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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 248,367 $ 485,919
Short-term investments 24,318 17,650
Investments in debt and equity securities, at fair value:    
Debt securities 611,934 589,772
Equity securities 98,149 89,442
Investments in debt and equity securities, at fair value 710,083 679,214
Receivables:    
Premiums from agencies 39,921 45,428
Trade and other 67,348 75,079
Income taxes 10,281 5,420
Notes 7,482 1,124
Allowance for credit losses (7,309) (7,711)
Total receivables 117,723 119,340
Property and equipment, at cost:    
Land 2,545 2,545
Buildings 18,761 19,303
Furniture and equipment 213,707 216,261
Accumulated depreciation (153,474) (165,653)
Total property and equipment, at cost 81,539 72,456
Operating lease assets 127,830 134,578
Title plants, at cost 73,358 76,859
Investments in investees, on an equity method basis 4,575 4,754
Goodwill 1,072,982 924,837
Intangible assets, net of amortization 199,084 229,804
Deferred tax assets, net 2,590 3,846
Other assets 75,430 64,105
Total assets 2,737,879 2,813,362
Liabilities    
Notes payable 447,006 483,491
Accounts payable and accrued liabilities 196,541 287,326
Operating lease liabilities 148,003 149,417
Estimated title losses 549,448 549,614
Deferred tax liabilities, net 26,616 48,779
Total liabilities 1,367,614 1,518,627
Contingent liabilities and commitments
Stockholders’ equity    
Common Stock – $1 par, authorized 51,500,000; issued 27,482,573 and 27,245,591; outstanding 27,130,412 and 26,893,430, respectively 27,483 27,246
Additional paid-in capital 296,861 282,376
Retained earnings 1,091,816 974,800
Accumulated other comprehensive (loss) income:    
Foreign currency translation adjustments (23,856) (8,917)
Net unrealized (losses) gains on debt securities investments (27,487) 9,170
Treasury stock – 352,161 common shares, at cost, for both 2022 and 2021 (including 145,820 shares held by a subsidiary) (2,666) (2,666)
Total stockholders’ equity 1,362,151 1,282,009
Noncontrolling interests 8,114 12,726
Total stockholders’ equity 1,370,265 1,294,735
Total liabilities and stockholders' equity $ 2,737,879 $ 2,813,362