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Segment Information
9 Months Ended
Sep. 30, 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 September 30, 2024 and 2023:

Three Months Ended
September 30, 2024 (in thousands)
Title
Insurance
Exchange
Services
All
Other
Intersegment EliminationsTotal
Insurance and other services revenues$63,272 $2,634 $2,252 $(4,036)$64,122 
Net investment income3,681 115 911  4,707 
Total revenues
$66,953 $2,749 $3,163 $(4,036)$68,829 
Operating expenses58,211 668 2,244 (3,882)57,241 
Income before income taxes$8,742 $2,081 $919 $(154)$11,588 
Total assets$231,805 $10,446 $109,735 $ $351,986 
Three Months Ended
September 30, 2023 (in thousands)
Title
Insurance
Exchange
Services
All
Other
Intersegment EliminationsTotal
Insurance and other services revenues$59,182 $3,141 $1,916 $(4,841)$59,398 
Net investment income1,037 47 928 — 2,012 
Total revenues$60,219 $3,188 $2,844 $(4,841)$61,410 
Operating expenses54,809 603 2,057 (4,669)52,800 
Income before income taxes$5,410 $2,585 $787 $(172)$8,610 
Total assets$226,105 $5,399 $100,411 $— $331,915 
Nine Months Ended
September 30, 2024 (in thousands)
Title
Insurance
Exchange
Services
All
Other
Intersegment EliminationsTotal
Insurance and other services revenues$171,767 $8,120 $6,156 $(12,833)$173,210 
Net investment income10,675 280 3,505  14,460 
Total revenues
$182,442 $8,400 $9,661 $(12,833)$187,670 
Operating expenses162,566 2,030 6,775 (12,353)159,018 
Income before income taxes$19,876 $6,370 $2,886 $(480)$28,652 
Total assets$231,805 $10,446 $109,735 $ $351,986 
Nine Months Ended
September 30, 2023 (in thousands)
Title
Insurance
Exchange
Services
All
Other
Intersegment EliminationsTotal
Insurance and other services revenues$159,382 $10,066 $5,815 $(14,368)$160,895 
Net investment income7,616 133 2,423 — 10,172 
Total revenues$166,998 $10,199 $8,238 $(14,368)$171,067 
Operating expenses156,694 1,811 6,397 (13,852)151,050 
Income before income taxes$10,304 $8,388 $1,841 $(516)$20,017 
Total assets$226,105 $5,399 $100,411 $— $331,915