Investors Title (ITIC) 10-Q10 May 222022 Q1 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Mar. 31, 2022	Apr. 27, 2022
Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	0-11774
Entity Central Index Key	0000720858
Entity Registrant Name	INVESTORS TITLE CO
Entity Incorporation, State or Country Code	NC
Entity Tax Identification Number	56-1110199
Entity Address, Address Line One	121 North Columbia Street
Entity Address, City or Town	Chapel Hill
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	27514
City Area Code	919
Local Phone Number	968-2200
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		1,897,255
Common Stock
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	ITIC
Security Exchange Name	NASDAQ
RightsToPurchaseSeriesAJuniorParticipatingPreferredStock [Member]
Entity Information [Line Items]
No Trading Symbol Flag	true
Title of 12(b) Security	Rights to Purchase Series A Junior Participating Preferred Stock
Security Exchange Name	NASDAQ

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets:
Cash and cash equivalents	$ 37,310	$ 37,168
Investments in securities:
Fixed maturity securities, available-for-sale, at fair value (amortized cost: March 31, 2022: $66,209; December 31, 2021: $75,511)	67,725	79,791
Equity securities, at fair value (cost: March 31, 2022: $28,484; December 31, 2021: $29,478)	69,945	76,853
Short-term investments	58,555	45,930
Other investments	20,217	20,298
Total investments	216,442	222,872
Premiums and fees receivable	23,850	22,953
Accrued interest and dividends	1,000	817
Prepaid expenses and other receivables	11,618	11,721
Property, net	13,413	13,033
Goodwill and other intangible assets, net	15,621	15,951
Operating lease right-of-use assets	7,321	5,202
Other assets	1,822	1,771
Total Assets	328,397	331,488
Liabilities:
Reserve for claims	36,366	36,754
Accounts payable and accrued liabilities	34,486	43,868
Operating lease liabilities	7,453	5,329
Current income taxes payable	6,164	3,329
Deferred income taxes, net	11,436	13,121
Total liabilities	95,905	102,401
Commitments and Contingencies	0	0
Stockholders' Equity:
Preferred stock (1,000 authorized shares; no shares issued)	0	0
Common stock – no par value (10,000 authorized shares; 1,897 and 1,895 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively, excluding in each period 292 shares of common stock held by the Company)	0	0
Retained earnings	231,274	225,861
Accumulated other comprehensive income	1,218	3,226
Total stockholders' equity	232,492	229,087
Total Liabilities and Stockholders’ Equity	$ 328,397	$ 331,488

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ / shares in Thousands, $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Fixed maturities, available-for-sale, amortized cost	$ 66,209	$ 75,511
Equity securities, cost	$ 28,484	$ 29,478
Preferred stock, shares authorized	1,000	1,000
Preferred stock, shares issued	0	0
Common stock, no par value	$ 0	$ 0
Common stock, shares authorized	10,000	10,000
Common stock, shares issued	1,897	1,895
Common stock, shares outstanding	1,897	1,895
Common stock, held by Company's subsidiary	292	292

Consolidated Statements Of Oper

Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenues:
Net premiums written	$ 63,125	$ 61,477
Escrow and other title-related fees	5,064	2,798
Non-title services	2,426	2,078
Interest and dividends	915	1,016
Other investment income	1,337	941
Net realized investment gains	1,747	321
Changes in the estimated fair value of equity security investments	(5,915)	3,239
Other	299	208
Total Revenues	68,998	72,078
Operating Expenses:
Commissions to agents	29,857	30,542
Provision for claims	176	1,591
Personnel expenses	21,254	16,153
Office and technology expenses	4,368	2,742
Other expenses	5,550	3,735
Total Operating Expenses	61,205	54,763
Income before Income Taxes	7,793	17,315
Provision for Income Taxes	1,608	3,492
Net Income	$ 6,185	$ 13,823
Basic Earnings per Common Share	$ 3.26	$ 7.30
Weighted Average Shares Outstanding – Basic	1,896	1,894
Diluted Earnings per Common Share	$ 3.25	$ 7.29
Weighted Average Shares Outstanding – Diluted	1,903	1,897

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 6,185	$ 13,823
Other comprehensive income, before tax:
Accumulated postretirement benefit obligation adjustment	219	0
Net unrealized losses on investments arising during the period	(2,764)	(750)
Reclassification adjustment for sale of securities included in net income	0	(23)
Other comprehensive loss, before tax	(2,545)	(773)
Income tax expense related to postretirement health benefits	46	0
Income tax benefit related to net unrealized losses on investments arising during the period	(583)	(158)
Income tax benefit related to reclassification adjustment for sale of securities included in net income	0	(5)
Net income tax benefit on other comprehensive loss	(537)	(163)
Other comprehensive loss	(2,008)	(610)
Comprehensive Income	$ 4,177	$ 13,213

Consolidated Statements Of Stoc

Consolidated Statements Of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Retained Earnings	Accumulated Other Comprehensive Income
Balance, beginning of period, shares at Dec. 31, 2020		1,892
Balance, beginning of period at Dec. 31, 2020	$ 200,422	$ 0	$ 196,096	$ 4,326
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	13,823		13,823
Dividends paid	(832)		(832)
Stock options and stock appreciation rights exercised (in shares)		2
Exercise of stock appreciation rights	(1)		(1)
Share-based compensation expense related to stock appreciation rights	71		71
Adjustments to postretirement benefits obligation, net of deferred tax expense of $(46) and $0 for March 31, 2022 and 2021, respectively	0
Net unrealized gain (loss) on investments	(610)			(610)
Balance, end of period, shares at Mar. 31, 2021		1,894
Balance, end of period at Mar. 31, 2021	212,873	$ 0	209,157	3,716
Balance, beginning of period, shares at Dec. 31, 2021		1,895
Balance, beginning of period at Dec. 31, 2021	229,087	$ 0	225,861	3,226
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	6,185		6,185
Dividends paid	(873)		(873)
Stock options and stock appreciation rights exercised (in shares)		2
Exercise of stock appreciation rights	(1)		(1)
Share-based compensation expense related to stock appreciation rights	102		102
Adjustments to postretirement benefits obligation, net of deferred tax expense of $(46) and $0 for March 31, 2022 and 2021, respectively	(173)			(173)
Net unrealized gain (loss) on investments	(2,181)			(2,181)
Balance, end of period, shares at Mar. 31, 2022		1,897
Balance, end of period at Mar. 31, 2022	$ 232,492	$ 0	$ 231,274	$ 1,218

Consolidated Statements Of St_2

Consolidated Statements Of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Common Stock, Dividends, Per Share, Cash Paid	$ 0.46	$ 0.44

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating Activities
Net income	$ 6,185	$ 13,823
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	524	430
Amortization of investments, net	162	285
Amortization of other intangible assets, net	330	134
Share-based compensation expense related to stock appreciation rights	102	71
Net gain on disposals of property	(28)	(8)
Net realized investment gains	(1,747)	(321)
Net change in estimated fair value of equity security investments	5,915	(3,239)
Net earnings from other investments	(1,207)	(594)
Provision for claims	176	1,591
(Benefit) provision for deferred income taxes	(1,148)	753
Changes in assets and liabilities:
Increase in premium and fees receivable	(897)	(761)
Increase in other assets	(131)	(2,064)
(Increase) decrease in operating lease right-of-use assets	(2,119)	154
Decrease in accounts payable and accrued liabilities	(9,163)	(3,982)
Increase (decrease) in operating lease liabilities	2,124	(160)
Increase in current income taxes payable	2,835	2,739
Payments of claims, net of recoveries	(564)	(613)
Net cash provided by operating activities	1,349	8,238
Investing Activities
Purchases of equity securities	(102)	(976)
Purchases of short-term investments	(12,624)	(16,578)
Purchases of other investments	(275)	(286)
Proceeds from sales and maturities of fixed maturity securities	9,140	13,660
Proceeds from sales of equity securities	2,842	4,831
Proceeds from sales and maturities of short-term investments	0	1,251
Proceeds from sales and distributions of other investments	1,562	1,534
Purchases of property	(908)	(1,613)
Proceeds from the sale of property	32	13
Net (used in) provided by investing activities	(333)	1,836
Financing Activities
Exercise of stock appreciation rights	(1)	(1)
Dividends paid	(873)	(832)
Net cash used in financing activities	(874)	(833)
Net Increase in Cash and Cash Equivalents	142	9,241
Cash and Cash Equivalents, Beginning of Period	37,168	13,723
Cash and Cash Equivalents, End of Period	37,310	22,964
Cash Paid During the Year for:
Income tax refund, net	(79)	0
Non-cash net unrealized loss on investments, net of deferred tax benefit of $583 and $163 for March 31, 2022 and 2021, respectively	2,181	610
Adjustments to postretirement benefits obligation, net of deferred tax expense of $(46) and $0 for March 31, 2022 and 2021, respectively	$ (173)	$ 0

Consolidated Statements Of Ca_2

Consolidated Statements Of Cash Flows (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Cash Flows [Abstract]
Deferred tax benefit (provision) related to unrealized loss (gain) on investments	$ 583	$ 163
Adjustments to postretirement benefits obligation, net of deferred tax benefit	$ (46)	$ 0

Basis Of Presentation And Signi

Basis Of Presentation And Significant Accounting Policies	3 Months Ended
Basis Of Presentation And Significant Accounting Policies	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis Of Presentation And Significant Accounting Policies	Basis of Presentation and Significant Accounting Policies Reference should be made to the “Notes to Consolidated Financial Statements” appearing in the Annual Report on Form 10-K for the year ended December 31, 2021 of Investors Title Company (the “Company”) for a complete description of the Company’s significant accounting policies. Principles of Consolidation – The accompanying unaudited Consolidated Financial Statements include the accounts and operations of Investors Title Company and its subsidiaries, and have been prepared in accordance with accounting principles generally accepted in the United States ("GAAP") for interim financial information, with the instructions to Form 10-Q and with Article 10 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in annual consolidated financial statements have been condensed or omitted. All intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, all adjustments considered necessary for a fair presentation of the financial position, results of operations and cash flows of the Company in the accompanying unaudited Consolidated Financial Statements have been included. All such adjustments are of a normal recurring nature. Operating results for the three-month period ended March 31, 2022 are not necessarily indicative of the financial condition and results that may be expected for the year ending December 31, 2022 or any other interim period. Use of Estimates and Assumptions – The preparation of the Company’s unaudited Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosures of contingent assets and liabilities, at the date of the unaudited Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and assumptions used. Subsequent Events – The Company has evaluated and concluded that there were no material subsequent events requiring adjustment or disclosure to its unaudited Consolidated Financial Statements.

Reserves For Claims

Reserves For Claims	3 Months Ended
Reserves For Claims	Mar. 31, 2022
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]
Reserves For Claims	Reserve for Claims Activity in the reserve for claims for the three-month period ended March 31, 2022 and the year ended December 31, 2021 are summarized as follows: (in thousands) March 31, 2022 December 31, 2021 Balance, beginning of period $ 36,754 $ 33,584 Provision charged to operations 176 5,686 Payments of claims, net of recoveries (564) (2,516) Balance, end of period $ 36,366 $ 36,754 The total reserve for all reported and unreported losses the Company incurred through March 31, 2022 is represented by the reserve for claims on the unaudited Consolidated Balance Sheets. The Company's reserves for unpaid losses and loss adjustment expenses are established using estimated amounts required to settle claims for which notice has been received (reported) and the amount estimated to be required to satisfy claims that have been incurred but not yet reported (“IBNR”). Despite the variability of such estimates, management believes that the total reserve for claims is adequate to cover claim losses which might result from pending and future claims under title insurance policies issued through March 31, 2022. Management continually reviews and adjusts its reserve for claims estimates to reflect its loss experience and any new information that becomes available. Adjustments resulting from such reviews could be significant. A summary of the Company’s reserve for claims, broken down into its components of known title claims and IBNR, follows: (in thousands, except percentages) March 31, 2022 % December 31, 2021 % Known title claims $ 3,910 10.8 $ 3,317 9.0 IBNR 32,456 89.2 33,437 91.0 Total reserve for claims $ 36,366 100.0 $ 36,754 100.0 Claims and losses paid are charged to the reserve for claims. Although claims losses are typically paid in cash, occasionally claims are settled by purchasing the interest of the insured or the claimant in the real property. When this event occurs, the Company carries assets at the lower of cost or estimated fair value, net of any indebtedness on the property.

Earnings Per Common Share And S

Earnings Per Common Share And Share Awards	3 Months Ended
Earnings Per Common Share And Share Awards	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Common Share And Share Awards	Earnings Per Common Share and Share Awards Basic earnings per common share is computed by dividing net income by the weighted average number of common shares outstanding during the reporting period. Diluted earnings per common share is computed by dividing net income by the combination of dilutive potential common stock, comprised of shares issuable under the Company’s share-based compensation plans, and the weighted average number of common shares outstanding during the reporting period. Dilutive common share equivalents include the dilutive effect of in-the-money share-based awards, which are calculated based on the average share price for each period using the treasury stock method. Under the treasury stock method, when share-based awards are assumed to be exercised, (a) the exercise price of a share-based award and (b) the amount of compensation cost, if any, for future services that the Company has not yet recognized, are assumed to be used to repurchase shares in the current period. The following table sets forth the computation of basic and diluted earnings per share for the three-month periods ended March 31: Three Months Ended (in thousands, except per share amounts) 2022 2021 Net income $ 6,185 $ 13,823 Weighted average common shares outstanding – Basic 1,896 1,894 Incremental shares outstanding assuming the exercise of dilutive SARs (share-settled) 7 3 Weighted average common shares outstanding – Diluted 1,903 1,897 Basic earnings per common share $ 3.26 $ 7.30 Diluted earnings per common share $ 3.25 $ 7.29 There were 0 and 15 thousand potential shares excluded from the computation of diluted earnings per share for the three-month periods ended March 31, 2022 and 2021, respectively, due to the out-of-the-money status of the related share-based awards. The Company historically has adopted employee stock award plans under which restricted stock, options or stock appreciation rights ("SARs") exercisable for the Company's stock may be granted to key employees or directors of the Company. There is currently one active plan from which the Company may grant share-based awards. The awards eligible to be granted under the active plan are limited to SARs, and the maximum aggregate number of shares of common stock of the Company available pursuant to the plan for the grant of SARs is 250 thousand shares. As of March 31, 2022, the only outstanding awards under the plans were SARs, which expire within seven years or less from the date of grant. All outstanding SARs vest and are exercisable within five years or less from the date of grant, and all SARs issued to date have been share-settled only. There have been no stock options or SARs granted where the exercise price was less than the market price on the date of grant. A summary of share-based award transactions for all share-based award plans follows: (in thousands, except weighted average exercise price and average remaining contractual term) Number Weighted Average Remaining Aggregate Outstanding as of January 1, 2021 36 $ 139.16 4.38 $ 903 SARs granted 5 184.26 SARs exercised (6) 106.71 Outstanding as of December 31, 2021 35 $ 150.36 3.96 $ 1,643 SARs granted — — SARs exercised (4) 89.23 Outstanding as of March 31, 2022 31 $ 158.22 4.02 $ 1,400 Exercisable as of March 31, 2022 26 $ 161.73 3.76 $ 1,067 Unvested as of March 31, 2022 5 $ 141.50 5.25 $ 333 There was approximately $102 thousand and $71 thousand of compensation expense relating to SARs vesting on or before March 31, 2022 and 2021, respectively, included in personnel expenses in the unaudited Consolidated Statements of Operations. As of March 31, 2022, there was $206 thousand of unrecognized compensation expense related to unvested share-based compensation arrangements granted under the Company’s stock award plans.

Segment Information

Segment Information	3 Months Ended
Segment Information	Mar. 31, 2022
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 March 31, 2022 and 2021: Three Months Ended Title All Intersegment Eliminations Total Insurance and other services revenues $ 73,065 $ 2,737 $ (4,888) $ 70,914 Investment loss (1,628) (2,035) — (3,663) Net realized gain on investments 51 1,696 — 1,747 Total revenues $ 71,488 $ 2,398 $ (4,888) $ 68,998 Operating expenses 63,188 2,753 (4,736) 61,205 Income (loss) before income taxes $ 8,300 $ (355) $ (152) $ 7,793 Total assets $ 275,729 $ 52,668 $ — $ 328,397 Three Months Ended Title All Intersegment Eliminations Total Insurance and other services revenues $ 66,521 $ 2,338 $ (2,298) $ 66,561 Investment income 4,396 800 — 5,196 Net realized gain on investments 232 89 — 321 Total revenues $ 71,149 $ 3,227 $ (2,298) $ 72,078 Operating expenses 54,530 2,385 (2,152) 54,763 Income before income taxes $ 16,619 $ 842 $ (146) $ 17,315 Total assets $ 237,082 $ 58,458 $ — $ 295,540

Retirement Agreements And Other

Retirement Agreements And Other Postretirement Benefits	3 Months Ended
Retirement Agreements And Other Postretirement Benefits	Mar. 31, 2022
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 $14.2 million and $13.4 million as of March 31, 2022 and December 31, 2021, 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 March 31, 2022 and 2021: Three Months Ended (in thousands) 2022 2021 Service cost – benefits earned during the year $ — $ — Interest cost on the projected benefit obligation 6 7 Amortization of unrecognized losses — — Net periodic benefit cost $ 6 $ 7

Investments In Securities and F

Investments In Securities and Fair Value	3 Months Ended
Investments In Securities and Fair Value	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Investments In Securities and Fair Value	Investments and Estimated Fair Value Investments in Fixed Maturity Securities The estimated fair value, gross unrealized holding gains, gross unrealized holding losses and amortized cost for fixed maturity securities by major classification are as follows: As of March 31, 2022 (in thousands) Amortized Gross Gross Estimated Fair Fixed maturity securities, available-for-sale, at fair value: General obligations of U.S. states, territories and political subdivisions $ 15,011 $ 224 $ — $ 15,235 Special revenue issuer obligations of U.S. states, territories and political subdivisions 40,620 806 56 41,370 Corporate debt securities 10,578 707 165 11,120 Total $ 66,209 $ 1,737 $ 221 $ 67,725 As of December 31, 2021 (in thousands) Amortized Gross Gross Estimated Fair Fixed maturity securities, available-for-sale, at fair value: General obligations of U.S. states, territories and political subdivisions $ 16,669 $ 922 $ — $ 17,591 Special revenue issuer obligations of U.S. states, territories and political subdivisions 41,753 2,453 2 44,204 Corporate debt securities 17,089 955 48 17,996 Total $ 75,511 $ 4,330 $ 50 $ 79,791 The special revenue category for both periods presented includes approximately 45 individual fixed maturity securities with revenue sources from a variety of industry sectors. The scheduled maturities of fixed maturity securities at March 31, 2022 are as follows: Available-for-Sale (in thousands) Amortized Estimated Fair Due in one year or less $ 15,104 $ 15,165 Due one year through five years 46,535 47,521 Due five years through ten years 3,747 3,811 Due after ten years 823 1,228 Total $ 66,209 $ 67,725 Expected maturities will differ from contractual maturities as borrowers may have the right to call or prepay obligations with or without penalties. The following table presents the gross unrealized losses on fixed maturity securities and the estimated fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous loss position at March 31, 2022 and December 31, 2021: Less than 12 Months 12 Months or Longer Total As of March 31, 2022 (in thousands) Estimated Unrealized Estimated Unrealized Estimated Unrealized Special revenue issuer obligations of U.S. states, territories and political subdivisions $ 2,383 $ (53) $ 1,101 $ (3) $ 3,484 $ (56) Corporate debt securities 2,633 (69) 6,111 (96) 8,744 (165) Total temporarily impaired securities $ 5,016 $ (122) $ 7,212 $ (99) $ 12,228 $ (221) Less than 12 Months 12 Months or Longer Total As of December 31, 2021 (in thousands) Estimated Unrealized Estimated Unrealized Estimated Unrealized Special revenue issuer obligations of U.S. states, territories and political subdivisions $ — $ — $ 1,102 $ (2) $ 1,102 $ (2) Corporate debt securities 8,493 (13) 6,203 (35) 14,696 (48) Total temporarily impaired securities $ 8,493 $ (13) $ 7,305 $ (37) $ 15,798 $ (50) Management evaluates available-for-sale fixed maturity securities in unrealized loss positions to determine whether the impairment is due to credit-related factors or noncredit-related factors. Consideration is given to (1) the extent to which the fair value is less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the security for a period of time sufficient to allow for any anticipated recovery in fair value. The decline in estimated fair value of the fixed maturity securities can be attributed primarily to changes in market interest rates and changes in credit spreads over Treasury securities. Because the Company does not intend to sell these securities and will likely not be compelled to sell them before it can recover its cost basis, the Company does not consider these investments to be other-than-temporarily impaired. Factors considered in determining whether a loss is temporary include the length of time and extent to which the estimated fair value has been below cost, the financial condition and prospects of the issuer (including credit ratings and analyst reports) and macro-economic changes. A total of 13 and 9 fixed maturity securities had unrealized losses at March 31, 2022 and December 31, 2021, respectively. The Company does not intend to sell any of these securities and believes that it is more likely than not that the Company will not have to sell any such securities before a recovery of cost. The fair value is expected to recover as the securities approach their maturity date, or repricing date, or if market yields for such investments decline. The Company believes that the unrealized losses detailed in the previous table are due to noncredit-related factors, including changes in market interest rates and other market conditions, and therefore the unrealized loss is recorded in accumulated other comprehensive income. Reviews of the values of fixed maturity securities are inherently uncertain and the value of the investment may not fully recover, or may decline in future periods, resulting in a realized loss. The Company has not recorded any other-than-temporary impairment charges related to fixed maturity securities for the three-month periods ended March 31, 2022 and 2021. Expenses related to other-than-temporary impairments are recorded in net realized investment gains in the unaudited Consolidated Statements of Operations when recognized. Investments in Equity Securities The cost and estimated fair value of equity securities are as follows: As of March 31, 2022 (in thousands) Cost Estimated Fair Equity securities, at fair value: Common stocks $ 28,484 $ 69,945 Total $ 28,484 $ 69,945 As of December 31, 2021 (in thousands) Cost Estimated Fair Equity securities, at fair value: Common stocks $ 29,478 $ 76,853 Total $ 29,478 $ 76,853 Unrealized holding gains and losses are reported in the unaudited Consolidated Statements of Operations as changes in the estimated fair value of equity security investments. Net Realized Investment Gains Gross realized gains and losses on sales of investments for the three-month periods ended March 31, 2022 and 2021 are summarized as follows: (in thousands) 2022 2021 Gross realized gains from securities: Common stocks $ 1,747 $ 940 Total $ 1,747 $ 940 Gross realized losses from securities: Corporate debt securities $ — (23) Common stocks — (596) Total $ — $ (619) Net realized gains from securities $ 1,747 $ 321 Gross realized gains (losses) on other investments: Gains on other investments $ — $ — Losses on other investments — — Total $ — $ — Net realized investment gains $ 1,747 $ 321 Realized gains and losses are determined on the specific identification method. Variable Interest Entities The Company holds investments in variable interest entities ("VIEs") that are not consolidated in the Company's financial statements as the Company is not the primary beneficiary. These entities are considered VIEs as the equity investors at risk, including the Company, do not have the power over the activities that most significantly impact the economic performance of the entities; this power resides with a third-party general partner or managing member that cannot be removed except for cause. The following table sets forth details about the Company's variable interest investments in VIEs, which are structured either as limited partnerships ("LPs") or limited liability companies ("LLCs"), as of March 31, 2022: (in thousands) Balance Sheet Classification Carrying Value Estimated Fair Value Maximum Potential Loss (a) Tax credit LPs Other investments $ 276 $ 276 $ 1,768 Real estate LLCs or LPs Other investments 3,887 5,098 5,408 Small business investment LPs Other investments 8,764 8,805 14,320 Total $ 12,927 $ 14,179 $ 21,496 (a) Maximum potential loss is calculated as the total investment in the LLC or LP, including any capital commitments that may have not yet been called. The Company is not exposed to any loss beyond the total commitment of its investment. Valuation of Financial Assets The Financial Accounting Standards Board has established a valuation hierarchy for disclosure of the inputs used to measure estimated fair value of financial assets and liabilities, such as securities. This hierarchy categorizes the inputs into three broad levels as follows. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument. Level 3 inputs are unobservable inputs based on the Company’s own assumptions used to measure assets and liabilities at fair value. A financial instrument’s classification within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement – consequently, if there are multiple significant valuation inputs that are categorized in different levels of the hierarchy, the instrument’s hierarchy level is the lowest level (with Level 3 being the lowest level) within which any significant input falls. The Level 1 category includes equity securities and U.S. Treasury securities that are measured at estimated fair value using quoted active market prices. The Level 2 category includes fixed maturity securities such as corporate debt securities, U.S. government obligations, and obligations of U.S. states, territories, and political subdivisions. Estimated fair value is principally based on market values obtained from a third-party pricing service. Factors that are used in determining estimated fair market value include benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data. The Company receives one quote per security from a third-party pricing service, although as discussed below, the Company does consult other pricing resources when confirming that the prices it obtains reflect the fair values of the instruments in accordance with Accounting Standards Codification ("ASC") 820 , Fair Value Measurement . Generally, quotes obtained from the pricing service for instruments classified as Level 2 are not adjusted and are not binding. As of March 31, 2022 and December 31, 2021, the Company did not adjust any Level 2 fair values. A number of the Company’s investment grade corporate debt securities are frequently traded in active markets, and trading prices are consequently available for these securities. However, these securities are classified as Level 2 because the pricing service from which the Company has obtained estimated fair values for these instruments uses valuation models that use observable market inputs in addition to trading prices. Substantially all of the input assumptions used in the service’s model are observable in the marketplace or can be derived or supported by observable market data. In the measurement of the estimated fair value of certain financial instruments, other valuation techniques were utilized if quoted market prices were not available. These derived fair value estimates are significantly affected by the assumptions used. Additionally, ASC 825, Financial Instruments , excludes from its scope certain financial instruments, including those related to insurance contracts, pension and other postretirement benefits, and equity method investments. In estimating the fair value of the financial instruments presented, the Company used the following methods and assumptions: Cash and cash equivalents The carrying amount for cash and cash equivalents is a reasonable estimate of fair value due to the short-term maturity of these investments. Investments in real estate Real estate investments are reported at amortized cost. Depreciation and other related expenses are recorded as an offset to investment income. The Company monitors any events or changes in circumstances that may have had a significant adverse effect on the fair value of real estate investments and makes any necessary adjustments, with any reductions in the carrying amount of these investments recorded in net realized investment gains in the unaudited Consolidated Statement of Operations when recognized. Measurement alternative equity investments The measurement alternative method requires investments without readily determinable fair values to be recorded at cost, less impairments, and plus or minus any changes resulting from observable price changes. The Company monitors any events or changes in circumstances that may have had a significant adverse effect on the fair value of these investments and makes any necessary adjustments. Accrued interest and dividends The carrying amount for accrued interest and dividends is a reasonable estimate of fair value due to the short-term maturity of these assets. The following table presents, by level, fixed maturity securities carried at estimated fair value as of March 31, 2022 and December 31, 2021: As of March 31, 2022 (in thousands) Level 1 Level 2 * Level 3 Total Fixed maturity securities: Obligations of U.S. states, territories and political subdivisions $ — $ 56,605 $ — $ 56,605 Corporate debt securities — 11,120 — 11,120 Total $ — $ 67,725 $ — $ 67,725 As of December 31, 2021 (in thousands) Level 1 Level 2 * Level 3 Total Fixed maturity securities: Obligations of U.S. states, territories and political subdivisions $ — $ 61,795 $ — $ 61,795 Corporate debt securities — 17,996 — 17,996 Total $ — $ 79,791 $ — $ 79,791 *Denotes fair market value obtained from pricing services. The following table presents, by level, estimated fair values of equity investments and other financial instruments as of March 31, 2022 and December 31, 2021: As of March 31, 2022 (in thousands) Level 1 Level 2 Level 3 Total Financial assets: Cash and cash equivalents $ 37,310 $ — $ — $ 37,310 Accrued interest and dividends 1,000 — — 1,000 Equity securities, at fair value: Common stocks 69,945 — — 69,945 Short-term investments: Money market funds 58,555 — — 58,555 Other investments: Equity investments in unconsolidated affiliates, measurement alternative — — 8,908 8,908 Total $ 166,810 $ — $ 8,908 $ 175,718 As of December 31, 2021 (in thousands) Level 1 Level 2 Level 3 Total Financial assets: Cash and cash equivalents $ 37,168 $ — $ — $ 37,168 Accrued interest and dividends 817 — — 817 Equity securities, at fair value: Common stocks 76,853 — — 76,853 Short-term investments: Money market funds 45,930 — — 45,930 Other investments: Equity investments in unconsolidated affiliates, measurement alternative — — 8,688 8,688 Total $ 160,768 $ — $ 8,688 $ 169,456 The Company did not hold any Level 3 category debt or marketable equity investment securities as of March 31, 2022 or December 31, 2021. There were no transfers into or out of Levels 1, 2 or 3 during the periods presented. To help ensure that estimated fair value determinations are consistent with ASC 820, prices from our pricing services go through multiple review processes to ensure appropriate pricing. Pricing procedures and inputs used to price each security include, but are not limited to, the following: unadjusted quoted market prices for identical securities such as stock market closing prices; non-binding quoted prices for identical securities in markets that are not active; interest rates; yield curves observable at commonly quoted intervals; volatility; prepayment speeds; loss severity; credit risks; and default rates. The Company reviews the procedures and inputs used by its pricing services, and verifies a sample of the services’ quotes by comparing them to values obtained from other pricing resources. In the event the Company disagrees with a price provided by its pricing services, the respective service reevaluates the price to corroborate the market information and then reviews inputs to the evaluation in light of potentially new market data. Certain equity investments under the measurement alternative and real estate investments are measured at estimated fair value on a non-recurring basis and are reviewed for impairment quarterly. If any such investment is determined to be other-than-temporarily impaired, an impairment charge is recorded against such investment and reflected in the unaudited Consolidated Statements of Operations. There were no impairments of such investments made during the three-month period ended March 31, 2022 or the twelve-month period ended December 31, 2021. The following table presents a rollforward of equity investments under the measurement alternative and real estate investments as of March 31, 2022 and December 31, 2021: (in thousands) Balance, Amounts Impaired Observable Changes Purchases and Sales, Returns of Capital and Other Reductions Balance, March 31, 2022 Other investments: Real Estate $ 4,987 $ — $ — $ — $ — $ 4,987 Equity investments in unconsolidated affiliates, measurement alternative 8,688 — — 250 (30) 8,908 Total $ 13,675 $ — $ — $ 250 $ (30) $ 13,895 (in thousands) Balance, Amounts Impaired Observable Changes Purchases and Sales, Returns of Capital and Other Reductions Balance, December 31, 2021 Other investments: Real Estate $ — $ — $ — $ 5,000 $ (13) $ 4,987 Equity investments in unconsolidated affiliates, measurement alternative 8,741 — — 1,543 (1,596) 8,688 Total $ 8,741 $ — $ — $ 6,543 $ (1,609) $ 13,675

Commitments And Contingencies

Commitments And Contingencies	3 Months Ended
Commitments And Contingencies	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments And Contingencies	Commitments and Contingencies Legal Proceedings – The Company and its subsidiaries are involved in legal proceedings that are incidental to their business. In the Company’s opinion, based on the present status of these proceedings, any potential liability of the Company or its subsidiaries with respect to these legal proceedings, is not expected to, in the aggregate, be material to the Company’s consolidated financial condition or operations. Regulation – The Company’s title insurance and trust subsidiaries are regulated by various federal, state and local governmental agencies and are subject to various audits and inquiries. It is the opinion of management based on its present expectations that these audits and inquiries will not have a material impact on the Company’s consolidated financial condition or operations. Escrow and Trust Deposits – As a service to its customers, the Company, through ITIC, administers escrow and trust deposits representing earnest money received under real estate contracts, escrowed funds received under escrow agreements, undisbursed amounts received for settlement of mortgage loans and indemnities against specific title risks. These amounts are not considered assets of the Company and, therefore, are excluded from the accompanying unaudited Consolidated Balance Sheets; however, the Company remains contingently liable for the disposition of these deposits. Like-Kind Exchanges Proceeds – In administering tax-deferred like-kind exchanges pursuant to § 1031 of the Internal Revenue Code, the Company’s wholly owned subsidiary, Investors Title Exchange Corporation (“ITEC”), serves as a qualified intermediary, holding the net sales proceeds from relinquished property to be used for purchase of replacement property. Another Company wholly owned subsidiary, Investors Title Accommodation Corporation (“ITAC”), serves as exchange accommodation titleholder and, through LLCs that are wholly owned subsidiaries of ITAC, holds property for exchangers in reverse exchange transactions. Like-kind exchange deposits and reverse exchange property totaled approximately $571.4 million and $763.9 million as of March 31, 2022 and December 31, 2021, respectively. These amounts are not considered assets of the Company and, therefore, are excluded from the accompanying unaudited Consolidated Balance Sheets; however, the Company remains contingently liable for the disposition of the transfers of property, disbursements of proceeds and the return on the proceeds at the agreed upon rate. Exchange services revenue includes earnings on these deposits; therefore, investment income is shown as other income rather than investment income. These like-kind exchange funds are primarily invested in money market and other short-term investments. COVID-19 – Despite the widespread availability of vaccines, COVID-19 (including its variant strains) continues to impact U.S. states where the Company conducts business. The COVID-19 pandemic has negatively impacted worldwide economic activity and created significant volatility and disruptions of financial markets. In response, the U.S. government and its agencies took a number of significant measures to provide fiscal and monetary stimulus. Such actions included an unscheduled cut to the federal funds rate, the introduction of new programs to preserve market liquidity, extended unemployment and sick leave benefits, mortgage loan forbearance actions, low-interest loans for working capital access and payroll assistance, and other relief measures for both workers and businesses. Many such actions have lapsed or otherwise been reduced as time has passed since the onset of the pandemic. The Company has remained fully operational throughout the pandemic and did not have any reductions in workforce during 2022 or 2021. A large number of the Company's employees are performing their job functions remotely. The Company has not taken stimulus relief funding or incurred any other forms of debt.

Related Party Transactions

Related Party Transactions	3 Months Ended
Related Party Transactions	Mar. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company does business with, and has investments in, unconsolidated LLCs that are primarily title insurance agencies. The Company utilizes the equity method to account for its investment in these LLCs. The following table sets forth the approximate values by year found within each financial statement classification: Financial Statement Classification, As of As of Other investments $ 6,322 $ 6,623 Premium and fees receivable $ 853 $ 882 Financial Statement Classification, Three Months Ended 2022 2021 Net premiums written $ 6,584 $ 6,769 Non-title services and other investment income $ 1,370 $ 752 Commissions to agents $ 4,465 $ 4,474

Business Combinations, Intangib

Business Combinations, Intangible Assets, Goodwill and Title Plants	3 Months Ended
	Mar. 31, 2022
Business Combinations [Abstract]
Business Combinations, Intangible Assets, Goodwill and Title Plants	Intangible Assets, Goodwill and Title Plants Intangible Assets The estimated fair values of intangible assets recognized as the result of title insurance agency acquisitions, all Level 3 inputs, are principally based on values obtained from an independent third-party valuation service. In accordance with ASC 350, Intangibles – Goodwill and Other , management determined that no events or changes in circumstances occurred during the three-month periods ended March 31, 2022 and 2021 that would indicate the carrying amounts may not be recoverable, and therefore, determined that no identifiable intangible assets were impaired. Identifiable intangible assets consist of the following: (in thousands) As of As of Referral relationships $ 8,567 $ 8,567 Non-compete agreements 2,938 2,938 Tradename 747 747 Total 12,252 12,252 Accumulated amortization (3,835) (3,505) Identifiable intangible assets, net $ 8,417 $ 8,747 The following table provides the estimated aggregate amortization expense for each of the five succeeding fiscal years: Year Ended (in thousands) 2022 $ 953 2023 1,290 2024 1,107 2025 1,024 2026 1,024 Thereafter 2,833 Total $ 8,231 Goodwill and Title Plants As of March 31, 2022, the Company recognized $7.2 million in goodwill and $857 thousand in title plants, net of impairments, as the result of title insurance agency acquisitions. The title plants are included with other assets in the unaudited Consolidated Balance Sheets. The fair values of goodwill and the title plants as of the date of acquisition, both Level 3 inputs, were principally based on values obtained from an independent third-party valuation service. In accordance with ASC 350, management determined that no events or changes in circumstances occurred during the three-month periods ended March 31, 2022 and 2021 that would indicate the carrying amounts may not be recoverable, and therefore, determined that there were no goodwill or title plant impairments.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	3 Months Ended
Accumulated Other Comprehensive Income	Mar. 31, 2022
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income The following table provides changes in the balances of each component of accumulated other comprehensive income, net of tax, for the periods ended March 31, 2022 and 2021: Three Months Ended Unrealized Gains and Losses Postretirement Total Beginning balance at January 1 $ 3,370 $ (144) $ 3,226 Other comprehensive (loss) income before reclassifications (2,181) 173 (2,008) Amounts reclassified from accumulated other comprehensive income — — — Net current-period other comprehensive loss (income) (2,181) 173 (2,008) Ending balance $ 1,189 $ 29 $ 1,218 Three Months Ended Unrealized Gains and Losses Postretirement Total Beginning balance at January 1 $ 4,470 $ (144) $ 4,326 Other comprehensive loss before reclassifications (592) — (592) Amounts reclassified from accumulated other comprehensive income (18) — (18) Net current-period other comprehensive loss (610) — (610) Ending balance $ 3,860 $ (144) $ 3,716 The following table provides significant amounts reclassified out of each component of accumulated other comprehensive income for the three-month periods ended March 31, 2022 and 2021: Three Months Ended Details about Accumulated Other Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Consolidated Statements of Operations Unrealized gains and losses on available-for-sale securities: Net realized gain (loss) on investments $ — Other-than-temporary impairments — Total $ — Net realized investment gains Tax — Provision for income taxes Net of Tax $ — Reclassifications for the period $ — Three Months Ended Details about Accumulated Other Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Consolidated Statements of Operations Unrealized gains and losses on available-for-sale securities: Net realized gain on investments $ 23 Other-than-temporary impairments — Total $ 23 Net realized investment gains Tax (5) Provision for income taxes Net of Tax $ 18 Reclassifications for the period $ 18

Revenue Recognition

Revenue Recognition	3 Months Ended
Revenue Recognition	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue from Contracts with Customers ASC 606, Revenue from Contracts with Customers , requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance does not apply to revenue associated with insurance contracts (including title insurance policies), financial instruments and lease contracts; and therefore is primarily applicable to the following Company revenue categories. Escrow and other title-related fees: The Company’s title segment recognizes commission revenue and fees related to items such as searches, settlements, commitments and other ancillary services. Escrow and other title-related fees are recognized as revenue at the time of the related transactions as the earnings process, or performance obligation, is then considered to be complete. Non-title services: Through various subsidiaries, the Company offers management services, tax-deferred real property exchange services, investment management and trust services. Nonrefundable exchange fees are recognized as revenue upon receipt of the funds, which is at the time of closing of the initial sale of property. All other non-title service fees are recognized as revenue as performance obligations are completed. Other: The Company occasionally recognizes revenue from other miscellaneous contracts which can include, but is not limited to, seminar and education registration fees and software licensing contracts. These revenue streams are deemed immaterial to the operations of the Company, and revenue is recognized when, or as, performance obligations are completed. The following table provides a breakdown of the Company’s revenue by major business activity: Three Months Ended (in thousands) 2022 2021 Revenue from contracts with customers: Escrow and other title-related fees $ 5,064 $ 2,798 Non-title services 2,426 2,078 Total revenue from contracts with customers 7,490 4,876 Other sources of revenue: Net premiums written 63,125 61,477 Investment-related revenue (1,916) 5,517 Other 299 208 Total revenues $ 68,998 $ 72,078

Leases

Leases	3 Months Ended
Leases	Mar. 31, 2022
Leases [Abstract]
Lessee, Operating Leases	Leases The Company enters into lease agreements that are primarily used for office space. These leases are accounted for as operating leases, with lease expense recognized on a straight-line basis over the term of the lease. A portion of the Company's current leases include an option to extend or cancel the lease term. The exercise of such an option is solely at the Company's discretion. The operating lease liability recorded in the unaudited Consolidated Balance Sheets includes lease payments related to options to extend or cancel the lease term if the Company determined at the date of adoption that the lease was expected to be renewed or extended. The Company, in determining the present value of lease payments, utilized the average rate over a 10-year term based upon the Moody's seasoned Aaa corporate bond yields, as explicit rates of interest were not readily determinable in the lease contracts. The Company does not carry debt; thus no incremental borrowing rate was available to the Company. Lease expense is included in office and technology expenses in the unaudited Consolidated Statements of Operations. Information regarding the Company’s operating leases follows: Three Months Ended (in thousands) 2022 2021 Operating leases $ 563 $ 326 Short-term leases (b) 67 64 Lease expense $ 630 $ 390 Sub-lease income — — Lease cost $ 630 $ 390 (b) Leases with an initial term of twelve months or less are not recorded on the unaudited Consolidated Balance Sheets. Components of the operating lease liability presented on the unaudited Consolidated Balance Sheets are as follows: (in thousands) As of As of Current: Operating lease liabilities $ 2,021 $ 1,547 Non-current: Operating lease liabilities 5,432 3,782 Total operating lease liabilities $ 7,453 $ 5,329 The future minimum lease payments under operating leases that have initial or remaining noncancelable lease terms in excess of one year as of March 31, 2022, are summarized as follows: Year Ended (in thousands) 2022 $ 2,211 2023 1,892 2024 1,571 2025 1,127 2026 934 Thereafter 284 Total undiscounted payments $ 8,019 Less: present value adjustment (566) Operating lease liabilities $ 7,453 Supplemental lease information is as follows: As of As of Weighted average remaining lease term (years) 4.14 4.13 Weighted average discount rate 4.0 % 4.2 % The Company does not have any material pending operating or financing lease agreements that become effective in future periods.

Basis Of Presentation And Sig_2

Basis Of Presentation And Significant Accounting Policies (Policy)	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles Of Consolidation	Principles of Consolidation – The accompanying unaudited Consolidated Financial Statements include the accounts and operations of Investors Title Company and its subsidiaries, and have been prepared in accordance with accounting principles generally accepted in the United States ("GAAP") for interim financial information, with the instructions to Form 10-Q and with Article 10 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in annual consolidated financial statements have been condensed or omitted. All intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, all adjustments considered necessary for a fair presentation of the financial position, results of operations and cash flows of the Company in the accompanying unaudited Consolidated Financial Statements have been included. All such adjustments are of a normal recurring nature. Operating results for the three-month period ended March 31, 2022 are not necessarily indicative of the financial condition and results that may be expected for the year ending December 31, 2022 or any other interim period.
Use Of Estimates And Assumptions	Use of Estimates and Assumptions – The preparation of the Company’s unaudited Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosures of contingent assets and liabilities, at the date of the unaudited Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and assumptions used.
Subsequent Events, Policy	Subsequent Events – The Company has evaluated and concluded that there were no material subsequent events requiring adjustment or disclosure to its unaudited Consolidated Financial Statements.

Reserves For Claims (Tables)

Reserves For Claims (Tables)	3 Months Ended
Reserves For Claims (Tables)	Mar. 31, 2022
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]
Summary Of Transactions In Reserves For Claims	Activity in the reserve for claims for the three-month period ended March 31, 2022 and the year ended December 31, 2021 are summarized as follows: (in thousands) March 31, 2022 December 31, 2021 Balance, beginning of period $ 36,754 $ 33,584 Provision charged to operations 176 5,686 Payments of claims, net of recoveries (564) (2,516) Balance, end of period $ 36,366 $ 36,754
Summary of the Company's Loss Reserves	A summary of the Company’s reserve for claims, broken down into its components of known title claims and IBNR, follows: (in thousands, except percentages) March 31, 2022 % December 31, 2021 % Known title claims $ 3,910 10.8 $ 3,317 9.0 IBNR 32,456 89.2 33,437 91.0 Total reserve for claims $ 36,366 100.0 $ 36,754 100.0

Earnings Per Common Share And_2

Earnings Per Common Share And Share Awards (Tables)	3 Months Ended
Earnings Per Common Share And Share Awards (Tables)	Mar. 31, 2022
Earnings Per Share [Abstract]
Computation Of Basic And Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share for the three-month periods ended March 31: Three Months Ended (in thousands, except per share amounts) 2022 2021 Net income $ 6,185 $ 13,823 Weighted average common shares outstanding – Basic 1,896 1,894 Incremental shares outstanding assuming the exercise of dilutive SARs (share-settled) 7 3 Weighted average common shares outstanding – Diluted 1,903 1,897 Basic earnings per common share $ 3.26 $ 7.30 Diluted earnings per common share $ 3.25 $ 7.29
Summary Of Share-Based Award Transactions	A summary of share-based award transactions for all share-based award plans follows: (in thousands, except weighted average exercise price and average remaining contractual term) Number Weighted Average Remaining Aggregate Outstanding as of January 1, 2021 36 $ 139.16 4.38 $ 903 SARs granted 5 184.26 SARs exercised (6) 106.71 Outstanding as of December 31, 2021 35 $ 150.36 3.96 $ 1,643 SARs granted — — SARs exercised (4) 89.23 Outstanding as of March 31, 2022 31 $ 158.22 4.02 $ 1,400 Exercisable as of March 31, 2022 26 $ 161.73 3.76 $ 1,067 Unvested as of March 31, 2022 5 $ 141.50 5.25 $ 333

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
Segment Information (Tables)	Mar. 31, 2022
Segment Reporting [Abstract]
Selected Financial Information About The Company's Operations By Segment	Provided below is selected financial information about the Company's operations by segment for the periods ended March 31, 2022 and 2021: Three Months Ended Title All Intersegment Eliminations Total Insurance and other services revenues $ 73,065 $ 2,737 $ (4,888) $ 70,914 Investment loss (1,628) (2,035) — (3,663) Net realized gain on investments 51 1,696 — 1,747 Total revenues $ 71,488 $ 2,398 $ (4,888) $ 68,998 Operating expenses 63,188 2,753 (4,736) 61,205 Income (loss) before income taxes $ 8,300 $ (355) $ (152) $ 7,793 Total assets $ 275,729 $ 52,668 $ — $ 328,397 Three Months Ended Title All Intersegment Eliminations Total Insurance and other services revenues $ 66,521 $ 2,338 $ (2,298) $ 66,561 Investment income 4,396 800 — 5,196 Net realized gain on investments 232 89 — 321 Total revenues $ 71,149 $ 3,227 $ (2,298) $ 72,078 Operating expenses 54,530 2,385 (2,152) 54,763 Income before income taxes $ 16,619 $ 842 $ (146) $ 17,315 Total assets $ 237,082 $ 58,458 $ — $ 295,540

Retirement Agreements And Oth_2

Retirement Agreements And Other Postretirement Benefits (Tables)	3 Months Ended
	Mar. 31, 2022
Retirement Benefits [Abstract]
Components Of Net Periodic Benefits Cost	The following sets forth the net periodic benefit cost for the executive benefits for the periods ended March 31, 2022 and 2021: Three Months Ended (in thousands) 2022 2021 Service cost – benefits earned during the year $ — $ — Interest cost on the projected benefit obligation 6 7 Amortization of unrecognized losses — — Net periodic benefit cost $ 6 $ 7

Investments In Securities and_2

Investments In Securities and Fair Value (Tables)	3 Months Ended
Investments In Securities and Fair Value (Tables)	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of Gross Unrealized Gains (Losses) and Amortized Cost for Securities	The estimated fair value, gross unrealized holding gains, gross unrealized holding losses and amortized cost for fixed maturity securities by major classification are as follows: As of March 31, 2022 (in thousands) Amortized Gross Gross Estimated Fair Fixed maturity securities, available-for-sale, at fair value: General obligations of U.S. states, territories and political subdivisions $ 15,011 $ 224 $ — $ 15,235 Special revenue issuer obligations of U.S. states, territories and political subdivisions 40,620 806 56 41,370 Corporate debt securities 10,578 707 165 11,120 Total $ 66,209 $ 1,737 $ 221 $ 67,725 As of December 31, 2021 (in thousands) Amortized Gross Gross Estimated Fair Fixed maturity securities, available-for-sale, at fair value: General obligations of U.S. states, territories and political subdivisions $ 16,669 $ 922 $ — $ 17,591 Special revenue issuer obligations of U.S. states, territories and political subdivisions 41,753 2,453 2 44,204 Corporate debt securities 17,089 955 48 17,996 Total $ 75,511 $ 4,330 $ 50 $ 79,791 The cost and estimated fair value of equity securities are as follows: As of March 31, 2022 (in thousands) Cost Estimated Fair Equity securities, at fair value: Common stocks $ 28,484 $ 69,945 Total $ 28,484 $ 69,945 As of December 31, 2021 (in thousands) Cost Estimated Fair Equity securities, at fair value: Common stocks $ 29,478 $ 76,853 Total $ 29,478 $ 76,853
Schedule Of Fixed Maturity Securities	The scheduled maturities of fixed maturity securities at March 31, 2022 are as follows: Available-for-Sale (in thousands) Amortized Estimated Fair Due in one year or less $ 15,104 $ 15,165 Due one year through five years 46,535 47,521 Due five years through ten years 3,747 3,811 Due after ten years 823 1,228 Total $ 66,209 $ 67,725
Schedule of Unrealized Loss on Investments	The following table presents the gross unrealized losses on fixed maturity securities and the estimated fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous loss position at March 31, 2022 and December 31, 2021: Less than 12 Months 12 Months or Longer Total As of March 31, 2022 (in thousands) Estimated Unrealized Estimated Unrealized Estimated Unrealized Special revenue issuer obligations of U.S. states, territories and political subdivisions $ 2,383 $ (53) $ 1,101 $ (3) $ 3,484 $ (56) Corporate debt securities 2,633 (69) 6,111 (96) 8,744 (165) Total temporarily impaired securities $ 5,016 $ (122) $ 7,212 $ (99) $ 12,228 $ (221) Less than 12 Months 12 Months or Longer Total As of December 31, 2021 (in thousands) Estimated Unrealized Estimated Unrealized Estimated Unrealized Special revenue issuer obligations of U.S. states, territories and political subdivisions $ — $ — $ 1,102 $ (2) $ 1,102 $ (2) Corporate debt securities 8,493 (13) 6,203 (35) 14,696 (48) Total temporarily impaired securities $ 8,493 $ (13) $ 7,305 $ (37) $ 15,798 $ (50)
Schedule Of Gross Realized Gains And Losses On Securities	Gross realized gains and losses on sales of investments for the three-month periods ended March 31, 2022 and 2021 are summarized as follows: (in thousands) 2022 2021 Gross realized gains from securities: Common stocks $ 1,747 $ 940 Total $ 1,747 $ 940 Gross realized losses from securities: Corporate debt securities $ — (23) Common stocks — (596) Total $ — $ (619) Net realized gains from securities $ 1,747 $ 321 Gross realized gains (losses) on other investments: Gains on other investments $ — $ — Losses on other investments — — Total $ — $ — Net realized investment gains $ 1,747 $ 321
Schedule of Variable Interest Entities	The following table sets forth details about the Company's variable interest investments in VIEs, which are structured either as limited partnerships ("LPs") or limited liability companies ("LLCs"), as of March 31, 2022: (in thousands) Balance Sheet Classification Carrying Value Estimated Fair Value Maximum Potential Loss (a) Tax credit LPs Other investments $ 276 $ 276 $ 1,768 Real estate LLCs or LPs Other investments 3,887 5,098 5,408 Small business investment LPs Other investments 8,764 8,805 14,320 Total $ 12,927 $ 14,179 $ 21,496 (a) Maximum potential loss is calculated as the total investment in the LLC or LP, including any capital commitments that may have not yet been called. The Company is not exposed to any loss beyond the total commitment of its investment.
Schedule Of Fair Value Assets Measured On Recurring Basis	The following table presents, by level, fixed maturity securities carried at estimated fair value as of March 31, 2022 and December 31, 2021: As of March 31, 2022 (in thousands) Level 1 Level 2 * Level 3 Total Fixed maturity securities: Obligations of U.S. states, territories and political subdivisions $ — $ 56,605 $ — $ 56,605 Corporate debt securities — 11,120 — 11,120 Total $ — $ 67,725 $ — $ 67,725 As of December 31, 2021 (in thousands) Level 1 Level 2 * Level 3 Total Fixed maturity securities: Obligations of U.S. states, territories and political subdivisions $ — $ 61,795 $ — $ 61,795 Corporate debt securities — 17,996 — 17,996 Total $ — $ 79,791 $ — $ 79,791 *Denotes fair market value obtained from pricing services.
Schedule Of Carrying Value And Fair Value Of Financial Assets Disclosed	The following table presents, by level, estimated fair values of equity investments and other financial instruments as of March 31, 2022 and December 31, 2021: As of March 31, 2022 (in thousands) Level 1 Level 2 Level 3 Total Financial assets: Cash and cash equivalents $ 37,310 $ — $ — $ 37,310 Accrued interest and dividends 1,000 — — 1,000 Equity securities, at fair value: Common stocks 69,945 — — 69,945 Short-term investments: Money market funds 58,555 — — 58,555 Other investments: Equity investments in unconsolidated affiliates, measurement alternative — — 8,908 8,908 Total $ 166,810 $ — $ 8,908 $ 175,718 As of December 31, 2021 (in thousands) Level 1 Level 2 Level 3 Total Financial assets: Cash and cash equivalents $ 37,168 $ — $ — $ 37,168 Accrued interest and dividends 817 — — 817 Equity securities, at fair value: Common stocks 76,853 — — 76,853 Short-term investments: Money market funds 45,930 — — 45,930 Other investments: Equity investments in unconsolidated affiliates, measurement alternative — — 8,688 8,688 Total $ 160,768 $ — $ 8,688 $ 169,456
Schedule of Cost Method Investments	The following table presents a rollforward of equity investments under the measurement alternative and real estate investments as of March 31, 2022 and December 31, 2021: (in thousands) Balance, Amounts Impaired Observable Changes Purchases and Sales, Returns of Capital and Other Reductions Balance, March 31, 2022 Other investments: Real Estate $ 4,987 $ — $ — $ — $ — $ 4,987 Equity investments in unconsolidated affiliates, measurement alternative 8,688 — — 250 (30) 8,908 Total $ 13,675 $ — $ — $ 250 $ (30) $ 13,895 (in thousands) Balance, Amounts Impaired Observable Changes Purchases and Sales, Returns of Capital and Other Reductions Balance, December 31, 2021 Other investments: Real Estate $ — $ — $ — $ 5,000 $ (13) $ 4,987 Equity investments in unconsolidated affiliates, measurement alternative 8,741 — — 1,543 (1,596) 8,688 Total $ 8,741 $ — $ — $ 6,543 $ (1,609) $ 13,675

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
Related Party Transactions (Tables)	Mar. 31, 2022
Related Party Transactions [Abstract]
Summary Of Approximate Values By Year Found Within Consolidated Balance Sheets	The following table sets forth the approximate values by year found within each financial statement classification: Financial Statement Classification, As of As of Other investments $ 6,322 $ 6,623 Premium and fees receivable $ 853 $ 882
Summary Of Approximate Values By Year Found Within Consolidated Statements Of Income	Financial Statement Classification, Three Months Ended 2022 2021 Net premiums written $ 6,584 $ 6,769 Non-title services and other investment income $ 1,370 $ 752 Commissions to agents $ 4,465 $ 4,474

Intangible Assets, Goodwill and

Intangible Assets, Goodwill and Title Plant (Tables)	3 Months Ended
Intangible Assets, Goodwill and Title Plant (Tables)	Mar. 31, 2022
Business Combinations [Abstract]
Schedule of Finite-Lived Intangible Assets	Identifiable intangible assets consist of the following: (in thousands) As of As of Referral relationships $ 8,567 $ 8,567 Non-compete agreements 2,938 2,938 Tradename 747 747 Total 12,252 12,252 Accumulated amortization (3,835) (3,505) Identifiable intangible assets, net $ 8,417 $ 8,747
Schedule Of Aggregate Amortization Expense for Intangible Assets	The following table provides the estimated aggregate amortization expense for each of the five succeeding fiscal years: Year Ended (in thousands) 2022 $ 953 2023 1,290 2024 1,107 2025 1,024 2026 1,024 Thereafter 2,833 Total $ 8,231

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
Accumulated Other Comprehensive Income (Tables)	Mar. 31, 2022
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule Of Changes In Balances Of Each Component Of Accumulated Other Comprehensive Income, Net Of Tax	The following table provides changes in the balances of each component of accumulated other comprehensive income, net of tax, for the periods ended March 31, 2022 and 2021: Three Months Ended Unrealized Gains and Losses Postretirement Total Beginning balance at January 1 $ 3,370 $ (144) $ 3,226 Other comprehensive (loss) income before reclassifications (2,181) 173 (2,008) Amounts reclassified from accumulated other comprehensive income — — — Net current-period other comprehensive loss (income) (2,181) 173 (2,008) Ending balance $ 1,189 $ 29 $ 1,218 Three Months Ended Unrealized Gains and Losses Postretirement Total Beginning balance at January 1 $ 4,470 $ (144) $ 4,326 Other comprehensive loss before reclassifications (592) — (592) Amounts reclassified from accumulated other comprehensive income (18) — (18) Net current-period other comprehensive loss (610) — (610) Ending balance $ 3,860 $ (144) $ 3,716
Schedule Of Reclassification Out Of Accumulated Other Comprehensive Income	The following table provides significant amounts reclassified out of each component of accumulated other comprehensive income for the three-month periods ended March 31, 2022 and 2021: Three Months Ended Details about Accumulated Other Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Consolidated Statements of Operations Unrealized gains and losses on available-for-sale securities: Net realized gain (loss) on investments $ — Other-than-temporary impairments — Total $ — Net realized investment gains Tax — Provision for income taxes Net of Tax $ — Reclassifications for the period $ — Three Months Ended Details about Accumulated Other Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Consolidated Statements of Operations Unrealized gains and losses on available-for-sale securities: Net realized gain on investments $ 23 Other-than-temporary impairments — Total $ 23 Net realized investment gains Tax (5) Provision for income taxes Net of Tax $ 18 Reclassifications for the period $ 18

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
Revenue Recognition (Tables)	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Three Months Ended (in thousands) 2022 2021 Revenue from contracts with customers: Escrow and other title-related fees $ 5,064 $ 2,798 Non-title services 2,426 2,078 Total revenue from contracts with customers 7,490 4,876 Other sources of revenue: Net premiums written 63,125 61,477 Investment-related revenue (1,916) 5,517 Other 299 208 Total revenues $ 68,998 $ 72,078

Leases (Tables)

Leases (Tables)	3 Months Ended
Leases (Tables)	Mar. 31, 2022
Leases [Abstract]
Lease, Cost	Lease expense is included in office and technology expenses in the unaudited Consolidated Statements of Operations. Information regarding the Company’s operating leases follows: Three Months Ended (in thousands) 2022 2021 Operating leases $ 563 $ 326 Short-term leases (b) 67 64 Lease expense $ 630 $ 390 Sub-lease income — — Lease cost $ 630 $ 390 (b) Leases with an initial term of twelve months or less are not recorded on the unaudited Consolidated Balance Sheets.
Lessee, Operating Lease Liability, Current and Non-current	Components of the operating lease liability presented on the unaudited Consolidated Balance Sheets are as follows: (in thousands) As of As of Current: Operating lease liabilities $ 2,021 $ 1,547 Non-current: Operating lease liabilities 5,432 3,782 Total operating lease liabilities $ 7,453 $ 5,329
Lessee, Operating Lease, Liability, Maturity	The future minimum lease payments under operating leases that have initial or remaining noncancelable lease terms in excess of one year as of March 31, 2022, are summarized as follows: Year Ended (in thousands) 2022 $ 2,211 2023 1,892 2024 1,571 2025 1,127 2026 934 Thereafter 284 Total undiscounted payments $ 8,019 Less: present value adjustment (566) Operating lease liabilities $ 7,453
Operating Lease Other Information	Supplemental lease information is as follows: As of As of Weighted average remaining lease term (years) 4.14 4.13 Weighted average discount rate 4.0 % 4.2 %

Reserves For Claims Summary Of

Reserves For Claims Summary Of Transactions In Reserves For Claims (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Liability for title claims and claims adjustment expense	$ 36,366	$ 36,754	$ 33,584
Provision charged to operations	176	5,686
Payments of claims, net of recoveries	$ (564)	$ (2,516)

Reserves For Claims Summary O_2

Reserves For Claims Summary Of The Company's Loss Reserves (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]
Known title claims	$ 3,910	$ 3,317
IBNR	32,456	33,437
Total reserve for claims	$ 36,366	$ 36,754	$ 33,584
% of known title reserves	10.80%	9.00%
% of IBNR	89.20%	91.00%
% of total loss reserves	100.00%	100.00%

Earnings Per Common Share And_3

Earnings Per Common Share And Share Awards (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Common Share And Share Awards [Line Items]
Anti-dilutive shares excluded from computation of diluted earnings per share	0	15
Number of SARs granted where exercise price was less than market price on date of grant	0	0
SARs
Earnings Per Common Share And Share Awards [Line Items]
Share-based Payment Arrangement, Expense	$ 102	$ 71
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 206
Maximum \| SARs
Earnings Per Common Share And Share Awards [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Shares Purchased for Award	250
SARs expiration period	7 years
SARs vesting period	5 years

Computation Of Basic And Dilute

Computation Of Basic And Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Net income	$ 6,185	$ 13,823
Weighted average common shares outstanding - Basic	1,896	1,894
Incremental shares outstanding assuming the exercise of dilutive stock options and SARs (share settled)	7	3
Weighted average common shares outstanding - Diluted	1,903	1,897
Basic Earnings per Common Share	$ 3.26	$ 7.30
Diluted Earnings per Common Share	$ 3.25	$ 7.29

Earnings Per Common Share And_4

Earnings Per Common Share And Share Awards Summary Of Share-Based Award Transactions (Details) - SARs - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award, SARS, Outstanding [Roll Forward]
Number Of Shares, Outstanding Beginning Balance	35	36
Number Of Shares, SARs granted	0	5
Number Of Shares, SARS exercised	(4)	(6)
Number Of Shares, Outstanding Ending Balance	31	35	36
Number Of Shares, Exercisable as of March 31, 2022	26
Number Of Shares, Unvested as of March 31, 2022	5
Share-based Compensation Arrangement by Share-based Payment Award, SARs, Outstanding, Weighted Average Exercise Price [Roll Forward]
Weighted Average Exercise Price, Outstanding Beginning Balance	$ 150.36	$ 139.16
Weighted Average Exercise Price, SARs granted	0	184.26
Weighted Average Exercise Price, SARS exercised	89.23	106.71
Weighted Average Exercise Price, Outstanding Ending Balance	158.22	$ 150.36	$ 139.16
Weighted Average Exercise Price, Exercisable as of March 31, 2022	161.73
Weighted Average Exercise Price, Unvested as of March 31, 2022	$ 141.50
Average Remaining Contractual Term, Outstanding Beginning Balance	4 years 7 days	3 years 11 months 15 days	4 years 4 months 17 days
Average Remaining Contractual Term, Outstanding Ending Balance	4 years 7 days	3 years 11 months 15 days	4 years 4 months 17 days
Average Remaining Contractual Term, Exercisable as of March 31, 2022	3 years 9 months 3 days
Average Remaining Contractual Term, Unvested as of March 31, 2022	5 years 3 months
Aggregate Intrinsic Value, Outstanding Beginning Balance	$ 1,643	$ 903
Aggregate Intrinsic Value, Outstanding Ending Balance	1,400	$ 1,643	$ 903
Aggregate Intrinsic Value, Exercisable as of March 31, 2022	1,067
Aggregate Intrinsic Value, Unvested as of March 31, 2022	$ 333

Segment Information Selected Fi

Segment Information Selected Financial Information By Segment (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)segment	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments \| segment	1
Insurance and other services revenue	$ 70,914	$ 66,561
Investment income (loss)	(3,663)	5,196
Gain (Loss) on Investments	1,747	321
Total Revenues	68,998	72,078
Operating expenses	61,205	54,763
Income (loss) before income taxes	7,793	17,315
Total assets	328,397	295,540	$ 331,488
Intersegment Eliminations
Segment Reporting Information [Line Items]
Insurance and other services revenue	(4,888)	(2,298)
Investment income (loss)	0	0
Gain (Loss) on Investments	0	0
Total Revenues	(4,888)	(2,298)
Operating expenses	(4,736)	(2,152)
Income (loss) before income taxes	(152)	(146)
Total assets	0	0
Title Insurance \| Title Insurance
Segment Reporting Information [Line Items]
Insurance and other services revenue	73,065	66,521
Investment income (loss)	(1,628)	4,396
Gain (Loss) on Investments	51	232
Total Revenues	71,488	71,149
Operating expenses	63,188	54,530
Income (loss) before income taxes	8,300	16,619
Total assets	275,729	237,082
All Other \| Title Insurance
Segment Reporting Information [Line Items]
Insurance and other services revenue	2,737	2,338
Investment income (loss)	(2,035)	800
Gain (Loss) on Investments	1,696	89
Total Revenues	2,398	3,227
Operating expenses	2,753	2,385
Income (loss) before income taxes	(355)	842
Total assets	$ 52,668	$ 58,458

Retirement Agreements And Oth_3

Retirement Agreements And Other Postretirement Benefits (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Retirement Benefits [Abstract]
Liability for employee benefits and other payments	$ 14,200		$ 13,400
Defined Benefit Plan Disclosure [Line Items]
Service cost - benefits earned during the year	0	$ 0
Interest cost on the projected benefit obligation	6	7
Amortization of unrecognized losses	0	0
Net periodic benefits costs	$ 6	$ 7

Investments In Securities and_3

Investments In Securities and Fair Value (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Impaired amount for measurement alternative investments	$ 0	$ 0

Investments In Securities and_4

Investments In Securities and Fair Value (Schedule Of Gross Unrealized Gains And Losses And Amortized Cost For Securities) (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)
Debt and Equity Securities, FV-NI [Line Items]
Impairment amount for cost-method investments	$ 0	$ 0
Total, amortized cost	66,209	75,511
Fixed maturity securities, available-for-sale, at fair value (amortized cost: March 31, 2022: $66,209; December 31, 2021: $75,511)	67,725	79,791
Other-than-temporary impairment loss, debt securities, available-for-sale, recognized in earnings	0
General obligations of U.S. states, territories and political subdivisions
Debt and Equity Securities, FV-NI [Line Items]
Debt securities, available-for-sale, accumulated gross unrealized gain, before tax	224	922
Debt securities, available-for-sale, accumulated gross unrealized loss, before tax	0	0
Total, amortized cost	15,011	16,669
Fixed maturity securities, available-for-sale, at fair value (amortized cost: March 31, 2022: $66,209; December 31, 2021: $75,511)	$ 15,235	$ 17,591
Special revenue issuer obligations of U.S. states, territories and political subdivisions
Debt and Equity Securities, FV-NI [Line Items]
Number of Special Revenue Bonds	45	45
Debt securities, available-for-sale, accumulated gross unrealized gain, before tax	$ 806	$ 2,453
Debt securities, available-for-sale, accumulated gross unrealized loss, before tax	56	2
Total, amortized cost	40,620	41,753
Fixed maturity securities, available-for-sale, at fair value (amortized cost: March 31, 2022: $66,209; December 31, 2021: $75,511)	41,370	44,204
Corporate debt securities
Debt and Equity Securities, FV-NI [Line Items]
Debt securities, available-for-sale, accumulated gross unrealized gain, before tax	707	955
Debt securities, available-for-sale, accumulated gross unrealized loss, before tax	165	48
Total, amortized cost	10,578	17,089
Fixed maturity securities, available-for-sale, at fair value (amortized cost: March 31, 2022: $66,209; December 31, 2021: $75,511)	11,120	17,996
Total fixed maturities
Debt and Equity Securities, FV-NI [Line Items]
Debt securities, available-for-sale, accumulated gross unrealized gain, before tax	1,737	4,330
Debt securities, available-for-sale, accumulated gross unrealized loss, before tax	221	50
Total, amortized cost	66,209	75,511
Fixed maturity securities, available-for-sale, at fair value (amortized cost: March 31, 2022: $66,209; December 31, 2021: $75,511)	$ 67,725	$ 79,791

Investments In Securities and_5

Investments In Securities and Fair Value (Schedule Of Fixed Maturity Securities) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Due in one year or less, Amortized Cost	$ 15,104
Due after one year through five years, Amortized Cost	46,535
Due five years through ten years, Amortized Cost	3,747
Due after ten years, Amortized Cost	823
Total, amortized cost	66,209	$ 75,511
Due in one year or less, Fair Value	15,165
Due after one year through five years, Fair Value	47,521
Due five years through ten years, Fair Value	3,811
Due after ten years, Fair Value	1,228
Total, Fair Value	$ 67,725	$ 79,791

Investments In Securities and_6

Investments In Securities and Fair Value (Schedule Of Unrealized Losses On Investments) (Details) $ in Thousands	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions	13	9
Special revenue issuer obligations of U.S. states, territories and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Total temporarily impaired securities, Less than 12 Months, Fair Value	$ 2,383	$ 0
Total temporarily impaired securities, Less than 12 Months, Unrealized Losses	(53)	0
Total temporarily impaired securities, 12 Months or Longer, Fair Value	1,101	1,102
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(3)	(2)
Debt Securities, Available-for-sale, Unrealized Loss Position, Total	3,484	1,102
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(56)	(2)
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Total temporarily impaired securities, Less than 12 Months, Fair Value	2,633	8,493
Total temporarily impaired securities, Less than 12 Months, Unrealized Losses	(69)	(13)
Total temporarily impaired securities, 12 Months or Longer, Fair Value	6,111	6,203
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(96)	(35)
Debt Securities, Available-for-sale, Unrealized Loss Position, Total	8,744	14,696
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(165)	(48)
Total temporarily impaired securities
Debt Securities, Available-for-sale [Line Items]
Total temporarily impaired securities, Less than 12 Months, Fair Value	5,016	8,493
Total temporarily impaired securities, Less than 12 Months, Unrealized Losses	(122)	(13)
Total temporarily impaired securities, 12 Months or Longer, Fair Value	7,212	7,305
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(99)	(37)
Debt Securities, Available-for-sale, Unrealized Loss Position, Total	12,228	15,798
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	$ (221)	$ (50)

Investments In Securities and_7

Investments In Securities and Fair Value (Schedule of Equity Securities) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities, Cost	$ 28,484	$ 29,478
Equity securities, estimated fair value	69,945	76,853
Common stocks
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities, Cost	28,484	29,478
Equity securities, estimated fair value	$ 69,945	$ 76,853

Investments In Securities and_8

Investments In Securities and Fair Value (Schedule Of Gross Realized Gains And Losses On Securities) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Equity securities, realized gains	$ 1,747	$ 940
Debit and equity securities, realized gains	1,747	940
Debt Securities, Available-for-sale, Realized Loss	0	(23)
Equity securities, realized losses	0	(596)
Other-than-temporary impairment, gross realized losses	0
Debt and Equity Securities, Realized Loss	0	(619)
Debt and equity securities, net realized gain (loss)	1,747	321
Gross gains on sales of other investments	0	0
Gross losses on sales of other investments	0	0
Net gains (losses) on sales of other investments	0	0
Net realized investment gains (losses)	$ 1,747	$ 321

Investments In Securities and_9

Investments In Securities and Fair Value (Schedule of Variable Interest Entities) (Details) - Other investments $ in Thousands	Mar. 31, 2022USD ($)
Variable Interest Entity, Not Primary Beneficiary [Line Items]
Carrying Value	$ 12,927
Estimated Fair Value	14,179
Maximum Potential Loss (a)	21,496
Tax Credit LPs
Variable Interest Entity, Not Primary Beneficiary [Line Items]
Carrying Value	276
Estimated Fair Value	276
Maximum Potential Loss (a)	1,768
Real Estate LLCs or LPs
Variable Interest Entity, Not Primary Beneficiary [Line Items]
Carrying Value	3,887
Estimated Fair Value	5,098
Maximum Potential Loss (a)	5,408
Small Business Investment LPs
Variable Interest Entity, Not Primary Beneficiary [Line Items]
Carrying Value	8,764
Estimated Fair Value	8,805
Maximum Potential Loss (a)	$ 14,320

Investments In Securities an_10

Investments In Securities and Fair Value (Schedule Of Fair Value Assets Measured On Recurring Basis) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	$ 67,725	$ 79,791
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	67,725	79,791
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	0	0
General obligations of U.S. states, territories and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	56,605	61,795
General obligations of U.S. states, territories and political subdivisions \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	0	0
General obligations of U.S. states, territories and political subdivisions \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	56,605	61,795
General obligations of U.S. states, territories and political subdivisions \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	0	0
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	11,120	17,996
Corporate debt securities \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	0	0
Corporate debt securities \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	11,120	17,996
Corporate debt securities \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	$ 0	$ 0

Investments in Securities an_11

Investments in Securities and Fair Value (Schedule of Carrying Value and Fair Value of Financial Assets Disclosed) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 37,310	$ 37,168
Accrued interest and dividends	1,000	817
Equity securities, estimated fair value	69,945	76,853
Money market funds	58,555	45,930
Equity investments in unconsolidated affiliates, measurement alternative	8,908	8,688
Assets, fair value disclosure	175,718	169,456
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	37,310	37,168
Accrued interest and dividends	1,000	817
Equity securities, estimated fair value	69,945	76,853
Money market funds	58,555	45,930
Equity investments in unconsolidated affiliates, measurement alternative	0	0
Assets, fair value disclosure	166,810	160,768
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	0	0
Accrued interest and dividends	0	0
Equity securities, estimated fair value	0	0
Money market funds	0	0
Equity investments in unconsolidated affiliates, measurement alternative	0	0
Assets, fair value disclosure	0	0
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	0	0
Accrued interest and dividends	0	0
Equity securities, estimated fair value	0	0
Money market funds	0	0
Equity investments in unconsolidated affiliates, measurement alternative	8,908	8,688
Assets, fair value disclosure	$ 8,908	$ 8,688

Investments In Securities an_12

Investments In Securities and Fair Value (Schedule of Cost-method Investments) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
FairValueAssetsMeasuredOnNonrecurringBasisReconciliationCalculationRollForward [Line Items]
Beginning balance	$ 13,675	$ 8,741
Other than temporary impairment losses, investments	0	0
Observable changes	0	0
Purchases and additional commitments paid	250	6,543
Sales, returns of capital, and other reductions	(30)	(1,609)
Ending balance	13,895	13,675
Real Estate Investment
FairValueAssetsMeasuredOnNonrecurringBasisReconciliationCalculationRollForward [Line Items]
Beginning balance	4,987	0
Other than temporary impairment losses, investments	0	0
Observable changes	0	0
Purchases and additional commitments paid	0	5,000
Sales, returns of capital, and other reductions	0	(13)
Ending balance	4,987	4,987
Cost-method Investments
FairValueAssetsMeasuredOnNonrecurringBasisReconciliationCalculationRollForward [Line Items]
Beginning balance	8,688	8,741
Other than temporary impairment losses, investments	0	0
Observable changes	0	0
Purchases and additional commitments paid	250	1,543
Sales, returns of capital, and other reductions	(30)	(1,596)
Ending balance	$ 8,908	$ 8,688

Commitments And Contingencies (

Commitments And Contingencies (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Like-kind exchange deposits and reverse exchange property	$ 571.4	$ 763.9

Related Party Transactions Summ

Related Party Transactions Summary Of Approximate Values By Year Found Within Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Other investments	$ 20,217	$ 20,298
Premiums and fees receivable	23,850	22,953
Title Insurance Agencies
Related Party Transaction [Line Items]
Other investments	6,322	6,623
Premiums and fees receivable	$ 853	$ 882

Related Party Transactions Su_2

Related Party Transactions Summary Of Approximate Values By Year Found Within Consolidated Statements Of Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Related Party Transaction [Line Items]
Net premiums written	$ 63,125	$ 61,477
Other	299	208
Commissions to agents	29,857	30,542
Title Insurance Agencies
Related Party Transaction [Line Items]
Net premiums written	6,584	6,769
Other	1,370	752
Commissions to agents	$ 4,465	$ 4,474

Intangible Assets, Goodwill a_2

Intangible Assets, Goodwill and Title Plant (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Business Combinations [Abstract]
Impairment of Intangible Assets (Excluding Goodwill)	$ 0	$ 0
Goodwill	7,200
Title Plants	857
Goodwill, Impairment Loss	$ 0	$ 0

Intangible Assets, Goodwill a_3

Intangible Assets, Goodwill and Title Plant Schedule of Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Schedule of Finite-Lived Intangible Assets [Abstract]
Referral relationships	$ 8,567	$ 8,567
Non-compete agreements	2,938	2,938
Tradename	747	747
Total	12,252	12,252
Accumulated amortization	(3,835)	(3,505)
Identifiable intangible assets, net	$ 8,417	$ 8,747

Business Combinations, Intang_2

Business Combinations, Intangible Assets and Goodwill, Schedule of Aggregate Amortization Expense for Intangible Assets (Details) $ in Thousands	Mar. 31, 2022USD ($)
Business Combinations [Abstract]
2022	$ 953
2023	1,290
2024	1,107
2025	1,024
2026	1,024
Thereafter	2,833
Identifiable intangible assets, net	$ 8,231

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income Balances Of Each Component Of Accumulated Other Comprehensive Income, Net Of Tax (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 3,226
Other comprehensive loss	(2,008)	$ (610)
Ending balance	1,218
Unrealized Gains and Losses On Available-for-Sale Securities
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	3,370	4,470
Other comprehensive income before reclassifications	(2,181)	(592)
Amounts reclassified from accumulated other comprehensive income	0	(18)
Other comprehensive loss	(2,181)	(610)
Ending balance	1,189	3,860
Postretirement Benefit Plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(144)	(144)
Other comprehensive income before reclassifications	173	0
Amounts reclassified from accumulated other comprehensive income	0	0
Other comprehensive loss	173	0
Ending balance	29	(144)
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	3,226	4,326
Other comprehensive income before reclassifications	(2,008)	(592)
Amounts reclassified from accumulated other comprehensive income	0	(18)
Other comprehensive loss	(2,008)	(610)
Ending balance	$ 1,218	$ 3,716

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income Reclassification Out Of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net realized gain (loss) on investments	$ 1,747	$ 321
Other-than-temporary impairment loss, debt securities, available-for-sale, recognized in earnings	0
Income (loss) before income taxes	7,793	17,315
Tax	(1,608)	(3,492)
Net income	6,185	13,823
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income	0	18
Reclassification out of Accumulated Other Comprehensive Income \| Unrealized Gains and Losses on Available-For-Sale Securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net realized gain (loss) on investments	0	23
Other-than-temporary impairment loss, debt securities, available-for-sale, recognized in earnings	0	0
Income (loss) before income taxes	0	23
Tax	0	(5)
Net income	$ 0	$ 18

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended
Revenue Recognition (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	$ 7,490	$ 4,876
Total Revenues	68,998	72,078
Escrow and other title-related fees
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	5,064	2,798
Non-title services
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	2,426	2,078
Net premiums written
Disaggregation of Revenue [Line Items]
Other sources of revenue	63,125	61,477
Investment-related revenue
Disaggregation of Revenue [Line Items]
Other sources of revenue	(1,916)	5,517
Other
Disaggregation of Revenue [Line Items]
Other sources of revenue	$ 299	$ 208

Leases Operating Lease Cost (De

Leases Operating Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Lease expense	$ 563	$ 326
Short-term leases	67	64
Sub-lease income	0	0
Lease cost	$ 630	$ 390

Leases Current and Noncurrent L

Leases Current and Noncurrent Lease Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease, liability, current	$ 2,021	$ 1,547
Operating lease, liability, noncurrent	5,432	3,782
Operating lease, liability	$ 7,453	$ 5,329

Leases Schedule of Lease Paymen

Leases Schedule of Lease Payments (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Leases [Abstract]
2022	$ 2,211
2023	1,892
2024	1,571
2025	1,127
2026	934
Thereafter	284
Total undiscounted payments	8,019
Less: present value adjustment	(566)
Operating lease, liability	$ 7,453	$ 5,329

Leases Other Information (Detai

Leases Other Information (Details)	Mar. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Weighted average remaining lease term (years)	4 years 1 month 20 days	4 years 1 month 17 days
Weighted average discount rate	4.00%	4.20%