XML 34 R21.htm IDEA: XBRL DOCUMENT v3.20.4
Segment Information
12 Months Ended
Dec. 31, 2020
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 December 31, 2020 and 2019.
2020 (in thousands)Title
Insurance
All
Other
Intersegment
Eliminations
Total
Insurance and other services revenues$225,781 $9,606 $(12,332)$223,055 
Investment income11,622 1,398  13,020 
Net realized gain (loss) on investments334 (1) 333 
Total revenues$237,737 $11,003 $(12,332)$236,408 
Operating expenses185,026 9,095 (7,374)186,747 
Income before income taxes$52,711 $1,908 $(4,958)$49,661 
Total assets$225,974 $56,951 $ $282,925 
2019 (in thousands)Title
Insurance
All
Other
Intersegment
Eliminations
Total
Insurance and other services revenues$161,463 $11,157 $(8,704)$163,916 
Investment income15,210 3,036 — 18,246 
Net realized gain on investments1,251 89 — 1,340 
Total revenues$177,924 $14,282 $(8,704)$183,502 
Operating expenses140,376 9,137 (5,834)143,679 
Income before income taxes$37,548 $5,145 $(2,870)$39,823 
Total assets$196,825 $67,068 $— $263,893