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Property and Equipment
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment
5.
Property and Equipment

Property and equipment consist of the following:

 

 

December 31,

 

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

Land and office building

 

$

9,039

 

 

$

8,176

 

Furniture and equipment

 

 

6,202

 

 

 

5,890

 

Software

 

 

8,584

 

 

 

9,333

 

Automobiles

 

 

74

 

 

 

74

 

Finance lease right-of-use assets

 

 

462

 

 

 

461

 

Total original cost

 

 

24,361

 

 

 

23,934

 

Accumulated depreciation and amortization

 

 

(18,474

)

 

 

(17,585

)

Property and equipment, net

 

$

5,887

 

 

$

6,349

 

 

Accumulated depreciation and amortization includes $0.4 million and $0.3 million that is related to equipment held under finance leases at December 31, 2024 and 2023, respectively, and is included in the underwriting and certain other operating costs line item on the income statement. The lease liabilities related to these properties are included in accounts payable and other liabilities.