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Segment Information
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company has two reportable segments, title insurance and exchange services. The remaining immaterial segments have been combined into a group called “All Other.” The Company’s chief operating decision makers (“CODMs”) are the Chief Executive Officer; President, Chief Financial Officer, Chief Accounting Officer, and Treasurer; and Executive Vice President and Secretary. The CODMs use financial metrics such as consolidated operating margin and net income to assess financial performance and to make key operating decisions, such as resource allocation and the rate at which the Company invests in growth opportunities.

The title insurance segment primarily issues title insurance policies through approved attorneys from underwriting offices and through independent issuing agents. Title insurance policies insure titles to real estate.

The exchange services segment acts as an intermediary in tax-deferred exchanges of property held for productive use in a trade or business or for investments and serves as exchange accommodation titleholder, holding property for exchangers in reverse exchange transactions.

Provided below is selected financial information about the Company's operations by segment for the periods ended June 30, 2025 and 2024:

Three Months Ended
June 30, 2025 (in thousands)
Title
Insurance
Exchange
Services
All
Other
Intersegment EliminationsTotal
Insurance and other services revenues$66,682 $3,448 $2,727 $(4,282)$68,575 
Net investment income3,966 85 1,023  5,074 
Total revenues70,648 3,533 3,750 (4,282)73,649 
Commissions to agents32,061   (2,984)29,077 
Provision for claims2,080    2,080 
Personnel expenses15,011 596 1,853  17,460 
Other8,731 97 1,550 (1,144)9,234 
Operating expenses57,883 693 3,403 (4,128)57,851 
Income before income taxes$12,765 $2,840 $347 $(154)$15,798 
Total assets$236,262 $9,081 $100,481 $ $345,824 
Three Months Ended
June 30, 2024 (in thousands)
Title
Insurance
Exchange
Services
All
Other
Intersegment EliminationsTotal
Insurance and other services revenues$60,767 $2,706 $1,994 $(4,785)$60,682 
Net investment income3,342 97 1,261 — 4,700 
Total revenues64,109 2,803 3,255 (4,785)65,382 
Commissions to agents30,335 — — (3,785)26,550 
Provision for claims905 — — — 905 
Personnel expenses16,116 606 1,432 — 18,154 
Other8,439 86 827 (846)8,506 
Operating expenses55,795 692 2,259 (4,631)54,115 
Income before income taxes$8,314 $2,111 $996 $(154)$11,267 
Total assets$223,317 $8,786 $108,229 $— $340,332 
Six Months Ended
June 30, 2025 (in thousands)
Title
Insurance
Exchange
Services
All
Other
Intersegment EliminationsTotal
Insurance and other services revenues$120,464 $6,440 $4,753 $(8,087)$123,570 
Net investment income4,806 129 1,709  6,644 
Total revenues125,270 6,569 6,462 (8,087)130,214 
Commissions to agents59,739   (5,805)53,934 
Provision for claims2,403    2,403 
Personnel expenses31,107 1,222 3,465  35,794 
Other17,509 196 2,501 (1,974)18,232 
Operating expenses110,758 1,418 5,966 (7,779)110,363 
Income before income taxes$14,512 $5,151 $496 $(308)$19,851 
Total assets$236,262 $9,081 $100,481 $ $345,824 
Six Months Ended
June 30, 2024 (in thousands)
Title
Insurance
Exchange
Services
All
Other
Intersegment EliminationsTotal
Insurance and other services revenues$108,495 $5,486 $3,904 $(8,797)$109,088 
Net investment income6,994 165 2,594 — 9,753 
Total revenues115,489 5,651 6,498 (8,797)118,841 
Commissions to agents53,166 — — (6,746)46,420 
Provision for claims1,815 — — — 1,815 
Personnel expenses32,639 1,199 2,898 — 36,736 
Other16,735 163 1,633 (1,725)16,806 
Operating expenses104,355 1,362 4,531 (8,471)101,777 
Income before income taxes$11,134 $4,289 $1,967 $(326)$17,064 
Total assets$223,317 $8,786 $108,229 $— $340,332