Note 9 - Segment Information

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

9. Segment Information

The Company has four reportable segments: title insurance, real estate, reinsurance, and management advisory services. The remaining immaterial segments have been combined into a group called “Corporate and Other.” See Note 1, Basis of Presentation and Nature of Operations for a description of the Company’s segments.

Provided below is selected financial information about the Company’s operations by segment for the three months ended March 31, 2024 (in thousands):

								Management
	Title			Real				Advisory			Corporate
	Insurance			Estate		Reinsurance		Services			and Other			Total
Insurance and other services revenue	$	1,946		$	-	$	-	$	753		$	-		$	2,699
Cost of revenues		(118	)		-		-		-			-			(118	)
Gross profit	$	1,828		$	-	$	-	$	753		$	-		$	2,581
Operating expenses		(2,391	)		-		-		(120	)		(570	)		(3,081	)
Other net income		68			230		-		-			263			561
(Loss) income before income taxes	$	(495	)	$	230	$	-	$	633		$	(307	)	$	61
Goodwill and intangible assets, net (1)	$	6,741		$	-	$	-	$	-		$	-		$	6,741

(1) The Company does not allocate its assets by segment, with the exception of Goodwill and Intangible assets.

Provided below is selected financial information about the Company’s operations by segment for the three months ended  March 31, 2023 (in thousands):

								Management
	Title			Real				Advisory		Corporate
	Insurance			Estate		Reinsurance		Services		and Other			Total
Insurance and other services revenue	$	1,938		$	-	$	-	$	3	$	-		$	1,941
Cost of revenues		(206	)		-		-		-		-			(206	)
Gross profit	$	1,732		$	-	$	-	$	3	$	-		$	1,735
Operating expenses		(2,428	)		-		-		-		(382	)		(2,810	)
Other net income		45			135		-		-		66			246
(Loss) income before income taxes	$	(651	)	$	135	$	-	$	3	$	(316	)	$	(829	)
Goodwill and intangible assets, net (1)	$	6,815		$	-	$	-	$	-	$	-		$	6,815

(1) The Company does not allocate its assets by segment, with the exception of Goodwill and Intangible assets.