v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Net premium written $ 2,101 $ 1,998 $ 3,679 $ 3,386
Total revenues 4,455 4,060 8,271 6,782
Cost of revenues:        
Underwriting expenses 87 43 144 99
Provision for title claim losses 46 85 101 102
Search and other fees 40 29 68 56
Total cost of revenues 173 157 313 257
Gross underwriting profits and management fee income 4,282 3,903 7,958 6,525
Operating expenses:        
Personnel expenses (2,117) (2,101) (4,172) (4,094)
Other general and administrative expenses (1,175) (1,220) (2,380) (2,398)
Total operating expenses (3,292) (3,321) (6,552) (6,492)
Other income/expenses:        
Net investment income 159 124 294 156
Other income, net 1 2 8 35
Income from investments in related parties, net 203 240 444 444
Income from operations before income taxes 1,353 948 2,152 668
Income tax expense (benefit) 397 0 652 (5)
Net income 956 948 1,500 673
Net income attributable to noncontrolling interests 92 63 105 45
Net income attributable to the Company's shareholders $ 864 $ 885 $ 1,395 $ 628
Basic and diluted per share net income attributable to the Company's shareholders:        
Basic (in dollars per share) $ 0.17 $ 0.35 $ 0.27 $ 0.24
Diluted (in dollars per share) $ 0.17 $ 0.35 $ 0.27 $ 0.24
Weighted average shares outstanding:        
Basic (in shares) 5,047 2,517 5,077 2,665
Diluted (in shares) 5,047 2,517 5,077 2,665
Escrow and Other Title Fees [Member]        
Revenues:        
Revenue from contract with customer $ 854 $ 812 $ 1,592 $ 1,396
Management Service [Member]        
Revenues:        
Revenue from contract with customer $ 1,500 $ 1,250 $ 3,000 $ 2,000