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Segment Information
12 Months Ended
Dec. 31, 2023
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 December 31, 2023 and 2022:
2023 (in thousands)Title
Insurance
Exchange
Services
All
Other
Intersegment
Eliminations
Total
Insurance and other services revenues$207,140 $13,270 $7,800 $(19,715)$208,495 
Net investment income12,303 196 3,756  16,255 
Total revenues$219,443 $13,466 $11,556 $(19,715)$224,750 
Operating expenses204,979 2,518 8,885 (17,862)198,520 
Income before income taxes$14,464 $10,948 $2,671 $(1,853)$26,230 
Total assets$216,622 $5,534 $108,403 $ $330,559 
2022 (in thousands)Title
Insurance
Exchange
Services
All
Other
Intersegment
Eliminations
Total
Insurance and other services revenues$294,851 $8,038 $7,502 $(24,373)$286,018 
Net investment (loss) income(2,678)43 — (2,626)
Total revenues$292,173 $8,081 $7,511 $(24,373)$283,392 
Operating expenses264,952 2,666 8,557 (22,891)253,284 
Income (loss) before income taxes$27,221 $5,415 $(1,046)$(1,482)$30,108 
Total assets$244,399 $3,101 $92,257 $— $339,757