v3.26.1
Segment Information
 3 Months Ended
Mar. 31, 2026
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 March 31, 2026 and 2025:

Three Months Ended
March 31, 2026 (in thousands)		Title
Insurance		Exchange
Services		All
Other		Intersegment EliminationsTotal
Insurance and other services revenues$58,990 $2,322 $2,746 $(3,521)$60,537 
Net investment income2,527 28 921 — 3,476 
Total revenues61,517 2,350 3,667 (3,521)64,013 
Commissions to agents30,173 — — (2,721)27,452 
Provision for claims472 — — — 472 
Personnel expenses16,371 616 2,039 — 19,026 
Other8,784 119 1,090 (645)9,348 
Operating expenses55,800 735 3,129 (3,366)56,298 
Income before income taxes$5,717 $1,615 $538 $(155)$7,715 
Total assets$259,414 $4,592 $97,538 $— $361,544 
Three Months Ended
March 31, 2025 (in thousands)		Title
Insurance		Exchange
Services		All
Other		Intersegment EliminationsTotal
Insurance and other services revenues$53,782 $2,992 $2,026 $(3,805)$54,995 
Net investment income840 44 686 — 1,570 
Total revenues54,622 3,036 2,712 (3,805)56,565 
Commissions to agents27,678 — — (2,821)24,857 
Provision for claims323 — — — 323 
Personnel expenses16,096 626 1,612 — 18,334 
Other8,778 99 951 (830)8,998 
Operating expenses52,875 725 2,563 (3,651)52,512 
Income before income taxes$1,747 $2,311 $149 $(154)$4,053 
Total assets$229,206 $7,313 $97,262 $— $333,781