XML 27 R14.htm IDEA: XBRL DOCUMENT v3.23.3
Retirement Agreements And Other Postretirement Benefits
 9 Months Ended
Sep. 30, 2023
Retirement Benefits [Abstract]  
Retirement Agreements And Other Postretirement Benefits Retirement Agreements and Other Postretirement Benefits
The Company’s subsidiary, Investors Title Insurance Company ("ITIC"), is a party to employment agreements with key executives that provide for the continuation of certain employee benefits and other payments due under the agreements upon retirement, estimated to total $15.1 million and $15.0 million as of September 30, 2023 and December 31, 2022, respectively. The executive employee benefits include health, dental, vision and life insurance and are unfunded. These amounts are classified as accounts payable and accrued liabilities in the unaudited Consolidated Balance Sheets. The following sets forth the net periodic benefit cost for the executive benefits for the periods ended September 30, 2023 and 2022:
Three Months Ended
September 30,		Nine Months Ended
September 30,
 (in thousands)2023202220232022
Service cost – benefits earned during the year$— $— $— $— 
Interest cost on the projected benefit obligation10 5 30 19 
Amortization of unrecognized (gain) loss(7)4 (21)— 
Net periodic benefit cost$3 $9 $9 $19