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Segment Information
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company has two reportable segments, title insurance and exchange 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.

The tax-deferred exchange services segment acts as an intermediary in tax-deferred exchanges of property held for productive use in a trade or business or for investments and serves as exchange accommodation titleholder, holding property for exchangers in reverse exchange transactions.
Provided below is selected financial information about the Company's operations by segment for the periods ended March 31, 2024 and 2023:

Three Months Ended
March 31, 2024 (in thousands)
Title
Insurance
Exchange ServicesAll
Other
Intersegment EliminationsTotal
Insurance and other services revenues$47,728 $2,780 $1,910 $(4,012)$48,406 
Net investment income3,652 68 1,333  5,053 
Total revenues
$51,380 $2,848 $3,243 $(4,012)$53,459 
Operating expenses48,560 670 2,272 (3,840)47,662 
Income before income taxes$2,820 $2,178 $971 $(172)$5,797 
Total assets$215,375 $7,523 $106,596 $ $329,494 
Three Months Ended
March 31, 2023 (in thousands)
Title
Insurance
Exchange ServicesAll
Other
Intersegment EliminationsTotal
Insurance and other services revenues$46,166 $3,854 $1,889 $(3,836)$48,073 
Net investment income2,527 34 709 — 3,270 
Total revenues
$48,693 $3,888 $2,598 $(3,836)$51,343 
Operating expenses50,724 608 2,115 (3,665)49,782 
(Loss) income before income taxes$(2,031)$3,280 $483 $(171)$1,561 
Total assets$231,894 $5,903 $86,000 $— $323,797