v3.26.1
Intangible Assets, Goodwill and Title Plants
 6 Months Ended
Jun. 30, 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 six-month periods ended June 30, 2026 and 2025 that would indicate the carrying amounts may not be recoverable, and therefore, determined that no identifiable intangible assets were impaired. During the six-month period ended June 30, 2026, a subsidiary of the Company acquired a title insurance agency operating in Florida.

Identifiable intangible assets consist of the following:
(in thousands)As of
June 30, 2026		As of
December 31, 2025
Referral relationships$14,907 $14,589 
Non-compete agreements1,966 1,827 
Tradename1,189 1,177 
Total
18,062 17,593 
Accumulated amortization(6,516)(5,946)
Identifiable intangible assets, net
$11,546 $11,647 

The following table sets forth the estimated aggregate amortization expense, as of June 30, 2026, for each of the five succeeding fiscal years and thereafter, noting that the amounts presented in the tables above and below are not directly comparable due to the impact of unamortized assets:
Year Ended (in thousands)
2026$588 
20271,132 
20281,128 
20291,125 
20301,124 
Thereafter6,262 
Total
$11,359 

Goodwill and Title Plants

As of June 30, 2026, the Company recognized $9.8 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 six-month periods ended June 30, 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.