreign corporate debt securities | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 471.2 | 484.5 |
| Common Stock | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Equity securities, estimated fair value | 467.7 | 374.7 |
| Preferred Stock | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Equity securities, estimated fair value | 9.9 | 12.1 |
| Level 1 | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 0.0 | 0.0 |
| Equity securities, estimated fair value | 477.6 | 386.8 |
| Total assets | 477.6 | 386.8 |
| Level 1 | U.S. Treasury bonds | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 0.0 | 0.0 |
| Level 1 | Municipal bonds | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 0.0 | 0.0 |
| Level 1 | Foreign government bonds | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 0.0 | 0.0 |
| Level 1 | Governmental agency bonds | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 0.0 | 0.0 |
| Level 1 | Governmental agency mortgage-backed securities | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 0.0 | 0.0 |
| Level 1 | U.S. corporate debt securities | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 0.0 | 0.0 |
| Level 1 | Foreign corporate debt securities | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 0.0 | 0.0 |
| Level 1 | Common Stock | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Equity securities, estimated fair value | 467.7 | 374.7 |
| Level 1 | Preferred Stock | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Equity securities, estimated fair value | 9.9 | 12.1 |
| Level 2 | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 8,466.7 | 7,265.9 |
| Equity securities, estimated fair value | 0.0 | 0.0 |
| Total assets | 8,466.7 | 7,265.9 |
| Level 2 | U.S. Treasury bonds | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 243.6 | 175.6 |
| Level 2 | Municipal bonds | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 960.1 | 776.5 |
| Level 2 | Foreign government bonds | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 235.2 | 211.6 |
| Level 2 | Governmental agency bonds | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 261.0 | 189.8 |
| Level 2 | Governmental agency mortgage-backed securities | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 5,260.8 | 4,502.3 |
| Level 2 | U.S. corporate debt securities | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 1,034.8 | 925.6 |
| Level 2 | Foreign corporate debt securities | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 471.2 | 484.5 |
| Level 2 | Common Stock | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Equity securities, estimated fair value | 0.0 | 0.0 |
| Level 2 | Preferred Stock | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Equity securities, estimated fair value | 0.0 | 0.0 |
| Level 3 | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 0.0 | 0.0 |
| Equity securities, estimated fair value | 0.0 | 0.0 |
| Total assets | 0.0 | 0.0 |
| Level 3 | U.S. Treasury bonds | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 0.0 | 0.0 |
| Level 3 | Municipal bonds | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 0.0 | 0.0 |
| Level 3 | Foreign government bonds | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 0.0 | 0.0 |
| Level 3 | Governmental agency bonds | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 0.0 | 0.0 |
| Level 3 | Governmental agency mortgage-backed securities | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 0.0 | 0.0 |
| Level 3 | U.S. corporate debt securities | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 0.0 | 0.0 |
| Level 3 | Foreign corporate debt securities | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Debt securities, estimated fair value | 0.0 | 0.0 |
| Level 3 | Common Stock | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Equity securities, estimated fair value | 0.0 | 0.0 |
| Level 3 | Preferred Stock | ||
| Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ||
| Equity securities, estimated fair value | $ 0.0 | $ 0.0 |
Fair Value Measurements (Narrative) (Details) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
| Fair value asset transfers between measurement levels | $ 0 | $ 0 |
Fair Value Measurements - Carrying Amounts and Estimated Fair Values of Financial Instruments Not Measured at Fair Value (Details) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Assets: | ||
| Notes receivable, net | $ 35.7 | $ 34.4 |
| Carrying Amount | ||
| Assets: | ||
| Cash and cash equivalents | 1,387.3 | 1,718.1 |
| Deposits with banks | 78.5 | 85.4 |
| Notes receivable, net | 35.7 | 34.4 |
| Secured financings receivable | 986.1 | 690.0 |
| Liabilities: | ||
| Secured financings payable | 906.5 | 643.8 |
| Notes and contracts payable | 1,545.4 | 1,546.6 |
| Estimated Fair Value | ||
| Assets: | ||
| Cash and cash equivalents | 1,387.3 | 1,718.1 |
| Deposits with banks | 78.2 | 85.3 |
| Notes receivable, net | 36.1 | 34.6 |
| Secured financings receivable | 986.1 | 690.0 |
| Liabilities: | ||
| Secured financings payable | 906.5 | 643.8 |
| Notes and contracts payable | 1,459.9 | 1,399.4 |
| Estimated Fair Value | Level 1 | ||
| Assets: | ||
| Cash and cash equivalents | 1,387.3 | 1,718.1 |
| Deposits with banks | 9.9 | 20.7 |
| Notes receivable, net | 0.0 | 0.0 |
| Secured financings receivable | 0.0 | 0.0 |
| Liabilities: | ||
| Secured financings payable | 0.0 | 0.0 |
| Notes and contracts payable | 0.0 | 0.0 |
| Estimated Fair Value | Level 2 | ||
| Assets: | ||
| Cash and cash equivalents | 0.0 | 0.0 |
| Deposits with banks | 68.3 | 64.6 |
| Notes receivable, net | 0.0 | 0.0 |
| Secured financings receivable | 986.1 | 690.0 |
| Liabilities: | ||
| Secured financings payable | 906.5 | 643.8 |
| Notes and contracts payable | 1,452.1 | 1,388.4 |
| Estimated Fair Value | Level 3 | ||
| Assets: | ||
| Cash and cash equivalents | 0.0 | 0.0 |
| Deposits with banks | 0.0 | 0.0 |
| Notes receivable, net | 36.1 | 34.6 |
| Secured financings receivable | 0.0 | 0.0 |
| Liabilities: | ||
| Secured financings payable | 0.0 | 0.0 |
| Notes and contracts payable | $ 7.8 | $ 11.0 |
Fair Value Measurements - Summary of Assets Measured at Fair Value on Non Recurring Basis (Details) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||||||
| Non-marketable equity securities | $ 273.5 | $ 202.4 | |||||||||
| Non Marketable Equity Securities | |||||||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||||||
| Non-marketable equity securities | 273.5 | 202.4 | $ 224.1 | ||||||||
| Non Marketable Equity Securities | Non-recurring Basis | |||||||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||||||
| Non-marketable equity securities | [1] | 108.3 | [2] | 23.4 | [3] | ||||||
| Non Marketable Equity Securities | Level 1 | Non-recurring Basis | |||||||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||||||
| Non-marketable equity securities | [1] | 0.0 | [2] | 0.0 | [3] | ||||||
| Non Marketable Equity Securities | Level 2 | Non-recurring Basis | |||||||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||||||
| Non-marketable equity securities | [1] | 105.1 | [2] | 5.1 | [3] | ||||||
| Non Marketable Equity Securities | Level 3 | Non-recurring Basis | |||||||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||||||
| Non-marketable equity securities | [1] | $ 3.2 | [2] | $ 18.3 | [3] | ||||||
| |||||||||||
Fair Value Measurements - Summary of Assets Measured at Fair Value on Non Recurring Basis (Parenthetical) (Details) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
| Non-marketable equity securities | $ 273.5 | $ 202.4 |
| Non Marketable Equity Securities Not Measured at Fair Value [Member] | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
| Non-marketable equity securities | $ 165.2 | $ 179.0 |
Fair Value Measurements - Summary of Valuation Techniques and Significant Unobservable Inputs Used in Measuring Fair Value of Non-Marketable Equity Securities (Details) - Market Approach - Non-Marketable Equity Securities - Revenue Multiple - Level 3 $ in Millions |
Dec. 31, 2025
USD ($)
|
|||
|---|---|---|---|---|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
| Fair Value | $ 3.2 | |||
| Measurement input | 7.1 | [1] | ||
| Minimum | ||||
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
| Measurement input | 6.1 | |||
| Maximum | ||||
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
| Measurement input | 9 | |||
| ||||
Share-Based Compensation Plans (Narrative) (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
| Unrecognized compensation cost related to unvested RSUs and PRSUs | $ 46.5 | ||
| Incentive Compensation Plan | |||
| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
| Common stock that will be made available for sale, in shares | 2.9 | ||
| Employee Stock Purchase Plan | |||
| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
| Employee stock purchase plan percentage of purchase price on closing price | 85.00% | ||
| Shares issued Employee Stock Purchase Plan | 0.5 | 0.5 | 0.5 |
| Shares reserved for future issuances | 7.5 | ||
| RSUs | |||
| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
| Total fair value of shares distributed | $ 55.3 | $ 55.1 | $ 62.7 |
| Shares vested but not distributed | 0.9 | ||
| RSUs and PRSUs | |||
| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
| Unrecognized compensation cost related to unvested RSUs and PRSUs that is expected to be recognized over a weighted-average period, Years | 2 years 4 months 24 days | ||
| Weighted average grant-date fair value | $ 65.18 | $ 58.91 | $ 63.73 |
| Amended Employee Stock Purchase Plan | |||
| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
| Share-based compensation arrangement, term of plan | Jul. 01, 2032 | ||
| Incentive Compensation Plan | |||
| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
| Common stock that will be made available for sale, in shares | 2.0 | ||
Share-Based Compensation (Costs Associated with Share-Based Compensation Plans) (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
| Share-based compensation | $ 68.4 | $ 52.0 | $ 49.1 |
| RSUs | |||
| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
| Share-based compensation | 54.7 | 40.2 | 38.4 |
| PRSUs | |||
| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
| Share-based compensation | 7.3 | 5.6 | 4.5 |
| Employee Stock Purchase Plan | |||
| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
| Share-based compensation | $ 6.4 | $ 6.2 | $ 6.2 |
Share-Based Compensation (Summary of RSU and PSRU Activity) (Detail) - RSUs - RSUs and PRSUs shares in Millions |
12 Months Ended |
|---|---|
|
Dec. 31, 2025
$ / shares
shares
| |
| Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |
| Unvested at December 31, 2024 | shares | 1.2 |
| Granted during 2025 | shares | 1.2 |
| Vested during 2025 | shares | (1.1) |
| Forfeited during 2025 | shares | (0.1) |
| Unvested at December 31, 2025 | shares | 1.2 |
| Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] | |
| Unvested at December 31, 2024 | $ / shares | $ 62.37 |
| Granted during 2025 | $ / shares | 65.18 |
| Vested during 2025 | $ / shares | 63.45 |
| Forfeited during 2025 | $ / shares | 71.64 |
| Unvested at December 31, 2025 | $ / shares | $ 63.46 |
Stockholders' Equity (Narrative) (Detail) shares in Millions, $ in Millions |
12 Months Ended | 62 Months Ended |
|---|---|---|
|
Dec. 31, 2025
USD ($)
shares
|
Dec. 31, 2025
USD ($)
shares
|
|
| Equity [Abstract] | ||
| Common stock repurchased, shares | shares | 2.1 | 6.8 |
| Purchase of Company, value | $ 122.3 | $ 377.0 |
| Maximum | ||
| Equity [Abstract] | ||
| Stock repurchase program, authorized amount | $ 300.0 | $ 300.0 |
Accumulated Other Comprehensive Income (Loss) (AOCI) - Components of Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward] | |||
| Balance | $ 4,927.0 | $ 4,862.8 | $ 4,681.2 |
| Accumulated other comprehensive income (loss), net of tax, Beginning Balance | (496.4) | ||
| Tax effect | (69.2) | (73.8) | (64.1) |
| Balance | 5,524.3 | 4,927.0 | 4,862.8 |
| Balance | (256.7) | (496.4) | |
| Unrealized Gains (Losses) on Debt Securities | |||
| Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward] | |||
| Balance | (353.7) | (553.6) | 751.6 |
| Change in unrealized losses on debt securities | 275.0 | 272.7 | 262.3 |
| Change in foreign currency translation adjustment | 0.0 | 0.0 | 0.0 |
| Net actuarial (loss) gain | 0.0 | 0.0 | 0.0 |
| Amortization of net actuarial loss | 0.0 | 0.0 | 0.0 |
| Tax effect | (68.9) | (72.8) | (64.3) |
| Balance | (147.6) | (353.7) | (553.6) |
| Foreign Currency Translation Adjustment | |||
| Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward] | |||
| Balance | (111.0) | (64.9) | (82.1) |
| Change in unrealized losses on debt securities | 0.0 | 0.0 | 0.0 |
| Change in foreign currency translation adjustment | 35.4 | (47.1) | 17.7 |
| Net actuarial (loss) gain | 0.0 | 0.0 | 0.0 |
| Amortization of net actuarial loss | 0.0 | 0.0 | 0.0 |
| Tax effect | (0.7) | 1.0 | (0.5) |
| Balance | (76.3) | (111.0) | (64.9) |
| Pension Benefit Adjustment | |||
| Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward] | |||
| Balance | (31.7) | (37.3) | (35.2) |
| Change in unrealized losses on debt securities | (0.0) | 0.0 | 0.0 |
| Change in foreign currency translation adjustment | (0.0) | 0.0 | 0.0 |
| Net actuarial (loss) gain | (3.4) | 5.3 | (4.8) |
| Amortization of net actuarial loss | 1.9 | 2.3 | 2.0 |
| Tax effect | 0.4 | (2.0) | 0.7 |
| Balance | (32.8) | (31.7) | (37.3) |
| Accumulated Other Comprehensive Income (Loss) | |||
| Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward] | |||
| Balance | (496.4) | (655.8) | (868.9) |
| Change in unrealized losses on debt securities | 275.0 | 272.7 | 262.3 |
| Change in foreign currency translation adjustment | 35.4 | (47.1) | 17.7 |
| Net actuarial (loss) gain | (3.4) | 5.3 | (4.8) |
| Amortization of net actuarial loss | 1.9 | 2.3 | 2.0 |
| Tax effect | (69.2) | (73.8) | (64.1) |
| Balance | $ (256.7) | $ (496.4) | $ (655.8) |
Accumulated Other Comprehensive Income (Loss) - Other Comprehensive Income (Loss) Reclassification Adjustments (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Accumulated Other Comprehensive Income Loss [Line Items] | |||
| Pretax change before reclassifications | $ 295.6 | $ (104.2) | $ 194.3 |
| Reclassifications out of AOCI | 13.3 | 337.4 | 82.9 |
| Tax effect | (69.2) | (73.8) | (64.1) |
| Total other comprehensive income, net of tax | 239.7 | 159.4 | 213.1 |
| Unrealized Gains (Losses) on Debt Securities | |||
| Accumulated Other Comprehensive Income Loss [Line Items] | |||
| Pretax change before reclassifications | 263.6 | (62.4) | 181.4 |
| Reclassifications out of AOCI | 11.4 | 335.1 | 80.9 |
| Tax effect | (68.9) | (72.8) | (64.3) |
| Total other comprehensive income, net of tax | 206.1 | 199.9 | 198.0 |
| Foreign Currency Translation Adjustment | |||
| Accumulated Other Comprehensive Income Loss [Line Items] | |||
| Pretax change before reclassifications | 35.4 | (47.1) | 17.7 |
| Reclassifications out of AOCI | 0.0 | 0.0 | 0.0 |
| Tax effect | (0.7) | 1.0 | (0.5) |
| Total other comprehensive income, net of tax | 34.7 | (46.1) | 17.2 |
| Pension Benefit Adjustment | |||
| Accumulated Other Comprehensive Income Loss [Line Items] | |||
| Pretax change before reclassifications | (3.4) | 5.3 | (4.8) |
| Reclassifications out of AOCI | 1.9 | 2.3 | 2.0 |
| Tax effect | 0.4 | (2.0) | 0.7 |
| Total other comprehensive income, net of tax | $ (1.1) | $ 5.6 | $ (2.1) |
Accumulated Other Comprehensive Income (Loss) - Reclassifications Out of AOCI) (Detail) - USD ($) $ in Millions |
12 Months Ended | ||||
|---|---|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|||
| Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||
| Pretax total | $ (13.3) | $ (337.4) | $ (82.9) | ||
| Unrealized Gains (Losses) on Debt Securities | |||||
| Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||
| Net realized losses on sales of debt securities | (11.4) | (335.1) | (80.9) | ||
| Tax effect | 2.9 | 89.5 | 19.8 | ||
| Pension Benefit Adjustment | |||||
| Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||
| Amortization of net actuarial loss | [1] | (1.9) | (2.3) | (2.0) | |
| Pretax total | (1.9) | (2.3) | (2.0) | ||
| Tax effect | [1] | $ 0.5 | $ 0.6 | $ 0.5 | |
| |||||
Segment Financial Information (Narrative) (Details) |
12 Months Ended |
|---|---|
|
Dec. 31, 2025
Segment
| |
| Segment Reporting [Abstract] | |
| Segment Reporting, CODM, Individual Title and Position or Group Name [Extensible Enumeration] | srt:ChiefExecutiveOfficerMember |
| Segment Reporting, CODM, Profit (Loss) Measure, How Used, Description | For the corporate segment, the performance of investments in venture-stage companies is primarily used to assess performance and allocate resources to the segment. |
| Number of reportable segments | 3 |
Segment Financial Information - (Schedule of Reportable segment Perfomance Significant Expenses and Assets) (Details) - USD ($) $ in Millions |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total consolidated revenue | $ 7,452.2 | $ 6,128.1 | $ 6,003.5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Less: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Personnel costs | 2,260.0 | 2,059.4 | 1,989.1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Premiums retained by agents | 2,374.0 | 2,044.6 | 1,952.2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other operating expenses | 1,210.6 | 1,113.4 | 1,067.0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Provision for policy losses | 326.6 | 320.0 | 336.3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Depreciation and amortization | 216.2 | 207.4 | 188.5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Premium taxes | 81.6 | 68.3 | 63.5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest | 157.0 | 149.6 | 132.5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income before income taxes | 826.2 | 165.4 | 274.4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total assets | 16,228.8 | 14,908.6 | 16,802.8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Segments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total consolidated revenue | 7,452.3 | [1] | 6,129.6 | [2] | 6,004.8 | [3] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Less: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Personnel costs | 2,259.9 | [4] | 2,059.3 | [5] | 1,989.1 | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Premiums retained by agents | 2,374.0 | [4] | 2,044.6 | [5] | 1,952.2 | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other operating expenses | 1,210.6 | [4],[7] | 1,113.7 | [5],[8] | 1,067.0 | [6],[9] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Provision for policy losses | 326.7 | [4] | 320.0 | [5] | 336.3 | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Depreciation and amortization | 216.2 | [4] | 207.4 | [5] | 188.5 | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Premium taxes | 81.7 | [4] | 68.3 | [5] | 63.5 | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest | 157.0 | [4] | 150.9 | [5] | 133.7 | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income before income taxes | 826.1 | [4] | 163.9 | [5] | 273.2 | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total assets | 16,595.1 | 15,114.6 | 16,952.6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment capital expenditures | 192.4 | 235.2 | 278.7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Segments | Title Insurance and Services | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total consolidated revenue | 6,977.7 | [1] | 5,737.3 | [2] | 5,724.8 | [3] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Less: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Personnel costs | 2,131.4 | [4] | 1,953.2 | [5] | 1,876.0 | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Premiums retained by agents | 2,374.0 | [4] | 2,044.6 | [5] | 1,952.2 | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other operating expenses | 1,081.7 | [4],[7] | 992.5 | [5],[8] | 937.7 | [6],[9] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Provision for policy losses | 159.2 | [4] | 138.3 | [5] | 139.9 | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Depreciation and amortization | 210.8 | [4] | 202.2 | [5] | 183.6 | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Premium taxes | 77.0 | [4] | 63.7 | [5] | 59.1 | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest | 96.2 | [4] | 96.6 | [5] | 82.3 | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income before income taxes | $ 847.4 | [4] | $ 246.2 | [5] | $ 494.0 | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pretax margin | 12.10% | 4.30% | 8.60% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total assets | $ 15,287.9 | $ 13,989.6 | $ 15,768.2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment capital expenditures | 186.0 | 229.3 | 271.1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Segments | Home Warranty | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total consolidated revenue | 442.9 | [1] | 425.7 | [2] | 417.2 | [3] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Less: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Personnel costs | 84.1 | [4] | 81.2 | [5] | 77.8 | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Premiums retained by agents | 0.0 | [4] | 0.0 | [5] | 0.0 | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other operating expenses | 90.4 | [4],[7] | 86.0 | [5],[8] | 82.8 | [6],[9] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Provision for policy losses | 171.9 | [4] | 184.4 | [5] | 193.1 | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Depreciation and amortization | 5.3 | [4] | 5.1 | [5] | 4.8 | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Premium taxes | 4.7 | [4] | 4.6 | [5] | 4.4 | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest | 0.0 | [4] | 0.0 | [5] | 0.0 | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income before income taxes | $ 86.5 | [4] | $ 64.4 | [5] | $ 54.3 | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pretax margin | 19.50% | 15.10% | 13.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total assets | $ 395.3 | $ 370.4 | $ 351.9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment capital expenditures | 6.4 | 5.9 | 7.6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Segments | Corporate and Eliminations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total consolidated revenue | 31.6 | (34.9) | (138.5) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Segments | Corporate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total consolidated revenue | 31.7 | [1] | (33.4) | [2] | (137.2) | [3] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Less: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Personnel costs | 44.4 | [4] | 24.9 | [5] | 35.3 | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Premiums retained by agents | 0.0 | [4] | 0.0 | [5] | 0.0 | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other operating expenses | 38.5 | [4],[7] | 35.2 | [5],[8] | 46.5 | [6],[9] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Provision for policy losses | (4.4) | [4] | (2.7) | [5] | 3.3 | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Depreciation and amortization | 0.1 | [4] | 0.1 | [5] | 0.1 | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Premium taxes | 0.0 | [4] | 0.0 | [5] | 0.0 | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest | 60.8 | [4] | 54.3 | [5] | 51.4 | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income before income taxes | (107.7) | [4] | (145.2) | [5] | (273.8) | [6] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total assets | 911.9 | 754.6 | 832.5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment capital expenditures | 0.0 | 0.0 | 0.0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Eliminations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total consolidated revenue | (0.1) | (1.5) | (1.3) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Less: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income before income taxes | 0.1 | 1.5 | 1.2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total assets | $ (366.3) | [10] | $ (206.0) | [11] | $ (149.8) | [12] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Financial Information - (Schedule of Reportable segment Perfomance Significant Expenses and Assets) (Parenthetical) (Details) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash balance | $ 1,387.3 | $ 1,718.1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total assets | 16,228.8 | 14,908.6 | $ 16,802.8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Eliminations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash balance | 366.3 | 206.0 | (94.8) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Dividends receivable | (10.0) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Receivable from subsidiary | (45.0) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total assets | $ (366.3) | [1] | $ (206.0) | [2] | $ (149.8) | [3] | |||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Financial Information (Schedule of Information About Revenues by Segment) (Detail) - USD ($) $ in Millions |
12 Months Ended | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
||||||||||
| Segment Reporting Information [Line Items] | ||||||||||||
| Total revenues | $ 7,452.2 | $ 6,128.1 | $ 6,003.5 | |||||||||
| Direct premiums and escrow fees | 2,762.7 | 2,446.0 | 2,252.1 | |||||||||
| Agent premiums | 2,959.4 | 2,561.9 | 2,449.3 | |||||||||
| Information and other | 1,088.2 | 960.8 | 938.5 | |||||||||
| Net investment income | 621.0 | 561.0 | 570.0 | |||||||||
| Net investment gains (losses) | (11.4) | (335.1) | (80.9) | |||||||||
| Operating Segments | ||||||||||||
| Segment Reporting Information [Line Items] | ||||||||||||
| Total revenues | 7,452.3 | [1] | 6,129.6 | [2] | 6,004.8 | [3] | ||||||
| Direct premiums and escrow fees | 2,762.7 | 2,446.0 | 2,252.1 | |||||||||
| Agent premiums | 2,959.4 | 2,561.9 | 2,449.3 | |||||||||
| Information and other | 1,088.2 | 960.8 | 938.5 | |||||||||
| Net investment income | 621.0 | 561.0 | 570.0 | |||||||||
| Net investment gains (losses) | 20.9 | (401.6) | (206.4) | |||||||||
| Operating Segments | Title Insurance and Services | ||||||||||||
| Segment Reporting Information [Line Items] | ||||||||||||
| Total revenues | 6,977.7 | [1] | 5,737.3 | [2] | 5,724.8 | [3] | ||||||
| Direct premiums and escrow fees | 2,347.5 | 2,048.3 | 1,856.4 | |||||||||
| Agent premiums | 2,959.4 | 2,561.9 | 2,449.3 | |||||||||
| Information and other | 1,050.5 | 938.2 | 917.1 | |||||||||
| Net investment income | 594.8 | 534.3 | 540.2 | |||||||||
| Net investment gains (losses) | 25.5 | (345.4) | (38.2) | |||||||||
| Operating Segments | Home Warranty | ||||||||||||
| Segment Reporting Information [Line Items] | ||||||||||||
| Total revenues | 442.9 | [1] | 425.7 | [2] | 417.2 | [3] | ||||||
| Direct premiums and escrow fees | 415.2 | 397.8 | 395.6 | |||||||||
| Agent premiums | 0.0 | 0.0 | 0.0 | |||||||||
| Information and other | 23.0 | 22.5 | 21.7 | |||||||||
| Net investment income | 5.0 | 4.0 | 5.9 | |||||||||
| Net investment gains (losses) | (0.3) | 1.4 | (6.0) | |||||||||
| Operating Segments | Corporate and Eliminations | ||||||||||||
| Segment Reporting Information [Line Items] | ||||||||||||
| Total revenues | 31.6 | (34.9) | (138.5) | |||||||||
| Direct premiums and escrow fees | 0.0 | (0.1) | 0.1 | |||||||||
| Agent premiums | 0.0 | 0.0 | 0.0 | |||||||||
| Information and other | 14.7 | 0.1 | (0.3) | |||||||||
| Net investment income | 21.2 | 22.7 | 23.9 | |||||||||
| Net investment gains (losses) | (4.3) | (57.6) | (162.2) | |||||||||
| Operating Segments | Corporate | ||||||||||||
| Segment Reporting Information [Line Items] | ||||||||||||
| Total revenues | 31.7 | [1] | (33.4) | [2] | (137.2) | [3] | ||||||
| Eliminations | ||||||||||||
| Segment Reporting Information [Line Items] | ||||||||||||
| Total revenues | $ (0.1) | $ (1.5) | $ (1.3) | |||||||||
| ||||||||||||
Segment Financial Information (Schedule of Total Revenues From External Customers And Long-Lived Assets) (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Revenues From External Customers And Long Lived Assets [Line Items] | |||
| Revenues from external customers | $ 7,452.2 | $ 6,128.1 | $ 6,003.5 |
| Domestic | Title Insurance and Services | |||
| Revenues From External Customers And Long Lived Assets [Line Items] | |||
| Revenues from external customers | 6,450.3 | 5,314.6 | 5,351.6 |
| Long-lived assets | 950.5 | 961.5 | 977.2 |
| Foreign | Title Insurance and Services | |||
| Revenues From External Customers And Long Lived Assets [Line Items] | |||
| Revenues from external customers | 527.5 | 421.4 | 372.2 |
| Long-lived assets | $ 52.5 | $ 55.5 | $ 53.0 |
Schedule I - Summary Of Investments - Other Than Investments In Related Parties (Detail) $ in Millions |
Dec. 31, 2025
USD ($)
|
|||
|---|---|---|---|---|
| Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items] | ||||
| Cost | $ 9,609.3 | |||
| Market value | 9,430.1 | |||
| Amount at which shown in the balance sheet | 9,430.0 | |||
| Short-term Investments | ||||
| Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items] | ||||
| Cost | 78.5 | |||
| Market value | 78.2 | |||
| Amount at which shown in the balance sheet | 78.5 | |||
| U.S. Treasury bonds | ||||
| Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items] | ||||
| Cost | 244.2 | |||
| Market value | 243.6 | |||
| Amount at which shown in the balance sheet | 243.6 | |||
| Municipal bonds | ||||
| Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items] | ||||
| Cost | 1,003.5 | |||
| Market value | 960.1 | |||
| Amount at which shown in the balance sheet | 960.1 | |||
| Foreign government bonds | ||||
| Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items] | ||||
| Cost | 239.4 | |||
| Market value | 235.2 | |||
| Amount at which shown in the balance sheet | 235.2 | |||
| Governmental agency bonds | ||||
| Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items] | ||||
| Cost | 268.3 | |||
| Market value | 261.0 | |||
| Amount at which shown in the balance sheet | 261.0 | |||
| Governmental agency mortgage-backed securities | ||||
| Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items] | ||||
| Cost | 5,401.9 | |||
| Market value | 5,260.8 | |||
| Amount at which shown in the balance sheet | 5,260.8 | |||
| U.S. corporate debt securities | ||||
| Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items] | ||||
| Cost | 1,032.8 | |||
| Market value | 1,034.8 | |||
| Amount at which shown in the balance sheet | 1,034.8 | |||
| Foreign corporate debt securities | ||||
| Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items] | ||||
| Cost | 466.6 | |||
| Market value | 471.2 | |||
| Amount at which shown in the balance sheet | 471.2 | |||
| Debt Securities | ||||
| Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items] | ||||
| Cost | 8,656.7 | |||
| Market value | 8,466.7 | |||
| Amount at which shown in the balance sheet | 8,466.7 | |||
| Equity Securities, Investment Summary | ||||
| Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items] | ||||
| Cost | 838.4 | [1] | ||
| Market value | 849.1 | [1] | ||
| Amount at which shown in the balance sheet | 849.1 | [1] | ||
| Notes Receivable | ||||
| Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items] | ||||
| Cost | 35.7 | |||
| Market value | 36.1 | |||
| Amount at which shown in the balance sheet | $ 35.7 | |||
| ||||
Schedule II - Condensed Balance Sheets Parent Company (Detail) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| Cash and cash equivalents | $ 1,387.3 | $ 1,718.1 | ||
| Income taxes receivable | 65.0 | 61.3 | ||
| Equity securities | 849.1 | 691.3 | ||
| Deferred income taxes | 9.4 | 43.8 | ||
| Other assets | 460.1 | 414.8 | ||
| Total assets | 16,228.8 | 14,908.6 | $ 16,802.8 | |
| LIABILITIES AND EQUITY | ||||
| Accounts payable and other accrued liabilities | 1,002.7 | 943.3 | ||
| Pension costs and other retirement plans | 444.5 | 425.2 | ||
| Income taxes payable | 42.7 | 27.0 | ||
| Deferred income taxes | 312.7 | 139.1 | ||
| Notes and contracts payable | 1,545.4 | 1,546.6 | ||
| Total liabilities | 10,704.5 | 9,981.6 | ||
| Commitments and contingencies | ||||
| Stockholders’ equity: | ||||
| Preferred stock, $0.00001 par value; Authorized—0.5 shares; Outstanding—none | 0.0 | 0.0 | ||
| Common stock, $0.00001 par value; Authorized-300.0 shares; Outstanding-102.0 shares and 103.0 shares | 0.0 | 0.0 | ||
| Additional paid-in capital | 1,744.4 | 1,787.6 | ||
| Retained earnings | 4,011.8 | 3,617.3 | ||
| Accumulated other comprehensive loss | (256.7) | (496.4) | ||
| Total stockholders’ equity | 5,499.5 | 4,908.5 | ||
| Noncontrolling interests | 24.8 | 18.5 | ||
| Total equity | 5,524.3 | 4,927.0 | $ 4,862.8 | $ 4,681.2 |
| Total liabilities and equity | 16,228.8 | 14,908.6 | ||
| Parent Company | ||||
| ASSETS | ||||
| Cash and cash equivalents | 338.9 | 196.2 | ||
| Due from subsidiaries, net | 10.2 | 7.6 | ||
| Income taxes receivable | 65.0 | 61.3 | ||
| Investment in subsidiaries | 7,224.3 | 6,529.5 | ||
| Equity securities | 6.2 | 14.6 | ||
| Deferred income taxes | 9.4 | 43.8 | ||
| Other assets | 171.4 | 162.1 | ||
| Total assets | 7,825.4 | 7,015.1 | ||
| LIABILITIES AND EQUITY | ||||
| Accounts payable and other accrued liabilities | 40.5 | 32.0 | ||
| Pension costs and other retirement plans | 367.6 | 354.4 | ||
| Income taxes payable | 42.7 | 27.0 | ||
| Deferred income taxes | 312.7 | 139.1 | ||
| Notes and contracts payable | 1,537.6 | 1,535.6 | ||
| Total liabilities | 2,301.1 | 2,088.1 | ||
| Commitments and contingencies | 0.0 | 0.0 | ||
| Stockholders’ equity: | ||||
| Preferred stock, $0.00001 par value; Authorized—0.5 shares; Outstanding—none | 0.0 | 0.0 | ||
| Common stock, $0.00001 par value; Authorized-300.0 shares; Outstanding-102.0 shares and 103.0 shares | 0.0 | 0.0 | ||
| Additional paid-in capital | 1,744.4 | 1,787.6 | ||
| Retained earnings | 4,011.8 | 3,617.3 | ||
| Accumulated other comprehensive loss | (256.7) | (496.4) | ||
| Total stockholders’ equity | 5,499.5 | 4,908.5 | ||
| Noncontrolling interests | 24.8 | 18.5 | ||
| Total equity | 5,524.3 | 4,927.0 | ||
| Total liabilities and equity | $ 7,825.4 | $ 7,015.1 |
Schedule II - Condensed Balance Sheets Parent Company (Parenthetical) (Detail) - $ / shares shares in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Condensed Balance Sheet Statements Captions [Line Items] | ||
| Preferred stock, par value | $ 0.00001 | $ 0.00001 |
| Preferred stock, shares authorized | 0.5 | 0.5 |
| Preferred stock, outstanding | 0.0 | 0.0 |
| Common stock, par value | $ 0.00001 | $ 0.00001 |
| Common stock, shares authorized | 300.0 | 300.0 |
| Common stock, shares outstanding | 102.0 | 103.0 |
| Parent Company | ||
| Condensed Balance Sheet Statements Captions [Line Items] | ||
| Preferred stock, par value | $ 0.00001 | $ 0.00001 |
| Preferred stock, shares authorized | 0.5 | 0.5 |
| Preferred stock, outstanding | 0.0 | 0.0 |
| Common stock, par value | $ 0.00001 | $ 0.00001 |
| Common stock, shares authorized | 300.0 | 300.0 |
| Common stock, shares outstanding | 102.0 | 103.0 |
Schedule II - Condensed Statements of Income Parent Company (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Revenues: | |||
| Information and other | $ 1,088.2 | $ 960.8 | $ 938.5 |
| Net investment (losses) gains | (11.4) | (335.1) | (80.9) |
| Total revenues | 7,452.2 | 6,128.1 | 6,003.5 |
| Expenses: | |||
| Income taxes | 201.0 | 32.8 | 58.9 |
| Net income | 625.2 | 132.6 | 215.5 |
| Less: Net income (loss) attributable to noncontrolling interests | 3.4 | 1.5 | (1.3) |
| Net income attributable to the Company | 621.8 | 131.1 | 216.8 |
| Parent Company | |||
| Revenues: | |||
| Information and other | 14.8 | 0.0 | 0.0 |
| Dividends from subsidiaries | 585.9 | 172.5 | 411.3 |
| Other income | 17.9 | 20.2 | 22.5 |
| Net investment (losses) gains | (6.4) | (37.9) | 12.5 |
| Total revenues | 612.2 | 154.8 | 446.3 |
| Expenses: | |||
| Other expenses | 111.1 | 88.6 | 97.8 |
| Income before income taxes and equity in undistributed earnings of subsidiaries | 501.1 | 66.2 | 348.5 |
| Income taxes | 121.9 | 13.2 | 74.8 |
| Equity in undistributed earnings (losses) of subsidiaries | 246.0 | 79.6 | (58.2) |
| Net income | 625.2 | 132.6 | 215.5 |
| Less: Net income (loss) attributable to noncontrolling interests | 3.4 | 1.5 | (1.3) |
| Net income attributable to the Company | $ 621.8 | $ 131.1 | $ 216.8 |
Schedule II - Condensed Statements of Comprehensive Income Parent Company (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Condensed Statement Of Income Captions [Line Items] | |||
| Net income | $ 625.2 | $ 132.6 | $ 215.5 |
| Other comprehensive income (loss), net of tax: | |||
| Change in unrealized losses on debt securities | 206.1 | 199.9 | 198.0 |
| Change in foreign currency translation adjustment | 34.7 | (46.1) | 17.2 |
| Change in pension benefit adjustment | (1.1) | 5.6 | (2.1) |
| Total other comprehensive income, net of tax | 239.7 | 159.4 | 213.1 |
| Comprehensive income | 864.9 | 292.0 | 428.6 |
| Less: Comprehensive income (loss) attributable to noncontrolling interests | 3.4 | 1.5 | (1.3) |
| Comprehensive income attributable to the Company | 861.5 | 290.5 | 429.9 |
| Parent Company | |||
| Condensed Statement Of Income Captions [Line Items] | |||
| Net income | 625.2 | 132.6 | 215.5 |
| Other comprehensive income (loss), net of tax: | |||
| Change in unrealized losses on debt securities | 206.1 | 199.9 | 198.0 |
| Change in foreign currency translation adjustment | 34.7 | (46.1) | 17.2 |
| Change in pension benefit adjustment | (1.1) | 5.6 | (2.1) |
| Total other comprehensive income, net of tax | 239.7 | 159.4 | 213.1 |
| Comprehensive income | 864.9 | 292.0 | 428.6 |
| Less: Comprehensive income (loss) attributable to noncontrolling interests | 3.4 | 1.5 | (1.3) |
| Comprehensive income attributable to the Company | $ 861.5 | $ 290.5 | $ 429.9 |
Schedule II - Condensed Statements of Cash Flows Parent Company (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Cash provided by operating activities | $ 950.8 | $ 897.5 | $ 354.3 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Acquisitions/dispositions, net of cash acquired/divested | (2.5) | (16.4) | (24.7) |
| Purchases of equity securities | (115.2) | (44.7) | (170.7) |
| Proceeds from insurance settlement | 2.8 | 4.0 | 2.2 |
| Cash (used for) provided by investing activities | (1,455.9) | (458.7) | 599.5 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Net proceeds from issuance of unsecured senior notes | 0.0 | 444.0 | 0.0 |
| Repayment of senior unsecured notes | 0.0 | (300.0) | (250.0) |
| Net activity related to noncontrolling interests | (3.2) | 2.5 | (7.1) |
| Net proceeds in connection with share-based compensation | 7.0 | 6.9 | 0.4 |
| Repurchases of Company shares | (122.3) | (68.5) | (72.7) |
| Payments of cash dividends | (223.0) | (220.7) | (216.6) |
| Cash provided by (used for) financing activities | 161.2 | (2,309.4) | 1,423.1 |
| Net increase (decrease) in cash and cash equivalents | (330.8) | (1,887.2) | 2,381.8 |
| Cash and cash equivalents—Beginning of year | 1,718.1 | 3,605.3 | 1,223.5 |
| Cash and cash equivalents—End of year | 1,387.3 | 1,718.1 | 3,605.3 |
| Parent Company | |||
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Cash provided by operating activities | 631.9 | 221.8 | 309.0 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Acquisitions/dispositions, net of cash acquired/divested | 0.0 | 0.0 | (2.5) |
| Net payments to subsidiaries | (150.9) | (70.8) | (160.8) |
| Purchases of equity securities | 0.0 | 0.0 | (25.0) |
| Proceeds from insurance settlement | 0.0 | 4.0 | 0.0 |
| Cash (used for) provided by investing activities | (150.9) | (66.8) | (188.3) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Net proceeds from issuance of unsecured senior notes | 0.0 | 444.0 | 0.0 |
| Repayment of senior unsecured notes | 0.0 | (300.0) | (250.0) |
| Net activity related to noncontrolling interests | 0.0 | 0.2 | 0.3 |
| Net proceeds in connection with share-based compensation | 7.0 | 6.9 | 0.4 |
| Repurchases of Company shares | (122.3) | (68.5) | (72.7) |
| Payments of cash dividends | (223.0) | (220.7) | (216.6) |
| Cash provided by (used for) financing activities | (338.3) | (138.1) | (538.6) |
| Net increase (decrease) in cash and cash equivalents | 142.7 | 16.9 | (417.9) |
| Cash and cash equivalents—Beginning of year | 196.2 | 179.3 | 597.2 |
| Cash and cash equivalents—End of year | $ 338.9 | $ 196.2 | $ 179.3 |
Schedule II - Notes to Condensed Financial Statements Parent Company (Detail) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Condensed Financial Information Disclosure [Abstract] | |||
| Cash dividends received from subsidiaries | $ 581.7 | $ 148.3 | $ 355.6 |
Schedule III - Balance Sheet Captions (Detail) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Supplementary Insurance Information By Segment [Line Items] | ||
| Deferred policy acquisition costs | $ 26.3 | $ 21.7 |
| Claims reserves | 1,169.6 | 1,193.4 |
| Deferred revenues | 214.0 | 210.4 |
| Title Insurance and Services | ||
| Supplementary Insurance Information By Segment [Line Items] | ||
| Deferred policy acquisition costs | 0.0 | 0.0 |
| Claims reserves | 1,150.5 | 1,164.7 |
| Deferred revenues | 3.7 | 4.0 |
| Home Warranty | ||
| Supplementary Insurance Information By Segment [Line Items] | ||
| Deferred policy acquisition costs | 26.3 | 21.7 |
| Claims reserves | 13.5 | 15.4 |
| Deferred revenues | 210.3 | 206.4 |
| Corporate and Eliminations | ||
| Supplementary Insurance Information By Segment [Line Items] | ||
| Deferred policy acquisition costs | 0.0 | 0.0 |
| Claims reserves | 5.6 | 13.3 |
| Deferred revenues | $ 0.0 | $ 0.0 |
Schedule III - Income Statement Captions (Detail) - USD ($) $ in Millions |
12 Months Ended | ||||
|---|---|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|||
| Supplementary Insurance Information By Segment [Line Items] | |||||
| Premiums and escrow fees | $ 5,722.1 | $ 5,007.9 | $ 4,701.4 | ||
| Net investment income (1) | [1] | 641.9 | 159.4 | 363.6 | |
| Loss provision | 326.6 | 320.0 | 336.3 | ||
| Amortization of deferred policy acquisition costs (credits) | (4.6) | (1.4) | (0.2) | ||
| Other operating expenses | 1,210.6 | 1,113.4 | 1,067.0 | ||
| Premiums written | 419.0 | 411.3 | 398.4 | ||
| Operating Segments | Title Insurance and Services | |||||
| Supplementary Insurance Information By Segment [Line Items] | |||||
| Premiums and escrow fees | 5,306.9 | 4,610.2 | 4,305.7 | ||
| Net investment income (1) | [1] | 620.3 | 188.9 | 502.0 | |
| Loss provision | 159.2 | 138.3 | 139.9 | ||
| Amortization of deferred policy acquisition costs (credits) | 0.0 | 0.0 | 0.0 | ||
| Other operating expenses | 1,081.7 | 992.5 | 937.7 | ||
| Premiums written | 0.0 | 0.0 | 0.0 | ||
| Operating Segments | Home Warranty | |||||
| Supplementary Insurance Information By Segment [Line Items] | |||||
| Premiums and escrow fees | 415.2 | 397.8 | 395.6 | ||
| Net investment income (1) | [1] | 4.7 | 5.4 | (0.1) | |
| Loss provision | 171.9 | 184.4 | 193.1 | ||
| Amortization of deferred policy acquisition costs (credits) | (4.6) | (1.4) | (0.2) | ||
| Other operating expenses | 90.4 | 86.0 | 82.8 | ||
| Premiums written | 419.0 | 411.3 | 398.4 | ||
| Operating Segments | Corporate and Eliminations | |||||
| Supplementary Insurance Information By Segment [Line Items] | |||||
| Premiums and escrow fees | 0.0 | (0.1) | 0.1 | ||
| Net investment income (1) | [1] | 16.9 | (34.9) | (138.3) | |
| Loss provision | (4.5) | (2.7) | 3.3 | ||
| Amortization of deferred policy acquisition costs (credits) | 0.0 | 0.0 | 0.0 | ||
| Other operating expenses | 38.5 | 34.9 | 46.5 | ||
| Premiums written | $ (0.0) | $ 0.0 | $ 0.0 | ||
| |||||
Schedule IV - Reinsurance (Detail) - Title Insurance and Services - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Reinsurance Premiums For Insurance Companies By Product Segment [Line Items] | |||
| Premiums and escrow fees before reinsurance | $ 5,326.6 | $ 4,629.5 | $ 4,321.2 |
| Ceded to other companies | 20.6 | 21.1 | 17.6 |
| Assumed from other companies | 0.9 | 1.8 | 2.1 |
| Premiums and escrow fees | $ 5,306.9 | $ 4,610.2 | $ 4,305.7 |
| Percentage of amount assumed to premiums and escrow fees | 0.00% | 0.00% | 0.00% |
Schedule V - Valuation And Qualifying Accounts (Detail) - USD ($) $ in Millions |
12 Months Ended | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
||||||||||||||||
| Reserve Deducted From Accounts Receivable | ||||||||||||||||||
| Valuation And Qualifying Accounts Disclosure [Line Items] | ||||||||||||||||||
| Balance at beginning of period | $ 21.5 | $ 21.8 | $ 21.3 | |||||||||||||||
| Additions Charged to costs and expenses | 9.5 | 8.7 | 8.1 | |||||||||||||||
| Additions Charged to other accounts | 0.0 | 0.0 | 0.0 | |||||||||||||||
| Deductions from reserve | 7.1 | [1] | 9.0 | [2] | 7.6 | [3] | ||||||||||||
| Balance at end of period | 23.9 | 21.5 | 21.8 | |||||||||||||||
| Reserve For Known And Incurred But Not Reported Claims | ||||||||||||||||||
| Valuation And Qualifying Accounts Disclosure [Line Items] | ||||||||||||||||||
| Balance at beginning of period | 1,193.4 | 1,282.4 | 1,325.3 | |||||||||||||||
| Additions Charged to costs and expenses | 326.6 | 320.0 | 336.3 | |||||||||||||||
| Additions Charged to other accounts | 8.0 | (11.2) | 2.6 | |||||||||||||||
| Deductions from reserve | 358.4 | [4] | 397.8 | [5] | 381.8 | [6] | ||||||||||||
| Balance at end of period | 1,169.6 | 1,193.4 | 1,282.4 | |||||||||||||||
| Reserve deducted from notes receivable | ||||||||||||||||||
| Valuation And Qualifying Accounts Disclosure [Line Items] | ||||||||||||||||||
| Balance at beginning of period | 2.0 | 0.3 | 6.8 | |||||||||||||||
| Additions Charged to costs and expenses | 0.0 | 1.7 | 0.0 | |||||||||||||||
| Additions Charged to other accounts | 0.0 | 0.0 | 0.0 | |||||||||||||||
| Deductions from reserve | 0.0 | 0.0 | 6.5 | |||||||||||||||
| Balance at end of period | 2.0 | 2.0 | 0.3 | |||||||||||||||
| Reserve Deducted From Deferred Income Taxes | ||||||||||||||||||
| Valuation And Qualifying Accounts Disclosure [Line Items] | ||||||||||||||||||
| Balance at beginning of period | 27.9 | 13.7 | 7.4 | |||||||||||||||
| Additions Charged to costs and expenses | 2.4 | 15.6 | 7.6 | |||||||||||||||
| Additions Charged to other accounts | 0.0 | 0.0 | 0.0 | |||||||||||||||
| Deductions from reserve | 0.9 | 1.4 | 1.3 | |||||||||||||||
| Balance at end of period | $ 29.4 | $ 27.9 | $ 13.7 | |||||||||||||||
| ||||||||||||||||||