Note 8 - Segment Information

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

8. Segment Information

The Company has two reportable segments, title insurance services and real estate. The remaining immaterial segments have been combined into a group called “Corporate and Other.” The title insurance segment issues title insurance policies, which insures titles to real estate, and provides title agency services for residential and commercial real estate transactions. The real estate segment, through an affiliate investment in HC Realty, owns and operates a portfolio of single-tenant properties leased entirely to the United States of America for occupancy by federal agencies.

Provided below is selected financial information about the Company’s operations by segment for the three months ending March 31, 2022 (in thousands):

	Title Insurance			Real Estate Related		Corporate and Other			Total
Insurance and other services revenue	$	1,481		$	-	$	-		$	1,481
Cost of revenues		(80	)		-		-			(80	)
Gross profit	$	1,401		$	-	$	-		$	1,401
Operating expenses		(1,857	)		-		(285	)		(2,142	)
Other income and expenses		1			163		-			164
Income (loss) before income taxes	$	(455	)	$	163	$	(285	)	$	(577	)
Total assets	$	26,104		$	11,316	$	6,735		$	44,155

Provided below is selected financial information about the Company’s operations by segment for the three months ending March 31, 2021 (in thousands):

	Title Insurance		Real Estate Related		Corporate and Other			Total
Insurance and other services revenue	$	-	$	-	$	-		$	-
Cost of revenues		-		-		-			-
Gross profit	$	-	$	-	$	-		$	-
Operating expenses		-		-		(340	)		(340	)
Other income and expenses		-		140		12			152
Income (loss) before income taxes	$	-	$	140	$	(328	)	$	(188	)
Total assets	$	-	$	11,915	$	15,065		$	26,980