v3.26.1
Intangible Assets, Goodwill and Title Plants
 3 Months Ended
Mar. 31, 2026
Business Combination [Abstract]  
Intangible Assets, Goodwill and Title Plants Intangible Assets, Goodwill and Title Plants
Intangible Assets

The estimated fair values of intangible assets recognized as the result of title insurance agency acquisitions are all Level 3 inputs. Management determined that no events or changes in circumstances occurred during the three-month periods ended March 31, 2026 and 2025 that would indicate the carrying amounts may not be recoverable, and therefore, determined that no identifiable intangible assets were impaired.

Identifiable intangible assets consist of the following:
(in thousands)As of
March 31, 2026		As of
December 31, 2025
Referral relationships$14,589 $14,589 
Non-compete agreements1,827 1,827 
Tradename1,177 1,177 
Total
17,593 17,593 
Accumulated amortization(6,227)(5,946)
Identifiable intangible assets, net
$11,366 $11,647 

The following table provides the estimated aggregate amortization expense, as of March 31, 2026, for each of the five succeeding fiscal years:
Year Ended (in thousands)
2026$843 
20271,078 
20281,075 
20291,075 
20301,075 
Thereafter6,033 
Total
$11,179 

Goodwill and Title Plants

As of March 31, 2026, the Company recognized $9.5 million in goodwill and $1.6 million in title plants, net of impairments, as the result of title insurance agency acquisitions.  The title plants are included with other assets in the unaudited Consolidated Balance Sheets. In accordance with FASB's ASC 350, the Company determined that no events or changes in circumstances occurred during the three-month periods ended March 31, 2026 and 2025 that would indicate the carrying amounts may not be recoverable, and therefore, determined that there were no goodwill or title plant impairments.