XML 23 R13.htm IDEA: XBRL DOCUMENT v3.21.2
Segment Information
6 Months Ended
Jun. 30, 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 June 30, 2021 and 2020:
Three Months Ended
June 30, 2021 (in thousands)
Title
Insurance
All
Other
Intersegment
Eliminations
Total
Insurance and other services revenues$74,599 $6,655 $(3,685)$77,569 
Investment income6,504 706  7,210 
Net realized gain on investments161 21  182 
Total revenues
$81,264 $7,382 $(3,685)$84,961 
Operating expenses60,521 2,686 (3,534)59,673 
Income before income taxes
$20,743 $4,696 $(151)$25,288 
Total assets
$239,572 $77,367 $ $316,939 

Three Months Ended
June 30, 2020 (in thousands)
Title
Insurance
All
Other
Intersegment
Eliminations
Total
Insurance and other services revenues$51,158 $2,168 $(1,734)$51,592 
Investment income 8,358 1,245 — 9,603 
Net realized gain on investments527 26 — 553 
Total revenues
$60,043 $3,439 $(1,734)$61,748 
Operating expenses43,074 2,340 (1,588)43,826 
Income before income taxes
$16,969 $1,099 $(146)$17,922 
Total assets
$204,523 $75,385 $— $279,908 
Six Months Ended
June 30, 2021 (in thousands)
Title
Insurance
All OtherIntersegment EliminationsTotal
Insurance and other services revenues$141,120 $8,993 $(5,983)$144,130 
Investment income10,900 1,506  12,406 
Net realized gain on investments393 110  503 
Total revenues
$152,413 $10,609 $(5,983)$157,039 
Operating expenses115,051 5,071 (5,686)114,436 
Income before income taxes$37,362 $5,538 $(297)$42,603 
Total assets
$239,572 $77,367 $ $316,939 

Six Months Ended
June 30, 2020 (in thousands)
Title
Insurance
All OtherIntersegment EliminationsTotal
Insurance and other services revenues$93,011 $4,973 $(3,238)$94,746 
Investment loss(3,102)(136)— (3,238)
Net realized gain (loss) on investments590 (449)— 141 
Total revenues
$90,499 $4,388 $(3,238)$91,649 
Operating expenses80,517 4,685 (2,946)82,256 
Income (loss) before income taxes$9,982 $(297)$(292)$9,393 
Total assets
$204,523 $75,385 $— $279,908