XML 45 R36.htm IDEA: XBRL DOCUMENT v3.22.0.1
Revenue recognition (Tables)
12 Months Ended
Dec. 31, 2021
Revenue from Contract with Customer [Abstract]  
Summary of Revenue
Our revenue consists of:
Year ended December 31,
202120202019
Revenue StreamStatements of Operations ClassificationSegmentTotal Revenue
Revenue from insurance contracts:
Direct Agents title insurance premiumsNet premiums writtenUnderwriting$119,236 $81,420 $78,666 
Direct Agents title insurance premiumsNet premiums writtenElimination(976)— — 
Third-Party Agent title insurance premiumsNet premiums writtenUnderwriting357,092 264,188 214,041 
Total revenue from insurance contracts$475,352 $345,608 $292,707 
Revenue from contracts with customers:
Escrow feesEscrow, title-related and other feesDistribution$61,005 $41,438 $39,062 
Other title-related fees and incomeEscrow, title-related and other feesDistribution116,064 88,152 90,570 
Other title-related fees and incomeEscrow, title-related and other feesUnderwriting3,520 2,099 873 
Other title-related fees and incomeEscrow, title-related and other fees
Elimination(1)
(101,004)(70,414)(68,488)
Total revenue from contracts with customers$79,585 $61,275 $62,017 
Other revenue:
Interest and investment income (2)
Investment, dividend and other incomeDistribution$230 $325 $1,026 
Interest and investment income (2)
Investment, dividend and other incomeUnderwriting1,952 2,086 2,411 
Realized gains and losses, netInvestment, dividend and other incomeDistribution(25)374 (70)
Realized gains and losses, netInvestment, dividend and other incomeUnderwriting949 146 (6)
Total other revenues$3,106 $2,931 $3,361 
Total revenues$558,043 $409,814 $358,085 
_________________
(1)Premiums retained by Direct Agents are recognized as income to the Distribution segment, and expense to the Underwriting segment. Upon consolidation, the impact of these internal segment transactions is eliminated. See Note 7. Segment information for additional breakdown.
(2)Interest and investment income consists primarily of interest payments received on held-to-maturity debt securities, available-for-sale debt securities and mortgage loans.