XML 23 R13.htm IDEA: XBRL DOCUMENT v3.21.1
Segment Information
3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company has one reportable segment, title insurance services. The remaining immaterial segments have been combined into a group called “All Other.”

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.

Provided below is selected financial information about the Company's operations by segment for the periods ended March 31, 2021 and 2020:

Three Months Ended
March 31, 2021 (in thousands)
Title InsuranceAll OtherIntersegment EliminationsTotal
Insurance and other services revenues$66,521 $2,338 $(2,298)$66,561 
Investment income4,396 800  5,196 
Net realized gain on investments232 89  321 
Total revenues
$71,149 $3,227 $(2,298)$72,078 
Operating expenses54,530 2,385 (2,152)54,763 
Income before income taxes$16,619 $842 $(146)$17,315 
Total assets
$237,082 $58,458 $ $295,540 

Three Months Ended
March 31, 2020 (in thousands)
Title InsuranceAll OtherIntersegment EliminationsTotal
Insurance and other services revenues$41,853 $2,805 $(1,504)$43,154 
Investment loss(11,460)(1,381)— (12,841)
Net realized gain (loss) on investments63 (475)— (412)
Total revenues
$30,456 $949 $(1,504)$29,901 
Operating expenses37,443 2,345 (1,358)38,430 
Loss before income taxes$(6,987)$(1,396)$(146)$(8,529)
Total assets
$187,236 $66,882 $— $254,118