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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 233,365 $ 248,367
Short-term investments 39,023 24,318
Investments in debt and equity securities, at fair value:    
Debt securities (amortized cost of $631,294 and $646,728, respectively) 610,236 611,934
Equity securities 69,700 98,149
Investments in debt and equity securities, at fair value 679,936 710,083
Receivables:    
Premiums from agencies 38,676 39,921
Trade and other 75,706 67,348
Income taxes 3,535 10,281
Notes 14,570 7,482
Allowance for credit losses (7,583) (7,309)
Total receivables 124,904 117,723
Property and equipment, at cost:    
Land 2,545 2,545
Buildings 19,219 18,761
Furniture and equipment 234,370 213,707
Accumulated depreciation (173,799) (153,474)
Total property and equipment, at cost 82,335 81,539
Operating lease assets 115,879 127,830
Title plants, at cost 73,359 73,358
Investments in investees, on an equity method basis 4,220 4,575
Goodwill 1,072,129 1,072,982
Intangible assets, net of amortization 193,196 199,084
Deferred tax assets, net 3,776 2,590
Other assets 80,739 75,430
Total assets 2,702,861 2,737,879
Liabilities    
Notes payable 445,290 447,006
Accounts payable and accrued liabilities 190,054 196,541
Operating lease liabilities 135,654 148,003
Estimated title losses 528,269 549,448
Deferred tax liabilities, net 25,045 26,616
Total liabilities 1,324,312 1,367,614
Contingent liabilities and commitments
Stockholders’ equity    
Common Stock – $1 par, authorized 51,500,000; issued 27,722,388 and 27,482,573; outstanding 27,370,227 and 27,130,412, respectively 27,723 27,483
Additional paid-in capital 310,728 296,861
Retained earnings 1,070,841 1,091,816
Accumulated other comprehensive loss:    
Foreign currency translation adjustments (18,579) (23,856)
Net unrealized losses on debt securities investments (16,636) (27,487)
Treasury stock – 352,161 common shares, at cost, for both 2023 and 2022 (including 145,820 shares held by a subsidiary) (2,666) (2,666)
Total stockholders’ equity 1,371,411 1,362,151
Noncontrolling interests 7,138 8,114
Total stockholders’ equity 1,378,549 1,370,265
Total liabilities and stockholders' equity $ 2,702,861 $ 2,737,879