Note 9 - Segment Information

9 Months Ended

Sep. 30, 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 September 30, 2024 (in thousands):

									Management
	Title			Real					Advisory			Corporate
	Insurance			Estate			Reinsurance		Services			and Other			Total
Insurance and other services revenue	$	2,318		$	-		$	-	$	750		$	-		$	3,068
Cost of revenues		(99	)		-			-		-			-			(99	)
Gross profit	$	2,219		$	-		$	-	$	750		$	-		$	2,969
Operating expenses		(2,671	)		-			-		(142	)		(439	)		(3,252	)
Other income and expenses		72			(2	)		-		-			321			391
(Loss) income before income taxes	$	(380	)	$	(2	)	$	-	$	608		$	(118	)	$	108
Goodwill and intangible assets, net (1)	$	6,703		$	-		$	-	$	-		$	-		$	6,703

(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  September 30, 2023 (in thousands):

								Management
	Title			Real				Advisory			Corporate
	Insurance			Estate		Reinsurance		Services			and Other			Total
Insurance and other services revenue	$	2,202		$	-	$	-	$	747		$	-		$	2,949
Cost of revenues		(111	)		-		-		-			-			(111	)
Gross profit	$	2,091		$	-	$	-	$	747		$	-		$	2,838
Operating expenses		(2,678	)		-		-		(313	)		(95	)		(3,086	)
Other income and expenses		74			110		-		-			302			486
(Loss) income before income taxes	$	(513	)	$	110	$	-	$	434		$	207		$	238
Goodwill and intangible assets, net (1)	$	6,778		$	-	$	-	$	-		$	-		$	6,778

(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 nine months ended September 30, 2024 (in thousands):

									Management
	Title			Real					Advisory			Corporate
	Insurance			Estate			Reinsurance		Services			and Other			Total
Insurance and other services revenue	$	6,638		$	-		$	-	$	2,253		$	-		$	8,891
Cost of revenues		(311	)		-			-		-			-			(311	)
Gross profit	$	6,327		$	-		$	-	$	2,253		$	-		$	8,580
Operating expenses		(7,573	)		-			-		(356	)		(1,553	)		(9,482	)
Other income and expenses		197			(11	)		-		-			717			903
(Loss) income before income taxes	$	(1,049	)	$	(11	)	$	-	$	1,897		$	(836	)	$	1
Goodwill and intangible assets, net (1)	$	6,703		$	-		$	-	$	-		$	-		$	6,703

(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 nine months ended  September 30, 2023 (in thousands):

								Management
	Title			Real				Advisory			Corporate
	Insurance			Estate		Reinsurance		Services			and Other			Total
Insurance and other services revenue	$	6,791		$	-	$	300	$	1,503		$	-		$	8,594
Cost of revenues		(491	)		-		-		-			-			(491	)
Gross profit	$	6,300		$	-	$	300	$	1,503		$	-		$	8,103
Operating expenses		(8,162	)		-		-		(732	)		(905	)		(9,799	)
Other income and expenses		179			579		-		-			432			1,190
(Loss) income before income taxes	$	(1,683	)	$	579	$	300	$	771		$	(473	)	$	(506	)
Goodwill and intangible assets, net (1)	$	6,778		$	-	$	-	$	-		$	-		$	6,778

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