v3.25.2
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Net premiums written $ 1,998 $ 1,670 $ 3,386 $ 3,074
Total revenues 4,060 3,124 6,782 5,823
Cost of revenues:        
Underwriting expenses 43 52 99 123
Provision for title claim losses 85 18 102 54
Search and other fees 29 24 56 35
Total cost of revenues 157 94 257 212
Gross underwriting profit 3,903 3,030 6,525 5,611
Operating expenses:        
General and administrative expenses (3,321) (3,150) (6,492) (6,231)
Other income/expenses:        
Net investment income 124 138 156 561
Other income, net 2 13 35 15
Income (loss) from investments in related parties, net 240 (200) 444 (65)
Income (loss) from operations before income taxes 948 (169) 668 (109)
Income tax expense (benefit) 0 49 (5) 117
Net loss 948 (218) 673 (226)
Net income attributable to noncontrolling interests 63 40 45 13
Net income (loss) attributable to the Company's shareholders $ 885 $ (258) $ 628 $ (239)
Basic and diluted per share net income (loss) attributable to the Company's shareholders:        
Basic (in dollars per share) $ 0.35 $ (0.09) $ 0.24 $ (0.08)
Diluted (in dollars per share) $ 0.35 $ (0.09) $ 0.24 $ (0.08)
Weighted average shares outstanding:        
Basic (in shares) 2,517 2,845 2,665 2,853
Diluted (in shares) 2,517 2,845 2,665 2,853
Escrow and Other Title Fees [Member]        
Revenues:        
Revenue from contract with customer $ 812 $ 704 $ 1,396 $ 1,246
Management Service [Member]        
Revenues:        
Revenue from contract with customer $ 1,250 $ 750 $ 2,000 $ 1,503