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Schedule II | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | CONDENSED FINANCIAL INFORMATION OF REGISTRANT BALANCE SHEETS AS OF DECEMBER 31, 2022 AND 2021
(in thousands) | 2022 |  | 2021
Assets |  |  |
Cash and cash equivalents | $ | 3,450 |  |  | $ | 584 |
Fixed maturity securities, available-for-sale, at fair value | 5,900 |  |  | 2,222 |
Equity securities, at fair value | 325 |  |  | 5,946 |
Short-term investments | 64,832 |  |  | 23,637 |
Investments in affiliated companies | 159,700 |  |  | 188,698 |
Other investments | 6,703 |  |  | 7,840 |
Prepaid expenses and other receivables | 3,864 |  |  | 5,113 |
Current income taxes receivable | 2,799 |  |  | — |
Accrued interest and dividends | 185 |  |  | 32 |
Property, net | 1,691 |  |  | 1,665 |
Total Assets | $ | 249,449 |  |  | $ | 235,737 |
Liabilities and Shareholders’ Equity |  |  |
Liabilities: |  |  |
Accounts payable and accrued liabilities | $ | 7,726 |  |  | $ | 4,514 |
Current income taxes payable | — |  |  | 433 |
Deferred income taxes, net | 712 |  |  | 1,703 |
Total liabilities | 8,438 |  |  | 6,650 |
Shareholders’ Equity: |  |  |
Preferred stock (1,000 authorized shares; no shares issued) | — |  |  | — |
Common stock – no par value (10,000 authorized shares; 1,897 and 1,895 shares issued and outstanding as of December 31, 2022 and 2021, respectively, excluding in each period 292 shares of common stock held by the Company) | — |  |  | — |
Retained earnings | 240,811 |  |  | 225,861 |
Accumulated other comprehensive income | 200 |  |  | 3,226 |
Total shareholders’ equity | 241,011 |  |  | 229,087 |
Total Liabilities and Shareholders’ Equity | $ | 249,449 |  |  | $ | 235,737 |
Refer to the Notes to Condensed Financial Statements. CONDENSED FINANCIAL INFORMATION OF REGISTRANT STATEMENTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021
(in thousands, except per share amounts) | 2022 |  | 2021
Revenues: |  |  |
Interest and dividends | $ | 990 |  |  | $ | 376 |
Net realized investment gains | 2,680 |  |  | 1,050 |
Changes in the estimated fair value of equity security investments | (3,419) |  |  | 1,182 |
Rental income | 869 |  |  | 734 |
Gain on disposals of property | — |  |  | 3,937 |
Miscellaneous income | 305 |  |  | 2,015 |
Total Revenues | 1,425 |  |  | 9,294 |
Operating Expenses: |  |  |
Personnel expenses | 947 |  |  | 1,039 |
Office and technology expenses | 447 |  |  | 407 |
Other expenses | 936 |  |  | 882 |
Total Operating Expenses | 2,330 |  |  | 2,328 |
Equity in Net Income of Affiliated Companies | 24,584 |  |  | 61,372 |
Income before Income Taxes | 23,679 |  |  | 68,338 |
(Benefit) Provision for Income Taxes | (224) |  |  | 1,318 |
Net Income | $ | 23,903 |  |  | $ | 67,020 |
Basic Earnings per Common Share | $ | 12.60 |  |  | $ | 35.38 |
Weighted Average Shares Outstanding – Basic | 1,897 |  |  | 1,894 |
Diluted Earnings per Common Share | $ | 12.59 |  |  | $ | 35.28 |
Weighted Average Shares Outstanding – Diluted | 1,898 |  |  | 1,900 |
Refer to the Notes to Condensed Financial Statements. CONDENSED FINANCIAL INFORMATION OF REGISTRANT STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021
(in thousands) | 2022 |  | 2021
Operating Activities |  |  |
Net income | $ | 23,903 |  |  | $ | 67,020 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
Equity in net earnings of subsidiaries | (24,584) |  |  | (61,372) |
Depreciation | 115 |  |  | 110 |
Amortization, net | (272) |  |  | (51) |
Share-based compensation expense related to stock appreciation rights | 362 |  |  | 299 |
Net realized gains on disposal of property | — |  |  | (3,937) |
Net realized gains on securities | (3,076) |  |  | (92) |
Net realized losses (gains) on other investments | 396 |  |  | (958) |
Changes in the estimated fair value of equity security investments | 3,419 |  |  | (1,182) |
Net losses (earnings) from other investments | 11 |  |  | (238) |
(Benefit) provision for deferred income taxes | (927) |  |  | 1,214 |
Decrease (increase) in receivables | 1,249 |  |  | (2,660) |
(Increase) decrease in current income taxes receivable | (2,799) |  |  | 2,487 |
(Increase) decrease in other assets | (153) |  |  | 175 |
(Decrease) increase in current income taxes payable | (433) |  |  | 433 |
Increase in accounts payable and accrued liabilities | 3,212 |  |  | 2,201 |
Net cash provided by operating activities | 423 |  |  | 3,449 |
Investing Activities |  |  |
Dividends received from subsidiaries | 55,643 |  |  | 30,651 |
Purchases of fixed maturity and equity securities | (3,851) |  |  | (631) |
Purchases of short-term securities | (64,513) |  |  | (21,345) |
Purchases of and net earnings from other investments | (46) |  |  | (5,050) |
Proceeds from sales and maturities of fixed maturity and equity securities | 5,278 |  |  | 25,512 |
Proceeds from sales and maturities of short-term securities | 23,487 |  |  | 3,028 |
Proceeds from sales and distributions of other investments | 776 |  |  | 1,651 |
Proceeds from sales of other assets | — |  |  | 958 |
Purchases of property | (201) |  |  | — |
Proceeds from disposals of property | 60 |  |  | 4,585 |
Net cash provided by investing activities | 16,633 |  |  | 39,359 |
Financing Activities |  |  |
Repurchases of common stock | (133) |  |  | — |
Exercise of stock appreciation rights | (1) |  |  | (1) |
Capital contribution to subsidiaries | (4,875) |  |  | (8,350) |
Dividends paid | (9,181) |  |  | (37,553) |
Net cash used in financing activities | (14,190) |  |  | (45,904) |
Net Increase (Decrease) in Cash and Cash Equivalents | 2,866 |  |  | (3,096) |
Cash and Cash Equivalents, Beginning of Period | 584 |  |  | 3,680 |
Cash and Cash Equivalents, End of Period | $ | 3,450 |  |  | $ | 584 |
Supplemental Disclosures: |  |  |
Income tax payments, net | $ | 15,186 |  |  | $ | 10,156 |
Refer to the Notes to Condensed Financial Statements. CONDENSED FINANCIAL INFORMATION OF REGISTRANT NOTES TO THE CONDENSED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021 (in thousands) 1. The accompanying Condensed Financial Statements should be read in conjunction with the Consolidated Financial Statements and notes thereto of Investors Title Company and Subsidiaries. 2. Cash dividends paid to Investors Title Company by its wholly owned subsidiaries were as follows:
Subsidiaries | 2022 |  | 2021
Investors Title Insurance Company, net* | $ | 48,243 |  |  | $ | 28,401 |
Investors Title Exchange Corporation | 4,300 |  |  | 1,350 |
Investors Title Accommodation Corporation | 100 |  |  | 50 |
Investors Trust Company | 400 |  |  | 500 |
Investors Title Commercial Agency, LLC | 2,600 |  |  | 350 |
Total | $ | 55,643 |  |  | $ | 30,651 |
* Total dividends of $49,655 and $34,182 paid to the Parent Company in 2022 and 2021, respectively, netted with dividends of $1,412 and $5,781 received from the Parent Company in 2022 and 2021, respectively.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123454820&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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