Title Insurance |
6 Months Ended |
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Jun. 30, 2026 | |
| Text Block [Abstract] | |
| Title Insurance | Title Insurance On April 18, 2025, the Company acquired Colorado-based title insurance underwriter, Alliant Title, which provides title insurance and escrow services. Refer to Note 2, Acquisitions for more information. The Company estimates the reserve for title claim losses, inclusive of reserves for known claims and those incurred but not yet reported (“IBNR”) to the Company, related to the title insurance policies issued by Alliant Title. As of June 30, 2026 and December 31, 2025, the reserve for title claim losses was $33.5 million and $32.7 million, respectively, of which $29.1 million and $27.4 million, or 86.9% and 83.6%, respectively, represents the IBNR component. For the three and six months ended June 30, 2026, the Company had a title claim loss provision of $1.4 million and $3.6 million, respectively, and claims paid, net of recoveries, of $1.1 million and $2.9 million, respectively. For both the three and six months ended June 30, 2025, the Company had a title claim loss provision of $0.1 million, and claims paid, net of recoveries, of $0.8 million.
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