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Intangible Assets, Goodwill and Title Plants
 3 Months Ended
Mar. 31, 2025
Business Combinations [Abstract]  
Intangible Assets, Goodwill and Title Plants Intangible Assets, Goodwill and Title Plants
Intangible Assets

The estimated fair values of intangible assets recognized as the result of title insurance agency acquisitions are principally based on values obtained from an independent third-party valuation service and are all Level 3 inputs. Management determined that no events or changes in circumstances occurred during the three-month periods ended March 31, 2025 and 2024 that would indicate the carrying amounts may not be recoverable, and therefore, determined that no identifiable intangible assets were impaired.

Identifiable intangible assets consist of the following:
(in thousands)As of
March 31, 2025		As of
December 31, 2024
Referral relationships$8,898 $8,898 
Non-compete agreements3,155 3,155 
Tradename747 747 
Total
12,800 12,800 
Accumulated amortization(7,628)(7,354)
Identifiable intangible assets, net
$5,172 $5,446 
The following table provides the estimated aggregate amortization expense, as of March 31, 2025, for each of the five succeeding fiscal years:
Year Ended (in thousands)
2025$821 
20261,095 
2027679 
2028650 
2029526 
Thereafter1,214 
Total
$4,985 

Goodwill and Title Plants

As of March 31, 2025, the Company recognized $9.6 million in goodwill and $1.6 million in title plants, net of impairments, as the result of title insurance agency acquisitions.  The title plants are included with other assets in the unaudited Consolidated Balance Sheets. The fair values of goodwill and the title plants as of the date of acquisition, both Level 3 inputs, were principally based on values obtained from an independent third-party valuation service. In accordance with FASB's Accounting Standards Codification ("ASC") 350, the Company determined that no events or changes in circumstances occurred during the three-month periods ended March 31, 2025 and 2024 that would indicate the carrying amounts may not be recoverable, and therefore, determined that there were no goodwill or title plant impairments.