Investors Title (ITIC) 10-Q 10 May 21 2021 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2021	Apr. 21, 2021
Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2021
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		1,894,122
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, 2021	Dec. 31, 2020
Assets:
Cash and cash equivalents	$ 22,964	$ 13,723
Investments in securities:
Fixed maturity securities, available-for-sale, at fair value (amortized cost: March 31, 2021: $98,068; December 31, 2020: $112,037)	102,970	117,713
Equity securities, at fair value (cost: March 31, 2021: $28,967; December 31, 2020: $32,478)	64,646	64,919
Short-term investments	30,498	15,170
Other investments	14,840	15,493
Total investments	212,954	213,295
Premium and fees receivable	20,188	19,427
Accrued interest and dividends	1,232	1,038
Prepaid expenses and other receivables	10,622	9,418
Property, net	12,338	11,160
Goodwill and other intangible assets, net	10,119	9,771
Operating lease right-of-use assets	3,379	3,533
Other assets	1,744	1,560
Total Assets	295,540	282,925
Liabilities:
Reserve for claims	34,562	33,584
Accounts payable and accrued liabilities	32,038	36,020
Operating lease liabilities	3,509	3,669
Current income taxes payable	3,377	638
Deferred income taxes, net	9,181	8,592
Total liabilities	82,667	82,503
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; 1,894 and 1,892 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively, excluding in each period 292 shares of common stock held by the Company)	0	0
Retained earnings	209,157	196,096
Accumulated other comprehensive income	3,716	4,326
Total stockholders' equity	212,873	200,422
Total Liabilities and Stockholders’ Equity	$ 295,540	$ 282,925

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ / shares in Thousands, $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Fixed maturities, available-for-sale, amortized cost	$ 98,068	$ 112,037
Equity securities, cost	$ 28,967	$ 32,478
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	1,894	1,892
Common stock, shares outstanding	1,894	1,892
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, 2021	Mar. 31, 2020
Revenues:
Net premiums written	$ 61,477	$ 38,627
Escrow and other title-related fees	2,798	1,842
Non-title services	2,078	2,547
Interest and dividends	1,016	1,177
Other investment income	941	440
Net realized investment gains (losses)	321	(412)
Changes in the estimated fair value of equity security investments	3,239	(14,458)
Other	208	138
Total Revenues	72,078	29,901
Operating Expenses:
Commissions to agents	30,542	20,187
Provision for claims	1,591	906
Personnel expenses	16,153	11,809
Office and technology expenses	2,742	2,415
Other expenses	3,735	3,113
Total Operating Expenses	54,763	38,430
Income (Loss) before Income Taxes	17,315	(8,529)
Provision (Benefit) for Income Taxes	3,492	(1,518)
Net Income (Loss)	$ 13,823	$ (7,011)
Basic Earnings (Loss) per Common Share	$ 7.30	$ (3.71)
Weighted Average Shares Outstanding – Basic	1,894	1,890
Diluted Earnings (Loss) per Common Share	$ 7.29	$ (3.71)
Weighted Average Shares Outstanding – Diluted	1,897	1,890

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 13,823	$ (7,011)
Other comprehensive income, before tax:
Accumulated postretirement benefit obligation adjustment	0	(41)
Net unrealized loss on investments arising during the period	(750)	(391)
Reclassification adjustment for sale of securities included in net income (loss)	(23)	(30)
Reclassification adjustment for write-down of securities included in net income (loss)	0	482
Other comprehensive (loss) income, before tax	(773)	20
Income tax benefit related to postretirement health benefits	0	(9)
Income tax benefit related to net unrealized loss on investments arising during the period	(158)	(87)
Income tax benefit related to reclassification adjustment for sale of securities included in net income (loss)	(5)	(6)
Income tax expense related to reclassification adjustment for write-down of securities included in net income (loss)	0	110
Net income tax (benefit) expense on other comprehensive (loss) income	(163)	8
Other comprehensive (loss) income	(610)	12
Comprehensive Income (Loss)	$ 13,213	$ (6,999)

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 year, shares at Dec. 31, 2019		1,889
Balance, beginning of year at Dec. 31, 2019	$ 191,362	$ 0	$ 188,262	$ 3,100
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(7,011)		(7,011)
Dividends paid	(832)		(832)
Stock options and stock appreciation rights exercised (in shares)		2
Stock options and stock appreciation rights exercised	(1)		(1)
Share-based compensation expense related to stock appreciation rights	117		117
Accumulated postretirement benefit obligation adjustment	(32)			(32)
Net unrealized gain (loss) on investments	44			44
Balance, end of year, shares at Mar. 31, 2020		1,891
Balance, end of year at Mar. 31, 2020	183,647	$ 0	180,535	3,112
Balance, beginning of year, shares at Dec. 31, 2020		1,892
Balance, beginning of year at Dec. 31, 2020	200,422	$ 0	196,096	4,326
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	13,823		13,823
Dividends paid	(832)		(832)
Stock options and stock appreciation rights exercised (in shares)		2
Stock options and stock appreciation rights exercised	(1)		(1)
Share-based compensation expense related to stock appreciation rights	71		71
Accumulated postretirement benefit obligation adjustment	0
Net unrealized gain (loss) on investments	(610)			(610)
Balance, end of year, shares at Mar. 31, 2021		1,894
Balance, end of year at Mar. 31, 2021	$ 212,873	$ 0	$ 209,157	$ 3,716

Consolidated Statements Of St_2

Consolidated Statements Of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement of Stockholders' Equity [Abstract]
Common Stock, Dividends, Per Share, Cash Paid	$ 0.44	$ 0.44

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Operating Activities
Net income (loss)	$ 13,823	$ (7,011)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	430	457
Amortization of investments, net	285	248
Amortization of other intangible assets, net	134	126
Share-based compensation expense related to stock appreciation rights	71	117
Net gain on disposals of property	(8)	(2)
Net realized investment (gains) losses	(321)	412
Net change in estimated fair value of equity security investments	(3,239)	14,458
Net earnings from other investments	(594)	(315)
Provision for claims	1,591	906
Provision (benefit) for deferred income taxes	753	(3,057)
Changes in assets and liabilities:
(Increase) decrease in premium and fees receivables	(761)	193
Increase in other assets	(2,064)	(4,743)
Decrease in operating lease right-of-use assets	154	169
Decrease in accounts payable and accrued liabilities	(3,982)	(543)
Decrease in operating lease liabilities	(160)	(165)
Increase in current income taxes payable	2,739	1,581
Payments of claims, net of recoveries	(613)	(832)
Net cash provided by operating activities	8,238	1,999
Investing Activities
Purchases of equity securities	(976)	(5,866)
Purchases of short-term investments	(16,578)	(3,540)
Purchases of other investments	(286)	(328)
Proceeds from sales and maturities of fixed maturity securities	13,660	2,579
Proceeds from sales of equity securities	4,831	4,557
Proceeds from sales and maturities of short-term investments	1,251	1,034
Proceeds from sales and distributions of other investments	1,534	401
Proceeds from sales of other assets	0	10
Purchases of property	(1,613)	(643)
Proceeds from the sale of property	13	5
Net cash provided by (used in) investing activities	1,836	(1,791)
Financing Activities
Exercise of stock appreciation rights	(1)	(1)
Dividends paid	(832)	(832)
Net cash used in financing activities	(833)	(833)
Net Increase (Decrease) in Cash and Cash Equivalents	9,241	(625)
Cash and Cash Equivalents, Beginning of Period	13,723	25,949
Cash and Cash Equivalents, End of Period	22,964	25,324
Cash Paid During the Year for:
Income tax payments, net	0	(42)
Non-cash net unrealized loss (gain) on investments, net of deferred tax benefit (provision) of $163 and $(17) for March 31, 2021 and 2020, respectively	610	(44)
Adjustments to postretirement benefits obligation, net of deferred tax benefit of $— and $9 for March 31, 2021 and 2020, respectively	$ 0	$ 32

Consolidated Statements Of Ca_2

Consolidated Statements Of Cash Flows (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement of Cash Flows [Abstract]
Non-cash net unrealized loss (gain) on investments, net of deferred tax provision (benefit)	$ 163	$ (17)
Adjustments to postretirement benefits obligation, net of deferred tax benefit	$ 0	$ 9

Basis Of Presentation And Signi

Basis Of Presentation And Significant Accounting Policies	3 Months Ended
	Mar. 31, 2021
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, 2020 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 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, 2021 are not necessarily indicative of the financial condition and results that may be expected for the year ending December 31, 2021 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. Recently Adopted Accounting Standards In December 2019, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2019-12, Simplifying the Accounting for Income Taxes . ASU 2019-12 was intended to reduce the complexity in accounting for income taxes during interim and annual periods and provided clarity on income tax situations where a diversity in practice had developed. The update was effective for annual and interim periods in fiscal years beginning after December 15, 2020. The Company adopted this update on January 1, 2021, with no material impact on the Company's financial position and results of operations. In January 2020, the FASB issued ASU 2020-01, Investments - Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815). This update clarified that an entity should consider observable transactions that require it to either apply or discontinue the equity method of accounting for the purposes of applying the measurement alternative immediately before applying or upon discontinuing the equity method. In addition, this update clarified that, when determining the accounting for certain forward contracts and purchased options, a company should not consider, whether upon settlement or exercise, if the underlying securities would be accounted for under the equity method or fair value option. The update was effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. The Company adopted this update on January 1, 2021, with no material impact on the Company's financial position and results of operations.

Reserves For Claims

Reserves For Claims	3 Months Ended
	Mar. 31, 2021
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, 2021 and the year ended December 31, 2020 are summarized as follows: (in thousands) March 31, 2021 December 31, 2020 Balance, beginning of period $ 33,584 $ 31,333 Provision charged to operations 1,591 5,204 Payments of claims, net of recoveries (613) (2,953) Balance, end of period $ 34,562 $ 33,584 The total reserve for all reported and unreported losses the Company incurred through March 31, 2021 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, 2021. 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, 2021 % December 31, 2020 % Known title claims $ 3,452 10.0 $ 3,585 10.7 IBNR 31,110 90.0 29,999 89.3 Total reserve for claims $ 34,562 100.0 $ 33,584 100.0 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
	Mar. 31, 2021
Earnings Per Share [Abstract]
Earnings Per Common Share And Share Awards	Earnings Per Common Share and Share AwardsBasic earnings (loss) per common share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the reporting period. Diluted earnings (loss) per common share is computed by dividing net income (loss) 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 (loss) per share for the three-month periods ended March 31: Three Months Ended (in thousands, except per share amounts) 2021 2020 Net income (loss) $ 13,823 $ (7,011) Weighted average common shares outstanding – Basic 1,894 1,890 Incremental shares outstanding assuming the exercise of dilutive SARs (share-settled) 3 — Weighted average common shares outstanding – Diluted 1,897 1,890 Basic earnings (loss) per common share $ 7.30 $ (3.71) Diluted earnings (loss) per common share $ 7.29 $ (3.71) There were 15 thousand potential shares excluded from the computation of diluted earnings per share for the three-month period ended March 31, 2021, due to the out-of-the-money status of the related share-based awards. Diluted loss per share is the same as basic loss per share for the three-month period ended March 31, 2020 because potential dilutive securities would have an antidilutive effect. The Company historically has adopted employee stock award plans under which restricted stock, options or stock appreciation rights ("SARs") exercisable for the Company's common 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, 2021, 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, 2020 30 $ 124.13 3.53 $ 1,352 SARs granted 14 137.40 SARs exercised (8) 75.75 Outstanding as of December 31, 2020 36 $ 139.16 4.38 $ 903 SARs granted — — SARs exercised (3) 68.70 Outstanding as of March 31, 2021 33 $ 145.47 4.49 $ 910 Exercisable as of March 31, 2021 26 $ 146.55 4.03 $ 738 Unvested as of March 31, 2021 7 $ 141.37 6.24 $ 172 During the first quarter of 2020, the Company issued 7 thousand share-settled SARs to directors and employees of the Company. There were no such issuances in the first quarter of 2021. SARs give the holder the right to receive stock equal to the appreciation in the value of shares of stock from the grant date for a specified period of time, and as a result, are accounted for as equity instruments. The fair value of each award is estimated on the date of grant using the Black-Scholes option valuation model with the weighted average assumptions noted in the table shown below. Expected volatilities are based on both the implied and historical volatility of the Company’s common stock. The Company uses historical data to project SAR exercises and pre-exercise forfeitures within the valuation model. The expected term of awards represents the period of time that SARs granted are expected to be outstanding. The interest rate assumed for the expected life of the award is based on the U.S. Treasury yield curve in effect at the time of the grant. The weighted average fair value for the SARs issued during first quarter 2020 was $35.49 and was estimated using the weighted average assumptions shown in the table below. 2020 Expected Life in Years 6.2 - 7.0 Volatility 27.2% Interest Rate 0.8% Yield Rate 1.0% There was approximately $71 thousand and $118 thousand of compensation expense relating to SARs vesting on or before March 31, 2021 and 2020, respectively, included in personnel expenses in the unaudited Consolidated Statements of Operations. As of March 31, 2021, there was $266 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
	Mar. 31, 2021
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, 2021 and 2020: Three Months Ended Title Insurance All Other 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 Three Months Ended Title Insurance All Other Intersegment Eliminations Total Insurance and other services revenues $ 41,853 $ 2,805 $ (1,504) $ 43,154 Investment loss (11,460) (1,381) — (12,841) Net realized gain (loss) on investments 63 (475) — (412) Total revenues $ 30,456 $ 949 $ (1,504) $ 29,901 Operating expenses 37,443 2,345 (1,358) 38,430 Loss before income taxes $ (6,987) $ (1,396) $ (146) $ (8,529) Total assets $ 187,236 $ 66,882 $ — $ 254,118

Retirement Agreements And Other

Retirement Agreements And Other Postretirement Benefits	3 Months Ended
	Mar. 31, 2021
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 $13.3 million and $12.5 million as of March 31, 2021 and December 31, 2020, 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, 2021 and 2020: Three Months Ended (in thousands) 2021 2020 Service cost – benefits earned during the year $ — $ — Interest cost on the projected benefit obligation 7 8 Amortization of unrecognized losses — — Net periodic benefit cost $ 7 $ 8

Investments In Securities and F

Investments In Securities and Fair Value	3 Months Ended
	Mar. 31, 2021
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, 2021 (in thousands) Amortized Gross Gross Estimated Fair Fixed maturity securities, available-for-sale, at fair value: Government obligations $ 12,003 $ 7 $ — $ 12,010 General obligations of U.S. states, territories and political subdivisions 17,333 1,053 — 18,386 Special revenue issuer obligations of U.S. states, territories and political subdivisions 44,671 2,816 3 47,484 Corporate debt securities 24,061 1,067 38 25,090 Total $ 98,068 $ 4,943 $ 41 $ 102,970 As of December 31, 2020 (in thousands) Amortized Gross Gross Estimated Fair Fixed maturity securities, available-for-sale, at fair value: Government obligations $ 24,026 $ 57 $ — $ 24,083 General obligations of U.S. states, territories and political subdivisions 17,391 1,262 — 18,653 Special revenue issuer obligations of U.S. states, territories and political subdivisions 44,939 3,270 3 48,206 Corporate debt securities 25,681 1,114 24 26,771 Total $ 112,037 $ 5,703 $ 27 $ 117,713 The special revenue category for both periods presented includes approximately 50 individual fixed maturity securities with revenue sources from a variety of industry sectors. The scheduled maturities of fixed maturity securities at March 31, 2021 are as follows: Available-for-Sale (in thousands) Amortized Estimated Fair Due in one year or less $ 34,295 $ 34,374 Due one year through five years 48,397 51,577 Due five years through ten years 14,558 15,674 Due after ten years 818 1,345 Total $ 98,068 $ 102,970 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, 2021 and December 31, 2020: Less than 12 Months 12 Months or Longer Total As of March 31, 2021 (in thousands) Estimated Unrealized Estimated Unrealized Estimated Unrealized Special revenue issuer obligations of U.S. states, territories and political subdivisions $ — $ — $ 1,102 $ (3) $ 1,102 $ (3) Corporate debt securities 20,005 (38) — — 20,005 (38) Total temporarily impaired securities $ 20,005 $ (38) $ 1,102 $ (3) $ 21,107 $ (41) Less than 12 Months 12 Months or Longer Total As of December 31, 2020 (in thousands) Estimated Unrealized Estimated Unrealized Estimated Unrealized Special revenue issuer obligations of U.S. states, territories and political subdivisions $ — $ — $ 1,103 $ (3) $ 1,103 $ (3) Corporate debt securities 20,630 (24) — — 20,630 (24) Total temporarily impaired securities $ 20,630 $ (24) $ 1,103 $ (3) $ 21,733 $ (27) 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. 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. 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 12 fixed maturity securities had unrealized losses at March 31, 2021 and December 31, 2020. 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 recorded $0 and $482 thousand of other-than-temporary impairment charges related to fixed maturity securities for the three-month periods ended March 31, 2021 and 2020, respectively. Expenses related to other-than-temporary impairments are recorded in net realized investment gains (losses) 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, 2021 (in thousands) Cost Estimated Fair Equity securities, at fair value: Common stocks $ 28,967 $ 64,646 Total $ 28,967 $ 64,646 As of December 31, 2020 (in thousands) Cost Estimated Fair Equity securities, at fair value: Common stocks $ 32,478 $ 64,919 Total $ 32,478 $ 64,919 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 (Losses) Gross realized gains and losses on sales of investments for the three-month periods ended March 31 are summarized as follows: (in thousands) 2021 2020 Gross realized gains from securities: Corporate debt securities $ — $ 30 Common stocks 940 747 Total $ 940 $ 777 Gross realized losses from securities: Corporate debt securities $ (23) $ — Common stocks (596) (722) Other-than-temporary impairment of securities — (482) Total $ (619) $ (1,204) Net realized gains (losses) from securities $ 321 $ (427) Gross realized gains (losses) on other investments: Gains on other investments $ — $ 20 Losses on other investments — (5) Total $ — $ 15 Net realized investment gains (losses) $ 321 $ (412) 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, 2021: (in thousands) Balance Sheet Classification Carrying Value Estimated Fair Value Maximum Potential Loss (a) Tax credit LPs Other investments $ 267 $ 267 $ 1,768 Real estate LLCs or LPs Other investments 5,091 5,310 7,750 Small business investment LPs Other investments 7,269 7,458 13,295 Total $ 12,627 $ 13,035 $ 22,813 (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 FASB 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 Measurements and Disclosures . Generally, quotes obtained from the pricing service for instruments classified as Level 2 are not adjusted and are not binding. As of March 31, 2021 and December 31, 2020, 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 820 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. 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, 2021 and December 31, 2020: As of March 31, 2021 (in thousands) Level 1 Level 2 * Level 3 Total Fixed maturity securities: Obligations of U.S. states, territories and political subdivisions $ 12,010 $ 65,870 $ — $ 77,880 Corporate debt securities — 25,090 — 25,090 Total $ 12,010 $ 90,960 $ — $ 102,970 As of December 31, 2020 (in thousands) Level 1 Level 2 * Level 3 Total Fixed maturity securities: Obligations of U.S. states, territories and political subdivisions $ 24,083 $ 66,859 $ — $ 90,942 Corporate debt securities — 26,771 — 26,771 Total $ 24,083 $ 93,630 $ — $ 117,713 *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, 2021 and December 31, 2020: As of March 31, 2021 (in thousands) Level 1 Level 2 Level 3 Total Financial assets: Cash and cash equivalents $ 22,964 $ — $ — $ 22,964 Accrued interest and dividends 1,232 — — 1,232 Equity securities, at fair value: Common stocks 64,646 — — 64,646 Short-term investments: Money market funds and commercial paper 30,498 — — 30,498 Other investments: Equity investments in unconsolidated affiliates, equity method — — 6,080 6,080 Equity investments in unconsolidated affiliates, measurement alternative — — 8,760 8,760 Total $ 119,340 $ — $ 14,840 $ 134,180 As of December 31, 2020 (in thousands) Level 1 Level 2 Level 3 Total Financial assets: Cash and cash equivalents $ 13,723 $ — $ — $ 13,723 Accrued interest and dividends 1,038 — — 1,038 Equity securities, at fair value: Common stocks 64,919 — — 64,919 Short-term investments: Money market funds, Treasury bills, commercial paper and certificates of deposit 15,170 — — 15,170 Other investments: Equity investments in unconsolidated affiliates, equity method — — 6,752 6,752 Equity investments in unconsolidated affiliates, measurement alternative — — 8,741 8,741 Total $ 94,850 $ — $ 15,493 $ 110,343 The Company did not hold any Level 3 category debt or marketable equity investment securities as of March 31, 2021 or December 31, 2020. 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. The Company believes that these processes and inputs result in appropriate classifications and estimated fair values consistent with ASC 820. Certain equity investments under the measurement alternative 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, 2021 or the twelve-month period ended December 31, 2020. The following table presents a rollforward of equity investments under the measurement alternative as of March 31, 2021 and December 31, 2020: (in thousands) Balance, Amounts Impaired Observable Changes Purchases and Sales, Returns of Capital and Other Reductions Balance, March 31, 2021 Other investments: Equity investments in unconsolidated affiliates, measurement alternative $ 8,741 $ — $ — $ 211 $ (192) $ 8,760 Total $ 8,741 $ — $ — $ 211 $ (192) $ 8,760 (in thousands) Balance, Amounts Impaired Observable Changes Purchases and Sales, Returns of Capital and Other Reductions Balance, December 31, 2020 Other investments: Equity investments in unconsolidated affiliates, measurement alternative $ 7,899 $ — $ — $ 1,227 $ (385) $ 8,741 Total $ 7,899 $ — $ — $ 1,227 $ (385) $ 8,741

Commitments And Contingencies

Commitments And Contingencies	3 Months Ended
	Mar. 31, 2021
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 be, in the aggregate, material to the Company’s unaudited 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, examinations, and inquiries. It is the opinion of management based on its present expectations that findings from these audits, examinations, and inquiries will not have a material impact on the Company’s unaudited 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 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 subsidiary, Investors Title Accommodation Corporation (“ITAC”), serves as exchange accommodation titleholder and, through limited liability companies 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 $247.9 million and $237.9 million as of March 31, 2021 and December 31, 2020, 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 revenue rather than investment income. These like-kind exchange funds are primarily invested in money market and other short-term investments. COVID-19 – While certain COVID-19 vaccines have been approved in recent months and are now available for use, the U.S. and other countries continue to be affected by the COVID-19 pandemic. Despite increasing availability of vaccines, COVID-19 has continued to spread across the globe, including in U.S. states where the Company conducts business. The COVID-19 pandemic has negatively impacted worldwide economic activity and created significant volatility and disruption of financial markets. In response, the U.S. government and its agencies have taken a number of significant measures to provide fiscal and monetary stimulus. Such actions include 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. The Company is fully operational and did not have any reductions in workforce during 2020 or the first quarter of 2021. A large portion of the Company's workforce is performing their job functions remotely. The Company has not taken stimulus relief funding or incurred any other forms of debt. The primary impact of the COVID-19 pandemic on the Company’s 2020 results of operations was a reduction in value of the investment portfolio during the first quarter of 2020. Purchase volume, refinance activity and the overall stock market were strong in the latter half of 2020, which continued into the first quarter of 2021. Lower average mortgage interest rates, a tight real estate supply and pent-up demand spurred real estate activity and prices. It is unclear if real estate activity will remain as resilient in future periods. It is possible that net premiums written could decline in the future due to the pandemic and the economic disruption it is causing. The COVID-19 pandemic continues to evolve and any recovery could be slowed or reversed by a number of factors, including, but not limited to, a widespread resurgence in COVID-19 infections, whether due to spread of variants of the virus or otherwise and the availability and rate of vaccinations. Because of the inherent uncertainty regarding the duration and severity of the COVID-19 pandemic and its effects on the economy, as well as uncertainty regarding the effects of government measures already taken, and which may be taken or continued in the future, to combat the spread of the virus, and/or provide additional economic stimulus, the Company is currently unable to predict what the ultimate impact of the pandemic on its business will be.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company does business with, and has investments in, unconsolidated limited liability companies that are primarily title insurance agencies. The Company utilizes the equity method to account for its investment in these limited liability companies. The following tables set forth the approximate values by year found within each financial statement classification: Financial Statement Classification, Consolidated Balance Sheets (unaudited) (in thousands) As of As of Other investments $ 6,080 $ 6,752 Premium and fees receivable $ 776 $ 753 Financial Statement Classification, Consolidated Statements of Operations (unaudited) (in thousands) Three Months Ended 2021 2020 Net premiums written $ 6,769 $ 4,057 Non-title services and other investment income $ 752 $ 502 Commissions to agents $ 4,474 $ 2,679

Intangible Assets, Goodwill and

Intangible Assets, Goodwill and Title Plant	3 Months Ended
	Mar. 31, 2021
Business Combinations [Abstract]
Business Combinations, Intangible Assets and Goodwill	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, 2021 and 2020 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 $ 6,708 $ 6,416 Non-compete agreements 1,409 1,406 Tradenames 747 560 Total 8,864 8,382 Accumulated amortization (3,095) (2,961) Identifiable intangible assets, net $ 5,769 $ 5,421 The following table provides the estimated aggregate amortization expense for each of the five succeeding fiscal years: Year Ended (in thousands) 2021 $ 409 2022 574 2023 574 2024 522 2025 504 Thereafter 2,999 Total $ 5,582 Goodwill and Title Plants As of March 31, 2021, the Company recognized $4.4 million in goodwill and $690 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, Intangibles – Goodwill and Other , management determined that no events or changes in circumstances occurred during the three-month periods ended March 31, 2021 and 2020 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
	Mar. 31, 2021
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income The following tables provide changes in the balances of each component of accumulated other comprehensive income, net of tax, for the periods ended March 31, 2021 and 2020: 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 Three Months Ended Unrealized Gains and Losses Postretirement Total Beginning balance at January 1 $ 3,132 $ (32) $ 3,100 Other comprehensive loss before reclassifications (304) (32) (336) Amounts reclassified from accumulated other comprehensive income 348 — 348 Net current-period other comprehensive income (loss) 44 (32) 12 Ending balance $ 3,176 $ (64) $ 3,112 The following table provides significant amounts reclassified out of each component of accumulated other comprehensive income for the three-month periods ended March 31, 2021 and 2020: Three Months Ended Details about Accumulated Other Amount Reclassified from Affected Line Item in the Consolidated Statements of Operations (unaudited) Unrealized gains (losses) on available-for-sale securities: Net realized gain on investments $ 23 Other-than-temporary impairments — Total $ 23 Net realized investment gains (losses) Tax (5) Provision (benefit) for income taxes Net of Tax $ 18 Reclassifications for the period $ 18 Three Months Ended Details about Accumulated Other Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Consolidated Statements of Operations (unaudited) Unrealized gains (losses) on available-for-sale securities: Net realized gain on investments $ 30 Other-than-temporary impairments (482) Total $ (452) Net realized investment gains (losses) Tax 104 Provision (benefit) for income taxes Net of Tax $ (348) Reclassifications for the period $ (348)

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue from Contracts with Customers ASU 2014-09, Revenue from Contracts with Customers (Topic 606) 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) 2021 2020 Revenue from contracts with customers: Escrow and other title-related fees $ 2,798 $ 1,842 Non-title services 2,078 2,547 Total revenue from contracts with customers 4,876 4,389 Other sources of revenue: Net premiums written 61,477 38,627 Investment-related revenue 5,517 (13,253) Other 208 138 Total revenues $ 72,078 $ 29,901

Leases

Leases	3 Months Ended
	Mar. 31, 2021
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) 2021 2020 Operating leases $ 326 $ 320 Short-term leases (b) 64 30 Lease expense $ 390 $ 350 Sub-lease income — — Lease cost $ 390 $ 350 (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 $ 819 $ 1,068 Non-current: Operating lease liabilities 2,690 2,601 Total operating lease liabilities $ 3,509 $ 3,669 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, 2021, are summarized as follows: Year Ended (in thousands) 2021 $ 923 2022 989 2023 698 2024 526 2025 338 Thereafter 375 Total undiscounted payments $ 3,849 Less: present value adjustment (340) Operating lease liabilities $ 3,509 Supplemental lease information is as follows: As of As of Weighted average remaining lease term (years) 4.20 4.24 Weighted average discount rate 4.5 % 4.6 % 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, 2021
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 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, 2021 are not necessarily indicative of the financial condition and results that may be expected for the year ending December 31, 2021 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.
Recently Issued Accounting Standards	Recently Adopted Accounting Standards In December 2019, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2019-12, Simplifying the Accounting for Income Taxes . ASU 2019-12 was intended to reduce the complexity in accounting for income taxes during interim and annual periods and provided clarity on income tax situations where a diversity in practice had developed. The update was effective for annual and interim periods in fiscal years beginning after December 15, 2020. The Company adopted this update on January 1, 2021, with no material impact on the Company's financial position and results of operations. In January 2020, the FASB issued ASU 2020-01, Investments - Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815). This update clarified that an entity should consider observable transactions that require it to either apply or discontinue the equity method of accounting for the purposes of applying the measurement alternative immediately before applying or upon discontinuing the equity method. In addition, this update clarified that, when determining the accounting for certain forward contracts and purchased options, a company should not consider, whether upon settlement or exercise, if the underlying securities would be accounted for under the equity method or fair value option. The update was effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. The Company adopted this update on January 1, 2021, with no material impact on the Company's financial position and results of operations.

Reserves For Claims (Tables)

Reserves For Claims (Tables)	3 Months Ended
	Mar. 31, 2021
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, 2021 and the year ended December 31, 2020 are summarized as follows: (in thousands) March 31, 2021 December 31, 2020 Balance, beginning of period $ 33,584 $ 31,333 Provision charged to operations 1,591 5,204 Payments of claims, net of recoveries (613) (2,953) Balance, end of period $ 34,562 $ 33,584
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, 2021 % December 31, 2020 % Known title claims $ 3,452 10.0 $ 3,585 10.7 IBNR 31,110 90.0 29,999 89.3 Total reserve for claims $ 34,562 100.0 $ 33,584 100.0

Earnings Per Common Share And_2

Earnings Per Common Share And Share Awards (Tables)	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Computation Of Basic And Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings (loss) per share for the three-month periods ended March 31: Three Months Ended (in thousands, except per share amounts) 2021 2020 Net income (loss) $ 13,823 $ (7,011) Weighted average common shares outstanding – Basic 1,894 1,890 Incremental shares outstanding assuming the exercise of dilutive SARs (share-settled) 3 — Weighted average common shares outstanding – Diluted 1,897 1,890 Basic earnings (loss) per common share $ 7.30 $ (3.71) Diluted earnings (loss) per common share $ 7.29 $ (3.71)
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, 2020 30 $ 124.13 3.53 $ 1,352 SARs granted 14 137.40 SARs exercised (8) 75.75 Outstanding as of December 31, 2020 36 $ 139.16 4.38 $ 903 SARs granted — — SARs exercised (3) 68.70 Outstanding as of March 31, 2021 33 $ 145.47 4.49 $ 910 Exercisable as of March 31, 2021 26 $ 146.55 4.03 $ 738 Unvested as of March 31, 2021 7 $ 141.37 6.24 $ 172
Share-Based Valuation Assumptions	The weighted average fair value for the SARs issued during first quarter 2020 was $35.49 and was estimated using the weighted average assumptions shown in the table below. 2020 Expected Life in Years 6.2 - 7.0 Volatility 27.2% Interest Rate 0.8% Yield Rate 1.0%

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2021
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, 2021 and 2020: Three Months Ended Title Insurance All Other 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 Three Months Ended Title Insurance All Other Intersegment Eliminations Total Insurance and other services revenues $ 41,853 $ 2,805 $ (1,504) $ 43,154 Investment loss (11,460) (1,381) — (12,841) Net realized gain (loss) on investments 63 (475) — (412) Total revenues $ 30,456 $ 949 $ (1,504) $ 29,901 Operating expenses 37,443 2,345 (1,358) 38,430 Loss before income taxes $ (6,987) $ (1,396) $ (146) $ (8,529) Total assets $ 187,236 $ 66,882 $ — $ 254,118

Retirement Agreements And Oth_2

Retirement Agreements And Other Postretirement Benefits (Tables)	3 Months Ended
	Mar. 31, 2021
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, 2021 and 2020: Three Months Ended (in thousands) 2021 2020 Service cost – benefits earned during the year $ — $ — Interest cost on the projected benefit obligation 7 8 Amortization of unrecognized losses — — Net periodic benefit cost $ 7 $ 8

Investments In Securities and_2

Investments In Securities and Fair Value (Tables)	3 Months Ended
	Mar. 31, 2021
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, 2021 (in thousands) Amortized Gross Gross Estimated Fair Fixed maturity securities, available-for-sale, at fair value: Government obligations $ 12,003 $ 7 $ — $ 12,010 General obligations of U.S. states, territories and political subdivisions 17,333 1,053 — 18,386 Special revenue issuer obligations of U.S. states, territories and political subdivisions 44,671 2,816 3 47,484 Corporate debt securities 24,061 1,067 38 25,090 Total $ 98,068 $ 4,943 $ 41 $ 102,970 As of December 31, 2020 (in thousands) Amortized Gross Gross Estimated Fair Fixed maturity securities, available-for-sale, at fair value: Government obligations $ 24,026 $ 57 $ — $ 24,083 General obligations of U.S. states, territories and political subdivisions 17,391 1,262 — 18,653 Special revenue issuer obligations of U.S. states, territories and political subdivisions 44,939 3,270 3 48,206 Corporate debt securities 25,681 1,114 24 26,771 Total $ 112,037 $ 5,703 $ 27 $ 117,713 The cost and estimated fair value of equity securities are as follows: As of March 31, 2021 (in thousands) Cost Estimated Fair Equity securities, at fair value: Common stocks $ 28,967 $ 64,646 Total $ 28,967 $ 64,646 As of December 31, 2020 (in thousands) Cost Estimated Fair Equity securities, at fair value: Common stocks $ 32,478 $ 64,919 Total $ 32,478 $ 64,919
Schedule Of Fixed Maturity Securities	The scheduled maturities of fixed maturity securities at March 31, 2021 are as follows: Available-for-Sale (in thousands) Amortized Estimated Fair Due in one year or less $ 34,295 $ 34,374 Due one year through five years 48,397 51,577 Due five years through ten years 14,558 15,674 Due after ten years 818 1,345 Total $ 98,068 $ 102,970
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, 2021 and December 31, 2020: Less than 12 Months 12 Months or Longer Total As of March 31, 2021 (in thousands) Estimated Unrealized Estimated Unrealized Estimated Unrealized Special revenue issuer obligations of U.S. states, territories and political subdivisions $ — $ — $ 1,102 $ (3) $ 1,102 $ (3) Corporate debt securities 20,005 (38) — — 20,005 (38) Total temporarily impaired securities $ 20,005 $ (38) $ 1,102 $ (3) $ 21,107 $ (41) Less than 12 Months 12 Months or Longer Total As of December 31, 2020 (in thousands) Estimated Unrealized Estimated Unrealized Estimated Unrealized Special revenue issuer obligations of U.S. states, territories and political subdivisions $ — $ — $ 1,103 $ (3) $ 1,103 $ (3) Corporate debt securities 20,630 (24) — — 20,630 (24) Total temporarily impaired securities $ 20,630 $ (24) $ 1,103 $ (3) $ 21,733 $ (27)
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 are summarized as follows: (in thousands) 2021 2020 Gross realized gains from securities: Corporate debt securities $ — $ 30 Common stocks 940 747 Total $ 940 $ 777 Gross realized losses from securities: Corporate debt securities $ (23) $ — Common stocks (596) (722) Other-than-temporary impairment of securities — (482) Total $ (619) $ (1,204) Net realized gains (losses) from securities $ 321 $ (427) Gross realized gains (losses) on other investments: Gains on other investments $ — $ 20 Losses on other investments — (5) Total $ — $ 15 Net realized investment gains (losses) $ 321 $ (412)
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, 2021: (in thousands) Balance Sheet Classification Carrying Value Estimated Fair Value Maximum Potential Loss (a) Tax credit LPs Other investments $ 267 $ 267 $ 1,768 Real estate LLCs or LPs Other investments 5,091 5,310 7,750 Small business investment LPs Other investments 7,269 7,458 13,295 Total $ 12,627 $ 13,035 $ 22,813 (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, 2021 and December 31, 2020: As of March 31, 2021 (in thousands) Level 1 Level 2 * Level 3 Total Fixed maturity securities: Obligations of U.S. states, territories and political subdivisions $ 12,010 $ 65,870 $ — $ 77,880 Corporate debt securities — 25,090 — 25,090 Total $ 12,010 $ 90,960 $ — $ 102,970 As of December 31, 2020 (in thousands) Level 1 Level 2 * Level 3 Total Fixed maturity securities: Obligations of U.S. states, territories and political subdivisions $ 24,083 $ 66,859 $ — $ 90,942 Corporate debt securities — 26,771 — 26,771 Total $ 24,083 $ 93,630 $ — $ 117,713
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, 2021 and December 31, 2020: As of March 31, 2021 (in thousands) Level 1 Level 2 Level 3 Total Financial assets: Cash and cash equivalents $ 22,964 $ — $ — $ 22,964 Accrued interest and dividends 1,232 — — 1,232 Equity securities, at fair value: Common stocks 64,646 — — 64,646 Short-term investments: Money market funds and commercial paper 30,498 — — 30,498 Other investments: Equity investments in unconsolidated affiliates, equity method — — 6,080 6,080 Equity investments in unconsolidated affiliates, measurement alternative — — 8,760 8,760 Total $ 119,340 $ — $ 14,840 $ 134,180 As of December 31, 2020 (in thousands) Level 1 Level 2 Level 3 Total Financial assets: Cash and cash equivalents $ 13,723 $ — $ — $ 13,723 Accrued interest and dividends 1,038 — — 1,038 Equity securities, at fair value: Common stocks 64,919 — — 64,919 Short-term investments: Money market funds, Treasury bills, commercial paper and certificates of deposit 15,170 — — 15,170 Other investments: Equity investments in unconsolidated affiliates, equity method — — 6,752 6,752 Equity investments in unconsolidated affiliates, measurement alternative — — 8,741 8,741 Total $ 94,850 $ — $ 15,493 $ 110,343
Schedule of Cost-Method Investments	The following table presents a rollforward of equity investments under the measurement alternative as of March 31, 2021 and December 31, 2020: (in thousands) Balance, Amounts Impaired Observable Changes Purchases and Sales, Returns of Capital and Other Reductions Balance, March 31, 2021 Other investments: Equity investments in unconsolidated affiliates, measurement alternative $ 8,741 $ — $ — $ 211 $ (192) $ 8,760 Total $ 8,741 $ — $ — $ 211 $ (192) $ 8,760 (in thousands) Balance, Amounts Impaired Observable Changes Purchases and Sales, Returns of Capital and Other Reductions Balance, December 31, 2020 Other investments: Equity investments in unconsolidated affiliates, measurement alternative $ 7,899 $ — $ — $ 1,227 $ (385) $ 8,741 Total $ 7,899 $ — $ — $ 1,227 $ (385) $ 8,741

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
Summary Of Approximate Values By Year Found Within Consolidated Balance Sheets	The following tables set forth the approximate values by year found within each financial statement classification: Financial Statement Classification, Consolidated Balance Sheets (unaudited) (in thousands) As of As of Other investments $ 6,080 $ 6,752 Premium and fees receivable $ 776 $ 753
Summary Of Approximate Values By Year Found Within Consolidated Statements Of Income	Financial Statement Classification, Consolidated Statements of Operations (unaudited) (in thousands) Three Months Ended 2021 2020 Net premiums written $ 6,769 $ 4,057 Non-title services and other investment income $ 752 $ 502 Commissions to agents $ 4,474 $ 2,679

Intangible Assets, Goodwill a_2

Intangible Assets, Goodwill and Title Plant (Tables)	3 Months Ended
	Mar. 31, 2021
Business Combinations [Abstract]
Schedule of Finite-Lived Intangible Assets	Identifiable intangible assets consist of the following: (in thousands) As of As of Referral relationships $ 6,708 $ 6,416 Non-compete agreements 1,409 1,406 Tradenames 747 560 Total 8,864 8,382 Accumulated amortization (3,095) (2,961) Identifiable intangible assets, net $ 5,769 $ 5,421
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) 2021 $ 409 2022 574 2023 574 2024 522 2025 504 Thereafter 2,999 Total $ 5,582

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2021
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 tables provide changes in the balances of each component of accumulated other comprehensive income, net of tax, for the periods ended March 31, 2021 and 2020: 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 Three Months Ended Unrealized Gains and Losses Postretirement Total Beginning balance at January 1 $ 3,132 $ (32) $ 3,100 Other comprehensive loss before reclassifications (304) (32) (336) Amounts reclassified from accumulated other comprehensive income 348 — 348 Net current-period other comprehensive income (loss) 44 (32) 12 Ending balance $ 3,176 $ (64) $ 3,112
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, 2021 and 2020: Three Months Ended Details about Accumulated Other Amount Reclassified from Affected Line Item in the Consolidated Statements of Operations (unaudited) Unrealized gains (losses) on available-for-sale securities: Net realized gain on investments $ 23 Other-than-temporary impairments — Total $ 23 Net realized investment gains (losses) Tax (5) Provision (benefit) for income taxes Net of Tax $ 18 Reclassifications for the period $ 18 Three Months Ended Details about Accumulated Other Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Consolidated Statements of Operations (unaudited) Unrealized gains (losses) on available-for-sale securities: Net realized gain on investments $ 30 Other-than-temporary impairments (482) Total $ (452) Net realized investment gains (losses) Tax 104 Provision (benefit) for income taxes Net of Tax $ (348) Reclassifications for the period $ (348)

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table provides a breakdown of the Company’s revenue by major business activity: Three Months Ended (in thousands) 2021 2020 Revenue from contracts with customers: Escrow and other title-related fees $ 2,798 $ 1,842 Non-title services 2,078 2,547 Total revenue from contracts with customers 4,876 4,389 Other sources of revenue: Net premiums written 61,477 38,627 Investment-related revenue 5,517 (13,253) Other 208 138 Total revenues $ 72,078 $ 29,901

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2021
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) 2021 2020 Operating leases $ 326 $ 320 Short-term leases (b) 64 30 Lease expense $ 390 $ 350 Sub-lease income — — Lease cost $ 390 $ 350 (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 $ 819 $ 1,068 Non-current: Operating lease liabilities 2,690 2,601 Total operating lease liabilities $ 3,509 $ 3,669
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, 2021, are summarized as follows: Year Ended (in thousands) 2021 $ 923 2022 989 2023 698 2024 526 2025 338 Thereafter 375 Total undiscounted payments $ 3,849 Less: present value adjustment (340) Operating lease liabilities $ 3,509
Operating Lease Other Information	Supplemental lease information is as follows: As of As of Weighted average remaining lease term (years) 4.20 4.24 Weighted average discount rate 4.5 % 4.6 %

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Liability for title claims and claims adjustment expense	$ 34,562	$ 33,584	$ 31,333
Provision charged to operations	1,591	5,204
Payments of claims, net of recoveries	$ (613)	$ (2,953)

Reserves For Claims Summary O_2

Reserves For Claims Summary Of The Company's Loss Reserves (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]
Known title claims	$ 3,452	$ 3,585
IBNR	31,110	29,999
Total reserve for claims	$ 34,562	$ 33,584	$ 31,333
% of known title reserves	10.00%	10.70%
% of IBNR	90.00%	89.30%
% 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 Units, shares in Thousands, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Earnings Per Common Share And Share Awards [Line Items]
Anti-dilutive shares excluded from computation of diluted earnings per share	15
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 266
SARs
Earnings Per Common Share And Share Awards [Line Items]
SARs expiration period	7 years
Number of SARs granted where exercise price was less than market price on date of grant	0	0
Share-based Compensation Arrangement by Share-based Payment Award, Grants in Period, Net of Forfeitures	0	7	14
Share-based Compensation Arrangement by Share-based Payment Award, Grants in Period, Weighted Average Grant Date Fair Value		$ 35.49
Share-based Payment Arrangement, Expense	$ 71	$ 118
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 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, 2021	Mar. 31, 2020
Earnings Per Share [Abstract]
Net income (loss)	$ 13,823	$ (7,011)
Weighted average common shares outstanding - Basic	1,894	1,890
Incremental shares outstanding assuming the exercise of dilutive stock options and SARs (share settled)	3	0
Weighted average common shares outstanding - Diluted	1,897	1,890
Basic Earnings (Loss) per Common Share	$ 7.30	$ (3.71)
Diluted Earnings (Loss) per Common Share	$ 7.29	$ (3.71)

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, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award, SARS, Outstanding [Roll Forward]
Number Of Shares, Outstanding Beginning Balance	36	30	30
Number Of Shares, SARs granted	0	7	14
Number Of Shares, SARS exercised	(3)		(8)
Number Of Shares, Outstanding Ending Balance	33		36	30
Number Of Shares, Exercisable as of March 31, 2021	26
Number Of Shares, Unvested as of March 31, 2021	7
Share-based Compensation Arrangement by Share-based Payment Award, SARs, Outstanding, Weighted Average Exercise Price [Roll Forward]
Weighted Average Exercise Price, Outstanding Beginning Balance	$ 139.16	$ 124.13	$ 124.13
Weighted Average Exercise Price, SARs granted	0		137.40
Weighted Average Exercise Price, SARS exercised	68.70		75.75
Weighted Average Exercise Price, Outstanding Ending Balance	145.47		$ 139.16	$ 124.13
Weighted Average Exercise Price, Exercisable as of March 31, 2021	146.55
Weighted Average Exercise Price, Unvested as of March 31, 2021	$ 141.37
Average Remaining Contractual Term, Outstanding Beginning Balance	4 years 5 months 26 days		4 years 4 months 17 days	3 years 6 months 10 days
Average Remaining Contractual Term, Outstanding Ending Balance	4 years 5 months 26 days		4 years 4 months 17 days	3 years 6 months 10 days
Average Remaining Contractual Term, Exercisable as of March 31, 2021	4 years 10 days
Average Remaining Contractual Term, Unvested as of March 31, 2021	6 years 2 months 26 days
Aggregate Intrinsic Value, Outstanding Beginning Balance	$ 903	$ 1,352	$ 1,352
Aggregate Intrinsic Value, Outstanding Ending Balance	910		$ 903	$ 1,352
Aggregate Intrinsic Value, Exercisable as of March 31, 2021	738
Aggregate Intrinsic Value, Unvested as of March 31, 2021	$ 172

Earnings Per Common Share And_5

Earnings Per Common Share And Share Awards Share-Based Valuation Assumptions (Details)	3 Months Ended
	Mar. 31, 2020$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility	27.20%
Interest rate	0.80%
Yield rate	1.00%
SARs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Grants in Period, Weighted Average Grant Date Fair Value	$ 35.49
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life in years	6 years 2 months 12 days
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life in years	7 years

Segment Information Selected Fi

Segment Information Selected Financial Information By Segment (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)segment	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment	1
Insurance And Other Services Revenue	$ 66,561	$ 43,154
Investment income	5,196	(12,841)
Net realized gain (loss) on investments	321	(412)
Total Revenues	72,078	29,901
Operating expenses	54,763	38,430
Income (loss) before income taxes	17,315	(8,529)
Total assets	295,540	254,118	$ 282,925
Intersegment Eliminations
Segment Reporting Information [Line Items]
Insurance And Other Services Revenue	(2,298)	(1,504)
Investment income	0	0
Net realized gain (loss) on investments	0	0
Total Revenues	(2,298)	(1,504)
Operating expenses	(2,152)	(1,358)
Income (loss) before income taxes	(146)	(146)
Total assets	0	0
Title Insurance | Title Insurance
Segment Reporting Information [Line Items]
Insurance And Other Services Revenue	66,521	41,853
Investment income	4,396	(11,460)
Net realized gain (loss) on investments	232	63
Total Revenues	71,149	30,456
Operating expenses	54,530	37,443
Income (loss) before income taxes	16,619	(6,987)
Total assets	237,082	187,236
All Other | Title Insurance
Segment Reporting Information [Line Items]
Insurance And Other Services Revenue	2,338	2,805
Investment income	800	(1,381)
Net realized gain (loss) on investments	89	(475)
Total Revenues	3,227	949
Operating expenses	2,385	2,345
Income (loss) before income taxes	842	(1,396)
Total assets	$ 58,458	$ 66,882

Retirement Agreements And Oth_3

Retirement Agreements And Other Postretirement Benefits (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Retirement Benefits [Abstract]
Liability for employee benefits and other payments	$ 13,300		$ 12,500
Defined Benefit Plan Disclosure [Line Items]
Service cost - benefits earned during the year	0	$ 0
Interest cost on the projected benefit obligation	7	8
Amortization of unrecognized losses	0	0
Net periodic benefits costs	$ 7	$ 8

Investments In Securities and_3

Investments In Securities and Fair Value (Details) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021USD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)
Investments, Debt and Equity Securities [Abstract]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	12		12
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities	$ 0	$ 482
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, 2021USD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)
Debt and Equity Securities, FV-NI [Line Items]
Fixed maturities, available-for-sale, amortized cost	$ 98,068		$ 112,037
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities	0	$ 482
Impairment amount for cost-method investments	0		0
Government obligations
Debt and Equity Securities, FV-NI [Line Items]
Fixed maturities, available-for-sale, amortized cost	12,003		24,026
Available-for-sale, at fair value, Gross Unrealized Gains	7		57
Available-for-sale, at fair value, Gross Unrealized Losses	0		0
Available-for-sale, at fair value, Estimated Fair Value	12,010		24,083
General obligations of U.S. states, territories and political subdivisions
Debt and Equity Securities, FV-NI [Line Items]
Fixed maturities, available-for-sale, amortized cost	17,333		17,391
Available-for-sale, at fair value, Gross Unrealized Gains	1,053		1,262
Available-for-sale, at fair value, Gross Unrealized Losses	0		0
Available-for-sale, at fair value, Estimated Fair Value	18,386		18,653
Special revenue issuer obligations of U.S. states, territories and political subdivisions
Debt and Equity Securities, FV-NI [Line Items]
Fixed maturities, available-for-sale, amortized cost	44,671		44,939
Available-for-sale, at fair value, Gross Unrealized Gains	2,816		3,270
Available-for-sale, at fair value, Gross Unrealized Losses	3		3
Available-for-sale, at fair value, Estimated Fair Value	$ 47,484		$ 48,206
Number of Special Revenue Bonds	50		50
Corporate debt securities
Debt and Equity Securities, FV-NI [Line Items]
Fixed maturities, available-for-sale, amortized cost	$ 24,061		$ 25,681
Available-for-sale, at fair value, Gross Unrealized Gains	1,067		1,114
Available-for-sale, at fair value, Gross Unrealized Losses	38		24
Available-for-sale, at fair value, Estimated Fair Value	25,090		26,771
Total fixed maturities
Debt and Equity Securities, FV-NI [Line Items]
Fixed maturities, available-for-sale, amortized cost	98,068		112,037
Available-for-sale, at fair value, Gross Unrealized Gains	4,943		5,703
Available-for-sale, at fair value, Gross Unrealized Losses	41		27
Available-for-sale, at fair value, Estimated Fair Value	$ 102,970		$ 117,713

Investments In Securities and_5

Investments In Securities and Fair Value (Schedule Of Fixed Maturity Securities) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Due in one year or less, Amortized Cost	$ 34,295
Due after one year through five years, Amortized Cost	48,397
Due five years through ten years, Amortized Cost	14,558
Due after ten years, Amortized Cost	818
Total, Amortized Cost	98,068
Due in one year or less, Fair Value	34,374
Due after one year through five years, Fair Value	51,577
Due five years through ten years, Fair Value	15,674
Due after ten years, Fair Value	1,345
Total, Fair Value	$ 102,970	$ 117,713

Investments In Securities and_6

Investments In Securities and Fair Value (Schedule Of Unrealized Losses On Investments) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
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	$ 0	$ 0
Total temporarily impaired securities, Less than 12 Months, Unrealized Losses	0	0
Total temporarily impaired securities, 12 Months or Longer, Fair Value	1,102	1,103
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(3)	(3)
Total temporarily impaired securities, Total Fair Value	1,102	1,103
Total temporarily impaired securities, Unrealized Losses	(3)	(3)
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Total temporarily impaired securities, Less than 12 Months, Fair Value	20,005	20,630
Total temporarily impaired securities, Less than 12 Months, Unrealized Losses	(38)	(24)
Total temporarily impaired securities, 12 Months or Longer, Fair Value	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	0
Total temporarily impaired securities, Total Fair Value	20,005	20,630
Total temporarily impaired securities, Unrealized Losses	(38)	(24)
Total temporarily impaired securities
Debt Securities, Available-for-sale [Line Items]
Total temporarily impaired securities, Less than 12 Months, Fair Value	20,005	20,630
Total temporarily impaired securities, Less than 12 Months, Unrealized Losses	(38)	(24)
Total temporarily impaired securities, 12 Months or Longer, Fair Value	1,102	1,103
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(3)	(3)
Total temporarily impaired securities, Total Fair Value	21,107	21,733
Total temporarily impaired securities, Unrealized Losses	$ (41)	$ (27)

Investments In Securities and_7

Investments In Securities and Fair Value (Schedule of Equity Securities) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities, Cost	$ 28,967	$ 32,478
Equity Securities, Estimated Fair Value	64,646	64,919
Common stocks
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities, Cost	28,967	32,478
Equity Securities, Estimated Fair Value	$ 64,646	$ 64,919

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, 2021	Mar. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Total, gross realized gains	$ 940	$ 777
Total, gross realized losses	(619)	(1,204)
Net realized gains (losses) from securities	321	(427)
Gain on other investments	0	20
Losses on other investments	0	(5)
Total	0	15
Net realized investment gains (losses)	321	(412)
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Total, gross realized gains	0	30
Total, gross realized losses	(23)	0
Common stocks
Debt Securities, Available-for-sale [Line Items]
Equity securities, realized gain	940	747
Equity securities, realized loss	(596)	(722)
Other-than-temporary impairment of securities
Debt Securities, Available-for-sale [Line Items]
Total, gross realized losses	$ 0	$ (482)

Investments In Securities and_9

Investments In Securities and Fair Value (Schedule of Variable Interest Entities) (Details) - Other investments $ in Thousands	Mar. 31, 2021USD ($)
Variable Interest Entity, Not Primary Beneficiary [Line Items]
Carrying Value	$ 12,627
Estimated Fair Value	13,035
Maximum Potential Loss (a)	22,813
Tax Credit LPs
Variable Interest Entity, Not Primary Beneficiary [Line Items]
Carrying Value	267
Estimated Fair Value	267
Maximum Potential Loss (a)	1,768
Real Estate LLCs or LPs
Variable Interest Entity, Not Primary Beneficiary [Line Items]
Carrying Value	5,091
Estimated Fair Value	5,310
Maximum Potential Loss (a)	7,750
Small Business Investment LPs
Variable Interest Entity, Not Primary Beneficiary [Line Items]
Carrying Value	7,269
Estimated Fair Value	7,458
Maximum Potential Loss (a)	$ 13,295

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, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	$ 102,970	$ 117,713
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	12,010	24,083
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	90,960	93,630
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	77,880	90,942
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	12,010	24,083
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	65,870	66,859
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	25,090	26,771
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	25,090	26,771
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, 2021	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 22,964	$ 13,723
Accrued interest and dividends	1,232	1,038
Equity Securities, Estimated Fair Value	64,646	64,919
Money market funds and commercial paper	30,498	15,170
Equity investments in unconsolidated affiliates, equity method	6,080	6,752
Equity investments in unconsolidated affiliates, measurement alternative	8,760	8,741	$ 7,899
Assets, fair value disclosure	134,180	110,343
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	22,964	13,723
Accrued interest and dividends	1,232	1,038
Equity Securities, Estimated Fair Value	64,646	64,919
Money market funds and commercial paper	30,498	15,170
Equity investments in unconsolidated affiliates, equity method	0	0
Equity investments in unconsolidated affiliates, measurement alternative	0	0
Assets, fair value disclosure	119,340	94,850
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 and commercial paper	0	0
Equity investments in unconsolidated affiliates, equity method	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 and commercial paper	0	0
Equity investments in unconsolidated affiliates, equity method	6,080	6,752
Equity investments in unconsolidated affiliates, measurement alternative	8,760	8,741
Assets, fair value disclosure	$ 14,840	$ 15,493

Investments In Securities an_12

Investments In Securities and Fair Value (Schedule of Measurement Alternative Investments) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Measurement Alternative Investments
Beginning of Period	$ 8,741	$ 7,899
Amounts Impaired	0	0
Observable Changes	0	0
Purchases and Additional Commitments Paid	211	1,227
Sales, Returns of Capital and Other Reductions	(192)	(385)
End of Period	$ 8,760	$ 8,741

Commitments And Contingencies (

Commitments And Contingencies (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Like-kind exchange deposits and reverse exchange property	$ 247.9	$ 237.9

Related Party Transactions Summ

Related Party Transactions Summary Of Approximate Values By Year Found Within Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Other investments	$ 14,840	$ 15,493
Premiums and fees receivable	20,188	19,427
Title Insurance Agencies
Related Party Transaction [Line Items]
Other investments	6,080	6,752
Premiums and fees receivable	$ 776	$ 753

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, 2021	Mar. 31, 2020
Related Party Transaction [Line Items]
Net premiums written	$ 61,477	$ 38,627
Other	208	138
Commissions to agents	30,542	20,187
Title Insurance Agencies
Related Party Transaction [Line Items]
Net premiums written	6,769	4,057
Other	752	502
Commissions to agents	$ 4,474	$ 2,679

Intangible Assets, Goodwill a_3

Intangible Assets, Goodwill and Title Plant (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Business Combinations [Abstract]
Impairment of Intangible Assets (Excluding Goodwill)	$ 0	$ 0
Goodwill	4,400
Title Plants	690
Goodwill, Impairment Loss	$ 0	$ 0

Intangible Assets, Goodwill a_4

Intangible Assets, Goodwill and Title Plant Schedule of Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Schedule of Finite-Lived Intangible Assets [Abstract]
Referral Relationships	$ 6,708	$ 6,416
Non-compete Agreements	1,409	1,406
Tradename	747	560
Identifiable intangible assets, gross	8,864	8,382
Accumulated Amortization	(3,095)	(2,961)
Identifiable intangible assets, net	$ 5,769	$ 5,421

Business Combinations, Intangib

Business Combinations, Intangible Assets and Goodwill, Schedule of Aggregate Amortization Expense for Intangible Assets (Details) $ in Thousands	Mar. 31, 2021USD ($)
Business Combinations [Abstract]
2021	$ 409
2022	574
2023	574
2024	522
2025	504
Thereafter	2,999
Identifiable Intangible Assets, Net	$ 5,582

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, 2021	Mar. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 4,326
Other comprehensive (loss) income	(610)	$ 12
Ending balance	3,716
Unrealized Gains and Losses on Available-For-Sale Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	4,470	3,132
Other comprehensive income before reclassifications	(592)	(304)
Amounts reclassified from accumulated other comprehensive income	(18)	348
Other comprehensive (loss) income	(610)	44
Ending balance	3,860	3,176
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(144)	(32)
Other comprehensive income before reclassifications	0	(32)
Amounts reclassified from accumulated other comprehensive income	0	0
Other comprehensive (loss) income	0	(32)
Ending balance	(144)	(64)
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	4,326	3,100
Other comprehensive income before reclassifications	(592)	(336)
Amounts reclassified from accumulated other comprehensive income	(18)	348
Other comprehensive (loss) income	(610)	12
Ending balance	$ 3,716	$ 3,112

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income Reclassification Out Of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net realized gain (loss) on investments	$ 321	$ (412)
Income (loss) before income taxes	17,315	(8,529)
Tax	(3,492)	1,518
Net income (loss)	13,823	(7,011)
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income (loss)	18	(348)
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	23	30
Other-than-temporary impairments	0	(482)
Income (loss) before income taxes	23	(452)
Tax	(5)	104
Net income (loss)	$ 18	$ (348)

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	$ 4,876	$ 4,389
Total Revenues	72,078	29,901
Escrow and other title-related fees
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	2,798	1,842
Non-title services
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	2,078	2,547
Net premiums written
Disaggregation of Revenue [Line Items]
Other sources of revenue	61,477	38,627
Investment-related revenue
Disaggregation of Revenue [Line Items]
Other sources of revenue	5,517	(13,253)
Other
Disaggregation of Revenue [Line Items]
Other sources of revenue	$ 208	$ 138

Leases Operating Lease Cost (De

Leases Operating Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Leases [Abstract]
Lease expense	$ 326	$ 320
Short-term leases	64	30
Sub-lease income	0	0
Lease cost	$ 390	$ 350

Leases Current and Noncurrent L

Leases Current and Noncurrent Lease Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating lease, liability, current	$ 819	$ 1,068
Operating lease, liability, noncurrent	2,690	2,601
Operating lease, liability	$ 3,509	$ 3,669

Leases Schedule of Lease Paymen

Leases Schedule of Lease Payments (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Leases [Abstract]
2021	$ 923
2022	989
2023	698
2024	526
2025	338
Thereafter	375
Total undiscounted payments	3,849
Less: present value adjustment	(340)
Operating lease, liability	$ 3,509	$ 3,669

Leases Other Information (Detai

Leases Other Information (Details)	Mar. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Weighted average remaining lease term (years)	4 years 2 months 12 days	4 years 2 months 26 days
Weighted average discount rate	4.50%	4.60%