0001628280-21-017342 | S-1 | XBRL Viewer

Ending balance (in shares) at Dec. 31, 2018

$ (12,047,000)

10,098,071

^[1]

8,625,000

^[2]

Ending balance at Dec. 31, 2018

$ 17,627

$ 0

$ 863

^[2]

$ 24,137

$ (7,373)

Balance (in shares) at Dec. 31, 2018

Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests at Dec. 31, 2018

$ 0

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Ending balance (in shares) at Dec. 31, 2019

(27,137,000)

(3,769)

$ 0

^[2]

(3,769)

10,374,044

8,625,000

^[2]

Ending balance at Dec. 31, 2019

149,345,000

$ 13,858

$ 1,000

$ 0

$ 863

^[2]

$ 192,852,000

24,137

$ (44,020,000)

(11,142)

Balance (in shares) at Dec. 31, 2019

Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests at Dec. 31, 2019

$ 0

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Ending balance (in shares) at Mar. 31, 2020

(16,586,000)

(20)

(16,586,000)

(20)

10,437,133

8,625,000

Ending balance at Mar. 31, 2020

203,802,000

$ 13,838

$ 1,000

$ 0

$ 863

263,885,000

24,137

(60,606,000)

(11,162)

Balance (in shares) at Mar. 31, 2020

Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests at Mar. 31, 2020

$ 0

10,374,044

8,625,000

^[2]

Increase (Decrease) in Stockholders' Equity [Roll Forward]

149,345,000

13,858

$ 1,000

$ 0

$ 863

^[2]

192,852,000

24,137

(44,020,000)

(11,142)

(22,918,000)

(297)

$ 0

10,338,665

8,625,000

Balance (in shares) at Dec. 31, 2019

197,274,000

$ (13,561)

$ 1,000

$ 0

$ 863

264,194,000

24,137

(66,938,000)

(11,439)

Balance at Dec. 31, 2019

$ 0

Balance (in shares) at Jun. 30, 2020

Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests at Jun. 30, 2020

$ 0

10,374,044

8,625,000

^[2]

Increase (Decrease) in Stockholders' Equity [Roll Forward]

149,345,000

13,858

$ 1,000

$ 0

$ 863

^[2]

192,852,000

24,137

(44,020,000)

(11,142)

Sale of 34,500,000 Units, net of underwriting discounts (in Shares)

34,500,000

^[2]

Sale of 34,500,000 Units, net of underwriting discounts

311,109,339

$ 3,450

$ 0

^[2]

311,105,889

Sale of 5,833,333 Founders’ Warrants (in Shares)

^[2]

Sale of 5,833,333 Founders’ Warrants

991,667

$ 0

^[2]

991,667

Class A common stock subject to possible redemption (in Shares)

(29,846,985)

^[2]

Class A common stock subject to possible redemption

(298,469,850)

$ (2,985)

$ 0

^[2]

(298,466,865)

Ending balance (in shares) at Dec. 31, 2020

(35,103,000)

(8,645,008)

$ 10,883

$ 0

^[2]

(8,645,008)

10,480,902

4,653,015

8,625,000

^[2]

Ending balance at Dec. 31, 2020

188,031,000

$ 5,000,006

$ 1,000

$ 465

$ 863

^[2]

266,464,000

13,654,828

(79,123,000)

(8,656,150)

Balance (in shares) at Dec. 31, 2019

Balance at Dec. 31, 2019

$ 0

Increase (Decrease) in Temporary Equity [Roll Forward]

Class A common stock subject to possible redemption (in shares)

29,846,985

Class A common stock subject to possible redemption

$ 298,469,850

Balance (in shares) at Dec. 31, 2020

29,846,985

Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests at Dec. 31, 2020

$ 298,469,850

Increase (Decrease) in Temporary Equity [Roll Forward]

Sale of units, net of underwriting discount

34,500,000

Beginning balance (in shares) at Mar. 31, 2020

10,437,133

8,625,000

Beginning balance at Mar. 31, 2020

203,802,000

13,838

$ 1,000

$ 0

$ 863

263,885,000

24,137

(60,606,000)

(11,162)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

(6,332,000)

(277)

$ 0

(6,332,000)

(277)

10,338,665

8,625,000

Balance (in shares) at Mar. 31, 2020

197,274,000

$ (13,561)

$ 1,000

$ 0

$ 863

264,194,000

24,137

(66,938,000)

(11,439)

Balance at Mar. 31, 2020

$ 0

Balance (in shares) at Jun. 30, 2020

Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests at Jun. 30, 2020

$ 0

10,480,902

4,653,015

8,625,000

^[2]

Increase (Decrease) in Stockholders' Equity [Roll Forward]

188,031,000

5,000,006

$ 1,000

$ 465

$ 863

^[2]

266,464,000

13,654,828

(79,123,000)

(8,656,150)

Class A common stock subject to possible redemption (in Shares)

(618,580)

Class A common stock subject to possible redemption

(6,185,800)

$ (62)

(6,185,738)

Ending balance (in shares) at Mar. 31, 2021

(11,758,000)

6,185,799

(11,758,000)

6,185,799

10,920,847

4,034,435

8,625,000

Ending balance at Mar. 31, 2021

197,662,000

$ 5,000,005

$ 1,000

$ 403

$ 863

288,539,000

7,469,090

(90,881,000)

(2,470,351)

Balance (in shares) at Dec. 31, 2020

29,846,985

Balance at Dec. 31, 2020

$ 298,469,850

Increase (Decrease) in Temporary Equity [Roll Forward]

Class A common stock subject to possible redemption (in shares)

618,580

Class A common stock subject to possible redemption

$ 6,185,800

Balance (in shares) at Mar. 31, 2021

30,465,565

Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests at Mar. 31, 2021

$ 304,655,650

10,480,902

4,653,015

8,625,000

^[2]

Increase (Decrease) in Stockholders' Equity [Roll Forward]

188,031,000

5,000,006

$ 1,000

$ 465

$ 863

^[2]

266,464,000

13,654,828

(79,123,000)

(8,656,150)

(35,057,000)

5,854,968

11,010,181

8,625,000

Balance (in shares) at Dec. 31, 2020

177,626,000

$ (35,675,176)

$ 1,000

$ 0

$ 863

291,802,000

(114,180,000)

(35,676,039)

29,846,985

Balance at Dec. 31, 2020

$ 298,469,850

Balance (in shares) at Jun. 30, 2021

34,500,000

Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests at Jun. 30, 2021

$ 345,000,000

Beginning balance (in shares) at Mar. 31, 2021

10,920,847

4,034,435

8,625,000

Beginning balance at Mar. 31, 2021

197,662,000

5,000,005

$ 1,000

$ 403

$ 863

288,539,000

7,469,090

(90,881,000)

(2,470,351)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Class A common stock subject to possible redemption (in Shares)

(4,034,435)

Class A common stock subject to possible redemption

(40,344,350)

$ (403)

(7,469,090)

(32,874,857)

(23,299,000)

(330,831)

$ 0

(23,299,000)

(330,831)

11,010,181

8,625,000

Balance (in shares) at Mar. 31, 2021

$ 177,626,000

$ (35,675,176)

$ 1,000

$ 0

$ 863

$ 291,802,000

$ 0

$ (114,180,000)

$ (35,676,039)

30,465,565

Balance at Mar. 31, 2021

$ 304,655,650

Increase (Decrease) in Temporary Equity [Roll Forward]

Class A common stock subject to possible redemption (in shares)

4,034,435

Class A common stock subject to possible redemption

$ 40,344,350

Balance (in shares) at Jun. 30, 2021

34,500,000

Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests at Jun. 30, 2021

$ 345,000,000

[1]	All shares as of December 31, 2018 were shares of Legacy States Title. On January 7, 2019, in conjunction with the North American Title Acquisition, all shares of Legacy States Title were converted on a 1:1 basis into shares of the Company. Please see Note 1 and Note 3 in the accompanying notes to these consolidated financial statements for additional information.
[2]	As of December 31, 2019, this number included an aggregate of up to 1,125,000 shares that are subject to forfeiture if the over-allotment option was not exercised by the underwriters in full.

Statements of Changes in Stockholders’ Equity (Parentheticals)	12 Months Ended
	Dec. 31, 2020 shares
Class A Common Stock \| Capitol Investment Corp. V
Sale of units, net of underwriting discount	34,500,000

Statements of Cash Flows - USD ($)	1 Months Ended	3 Months Ended				6 Months Ended		12 Months Ended
Statements of Cash Flows - USD ($)	Dec. 31, 2020	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash Flows from Operating Activities:
Net loss		$ (23,299,000)	$ (11,758,000)	$ (6,332,000)	$ (16,586,000)	$ (35,057,000)	$ (22,918,000)	$ (35,103,000)	$ (27,137,000)	$ (12,047,000)
Changes in operating assets and liabilities:
Net cash used in operating activities						(17,409,000)	(19,474,000)	(9,274,000)	(3,120,000)	(8,667,000)
Cash Flows from Investing Activities:
Net cash used in investing activities						(19,817,000)	(51,316,000)	(63,033,000)	61,601,000	(1,934,000)
Cash Flows from Financing Activities:
Proceeds from promissory notes – related party								0	4,000,000	0
Repayment of promissory notes – related party						(65,532,000)	(27,622,000)	(28,431,000)	(13,368,000)	0
Net cash provided by (used in) financing activities						85,453,000	43,130,000	42,661,000	67,281,000	7,558,000
Cash – Beginning			111,893,000		133,346,000	111,893,000	133,346,000	133,346,000
Cash – Ending	$ 111,893,000	158,542,000				158,542,000		111,893,000	133,346,000
Capitol Investment Corp. V
Cash Flows from Operating Activities:
Net loss		(330,831)	6,185,799	(277)	(20)	5,854,968	(297)	(8,645,008)	(3,769)
Adjustments to reconcile net loss to net cash used in operating activities:
Interest earned on marketable securities held in Trust Account						(53,045)	0	(14,781)	0
Change in fair value of warrant liabilities	7,626,667	(520,000)		0		(7,800,000)	0	7,626,667	0
Transaction costs allocable to warrant liabilities								873,424	0
Unrealized loss on marketable securities held in Trust Account								2,201	0
Changes in operating assets and liabilities:
Prepaid expenses						47,748	0	(695,350)	0
Accounts payable and accrued expenses						564,481	(1,935)	113,526	1,935
Net cash used in operating activities						(1,385,848)	(2,232)	(739,321)	(1,834)
Cash Flows from Investing Activities:
Investment of cash in Trust Account								(345,000,000)	0
Cash withdrawn from Trust Account for franchise taxes						51,661	0
Net cash used in investing activities						51,661	0	(345,000,000)	0
Cash Flows from Financing Activities:
Proceeds from sale of Founders’ Warrants								8,750,000	0
Advances from related party						1,800	0
Proceeds from promissory notes – related party						700,000	50,000	100,000	0
Repayment of promissory notes – related party								(250,000)	0
Proceeds from sale of Units, net of underwriting discounts paid								338,100,000	0
Payment of offering costs						0	(128)	(355,086)	(64,176)
Net cash provided by (used in) financing activities						701,800	49,872	346,344,914	(64,176)
Net Change in Cash						(632,387)	47,640	605,593	(66,010)
Cash – Beginning			$ 632,387		$ 26,794	632,387	26,794	26,794	92,804
Cash – Ending	$ 632,387	$ 0		$ 74,434		0	74,434	632,387	26,794	$ 92,804
Non-cash investing and financing activities:
Initial classification of Class A common stock subject to redemption								306,230,947	0
Deferred underwriting fee payable						0	2,500	12,075,000	0
Offering costs paid by Sponsor in exchange for issuance of founder shares						0	25,000
Change in value of Class A common stock subject to possible redemption						$ 46,530,150	$ 0	(7,761,097)	0
Initial measurement of warrants issued in connection with initial public offering accounting for as liabilities								$ 23,053,333	$ 0

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents	$ 158,542	$ 111,893	$ 133,346
Restricted cash	1,707	129	8,322
Fixed maturities
Held-to-maturity debt securities, at amortized cost	84,181	65,406	18,892
Available-for-sale debt securities, at fair value	0	8,057	7,847
Equity securities, at fair value	0	2,119	1,039
Mortgage loans	2,936	2,980	3,370
Total Investments	87,117	78,562	31,148
Receivables, net	13,386	15,244	13,093
Prepaid expenses, deposits and other assets	18,988	7,365	2,980
Total fixed assets, net	29,303	21,661	7,587
Title plants	13,952	14,008	16,993
Goodwill	111,487	111,487	111,487
Trade names	0	2,684	5,032
Total Assets	434,482	363,033	329,988
Liabilities and Stockholders' Equity
Accounts payable	8,013	6,626	5,699
Accrued expenses and other liabilities	38,407	33,044	24,686
Senior first lien note, net of debt issuance costs and original issue discount	135,730	0
Loan from a related party	0	65,532	87,500
Liability for loss and loss adjustment expenses	74,706	69,800	62,758
Total Liabilities	256,856	175,002	180,643
Commitments and contingencies
Stockholders' Equity:
Common stock	1	1	1
Additional paid-in capital	291,802	266,464	192,852
Accumulated deficit	(114,180)	(79,123)	(44,020)
Accumulated other comprehensive income	0	686	510
Total Stockholders’ Equity	177,626	188,031	149,345
Total Liabilities and Stockholders' Equity	434,482	363,033	329,988
Series A Preferred Stock
Stockholders' Equity:
Preferred stock	1	1	1
Series A-1 Preferred Stock
Stockholders' Equity:
Preferred stock	1	1	1
Series A-2 Preferred Stock
Stockholders' Equity:
Preferred stock	0	0	0
Series B Preferred Stock
Stockholders' Equity:
Preferred stock	0	0	0
Series C Preferred Stock
Stockholders' Equity:
Preferred stock	$ 1	$ 1	$ 0

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Dec. 22, 2020	Dec. 31, 2019
Available-for-sale debt securities, amortized cost		$ 7,139		$ 7,139
Equity securities, fair value	$ 0	$ 2,000		$ 1,000
Common stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Common stock, shares authorized	54,000,000	54,000,000	54,000,000	54,000,000
Common stock, shares issued	11,010,181	10,480,902		10,480,902
Common stock, shares outstanding	11,010,181	10,480,902		10,480,902
Series A Preferred Stock
Preferred stock par value (in Dollars per share)	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	7,295,759	7,295,759	7,295,759	7,295,759
Preferred stock, shares issued (in shares)	7,295,759	7,295,759		7,295,759
Preferred stock, shares outstanding (in shares)	7,295,759	7,295,759		7,295,759
Series A-1 Preferred Stock
Preferred stock par value (in Dollars per share)	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	12,975,006	12,975,006	12,975,006	12,975,006
Preferred stock, shares issued (in shares)	12,975,006	8,159,208		8,159,208
Preferred stock, shares outstanding (in shares)	12,975,006	8,159,208		8,159,208
Series A-2 Preferred Stock
Preferred stock par value (in Dollars per share)	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	2,335,837	2,335,837	2,335,837	2,335,837
Preferred stock, shares issued (in shares)	2,335,837	2,335,837		2,335,837
Preferred stock, shares outstanding (in shares)	2,335,837	2,335,837		2,335,837
Series B Preferred Stock
Preferred stock par value (in Dollars per share)	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	2,642,036	2,642,036	2,642,036	2,642,036
Preferred stock, shares issued (in shares)	2,642,036	2,642,036		2,642,036
Preferred stock, shares outstanding (in shares)	2,642,036	2,642,036		2,642,036
Series C Preferred Stock
Preferred stock par value (in Dollars per share)	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	10,755,377	10,755,377	10,755,377	10,755,377
Preferred stock, shares issued (in shares)	10,119,484	10,119,484		10,119,484
Preferred stock, shares outstanding (in shares)	10,119,484	10,119,484		10,119,484

Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2021

Jun. 30, 2020

Jun. 30, 2021

Jun. 30, 2020

Dec. 31, 2020

Dec. 31, 2019

Dec. 31, 2018

Revenues:

$ 109,271

^[1]

$ 86,334

^[1]

$ 217,263

^[1]

$ 143,151

^[1]

$ 345,608

^[2]

$ 292,707

^[2]

$ 0

^[2]

20,065

13,382

38,640

26,556

61,275

62,017

650

707

1,879

1,525

2,931

3,361

139

Premiums retained by third-party agents

129,986

100,423

257,782

171,232

409,814

358,085

185

Expenses:

65,181

^[3]

56,006

^[3]

135,519

^[3]

89,108

^[3]

220,143

^[4]

178,265

^[4]

Title examination expense

5,500

3,322

10,353

7,187

16,204

14,383

Change in fair market value of convertible notes

6,807

3,040

10,055

4,823

15,337

12,285

Personnel costs

53,954

32,737

97,419

68,455

143,526

130,876

4,356

Other operating expenses

17,181

10,286

31,347

20,926

43,285

39,744

6,208

Total operating expenses

148,623

105,391

284,693

190,499

438,495

375,553

10,564

Loss from operations

(18,637)

(4,968)

(26,911)

(19,267)

(28,681)

(17,468)

(10,379)

Interest expense

(4,451)

(1,123)

(7,810)

(3,235)

(5,579)

(9,282)

(332)

(1,643)

Loss before income taxes

(23,088)

(6,091)

(34,721)

(22,502)

(34,260)

(26,750)

(12,354)

Income tax expense

(211)

(241)

(336)

(416)

(843)

(387)

Net loss attributable to noncontrolling interest

(35,103)

(27,137)

(12,354)

(307)

Net loss per share attributable to Doma Holdings, Inc. shareholders - basic (in usd per share)

$ (23,299)

$ (6,332)

$ (35,057)

$ (22,918)

$ (35,103)

$ (27,137)

$ (12,047)

Earnings Per Share:

$ (2.00)

$ (0.64)

$ (3.06)

$ (2.24)

$ (3.38)

$ (2.70)

$ (1.19)

Net loss per share attributable to Doma Holdings, Inc. shareholders - diluted (in usd per share)

$ (2.00)

$ (0.64)

$ (3.06)

$ (2.24)

$ (3.38)

$ (2.70)

$ (1.19)

Weighted average shares outstanding Doma Holdings, Inc. common stock - basic (in shares)

11,667,266

9,950,920

11,457,724

10,231,489

10,390,006

10,060,857

10,098,071

Weighted average shares outstanding Doma Holdings, Inc. common stock - diluted (in shares)

11,667,266

9,950,920

11,457,724

10,231,489

10,390,006

10,060,857

10,098,071

[1]	Net premiums written includes revenues from a related party of $27.0 million and $24.3 million during the three months ended June 30, 2021 and 2020, respectively. Net premiums written includes revenues from a related party of $51.6 million and $41.3 million during the six months ended June 30, 2021 and 2020, respectively (see Note 10).
[2]	Net premiums written includes revenues from a related party of $88.6 million and $73.1 million during the years ended December 31, 2020 and 2019, respectively (see Note 14).
[3]	Premiums retained by third-party agents includes expenses associated with a related party of $22.0 million and $19.7 million during the three months ended June 30, 2021 and 2020, respectively. Premiums retained by third-party agents includes expenses associated with a related party of $41.8 million and $33.6 million during the six months ended June 30, 2021 and 2020, respectively (see Note 10).
[4]	Premiums retained by third-party agents includes expenses associated with a related party of $71.2 million and $59.9 million during the years ended December 31, 2020 and 2019, respectively (see Note 14).

Condensed Consolidated Statements of Operations (Parenthetical) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2021

Jun. 30, 2020

Jun. 30, 2021

Jun. 30, 2020

Dec. 31, 2020

Dec. 31, 2019

Dec. 31, 2018

$ 109,271

^[1]

$ 86,334

^[1]

$ 217,263

^[1]

$ 143,151

^[1]

$ 345,608

^[2]

$ 292,707

^[2]

$ 0

^[2]

65,181

^[3]

56,006

^[3]

135,519

^[3]

89,108

^[3]

220,143

^[4]

178,265

^[4]

$ 0

^[4]

Affiliated Entity

88,600

73,100

Lennar | Affiliated Entity

71,200

59,900

27,000

24,300

51,600

41,300

88,600

73,100

$ 22,000

$ 19,700

$ 41,800

$ 33,600

$ 71,200

$ 59,900

[1]	Net premiums written includes revenues from a related party of $27.0 million and $24.3 million during the three months ended June 30, 2021 and 2020, respectively. Net premiums written includes revenues from a related party of $51.6 million and $41.3 million during the six months ended June 30, 2021 and 2020, respectively (see Note 10).
[2]	Net premiums written includes revenues from a related party of $88.6 million and $73.1 million during the years ended December 31, 2020 and 2019, respectively (see Note 14).
[3]	Premiums retained by third-party agents includes expenses associated with a related party of $22.0 million and $19.7 million during the three months ended June 30, 2021 and 2020, respectively. Premiums retained by third-party agents includes expenses associated with a related party of $41.8 million and $33.6 million during the six months ended June 30, 2021 and 2020, respectively (see Note 10).
[4]	Premiums retained by third-party agents includes expenses associated with a related party of $71.2 million and $59.9 million during the years ended December 31, 2020 and 2019, respectively (see Note 14).

Condensed Consolidated Statements of Comprehensive Loss - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement of Comprehensive Income [Abstract]
Net loss	$ (23,299,000)	$ (6,332,000)	$ (35,057,000)	$ (22,918,000)	$ (35,103,000)	$ (27,137,000)	$ (12,047,000)
Net loss					(35,103,000)	(27,137,000)	(12,354,000)
Other comprehensive income, net of tax
Unrealized gain (loss) on available-for-sale debt securities, net of tax	0	(505,000)	(179,000)	(496,000)
Unrealized gains on available-for-sale debt securities, net of tax					176,000	510,000	0
Reclassification adjustment for realized gain on sale of available-for-sale debt securities, net of tax	0	0	(507,000)	0
Comprehensive loss	$ (23,299,000)	$ (6,837,000)	$ (35,743,000)	$ (23,414,000)
Comprehensive loss					$ (34,927,000)	$ (26,627,000)	$ (12,354,000)

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Beginning balance (in shares) at Dec. 31, 2017

Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)

Total

Series A-1 Preferred Stock

Series B Preferred Stock

Series C Preferred Stock

Preferred Stock

Series A Preferred Stock

Preferred Stock

Series A-1 Preferred Stock

Preferred Stock

Series A-2 Preferred Stock

Preferred Stock

Series B Preferred Stock

Preferred Stock

Series C Preferred Stock

Common Stock

Additional Paid-in Capital

Series A-1 Preferred Stock

Additional Paid-in Capital

Series B Preferred Stock

Additional Paid-in Capital

Series C Preferred Stock

Accumulated Deficit

Series A-1 Preferred Stock

Noncontrolling Interest

Series A-1 Preferred Stock

Accumulated Other Comprehensive Income (Loss)

7,295,759

10,005,347

Beginning balance at Dec. 31, 2017

$ 5,683,000

$ 1,000

$ 0

$ 1,000

$ 10,254,000

$ (4,654,000)

$ 81,000

$ 0

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Capital contributions to FTS Agency

^[1]

$ 44,000

44,000

41,058

92,724

$ 0

128,000

(12,354,000)

(12,047,000)

(307,000)

Ending balance (in shares) at Dec. 31, 2018

(12,047,000)

^[2]

7,295,759

10,098,071

Ending balance at Dec. 31, 2018

^[2]

(6,499,000)

$ 1,000

$ 0

$ 1,000

10,382,000

(16,701,000)

(182,000)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Issuance of preferred stock, net of financing costs (in shares)

104,774

^[3]

2,642,036

4,270,182

Issuance of preferred stock, net of financing costs

$ 750,000

^[3]

$ 24,950,000

$ 51,513,000

$ 750,000

^[3]

$ 24,950,000

$ 51,513,000

Conversion of convertible notes (in shares)

1,049,637

2,335,837

Conversion of convertible notes

22,533,000

Issuance of Series A-1 preferred stock as part of the North American Title Acquisition (in shares)

7,004,797

Stock issued in acquisition

$ 50,142,000

$ 1,000

$ 50,141,000

$ (182,000)

$ 182,000

Purchase of First Title’s ownership in FTS Agency

$ (2,975,000)

(2,975,000)

201,196

$ 29,000

29,000

Grants of RSAs (in shares)

899,000

346,737

Grants of RSAs

Vesting of early exercised stock options issued under notes

157,000

Cancellations of nonvested early exercised stock options issued under notes (in shares)

(271,960)

Warrants issued

34,473,000

(27,137,000)

(27,137,000)

Ending balance (in shares) at Dec. 31, 2019

510,000

7,295,759

8,159,208

2,335,837

2,642,036

4,270,182

10,374,044

Ending balance at Dec. 31, 2019

149,345,000

$ 1,000

$ 0

$ 1,000

192,852,000

(44,020,000)

510,000

Ending balance at Dec. 31, 2019

149,345,000

$ 1,000

$ 0

$ 1,000

192,852,000

(44,020,000)

510,000

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Issuance of preferred stock, net of financing costs (in shares)

5,849,302

Issuance of preferred stock, net of financing costs

70,702,000

$ 1,000

70,701,000

63,089

24,000

308,000

(16,586,000)

Ending balance (in shares) at Mar. 31, 2020

9,000

7,295,759

8,159,208

2,335,837

2,642,036

10,119,484

10,437,133

Ending balance at Mar. 31, 2020

203,802,000

$ 1,000

$ 0

$ 1,000

263,885,000

(60,606,000)

519,000

7,295,759

8,159,208

2,335,837

2,642,036

4,270,182

10,374,044

149,345,000

$ 1,000

$ 0

$ 1,000

192,852,000

(44,020,000)

510,000

Increase (Decrease) in Stockholders' Equity [Roll Forward]

149,345,000

$ 1,000

$ 0

$ 1,000

192,852,000

(44,020,000)

510,000

(22,918,000)

7,295,759

8,159,208

2,335,837

2,642,036

10,119,484

10,338,665

197,274,000

$ 1,000

$ 0

$ 1,000

264,194,000

(66,938,000)

14,000

7,295,759

8,159,208

2,335,837

2,642,036

4,270,182

10,374,044

149,345,000

$ 1,000

$ 0

$ 1,000

192,852,000

(44,020,000)

510,000

Increase (Decrease) in Stockholders' Equity [Roll Forward]

149,345,000

$ 1,000

$ 0

$ 1,000

192,852,000

(44,020,000)

510,000

Issuance of preferred stock, net of financing costs (in shares)

5,849,302

Issuance of preferred stock, net of financing costs

$ 70,702,000

$ 1,000

70,701,000

216,641

106,858

$ 416,000

416,000

2,495,000

(35,103,000)

(35,103,000)

Ending balance (in shares) at Dec. 31, 2020

176,000

7,295,759

8,159,208

2,335,837

2,642,036

10,119,484

10,480,902

Ending balance at Dec. 31, 2020

188,031,000

$ 1,000

$ 0

$ 1,000

266,464,000

(79,123,000)

686,000

Ending balance at Dec. 31, 2020

188,031,000

$ 1,000

$ 0

$ 1,000

266,464,000

(79,123,000)

686,000

Beginning balance (in shares) at Mar. 31, 2020

7,295,759

8,159,208

2,335,837

2,642,036

10,119,484

10,437,133

Beginning balance at Mar. 31, 2020

203,802,000

$ 1,000

$ 0

$ 1,000

263,885,000

(60,606,000)

519,000

Increase (Decrease) in Stockholders' Equity [Roll Forward]

(98,468)

27,000

282,000

(6,332,000)

(505,000)

7,295,759

8,159,208

2,335,837

2,642,036

10,119,484

10,338,665

197,274,000

$ 1,000

$ 0

$ 1,000

264,194,000

(66,938,000)

14,000

7,295,759

8,159,208

2,335,837

2,642,036

10,119,484

10,480,902

Increase (Decrease) in Stockholders' Equity [Roll Forward]

188,031,000

$ 1,000

$ 0

$ 1,000

266,464,000

(79,123,000)

686,000

439,945

1,267,000

2,289,000

Warrants issued

18,519,000

(11,758,000)

Ending balance (in shares) at Mar. 31, 2021

(686,000)

7,295,759

8,159,208

2,335,837

2,642,036

10,119,484

10,920,847

Ending balance at Mar. 31, 2021

197,662,000

$ 1,000

$ 0

$ 1,000

288,539,000

(90,881,000)

7,295,759

8,159,208

2,335,837

2,642,036

10,119,484

10,480,902

188,031,000

$ 1,000

$ 0

$ 1,000

266,464,000

(79,123,000)

686,000

Increase (Decrease) in Stockholders' Equity [Roll Forward]

$ 188,031,000

$ 1,000

$ 0

$ 1,000

266,464,000

(79,123,000)

$ 0

686,000

524,875

$ (35,057,000)

7,295,759

12,975,006

2,335,837

2,642,036

10,119,484

11,010,181

Beginning balance (in shares) at Mar. 31, 2021

177,626,000

$ 1,000

$ 0

$ 1,000

291,802,000

(114,180,000)

7,295,759

8,159,208

2,335,837

2,642,036

10,119,484

10,920,847

Beginning balance at Mar. 31, 2021

197,662,000

$ 1,000

$ 0

$ 1,000

288,539,000

(90,881,000)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

89,334

109,000

Exercise of stock warrants (in shares)

2,967,000

4,815,798

Exercise of stock warrants

187,000

(23,299,000)

7,295,759

12,975,006

2,335,837

2,642,036

10,119,484

11,010,181

$ 177,626,000

$ 1,000

$ 0

$ 1,000

$ 291,802,000

$ (114,180,000)

$ 0

[1]	On September 28, 2017, States Title FTS Agency ("FTS Agency") was formed as a limited liability company, 51% owned by Legacy States Title and 49% owned by First Title & Escrow, Inc. ("First Title").
[2]	All shares as of December 31, 2018 were shares of Legacy States Title. On January 7, 2019, in conjunction with the North American Title Acquisition, all shares of Legacy States Title were converted on a 1:1 basis into shares of the Company. Please see Note 1 and Note 3 in the accompanying notes to these consolidated financial statements for additional information.
[3]	On January 7, 2019, First Title purchased 104,774 Series A-1 preferred stock.

Condensed Consolidated Statements of Changes in Stockholders' Equity (Parenthetical)	Sep. 28, 2017
FTS Agency \| Legacy States Title
Ownership percentage by parent	51.00%
FTS Agency \| First Title & Escrow, Inc
Ownership percentage by noncontrolling owners	49.00%

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash Flows from Operating Activities:
Net loss	$ (35,057)	$ (22,918)	$ (35,103)	$ (27,137)	$ (12,047)
Net loss			(35,103)	(27,137)	(12,354)
Adjustments to reconcile net loss to net cash used in operating activities:
Interest expense - paid in kind	3,929	3,602	6,462	9,369	0
Depreciation and amortization	5,727	2,016	5,815	1,880	10
Stock-based compensation expenses	5,256	590	2,495	899	128
Investment Income, Net, Amortization of Discount and Premium			566	90	0
Amortization of debt issuance costs and original issue discount	899	0
Provision for doubtful accounts	477	267	424	210	0
Deferred income taxes	250	349	699	277	0
Deferred income taxes			739	277	0
Accrued interest on convertible notes			0	0	373
Accrued interest on notes receivables from employees			0	0	(3)
Realized gain on available for sale debt securities	(678)	0
Change in fair market value of convertible notes			0	0	1,643
Net unrealized gain (loss) non equity securities	119	150	(54)	(217)	0
Realized (gain) loss on sale of investments			(146)	6	0
(Gain) loss on disposal of fixed assets and title plants	8	(382)	(345)	56	0
Accretion of discounts on held-to-maturity securities	506	201
Changes in operating assets and liabilities:
Accounts receivable	1,142	2,579	(2,243)	1,565	0
Prepaid expenses, deposits and other assets	(11,626)	(1,849)	(2,261)	(591)	(106)
Accounts payable	1,387	3,060	2,209	(5,055)	1,059
Accrued expenses and other liabilities	5,346	(7,030)	5,126	12,036	583
Liability for loss and loss adjustments expenses	4,906	(109)	7,042	3,492	0
Net cash used in operating activities	(17,409)	(19,474)	(9,274)	(3,120)	(8,667)
Cash Flows from Investing Activities:
Purchase of Acquired Business of NATG, net of cash acquired			0	37,270	0
Acquisition of FTS Agency			0	(1,725)	0
Proceeds from sales and maturities of investments: Held-to-maturity	14,149	8,898	18,408	42,191	0
Proceeds from sales and maturities of investments: Available-for-sale	7,817	0	0	1,013	397
Proceeds from sales of investments: Equity securities	2,000	0
Proceeds from sales and maturities of investments: Mortgage loans	45	365	390	3,473	0
Purchases of investments: Held-to-maturity	(33,430)	(53,198)	(65,403)	(9,489)	0
Purchases of investments: Equity securities	0	(1,000)	(1,000)	0	0
Purchase of available-for-sale debt securities			0	(4,142)	(2,302)
Proceeds from sales of fixed assets	307	123
Purchases of fixed assets	(10,944)	(7,687)	(17,013)	(6,990)	(29)
Proceeds from sale of title plants and dividends from title plants	239	1,183	1,585	0	0
Net cash used in investing activities	(19,817)	(51,316)	(63,033)	61,601	(1,934)
Cash Flows from Financing Activities:
Proceeds from issuance of convertible notes			0	0	7,500
Capital contributions of non-controlling interest to FTS agency			0	0	44
Proceeds from issuance of Series B and Series C preferred stock, net of financing costs	0	70,701
Proceeds from promissory notes – related party			0	4,000	0
Proceeds from issuance of senior first lien note	150,000	0
Payments on loan from a related party	(65,532)	(27,622)	(28,431)	(13,368)	0
Debt issuance costs	(579)	0
Exercise of stock warrants	49	0
Exercise of stock options	1,515	51	391	186	14
Net cash provided by (used in) financing activities	85,453	43,130	42,661	67,281	7,558
Net change in cash and cash equivalents and restricted cash	48,227	(27,660)	(29,646)	125,762	(3,043)
Cash, cash equivalents and restricted cash at the beginning period	112,022	141,668	141,668	15,906	18,949
Cash and cash equivalents and restricted cash at the end of period	160,249	114,008	112,022	141,668	15,906
Supplemental cash flow disclosures:
Cash paid for interest	3,407	0	7	10	0
Income Taxes Paid			240	0	0
Supplemental disclosure of non-cash investing activities:
Unrealized loss on available-for-sale debt securities	(179)	(496)	176	510	0
Issuance of penny warrants related to the senior first lien note	$ 18,519	$ 0
Conversion of convertible notes to Series A-1 preferred stock and Series A-2 preferred stock			0	22,533	0
Promissory note issued in conjunction with acquisition of joint venture			0	500	0
Series B Preferred Stock
Cash Flows from Financing Activities:
Proceeds from issuance of Series B and Series C preferred stock, net of financing costs			0	24,950	0
Series C Preferred Stock
Cash Flows from Financing Activities:
Proceeds from issuance of Series B and Series C preferred stock, net of financing costs			$ 70,701	$ 51,513	$ 0

Description of Organization and Business Operations	6 Months Ended	12 Months Ended
Description of Organization and Business Operations	Jun. 30, 2021	Dec. 31, 2020
Description of Organization and Business Operations (Details) [Line Items]
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS	Organization and business operations Doma Holdings, Inc. (the “Company,” “Doma,” “we,” “us” or “our”) was referred to as States Title, Inc. prior to the North American Title Acquisition and as States Title Holding, Inc. (which changed its name to Doma Holdings, Inc. on March 1, 2021) after the North American Title Acquisition. Headquartered in San Francisco, CA, Doma is a real estate technology company that is architecting the future of real estate transactions. Using machine intelligence and our proprietary technology solutions, we are creating a vastly more simple, efficient, and affordable real estate closing experience for current and prospective homeowners, lenders, title agents and real estate professionals. We are licensed to underwrite title insurance in 39 states and the District of Columbia. The Company was initially formed as a wholly-owned subsidiary of States Title Inc. (“Legacy States Title”) to combine the operations of Legacy States Title and the retail agency and title insurance underwriting business (the “Acquired Business”) of North American Title Group, LLC (“NATG”), a subsidiary of Lennar Corporation (“Lennar”). We completed the acquisition of the Acquired Business on January 7, 2019 (the "Close Date"), which we refer hereinafter as the “North American Title Acquisition.” Doma survived the North American Title Acquisition as the parent company and now wholly owns the businesses operated by Legacy States Title and the Acquired Business. We conduct our operations through two reportable segments, (1) Distribution and (2) Underwriting. See further discussion in Note 6 for additional information regarding segment information.	Organization and business operations Doma Holdings, Inc. (the “Company,” “Doma,” “we,” “us” or “our”) was referred to as States Title, Inc. prior to the North American Title Acquisition and as States Title Holding, Inc. (which changed its name to Doma Holdings, Inc. on March 1, 2021) after the North American Title Acquisition. Headquartered in San Francisco, CA, Doma is a real estate technology company that is architecting the future of real estate transactions. Using machine intelligence and our proprietary technology solutions, we are creating a vastly more simple, efficient, and affordable real estate closing experience for current and prospective homeowners, lenders, title agents and real estate professionals. We are licensed to underwrite title insurance in 39 states and the District of Columbia. The Company was initially formed as a wholly-owned subsidiary of States Title Inc. (“Legacy States Title”) to combine the operations of Legacy States Title and the retail agency and title insurance underwriting business (the “Acquired Business”) of North American Title Group, LLC (“NATG”), a subsidiary of Lennar Corporation (“Lennar”). We completed the acquisition of the Acquired Business on January 7, 2019 (the "Close Date"), which we refer hereinafter as the “North American Title Acquisition.” Doma survived the North American Title Acquisition as the parent company and now wholly owns the businesses operated by Legacy States Title and the Acquired Business. See Note 3 for additional information regarding the North American Title Acquisition. We conduct our operations through two reportable segments, (1) Distribution and (2) Underwriting. See further discussion in Note 7 for additional information regarding segment information.
Capitol Investment Corp. V
Description of Organization and Business Operations (Details) [Line Items]
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS	DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS Capitol Investment Corp. V (the “Company”) was originally incorporated in the Cayman Islands on May 1, 2017 as a blank check company. In May 2019, the Company was redomesticated from the Cayman Islands to the state of Delaware. The Company’s objective is to acquire, through a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination, one or more businesses or entities (a “Business Combination”). As of June 30, 2021, the Company had not commenced any operations. All activity through June 30, 2021 relates to the Company’s formation and the initial public offering (“Initial Public Offering”), which is described below. The Company will not generate any operating revenues until after the completion of a Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering. The registration statement for the Company’s Initial Public Offering was declared effective on December 1, 2020. On December 4, 2020, the Company consummated the Initial Public Offering of 34,500,000 units (the “Units” and, with respect to the shares of Class A common stock included in the Units sold, the “Public Shares”), which includes the full exercise by the underwriters of their over-allotment option in the amount of 4,500,000 Units, at $10.00 per Unit, generating gross proceeds of $345,000,000, which is described in Note 3. Simultaneously with the closing of the Initial Public Offering, the Company consummated the private placement of 5,833,333 warrants (each, a “Private Placement Warrant” and, collectively, the “Private Placement Warrants”) at a price of $1.50 per Private Placement Warrant in a private placement to Capitol Acquisition Management V LLC, which is controlled by Mark D. Ein, the Company’s Chief Executive officer and chairman of the board of directors, and Capitol Acquisition Founder V LLC, which is controlled by L. Dyson Dryden, the President and Chief Financial Officer and a member of the board of directors (the “Sponsors”), and the independent directors, generating gross proceeds of $8,750,000, which is described in Note 4. Transaction costs amounted to $19,469,085, consisting of $6,900,000 of underwriting fees, $12,075,000 of deferred underwriting fees and $494,085 of other offering costs. Of the $19,469,085 of transaction costs, $873,424 were allocable to warrant liabilities and expensed. Following the closing of the Initial Public Offering on December 4, 2020, an amount of $345,000,000 ($10.00 per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of the Private Placement Warrants was placed in a trust account (the “Trust Account”), and may be invested only in U.S. “government securities” within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), having a maturity of 180 days or less or in money market funds meeting certain conditions under Rule 2a-7 promulgated under the Investment Company Act until the earlier of (i) the consummation of the Company’s first Business Combination and (ii) the Company’s failure to consummate a Business Combination within the prescribed time. The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of the Private Placement Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. There is no assurance that the Company will be able to complete a Business Combination successfully. Placing funds in the Trust Account may not protect those funds from third-party claims against the Company. Although the Company will seek to have all vendors, service providers, prospective target businesses or other entities it engages execute agreements with the Company waiving any claim of any kind in or to any monies held in the Trust Account, there is no guarantee that such persons will execute such agreements. The Sponsors have agreed that they will be liable jointly and severally to the Company if and to the extent any claims by a third party for services rendered or products sold to the Company, or a prospective target business with which the Company has entered into a written letter of intent, confidentiality or other similar agreement or business combination agreement, reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per Public Share and (ii) the actual amount per share held in the Trust Account as of the date of the liquidation of the Trust Account, if less than $10.00 per share due to reductions in the value of the trust assets, less taxes payable, provided that such liability will not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) nor will it apply to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). However, there can be no assurance that they will be able to satisfy those obligations should they arise. The remaining net proceeds (not held in the Trust Account) may be used to pay for business, legal and accounting due diligence on prospective acquisitions and continuing general and administrative expenses. In addition, interest income on the funds held in the Trust Account can be released to the Company to pay the Company’s tax obligations. In connection with any proposed initial Business Combination, the Company will either (1) seek stockholder approval of such initial Business Combination at a meeting called for such purpose or (2) provide stockholders with the opportunity to sell their Public Shares to the Company by means of a tender offer (and thereby avoid the need for a stockholder vote), in each case where stockholders may seek to convert their Public Shares into their pro rata share of the aggregate amount then on deposit in the Trust Account, less any taxes then due but not yet paid. If the Company determines to engage in a tender offer, such tender offer will be structured so that each stockholder may tender any or all of his, her or its Public Shares rather than some pro rata portion of his, her or its shares. In that case, the Company will file tender offer documents with the U.S. Securities and Exchange Commission (the “SEC”) which will contain substantially the same financial and other information about the initial Business Combination as is required under the SEC’s proxy rules. The decision as to whether the Company will seek stockholder approval of a proposed Business Combination or will allow stockholders to sell their shares to it in a tender offer will be made by the Company based on a variety of factors such as the timing of the transaction or whether the terms of the transaction would otherwise require it to seek stockholder approval. Notwithstanding the foregoing, if the Company seeks stockholder approval of an initial Business Combination, a public stockholder, together with any affiliate of his or any other person with whom he is acting in concert or as a “group” (as defined in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended) will be restricted from seeking redemption rights with respect to 20% or more of the Public Shares without the Company’s prior written consent. The Company will proceed with a Business Combination only if it has net tangible assets of at least $5,000,001 immediately prior to or upon consummation of the Business Combination and, if the Company seeks stockholder approval, a majority of the outstanding common stock of the Company voted are voted in favor of the Business Combination. In connection with any stockholder vote required to approve any Business Combination, the Sponsors and any other initial stockholders of the Company (collectively, the “Initial Stockholders”) will agree (i) to vote any of their respective shares in favor of the initial Business Combination and (ii) not to convert any of their respective shares (or sell their shares to the Company in any related tender offer). Holders of warrants sold as part of the Units will not be entitled to vote on the proposed Business Combination and will have no conversion or liquidation rights with respect to their common stock underlying such warrants. The Company’s certificate of incorporation was amended prior to the Initial Public Offering to provide that the Company will continue in existence only until December 4, 2022 or during any extended time that the Company has to consummate a Business Combination beyond December 4, 2022 as a result of a stockholder vote to amend its amended and restated certificate of incorporation. If the Company has not completed a Business Combination by such date, the Company will (i) cease all operations except for the purpose of winding down, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem 100% of the outstanding Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including any interest not previously released to the Company but net of taxes payable and up to $100,000 of interest to pay dissolution expenses, divided by the number of then-outstanding Public Shares, which redemption will completely extinguish the rights of public stockholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining stockholders and its board of directors, dissolve and liquidate, subject (in the case of (ii) and (iii) above) to the Company’s obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. In the event of a liquidation, the Public Stockholders will be entitled to receive a full pro rata interest in the Trust Account (initially anticipated to be approximately $10.00 per share, plus any pro rata interest earned on the Trust Fund not previously released to the Company net of taxes payable). On March 2, 2021, Capitol announced that it entered into a definitive merger agreement for its initial business combination with Doma Holdings, Inc., or Doma, a leading force for disruptive change in the residential real estate industry. Doma uses machine intelligence to replace large portions of the antiquated residential real estate closing process with instant technology solutions. Doma’s machine intelligence algorithms are being trained and optimized on 30 years of historical anonymized closing transaction data, allowing Doma to make underwriting decisions in less than a minute and significantly reduce the time, effort and cost of the entire process. In connection with the transaction, Capitol entered into various subscription agreements with certain third-party investors (the “PIPE Investors”) pursuant to which the PIPE Investors have committed to make private investments in public equity in the form of Class A common stock in the aggregate amount of $300 million, for which the PIPE Investors will receive an aggregate of 30 million shares of common stock in the combined company. It is expected that Mark D. Ein will join the combined company’s board of directors upon completion of the transaction. Liquidity As of June 30, 2021, the Company had $0 in its operating bank accounts, $345,013,964 in marketable securities held in the Trust Account to be used for a Business Combination or to repurchase or redeem stock in connection therewith, and working capital deficit of $634,140, which excludes franchise and income taxes payable of $100,000, as such amounts may be paid from interest earned on the Trust Account. For the six months ended June 30, 2021, interest income which is available to pay the Company’s tax obligations amounted to approximately $14,000. Through June 30, 2021, the Company had withdrawn approximately $51,700 from the Trust Account to pay franchise taxes. In February 2021, the Sponsors and the independent directors collectively committed to provide the Company an aggregate of $970,000 in loans. In May 2021, the Sponsors and the independent directors collectively committed to provide the Company an additional $756,000 in loans. In July 2021, the Sponsors committed to provide the Company an additional $627,000 in loans. The loans, if issued, as well as any future loans that may be made by the Company’s officers and directors (or their affiliates), will be evidenced by notes and would either be repaid upon the consummation of a Business Combination or up to $2,000,000 of the notes may be converted into warrants at a price of $1.50 per warrant at the option of the lender. As of June 30, 2021, the Company had an outstanding balance of $700,000 under such promissory notes. On July 15, 2021, the Company issued an additional $370,000 under such promissory notes. None of the notes had been converted to warrants. The Company may raise additional capital through loans or additional investments from the Sponsors or its stockholders, officers, directors, or third parties. The Company’s officers and directors and the Sponsors may, but are not obligated to (except as described above), loan the Company funds, from time to time, in whatever amount they deem reasonable in their sole discretion, to meet the Company’s working capital needs. Based on the foregoing, the Company believes it will have sufficient cash to meet its needs through the earlier of consummation of a Business Combination or July 15, 2022. Risks and Uncertainties Management continues to evaluate the impact of the COVID-19 pandemic and has concluded that while it is reasonably possible that the virus could have a negative effect on the Company’s financial position, results of its operations and/or search for a target company, the specific impact is not readily determinable as of the date of the financial statements. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.	DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS Capitol Investment Corp. V (the “Company”) was originally incorporated in the Cayman Islands on May 1, 2017 as a blank check company. In May 2019, the Company was redomesticated from the Cayman Islands to the state of Delaware. The Company’s objective is to acquire, through a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination, one or more businesses or entities (a “Business Combination”). As of December 31, 2020, the Company had not commenced any operations. All activity through December 31, 2020 relates to the Company’s formation and the initial public offering (“Initial Public Offering”), which is described below. The Company will not generate any operating revenues until after the completion of a Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering. The registration statement for the Company’s Initial Public Offering was declared effective on December 1, 2020. On December 4, 2020, the Company consummated the Initial Public Offering of 34,500,000 units (the “Units” and, with respect to the shares of Class A common stock included in the Units sold, the “Public Shares”), which includes the full exercise by the underwriters of their over-allotment option in the amount of 4,500,000 Units, at $10.00 per Unit, generating gross proceeds of $345,000,000, which is described in Note 3. Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 5,833,333 warrants (each, a “Founders’ Warrant” and, collectively, the “Founders’ Warrants”) at a price of $1.50 per Founders’ Warrant in a private placement to Capitol Acquisition Management V LLC, which is controlled by Mark D. Ein, the Company’s Chief Executive officer and chairman of the board of directors, and Capitol Acquisition Founder V LLC, which is controlled by L. Dyson Dryden, the President and Chief Financial Officer and a member of the board of directors (the “Sponsors”), and the independent directors, generating gross proceeds of $8,750,000, which is described in Note 4. Transaction costs amounted to $19,469,085, consisting of $6,900,000 of underwriting fees, $12,075,000 of deferred underwriting fees and $494,085 of other offering costs. Following the closing of the Initial Public Offering on December 4, 2020, an amount of $345,000,000 ($10.00 per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of the Founders’ Warrants was placed in a trust account (the “Trust Account”), and may be invested only in U.S. “government securities” within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), having a maturity of 180 days or less or in money market funds meeting certain conditions under Rule 2a-7 promulgated under the Investment Company Act until the earlier of (i) the consummation of the Company’s first Business Combination and (ii) the Company’s failure to consummate a Business Combination within the prescribed time. The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of the Founders’ Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. There is no assurance that the Company will be able to complete a Business Combination successfully. Placing funds in the Trust Account may not protect those funds from third-party claims against the Company. Although the Company will seek to have all vendors, service providers, prospective target businesses or other entities it engages execute agreements with the Company waiving any claim of any kind in or to any monies held in the Trust Account, there is no guarantee that such persons will execute such agreements. The Sponsors have agreed that they will be liable jointly and severally to the Company if and to the extent any claims by a third party for services rendered or products sold to the Company, or a prospective target business with which the Company has entered into a written letter of intent, confidentiality or other similar agreement or business combination agreement, reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per Public Share and (ii) the actual amount per share held in the Trust Account as of the date of the liquidation of the Trust Account, if less than $10.00 per share due to reductions in the value of the trust assets, less taxes payable, provided that such liability will not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) nor will it apply to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). However, there can be no assurance that they will be able to satisfy those obligations should they arise The remaining net proceeds (not held in the Trust Account) may be used to pay for business, legal and accounting due diligence on prospective acquisitions and continuing general and administrative expenses. In addition, interest income on the funds held in the Trust Account can be released to the Company to pay the Company’s tax obligations. In connection with any proposed initial Business Combination, the Company will either (1) seek stockholder approval of such initial Business Combination at a meeting called for such purpose or (2) provide stockholders with the opportunity to sell their Public Shares to the Company by means of a tender offer (and thereby avoid the need for a stockholder vote), in each case where stockholders may seek to convert their Public Shares into their pro rata share of the aggregate amount then on deposit in the Trust Account, less any taxes then due but not yet paid. If the Company determines to engage in a tender offer, such tender offer will be structured so that each stockholder may tender any or all of his, her or its Public Shares rather than some pro rata portion of his, her or its shares. In that case, the Company will file tender offer documents with the U.S. Securities and Exchange Commission (the “SEC”) which will contain substantially the same financial and other information about the initial Business Combination as is required under the SEC’s proxy rules. The decision as to whether the Company will seek stockholder approval of a proposed Business Combination or will allow stockholders to sell their shares to it in a tender offer will be made by the Company based on a variety of factors such as the timing of the transaction or whether the terms of the transaction would otherwise require it to seek stockholder approval. Notwithstanding the foregoing, if the Company seeks stockholder approval of an initial Business Combination, a public stockholder, together with any affiliate of his or any other person with whom he is acting in concert or as a “group” (as defined in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended) will be restricted from seeking redemption rights with respect to 20% or more of the Public Shares without the Company’s prior written consent. The Company will proceed with a Business Combination only if it has net tangible assets of at least $5,000,001 immediately prior to or upon consummation of the Business Combination and, if the Company seeks stockholder approval, a majority of the outstanding common stock of the Company voted are voted in favor of the Business Combination. In connection with any stockholder vote required to approve any Business Combination, the Sponsors and any other initial stockholders of the Company (collectively, the “Initial Stockholders”) will agree (i) to vote any of their respective shares in favor of the initial Business Combination and (ii) not to convert any of their respective shares (or sell their shares to the Company in any related tender offer). Holders of warrants sold as part of the Units will not be entitled to vote on the proposed Business Combination and will have no conversion or liquidation rights with respect to their common stock underlying such warrants. The Company’s certificate of incorporation was amended prior to the Initial Public Offering to provide that the Company will continue in existence only until December 4, 2022 or during any extended time that the Company has to consummate a Business Combination beyond December 4, 2022 as a result of a stockholder vote to amend its amended and restated certificate of incorporation. If the Company has not completed a Business Combination by such date, the Company will (i) cease all operations except for the purpose of winding down, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem 100% of the outstanding Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including any interest not previously released to the Company but net of taxes payable and up to $100,000 of interest to pay dissolution expenses, divided by the number of then-outstanding Public Shares, which redemption will completely extinguish the rights of public stockholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining stockholders and its board of directors, dissolve and liquidate, subject (in the case of (ii) and (iii) above) to the Company’s obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. In the event of a liquidation, the Public Stockholders will be entitled to receive a full pro rata interest in the Trust Account (initially anticipated to be approximately $10.00 per share, plus any pro rata interest earned on the Trust Fund not previously released to the Company net of taxes payable). Liquidity As of December 31, 2020, the Company had $632,387 in its operating bank accounts, $345,012,580 in marketable securities held in the Trust Account to be used for a Business Combination or to repurchase or redeem stock in connection therewith, and working capital of $1,230,730, which excludes franchise and income taxes payable of $18,454, as such amounts may be paid from interest earned on the Trust Account. As of December 31, 2020, approximately $12,600 of the amount on deposit in the Trust Account represented interest income, which is available to pay the Company’s tax obligations. Through December 31, 2020, the Company had not withdrawn any amounts from the Trust Account to pay any tax obligations. In February 2021, the Sponsors and the independent directors collectively committed to provide the Company an aggregate of $970,000 in loans. The loans, if issued, as well as any future loans that may be made by the Company’s officers and directors (or their affiliates), will be evidenced by notes and would either be repaid upon the consummation of a Business Combination or up to $2,000,000 of the notes may be converted into warrants at a price of $1.50 per warrant at the option of the lender. The Company may raise additional capital through loans or additional investments from the Sponsors or its stockholders, officers, directors, or third parties. The Company’s officers and directors and the Sponsors may, but are not obligated to (except as described above), loan the Company funds, from time to time, in whatever amount they deem reasonable in their sole discretion, to meet the Company’s working capital needs. Based on the foregoing, the Company believes it will have sufficient cash to meet its needs through the earlier of consummation of a Business Combination or March 1, 2022. Risks and Uncertainties Management continues to evaluate the impact of the COVID-19 pandemic and has concluded that while it is reasonably possible that the virus could have a negative effect on the Company’s financial position, results of its operations and/or search for a target company, the specific impact is not readily determinable as of the date of the financial statements. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Restatement of Previously Issued Financial Statements

12 Months Ended

Dec. 31, 2020

Class of Warrant or Right [Line Items]

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS

On April 12, 2021, the Acting Director of the Division of Corporation Finance and Acting Chief Accountant of the Securities and Exchange Commission together issued a statement regarding the accounting and reporting considerations for warrants issued by special purpose acquisition companies entitled “Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies (“SPACs”)” (the “SEC Statement”). Specifically, the SEC Statement focused on certain settlement terms and provisions related to certain tender offers following a business combination, which terms are similar to those contained in the warrant agreement, dated as of December 1, 2020, between the Company and Continental Stock Transfer & Trust Company, a New York corporation, as warrant agent (the “Warrant Agreement”). As a result of the SEC Statement, the Company reevaluated the accounting treatment of (i) the 11,500,000 redeemable warrants (the “Public Warrants”) that were included in the units issued by the Company in its initial public offering (the “IPO”) and (ii) the 5,833,333 redeemable warrants that were issued to the Company’s sponsor in a private placement that closed concurrently with the closing of the IPO (the “Private Placement Warrants” and, together with the Public Warrants, the “Warrants,” which are discussed in Note 4, Note 5, Note 8 and Note 10). The Company previously accounted for the Warrants as components of equity.

The guidance in Accounting Standards Codification (“ASC”) 815-40, Derivatives and Hedging — Contracts in Entity’s Own Equity, addresses equity versus liability treatment and classification of equity-linked financial instruments, including warrants, and states that a warrant may be classified as a component of equity only if, among other things, the warrant is indexed to the issuer’s common stock. Upon further evaluation of the terms of the Warrants, management concluded that the Warrants should be accounted for as a derivative liability. The warrant agreement includes a provision (the “Replacement of Securities Upon Reorganization”) the application of which could result in a different settlement value for the Warrants depending on their holder. Because the holder of an

instrument is not an input into the pricing of a fixed-for-fixed option on the Company’s common stock, as noted in ASC 815-40-15, the Warrants could not be considered “indexed to the Company’s own stock.” In addition, the provision provides that in the event of a tender or exchange offer accepted by holders of more than 50% of the outstanding shares of the Company’s common stock, all holders of the Warrants (both public warrants and private placement warrants) would be entitled to receive cash for their Warrants. In other words, in the event of a qualifying cash tender offer (which could be outside of the Company’s control), all Warrant holders would be entitled to cash, while only certain holders of the Company’s common stock would be entitled to cash. Thus, these provisions preclude the Company from classifying the Warrants in stockholders’ equity. As the Warrants meet the definition of a derivative as contemplated in ASC 815, the Warrants should be recorded as derivative liabilities on the Balance Sheet and measured at fair value at inception (on the date of the IPO) and at each reporting date in accordance with ASC 820, Fair Value Measurement, with changes in fair value recognized in the Statement of Operations in the period of change.

The Company’s management and the audit committee of the Company’s Board of Directors concluded that it is appropriate to restate the Company’s previously issued audited financial statements as of December 31, 2020 and for the year ended December 31, 2020, as previously reported in its Form 10-K. The restated classification and reported values of the Warrants as accounted for under ASC 815-40 are included in the financial statements herein.

Additionally, the Company revised the Statement of Changes in Stockholders’ Equity to present temporary equity separate from permanent equity, which allows for better alignment to the Balance Sheet presentation. Accordingly, the Company revised the financial statement name to Statement of Changes in Temporary Equity and Permanent Equity to reflect this presentation change.

The following tables summarize the effect of the restatement on each financial statement line item as of the dates and for the period indicated:


	As Previously Reported		Adjustment		As Restated
Balance Sheet as of December 4, 2020
Warrant liabilities	$	—	$	23,053,333	$	23,053,333
Total liabilities	12,075,000		23,053,333		35,128,333
Class A common stock subject to possible redemption	329,284,280		(23,053,333)		306,230,947
Class A common stock	157		231		388
Additional paid-in capital	5,020,615		873,193		5,893,808
Accumulated deficit	$	(21,628)	$	(873,424)	$	(895,052)

Balance Sheet as of December 31, 2020
Warrant liabilities	$	—	$	30,680,000	$	30,680,000
Total liabilities	12,190,461		30,680,000		42,870,461
Class A common stock subject to possible redemption	329,149,850		(30,680,000)		298,469,850
Class A common stock	159		306		465
Additional paid-in capital	5,155,043		8,499,785		13,654,828
Accumulated deficit	$	(156,059)	$	(8,500,091)	$	(8,656,150)

Statement of Operations for the Year ended December 31, 2020
Formation and operational costs	$	157,497	$	873,424	$	1,030,921
Change in fair value of warrant liabilities	—		(7,626,667)		(7,626,667)
Other income (expense), net	12,580		(7,626,667)		(7,614,087)
Net loss	$	(144,917)	$	(8,500,091)	$	(8,645,008)


Basic and diluted weighted average shares outstanding, Class A common stock subject to possible redemption	32,914,985		(3,068,000)		29,846,985
Basic and diluted weighted average shares outstanding, non-redeemable common stock	7,698,927		170,066		7,868,993
Basic and diluted net loss per share, Non-redeemable common stock	$	(0.02)	$	(1.08)	$	(1.10)

Statement of Changes in Temporary Equity and Permanent Equity for the Year ended December 31, 2020
Sale of 34,500,000 Units, net of underwriting discounts – Additional Paid in Capital	$	325,527,465	$	(14,421,576)	$	311,105,889
Sale of 5,833,333 private placement warrants – Additional Paid in Capital	8,750,000		(8,750,000)		—
Excess of purchase price paid over fair value of private placement warrants – Additional Paid in Capital	—		991,667		991,667
Statement of Cash Flows for the year ended December 31, 2020
Cash Flows from Operating Activities:
Net Loss	$	(144,917)	$	(8,500,091)	$	(8,645,008)
Adjustments to reconcile net loss to net cash used in operating activities:
Change in fair value of warrant liabilities	—		7,626,667		7,626,667
Transaction costs allocable to warrant liabilities	—		873,424		873,424
Non-Cash Investing and Financing Activities
Initial classification of Class A common stock subject to redemption	$	329,284,280	$	(23,053,333)	$	306,230,947
Change in value of Class A common stock subject to redemption	(134,430)		(7,626,667)		(7,761,097)
Initial measurement of warrants issued in connection with the initial Public Offering accounted for as liabilities	—		23,053,333		23,053,333

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

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-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 10
-Section 65
-Paragraph 4
-Subparagraph (e)(2)
-URI http://asc.fasb.org/extlink&oid=122640432&loc=SL121648383-210437

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 848
-SubTopic 10
-Section 65
-Paragraph 1
-Subparagraph (e)(1)
-URI http://asc.fasb.org/extlink&oid=122150657&loc=SL122150809-237846

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 65
-Paragraph 8
-Subparagraph (e)(3)
-URI http://asc.fasb.org/extlink&oid=123459177&loc=SL121830611-158277

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Publisher FASB
-Subparagraph (c)

Summary of Significant Accounting Policies

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Summary Of Significant Accounting Policies [Line Items]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities and Exchange Commission (“SEC”). Certain information or footnote disclosures normally included in financial statements

prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented.

The accompanying unaudited condensed financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K/A for the year ended December 31, 2020 as filed with the SEC on May 11, 2021, which contains the audited financial statements and notes thereto. The financial information as of December 31, 2020 is derived from the audited financial statements presented in the Company’s Annual Report on Form 10-K/A for the year ended December 31, 2020. The interim results for the six months ended June 30, 2021 are not necessarily indicative of the results to be expected for the year ending December 31, 2021 or for any future interim periods.

Emerging Growth Company and Smaller Reporting Company

The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved.

Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s condensed financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

Additionally, the Company is a “smaller reporting company” as defined in Item 10(f)(1) of Regulation S-K. Smaller reporting companies may take advantage of certain reduced disclosure obligations, including, among other things, providing only two years of audited financial statements. The Company will remain a smaller reporting company until the last day of the fiscal year in which (1) the market value of its Class A common stock held by non-affiliates exceeds $250 million as of the end of that fiscal year’s second fiscal quarter, or (2) the Company’s annual revenues exceeded $100 million during such completed fiscal year and the market value of its Class A common stock held by non-affiliates exceeds $700 million as of the end of that fiscal year’s second fiscal quarter.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.

statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.

Cash and Cash Equivalents

The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of June 30, 2021 and December 31, 2020.

Marketable Securities Held in Trust Account

At June 30, 2021 and December 31, 2020, the assets in the Trust Account were held in cash and money market funds invested in U.S. government treasury obligations.

Convertible Debt

The Company accounts for conversion options embedded in convertible notes in accordance with ASC 815-15. ASC 815-15 generally requires companies to bifurcate conversion options embedded in convertible notes from their host instruments and to account for them as free standing derivative financial instruments.

The Company reviews the terms of convertible debt issued to determine whether there are embedded derivative instruments, including embedded conversion options, which are required to be bifurcated and accounted for separately as derivative financial instruments. In circumstances where the host instrument contains more than one embedded derivative instrument, including the conversion option, that is required to be bifurcated, the bifurcated derivative instruments are accounted for as a single, compound derivative instrument.

Bifurcated embedded derivatives are initially recorded at fair value and are then revalued at each reporting date with changes in the fair value reported as non-operating income or expense. When the equity or convertible debt instruments contain embedded derivative instruments that are to be bifurcated and accounted for as liabilities, the total proceeds received are first allocated to the fair value of all the bifurcated derivative instruments. The remaining proceeds, if any, are then allocated to the host instruments themselves, usually resulting in those instruments being recorded at a discount from their face value. The discount from the face value of the convertible debt, together with the stated interest on the instrument, is amortized over the life of the instrument through periodic charges to interest expense.

As of June 30, 2021, the embedded derivatives relating to the convertible debt was deemed to be immaterial.

Warrant Liabilities

The Company evaluated the Public Warrants and Private Placement Warrants (collectively, “Warrants,” which are discussed in Note 3, Note 4, Note 7 and Note 8) in accordance with ASC 815-40, “Derivatives and Hedging — Contracts in Entity’s Own Equity,” and concluded that a provision in the Warrant Agreement related to certain tender or exchange offers precludes the Warrants from being accounted for as components of equity. As the Warrants meet the definition of a derivative as contemplated in ASC 815, the Warrants are recorded as derivative liabilities on the condensed balance sheet and measured at fair value at inception (on the date of the IPO) and at each reporting date in accordance with ASC 820, “Fair Value Measurement,” with changes in fair value recognized in the statement of operations in the period of change.

Class A Common Stock Subject to Possible Redemption

The Company accounts for its Class A common stock subject to possible redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” Shares of Class A common stock subject to mandatory redemption is classified as a liability instrument and is measured at fair value. Conditionally redeemable common stock (including common stock that features redemption rights that is either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) is classified as temporary equity. At all other times, common stock is classified as stockholders’ equity. The Company’s Class A common stock features certain redemption rights that are considered

to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, Class A common stock subject to possible redemption is presented at redemption value as temporary equity, outside of the stockholders’ equity section of the Company’s condensed balance sheet.

The Company recognizes changes in redemption value immediately as they occur and adjusts the carrying value of redeemable common stock to equal the redemption value at the end of each reporting period. Increases or decreases in the carrying amount of redeemable common stock are affected by charges against additional paid in capital and accumulated deficit.

Income Taxes

The Company follows the asset and liability method of accounting for income taxes under ASC 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

FASB ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of June 30, 2021 and December 31, 2020. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.

Net Income (Loss) per Common Share

Net income (loss) per common share is computed by dividing net loss by the weighted average number of common shares outstanding for the period. The Company applies the two-class method in calculating earnings per share. Shares of common stock subject to possible redemption at June 30, 2021 and December 31, 2020, which are not currently redeemable and are not redeemable at fair value, have been excluded from the calculation of basic net income (loss) per common share since such shares, if redeemed, only participate in their pro rata share of the Trust Account earnings. The Company has not considered the effect of warrants sold in the Initial Public Offering and the private placement to purchase 17,333,333 shares of common stock in the calculation of diluted loss per share, since the exercise of the warrants into shares of common stock is contingent upon the occurrence of future events and the inclusion of such warrants would be anti-dilutive. As a result, diluted net income (loss) per common share is the same as basic net income (loss) per common share for the period presented.

The Company’s condensed statement of operations includes a presentation of income (loss) per share for common shares subject to possible redemption in a manner similar to the two-class method of income (loss) per share. Net income (loss) per common share, basic and diluted, for common stock subject to possible redemption is calculated by dividing the proportionate share of income or loss on marketable securities held by the Trust Account by the weighted average number of common stock subject to possible redemption outstanding since the original issuance.

Net income (loss) per share, basic and diluted, for non-redeemable common stock is calculated by dividing the net loss, adjusted for income or loss on marketable securities attributable to common stock subject to possible redemption, by the weighted average number of non-redeemable common stock outstanding for the period. Non-redeemable common stock includes Founder Shares and non-redeemable Class A common stock as these shares do not have any redemption features. Non-redeemable common stocks participate in the income or loss on marketable securities based on non-redeemable shares’ proportionate interest.

The following table reflects the calculation of basic and diluted net income (loss) per common stock (in dollars, except per share amounts):


	Three Months Ended
	June 30, 2021		June 30, 2020
Class A common stock subject to possible redemption
Numerator: Earnings allocable to Class A common stock subject to possible redemption
Interest earned on marketable securities held in Trust Account, net of franchise taxes	$	—	$	—
Net income allocable to Class A common stock subject to possible redemption	$	—	$	—
Denominator: Weighted Average Class A common stock subject to possible redemption
Basic and diluted weighted average shares outstanding	30,465,565		—
Basic and diluted net income per share	$	—	$	—
Non-Redeemable Common Stock
Numerator: Earnings allocable to non-redeemable common stock
Net income (loss)	$	(330,831)	$	(277)
Less: Net income allocable to Class A common stock subject to possible redemption	—		—
Non-redeemable net income (loss)	$	(330,831)	$	(277)
Denominator: Weighted Average non-redeemable common stock
Basic and diluted weighted average shares outstanding, non-redeemable common stock	12,659,435		7,500,000
Basic and diluted net income (loss) per share, non-redeemable common stock	$	(0.03)	$	(0.00)


	Six Months Ended
	June 30, 2021		June 30, 2020
Class A common stock subject to possible redemption
Numerator: Earnings allocable to Class A common stock subject to possible redemption
Interest earned on marketable securities held in Trust Account, net of franchise taxes	$	—	$	—
Net income allocable to Class A common stock subject to possible redemption	$	—	$	—
Denominator: Weighted Average Class A common stock subject to possible redemption
Basic and diluted weighted average shares outstanding	30,157,984		—
Basic and diluted net income per share	$	—	$	—
Non-Redeemable Common Stock
Numerator: Earnings allocable to non-redeemable common stock
Net income (loss)	$	5,854,968	$	(297)
Less: Net income allocable to Class A common stock subject to possible redemption	—		—
Non-redeemable net income (loss)	$	5,854,968	$	(297)
Denominator: Weighted Average Non-redeemable common stock
Basic and diluted weighted average shares outstanding, Non-redeemable common stock	12,967,016		7,500,000
Basic and diluted net income (loss) per share, Non-redeemable common stock	$	0.45	$	(0.00)

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage of $250,000. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.

Fair Value of Financial Instruments

The Company follows the guidance in ASC Topic 820, “Fair Value Measurement,” for its financial assets and liabilities that are re-measured and reported at fair value at each reporting period, and non-financial assets and liabilities that are re-measured and reported at fair value at least annually.

The fair value of the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the measurement date. In connection with measuring the fair value of its assets and liabilities, the Company seeks to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable inputs (internal assumptions about how market participants would price assets and liabilities). The following fair value hierarchy is used to classify assets and liabilities based on the observable inputs and unobservable inputs used in order to value the assets and liabilities:

Level 1:Quoted prices in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

Level 2:Observable inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets or liabilities in markets that are not active.

Level 3:Unobservable inputs based on our assessment of the assumptions that market participants would use in pricing the asset or liability.

See Note 8 for additional information on assets and liabilities measured at fair value.

Recent Accounting Standards

In August 2020, the FASB issued ASU No. 2020-06, “Debt-Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity” (“ASU 2020-06”), which simplifies accounting for convertible instruments by removing major separation models required under current GAAP. ASU 2020-06 removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception and it also simplifies the diluted earnings per share calculation in certain areas. ASU 2020-06 is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years, with early adoption permitted. The Company adopted ASU 2020-06 effective as of January 1, 2021. The adoption of ASU 2020-06 did not have an impact on the Company’s financial statements.

Management does not believe that any other recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s financial statements.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying financial statements are presented in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the SEC.

Emerging Growth Company

The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved.

Further, section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that

apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

Use of Estimates

Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.

Cash and Cash Equivalents

Marketable Securities Held in Trust Account

At December 31, 2020, substantially all of the assets held in the Trust Account were held in U.S. Treasury Bills.

Warrant Liabilities

The Company evaluated the Public Warrants and Private Placement Warrants (collectively, “Warrants,” which are discussed in Note 4, Note 5, Note 8 and Note 10) in accordance with ASC 815-40, “Derivatives and Hedging — Contracts in Entity’s Own Equity,” and concluded that a provision in the Warrant Agreement related to certain tender or exchange offers precludes the Warrants from being accounted for as components of equity. As the Warrants meet the definition of a derivative as contemplated in ASC 815, the Warrants are recorded as derivative liabilities on the Balance Sheet and measured at fair value at inception (on the date of the IPO) and at each reporting date in accordance with ASC 820, “Fair Value Measurement,” with changes in fair value recognized in the Statement of Operations in the period of change.

Class A Common Stock Subject to Possible Redemption

Components of Equity

Upon the IPO, the Company issued Class A common stock and Warrants. The Company allocated the proceeds received from the issuance using the with-and-without method. Under that method, the Company first allocated the proceeds to the Public Warrants based on their initial fair value measurement of $15,295,000 and then allocated the remaining proceeds, net of underwriting discounts and offering costs of $19,469,085, to the Class A common stock . A portion of the 34,500,000 Class A common stocks are presented within temporary equity, as certain shares are subject to redemption upon the occurrence of events not solely within the Company’s control. Similarly, the Company first allocated the proceeds of the Private Placement Warrants based on their initial fair value measurement of $7,758,333 and then allocated the remaining proceeds of $991,667 to the Class A common stock as additional paid in capital.

Income Taxes

FASB ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of December 31, 2020. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.

Net Loss per Common Share

Net loss per common share is computed by dividing net loss by the weighted average number of common shares outstanding for the period. The Company applies the two-class method in calculating earnings per share. Shares of common stock subject to possible redemption at December 31, 2020, which are not currently redeemable and are not redeemable at fair value, have been excluded from the calculation of basic net loss per common share since such shares, if redeemed, only participate in their pro rata share of the Trust Account earnings. The Company has not considered the effect of warrants sold in the Initial Public Offering and the private placement to purchase 17,333,333 shares of common stock in the calculation of diluted loss per share, since the exercise of the warrants into shares of common stock is contingent upon the occurrence of future events and the inclusion of such warrants could be anti-dilutive. As a result, diluted net loss per common share is the same as basic net loss per common share for the period presented.

The Company’s Statement of Operations includes a presentation of loss per share for common shares subject to possible redemption in a manner similar to the two-class method of loss per share. Net loss per common share, basic and diluted, for common stock subject to possible redemption is calculated by dividing the proportionate share of income or loss on marketable securities held by the Trust Account by the weighted average number of common stock subject to possible redemption outstanding since the original issuance.

Net loss per share, basic and diluted, for non-redeemable common stock is calculated by dividing the net loss, adjusted for income or loss on marketable securities attributable to common stock subject to possible redemption, by the weighted average number of non-redeemable common stock outstanding for the period. Non-redeemable common stock includes Founder Shares and non-redeemable Class A common stock as these shares do not have any redemption features. Non-redeemable common stocks participate in the income or loss on marketable securities based on non-redeemable shares’ proportionate interest.

The following table reflects the calculation of basic and diluted net loss per common stock (in dollars, except per share amounts):


	For the Year Ended December 31, 2020
Class A common stock subject to possible redemption
Numerator: Earnings allocable to Class A common stock subject to possible redemption
Interest earned on marketable securities held in Trust Account	$	10,883
Net income allocable to Class A common stock subject to possible redemption	$	10,883
Denominator: Weighted Average Class A common stock subject to possible redemption
Basic and diluted weighted average shares outstanding	$	29,846,985
Basic and diluted net income per share	$	0.00
Non-Redeemable Common Stock
Numerator: Earnings allocable to non-redeemable common stock
Net loss	$	(8,645,008)
Less: Net income allocable to Class A common stock subject to possible redemption	$	(10,883)
Non-redeemable net loss	$	(8,655,891)
Denominator: Weighted Average Non-redeemable common stock
Basic and diluted weighted average shares outstanding, Non-redeemable common stock	$	7,868,993
Basic and diluted net loss per share, Non-redeemable common stock	$	(1.10)

Concentration of Credit Risk

Fair Value of Financial Instruments

used to classify assets and liabilities based on the observable inputs and unobservable inputs used in order to value the assets and liabilities:

Level 1: Quoted prices in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

Level 2: Observable inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets or liabilities in markets that are not active.

Level 3: Unobservable inputs based on our assessment of the assumptions that market participants would use in pricing the asset or liability.

See Note 10 for additional information on assets and liabilities measured at fair value.

Recent Accounting Standards

Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s financial statements.

Initial Public Offering	6 Months Ended	12 Months Ended
Initial Public Offering	Jun. 30, 2021	Dec. 31, 2020
Capitol Investment Corp. V
Initial Public Offering [Line Items]
INITIAL PUBLIC OFFERING	INITIAL PUBLIC OFFERING Pursuant to the Initial Public Offering, the Company sold 34,500,000 Units, which included a full exercise by the underwriters of their over-allotment option in the amount of 4,500,000 Units, at a purchase price of $10.00 per unit. Each unit consists of one share of Class A common stock in the Company and one third of one redeemable warrant (the “Warrants”). Each whole Warrant entitles the holder to purchase one share of Class A common stock at a price of $11.50. In addition, if (x) the Company issues additional shares of Class A common stock or equity-linked securities for capital raising purposes in connection with the closing of the initial Business Combination at an issue price or effective issue price of less than $9.20 per share of Class A common stock (with such issue price or effective issue price to be determined in good faith by the board of directors and, in the case of any such issuance to the Initial Stockholders or their respective affiliates, without taking into account any founder shares held by the Initial Stockholders or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the initial Business Combination on the date of the consummation of the initial Business Combination (net of redemptions) and (z) the volume-weighted average trading price of the Class A common stock during the ten-trading day period starting on the trading day after the day on which the Company consummated the initial business Combination (such price, the “Market Value”) is below $9.20 per share, then the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, and the $18.00 per share redemption trigger price will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price, and the $10.00 per share redemption trigger price will be adjusted (to the nearest cent) to be equal to the higher of the Market Value and the Newly Issued Price. The Warrants are exercisable commencing on the later of 30 days after the Company’s completion of a Business Combination and 12 months from the closing of the Initial Public Offering and expire five years from the completion of a Business Combination. Only whole Warrants are exercisable. No fractional Warrants will be issued upon separation of the Units and only whole Warrants will trade. Redemption of Warrants When the Price Per Share of Class A Common Stock Equals or Exceeds $18.00. Once the Warrants become exercisable, the Company may call the Warrants for redemption: •in whole and not in part; •at a price of $0.01 per Warrant; •upon not less than 30 days’ prior written notice of redemption to each Warrant holder; and •if, and only if, the last reported sale price of the Class A common stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like and for certain issuances of Class A common stock and equity-linked securities as described above) for any 20 trading days within a 30-trading day period ending three business days before the Company sends to the notice of redemption to the Warrant holders. The Company will not redeem the Warrants as described above unless a registration statement under the Securities Act covering the issuance of the shares of Class A common stock issuable upon a cashless exercise of the Warrants is then effective and a current prospectus relating to those shares of Class A common stock is available throughout the 30-day redemption period, except if the Warrants may be exercised on a cashless basis and such cashless exercise is exempt from registration under the Securities Act. Redemption of Warrants When the Price Per Share of Class A Common Stock Equals or Exceeds $10.00. Once the Warrants become exercisable, the Company may redeem the outstanding Warrants: •in whole and not in part; •at $0.10 per Warrant upon a minimum of 30 days’ prior written notice of redemption; provided that holders will be able to exercise their Warrants prior to redemption and receive a number of shares based on the redemption date and the “fair market value” of Class A common stock except as otherwise described below; •if, and only if, the last reported sale price of Class A common stock equals or exceeds $10.00 per share (as adjusted per stock splits, stock dividends, reorganizations, reclassifications, recapitalizations and the like and for certain issuances of Class A common stock and equity-linked securities as described above) on the trading day prior to the date on which the Company sends the notice of redemption to the Warrant holders; and •if, and only if, the last reported sale price of Class A common stock is less than $18.00 per share (as adjusted for stock for stock splits, stock dividends, reorganizations, recapitalizations and the like and for certain issuances of Class A common stock and equity-linked securities), the Private Placement Warrants are also concurrently called for redemption on the same terms as the outstanding Warrants, as described above. The “fair market value” of Class A common stock will mean the volume-weighted average price of the Class A common stock for the ten trading days immediately following the date on which the notice of redemption is sent to the holders of Warrants. In no event will the Warrants be exercisable in connection with this redemption feature for more than 0.361 shares of Class A common stock per Warrant (subject to adjustment). In no event will the Company be required to net cash settle any warrant. If the Company is unable to complete a Business Combination and the Company liquidates the funds held in the Trust Account, holders of Warrants will not receive any of such funds with respect to their Warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with the respect to such Warrants. Accordingly, the Warrants may expire worthless.	INITIAL PUBLIC OFFERING Pursuant to the Initial Public Offering, the Company sold 34,500,000 Units, which included a full exercise by the underwriters of their over-allotment option in the amount of 4,500,000 Units, at a purchase price of $10.00 per unit. Each unit consists of one share of Class A common stock in the Company and one third of one redeemable warrant (the “Warrants”). Each whole Warrant entitles the holder to purchase one share of Class A common stock at a price of $11.50. In addition, if (x) the Company issues additional shares of Class A common stock or equity-linked securities for capital raising purposes in connection with the closing of the initial Business Combination at an issue price or effective issue price of less than $9.20 per share of Class A common stock (with such issue price or effective issue price to be determined in good faith by the board of directors and, in the case of any such issuance to the Initial Stockholders or their respective affiliates, without taking into account any founder shares held by the Initial Stockholders or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the initial Business Combination on the date of the consummation of the initial Business Combination (net of redemptions) and (z) the volume-weighted average trading price of the Class A common stock during the ten-trading day period starting on the trading day after the day on which the Company consummated the initial business Combination (such price, the “Market Value”) is below $9.20 per share, then the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, and the $18.00 per share redemption trigger price will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price, and the $10.00 per share redemption trigger price will be adjusted (to the nearest cent) to be equal to the higher of the Market Value and the Newly Issued Price. The Warrants are exercisable commencing on the later of 30 days after the Company’s completion of a Business Combination and 12 months from the closing of the Initial Public Offering and expire five years from the completion of a Business Combination. Only whole Warrants are exercisable. No fractional Warrants will be issued upon separation of the Units and only whole Warrants will trade. Redemption of Warrants When the Price Per Share of Class A Common Stock Equals or Exceeds $18.00. Once the Warrants become exercisable, the Company may call the Warrants for redemption: •in whole and not in part; •at a price of $0.01 per Warrant; •upon not less than 30 days’ prior written notice of redemption to each Warrant holder; and •if, and only if, the last reported sale price of the Class A common stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like and for certain issuances of Class A common stock and equity-linked securities as described above) for any 20 trading days within a 30-trading day period ending three business days before the Company sends to the notice of redemption to the Warrant holders. The Company will not redeem the Warrants as described above unless a registration statement under the Securities Act covering the issuance of the shares of Class A common stock issuable upon a cashless exercise of the Warrants is then effective and a current prospectus relating to those shares of Class A common stock is available throughout the 30-day redemption period, except if the Warrants may be exercised on a cashless basis and such cashless exercise is exempt from registration under the Securities Act. Redemption of Warrants When the Price Per Share of Class A Common Stock Equals or Exceeds $10.00. Once the Warrants become exercisable, the Company may redeem the outstanding Warrants: •in whole and not in part; •at $0.10 per Warrant upon a minimum of 30 days’ prior written notice of redemption; provided that holders will be able to exercise their Warrants prior to redemption and receive a number of shares based on the redemption date and the “fair market value” of Class A common stock except as otherwise described below; •if, and only if, the last reported sale price of Class A common stock equals or exceeds $10.00 per share (as adjusted per stock splits, stock dividends, reorganizations, reclassifications, recapitalizations and the like and for certain issuances of Class A common stock and equity-linked securities as described above) on the trading day prior to the date on which the Company sends the notice of redemption to the Warrant holders; and •if, and only if, the last reported sale price of Class A common stock is less than $18.00 per share (as adjusted for stock for stock splits, stock dividends, reorganizations, recapitalizations and the like and for certain issuances of Class A common stock and equity-linked securities), the Founders’ Warrants are also concurrently called for redemption on the same terms as the outstanding Warrants, as described above. The “fair market value” of Class A common stock will mean the volume-weighted average price of the Class A common stock for the ten trading days immediately following the date on which the notice of redemption is sent to the holders of Warrants. In no event will the Warrants be exercisable in connection with this redemption feature for more than $0.361 shares of Class A common stock per Warrant (subject to adjustment). In no event will the Company be required to net cash settle any warrant. If the Company is unable to complete a Business Combination and the Company liquidates the funds held in the Trust Account, holders of Warrants will not receive any of such funds with respect to their Warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with the respect to such Warrants. Accordingly, the Warrants may expire worthless.

Private Placement	6 Months Ended	12 Months Ended
Private Placement	Jun. 30, 2021	Dec. 31, 2020
Capitol Investment Corp. V
Private Placement (Details) [Line Items]
PRIVATE PLACEMENT	PRIVATE PLACEMENTSimultaneously with the closing of the Initial Public Offering, the Company’s Sponsors and independent directors purchased 5,833,333 Private Placement Warrants at $1.50 per warrant (for an aggregate purchase price of $8,750,000) from the Company. $6,900,000 of the proceeds received from the Private Placement Warrants purchases were placed in the Trust Account. The Private Placement Warrants are identical to the Warrants included in the Units sold in the Initial Public Offering, except that the Private Placement Warrants: (i) will not be redeemable by the Company and (ii) may be exercised for cash or on a cashless basis, so long as they are held by the initial purchasers or any of their permitted transferees. Additionally, the holders of the Private Placement Warrants have agreed not to transfer, assign or sell any of the Private Placement Warrants, including the shares of common stock issuable upon exercise of the Private Placement Warrants (except to certain permitted transferees), until 30 days after the completion of the Company’s initial Business Combination.	PRIVATE PLACEMENTSimultaneously with the closing of the Initial Public Offering, the Company’s Sponsors and independent directors purchased 5,833,333 Founders’ Warrants at $1.50 per warrant (for an aggregate purchase price of $8,750,000) from the Company. $6,900,000 of the proceeds received from the Founders’ Warrants purchases were placed in the Trust Account. The Founders’ Warrants are identical to the Warrants included in the Units sold in the Initial Public Offering, except that the Founders’ Warrants: (i) will not be redeemable by the Company and (ii) may be exercised for cash or on a cashless basis, so long as they are held by the initial purchasers or any of their permitted transferees. Additionally, the holders of the Founders’ Warrants have agreed not to transfer, assign or sell any of the Founders’ Warrants, including the shares of common stock issuable upon exercise of the Founders’ Warrants (except to certain permitted transferees), until 30 days after the completion of the Company’s initial Business Combination.

Related Party Transactions	6 Months Ended	12 Months Ended
Related Party Transactions	Jun. 30, 2021	Dec. 31, 2020
Related Party Transactions (Details) [Line Items]
RELATED PARTY TRANSACTIONS	Related party transactions Equity held by Lennar In connection with the North American Title Acquisition, subsidiaries of Lennar were granted equity in the Company. As of June 30, 2021, Lennar, through its subsidiaries, held a 26.1% equity stake in the Company on a fully diluted basis. Loan from Lennar In connection with the North American Title Acquisition, the Company received the Loan from Lennar. The Loan was repaid in full in January 2021 (see Note 7 for additional information). Shared services agreements between the Company and Lennar In connection with the North American Title Acquisition, the Company and Lennar entered into a transition services agreement (“TSA”) that provided for certain shared services provided by Lennar to the Company as it incorporated the Acquired Business into its operations, and also for the sharing of expenses in office locations that would contain both Company and Lennar personnel until such time one entity or the other, depending on the location, established separate office space for its personnel and operations. During the three and six months ended June 30, 2020, the Company paid Lennar $0.3 million in settlement of the TSA services arrangement. Additionally, during the six months ended June 30, 2021 and 2020, the Company paid Lennar approximately $0.1 million for rent associated with shared spaces. Transactions with Lennar In the routine course of its business, North American Title Insurance Company ("NATIC") underwrites title insurance policies for a subsidiary of Lennar. During the three months ended June 30, 2021 and 2020, the Company recorded revenues of $27.0 million and $24.3 million, respectively, from these transactions, which are included within our Underwriting segment. During the three months ended June 30, 2021 and 2020, the Company recorded premiums retained by third-party agents of $22.0 million and $19.7 million, respectively from these transactions. During the six months ended June 30, 2021 and 2020, the Company recorded revenues of $51.6 million and $41.3 million, respectively, from these transactions. During the six months ended June 30, 2021 and 2020, the Company recorded premiums retained by third-party agents of $41.8 million and $33.6 million, respectively from these transactions. As of June 30, 2021 and December 31, 2020, the Company had net receivables related to these transactions of $3.4 million and $4.4 million, respectively. These amounts are included in receivables, net on the Company's condensed consolidated balance sheets.	Related party transactions Equity held by Lennar In connection with the North American Title Acquisition, subsidiaries of Lennar were granted 7,004,797 shares of Series A-1 preferred stock and warrants to purchase 4,815,798 shares of Series A-1 preferred stock (see Note 1 for additional information). On June 17, 2019, a subsidiary of Lennar purchased 1,081,810 shares of Series B preferred stock for $10.2 million, or $9.46 per share. On December 5, 2019, a subsidiary of Lennar purchased 732,891 shares of Series C preferred stock for $8.9 million, which the Company applied as a prepayment of a portion of the principal on the Loan for the same amount (see Note 10 for additional information). As of December 31, 2020, Lennar, through its subsidiaries, held a 26.4% equity stake in the Company on a fully diluted basis. Loan from Lennar In connection with the North American Title Acquisition, the Company received the Loan from Lennar. See Note 10 for additional information including amounts paid for principal and interest during the years ended December 31, 2020 and 2019. Shared services agreements between the Company and Lennar In connection with the North American Title Acquisition, the Company and Lennar entered into a transition services agreement (“TSA”) that provided for certain shared services provided by Lennar to the Company as it incorporated the Acquired Business into its operations, and also for the sharing of expenses in office locations that would contain both Company and Lennar personnel until such time one entity or the other, depending on the location, established separate office space for its personnel and operations. During the year ended December 31, 2020, the Company paid Lennar $0.3 million related to TSA services. During the year ended December 31, 2019, the Company paid Lennar $3.9 million for TSA services rendered by Lennar, and Lennar paid the Company $2.5 million for TSA services rendered by the Company. Additionally, during the years ended December 31, 2020 and 2019, the Company paid Lennar $0.2 million and $0.2 million, respectively, for rent associated with shared spaces. As of December 31, 2020, there was no amount owed to, or due from, Lennar for services rendered under the TSA. As of December 31, 2019, the net amount owed to Lennar by the Company for services rendered under the TSA was $0.4 million. Transactions with Lennar In the routine course of its business, North American Title Insurance Company ("NATIC") underwrites title insurance policies for a subsidiary of Lennar. During the year ended December 31, 2020 and 2019, the Company recorded revenues of $88.6 million and $73.1 million, respectively, from these transactions, which are included within our Underwriting segment. During the year ended December 31, 2020 and 2019, the Company recorded premiums retained by third-party agents of $71.2 million and $59.9 million, respectively from these transactions. As of December 31, 2020 and 2019, the Company had net receivables related to these transactions of $4.4 million and $0.9 million, respectively. These amounts are included in receivables, net on the consolidated balance sheets.
Capitol Investment Corp. V
Related Party Transactions (Details) [Line Items]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Administrative Services Agreement The Company presently occupies office space provided by two affiliates of the Company’s executive officers. Such affiliates have agreed that, until the Company consummates a Business Combination, they will make such office space, as well as certain office and secretarial services, available to the Company, as may be required by the Company from time to time. The Company agreed, commencing on December 1, 2020, to pay such affiliates an aggregate of up to $20,000 per month for such services. For the six months ended June 30, 2021, the Company incurred $120,000 in fees for these services, of which is included in accounts payable and accrued expenses in the accompanying condensed balance sheets. Advances from Related Party As of June 30, 2021, the Sponsor paid for certain operating costs on behalf of the Company amounting to $1,800. The advances are non-interest bearing and due on demand. Promissory Notes — Related Party The Company issued an aggregate of $150,000 principal amount unsecured promissory notes to the Sponsors on October 20, 2017, as amended on February 21, 2020. On February 21, 2020, the Company issued an aggregate of $50,000 principal amount unsecured promissory notes to the Sponsors, of which $50,000 was funded on such date. On November 3, 2020, the Company amended and restated the October 20, 2017 promissory notes and the February 21, 2020 promissory notes, and issued an additional aggregate of $50,000 principal amount unsecured promissory notes to the Sponsors, for a total of $250,000 aggregate principal amount of promissory notes (the “Promissory Notes”). The Promissory Notes were non-interest bearing and payable on the earliest to occur of (i) October 20, 2021, (ii) the consummation of the Initial Public Offering and (iii) the abandonment of the Initial Public Offering. The outstanding balance under the Promissory Notes of $250,000 was repaid at the closing of the Initial Public Offering on December 4, 2020. In February 2021, the Sponsors and the independent directors collectively committed to provide the Company an aggregate of $970,000 in loans. In May 2021, the Sponsors and the independent directors collectively committed to provide the Company an additional $756,000 in loans. In July 2021, the Sponsors committed to provide the Company an additional $627,000 in loans. The loans, if issued, as well as any future loans that may be made by the Company’s officers and directors (or their affiliates), will be evidenced by notes and would either be repaid upon the consummation of a Business Combination or up to $2,000,000 of the notes may be converted into warrants at a price of $1.50 per warrant at the option of the lender. As of June 30, 2021, the Company had an outstanding balance of $700,000 under such promissory notes. On July 15, 2021, the company issued an additional $370,000 under such promissory notes. None of the notes have been converted to warrants.	RELATED PARTY TRANSACTIONS Administrative Services Agreement The Company presently occupies office space provided by two affiliates of the Company’s executive officers. Such affiliates have agreed that, until the Company consummates a Business Combination, they will make such office space, as well as certain office and secretarial services, available to the Company, as may be required by the Company from time to time. The Company agreed, commencing on December 1, 2020, to pay such affiliates an aggregate of up to $20,000 per month for such services. For the year ended December 31, 2020, the Company incurred $20,000 in fees for these services, of which is included in accounts payable and accrued expenses in the accompanying balance sheets. Promissory Notes — Related Party The Company issued an aggregate of $150,000 principal amount unsecured promissory notes to the Sponsors on October 20, 2017, as amended on February 21, 2020. On February 21, 2020, the Company issued an aggregate of $50,000 principal amount unsecured promissory notes to the Sponsors, of which $50,000 was funded on such date. On November 3, 2020, the Company amended and restated the October 20, 2017 promissory notes and the February 21, 2020 promissory notes, and issued an additional aggregate of $50,000 principal amount unsecured promissory notes to the Sponsors, for a total of $250,000 aggregate principal amount of promissory notes (the “Promissory Notes”). The Promissory Notes are non-interest bearing and payable on the earliest to occur of (i) October 20, 2021, (ii) the consummation of the Initial Public Offering and (iii) the abandonment of the Initial Public Offering. The outstanding balance under the Promissory Notes of $250,000 was repaid at the closing of the Initial Public Offering on December 4, 2020. In February 2021, the Sponsors and the independent directors collectively committed to provide the Company an aggregate of $970,000 in loans. The loans, if issued, as well as any future loans that may be made by the Company’s officers and directors (or their affiliates), will be evidenced by notes and would either be repaid upon the consummation of a Business Combination or up to $2,000,000 of the notes may be converted into warrants at a price of $1.50 per warrant at the option of the lender.

Commitments and Contingencies

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Loss Contingencies [Line Items]

COMMITMENTS AND CONTINGENCIES

Commitments and contingencies

Legal matters

The Company is subject to claims and litigation matters in the ordinary course of business. Management does not believe the resolution of any such matters will have a materially adverse effect on the Company’s financial position or results of operations.

Commitments and other contingencies

The Company leases office space and equipment under non-cancellable lease agreements that expire at various points through 2025. For the three months ended June 30, 2021 and 2020, rental expense under these leases was $2.3 million and $2.5 million, respectively. For the six months ended June 30, 2021 and 2020, rental expense under these leases was $4.6 million and $5.1 million, respectively.

As of June 30, 2021, total future commitments on non-cancelable operating leases with a minimum remaining term in excess of one year are as follows:


2021	$	4,129
2022	6,985
2023	5,722
2024	4,336
2025	2,721
2026	709
Total	$	24,602

The Company also administers escrow deposits as a service to customers, a substantial portion of which are held at third-party financial institutions. These escrow deposits amounted to $418.7 million and $290.9 million at June 30, 2021 and December 31, 2020, respectively. Such deposits are not reflected on the condensed consolidated balance sheets, but the Company could be contingently liable for them under certain circumstances (for example, if the Company disposes of escrowed assets). Such contingent liabilities have not materially impacted the results of operations or financial condition to date and are not expected to do so in the near term.

Commitments and contingencies

Legal matters

Commitments and other contingencies

The Company leases office space and equipment under non-cancellable lease agreements that expire at various points up through 2025. For the years ended December 31, 2020, 2019, and 2018, rental expense under these leases was $10.3 million, $11.3 million, and $0.3 million, respectively.

disposes of escrowed assets). Such contingent liabilities have not materially impacted the results of operations or financial condition to date and are not expected to do so in the near term.

As of December 31, 2020, total future commitments on non-cancelable operating leases with a minimum remaining term in excess of one year are as follows:


2021	$	7,473
2022	5,874
2023	4,660
2024	3,435
2025	2,118
2026	219
Total	$	23,779

COMMITMENTS AND CONTINGENCIES

Loss Contingencies [Line Items]

Registration Rights

Pursuant to a registration rights agreement entered into on December 1, 2020, the holders of the shares of Class B common stock, Private Placement Warrants and any warrants that may be issued upon conversion of working capital loans (and any shares of Class A common stock issuable upon the exercise of the Private Placement Warrants and warrants that may be issued upon conversion of working capital loans) will be entitled to registration rights. The holders of these securities will be entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders will have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of an initial Business Combination and rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. The registration rights agreement does not contain liquidating damages or other cash settlement provisions resulting

from delays in registering the Company’s securities. The Company will bear the expenses incurred in connection with the filing of any such registration statements.

Contingent Fee Arrangement

The Company has entered into a fee arrangement with a service provider pursuant to which certain fees incurred by the Company will be deferred and become payable only if the Company consummates a Business Combination. If a Business Combination does not occur, the Company will not be required to pay these contingent fees. As of June 30, 2021, the amount of these contingent fees was approximately $2,963,000. There can be no assurances that the Company will complete a Business Combination.

Related Party Loans

In order to fund working capital deficiencies or finance transaction costs in connection with an intended initial Business Combination, the Company’s Sponsors, officers and directors or their respective affiliates may, but are not obligated to, loan the Company funds as may be required on a non-interest bearing basis. If the Company completes its initial Business Combination, the Company would repay such loaned amounts. In the event that the initial Business Combination does not close, the Company may use a portion of the working capital held outside the Trust Account to repay such loaned amounts but no proceeds from the Trust Account would be used for such repayment. Up to $2,000,000 of such loans may be convertible into warrants of the post-business combination entity at a price of $1.50 per warrant at the option of the lender. Such warrants would be identical to the Private Placement Warrants.

Underwriting Agreement

The underwriters are entitled to a deferred underwriting discount of 3.5% of the gross proceeds of the Initial Public Offering or an aggregate of $12,075,000, which were placed in the Trust Account.

Consulting Agreements

In December 2020, subsequent to the consummation of the Initial Public Offering, the Company entered into three consulting arrangements for services to help identify and introduce the Company to potential targets and provide assistance with due diligence, deal structuring, documentation and obtaining shareholder approval for an initial Business Combination. We entered into an additional consulting agreement for similar services in March 2021. These agreements provide for an aggregate monthly fee of $74,167 and aggregate success fees of $1,380,000 payable upon the consummation of an initial Business Combination. The accrual amount under these agreements was zero and approximately $38,300 as of June 30, 2021 and December 31, 2020, respectively. For the three and six months ended June 30, 2021, the Company incurred and paid approximately $222,500 and $411,000, under these agreements, respectively.

Subscription Agreements

On March 2, 2021, Capitol entered into subscription agreements (the “Subscription Agreements”) with certain investors (collectively, the “PIPE Investors”), pursuant to, and on the terms and subject to the conditions of which, the PIPE Investors have collectively subscribed for 30,000,000 shares of common stock in the combined company (“New Doma Common Stock”) for an aggregate purchase price equal to $300 million (the “PIPE Investment”). The PIPE Investment will be consummated substantially concurrently with the closing of the transactions contemplated by the Merger Agreement, subject to the terms and conditions contemplated by the Subscription Agreements.

COMMITMENTS AND CONTINGENCIES

Registration Rights

Pursuant to a registration rights agreement entered into on December 1, 2020, the holders of the shares of Class B common stock, Founders’ Warrants and any warrants that may be issued upon conversion of working capital loans (and any shares of Class A common stock issuable upon the exercise of the Founders’ Warrants and warrants that may be issued upon conversion of working capital loans) will be entitled to registration rights. The holders of these securities will be entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders will have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of an initial Business Combination and rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. The registration rights agreement does not contain liquidating damages or other cash settlement provisions resulting from delays in registering the Company’s securities. The Company will bear the expenses incurred in connection with the filing of any such registration statements.

Contingent Fee Arrangement

The Company has entered into a fee arrangement with a service provider pursuant to which certain fees incurred by the Company will be deferred and become payable only if the Company consummates a Business Combination. If a Business Combination does not occur, the Company will not be required to pay these contingent fees. As of December 31, 2020, the amount of these contingent fees was approximately $404,000. There can be no assurances that the Company will complete a Business Combination.

Related Party Loans

Underwriting Agreement

The underwriters are entitled to a deferred underwriting discount of 3.5% of the gross proceeds of the Initial Public Offering or an aggregate of $12,075,000, which were placed in the Trust Account.

Consulting Agreements

Permanent Equity and Temporary Equity

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Stockholders' Equity (Details) [Line Items]

PERMANENT EQUITY AND TEMPORARY EQUITY

Stockholders’ equity

North American Title Acquisition

On the Close Date, the Company issued 10,098,071 shares of common stock and 7,295,759 shares of Series A preferred stock on a 1:1 basis for all outstanding shares of States Title, Inc. On the Close Date, the Company exchanged its convertible notes for 2,335,837 shares of Series A-2 preferred stock and 1,049,637 shares of Series A-1 preferred stock. On the Close Date, the Company issued 7,004,797 shares of Series A-1 preferred stock and warrants to purchase an additional 4,815,798 shares of Series A-1 preferred stock in connection with the North American Title Acquisition (see Note 1 for additional information).

Series B preferred stock and Series C preferred stock capital raise

On June 17, 2019, the Company completed the sale of 2,642,036 shares of its Series B preferred stock for proceeds of $25.0 million, net of financing costs, representing $9.46 per share.

In December 2019, the Company raised $51.5 million, net of financing costs, from the sale of 4,270,182 shares of its Series C preferred stock representing $12.09 per share. Proceeds from the sale of Series C preferred stock were used to pay a portion of principal on the Loan (see Note 10 for additional information), further the Company’s investment in research and development as well as general corporate purposes.

In the first quarter of 2020, the Company raised $70.7 million, net of financing costs, from the sale of 5,849,302 shares of its Series C preferred stock representing $12.09 per share.

Accordingly, on December 22, 2020, the Company amended its articles of incorporation to authorize 54,000,000 shares of common stock with a par value of $0.0001, 7,295,759 shares of Series A preferred stock at a par value of $0.0001, 12,975,006 shares of Series A-1 preferred stock at a par value of $0.0001, 2,335,837 shares of Series A-2 preferred stock at a par value of $0.0001, 2,642,036 shares of Series B preferred stock at a par value of $0.0001 and 10,755,377 shares of Series C preferred stock at a par value of $0.0001.

Preferred stock

Following is a presentation of the key characteristics and shares outstanding for each class of the Company’s preferred stock as of December 31, 2020:


Preferred Stock Class	Issue Date	Price	Dividend Rate	Conversion Price	Liquidation Preference	Shares Outstanding
		$	$	$	$
Series A	Close Date (1)	1.41	0.1129	1.41	1.41	7,295,759
Series A – 1	Close Date (1)	7.16	0.5727	7.16	7.16	8,159,208
Series A – 2	Close Date (2)	5.73	0.4581	5.73	5.73	2,335,837
Series B	6/17/2019	9.46	0.757	9.46	9.46	2,642,036
Series C	12/05-3/15/2020	12.09	0.967	12.09	12.09	10,119,484

_______________

(1)Shares exchanged for Legacy States Title shares in the North American Title Acquisition at a presumed fair value of $1.41 per share (see Note 1 for additional information).

(2)Shares exchanged for convertible notes in the North American Title Acquisition at the price noted (see Note 10 for additional information).

The following terms are applicable to all classes of the Company’s preferred stock.

Holders of the Company’s preferred stock are entitled to receive dividends, when, as and if declared by the board of directors at a defined dividend rate, as presented in the above table by class, per annum, in preference and priority to any declaration or payment of distribution on common stock unless otherwise defined. The right to receive dividends on preferred stock is not cumulative, and no right to dividends may accrue.

In the event of liquidation, dissolution or winding up of the Company, either voluntary or involuntary, holders of all classes of preferred stock shall be entitled to receive preference over common stockholders and others. In the event of liquidation, holders of Series A preferred stock are entitled to a defined liquidation preference, as presented in the above table by class, per share plus all declared but unpaid dividends, if any. If, upon the liquidation, dissolution or winding up of the Company, the assets of the Company legally available for distribution to holders of all classes of preferred shares are insufficient to pay the full liquidation preference and declared but unpaid dividends on all preferred shares, then holders will each receive a pro rata amount of the total assets available in proportion to the full amounts to which they would otherwise be entitled.

Preferred stock may be converted, at the option of the holder thereof, at any time after the date of issuance into that number of fully-paid, non-assessable shares of common stock at the original issue price divided by a conversion price, as presented in the above table by class, subject to periodic adjustment for recapitalizations or other specified events. Automatic conversion into fully-paid, non-assessable shares of common stock at the conversion rate, subject to periodic adjustment for recapitalizations or other specified events, immediately prior to the closing of a firm commitment underwritten initial public offering pursuant to an effective registration statement filed under the Securities Act of 1933, provided the gross proceeds of the conversion are not less than $30 million.

Common stock

Holders of common stock are entitled to one vote for each share held. Common stock is entitled to receive dividends, when, and if declared by the board of directors.

As of December 31, 2020, there were 10,480,902 common shares issued and outstanding.

Conversion of convertible notes

On the Close Date, the Company’s convertible notes were converted to preferred stock in the Company. Series 2017A Notes, with a balance of $13.4 million, including unpaid interest, were converted to 2,335,837 shares of the Company’s Series A-2 preferred stock at a rate of $5.73 per share. Series 2018A Notes, with a balance of $7.5 million including unpaid interest, were converted to 1,049,637 shares of the Company’s Series A-1 preferred stock at a rate of $7.16 per share.

Stockholders' Equity (Details) [Line Items]

PERMANENT EQUITY AND TEMPORARY EQUITY

Preferred Stock

The Company is authorized to issue 1,000,000 shares of preferred stock with a par value of $0.0001 per share with such designation, rights and preferences as may be determined from time to time by the Company’s board of directors. As of June 30, 2021, and December 31, 2020, there were no shares of preferred stock issued or outstanding.

Common Stock

The Company is authorized to issue 400,000,000 shares of Class A common stock and 50,000,000 shares of Class B common stock, both with a par value of $0.0001 per share.

In connection with the organization of the Company, in May 2017, a total of 8,625,000 shares of Class B common stock were sold to the Sponsors at a price of approximately $0.003 per share, or $25,000, after giving retroactive effect to the dividend of approximately 0.17 shares for each share of Class B common stock outstanding in October 2017, the dividend of one share for each share of Class B common stock outstanding effectuated by the Company in May 2019. On November 3, 2020, the Company effected an approximately 0.8571-for-1 reverse stock split with respect to its Class B common stock, resulting in the Sponsors holding an aggregate of 8,625,000 founder shares. All share and per share amounts have been retroactively restated to reflect the stock dividends and the reverse stock split. This number included an aggregate of 1,125,000 shares of Class B common stock that are subject to forfeiture if the over-allotment option is not exercised by the underwriters. As a result of the underwriters’ election to fully exercise their over-allotment option, a total of 1,125,000 founder shares are no longer subject to forfeiture.

The holders of the founder shares have agreed that the founder shares will not be transferred, assigned or sold until one year after the date of the consummation of an initial Business Combination or earlier if, subsequent to an initial Business Combination, (i) the last sales price of the Company’s Class A common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing at least 150 days after the initial Business Combination or (ii) the Company consummates a subsequent liquidation, merger, stock exchange or other similar transaction which results in all of the Company’s stockholders having the right to exchange their common stock for cash, securities or other property.

The Class B common stock will automatically convert into Class A common stock on the first business day following the consummation of the Company’s initial Business Combination on a one-for-one basis, subject to adjustment. In the case that additional shares of Class A common stock, or equity-linked securities convertible or exercisable for shares of Class A common stock, are issued or deemed issued in excess of the amounts offered in the Initial Public Offering and related to the closing of an initial Business Combination, the ratio at which the Class B common stock will convert into Class A common stock will be adjusted so that the number of shares of Class A common stock issuable upon conversion of such Class B common stock will equal, in the aggregate, 20% of the sum of the shares of common stock outstanding upon the completion of the Initial Public Offering plus the number of shares of Class A common stock and equity-linked securities issued or deemed issued in connection with the initial Business Combination (net of redemptions), excluding any shares of Class A common stock or equity-linked securities issued, or to be issued, to any seller in the initial Business Combination and any Private Placement Warrants.

As of June 30, 2021, and December 31, 2020, there were 0 shares and 4,653,015 shares of Class A common stock issued and outstanding, respectively, excluding 34,500,000 shares and 29,846,985 shares of Class A common stock subject to possible redemption, respectively. As of June 30, 2021, and December 31, 2020, there was 8,625,000 shares of Class B common stock issued and outstanding.

The Company determined the common stock subject to redemption to be equal to the redemption value of approximately $10.00 per share of common stock while also taking into consideration a redemption cannot result in net tangible assets being less than $5,000,001. Upon considering the impact of the PIPE Investment and associated PIPE Subscription Agreements, it was concluded that the redemption value should include all the Public Shares resulting in the common stock subject to possible redemption being equal to $345,000,000. This resulted in a measurement adjustment to the initial carrying value of the common stock subject to redemption with the offset recorded to additional paid-in capital and accumulated deficit.

PERMANENT EQUITY AND TEMPORARY EQUITY

Preferred Stock

The Company is authorized to issue 1,000,000 shares of preferred stock with a par value of $0.0001 per share with such designation, rights and preferences as may be determined from time to time by the Company’s board of directors. As of December 31, 2020, there were no shares of preferred stock issued or outstanding.

Common Stock

The Company is authorized to issue 400,000,000 shares of Class A common stock and 50,000,000 shares of Class B common stock, both with a par value of $0.0001 per share.

which results in all of the Company’s stockholders having the right to exchange their common stock for cash, securities or other property.

As of December 31, 2020, there was 4,653,015 shares of Class A common stock issued and outstanding, excluding 29,846,985 shares of Class A common stock subject to possible redemption. As of December 31, 2020 and 2019, there was 8,625,000 shares of Class B common stock issued and outstanding.

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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Income Tax

12 Months Ended

Dec. 31, 2020

INCOME TAX

Income tax

The Company’s income tax expense is as follows:


	Year ended December 31
	2020		2019		2018
Current:
Federal	$	—	$	—	$	—
State	144		110		—
Total Current	$	144	$	110	—

Deferred:
Federal	$	101	$	217	$	—
State	598		60		—
Total Deferred	$	699	$	277	$	—
Total	$	843	$	387	$	—

The Company’s income tax expense differs from the benefits computed by applying the federal income tax rate of 21% to loss before income taxes. A reconciliation of these differences is as follows:


	Year ended December 31
	2020		%		2019		%		2018		%
Benefit calculated at federal income tax rate	$	(7,195)	21.0	%	$	(5,617)	21.0	%	$	(2,594)	21.0	%
Change in valuation allowance	11,707		(34.2)		6,871		(25.7)		2,986		(24.0)
State tax benefit	(2,473)		7.1		(1,261)		4.7		(965)		8.0
Federal benefit on state tax	520		(1.5)		265		(1.0)		203		(2.0)
Change in state tax rate	(1,746)		5.1		108		(0.4)		—		—
Permanent differences, net	(57)		0.2		(56)		0.2		370		(3.0)
Other, net	87		(0.2)		77		(0.3)		—		—
Income tax expense	$	843	(2.5)	%	$	387	(1.5)	%	$	—	—	%

The change in the total valuation allowance during the year was $11.7 million. Although the Company has recorded a valuation allowance against deferred tax assets as discussed below, a portion of deferred tax liabilities related to indefinite lived intangible assets acquired during the year cannot be used as a source of income to offset deferred tax assets. Consequently, this amount is recorded as a deferred tax expense and reflected in the effective tax rate above. The current state tax expense is a result of separate state tax filings for subsidiaries that have taxable income.

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was signed into law in the U.S. to provide certain relief as a result of the COVID-19 pandemic. As of December 31, 2020, the Company has determined that the CARES Act had an immaterial impact on the Company’s effective tax rate.

The significant components of deferred tax assets and liabilities consist of the following:


	December 31
	2020		2019
Deferred tax assets:
Net operating loss	$	12,765	$	5,356
Accrued compensation	5,334		2,505
Interest expense	2,621		1,979
Statutory premium reserve	2,119		1,745
Start-up costs	1,142		937
Deferred lease obligation	385		343
Stock-based compensation expense	852		33
Investments	407		394
Intangibles assets	653		115
Allowance for doubtful accounts	138		112
Debt issuance costs	58		61
Loss reserves	209		31
Other, net	13		—
Less valuation allowance	(23,330)		(11,623)
Total deferred tax assets	$	3,366	$	1,988

Deferred tax liabilities:
Intangibles assets	$	(2,347)	$	(992)
Other reserves	(927)		(715)
Title plants	(680)		(393)
Unrealized gain on investments	(249)		(98)
Fixed assets	(140)		(67)
Total deferred tax liabilities	$	(4,343)	$	(2,265)
Net deferred tax liability	$	(977)	$	(277)

As of December 31, 2020, the Company carried a valuation allowance against deferred tax assets as management believes it is more likely than not that the benefit of the net deferred tax assets covered by that valuation allowance will not be realized. The net deferred tax liability of $1.0 million is included in accrued expenses and other liabilities within the accompanying consolidated balance sheets.

In accounting for uncertainty in income taxes, the Company is required to recognize in its financial statements the impact of a tax position if that position is more likely than not of being sustained on an audit, based on the technical merits of the position. In this regard, an uncertain tax position represents the Company’s expected treatment of a tax position taken in a filed tax return, or planned to be taken in a future tax return, that has not been reflected in measuring income tax expense for financial reporting purposes. There were no unrecognized tax benefits or liabilities as of December 31, 2020 and December 31, 2019.

The amount of unrecognized tax benefit or liability may increase or decrease in the future for various reasons, including adding amounts for current tax year positions, expiration of open income tax returns due to the expiration of the applicable statute of limitations, changes in management’s judgment about the level of uncertainty, status of examinations, litigation and legislative activity and the additions or eliminations of uncertain tax positions.

As of December 31, 2020, the Company has federal and state net operating loss carryforwards of $40.8 million and $69.4 million, respectively. As a result of the Tax Cuts and Jobs Act of 2017, any federal net operating loss arising after the year ended December 31, 2017 can be carried forward indefinitely with no expiration but is limited to 80% of taxable income. The Company has approximately $0.2 million of pre-2018 federal net operating losses subject to expiration beginning in 2036. The remainder of the federal net operating losses have no expiration. The Company’s state net operating losses are subject to various expirations, beginning in 2030.The Company’s 2017 through 2019 tax years remain open to federal and state tax examinations.

INCOME TAX

The Company’s net deferred tax assets is as follows:


	December 31, 2020		December 31, 2019
Deferred tax assets	(As Restated)
Net operating loss carryforward	$	43,286	$	791
Unrealized gain on marketable securities	(3,397)		—
Total deferred tax assets	39,889		791
Valuation Allowance	(39,889)		(791)
Deferred tax assets, net of allowance	$	—	$	—

The income tax provision consists of the following:


	December 31, 2020		December 31, 2019
Federal
Current	$	—	$	—
Deferred	(30,431)		(791)
State and Local
Current	—		—
Deferred	(8,667)		—
Change in valuation allowance	39,098		791
Income tax provision	$	—	$	—

As of December 31, 2020, the Company had $160,318 of U.S. federal and state net operating loss carryovers available to offset future taxable income. The federal NOL has an indefinite life while the state net operating loss carryovers will expire by 2040.

In assessing the realization of the deferred tax assets, management considers whether it is more likely than not that some portion of all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences

representing net future deductible amounts become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. After consideration of all of the information available, management believes that significant uncertainty exists with respect to future realization of the deferred tax assets and has therefore established a full valuation allowance. For the year ended December 31, 2020 and 2019, the change in the valuation allowance was 39,098 and $791, respectively.

A reconciliation of the federal income tax rate to the Company’s effective tax rate is as follows:


	December 31, 2020		December 31, 2019
	(As Restated)
Statutory federal income tax rate	21.0	%	21.0	%
State taxes, net of federal tax benefit	6.0	%	0.0	%
Change in valuation of warrant liability	(23.8)	%	0.0	%
Transaction costs allocable to warrant liability	(2.7)	%	0.0	%
Valuation allowance	(0.5)	%	(21.0)	%
Income tax provision	0.0	%	0.0	%

The Company files income tax returns in the U.S. federal jurisdiction and is subject to examination by the various taxing authorities. The Company’s tax returns for the year ended December 31, 2020 remain open and subject to examination. The Company considers New York and Virginia to be a significant state tax jurisdiction.

The CARES Act was signed into law on March 27,2020 as a response to the economic challenges facing U.S. businesses caused by the COVID-19 global pandemic. The CARES Act allowed net operating loss incurred in 2018-2020 to be carried back five years or carried forward indefinitely, and to be fully utilized without being subjected to the 80% taxable income limitation. Net operating losses incurred after December 31, 2020 will be subjected to the 80% taxable income limitation. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion, or all, of the deferred tax asset will be realized. The ultimate realization of deferred tax assets is dependent upon the Company attaining future taxable income during periods in which those temporary differences become deductible.

Due to the uncertainty surrounding the realization of the benefits of its deferred assets, including NOL carryforwards, the Company has provided a 100% valuation allowance on its deferred tax assets at December 31, 2020.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Fair Value Measurements

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Fair Value Measurements (Details) - Schedule of fair value on recurring basis [Line Items]

FAIR VALUE MEASUREMENTS

The following tables present information about the Company’s assets that are measured at fair value on a recurring basis at June 30, 2021 and at December 31, 2020, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:


Description	Level	June 30, 2021
Assets:
Marketable securities held in Trust Account (1)	1	$	345,013,964
Liabilities:
Private Placement Warrants (2)	2	7,700,000
Public Warrants (2)	1	15,180,000


Description	Level	December 31, 2020
Assets:
Marketable securities held in Trust Account (1)	1	$	345,012,580
Liabilities:
Private Placement Warrants (2)	3	10,325,000
Public Warrants (2)	3	20,355,000

_______________

(1)The fair value of the marketable securities held in Trust account approximates the carrying amount primarily due to their short-term nature.

(2)Measured at fair value on a recurring basis.

Warrants

The Warrants are accounted for as liabilities in accordance with ASC 815-40 and are presented within warrant liabilities on the condensed balance sheet. The warrant liabilities are measured at fair value at inception and on a recurring basis, with changes in fair value presented within change in fair value of warrant liabilities in the condensed statement of operations.

Subsequent Measurement

The Warrants are measured at fair value on a recurring basis and were initially measured at fair value as Level 3 financial liabilities using a Monte Carlo simulation model through December 31, 2020. The subsequent measurement of the Public Warrants as of June 30, 2021 is classified as Level 1 due to the use of an observable market quote in an active market under the ticker CAP.WS. As the transfer of Private Placement Warrants to anyone outside of a small group of individuals who are permitted transferees would result in the Private Placement Warrants having substantially the same terms as the Public Warrants, the Company determined that the fair value of each Private Placement Warrant is equivalent to that of each Public Warrant, with an insignificant adjustment for short-term marketability restrictions. As such, the Private Placement Warrants are classified as Level 2.

As of June 30, 2021, and December 31, 2020, the aggregate fair values of the Private Placement Warrants were $7.7 million and $10.3 million, respectively, and Public Warrants were $15.2 million and $20.4 million, respectively.

The following table presents the changes in the fair value of warrant liabilities:


	Private Placement		Public		Warrant Liabilities
Fair value as of December 31, 2020	$	10,325,000	$	20,355,000	$	30,680,000
Change in valuation inputs or other assumptions(1)(2)	(2,625,000)		(5,175,000)		(7,800,000)
Fair value as of June 30, 2021	$	7,700,000	$	15,180,000	$	22,880,000

_______________

(1)Changes in valuation inputs or other assumptions are recognized in change in fair value of warrant liabilities in the condensed statement of operations.

(2)Transfers to/from Levels 1, 2 and 3 are recognized at the end of the reporting period. The estimated fair value of the Public Warrants transferred from a Level 3 measurement to a Level 1 measurement and the estimated fair value of the Private Placement Warrants transferred from a Level 3 measurement to a Level 2 measurement during the six months ended June 30, 2021 when the Public Warrants were separately listed and traded.

FAIR VALUE MEASUREMENTS

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at December 31, 2020, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:


Description	Level	December 31, 2020
Assets:
Marketable securities held in Trust Account(1)	1	$	345,012,580
Liabilities:
Private Placement Warrants(2)	3	$	10,325,000
Public Warrants(2)	3	$	20,355,000

____________

(1) The fair value of the marketable securities held in Trust account approximates the carrying amount primarily due to their short-term nature.

(2) Measured at fair value on a recurring basis.

Warrants

The Warrants are accounted for as liabilities in accordance with ASC 815-40 and are presented within warrant liabilities on the Balance Sheet. The warrant liabilities are measured at fair value at inception and on a recurring basis, with changes in fair value presented within change in fair value of warrant liabilities in the Statement of Operations.

Initial Measurement

The Company established the initial fair value for the Warrants on December 4, 2020, the date of the Company’s Initial Public Offering, using a Monte Carlo simulation model for the Public Warrants and the Private Placement Warrants. The Company allocated the proceeds received from (i) the sale of Units (which is inclusive of one share of Class A common stock and one-third of one Public Warrant), (ii) the sale of Private Placement Warrants, and (iii) the issuance of Class B common stock, first to the Warrants based on their fair values as determined at initial measurement, with the remaining proceeds allocated to Class A common stock subject to possible redemption, Class A common stock and Class B common stock based on their relative fair values at the initial measurement date. The Warrants were classified as Level 3 at the initial measurement date due to the use of unobservable inputs.

The key inputs into the Monte Carlo simulation model for the Private Placement Warrants and Public Warrants were as follows at initial measurement:


Input	December 4, 2020 (Initial Measurement)
Risk-free interest rate	0.53		%
Expected term (Years)	5.0
Expected volatility	23.0		%
Exercise price	$	11.50
Fair value of Units	$	9.56

The Company’s use of a Monte Carlo simulation model required the use of subjective assumptions:

•The risk-free interest rate assumption was based on the five-year U.S. Treasury rate, which was commensurate with the contractual term of the Warrants, which expire on the earlier of (i) five years after the completion of the initial business combination and (ii) upon redemption or liquidation. An increase in the risk-free interest rate, in isolation, would result in an increase in the fair value measurement of the warrant liabilities and vice versa.

•The expected term was determined to be five years, in-line with a typical equity investor assumed holding period.

•The expected volatility assumption was based on the implied volatility from a set of comparable publicly-traded warrants as determined based on the size and proximity of business combinations by similar special purpose acquisition companies. An increase in the expected volatility, in isolation, would result in an increase in the fair value measurement of the warrant liabilities and vice versa.

•The fair value of the Units, which each consist of one Class A common stock and one-third of one Public Warrant, represents the closing price on the measurement date as observed from the ticker CAP.U.

Based on the applied volatility assumption and the expected term to a business combination noted above, the Company determined that the risk-neutral probability of exceeding the $18.00 redemption value by the start of the exercise period for the Warrants resulted in a nominal difference in value between the Public Warrants and Private Placement Warrants across the valuation dates utilized in the Monte Carlo simulation model. Therefore, the resulting valuations for the two classes of Warrants were determined to be equal. On December 4, 2020, the Private

Placement Warrants and Public Warrants were determined to be $1.33 per warrant for aggregate values of $7.8 million and $15.3 million, respectively.

Subsequent Measurement

The Warrants are measured at fair value on a recurring basis. At the subsequent measurement date of December 31, 2020, the Public Warrants and Private Placement Warrants were fair valued using the Monte Carlo Simulation Method. The fair value classification for both the Public Warrants and Private Placement Warrants remain unchanged as Level 3 from their initial valuation.

The key inputs into the Monte Carlo simulation model for the Private Placement Warrants and Public Warrants were as follows at subsequent measurement:


Input	December 31, 2020 (Subsequent Measurement)
Risk-free interest rate	0.45		%
Expected term (Years)	5.0
Expected volatility	28.0		%
Exercise price	$	11.50
Fair value of Units	$	9.71

As of December 31, 2020, the aggregate values of the Private Placement Warrants and Public Warrants were $10.3 million and $20.4 million, respectively.

The following table presents the changes in the fair value of warrant liabilities:


	Private Placement		Public		Warrant Liabilities
Fair value as of December 31, 2019	$	—	$	—	$	—
Initial measurement on December 4, 2020	7,758,333		15,295,000		23,053,333
Change in valuation inputs or other assumptions(1)	2,566,667		5,060,000		7,626,667
Fair value as of December 31, 2020	$	10,325,000	$	20,355,000	$	30,680,000

_______________

(1)Changes in valuation inputs or other assumptions are recognized in change in fair value of warrant liabilities in the Statement of Operations.

Summary of significant accounting policies

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Subsequent Events	6 Months Ended	12 Months Ended
Subsequent Events	Jun. 30, 2021	Dec. 31, 2020
Subsequent Event [Line Items]
SUBSEQUENT EVENTS	Subsequent eventsThe Company has evaluated subsequent events through August 12, 2021, the date the condensed consolidated financial statements were available to be issued, noting no subsequent events or transactions aside from the aforementioned transaction with Capitol discussed in Note 15 that require disclosure.	Subsequent events On January 1, 2021, the Company reinstated matching contributions to the Retirement Savings Plan, according to the aforementioned terms, rates, and limitations. On January 29, 2021, the Company’s Senior Debt was fully funded for $150 million and the Company paid off the Loan from Lennar in the amount of $65.5 million using funds from the Senior Debt facility. Effective February 24, 2021, the Company will cede 25% of the written premium on our instantly underwritten policies, instead of 100% in connection with the Quota Share Treaty. On March 2, 2021, the Company entered into a merger agreement with Capitol Investment Corp. V (“Capitol”), a blank check company incorporated in the State of Delaware and formed for the purpose of effecting a merger. Pursuant to the agreement, a newly formed subsidiary of Capitol will be merged with and into Doma (“the Business Combination”). Upon the consummation of the Business Combination, Doma will survive and become a wholly-owned subsidiary of Capitol, which will be renamed Doma Holdings, Inc. The Company has evaluated subsequent events through March 18, 2021, the date the consolidated financial statements were available to be issued, noting no subsequent events or transactions aside from the aforementioned that require disclosure.
Capitol Investment Corp. V
Subsequent Event [Line Items]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On July 15, 2021, the Company issued an aggregate of $370,000 of convertible promissory notes pursuant to the existing commitment letters made by Capitol Acquisition Management V LLC, an affiliate of Mark D. Ein, Capitol Acquisition Founder V LLC, an affiliate of L. Dyson Dryden, and Lawrence Calcano, Richard C. Donaldson, Raul J. Fernandez and Thomas S. Smith, Jr., each a member of the board of directors of the Company, to evidence loans in such amount made by the lenders. In July 2021, the Sponsors committed to provide the Company an additional $627,000 in loans. The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Based upon this review, other than as described in these financial statements, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements.	SUBSEQUENT EVENTSThe Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Based upon this review, other than as described in these financial statements, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements.

Organization and business operations	6 Months Ended	12 Months Ended
Organization and business operations	Jun. 30, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and business operations	Organization and business operations Doma Holdings, Inc. (the “Company,” “Doma,” “we,” “us” or “our”) was referred to as States Title, Inc. prior to the North American Title Acquisition and as States Title Holding, Inc. (which changed its name to Doma Holdings, Inc. on March 1, 2021) after the North American Title Acquisition. Headquartered in San Francisco, CA, Doma is a real estate technology company that is architecting the future of real estate transactions. Using machine intelligence and our proprietary technology solutions, we are creating a vastly more simple, efficient, and affordable real estate closing experience for current and prospective homeowners, lenders, title agents and real estate professionals. We are licensed to underwrite title insurance in 39 states and the District of Columbia. The Company was initially formed as a wholly-owned subsidiary of States Title Inc. (“Legacy States Title”) to combine the operations of Legacy States Title and the retail agency and title insurance underwriting business (the “Acquired Business”) of North American Title Group, LLC (“NATG”), a subsidiary of Lennar Corporation (“Lennar”). We completed the acquisition of the Acquired Business on January 7, 2019 (the "Close Date"), which we refer hereinafter as the “North American Title Acquisition.” Doma survived the North American Title Acquisition as the parent company and now wholly owns the businesses operated by Legacy States Title and the Acquired Business. We conduct our operations through two reportable segments, (1) Distribution and (2) Underwriting. See further discussion in Note 6 for additional information regarding segment information.	Organization and business operations Doma Holdings, Inc. (the “Company,” “Doma,” “we,” “us” or “our”) was referred to as States Title, Inc. prior to the North American Title Acquisition and as States Title Holding, Inc. (which changed its name to Doma Holdings, Inc. on March 1, 2021) after the North American Title Acquisition. Headquartered in San Francisco, CA, Doma is a real estate technology company that is architecting the future of real estate transactions. Using machine intelligence and our proprietary technology solutions, we are creating a vastly more simple, efficient, and affordable real estate closing experience for current and prospective homeowners, lenders, title agents and real estate professionals. We are licensed to underwrite title insurance in 39 states and the District of Columbia. The Company was initially formed as a wholly-owned subsidiary of States Title Inc. (“Legacy States Title”) to combine the operations of Legacy States Title and the retail agency and title insurance underwriting business (the “Acquired Business”) of North American Title Group, LLC (“NATG”), a subsidiary of Lennar Corporation (“Lennar”). We completed the acquisition of the Acquired Business on January 7, 2019 (the "Close Date"), which we refer hereinafter as the “North American Title Acquisition.” Doma survived the North American Title Acquisition as the parent company and now wholly owns the businesses operated by Legacy States Title and the Acquired Business. See Note 3 for additional information regarding the North American Title Acquisition. We conduct our operations through two reportable segments, (1) Distribution and (2) Underwriting. See further discussion in Note 7 for additional information regarding segment information.

Summary of significant accounting policies

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Accounting Policies [Abstract]

Basis of presentation

The accompanying condensed consolidated balance sheet as of June 30, 2021 and the condensed consolidated statements of operations, condensed consolidated statements of comprehensive loss, and condensed consolidated statements of changes in stockholders’ equity for the three and six months ended June 30, 2021 and 2020 and the condensed consolidated statements of cash flows for the six months ended June 30, 2021 and 2020 are unaudited.

These financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information. Accordingly, they do not include all of the financial information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of the Company’s management, the unaudited condensed consolidated financial statements include all adjustments necessary for the fair presentation of the Company’s balance sheet as of June 30, 2021 and its results of operations, including its comprehensive income, and stockholders’ equity for the three and six months ended June 30, 2021 and 2020 and cash flows for the three months ended June 30, 2021 and 2020. All adjustments are of a normal recurring nature. The results for the three and six months ended June 30, 2021 are not necessarily indicative of the results to be expected for any subsequent quarter or for the fiscal year ending December 31, 2021. These unaudited interim consolidated financial statements should be read in conjunction with the annual consolidated financial statements and related notes.

Use of estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from the estimates made by management. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognized prospectively.

Significant items subject to such estimates and assumptions include, but are not limited to, reserves for incurred but not reported claims, the useful lives of property and equipment, accrued net premiums written from Third-Party Agent referrals and the valuations of stock-based compensation arrangements.

Title plants

Title plants are carried at cost, with costs incurred to maintain, update and operate title plants expensed as incurred. Because properly maintained title plants have indefinite lives and do not diminish in value with the passage of time, no provision has been made for depreciation or amortization. The Company analyzes the title plants for impairment when events or circumstances indicate that the carrying amount may not be recoverable. This analysis includes, but is not limited to, the effects of obsolescence, duplication, demand and other economic factors. There were no impairments of title plants for the three or six months ended June 30, 2021 and 2020. In February 2020, we sold a title plant for a total sale price of $3.2 million, including a realized gain of $0.2 million.

Reinsurance

The Company utilizes excess of loss and quota share reinsurance programs to limit its maximum loss exposure by reinsuring certain risks with other insurers. The Company has two reinsurance treaties: Excess of Loss Treaty and Quota Share Treaty.

Under the Excess of Loss Treaty, we cede liability over $15 million on all files. Excess of loss reinsurance coverage protects the Company from a large loss from a single loss occurrence. The Excess of Loss Treaty provides for ceding liability above the retention of $15 million for all policies up to a liability cap of $500 million.

Under the Quota Share Treaty, during the period from January 1, 2021 to February 23, 2021 the Company ceded 100% of its instant underwriting policies. Effective February 24, 2021, the Company cedes 25% of the written premium on our instantly underwritten policies, instead of 100%. During the three months ended June 30, 2020, the Company ceded 100% of its instant underwriting policies.

Payments and recoveries on reinsured losses for the Company’s title insurance business were immaterial during the three and six month periods ended June 30, 2021 and 2020.

Income taxes

Our effective tax rate for the six months ended June 30, 2021 and 2020 was (1)% as a result of our recording a full valuation allowance against the deferred tax assets. In determining the realizability of the net U.S. federal and state deferred tax assets, we consider numerous factors including historical profitability, estimated future taxable income, prudent and feasible tax planning strategies, and the industry in which we operate. As of December 31, 2020, the Company carried a valuation allowance against deferred tax assets as management believes it is more likely than not that the benefit of the net deferred tax assets covered by that valuation allowance will not be realized. A net deferred tax liability has been recorded as of June 30, 2021 and December 31, 2020 of $1.0 million and $1.0 million, respectively, and is included in accrued expenses and other liabilities within the accompanying condensed consolidated balance sheets. Management reassesses the realization of the deferred tax assets each reporting period. The Company has approximately $0.2 million of pre-2018 federal net operating losses subject to expiration beginning in 2036. The remainder of the federal net operating losses have no expiration. The Company’s state net operating losses are subject to various expirations, beginning in 2030. The Company’s 2017 through 2019 tax years remain open to federal and state tax examinations. The Company believes that as of June 30, 2021 it had no material uncertain tax positions. Interest and penalties related to unrecognized tax expenses (benefits) are recognized in income tax expense, when applicable. There were no material liabilities for interest and penalties accrued as of June 30, 2021.

Concentration of credit risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in financial institutions. The Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.

Coronavirus outbreak

The COVID-19 global pandemic has caused national and global economic and financial market disruptions. On the onset of the pandemic, the Company braced and anticipated uncertain disruption to our business. Our results from operations for the three and six months ended June 30, 2021, show that the Company’s performance from operations was not adversely impacted in a material manner. The Company continues to monitor and react to business disruptions caused by the pandemic but we cannot predict with certainty the duration of the pandemic or its impact on the Company’s financial condition and results of operations, as well as business operations and workforce.

Emerging Growth Company and Smaller Reporting Company

Subsequent to the Business Combination described in Note 15, the Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved.

Additionally, subsequent to the Business Combination described in Note 15, the Company is a “smaller reporting company” as defined in Item 10(f)(1) of Regulation S-K. Smaller reporting companies may take advantage of certain reduced disclosure obligations, including, among other things, providing only two years of audited financial statements.

Recently issued and adopted accounting pronouncements

No new accounting policies were recently issued and adopted in the three or six months ended June 30, 2021.

Recently issued but not adopted accounting pronouncements

In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments (Topic 326). The amendments in this and the related ASUs introduce broad changes to accounting for credit impairment of financial instruments. The primary updates include the introduction of a new current expected credit loss ("CECL") model that is based on expected rather than incurred losses and amendments to the accounting for impairment of held-to-maturity securities and available-for-sale securities. The amendments in this update are effective for public entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. For all other entities, the amendment is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. We are finalizing the effect this new guidance will have on our consolidated financial statements and related disclosures. Based on our implementation analysis performed, we have concluded that the overall effect of Topic 326 is not expected to be material to the consolidated financial statements upon adoption. We have not early adopted this standard.

In February 2016, the FASB issued ASU 2016-02, Leases ("ASU 2016-02"), which provides guidance for accounting for leases. ASU 2016-02 requires lessees to classify leases as either finance or operating leases and to record a right-of-use asset and a lease liability for all leases with a term greater than 12 months regardless of the lease classification. The lease classification will determine whether the lease expense is recognized based on an effective interest rate method or on a straight-line basis over the term of the lease. The amendments in this update are effective for public entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. In June 2020, the FASB issued ASU 2020-05, Revenue From Contracts With Customers (Topic 606) and Leases (Topic 842): Effective Dates for Certain Entities, which extended the adoption date of ASU 2016-02 for all other entities. Under ASU 2020-05, the effective date for adoption of ASU 2016-02 is fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022. Accounting for lessors remains largely unchanged from current U.S. GAAP. ASU 2016-02 will be effective for the Company’s fiscal year beginning January 1, 2022 and subsequent interim periods. The Company is currently evaluating the impact the adoption of ASU 2016-02 will have on the Company's financial statements, however management currently believes that the adoption will not have a significant impact on the Company's financial position and results of operations.

Summary of significant accounting policies

Basis of presentation

The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and in accordance with the rules and regulations of the United States Securities and Exchange Commission (“SEC”). References to the Accounting Standard Codification (“ASC”) and Accounting Standard Updates (“ASU”) included hereinafter refer to the Accounting Standards Codification and Updates issued by the Financial Accounting Standards Board (“FASB”) as the source of authoritative U.S. GAAP. The accompanying consolidated financial statements include the accounts of the Company and the accounts of the Company’s wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.

Use of estimates

Cash and cash equivalents and restricted cash

Cash and cash equivalents include cash on hand and on deposit at banking institutions as well as all highly liquid short-term investments with original maturities of 90 days or less. The carrying amounts reported in the consolidated balance sheets for these instruments approximate their fair value.

As of December 31, 2020 and 2019, the Company had restricted cash of $0.1 million and $8.3 million, respectively, including deposits in several states pledged in accordance with the applicable state insurance regulations, and certain collateral requirements in connection with leases for office space.

Investments

Fixed maturity securities

The Company evaluates its investments in debt securities with unrealized losses on a quarterly basis for potential other-than-temporary impairments in value. If the Company intends to sell a security in an unrealized loss position or determines that it is more likely than not that the Company will be required to sell a security before it recovers its amortized cost basis, the security is other-than-temporarily impaired and it is written down to fair value with all losses recognized in net income. As of December 31, 2020, the Company did not intend to sell any debt securities in an unrealized loss position, and it is not more likely than not that the Company will be required to sell any debt securities before recovery of their amortized cost basis.

If the Company does not expect to recover the amortized cost basis of a debt security with declines in fair value (even if the Company does not intend to sell the debt security and it is not more likely than not that the Company will be required to sell the debt security), the loss is considered an other-than-temporary impairment loss and the credit portion of the loss (“credit loss”) is recognized in net income and the non-credit portion is recognized in other comprehensive income, net of tax. The credit loss is the difference between the present value of the cash flows expected to be collected and the amortized cost basis of the debt security. The cash flows expected to be collected are discounted at the rate implicit in the security immediately prior to the recognition of the other-than-temporary impairment.

Expected future cash flows for debt securities are based on qualitative and quantitative factors specific to each security, including the probability of default and the estimated timing and amount of recovery. The detailed inputs used to project expected future cash flows may be different depending on the nature of the individual debt security.

As a result of its security-level review, the Company did not recognize any other-than-temporary impairment losses considered to be credit related for the years ended December 31, 2020, 2019 and 2018.

Investment securities classified as held-to-maturity are carried at amortized cost because they are purchased with the intent and ability to be held to maturity. The Company also holds restricted investments which are treated as held-to-maturity debt securities. Restricted investments consist of United States Treasuries with maturities of 24 months or less. These restricted investments are kept on deposit in several states and are pledged to the appropriate insurance regulators, in accordance with regulations in each state, for the duration of the time the Company does business in those states.

Debt securities are classified as available-for-sale unless they are classified as held-to-maturity. Available-for-sale debt securities are recorded at fair value. Any unrealized holding gains or losses on available-for-sale debt securities are reported as accumulated other comprehensive gain or loss, which is a separate component of stockholders’ equity, net of tax, until realized.

Mortgage loans

Investments in mortgage loans are long-term investments and carried at amortized cost. They are purchased with the intent and ability to be held to maturity.

Equity securities

Equity securities are recorded at fair value based upon a quoted market price reported on recognized securities exchanges on the last business day of the year. Any change in unrealized holding gains or losses on equity securities are reported as a component of net income.

Fair value measurements

ASC 820, “Fair Value Measurements and Disclosures” (“ASC 820”) establishes a fair value hierarchy that prioritizes and ranks the level of observability of inputs used to measure investments at fair value. The observability of inputs is impacted by a number of factors, including the type of investment, characteristics specific to the investment, market conditions and other factors. The hierarchy gives the highest priority to unadjusted quoted prices

in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Investments with readily available quoted prices or for which fair value can be measured from quoted prices in active markets will typically have a higher degree of input observability and a lesser degree of judgment applied in determining fair value.

The three levels of the fair value hierarchy under ASC 820 are as follows:


Level 1						Quoted prices (unadjusted) in active markets for identical investments at the measurement date are used.

Level 2						Pricing inputs are other than quoted prices included within Level 1 that are observable for the investment, either directly or indirectly. Level 2 pricing inputs include quoted prices for similar investments in active markets, quoted prices for identical or similar investments in markets that are not active, inputs other than quoted prices that are observable for the investment, and inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3						Pricing inputs are unobservable and include situations where there is little, if any, market activity for the investment. The inputs used in determination of fair value require significant judgment and estimation.

In some cases, the inputs used to measure fair value might fall within different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the investment is categorized in its entirety is determined based on the lowest level input that is significant to the investment. Assessing the significance of a particular input to the valuation of an investment in its entirety requires judgment and considers factors specific to the investment. The categorization of an investment within the hierarchy is based upon the pricing transparency of the investment and does not necessarily correspond to the perceived risk of that investment.

Cash and cash equivalents, restricted cash, receivables, prepaid expenses and other assets, accounts payable, and accrued expenses and other liabilities approximate fair value and are therefore excluded from the leveling table seen in Note 4. The cost basis is determined to approximate fair value due to the short-term duration of the financial instruments. The Company’s loan from a related party (see Note 10 for additional information), had a variable interest rate consisting of U.S. one-month LIBOR plus a spread based on our credit profile. The Company’s credit profile has not changed since the issuance of its loan from a related party. As a result, as of December 31, 2020 the Company considered the carrying value of the loan from a related party to approximate fair value.

Receivables, net

Receivables are generally due within thirty to ninety days and are recorded net of an allowance for doubtful accounts. Our receivables represent premiums, escrow and related fees due to us as a result of the closing of real estate transactions. The Company determines the allowance for doubtful accounts by considering a number of factors, including the length of time receivables are past due, previous loss history and a specific customer’s ability to pay its obligations to the Company. Amounts deemed uncollectible are expensed in the period in which such determination is made. As of December 31, 2020 and 2019, the allowance for doubtful accounts was $0.5 million and $0.2 million, respectively.

Fixed assets, net

Fixed assets, net, consists of internally developed software, furniture, computers, software and equipment, and is recorded at cost less accumulated depreciation. Depreciation expense is computed using the straight-line method over the estimated useful life of each asset. Repair and maintenance costs are expensed as incurred. Fixed assets are reviewed for impairment whenever events or circumstances indicate that the carrying amounts may not be recoverable.

The following table summarizes the range of useful lives assigned to fixed assets, by asset class:


Useful lives:
Leasehold improvements			Shorter of the lease term or useful life of the asset
Furniture and equipment			Five years
Computer equipment			Three years
Software			Three to eight years
Internally developed software			five years

Internally developed or acquired software

Technology and software are acquired or developed for internal use and for use with the Company’s products. Internally developed software and acquired software are amortized over an estimated useful life ranging from three to eight years using the straight-line method. Technology development costs, which include certain payroll-related costs of employees directly associated with developing technology and software in addition to incremental payments to third parties, are capitalized from the time technological feasibility is established until the software is ready for use. Capitalized internally developed software and acquired software development costs for the years ended December 31, 2020 and 2019 are included in fixed assets, net on the consolidated balance sheets.

Title plants

The Company acquired its title plants in the North American Title Acquisition and evaluated them at the Close Date. Title plants are carried at cost, with costs incurred to maintain, update and operate title plants expensed as incurred. At the Close Date, cost approximated fair value. Because properly maintained title plants have indefinite lives and do not diminish in value with the passage of time, no provision has been made for depreciation or amortization. The Company analyzes the title plants for impairment when events or circumstances indicate that the carrying amount may not be recoverable. This analysis includes, but is not limited to, the effects of obsolescence, duplication, demand and other economic factors. There were no impairments of title plants for the years ended December 31, 2020 and 2019. In February 2020, we sold a title plant for a total sale price of $3.2 million, including a realized gain of $0.2 million.

Goodwill

Goodwill represents the excess of the acquisition price over the fair value of assets acquired and liabilities assumed in a business combination. Goodwill is assigned to one or more reporting units on the date of acquisition. We review our goodwill for impairment annually on October 1 of each fiscal year and between annual tests if events or circumstances arise that would more likely than not reduce the fair value of any one of our reporting units below its respective carrying amount. In performing our annual goodwill impairment test, we first perform a qualitative assessment, which requires that we consider macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, changes in management or key personnel, changes in strategy, changes in customers, changes in the composition or carrying amount of a reporting unit or other factors that have the potential to impact fair value. If, after assessing the totality of events and circumstances, we determine that it is more likely than not that the fair values of our reporting units are greater than the carrying amounts, then the quantitative goodwill impairment test is not performed.

We completed our annual goodwill impairment test on October 1, 2020. We determined, after performing a qualitative review of each reporting unit, that more likely than not the fair value of each of our reporting units exceeds the respective carrying amounts. Accordingly, there was no indication of impairment and the quantitative goodwill impairment test was not performed. We did not identify any events or changes in circumstances since the performance of our annual goodwill impairment test that would require us to perform another goodwill impairment test during the fiscal year.

Trade Names

The intangible asset values of the Company’s trade names were determined in the North American Title Acquisition, and were assigned a useful life of seven years. The Company’s finite-lived intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable, and intangibles are also evaluated periodically to determine their remaining useful life. In 2020, the Company determined that there would be a change in the Company's use of the acquired trade names in the second quarter of 2021. The Company determined that the change in use was not related to the value of the trade names, but to changes in business strategy, and did not result in an impairment. However, the Company changed its estimates of the useful lives of the acquired trade names to better reflect the estimated periods during which these trade names will remain in service. The estimated useful life of the trade names was revised such that the trade names will be fully amortized by June 30, 2021. The result of this change in estimate is an increase to 2020 amortization expense of $1.5 million. The amortization expense recorded for the Company's trade names was $2.3 million and $0.8 million in 2020 and 2019, respectively. The remaining amortization expense expected to be recognized in 2021 relating to the Company’s trade names is $2.7 million.

Trade names consists of the following:


	December 31
	2020		2019
Trade names	$	5,871	$	5,871
Accumulated amortization	(3,187)		(839)
Total trade names, net	$	2,684	$	5,032

Revenue recognition

Net premiums written

Insurance premiums on title insurance policies issued directly by the Company through instant and traditional underwriting through our captive title agents and agencies (“Direct Agents”) are recognized on the closing of the underlying transaction, in accordance with ASC Topic 944, Financial Services - Insurance (ASC 944), as most of the services associated with the insurance contract have been rendered at that point in time. Insurance premiums on title insurance policies issued by independent agents (“Third-Party Agents” or “Independent Agents”) are recognized gross of premiums retained by third-party agents when notice of issuance is received from the Third-Party Agent, which is generally when cash payment is received.

In addition, we estimate and accrue for revenues on policies sold but not reported by Third-Party Agents as of the relevant balance sheet closing date. This accrual is based on historical transactional volume data for title insurance policies that have closed and were not reported before the relevant balance sheet closing, as well as trends in our operations and in the title and housing industries. There could be variability in the amount of this accrual from period to period and amounts subsequently reported to us by Third-Party Agents may differ from the estimated accrual recorded in the preceding period. If the amount of revenue subsequently reported to us by Third Party Agents is higher or lower than our estimate, we record the difference in revenue in the period in which it is reported. For the years ended December 31, 2020 and 2019, the time lag between the closing of transactions by Third-Party Agents and the reporting of policies, or premiums from policies issued by Third-Party Agents to us has been approximately 3 months.

Escrow, other title-related fees and other

ASU 2014-09, Revenue from Contracts with Customers (ASC 606) requires that an entity recognize revenue when it transfers 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. Escrow fees and other title-related fees are primarily associated with managing the closing of real estate transactions, including the processing of funds on behalf of the transaction participants, gathering and recording the required closing documents, providing notary and other real estate or title-related activities. The transfer of services for the escrow and other title-related fees are

satisfied at the closing of the real estate transaction. Therefore, revenues related to escrow and other title-related fees are recognized at the closing date of the real estate transaction. We also earn a fee for placing and binding title insurance policies with third-party underwriters. In some situations, we act as an agent to place and bind title insurance policies in transactions that involve third-party underwriters in exchange for a fee. This fee is recognized as revenue on the effective date of the policy, which is the closing date of the real estate transaction. It is included in the “Escrow and other title related fees and other” account on the consolidated statements of operations.

Reinsurance

The Company utilizes excess of loss and quota share reinsurance programs to limit its maximum loss exposure by reinsuring certain risks with other insurers. Reinsurance agreements transfer portions of the underlying risk of the business the Company writes. The Company remains primarily liable to the insured whether or not the reinsurer is able to meet its contractual obligations. However, the reinsurance contract does permit the Company to recover certain incurred losses from its reinsurers, and reinsurance recoveries reduce the maximum loss that the Company may incur as a result of a covered loss event.

The Company has two reinsurance treaties: Excess of Loss Treaty and Quota Share Treaty. Under the Excess of Loss Treaty, we cede liability over $15 million on all files. Excess of loss reinsurance coverage protects the Company from a large loss from a single loss occurrence. The Excess of Loss Treaty provides for ceding liability above the retention of $15 million for all policies up to a liability cap of $500 million.

Under the Quota Share Treaty, during 2020, the Company ceded 100% of its instant underwriting policies from refinancing transactions. We receive ceding commission and are entitled to profit commission as a result of this reinsurance arrangement. Reinsurance premiums, losses and loss adjustment expenses (“LAE”) ceded to other companies are accounted for on a basis consistent with those used in accounting for the original title insurance policies issued and the terms of the reinsurance contracts.

Payments and recoveries on reinsured losses for the Company’s title insurance business were immaterial during the years ended December 31, 2020, 2019 and 2018.

Ceding commission from reinsurance transactions are presented as a revenue within the Escrow, other title-related fees, and other account on the consolidated statements of operations.

Total premiums ceded in connection with reinsurance are netted against the written premiums on the consolidated statements of operations. Gross premiums written and ceded premiums are as follows:


	Year ended December 31
	2020			2019			2018
Gross premiums written	$	349,636		$	294,159		$	—
Ceded premiums	(4,028)			(1,452)			—
Net premiums written	$	345,608		$	292,707		$	—
Percentage of amount assumed to net	98.8		%	99.5		%	—

Liability for loss and loss adjustment expenses

Our liability for loss and loss adjustment expenses include reserves for known claims as well as reserves for incurred but not reported (“IBNR”) claims. Each known claim is reserved based on our review of the estimated amount of the claim and the costs required to settle the claim. Reserves for IBNR are estimates that are established at the time the premium revenue is recognized and are based upon historical experience and other factors, including industry trends, claim loss history, legal environment, geographic considerations, and the types of title insurance policies written.

The liability for loss and loss adjustment expenses also includes reserves for losses arising from closing and disbursement functions due to fraud or operational error. These reserves are intended to provide for closing errors

If a loss compensable under a title insurance policy is caused by an act or omission committed by a Third-Party Agent, the Company may seek contribution or reimbursement from the Third-Party Agent. In any event, the Company may proceed against any party who is responsible for any loss under the title insurance policy under rights of subrogation.

Income taxes

Under ASC 740, Income Taxes (“ASC 740”), deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period of the enactment date. Valuation allowances are established when it is more likely than not that some or all of the deferred tax assets will not be realized.

ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. No amounts were accrued for the payment of interest and penalties at December 31, 2020, 2019 and 2018. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position.

Stock compensation expense

The Company recognizes stock-based compensation expense in accordance with the provisions of ASC 718, Compensation - Stock Compensation, (“ASC 718”). ASC 718 requires the measurement and recognition of stock-based compensation expense for all stock-based awards issued to employees and directors based on estimated fair values at the grant date. The Company measures the grant date fair value of stock options using the Black-Scholes option-pricing model. Stock-based compensation expense arising from stock options is recorded on a straight-line basis over the vesting period of each grant. Forfeitures are accounted for as incurred.

For restricted stock awards (“RSAs”) paid in consideration of services rendered by non-employees, the Company recognizes compensation expense in accordance with the requirements of ASU 2018-07, Improvements to Nonemployee Share-Based Payment Accounting. The Company measures the fair value of RSAs using the fair market value of the underlying common stock at the grant date. Stock-based compensation expense arising from RSAs is recorded on a straight-line basis over the vesting period of each grant. Forfeitures are accounted for as incurred.

Concentration of credit risk

Advertising costs

Advertising costs, which include promotional expenses, are expensed as incurred. Advertising expenses were $3.1 million and $2.7 million for the years ended December 31, 2020 and 2019, respectively, and are included in other operating expenses in the accompanying consolidated statements of operations. There were no advertising expenses for the year ended December 31, 2018.

Earnings per share

Basic earnings per share is calculated under the two-class method because the Company has issued participating preferred shares. The two-class method requires that income or loss from continuing operations be reduced by the amounts of dividends for the period along with allocations of undistributed earnings attributable to participating securities. Losses are not allocated to participating securities as they do not have a contractual obligation to share in losses.

The more dilutive of the two-class method and the if-converted method is used to calculate the dilutive impact of the preferred shares. The treasury stock method is utilized to calculate the dilutive impact of the outstanding warrants, RSAs and options and the if-converted method is utilized for the Company's convertible notes.

For the years ended December 31, 2020, 2019 and 2018, preferred shares, stock options, warrants and RSAs were anti-dilutive, therefore, were excluded from the computation of diluted earnings per share.

Basic and diluted earnings per share attributable to the Company’s common stock for the years ended December 31, 2020, 2019 and 2018 was calculated using weighted average common shares outstanding.

Risk and uncertainties

The COVID-19 global pandemic has caused national and global economic and financial market disruptions. On the onset of the pandemic, the Company braced and anticipated uncertain disruption to our business. However, we have been successful in our ability to adapt to new market-demands through our cutting-edge technology and ability to offer remote closings to our customers. Our results from operations for the year ended December 31, 2020, similarly, show that the Company’s performance from operations was not adversely impacted in a material manner. The Company continues to monitor and react to business disruptions caused by the pandemic but we cannot predict with certainty the duration of the pandemic or its impact on the Company’s financial condition and results of operations, as well as business operations and workforce.

Recently issued and adopted accounting pronouncements

In May 2014, the FASB issued ASC 606, which supersedes nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of ASC 606 is that an entity should recognize revenue when it transfers 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. ASC 606 also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments, changes in judgments, and assets recognized from costs incurred to obtain or fulfill a contract. ASC 606 permits the use of either the full retrospective or modified retrospective adoption methods.

On January 1, 2019, the Company early adopted ASC 606 using the modified retrospective method. Results for reporting periods beginning after January 1, 2019 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported under the accounting standards in effect for the prior period and are considered not material. The early adoption of ASC 606 did not have an impact on the recognition of our primary sources of revenue, Direct Agent and Third-Party Agent title insurance premiums, as those revenue streams are subject to the accounting and reporting requirements under ASC 944. Timing of recognition of substantially all of the Company’s remaining revenue was also not impacted, and therefore we did not record any cumulative effect adjustment to opening equity. The only impact on the Company’s revenue recognition was the classification of recording fees and tax lien fees as pass through expense. These inflows were determined to be transactions where the Company is functioning as an agent as opposed to a principal.

In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350), simplifying Accounting for Goodwill Impairment ("ASU 2017-04"). ASU 2017-04 removes the requirement to perform a hypothetical purchase price allocation to measure goodwill impairment. A goodwill impairment will now be the amount by which a reporting unit's carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. The Company early adopted this update as of January 1, 2020 with no material impact on the Company's financial position and results of operations.

In August 2018, the FASB issued ASU 2018-15, Intangibles — Goodwill and Other — Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract ("ASU 2018-15"). ASU 2018-15 requires a customer in a cloud computing arrangement that is a service contract to follow the internal-use software guidance in ASC 350-40 to determine which implementation costs to defer and recognize as an asset. The amendments in this update are effective for public entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. For all other entities, the amendment is effective for fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021. The Company early adopted this update for the year ended December 31, 2019 with no material impact on the Company's financial position and results of operations.

In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820) Disclosure Framework— Changes to the Disclosure Requirements for Fair Value Measurement, which changes the fair value measurement disclosure requirements of ASC 820. As of this recent issuance, the following disclosure requirements were removed from Topic 820: (1) The amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy (2) The policy for timing of transfers between levels (3) The valuation processes for Level 3 fair value measurements and (4) For nonpublic entities, the changes in unrealized gains and losses for the period included in net income for recurring Level 3 fair value measurements held at the end of the reporting period. The following disclosure requirements were modified in Topic 820: (1) In lieu of a rollforward for Level 3 fair value measurements, a nonpublic entity is required to disclose transfers into and out of Level 3 of the fair value hierarchy and purchases and issues of Level 3 assets and liabilities (2) For investments in certain entities that calculate net asset value, an entity is required to disclose the timing of liquidation of an investee’s assets and the date when restrictions from redemption might lapse only if the investee has communicated the timing to the entity or announced the timing publicly and (3) The amendments clarify that the measurement uncertainty disclosure is to communicate information about the uncertainty in measurement as of the reporting date. The amendments in this update are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company adopted this update as of January 1, 2020 with no material impact on the Company's financial position and results of operations.

Recently issued but not adopted accounting pronouncements

In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments (Topic 326). The amendments in this and the related ASUs introduce broad changes to accounting for credit impairment of financial instruments. The primary updates include the introduction of a new current expected credit loss ("CECL") model that is based on expected rather than incurred losses and amendments to the accounting for impairment of held-to-maturity securities and available for sale securities. The amendments in this update are effective for public entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. For all other entities, the amendment is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. We are finalizing the effect this new guidance will have on our consolidated financial statements and related disclosures. Based on our implementation analysis performed, we have concluded that the overall effect of Topic 326 is not expected to be material to the consolidated financial statements upon adoption. We have not early adopted this standard.

Business combinations

12 Months Ended

Dec. 31, 2020

Business Combination and Asset Acquisition [Abstract]

Business combinations

On January 7, 2019, we completed the North American Title Acquisition for a total consideration transferred of $171.7 million.

The following table presents additional information on total consideration transferred:


Issuance of Series A-1 preferred stock	$	50,142
Issuance of Series A-1 preferred stock warrants	34,473
Note payable issued to NATG	87,000
Assumption of NATG debt	65
Total consideration transferred	$	171,680

The North American Title Acquisition was accounted for as a business combination using the acquisition method of accounting in accordance with ASC 805, Business Combinations. Under ASC 805, the total consideration transferred or purchase price is allocated to the estimated fair value of the tangible and identifiable intangible assets acquired less liabilities assumed at the date of the North American Title Acquisition. The Company’s transaction costs of $0.8 million and $1.7 million were reported in other operating expenses in the consolidated statements of operations for the years ended December 31, 2019 and 2018, respectively. Fair value measurements have been applied based on assumptions that the Company believes market participants would use in the pricing of the asset or liability. The purchase price allocation could change in subsequent periods, up to one year from the close date.

The following table sets forth the purchase price allocation, as of the acquisition date:


Cash	$	35,704	Accounts payable	$	(9,409)
Restricted cash	1,566		Accrued expenses and other liabilities	(12,218)
Investments	61,398		Liability for loss and loss adjustment expenses	(59,266)
Receivables	15,239		Total liabilities assumed	$	(80,893)
Fixed assets	1,659
Prepaid expenses, deposits and other assets	2,197
Title plants	16,993		Net identifiable assets acquired	$	59,734
Trade names	5,871		Goodwill	111,946
Total identifiable assets acquired	$	140,627	Total consideration transferred	$	171,680

The goodwill resulting from the North American Title Acquisition largely consists of the Company's expected future synergies from combining the Acquired Business with Legacy States Title. Part of the transaction was treated as an asset purchase for income tax purposes and resulted in tax-deductible goodwill.

Total revenues included in the consolidated statement of operations as of December 31, 2019 attributable to the Acquired Business were $355.9 million. The disclosure of net loss attributable to the Acquired Business for the year ended December 31, 2019 is impracticable given the level of integration achieved in 2019.

The supplemental pro forma information for revenue and net loss of the Company as though the business combination had occurred as of January 1, 2018 is impracticable to provide due to the fact that carve-out financial information for the acquired business prior to the acquisition does not exist.

Investments and fair value measurements

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Investments, All Other Investments [Abstract]

Investments and fair value measurements

Held-to-maturity debt securities

The cost basis, fair values and gross unrealized gains and losses of our held-to-maturity debt securities are as follows:


	June 30, 2021								December 31, 2020
	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value		Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Corporate debt securities(1)	$	77,355	$	995	$	(51)	$	78,299	$	57,651	$	994	$	(53)	$	58,592
U.S. Treasury securities	6,589		16		(1)		6,604		7,519		54		—		7,573
Certificates of deposit	237		—		—		237		236		—		—		236
Total	$	84,181	$	1,011	$	(52)	$	85,140	$	65,406	$	1,048	$	(53)	$	66,401

_______________

(1)Includes both U.S. and foreign corporate debt securities.

The cost basis of held-to-maturity debt securities includes an adjustment for the amortization of premium or discount since the date of purchase. Held-to-maturity debt securities valued at approximately $4.9 million and $5.1 million were on deposit with various governmental authorities at June 30, 2021 and December 31, 2020, respectively, as required by law.

The change in net unrealized gains and losses on held-to-maturity debt securities for the six months ended June 30, 2021 and 2020 was $(0.1) million and $0.2 million, respectively.

The following table reflects the composition of net realized gains or losses and corresponding proceeds for the sales of the securities for each of the periods shown below:


	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
Realized gains (losses):
Held-to-maturity debt securities:
Gains	$	—	$	—	$	65	$	15
Losses	—		—		(11)		—
Net	$	—	$	—	$	54	$	15

Proceeds from sales	$	—	$	—	$	3,048	$	1,504

The following table presents certain information regarding contractual maturities of our held-to-maturity debt securities:


Maturity	June 30, 2021
	Amortized Cost		% of Total		Fair Value		% of Total
One year or less	$	17,239	20	%	$	17,330	20	%
After one year through five years	$	66,942	80	%	$	67,810	80	%
	$	84,181	100	%	$	85,140	100	%

There were no held-to-maturity debt securities with contractual maturities after five years. Expected maturities may differ from contractual maturities because certain borrowers have the right to call or prepay obligations with or without call or prepayment penalties.

Net unrealized losses on held-to-maturity debt securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position are as follows:


	June 30, 2021								December 31, 2020
	Corporate debt securities		U.S. Treasury securities		Certificate of deposits		Total		Corporate debt securities		U.S. Treasury securities		Certificate of deposits		Total
Less than 12 months
Fair value	$	4,717	$	1,458	$	—	$	6,175	$	8,464	$	5,181	$	—	$	13,645
Unrealized losses	$	(43)	$	(1)	$	—	$	(44)	$	(53)	$	—	$	—	$	(53)
Greater than 12 months
Fair value	$	658	$	—	$	—	$	658	$	—	$	—	$	—	$	—
Unrealized losses	$	(8)	$	—	$	—	$	(8)	$	—	$	—	$	—	$	—
Total
Fair value	$	5,375	$	1,458	$	—	$	6,833	$	8,464	$	5,181	$	—	$	13,645
Unrealized losses	$	(51)	$	(1)	$	—	$	(52)	$	(53)	$	—	$	—	$	(53)

Available-for-sale debt securities

The cost basis, fair values and gross unrealized gains and losses of our available-for-sale debt securities are as follows:


	December 31, 2020
	Cost Basis		Unrealized Gains		Unrealized Losses		Fair Value
Corporate debt securities(1)	$	7,139	$	918	$	—	$	8,057
Total	$	7,139	$	918	$	—	$	8,057

_________________

(1)Includes both U.S. and foreign corporate debt securities.

The cost basis of available-for-sale debt securities includes an adjustment for the amortization of premium or discount since the date of purchase.

The change in net unrealized gains on available-for-sale debt securities for the six months ended June 30, 2021 and 2020 was $(0.9) million and $(0.7) million, respectively. The Company disposed all available-for-sale debt securities in the three months ended March 31, 2021 and therefore had no unrealized gain or loss as of June 30, 2021 and no change in net unrealized gains on available-for-sale debt securities for the three months ended June 30, 2021. The change in net unrealized gains on available-for sale debt securities for the three months ended June 30, 2020

was $(0.6) million. Any unrealized holding gains or losses on available-for-sale debt securities as of December 31, 2020 are reported as accumulated other comprehensive gain or loss, which is a separate component of stockholders’ equity, net of tax, until realized.

The following table reflects the composition of net realized gains or losses and corresponding proceeds for the sales of the securities:


	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
Realized gains (losses):
Available-for-sale debt securities:
Gains	$	—	$	—	$	768	$	—
Losses	$	—	$	—	$	(90)	$	—
Net	$	—	$	—	$	678	$	—

Proceeds from sales	$	—	$	—	$	7,817	$	—

Equity securities

The cost and estimated fair value of equity securities are as follows:


	June 30, 2021				December 31, 2020
	Cost		Estimated Fair Value		Cost		Estimated Fair Value
Preferred stocks	$	—	$	—	$	2,000	$	2,119
Total	$	—	$	—	$	2,000	$	2,119

The Company disposed of all equity securities in the three months ended March 31, 2021.

Mortgage loans

The mortgage loans portfolio as of June 30, 2021 is comprised entirely of standard residential mortgage loans. During the six months ended June 30, 2021, the Company did not purchase any new mortgage loans.

Mortgage loans, which include contractual terms to maturity, are not categorized by contractual maturity as borrowers may have the right to call or prepay obligations with, or without, call or prepayment penalties.

The cost and estimated fair value of mortgage loans are as follows:


	June 30, 2021				December 31, 2020
	Cost		Estimated Fair Value		Cost		Estimated Fair Value
Mortgage loans	$	2,936	$	2,936	$	2,980	$	2,980
Total	$	2,936	$	2,936	$	2,980	$	2,980

Investment income

Investment income from securities, inclusive of realized gains (losses), consists of the following:


	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
Available-for-sale debt securities	$	—	$	91	$	773	$	204
Held-to-maturity debt securities	570		252		964		522
Equity investments	—		111		(89)		(110)
Mortgage loans	45		46		91		102
Other	1		22		61		153
Total	$	616	$	522	$	1,800	$	871

Accrued interest receivable

Accrued interest receivable from investments is included in receivables, net on the condensed consolidated balance sheets. The following table reflects the composition of accrued interest receivable for investments:


	June 30, 2021		December 31, 2020
Corporate debt securities	$	1,055	$	641
U.S. Treasury securities	35		45
Accrued interest receivable on investment securities	$	1,090	$	686
Mortgage loans	21		43
Accrued interest receivable on investments	$	1,111	$	729

Fair value measurement

The three levels of the fair value hierarchy under ASC 820 are as follows:


Level 1						Quoted prices (unadjusted) in active markets for identical investments at the measurement date are used.

Level 2						Pricing inputs are other than quoted prices included within Level 1 that are observable for the investment, either directly or indirectly. Level 2 pricing inputs include quoted prices for similar investments in active markets, quoted prices for identical or similar investments in markets that are not active, inputs other than quoted prices that are observable for the investment, and inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3						Pricing inputs are unobservable and include situations where there is little, if any, market activity for the investment. The inputs used in determination of fair value require significant judgment and estimation.

the investment. The categorization of an investment within the hierarchy is based upon the pricing transparency of the investment and does not necessarily correspond to the perceived risk of that investment.

The following table summarizes the Company’s investments that were measured at fair value:


	Assets
	Corporate debt securities		U.S Treasury securities		Mortgage loans		Preferred stocks		Certificate of deposits		Total
June 30, 2021
Level 1	$	—	$	6,604	$	—	$	—	$	—	$	6,604
Level 2	78,299		—		—		—		237		78,536
Level 3	—		—		2,936		—		—		2,936
Total	$	78,299	$	6,604	$	2,936	$	—	$	237	$	88,076

December 31, 2020
Level 1	$	—	$	7,573	$	—	$	2,119	$	—	$	9,692
Level 2	66,649		—		—		—		236		66,885
Level 3	—		—		2,980		—		—		2,980
Total	$	66,649	$	7,573	$	2,980	$	2,119	$	236	$	79,557

There were no transfers of investments between Level 1 and Level 2 during the three or six months ended June 30, 2021 and the year ended December 31, 2020. There were no transfers involving Level 3 assets during the three or six months ended June 30, 2021 and the year ended December 31, 2020.

Investments and fair value measurements

Held-to-maturity debt securities

The cost basis, fair values and gross unrealized gains and losses of our held-to-maturity debt securities are as follows:


	December 31, 2020								December 31, 2019
	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value		Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Corporate debt securities (1)	$	57,651	$	994	$	(53)	$	58,592	$	11,744	$	55	$	(2)	$	11,797
U.S. Treasury securities	7,519		54		—		7,573		6,861		3		(3)		6,861
Certificates of deposit	236		—		—		236		287		—		—		287
Total	$	65,406	$	1,048	$	(53)	$	66,401	$	18,892	$	58	$	(5)	$	18,945

_______________

(1) Includes both U.S. and foreign corporate debt securities.

The cost basis of held-to-maturity debt securities includes an adjustment for the amortization of premium or discount since the date of purchase. Held-to-maturity debt securities valued at approximately $5.1 million and $7.1 million were on deposit with various governmental authorities at December 31, 2020 and 2019, respectively, as required by law.

The change in net unrealized gains and on held-to-maturity debt securities for the years ended December 31, 2020 and 2019 was an increase of $0.9 million and $0.1 million, respectively. There was no change in net unrealized gains on held-to-maturity debt securities for the year ended December 31, 2018.

The following table reflects the composition of net realized gains or losses for the sales of the securities for each of the years shown below:


	Year ended December 31,
	2020		2019		2018
Realized gains (losses):
Held-to-maturity debt securities:
Gains	$	146	$	15	$	—
Losses	—		(8)		—
Net	$	146	$	7	$	—

The following table presents certain information regarding contractual maturities of our held-to-maturity debt securities:


Maturity	December 31, 2020
	Amortized Cost		% of Total		Fair Value		% of Total
One year or less	$	16,701	26	%	$	16,791	25	%
After one year through five years	48,705		74	%	49,610		75	%
	$	65,406	100	%	$	66,401	100	%


	December 31, 2020								December 31, 2019
	Corporate debt securities		U.S. Treasury securities		Certificate of deposits		Total		Corporate debt securities		U.S. Treasury securities		Certificate of deposits		Total
Less than 12 Months
Fair Value	$	8,464	$	5,181	$	—	$	13,645	$	1,016	$	5,079	$	—	$	6,095
Unrealized Losses	(53)		—		—		(53)		(1)		(3)		—		(4)

As of December 31, 2020 and 2019, there are no held-to-maturity debt securities which have unrealized losses for a period in excess of 12 months.

Available-for-sale debt securities

The cost basis, fair values and gross unrealized gains and losses of our available-for-sale debt securities are as follows:


	December 31, 2020								December 31, 2019
	Cost Basis		Unrealized Gains		Unrealized Losses		Fair Value		Cost Basis		Unrealized Gains		Unrealized Losses		Fair Value
Corporate debt securities (1)	$	7,139	$	918	$	—	$	8,057	$	7,139	$	708	$	—	$	7,847
Total	$	7,139	$	918	$	—	$	8,057	$	7,139	$	708	$	—	$	7,847

_________________

(1) Includes both U.S. and foreign corporate debt securities.

The cost basis of available-for-sale debt securities includes an adjustment for the amortization of premium or discount since the date of purchase.

The change in net unrealized gains on available-for-sale debt securities for the years ended December 31, 2020 and 2019 was an increase of $0.2 million and $0.7 million, respectively. There was no change in net unrealized gains on available-for-sale debt securities for the year ended December 31, 2018.

There were no realized gains or losses on available-for-sale debt securities for the years ended December 31, 2020, 2019, and 2018.

The following table presents certain information regarding contractual maturities of our available-for-sale debt securities:


Maturity	December 31, 2020
	Amortized Cost		% of Total		Fair Value		% of Total
One year or less	$	—	—		$	—	—
After one year through five years	—		—		—		—
After five years through ten years	923		13	%	1,183		15	%
After ten years	6,216		87	%	6,874		85	%
Total	$	7,139	100	%	$	8,057	100	%

Expected maturities may differ from contractual maturities because certain borrowers have the right to call or prepay obligations with or without call or prepayment penalties.

For the years ended December 31, 2020 and 2019, there were no available-for-sale debt securities which have unrealized losses for a period in excess of 12 months.

Equity securities

The cost and estimated fair value of equity securities are as follows:


	December 31, 2020				December 31, 2019
	Cost		Estimated Fair Value		Cost		Estimated Fair Value
Preferred stocks	$	2,000	$	2,119	$	1,000	$	1,039
Total	$	2,000	$	2,119	$	1,000	$	1,039

The following table reflects the composition of net realized gains or losses on sales of the equity securities for each of the years shown below:


	Year ended December 31,
	2020		2019		2018
Realized gains (losses):
Gains	$	—	$	—	$	—
Losses	—		(13)		—
Net	$	—	$	(13)	$	—

Mortgage loans

The mortgage loans portfolio as of December 31, 2020 is comprised entirely of standard mortgage loans. During the year ended December 31, 2020, the Company did not purchase any new mortgage loans.

The cost and estimated fair value of mortgage loans are as follows:


	December 31, 2020				December 31, 2019
	Cost		Estimated Fair Value		Cost		Estimated Fair Value
Mortgage loans	$	2,980	$	2,980	$	3,370	$	3,370
Total	$	2,980	$	2,980	$	3,370	$	3,370

Investment income

Investment income from securities consists of the following:


	Year ended December 31,
	2020		2019		2018
Available-for-sale debt securities	$	408	$	262	$	—
Held-to-maturity debt securities	1,326		743		—
Equity investments	146		115		—
Mortgage loans	194		325		—
Other	159		932		22
Total	$	2,233	$	2,377	$	22

Accrued interest receivable

Accrued interest receivable from investments is included in receivables, net on the consolidated balance sheets. The following table reflects the composition of accrued interest receivable for investments:


	Year ended December 31,
	2020		2019
Corporate debt securities	$	641	$	186
Certificate of deposits	—		2
U.S. Treasury securities	45		44
Accrued interest receivable on investment securities	686		231
Mortgage loans	43		31
Accrued interest receivable on investments	$	729	$	262

Fair value measurement

The following table summarizes the Company’s investments that were measured at fair value:


	Assets
	Corporate debt securities		U.S. Treasury securities		Mortgage loans		Preferred stocks		Certificate of deposits		Total
December 31, 2020
Level 1	$	—	$	7,573	$	—	$	2,119	$	—	$	9,692
Level 2	66,649		—		—		—		236		66,885
Level 3	—		—		2,980		—		—		2,980
Total	$	66,649	$	7,573	$	2,980	$	2,119	$	236	$	79,557

December 31, 2019
Level 1	$	—	$	6,861	$	—	$	1,039	$	—	$	7,900
Level 2	19,644		—		—		—		287		19,931
Level 3	—		—		3,370		—		—		3,370
Total	$	19,644	$	6,861	$	3,370	$	1,039	$	287	$	31,201

There were no transfers of investments between Level 1 and Level 2 during the years ended December 31, 2020 and 2019. There were no investments categorized in, or transfers involving, Level 3 during the years ended December 31, 2020 and 2019.

Revenue recognition

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Revenue from Contract with Customer [Abstract]

Revenue recognition

Disaggregation of revenue

Our revenue consists of:


			Three months ended June 30,				Six months ended June 30,
			2021		2020		2021		2020
Revenue Stream	Statement of Operations Classification	Segment	Total Revenue
Revenue from insurance contracts:
Direct Agent title insurance premiums	Net premiums written	Underwriting	$	31,281	$	19,022	$	55,854	$	36,253
Direct Agent title insurance premiums	Net premiums written	Elimination	(110)		—		(880)		—
Third-Party Agent title insurance premiums	Net premiums written	Underwriting	78,100		67,312		162,289		106,898
Total revenue from insurance contracts			$	109,271	$	86,334	$	217,263	$	143,151
Revenue from contracts with customers:
Escrow fees	Escrow, title-related and other fees	Distribution	$	15,755	$	9,245	$	29,135	$	17,875
Other title-related fees and income	Escrow, title-related and other fees	Distribution	30,533		20,138		54,798		39,075
Other title-related fees and income	Escrow, title-related and other fees	Underwriting	389		293		1,798		598
Other title-related fees and income	Escrow, title-related and other fees	Elimination(1)	(26,612)		(16,294)		(47,091)		(30,992)
Total revenue from contracts with customers			$	20,065	$	13,382	$	38,640	$	26,556
Other revenue:
Interest and investment income (2)	Investment, dividend and other income	Distribution	37		149		87		272
Interest and investment income (2)	Investment, dividend and other income	Underwriting	540		386		991		853
Realized gains and losses, net	Investment, dividend and other income	Distribution	—		166		(4)		382
Realized gains and losses, net	Investment, dividend and other income	Underwriting	73		6		805		18
Total other revenues			650		707		1,879		1,525
Total revenues			$	129,986	$	100,423	$	257,782	$	171,232

_________________

(1)Premiums retained by Direct Agents are recognized as income to the Distribution segment, and expense to the Underwriting segment. Upon consolidation, the impact of these internal segment transactions is eliminated. See Note 6. Segment information for additional breakdown.

(2)Interest and investment income consists primarily of interest payments received on held-to-maturity debt securities, available-for-sale debt securities and mortgage loans.

Revenue recognition

Disaggregation of revenue

Our revenue consists of:


			Year ended December 31,
			2020		2019		2018
Revenue Stream	Statement of Operations Classification	Segment	Total Revenue
Revenue from insurance contracts:
Direct Agent title insurance premiums	Net premiums written	Underwriting	81,420		78,666		—
Third-Party Agent title insurance premiums	Net premiums written	Underwriting	264,188		214,041		—
Total revenue from insurance contracts			$	345,608	$	292,707	$	—
Revenue from contracts with customers:
Escrow fees	Escrow, title-related and other fees	Distribution	$	41,438	$	39,062	$	—
Other title-related fees and income	Escrow, title-related and other fees	Distribution	88,152		90,570		36
Other title-related fees and income	Escrow, title-related and other fees	Underwriting	2,099		873		10
Other title-related fees and income	Escrow, title-related and other fees	Elimination(1)	(70,414)		(68,488)		—
Total revenue from contracts with customers			$	61,275	$	62,017	$	46
Other revenue:
Interest and investment income (2)	Investment, dividend and other income	Distribution	$	325	$	1,026	$	117
Interest and investment income (2)	Investment, dividend and other income	Underwriting	2,086		2,411		23
Realized gains and losses, net	Investment, dividend and other income	Distribution	374		(70)		—
Realized gains and losses, net	Investment, dividend and other income	Underwriting	146		(6)		(1)
Total other revenues			$	2,931	$	3,361	$	139
Total revenues			$	409,814	$	358,085	$	185

_________________

(2)Interest and investment income consists primarily of interest payments received on held-to-maturity debt securities, available-for-sale debt securities and mortgage loans.

See Note 2. Revenue recognition for additional information.

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Liability for loss and loss adjustment expenses

Liability for loss and loss adjustment expenses

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Insurance [Abstract]

A summary of the changes in the liability for loss and loss adjustment expenses for the six months ending June 30, 2021 and 2020 is as follows:


	June 30,
	2021			2020
Beginning balance	$	69,800		$	62,758

Provision for claims related to:
Current year	$	14,516		$	8,533
Prior years	(4,461)			(3,710)
Total provision for claims	$	10,055		$	4,823

Paid losses related to:
Current year	$	(1,554)		$	(1,139)
Prior years	(3,595)			(3,794)
Total paid losses	$	(5,149)		$	(4,933)

Ending balance	$	74,706		$	62,648

Provision for claims as a percentage of net written premiums	4.6		%	3.4		%

We continually update our liability for loss and loss adjustment expense estimates as new information becomes known, new loss patterns emerge, or as other contributing factors are considered and incorporated into the analysis. Estimating future title loss payments is difficult because of the complex nature of title claims, the long periods of time over which claims are paid, significantly varying dollar amounts of individual claims, and other factors.

For the six months ended June 30, 2021, the provision for claims reserve release related to prior years of $4.5 million is due to expected loss emergence being lower than prior expectations. Historically, our favorable loss experience has resulted in a decrease in the projection of ultimate loss for past policy years. Most recently, our favorable loss experience resulted in a decrease in the projection of ultimate loss for policy years 2017-2020. For the six months ended June 30, 2020, the provision for claims reserve release related to prior years of $3.7 million is due to reported loss emergence which was lower than expected. This resulted in a decrease in the projection of ultimate loss primarily for policy years 2017-2019. The actuarial assumptions underlying the Company’s selected ultimate loss estimates place more consideration on title insurance industry benchmarks for more recent policy years. These title insurance benchmarks are based on industry long-term average loss ratios. As the Company’s claims experience matures, we refine those estimates to put more consideration to the Company’s actual claims experience. For the six months ended June 30, 2021 and 2020, the Company’s actual claims experience reflects lower loss ratios than industry benchmarks from a current positive underwriting cycle and resulted in the favorable development.

Current year incurred and paid losses includes current year reported claims as well as estimated future losses on such claims.

The liability for loss and loss adjustment expenses of $74.7 million and $69.8 million, as of June 30, 2021 and December 31, 2020, respectively, includes $0.2 and $0.7 million, respectively, of reserves for the settlement of claims which the Company has deemed to be directly related to its escrow or agent related activities. The reserves for the settlement of claims related to escrow or agent related activities are not actuarially determined.

Liability for loss and loss adjustment expenses

A summary of the liability for loss and loss adjustment expenses follows:


	Year Ended December 31
	2020			2019
Beginning balance	$	62,758		$	59,266

Provision for claims related to:
Current year	$	20,619		$	21,220
Prior years	(5,282)			(8,935)
Total provision for claims	15,337			12,285

Paid losses related to:
Current year	$	(2,331)		$	(2,828)
Prior years	(5,964)			(5,965)
Total paid losses	$	(8,295)		$	(8,793)

Ending balance	$	69,800		62,758

Provision for claims as a percentage of net written premiums	4.4		%	4.2		%

We continually update our liability for loss and loss adjustment expenses estimates as new information becomes known, new loss patterns emerge, or as other contributing factors are considered and incorporated into the analysis. Estimating future title loss payments is difficult because of the complex nature of title claims, the long periods of time over which claims are paid, significantly varying dollar amounts of individual claims and other factors.

Current year incurred and paid losses includes current year reported claims as well as estimated future losses on such claims.

For the year ended December 31, 2020, the prior year’s provision for claims release of $5.3 million is due to reported loss emergence which was lower than expected. This favorable loss experience has resulted in a 10% decrease in the projection of ultimate loss for policy years 2017–2019. For the year ended December 31, 2019, the prior year’s reserve release of $8.9 million is also due to reported loss emergence which was lower than expected. This has resulted in a 13% decrease in the projection of ultimate loss for policy years 2015–2018. The actuarial assumptions underlying the Company’s selected ultimate loss estimates place more consideration on title insurance industry benchmarks for more recent policy years. These title insurance benchmarks are based on industry long-term average loss ratios. As the Company’s claims experience matures, we refine those estimates to put more consideration to the Company’s actual claims experience. For the years ended December 31, 2020 and 2019, the Company’s actual claims experience reflects lower loss ratios than industry benchmarks from a current positive underwriting cycle and resulted in the favorable development.

The liability for loss and loss adjustment expenses of $69.8 million and $62.8 million, as of December 31, 2020 and December 31, 2019, respectively, includes $0.7 million and $1.2 million, respectively, of reserves for the settlement of claims which the Company has deemed to be directly related to its escrow or agent related activities. The reserves for the settlement of claims related to escrow or agent related activities are not actuarially determined.

Segment information

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Segment Reporting [Abstract]

Segment information

A description of each of our reportable segments is as follows.

•Distribution: Our Distribution segment reflects our Direct Agents operations of acquiring customer orders and providing title and escrow services for real estate closing transactions. We acquire customers through our partnerships with realtors, attorneys and non-centralized loan originators via an 89-branch footprint across ten states (“Local”) and our partnerships with national lenders and mortgage originators that maintain centralized lending operations representing our strategic and enterprise accounts (“S&EA”).

•Underwriting: Our Underwriting segment reflects the results of our title insurance underwriting business, including policies referred through our Direct Agents and Third-Party Agents channels. The referring agents typically retain approximately 84% of the policy premiums in exchange for their services. The retention varies by state and agent.

We use adjusted gross profit as the primary profitability measure for making decisions regarding ongoing operations. Adjusted gross profit is calculated by subtracting direct costs, such as premiums retained by agents, direct labor, other direct costs, and provision for claims, from total revenue. Our chief operating decision maker evaluates the results of the aforementioned segments on a pre-tax basis. Segment adjusted gross profit excludes certain items which are included in net loss, such as depreciation and amortization, corporate and other expenses, interest expense, and income tax expense, as these items are not considered by the chief operating decision maker in evaluating the segments' overall operating performance. Our chief operating decision maker does not review nor consider assets allocated to our segments for the purpose of assessing performance or allocating resources. Accordingly, segments' assets are not presented.

The following table summarizes the operating results of the Company’s reportable segments:


	Three months ended June 30, 2021
	Distribution		Underwriting		Eliminations		Consolidated total
Net premiums written	$	—	$	109,381	$	(110)	$	109,271
Escrow, other title-related fees and other (1)	46,288		389		(26,612)		20,065
Investment, dividend and other income	37		613		—		650
Total revenue	$	46,325	$	110,383	$	(26,722)	$	129,986

Premiums retained by agents (2)	$	—	$	91,903	$	(26,722)	$	65,181
Direct labor (3)	18,986		1,916		—		20,902
Other direct costs (4)	5,881		1,680		—		7,561
Provision for claims	(25)		6,832		—		6,807
Adjusted gross profit	$	21,483	$	8,052	$	—	$	29,535


	Six months ended June 30, 2021
	Distribution		Underwriting		Eliminations		Consolidated total
Net premiums written	$	—	$	218,143	$	(880)	$	217,263
Escrow, other title-related fees and other (1)	83,933		1,798		(47,091)		38,640
Investment, dividend and other income	83		1,796		—		1,879
Total revenue	$	84,016	$	221,737	$	(47,971)	$	257,782

Premiums retained by agents (2)	$	—	$	183,490	$	(47,971)	$	135,519
Direct labor (3)	35,093		3,788		—		38,881
Other direct costs (4)	11,197		3,473		—		14,670
Provision for claims	534		9,521		—		10,055
Adjusted gross profit	$	37,192	$	21,465	$	—	$	58,657


	Three months ended June 30, 2020
	Distribution		Underwriting		Eliminations		Consolidated total
Net premiums written	$	—	$	86,334	$	—	$	86,334
Escrow, other title-related fees and other (1)	29,383		293		(16,294)		13,382
Investment, dividend and other income	315		392		—		707
Total revenue	$	29,698	$	87,019	$	(16,294)	$	100,423

Premiums retained by agents (2)	$	—	$	72,300	$	(16,294)	$	56,006
Direct labor (3)	12,575		1,323		—		13,898
Other direct costs (4)	3,494		1,404		—		4,898
Provision for claims	153		2,887		—		3,040
Adjusted gross profit	$	13,476	$	9,105	$	—	$	22,581


	Six months ended June 30, 2020
	Distribution		Underwriting		Eliminations		Consolidated total
Net premiums written	$	—	$	143,151	$	—	$	143,151
Escrow, other title-related fees and other (1)	56,950		598		(30,992)		26,556
Investment, dividend and other income	654		871		—		1,525
Total revenue	$	57,604	$	144,620	$	(30,992)	$	171,232

Premiums retained by agents (2)	$	—	$	120,100	$	(30,992)	$	89,108
Direct labor (3)	27,027		3,185		—		30,212
Other direct costs (4)	7,718		2,317		—		10,035
Provision for claims	388		4,435		—		4,823
Adjusted gross profit	$	22,471	$	14,583	$	—	$	37,054

_________________

(1)Includes fee income from closings, escrow, title exams, ceding commission income, as well as premiums retained by Direct Agents.

(2)This expense represents a deduction from the net premiums written for the amounts that are retained by Direct Agents and Third-Party Agents as compensation for their efforts to generate premium income for our Underwriting segment. The impact of premiums retained by our Direct Agents and the expense for reinsurance or co-insurance procured on Direct Agent sourced premiums are eliminated in consolidation.

(3)Includes all compensation costs, including salaries, bonuses, incentive payments, and benefits, for personnel involved in the direct fulfillment of title and/or escrow services.

(4)Includes title examination expense, office supplies, and premium and other taxes.

The following table provides a reconciliation of the Company’s total reportable segments’ adjusted gross profit to its total loss before income taxes:


	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
Adjusted gross profit	$	29,535	$	22,581	$	58,657	$	37,054
Depreciation and amortization	3,021		899		5,727		2,016
Corporate and other expenses (1)	45,151		26,650		79,841		54,305
Interest expense	4,451		1,123		7,810		3,235
Loss before income taxes	$	(23,088)	$	(6,091)	$	(34,721)	$	(22,502)

_________________

(1)Includes corporate and other costs not allocated to segments including corporate support function costs, such as legal, finance, human resources, technology support and certain other indirect operating expenses, such as sales and management payroll, and incentive related expenses.

As of June 30, 2021 and December 31, 2020 the Distribution segment had allocated goodwill of $88.1 million and the Underwriting segment had allocated goodwill of $23.4 million.

Segment informationThe Company’s chief operating decision maker reviews financial performance and makes decisions about the allocation of resources for our operations through two reportable segments, (1) Distribution and (2) Underwriting. The Company’s reportable segments offer different products and services that are marketed through different

channels for real estate closing transactions. They are managed separately because of the unique technology, service requirements and regulatory environment.

A description of each of our reportable segments is as follows.

•Distribution: Our Distribution segment reflects our Direct Agents operations of acquiring customer orders and providing title and escrow services for real estate closing transactions. We acquire customers through our partnerships with realtors attorneys and non-centralized loan originators via an 80-branch footprint across nine states1 (“Local”) and our target partnerships with national lenders and mortgage originators that maintain centralized lending operations representing our strategic and enterprise accounts (“S&EA”).

•Underwriting: Our Underwriting segment reflects the results of our title insurance underwriting business, including policies referred through our Direct Agents and Third-Party Agents channels. The referring agents typically retain approximately 85% of the policy premiums in exchange for their services.

The following table summarizes the operating results of the Company’s reportable segments:


	Year ended December 31, 2020
	Distribution		Underwriting		Eliminations		Consolidated total
Net premiums written	$	—	$	345,608	$	—	$	345,608
Escrow, other title-related fees and other (1)	129,590		2,099		(70,414)		61,275
Investment, dividend and other income	699		2,232		—		2,931
Total revenue	$	130,289	$	349,939	$	(70,414)	$	409,814

Premiums retained by agents (2)	$	—	$	290,557	$	(70,414)	$	220,143
Direct labor (3)	55,334		6,820		—		62,154
Other direct costs (4)	16,912		3,623		—		20,535
Provision for claims	1,415		13,922		—		15,337
Adjusted gross profit	$	56,628	$	35,017	$	—	$	91,645


	Year ended December 31, 2019
	Distribution		Underwriting		Eliminations		Consolidated total
Net premiums written	$	—	$	292,707	$	—	$	292,707
Escrow, other title-related fees and other (1)	129,632		873		(68,488)		62,017
Investment, dividend and other income	956		2,405		—		3,361
Total revenue	$	130,588	$	295,985	$	(68,488)	$	358,085

Premiums retained by agents (2)	$	—	$	246,753	$	(68,488)	$	178,265
Direct labor (3)	55,138		5,776		—		60,914
Other direct costs (4)	15,751		4,367		—		20,118
Provision for claims	1,552		10,733		—		12,285
Adjusted gross profit	$	58,147	$	28,356	$	—	$	86,503


	Year ended December 31, 2018
	Distribution		Underwriting		Eliminations		Consolidated total
Net premiums written	$	—	$	—	$	—	$	—
Escrow, other title-related fees and other (1)	36		10		—		46
Investment, dividend and other income	117		22		—		139
Total revenue	$	153	$	32	$	—	$	185

Premiums retained by agents (2)	$	—	$	—	$	—	$	—
Direct labor (3)	—		—		—		—
Other direct costs (4)	97		—		—		97
Provision for claims	—		—		—		—
Adjusted gross profit	$	56	$	32	$	—	$	88

_______________

(1)Includes fee income from closings, escrow, title exams, ceding commission income, as well as premiums retained by Direct Agents.

(3)Includes all compensation costs, including salaries, bonuses, incentive payments, and benefits, for personnel involved in the direct fulfillment of title and/or escrow services.

(4)Includes title examination expense, office supplies, and premium and other taxes.

The following table provides a reconciliation of the Company’s total reportable segments’ adjusted gross profit to its total loss before income taxes:


	Year ended December 31, 2020		Year ended December 31, 2019		Year ended December 31, 2018
Adjusted gross profit	$	91,645	$	86,503	$	88
Depreciation & amortization	5,815		1,880		10
Corporate and other expenses (1)	114,511		102,091		12,100
Interest expense	5,579		9,282		332
Loss before income taxes	$	(34,260)	$	(26,750)	$	(12,354)

_______________

Goodwill by reportable segment and activity for fiscal 2020 and 2019 is as follows:


	Distribution		Underwriting		Total
Balance, December 31, 2018	$	—	$	—	$	—
Goodwill acquired during the year	88,437		23,509		111,946
Adjustments to goodwill	(363)		(96)		(459)
Impairment	—		—		—
Balance, December 31, 2019	88,074		23,413		111,487
Adjustments to prior year acquisitions	—		—		—
Balance, December 31, 2020	$	88,074	$	23,413	$	111,487

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Income tax

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Income tax

The Company’s income tax expense is as follows:


	Year ended December 31
	2020		2019		2018
Current:
Federal	$	—	$	—	$	—
State	144		110		—
Total Current	$	144	$	110	—

Deferred:
Federal	$	101	$	217	$	—
State	598		60		—
Total Deferred	$	699	$	277	$	—
Total	$	843	$	387	$	—

The Company’s income tax expense differs from the benefits computed by applying the federal income tax rate of 21% to loss before income taxes. A reconciliation of these differences is as follows:


	Year ended December 31
	2020		%		2019		%		2018		%
Benefit calculated at federal income tax rate	$	(7,195)	21.0	%	$	(5,617)	21.0	%	$	(2,594)	21.0	%
Change in valuation allowance	11,707		(34.2)		6,871		(25.7)		2,986		(24.0)
State tax benefit	(2,473)		7.1		(1,261)		4.7		(965)		8.0
Federal benefit on state tax	520		(1.5)		265		(1.0)		203		(2.0)
Change in state tax rate	(1,746)		5.1		108		(0.4)		—		—
Permanent differences, net	(57)		0.2		(56)		0.2		370		(3.0)
Other, net	87		(0.2)		77		(0.3)		—		—
Income tax expense	$	843	(2.5)	%	$	387	(1.5)	%	$	—	—	%

The significant components of deferred tax assets and liabilities consist of the following:


	December 31
	2020		2019
Deferred tax assets:
Net operating loss	$	12,765	$	5,356
Accrued compensation	5,334		2,505
Interest expense	2,621		1,979
Statutory premium reserve	2,119		1,745
Start-up costs	1,142		937
Deferred lease obligation	385		343
Stock-based compensation expense	852		33
Investments	407		394
Intangibles assets	653		115
Allowance for doubtful accounts	138		112
Debt issuance costs	58		61
Loss reserves	209		31
Other, net	13		—
Less valuation allowance	(23,330)		(11,623)
Total deferred tax assets	$	3,366	$	1,988

Deferred tax liabilities:
Intangibles assets	$	(2,347)	$	(992)
Other reserves	(927)		(715)
Title plants	(680)		(393)
Unrealized gain on investments	(249)		(98)
Fixed assets	(140)		(67)
Total deferred tax liabilities	$	(4,343)	$	(2,265)
Net deferred tax liability	$	(977)	$	(277)

Property, Plant and Equipment [Abstract]

Fixed assets

12 Months Ended

Dec. 31, 2020

Fixed assets

Fixed assets consist of the following:


	December 31
	2020		2019
Furniture and equipment	$	7,948	$	7,021
Computer equipment	3,092		1,557
Leasehold improvements	3,264		3,152
Software	3,827		2,851
Internally developed software	17,343		4,261
Total fixed assets, gross	$	35,474	$	18,841
Accumulated depreciation and amortization	(13,813)		(11,254)
Total fixed assets, net	$	21,661	$	7,587

Depreciation and amortization on fixed assets was $3.5 million and $1.0 million for the years ended December 31, 2020 and 2019, respectively. There was no depreciation or amortization expense on fixed assets for the year ended December 31, 2018.

The following table reflects the composition of net gains or losses for the sales of fixed assets for each of the years shown below:


	Year ended December 31
	2020		2019		2018
Gains (losses):
Fixed assets:
Gains	$	259	$	—	$	—
Losses	(128)		(71)		—
Total net gains (losses)	$	131	$	(71)	$	—

Within each respective period, internally developed software and acquired software consist of the following:


	Year ended December 31
	2020		2019
Internally developed software	$	13,082	$	4,261
Accumulated amortization	(1,888)		—
Internally developed software, net	$	11,194	$	4,261
Acquired software	1,470		2,851
Accumulated amortization	(16)		(2,352)
Acquired software, net	$	1,453	$	499

Amortization expense on internally developed software was $1.9 million for the year ended December 31, 2020. There was no amortization expense on internally developed software for the years ended December 31, 2019 and 2018. Amortization expense for internally developed software owned at December 31, 2020 is expected to be $3.5 million per year for the years ended December 31, 2021 through December 31, 2024, and $1.6 million for the year ended December 31, 2025. Unamortized internally developed software development costs as of December 31, 2020 and 2019 are included in fixed assets, net on the consolidated balance sheets.

Debt

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Debt Disclosure [Abstract]

Debt

Senior first lien note

On December 31, 2020, the Company executed an agreement with Hudson Structured Capital Management Ltd. (“HSCM”) to secure a $150 million Senior First Lien Note (“Senior Debt”). On January 14, 2021 the Company executed a notice of borrowing, committing the Company to borrow $150 million under the terms and conditions of the Senior Debt. The Senior Debt was funded, by the lenders, which are affiliates of HSCM on January 29, 2021 (“Funding Date”). The Senior Debt matures 5 years from the Funding Date. Under the agreement, the Senior Debt will bear interest of 11.25% per annum, 5.0% of which will be paid on a current cash basis and the remainder to accrue and be added to the outstanding principal balance. Interest shall be compounded quarterly. If at any time the Company is in an event of default under the Senior Debt, outstanding amounts shall bear interest at the default interest rate of 15.00%. Upon funding, the Company issued penny warrants to affiliates of HSCM equal to 1.35% of the Company’ fully diluted shares. The warrants have a 10-year duration, subject to customary anti-dilution provisions, and include a cashless exercise option. The Senior Debt is secured by a first-priority pledge and security interest in all of the assets (tangible and intangible) of the Company and any of its existing and future domestic subsidiaries. The Company is subject to customary affirmative, negative and financial covenants, including, among other things, minimum liquidity at all times of $20 million, minimum consolidated revenue of $130 million, limits on the incurrence of indebtedness, restrictions on asset sales outside the ordinary course of business and material acquisitions, limitations on dividends and other restricted payments. The Senior Debt also includes customary events of default for facilities of this type and provides that, if an event of default occurs and is continuing, the Senior Debt will amortize requiring regular payments on a straight-line basis over the proceeding 24-month calendar period, but not to extend beyond the maturity date.

Loan from a related party

As part of the North American Title Acquisition, Lennar issued the Company a note for $87.0 million at the Close Date (the “Loan”). As of December 31, 2020, the Loan had an outstanding balance of $65.5 million. The Loan was paid in full in January 2021. Upon repayment of the Loan, Lennar forfeited its seat on the board of directors that was associated with the Loan.

Debt

Senior first lien note

On December 31, 2020, the Company executed an agreement with Hudson Structured Capital Management (“HSCM”) to secure a $150 million Senior First Lien Note (“Senior Debt”). The Senior Debt was funded on January 29, 2021 (“Funding Date”). The Senior Debt matures 5 years from the Funding Date. Under the agreement, the Senior Debt will bear interest of 11.25% per annum, 5.0% of which will be paid on a current cash basis and the remainder to accrue and be added to the outstanding principal balance. Interest shall be compounded quarterly. If at any time the Company is in an event of default under the Senior Debt, outstanding amounts shall bear interest at the default interest rate of 15.00%. Upon funding, the Company issued penny warrants to affiliates of HSCM equal to 1.35% of the Company’ fully diluted shares. The warrants have a 10-year duration, subject to customary anti-dilution provisions, and include a cashless exercise option. The Senior Debt will be secured by a first-priority pledge and security interest in all of the assets (tangible and intangible) of the Company and any of its existing and future domestic subsidiaries. The Company is subject to customary affirmative, negative and financial covenants, including, among other things, minimum liquidity at all times of $20 million, minimum consolidated revenue of $130 million, limits on the incurrence of indebtedness, restrictions on asset sales outside the ordinary course of business and material acquisitions, limitations on dividends and other restricted payments. The Senior Debt also includes customary events of default for facilities of this type and provides that, if an event of default occurs and is continuing, the Senior Debt will amortize requiring regular payments on a straight-line basis over the proceeding 24-month calendar period, but not to extend beyond the maturity date.

Loan from a related party

As part of the North American Title Acquisition, Lennar issued the Company a note for $87.0 million at the Close Date (the “Loan”).

The Loan matures on January 7, 2029, with provisions for an acceleration of maturity in the event of default. Principal payments of 2.5% per annum of the outstanding principal balance were due each month from January 2020 until the loan was repaid January 29, 2021. Quarterly, the Company prepared a cash flow computation defined in the Loan agreement and was required to remit any excess funds determined by that computation as a prepayment of Loan principal.

Each month, the unpaid principal balance was increased for paid-in-kind interest computed at a rate of 3.5% per annum. Paid-in-kind interest was considered and referred to as principal when accrued. Interest was calculated monthly on the outstanding Loan principal at a rate computed each month. Interest was computed as the LIBOR one-month rate plus a fixed rate of 5.0% per annum until the repayment of the Loan. On a monthly basis, the Company met certain criteria, as such the interest portion of the Loan was paid-in-kind whereby the interest was not paid, but instead became part of the then outstanding principal balance on the Loan.

The Loan contained covenants including monthly, quarterly and annual financial reporting requirements, timely notice requirements on the occurrence of significant events such as litigation or insurance events, and limitations on the sale of equity interests and assets. The Company was in compliance with all Loan covenants at December 31, 2020.

The Company repaid $4.0 million of Loan principal at the Close Date with excess operating cash. On October 10, 2019, the Company made additional borrowings of $4.0 million under the Loan in connection with a settlement of amounts due between the Company and Lennar for shared services rendered under a transition services agreement (see Note 14 for additional information). On December 5, 2019, Lennar received 732,891 shares of Series C

preferred stock of the Company in exchange for $8.9 million of cash, or $12.09 per share. The Company, in turn, used this cash to repay principal on the Loan of the same amount.

The Loan consisted of the following:


	December 31
	2020		2019
Loan balance	$	65,532	$	87,500
Outstanding principal	65,484		87,316
Accrued interest	48		184

During the year ended December 31, 2020, $6.5 million of interest was treated as paid-in-kind and added to the principal balance. Principal payments on the Loan of $28.4 million were made during the year ended December 31, 2020 and the Loan was paid in full in January 2021 (see Note 21 for additional information). Upon repayment of the Loan, Lennar forfeited its seat on the board of directors that was associated with the Loan.

Convertible notes

The convertible notes qualify as a derivative and hedging instrument under ASC 825, Derivatives and Hedging. Effective on the date of each convertible note, the Company elected the fair value option under ASC 825-10-15, Financial Instruments, on the principal portions of the convertible notes. The Company has elected the fair value option to measure the carrying value of convertible notes as of the dates of the consolidated balance sheets presented.

As disclosed in Note 11, on the Close Date, the Company’s convertible notes were converted to Series A-1 preferred stock and Series A-2 preferred stock in the Company.

Note payable associated with acquisition of FTS Agency

During 2019, the Company repaid the $0.5 million promissory note that was used on the Close Date related to the acquisition of the remaining 49% interest in FTS Agency.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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Stockholders’ equity

12 Months Ended

Dec. 31, 2020

Stockholders’ equity

North American Title Acquisition

Series B preferred stock and Series C preferred stock capital raise

On June 17, 2019, the Company completed the sale of 2,642,036 shares of its Series B preferred stock for proceeds of $25.0 million, net of financing costs, representing $9.46 per share.

In the first quarter of 2020, the Company raised $70.7 million, net of financing costs, from the sale of 5,849,302 shares of its Series C preferred stock representing $12.09 per share.

Preferred stock

Following is a presentation of the key characteristics and shares outstanding for each class of the Company’s preferred stock as of December 31, 2020:


Preferred Stock Class	Issue Date	Price	Dividend Rate	Conversion Price	Liquidation Preference	Shares Outstanding
		$	$	$	$
Series A	Close Date (1)	1.41	0.1129	1.41	1.41	7,295,759
Series A – 1	Close Date (1)	7.16	0.5727	7.16	7.16	8,159,208
Series A – 2	Close Date (2)	5.73	0.4581	5.73	5.73	2,335,837
Series B	6/17/2019	9.46	0.757	9.46	9.46	2,642,036
Series C	12/05-3/15/2020	12.09	0.967	12.09	12.09	10,119,484

_______________

(1)Shares exchanged for Legacy States Title shares in the North American Title Acquisition at a presumed fair value of $1.41 per share (see Note 1 for additional information).

(2)Shares exchanged for convertible notes in the North American Title Acquisition at the price noted (see Note 10 for additional information).

The following terms are applicable to all classes of the Company’s preferred stock.

Common stock

Holders of common stock are entitled to one vote for each share held. Common stock is entitled to receive dividends, when, and if declared by the board of directors.

As of December 31, 2020, there were 10,480,902 common shares issued and outstanding.

Conversion of convertible notes

Share-based Payment Arrangement [Abstract]

Stock compensation expense

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Stock compensation expense

The Company issues stock options (incentive stock options (“ISOs”) and non-statutory stock options (“NSOs”)) and restricted stock awards (“RSAs”) to employees and key advisors under the Company’s 2019 Equity Incentive Plan, which has been approved by the board of directors. Granted stock options do not expire for 10 years and have vesting periods ranging from 7 to 60 months. The holder of the stock option may purchase one share of common stock.

Stock-based compensation expense for the three months ended June 30, 2021 and 2020 was $3.7 million and $0.3 million, respectively. Stock-based compensation expense for the six months ended June 30, 2021 and 2020 was $6.0 million and $0.6 million, respectively.

Stock options (ISO and NSO)

During the six months ended June 30, 2021, the Company had the following stock option activity:


	Number of Stock Options	Weighted Average Exercise Price ($)		Weighted Average Remaining Contractual Life (In years)	Aggregate Intrinsic Value ($)

Outstanding as of December 31, 2020	4,447,546	$	3.17	8.5	$	51,186
Granted	769,500	4.25		9.5
Exercised	(524,875)	2.61		7.52
Cancelled or forfeited	(119,643)	3.79		8.5
Outstanding as of June 30, 2021	4,572,528	$	3.40	8.25	$	237,993

Options exercisable as of June 30, 2021	1,430,618	$	2.67	7.73	$	75,505

Restricted stock awards (RSAs)

During the six months ended June 30, 2021, the Company had the following nonvested RSA activity:


	Number of RSAs	Average Grant Date Fair Value ($)
Nonvested at December 31, 2020	258,862	$	3.12
Granted	—	—
Exercised	(71,761)	2.19
Cancelled or Forfeited	—	—
Nonvested at June 30, 2021	187,101	$	3.48

Stock compensation expense

Stock-based compensation expense for the years ended December 31, 2020, 2019 and 2018 was $2.5 million, $0.9 million and $0.1 million, respectively.

Stock options (ISO and NSO)

Following are the weighted average assumptions utilized in the valuation of grants issued:


	Year ended December 31
	2020		2019		2018
Volatility	38.0	%	31.1	%	31.1	%
Dividend yield	0.0	%	0.0	%	0.0	%
Expected term (years)	6.1		7.0		7.2
Risk free rate	0.8	%	2.5	%	2.7	%

During the year ended December 31, 2020, the Company had the following stock option activity:


	Number of Stock Options	Weighted Average Exercise Price ($)		Weighted Average Remaining Contractual Life (In years)	Aggregate Intrinsic Value ($)
Outstanding as of December 31, 2017	448,440	$	0.14	8.20	$	26,916
Granted	360,912	0.17		9.26
Exercised	(41,058)	0.15		8.79
Cancelled or forfeited	(82,973)	0.14		8.80
Outstanding as of December 31, 2018	685,321	$	0.15	8.65	$	44,648

Options exercisable as of December 31, 2018	172,085	$	0.14	8.43	$	12,660

Outstanding as of December 31, 2018	685,321	0.15		8.65
Granted	3,355,730	2.97		9.14
Exercised	(201,196)	0.68		8.06
Cancelled or forfeited	(315,660)	2.26		8.71
Outstanding as of December 31, 2019	3,524,195	$	2.62	8.96	$	4,734,928

Options exercisable as of December 31, 2019	591,888	$	1.11	7.98	$	1,684,495

Outstanding as of December 31, 2019	3,524,195	2.62		8.96
Granted	1,594,720	4.25		9.57
Exercised	(216,641)	1.90		7.67
Cancelled or forfeited	(454,728)	3.26		8.45
Outstanding as of December 31, 2020	4,447,546	$	3.17	8.50	$	51,185,926

Options exercisable as of December 31, 2020	1,736,209	$	2.24	7.81	$	21,606,639

The total fair value of options vested during the years ended December 31, 2020, 2019 and 2018 were $1.5 million, $0.3 million and $0.1 million, respectively.

The weighted-average grant date fair value of stock options granted during the years ended December 31, 2020, 2019, and 2018 were $8.42, $1.14 and $0.07, respectively.

As of December 31, 2020, there was $13.5 million of stock-based compensation expense that had yet to be recognized related to nonvested stock option grants. The weighted-average period over which this unrecognized stock-based compensation expense is expected to be recognized is 2.54 years.

Restricted stock awards (RSAs)

Following is activity for nonvested RSAs:


	Number of RSAs	Average Grant Date Fair Value ($)
Nonvested at December 31, 2017	224,010	$	0.14
Granted	10,000	0.14
Exercised	(78,420)	0.14
Cancelled or Forfeited	—	—
Nonvested at December 31, 2018	155,590	0.14
Granted	346,737	2.17
Exercised	(89,897)	0.96
Cancelled or Forfeited	—	—
Nonvested at December 31, 2019	412,430	$	2.81
Granted	—	—
Exercised	(153,568)	2.30
Cancelled or Forfeited	—	—
Nonvested at December 31, 2020	258,862	$	3.12

The total fair value of RSAs which vested in the years ended December 31, 2020, 2019 and 2018 was $0.4 million, $0.1 million and $0.0 million, respectively.

As of December 31, 2020, there was $0.8 million of stock-based compensation expense that had yet to be recognized related to nonvested RSAs. The weighted-average period over which this unrecognized stock-based compensation expense is expected to be recognized is 2.59 years.

Earnings per share

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Earnings Per Share [Abstract]

Earnings per share

The calculation of the basic and diluted EPS is as follows:


	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
Numerator
Net loss attributable to Doma Holdings, Inc.	$	(23,299)	$	(6,332)	$	(35,057)	$	(22,918)

Denominator
Weighted-average common shares – basic and diluted	11,667,266		9,950,920		11,457,724		10,231,489

Net loss per share attributable to Doma Holdings, Inc. shareholders
Basic and diluted	$	(2.00)	$	(0.64)	$	(3.06)	$	(2.24)

Earnings per share

The calculation of the basic and diluted EPS is as follows:


	Year ended December 31,
	2020		2019		2018
Numerator
Net loss attributable to Doma Holdings, Inc.	$	(35,103)	$	(27,137)	$	(12,047)

Denominator
Weighted-average common shares – basic and diluted	10,390,006		10,060,857		10,098,071

Net loss per share attributable to Doma Holdings, Inc. shareholders
Basic and diluted	$	(3.38)	$	(2.70)	$	(1.19)

Related party transactions	6 Months Ended	12 Months Ended
Related party transactions	Jun. 30, 2021	Dec. 31, 2020
Related Party Transactions [Abstract]
Related party transactions	Related party transactions Equity held by Lennar In connection with the North American Title Acquisition, subsidiaries of Lennar were granted equity in the Company. As of June 30, 2021, Lennar, through its subsidiaries, held a 26.1% equity stake in the Company on a fully diluted basis. Loan from Lennar In connection with the North American Title Acquisition, the Company received the Loan from Lennar. The Loan was repaid in full in January 2021 (see Note 7 for additional information). Shared services agreements between the Company and Lennar In connection with the North American Title Acquisition, the Company and Lennar entered into a transition services agreement (“TSA”) that provided for certain shared services provided by Lennar to the Company as it incorporated the Acquired Business into its operations, and also for the sharing of expenses in office locations that would contain both Company and Lennar personnel until such time one entity or the other, depending on the location, established separate office space for its personnel and operations. During the three and six months ended June 30, 2020, the Company paid Lennar $0.3 million in settlement of the TSA services arrangement. Additionally, during the six months ended June 30, 2021 and 2020, the Company paid Lennar approximately $0.1 million for rent associated with shared spaces. Transactions with Lennar In the routine course of its business, North American Title Insurance Company ("NATIC") underwrites title insurance policies for a subsidiary of Lennar. During the three months ended June 30, 2021 and 2020, the Company recorded revenues of $27.0 million and $24.3 million, respectively, from these transactions, which are included within our Underwriting segment. During the three months ended June 30, 2021 and 2020, the Company recorded premiums retained by third-party agents of $22.0 million and $19.7 million, respectively from these transactions. During the six months ended June 30, 2021 and 2020, the Company recorded revenues of $51.6 million and $41.3 million, respectively, from these transactions. During the six months ended June 30, 2021 and 2020, the Company recorded premiums retained by third-party agents of $41.8 million and $33.6 million, respectively from these transactions. As of June 30, 2021 and December 31, 2020, the Company had net receivables related to these transactions of $3.4 million and $4.4 million, respectively. These amounts are included in receivables, net on the Company's condensed consolidated balance sheets.	Related party transactions Equity held by Lennar In connection with the North American Title Acquisition, subsidiaries of Lennar were granted 7,004,797 shares of Series A-1 preferred stock and warrants to purchase 4,815,798 shares of Series A-1 preferred stock (see Note 1 for additional information). On June 17, 2019, a subsidiary of Lennar purchased 1,081,810 shares of Series B preferred stock for $10.2 million, or $9.46 per share. On December 5, 2019, a subsidiary of Lennar purchased 732,891 shares of Series C preferred stock for $8.9 million, which the Company applied as a prepayment of a portion of the principal on the Loan for the same amount (see Note 10 for additional information). As of December 31, 2020, Lennar, through its subsidiaries, held a 26.4% equity stake in the Company on a fully diluted basis. Loan from Lennar In connection with the North American Title Acquisition, the Company received the Loan from Lennar. See Note 10 for additional information including amounts paid for principal and interest during the years ended December 31, 2020 and 2019. Shared services agreements between the Company and Lennar In connection with the North American Title Acquisition, the Company and Lennar entered into a transition services agreement (“TSA”) that provided for certain shared services provided by Lennar to the Company as it incorporated the Acquired Business into its operations, and also for the sharing of expenses in office locations that would contain both Company and Lennar personnel until such time one entity or the other, depending on the location, established separate office space for its personnel and operations. During the year ended December 31, 2020, the Company paid Lennar $0.3 million related to TSA services. During the year ended December 31, 2019, the Company paid Lennar $3.9 million for TSA services rendered by Lennar, and Lennar paid the Company $2.5 million for TSA services rendered by the Company. Additionally, during the years ended December 31, 2020 and 2019, the Company paid Lennar $0.2 million and $0.2 million, respectively, for rent associated with shared spaces. As of December 31, 2020, there was no amount owed to, or due from, Lennar for services rendered under the TSA. As of December 31, 2019, the net amount owed to Lennar by the Company for services rendered under the TSA was $0.4 million. Transactions with Lennar In the routine course of its business, North American Title Insurance Company ("NATIC") underwrites title insurance policies for a subsidiary of Lennar. During the year ended December 31, 2020 and 2019, the Company recorded revenues of $88.6 million and $73.1 million, respectively, from these transactions, which are included within our Underwriting segment. During the year ended December 31, 2020 and 2019, the Company recorded premiums retained by third-party agents of $71.2 million and $59.9 million, respectively from these transactions. As of December 31, 2020 and 2019, the Company had net receivables related to these transactions of $4.4 million and $0.9 million, respectively. These amounts are included in receivables, net on the consolidated balance sheets.

Commitment and contingencies

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Commitments and contingencies

Legal matters

Commitments and other contingencies

As of June 30, 2021, total future commitments on non-cancelable operating leases with a minimum remaining term in excess of one year are as follows:


2021	$	4,129
2022	6,985
2023	5,722
2024	4,336
2025	2,721
2026	709
Total	$	24,602

Commitments and contingencies

Legal matters

Commitments and other contingencies

disposes of escrowed assets). Such contingent liabilities have not materially impacted the results of operations or financial condition to date and are not expected to do so in the near term.

As of December 31, 2020, total future commitments on non-cancelable operating leases with a minimum remaining term in excess of one year are as follows:


2021	$	7,473
2022	5,874
2023	4,660
2024	3,435
2025	2,118
2026	219
Total	$	23,779

Accumulated other comprehensive income

12 Months Ended

Dec. 31, 2020

Accumulated other comprehensive income

Following is a summary of the changes in each component of accumulated other comprehensive income:


	Year ended December 31
	2020		2019		2018
Unrealized gains on available-for-sale debt securities
Beginning balance at January 1	$	510	$	—	$	—
Pre-tax change	236		683		—
Tax effect	(60)		(173)		—
Total other comprehensive income, net of tax	$	686	$	510	$	—

Accrued expenses and other liabilities

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Payables and Accruals [Abstract]

Accrued expenses and other liabilities

Accrued expenses and other liabilities include the following:


	June 30, 2021		December 31, 2020
Employee compensation and benefits	$	23,168	$	23,899
Other	15,239		9,145
Total accrued expenses and other liabilities	$	38,407	$	33,044

Accrued expenses and other liabilities

Accrued expenses and other liabilities include the following:


	December 31
	2020		2019
Employee compensation and benefits	$	23,899	$	16,575
Other	9,145		8,111
Total accrued expenses and other liabilities	$	33,044	$	24,686

Employee benefit plan	6 Months Ended	12 Months Ended
Employee benefit plan	Jun. 30, 2021	Dec. 31, 2020
Retirement Benefits [Abstract]
Employee benefit plan	Employee benefit plan The Company sponsors a defined contribution 401(k) plan for its employees. The 401(k) plan is a voluntary contributory plan under which employees may elect to defer compensation for federal income tax purposes under Section 401(k) of the Internal Revenue Code of 1986 (the code). All employees age 18+ are eligible to enroll in the plan on their first day of employment. The Company provides an employer match up to 50% of the first 6% of elective contributions. There are no matching contributions in excess of 3% of compensation. Company matching contributions begin upon employee enrollment in the Retirement Savings Plan. For the year ended December 31, 2020, the Company made contributions for the benefit of employees of $0.9 million from January 1, 2020 through May 15, 2020. The Company suspended the employer match effective May 16, 2020 and made no contributions for the benefit of employees to the Retirement Savings Plan for the rest of the year through December 31, 2020. The temporary suspension was due to the COVID-19 pandemic and its potential impact on the business, which was not estimable at the time. On January 1, 2021, the Company reinstated matching contributions to the Retirement Savings Plan, according to the aforementioned terms, rates, and limitations. For the three months ended June 30, 2021 and 2020, the Company made contributions for the benefit of employees of $0.6 million and $0.3 million to the 401(k) plan. For the six months ended June 30, 2021 and 2020, the Company made contributions for the benefit of employees of $1.3 million and $0.9 million to the 401(k) plan.	Employee benefit plan The Company sponsors a defined contribution 401(k) plan for its employees. The 401(k) plan is a voluntary contributory plan under which employees may elect to defer compensation for federal income tax purposes under Section 401(k) of the Internal Revenue Code of 1986 (the code). All employees age 18+ are eligible to enroll in the plan on their first day of employment. The Company provides an employer match up to 50% of the first 6% of elective contributions. There are no matching contributions in excess of 3% of compensation. Company matching contributions begin upon employee enrollment in the Retirement Savings Plan. For the year ended December 31, 2020, the Company made contributions for the benefit of employees of $0.9 million from January 1, 2020 through May 15, 2020. The Company suspended the employer match effective May 16, 2020 and made no contributions for the benefit of employees to the Retirement Savings Plan for the rest of the year through December 31, 2020. The temporary suspension was due to the COVID-19 Pandemic and its potential impact on the business, which was not estimable at the time. For the years ended December 31, 2019 and 2018 the Company made contributions for the benefit of employees of $1.6 million and $0, respectively, to the 401(k) plan.

Research and development	6 Months Ended	12 Months Ended
Research and development	Jun. 30, 2021	Dec. 31, 2020
Research and Development [Abstract]
Research and development	Research and developmentFor the three months ended June 30, 2021 and 2020, research and development expenses were $3.1 million and $1.2 million, respectively. The Company also had capitalized internally developed software costs of $4.7 million and $2.8 million in the three months ended June 30, 2021 and 2020, respectively. Inclusive of capitalized internally developed software costs, our research and development spend was $7.8 million and $4.0 million for the three months ended June 30, 2021 and 2020, respectively. For the six months ended June 30, 2021 and 2020, research and development expenses were $5.5 million and $2.8 million, respectively. The Company also had capitalized internally developed software costs of $8.8 million and $5.2 million in the six months ended June 30, 2021 and 2020, respectively. Inclusive of internally developed software costs, our research and development spend was $14.3 million and $8.0 million for the six months ended June 30, 2021 and 2020, respectively. Our research and development costs reflect certain payroll-related costs of employees directly associated with such activities, which are included in personnel costs on the condensed consolidated statements of operations. Capitalized internally developed software and acquired software costs are included in fixed assets, net on the condensed consolidated	Research and development For the years ended December 31, 2020 and 2019, research and development expenses, were $5.3 million and $9.8 million, respectively. These amounts exclude $13.1 million and $4.3 million in 2020 and 2019, respectively, of capitalized internally developed software costs. Our research and development costs reflect certain payroll-related costs of employees directly associated with such activities, which are included in personnel costs on the consolidated statements of operations. For the year ended December 31, 2018, our total operating costs of $10.6 million were primarily associated with research and development activities.

Recent developments - Transaction with Capitol Investment Corp. V	6 Months Ended
	Jun. 30, 2021
Reverse Recapitalization [Abstract]
Recent developments - Transaction with Capitol Investment Corp. V	Recent developments – Transaction with Capitol Investment Corp. V On March 2, 2021, the Company entered into a merger agreement with Capitol Investment Corp. V (“Capitol”), a blank check company incorporated in the State of Delaware and formed for the purpose of effecting a merger. Pursuant to the agreement, a newly formed subsidiary of Capitol was merged with and into Doma (“the Business Combination”). Pursuant to a special meeting in lieu of an annual meeting, on July 27, 2021 Capitol’s stockholders approved the business combination. On July 28, 2021 (the “Closing Date”) the Business Combination was consummated and Doma survived the merger and became a wholly-owned subsidiary of Capitol, which was renamed Doma Holdings, Inc. The Business Combination was accounted for as a reverse recapitalization and Capitol will be treated as the acquired company for financial statement reporting purposes. Doma was deemed the predecessor and New Doma will be the successor SEC registrant, meaning that Doma’s financial statements for periods prior to the consummation of the Business Combination will be disclosed in Doma’s future periodic reports. No goodwill or other intangible assets were recorded, in accordance with GAAP. The Business Combination will have a significant impact on Doma’s future reported financial position and results as a consequence of the reverse capitalization. The most significant change in Doma’s future reported financial position and results is an estimated net increase in cash (as compared to our consolidated balance sheet at June 30, 2021) of approximately $266.5 million. The increase in cash includes approximately $50.2 million in proceeds from Capitol, net of redemptions, and $300.0 million in proceeds from the private investment in public equity (“PIPE Investment”) that was consummated substantially simultaneously with the Business Combination. These increases in cash were offset by additional transaction costs incurred in connection with the Business Combination. The total estimated transaction costs directly attributable to the Business Combination are approximately $65.7 million, of which $12.1 million represents deferred underwriter fees related to Capitol’s initial public offering.

Regulation and statutory financial information	12 Months Ended
Regulation and statutory financial information	Dec. 31, 2020
Insurance [Abstract]
Regulation and statutory financial information	Regulation and statutory financial information The Company’s insurance businesses, NATIC, States Title Insurance Company and States Title of California, as well as its agency businesses, States Title Central and North American Title Company, are subject to extensive regulation under applicable state laws. Each of the insurance underwriters is subject to a holding company act in its state of domicile which regulates, among other matters, the ability to pay dividends and enter into transactions with affiliates. The laws of most states in which the Company transacts business establish supervisory agencies with broad administrative powers relating to issuing and revoking licenses to transact business, regulating trade practices, licensing agents, approving title insurance policy forms, accounting practices, financial practices, establishing reserve and capital and surplus as regards policyholders (“capital and surplus”) requirements, defining suitable investments for reserves and capital and surplus and approving rate schedules. The process of state regulation of changes in rates ranges from states which set rates, to states where individual companies or associations of companies prepare rate filings which are submitted for approval, to a few states in which rate changes do not need to be filed for approval. Since we are regulated by both state and federal governments and the applicable insurance laws and regulations are constantly subject to change, it is not possible to predict the potential effects on our insurance operations of any laws or regulations that may become more restrictive in the future or if new restrictive laws will be enacted. Our insurance subsidiaries are subject to regulations that restrict their ability to pay dividends or make other distributions of cash or property to their immediate parent company without prior approval from the Department of Insurance of their respective states of domicile. As of December 31, 2020, $39.7 million of our net assets are restricted from dividend payments without prior approval from the Departments of Insurance. During 2021, our title insurance subsidiary can pay or make distributions to us of approximately $16.4 million, without prior approval. The combined statutory capital and surplus of our title insurers was approximately $39.7 million and $39.6 million as of December 31, 2020 and 2019, respectively. The combined statutory net income of our title insurance subsidiaries were $16.4 million and $9.9 million for the years ended December 31, 2020 and 2019, respectively. Statutory-basis financial statements are prepared in accordance with accounting practices prescribed or permitted by the various state insurance regulatory authorities. The National Association of Insurance Commissioners' (“NAIC”) Accounting Practices and Procedures manual (“NAIC SAP”) has been adopted as a component of prescribed or permitted practices by each of the states that regulate us. Each of our states of domicile for our title insurance underwriter subsidiaries have adopted a material prescribed accounting practice that differs from that found in NAIC SAP. Specifically, in both years, the timing of amounts released from the statutory unearned premium reserve under NAIC SAP differs from the states' required practice. Statutory surplus at December 31, 2020 and 2019, respectively, was lower by approximately $0.1 million and $0.8 million than if we had reported such amounts in accordance with NAIC SAP. Pursuant to statutory requirements of the various states in which our insurers are domiciled, such insurers must maintain certain levels of minimum capital and surplus. Required levels of minimum capital and surplus are not significant to the insurers individually or in the aggregate. Each of our insurers has complied with the minimum statutory requirements as of December 31, 2020. Effective December 31, 2020, States Title Insurance Company of California and States Title Insurance Company were merged into NATIC, and the three combined entities were re-domiciled to South Carolina. There are no other restrictions on our retained earnings regarding our ability to pay dividends to shareholders although there are limits on the ability of certain subsidiaries to pay dividends to us, as described above.

Subsequent events	6 Months Ended	12 Months Ended
Subsequent events	Jun. 30, 2021	Dec. 31, 2020
Subsequent Events [Abstract]
Subsequent events	Subsequent eventsThe Company has evaluated subsequent events through August 12, 2021, the date the condensed consolidated financial statements were available to be issued, noting no subsequent events or transactions aside from the aforementioned transaction with Capitol discussed in Note 15 that require disclosure.	Subsequent events On January 1, 2021, the Company reinstated matching contributions to the Retirement Savings Plan, according to the aforementioned terms, rates, and limitations. On January 29, 2021, the Company’s Senior Debt was fully funded for $150 million and the Company paid off the Loan from Lennar in the amount of $65.5 million using funds from the Senior Debt facility. Effective February 24, 2021, the Company will cede 25% of the written premium on our instantly underwritten policies, instead of 100% in connection with the Quota Share Treaty. On March 2, 2021, the Company entered into a merger agreement with Capitol Investment Corp. V (“Capitol”), a blank check company incorporated in the State of Delaware and formed for the purpose of effecting a merger. Pursuant to the agreement, a newly formed subsidiary of Capitol will be merged with and into Doma (“the Business Combination”). Upon the consummation of the Business Combination, Doma will survive and become a wholly-owned subsidiary of Capitol, which will be renamed Doma Holdings, Inc. The Company has evaluated subsequent events through March 18, 2021, the date the consolidated financial statements were available to be issued, noting no subsequent events or transactions aside from the aforementioned that require disclosure.

SEC Schedule, Article 12-09, Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2020

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule of Valuation and Qualifying Accounts


(In Thousands)	Balance at beginning of period		Charged to costs and expenses		Deductions		Balance at end of period
Year ended December 31, 2020:
Allowance for deferred tax assets	$	11,623	$	11,707	$	—	$	23,330
Liability for loss and loss adjustment expenses	62,758		15,337		8,295		69,800
Allowance for doubtful accounts	210		424		141		493
Year ended December 31, 2019:
Allowance for deferred tax assets	4,752		6,871		—		11,623
Liability for loss and loss adjustment expenses	—		71,551		8,793		62,758
Allowance for doubtful accounts	—		210		—		210
Year ended December 31, 2018:
Allowance for deferred tax assets	1,766		2,986		—		4,752
Liability for loss and loss adjustment expenses	—		—		—		—
Allowance for doubtful accounts	—		—		—		—

Summary of significant accounting policies (Policies)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Accounting Policies [Abstract]

Basis of presentation

Use of estimates

Title Plants

Title plants Title plants are carried at cost, with costs incurred to maintain, update and operate title plants expensed as incurred. Because properly maintained title plants have indefinite lives and do not diminish in value with the passage of time, no provision has been made for depreciation or amortization. The Company analyzes the title plants for impairment when events or circumstances indicate that the carrying amount may not be recoverable. This analysis includes, but is not limited to, the effects of obsolescence, duplication, demand and other economic factors.

Title plantsThe Company acquired its title plants in the North American Title Acquisition and evaluated them at the Close Date. Title plants are carried at cost, with costs incurred to maintain, update and operate title plants expensed as incurred. At the Close Date, cost approximated fair value. Because properly maintained title plants have indefinite lives and do not diminish in value with the passage of time, no provision has been made for depreciation or amortization. The Company analyzes the title plants for impairment when events or circumstances indicate that the carrying amount may not be recoverable. This analysis includes, but is not limited to, the effects of obsolescence, duplication, demand and other economic factors.

Cash and cash equivalents and restricted cash

Cash and cash equivalents and restricted cashCash and cash equivalents include cash on hand and on deposit at banking institutions as well as all highly liquid short-term investments with original maturities of 90 days or less. The carrying amounts reported in the consolidated balance sheets for these instruments approximate their fair value.

Investments

Fixed maturity securities

Mortgage loans

Investments in mortgage loans are long-term investments and carried at amortized cost. They are purchased with the intent and ability to be held to maturity.

Equity securities

Fair value measurements

Fair value measurement

The three levels of the fair value hierarchy under ASC 820 are as follows:


Level 1						Quoted prices (unadjusted) in active markets for identical investments at the measurement date are used.

Level 2						Pricing inputs are other than quoted prices included within Level 1 that are observable for the investment, either directly or indirectly. Level 2 pricing inputs include quoted prices for similar investments in active markets, quoted prices for identical or similar investments in markets that are not active, inputs other than quoted prices that are observable for the investment, and inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3						Pricing inputs are unobservable and include situations where there is little, if any, market activity for the investment. The inputs used in determination of fair value require significant judgment and estimation.

Fair value measurements

in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

The three levels of the fair value hierarchy under ASC 820 are as follows:


Level 1						Quoted prices (unadjusted) in active markets for identical investments at the measurement date are used.

Level 2						Pricing inputs are other than quoted prices included within Level 1 that are observable for the investment, either directly or indirectly. Level 2 pricing inputs include quoted prices for similar investments in active markets, quoted prices for identical or similar investments in markets that are not active, inputs other than quoted prices that are observable for the investment, and inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3						Pricing inputs are unobservable and include situations where there is little, if any, market activity for the investment. The inputs used in determination of fair value require significant judgment and estimation.

Receivables, net

Receivables, netReceivables are generally due within thirty to ninety days and are recorded net of an allowance for doubtful accounts. Our receivables represent premiums, escrow and related fees due to us as a result of the closing of real estate transactions. The Company determines the allowance for doubtful accounts by considering a number of factors, including the length of time receivables are past due, previous loss history and a specific customer’s ability to pay its obligations to the Company. Amounts deemed uncollectible are expensed in the period in which such determination is made.

Fixed assets, net

The following table summarizes the range of useful lives assigned to fixed assets, by asset class:


Useful lives:
Leasehold improvements			Shorter of the lease term or useful life of the asset
Furniture and equipment			Five years
Computer equipment			Three years
Software			Three to eight years
Internally developed software			five years

Internally developed or acquired software

Goodwill

Trade Names

Trade NamesThe intangible asset values of the Company’s trade names were determined in the North American Title Acquisition, and were assigned a useful life of seven years. The Company’s finite-lived intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable, and intangibles are also evaluated periodically to determine their remaining useful life. In 2020, the Company determined that there would be a change in the Company's use of the acquired trade names in the second quarter of 2021. The Company determined that the change in use was not related to the value of the trade names, but to changes in business strategy, and did not result in an impairment. However, the Company changed its estimates of the useful lives of the acquired trade names to better reflect the estimated periods during which these trade names will remain in service. The estimated useful life of the trade names was revised such that the trade names will be fully amortized by June 30, 2021.

Revenue recognition

Net premiums written

Escrow, other title-related fees and other

Reinsurance

Payments and recoveries on reinsured losses for the Company’s title insurance business were immaterial during the three and six month periods ended June 30, 2021 and 2020.

Reinsurance

Payments and recoveries on reinsured losses for the Company’s title insurance business were immaterial during the years ended December 31, 2020, 2019 and 2018.

Ceding commission from reinsurance transactions are presented as a revenue within the Escrow, other title-related fees, and other account on the consolidated statements of operations.

Total premiums ceded in connection with reinsurance are netted against the written premiums on the consolidated statements of operations.

Liability for loss and loss adjustment expenses

when we are acting as the escrow company such as, disbursing to the wrong party, paying the wrong lender, improperly allocating funds or relying on third-party fraudulent documents in closing transactions. If a loss compensable under a title insurance policy is caused by an act or omission committed by a Third-Party Agent, the Company may seek contribution or reimbursement from the Third-Party Agent. In any event, the Company may proceed against any party who is responsible for any loss under the title insurance policy under rights of subrogation.

Income taxes

Income taxesOur effective tax rate for the six months ended June 30, 2021 and 2020 was (1)% as a result of our recording a full valuation allowance against the deferred tax assets. In determining the realizability of the net U.S. federal and state deferred tax assets, we consider numerous factors including historical profitability, estimated future taxable income, prudent and feasible tax planning strategies, and the industry in which we operate. As of December 31, 2020, the Company carried a valuation allowance against deferred tax assets as management believes it is more likely than not that the benefit of the net deferred tax assets covered by that valuation allowance will not be realized. A net deferred tax liability has been recorded as of June 30, 2021 and December 31, 2020 of $1.0 million and $1.0 million, respectively, and is included in accrued expenses and other liabilities within the accompanying condensed consolidated balance sheets. Management reassesses the realization of the deferred tax assets each reporting period. The Company has approximately $0.2 million of pre-2018 federal net operating losses subject to expiration beginning in 2036. The remainder of the federal net operating losses have no expiration. The Company’s state net operating losses are subject to various expirations, beginning in 2030. The Company’s 2017 through 2019 tax years remain open to federal and state tax examinations. The Company believes that as of June 30, 2021 it had no material uncertain tax positions. Interest and penalties related to unrecognized tax expenses (benefits) are recognized in income tax expense, when applicable. There were no material liabilities for interest and penalties accrued as of June 30, 2021.

Income taxes

Stock compensation expense

Concentration of credit risk

Advertising costs

Advertising costsAdvertising costs, which include promotional expenses, are expensed as incurred.

Earnings per share

Basic and diluted earnings per share attributable to the Company’s common stock for the years ended December 31, 2020, 2019 and 2018 was calculated using weighted average common shares outstanding.

Risk and uncertainties

The COVID-19 global pandemic has caused national and global economic and financial market disruptions. On the onset of the pandemic, the Company braced and anticipated uncertain disruption to our business. However, we have been successful in our ability to adapt to new market-demands through our cutting-edge technology and ability to offer remote closings to our customers. Our results from operations for the year ended December 31, 2020, similarly, show that the Company’s performance from operations was not adversely impacted in a material manner. The Company continues to monitor and react to business disruptions caused by the pandemic but we cannot predict with certainty the duration of the pandemic or its impact on the Company’s financial condition and results of operations, as well as business operations and workforce.

Recently issued and adopted accounting pronouncements and recently issued but not adopted accounting pronouncements

Recently issued and adopted accounting pronouncements

No new accounting policies were recently issued and adopted in the three or six months ended June 30, 2021.

Recently issued but not adopted accounting pronouncements

Recently issued and adopted accounting pronouncements

Recently issued but not adopted accounting pronouncements

In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments (Topic 326). The amendments in this and the related ASUs introduce broad changes to accounting for credit impairment of financial instruments. The primary updates include the introduction of a new current expected credit loss ("CECL") model that is based on expected rather than incurred losses and amendments to the accounting for impairment of held-to-maturity securities and available for sale securities. The amendments in this update are effective for public entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. For all other entities, the amendment is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. We are finalizing the effect this new guidance will have on our consolidated financial statements and related disclosures. Based on our implementation analysis performed, we have concluded that the overall effect of Topic 326 is not expected to be material to the consolidated financial statements upon adoption. We have not early adopted this standard.

Restatement of Previously Issued Financial Statements (Tables)

12 Months Ended

Dec. 31, 2020

Class of Warrant or Right [Line Items]

Restatement to Prior Year Income

The following tables summarize the effect of the restatement on each financial statement line item as of the dates and for the period indicated:


	As Previously Reported		Adjustment		As Restated
Balance Sheet as of December 4, 2020
Warrant liabilities	$	—	$	23,053,333	$	23,053,333
Total liabilities	12,075,000		23,053,333		35,128,333
Class A common stock subject to possible redemption	329,284,280		(23,053,333)		306,230,947
Class A common stock	157		231		388
Additional paid-in capital	5,020,615		873,193		5,893,808
Accumulated deficit	$	(21,628)	$	(873,424)	$	(895,052)

Balance Sheet as of December 31, 2020
Warrant liabilities	$	—	$	30,680,000	$	30,680,000
Total liabilities	12,190,461		30,680,000		42,870,461
Class A common stock subject to possible redemption	329,149,850		(30,680,000)		298,469,850
Class A common stock	159		306		465
Additional paid-in capital	5,155,043		8,499,785		13,654,828
Accumulated deficit	$	(156,059)	$	(8,500,091)	$	(8,656,150)

Statement of Operations for the Year ended December 31, 2020
Formation and operational costs	$	157,497	$	873,424	$	1,030,921
Change in fair value of warrant liabilities	—		(7,626,667)		(7,626,667)
Other income (expense), net	12,580		(7,626,667)		(7,614,087)
Net loss	$	(144,917)	$	(8,500,091)	$	(8,645,008)


Basic and diluted weighted average shares outstanding, Class A common stock subject to possible redemption	32,914,985		(3,068,000)		29,846,985
Basic and diluted weighted average shares outstanding, non-redeemable common stock	7,698,927		170,066		7,868,993
Basic and diluted net loss per share, Non-redeemable common stock	$	(0.02)	$	(1.08)	$	(1.10)

Statement of Changes in Temporary Equity and Permanent Equity for the Year ended December 31, 2020
Sale of 34,500,000 Units, net of underwriting discounts – Additional Paid in Capital	$	325,527,465	$	(14,421,576)	$	311,105,889
Sale of 5,833,333 private placement warrants – Additional Paid in Capital	8,750,000		(8,750,000)		—
Excess of purchase price paid over fair value of private placement warrants – Additional Paid in Capital	—		991,667		991,667
Statement of Cash Flows for the year ended December 31, 2020
Cash Flows from Operating Activities:
Net Loss	$	(144,917)	$	(8,500,091)	$	(8,645,008)
Adjustments to reconcile net loss to net cash used in operating activities:
Change in fair value of warrant liabilities	—		7,626,667		7,626,667
Transaction costs allocable to warrant liabilities	—		873,424		873,424
Non-Cash Investing and Financing Activities
Initial classification of Class A common stock subject to redemption	$	329,284,280	$	(23,053,333)	$	306,230,947
Change in value of Class A common stock subject to redemption	(134,430)		(7,626,667)		(7,761,097)
Initial measurement of warrants issued in connection with the initial Public Offering accounted for as liabilities	—		23,053,333		23,053,333

Summary of Significant Accounting Policies (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Summary Of Significant Accounting Policies [Line Items]

Schedule of Earnings Per Share, Basic and Diluted

The calculation of the basic and diluted EPS is as follows:


	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
Numerator
Net loss attributable to Doma Holdings, Inc.	$	(23,299)	$	(6,332)	$	(35,057)	$	(22,918)

Denominator
Weighted-average common shares – basic and diluted	11,667,266		9,950,920		11,457,724		10,231,489

Net loss per share attributable to Doma Holdings, Inc. shareholders
Basic and diluted	$	(2.00)	$	(0.64)	$	(3.06)	$	(2.24)

The calculation of the basic and diluted EPS is as follows:


	Year ended December 31,
	2020		2019		2018
Numerator
Net loss attributable to Doma Holdings, Inc.	$	(35,103)	$	(27,137)	$	(12,047)

Denominator
Weighted-average common shares – basic and diluted	10,390,006		10,060,857		10,098,071

Net loss per share attributable to Doma Holdings, Inc. shareholders
Basic and diluted	$	(3.38)	$	(2.70)	$	(1.19)

Summary Of Significant Accounting Policies [Line Items]

Schedule of Earnings Per Share, Basic and Diluted

The following table reflects the calculation of basic and diluted net income (loss) per common stock (in dollars, except per share amounts):


	Three Months Ended
	June 30, 2021		June 30, 2020
Class A common stock subject to possible redemption
Numerator: Earnings allocable to Class A common stock subject to possible redemption
Interest earned on marketable securities held in Trust Account, net of franchise taxes	$	—	$	—
Net income allocable to Class A common stock subject to possible redemption	$	—	$	—
Denominator: Weighted Average Class A common stock subject to possible redemption
Basic and diluted weighted average shares outstanding	30,465,565		—
Basic and diluted net income per share	$	—	$	—
Non-Redeemable Common Stock
Numerator: Earnings allocable to non-redeemable common stock
Net income (loss)	$	(330,831)	$	(277)
Less: Net income allocable to Class A common stock subject to possible redemption	—		—
Non-redeemable net income (loss)	$	(330,831)	$	(277)
Denominator: Weighted Average non-redeemable common stock
Basic and diluted weighted average shares outstanding, non-redeemable common stock	12,659,435		7,500,000
Basic and diluted net income (loss) per share, non-redeemable common stock	$	(0.03)	$	(0.00)


	Six Months Ended
	June 30, 2021		June 30, 2020
Class A common stock subject to possible redemption
Numerator: Earnings allocable to Class A common stock subject to possible redemption
Interest earned on marketable securities held in Trust Account, net of franchise taxes	$	—	$	—
Net income allocable to Class A common stock subject to possible redemption	$	—	$	—
Denominator: Weighted Average Class A common stock subject to possible redemption
Basic and diluted weighted average shares outstanding	30,157,984		—
Basic and diluted net income per share	$	—	$	—
Non-Redeemable Common Stock
Numerator: Earnings allocable to non-redeemable common stock
Net income (loss)	$	5,854,968	$	(297)
Less: Net income allocable to Class A common stock subject to possible redemption	—		—
Non-redeemable net income (loss)	$	5,854,968	$	(297)
Denominator: Weighted Average Non-redeemable common stock
Basic and diluted weighted average shares outstanding, Non-redeemable common stock	12,967,016		7,500,000
Basic and diluted net income (loss) per share, Non-redeemable common stock	$	0.45	$	(0.00)

The following table reflects the calculation of basic and diluted net loss per common stock (in dollars, except per share amounts):


	For the Year Ended December 31, 2020
Class A common stock subject to possible redemption
Numerator: Earnings allocable to Class A common stock subject to possible redemption
Interest earned on marketable securities held in Trust Account	$	10,883
Net income allocable to Class A common stock subject to possible redemption	$	10,883
Denominator: Weighted Average Class A common stock subject to possible redemption
Basic and diluted weighted average shares outstanding	$	29,846,985
Basic and diluted net income per share	$	0.00
Non-Redeemable Common Stock
Numerator: Earnings allocable to non-redeemable common stock
Net loss	$	(8,645,008)
Less: Net income allocable to Class A common stock subject to possible redemption	$	(10,883)
Non-redeemable net loss	$	(8,655,891)
Denominator: Weighted Average Non-redeemable common stock
Basic and diluted weighted average shares outstanding, Non-redeemable common stock	$	7,868,993
Basic and diluted net loss per share, Non-redeemable common stock	$	(1.10)

Income Tax (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of deferred tax assets

The significant components of deferred tax assets and liabilities consist of the following:


	December 31
	2020		2019
Deferred tax assets:
Net operating loss	$	12,765	$	5,356
Accrued compensation	5,334		2,505
Interest expense	2,621		1,979
Statutory premium reserve	2,119		1,745
Start-up costs	1,142		937
Deferred lease obligation	385		343
Stock-based compensation expense	852		33
Investments	407		394
Intangibles assets	653		115
Allowance for doubtful accounts	138		112
Debt issuance costs	58		61
Loss reserves	209		31
Other, net	13		—
Less valuation allowance	(23,330)		(11,623)
Total deferred tax assets	$	3,366	$	1,988

Deferred tax liabilities:
Intangibles assets	$	(2,347)	$	(992)
Other reserves	(927)		(715)
Title plants	(680)		(393)
Unrealized gain on investments	(249)		(98)
Fixed assets	(140)		(67)
Total deferred tax liabilities	$	(4,343)	$	(2,265)
Net deferred tax liability	$	(977)	$	(277)

Schedule of income tax provision

The Company’s income tax expense is as follows:


	Year ended December 31
	2020		2019		2018
Current:
Federal	$	—	$	—	$	—
State	144		110		—
Total Current	$	144	$	110	—

Deferred:
Federal	$	101	$	217	$	—
State	598		60		—
Total Deferred	$	699	$	277	$	—
Total	$	843	$	387	$	—

Schedule of reconciliation of the federal income tax rate

A reconciliation of these differences is as follows:


	Year ended December 31
	2020		%		2019		%		2018		%
Benefit calculated at federal income tax rate	$	(7,195)	21.0	%	$	(5,617)	21.0	%	$	(2,594)	21.0	%
Change in valuation allowance	11,707		(34.2)		6,871		(25.7)		2,986		(24.0)
State tax benefit	(2,473)		7.1		(1,261)		4.7		(965)		8.0
Federal benefit on state tax	520		(1.5)		265		(1.0)		203		(2.0)
Change in state tax rate	(1,746)		5.1		108		(0.4)		—		—
Permanent differences, net	(57)		0.2		(56)		0.2		370		(3.0)
Other, net	87		(0.2)		77		(0.3)		—		—
Income tax expense	$	843	(2.5)	%	$	387	(1.5)	%	$	—	—	%

Schedule of deferred tax assets

The Company’s net deferred tax assets is as follows:


	December 31, 2020		December 31, 2019
Deferred tax assets	(As Restated)
Net operating loss carryforward	$	43,286	$	791
Unrealized gain on marketable securities	(3,397)		—
Total deferred tax assets	39,889		791
Valuation Allowance	(39,889)		(791)
Deferred tax assets, net of allowance	$	—	$	—

Schedule of income tax provision

The income tax provision consists of the following:


	December 31, 2020		December 31, 2019
Federal
Current	$	—	$	—
Deferred	(30,431)		(791)
State and Local
Current	—		—
Deferred	(8,667)		—
Change in valuation allowance	39,098		791
Income tax provision	$	—	$	—

Schedule of reconciliation of the federal income tax rate

A reconciliation of the federal income tax rate to the Company’s effective tax rate is as follows:


	December 31, 2020		December 31, 2019
	(As Restated)
Statutory federal income tax rate	21.0	%	21.0	%
State taxes, net of federal tax benefit	6.0	%	0.0	%
Change in valuation of warrant liability	(23.8)	%	0.0	%
Transaction costs allocable to warrant liability	(2.7)	%	0.0	%
Valuation allowance	(0.5)	%	(21.0)	%
Income tax provision	0.0	%	0.0	%

Fair Value Measurements (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Fair Value Measurements (Details) - Schedule of fair value on recurring basis [Line Items]

Schedule of fair value on a recurring basis

The following table summarizes the Company’s investments that were measured at fair value:


	Assets
	Corporate debt securities		U.S Treasury securities		Mortgage loans		Preferred stocks		Certificate of deposits		Total
June 30, 2021
Level 1	$	—	$	6,604	$	—	$	—	$	—	$	6,604
Level 2	78,299		—		—		—		237		78,536
Level 3	—		—		2,936		—		—		2,936
Total	$	78,299	$	6,604	$	2,936	$	—	$	237	$	88,076

December 31, 2020
Level 1	$	—	$	7,573	$	—	$	2,119	$	—	$	9,692
Level 2	66,649		—		—		—		236		66,885
Level 3	—		—		2,980		—		—		2,980
Total	$	66,649	$	7,573	$	2,980	$	2,119	$	236	$	79,557

The following table summarizes the Company’s investments that were measured at fair value:


	Assets
	Corporate debt securities		U.S. Treasury securities		Mortgage loans		Preferred stocks		Certificate of deposits		Total
December 31, 2020
Level 1	$	—	$	7,573	$	—	$	2,119	$	—	$	9,692
Level 2	66,649		—		—		—		236		66,885
Level 3	—		—		2,980		—		—		2,980
Total	$	66,649	$	7,573	$	2,980	$	2,119	$	236	$	79,557

December 31, 2019
Level 1	$	—	$	6,861	$	—	$	1,039	$	—	$	7,900
Level 2	19,644		—		—		—		287		19,931
Level 3	—		—		3,370		—		—		3,370
Total	$	19,644	$	6,861	$	3,370	$	1,039	$	287	$	31,201

Fair Value Measurements (Details) - Schedule of fair value on recurring basis [Line Items]

Schedule of fair value on a recurring basis


Description	Level	June 30, 2021
Assets:
Marketable securities held in Trust Account (1)	1	$	345,013,964
Liabilities:
Private Placement Warrants (2)	2	7,700,000
Public Warrants (2)	1	15,180,000


Description	Level	December 31, 2020
Assets:
Marketable securities held in Trust Account (1)	1	$	345,012,580
Liabilities:
Private Placement Warrants (2)	3	10,325,000
Public Warrants (2)	3	20,355,000

_______________

(1)The fair value of the marketable securities held in Trust account approximates the carrying amount primarily due to their short-term nature.

(2)Measured at fair value on a recurring basis.


Description	Level	December 31, 2020
Assets:
Marketable securities held in Trust Account(1)	1	$	345,012,580
Liabilities:
Private Placement Warrants(2)	3	$	10,325,000
Public Warrants(2)	3	$	20,355,000

____________

(1) The fair value of the marketable securities held in Trust account approximates the carrying amount primarily due to their short-term nature.

(2) Measured at fair value on a recurring basis.

Fair Value Measurement Inputs and Valuation Techniques

The key inputs into the Monte Carlo simulation model for the Private Placement Warrants and Public Warrants were as follows at initial measurement:


Input	December 4, 2020 (Initial Measurement)
Risk-free interest rate	0.53		%
Expected term (Years)	5.0
Expected volatility	23.0		%
Exercise price	$	11.50
Fair value of Units	$	9.56

The key inputs into the Monte Carlo simulation model for the Private Placement Warrants and Public Warrants were as follows at subsequent measurement:


Input	December 31, 2020 (Subsequent Measurement)
Risk-free interest rate	0.45		%
Expected term (Years)	5.0
Expected volatility	28.0		%
Exercise price	$	11.50
Fair value of Units	$	9.71

Schedule of Changes In Fair Value of Warrant Liabilities

The following table presents the changes in the fair value of warrant liabilities:


	Private Placement		Public		Warrant Liabilities
Fair value as of December 31, 2020	$	10,325,000	$	20,355,000	$	30,680,000
Change in valuation inputs or other assumptions(1)(2)	(2,625,000)		(5,175,000)		(7,800,000)
Fair value as of June 30, 2021	$	7,700,000	$	15,180,000	$	22,880,000

_______________

(1)Changes in valuation inputs or other assumptions are recognized in change in fair value of warrant liabilities in the condensed statement of operations.

The following table presents the changes in the fair value of warrant liabilities:


	Private Placement		Public		Warrant Liabilities
Fair value as of December 31, 2019	$	—	$	—	$	—
Initial measurement on December 4, 2020	7,758,333		15,295,000		23,053,333
Change in valuation inputs or other assumptions(1)	2,566,667		5,060,000		7,626,667
Fair value as of December 31, 2020	$	10,325,000	$	20,355,000	$	30,680,000

_______________

(1)Changes in valuation inputs or other assumptions are recognized in change in fair value of warrant liabilities in the Statement of Operations.

Summary of significant accounting policies (Tables)

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Schedule of Useful Lives Assigned to Fixed Assets

The following table summarizes the range of useful lives assigned to fixed assets, by asset class:


Useful lives:
Leasehold improvements			Shorter of the lease term or useful life of the asset
Furniture and equipment			Five years
Computer equipment			Three years
Software			Three to eight years
Internally developed software			five years

Fixed assets consist of the following:


	December 31
	2020		2019
Furniture and equipment	$	7,948	$	7,021
Computer equipment	3,092		1,557
Leasehold improvements	3,264		3,152
Software	3,827		2,851
Internally developed software	17,343		4,261
Total fixed assets, gross	$	35,474	$	18,841
Accumulated depreciation and amortization	(13,813)		(11,254)
Total fixed assets, net	$	21,661	$	7,587

Within each respective period, internally developed software and acquired software consist of the following:


	Year ended December 31
	2020		2019
Internally developed software	$	13,082	$	4,261
Accumulated amortization	(1,888)		—
Internally developed software, net	$	11,194	$	4,261
Acquired software	1,470		2,851
Accumulated amortization	(16)		(2,352)
Acquired software, net	$	1,453	$	499

Schedule of Trade Names

Trade names consists of the following:


	December 31
	2020		2019
Trade names	$	5,871	$	5,871
Accumulated amortization	(3,187)		(839)
Total trade names, net	$	2,684	$	5,032

Schedule of Gross Premiums Written and Ceded Premiums

Gross premiums written and ceded premiums are as follows:


	Year ended December 31
	2020			2019			2018
Gross premiums written	$	349,636		$	294,159		$	—
Ceded premiums	(4,028)			(1,452)			—
Net premiums written	$	345,608		$	292,707		$	—
Percentage of amount assumed to net	98.8		%	99.5		%	—

Business combinations (Tables)

12 Months Ended

Dec. 31, 2020

Business Combination and Asset Acquisition [Abstract]

Schedule of Additional Information on Total Consideration

The following table presents additional information on total consideration transferred:


Issuance of Series A-1 preferred stock	$	50,142
Issuance of Series A-1 preferred stock warrants	34,473
Note payable issued to NATG	87,000
Assumption of NATG debt	65
Total consideration transferred	$	171,680

Schedule of Purchase Price Allocation

The following table sets forth the purchase price allocation, as of the acquisition date:


Cash	$	35,704	Accounts payable	$	(9,409)
Restricted cash	1,566		Accrued expenses and other liabilities	(12,218)
Investments	61,398		Liability for loss and loss adjustment expenses	(59,266)
Receivables	15,239		Total liabilities assumed	$	(80,893)
Fixed assets	1,659
Prepaid expenses, deposits and other assets	2,197
Title plants	16,993		Net identifiable assets acquired	$	59,734
Trade names	5,871		Goodwill	111,946
Total identifiable assets acquired	$	140,627	Total consideration transferred	$	171,680

Investments and fair value measurements (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Investments, All Other Investments [Abstract]

Summary of Held-to-Maturity Debt Securities

The cost basis, fair values and gross unrealized gains and losses of our held-to-maturity debt securities are as follows:


	June 30, 2021								December 31, 2020
	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value		Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Corporate debt securities(1)	$	77,355	$	995	$	(51)	$	78,299	$	57,651	$	994	$	(53)	$	58,592
U.S. Treasury securities	6,589		16		(1)		6,604		7,519		54		—		7,573
Certificates of deposit	237		—		—		237		236		—		—		236
Total	$	84,181	$	1,011	$	(52)	$	85,140	$	65,406	$	1,048	$	(53)	$	66,401

_______________

(1)Includes both U.S. and foreign corporate debt securities.

The cost basis, fair values and gross unrealized gains and losses of our held-to-maturity debt securities are as follows:


	December 31, 2020								December 31, 2019
	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value		Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Corporate debt securities (1)	$	57,651	$	994	$	(53)	$	58,592	$	11,744	$	55	$	(2)	$	11,797
U.S. Treasury securities	7,519		54		—		7,573		6,861		3		(3)		6,861
Certificates of deposit	236		—		—		236		287		—		—		287
Total	$	65,406	$	1,048	$	(53)	$	66,401	$	18,892	$	58	$	(5)	$	18,945

_______________

(1) Includes both U.S. and foreign corporate debt securities.

Schedule of Realized Gain (Loss) on Held-to-Maturity Debt Securities and Equity Securities

The following table reflects the composition of net realized gains or losses and corresponding proceeds for the sales of the securities for each of the periods shown below:


	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
Realized gains (losses):
Held-to-maturity debt securities:
Gains	$	—	$	—	$	65	$	15
Losses	—		—		(11)		—
Net	$	—	$	—	$	54	$	15

Proceeds from sales	$	—	$	—	$	3,048	$	1,504

The following table reflects the composition of net realized gains or losses for the sales of the securities for each of the years shown below:


	Year ended December 31,
	2020		2019		2018
Realized gains (losses):
Held-to-maturity debt securities:
Gains	$	146	$	15	$	—
Losses	—		(8)		—
Net	$	146	$	7	$	—

The following table reflects the composition of net realized gains or losses on sales of the equity securities for each of the years shown below:


	Year ended December 31,
	2020		2019		2018
Realized gains (losses):
Gains	$	—	$	—	$	—
Losses	—		(13)		—
Net	$	—	$	(13)	$	—

Summary of Investments by Maturity Date

The following table presents certain information regarding contractual maturities of our held-to-maturity debt securities:


Maturity	June 30, 2021
	Amortized Cost		% of Total		Fair Value		% of Total
One year or less	$	17,239	20	%	$	17,330	20	%
After one year through five years	$	66,942	80	%	$	67,810	80	%
	$	84,181	100	%	$	85,140	100	%

The following table presents certain information regarding contractual maturities of our held-to-maturity debt securities:


Maturity	December 31, 2020
	Amortized Cost		% of Total		Fair Value		% of Total
One year or less	$	16,701	26	%	$	16,791	25	%
After one year through five years	48,705		74	%	49,610		75	%
	$	65,406	100	%	$	66,401	100	%

The following table presents certain information regarding contractual maturities of our available-for-sale debt securities:


Maturity	December 31, 2020
	Amortized Cost		% of Total		Fair Value		% of Total
One year or less	$	—	—		$	—	—
After one year through five years	—		—		—		—
After five years through ten years	923		13	%	1,183		15	%
After ten years	6,216		87	%	6,874		85	%
Total	$	7,139	100	%	$	8,057	100	%

Schedule of Unrealized Loss on Held-to-Maturity Debt Securities


	June 30, 2021								December 31, 2020
	Corporate debt securities		U.S. Treasury securities		Certificate of deposits		Total		Corporate debt securities		U.S. Treasury securities		Certificate of deposits		Total
Less than 12 months
Fair value	$	4,717	$	1,458	$	—	$	6,175	$	8,464	$	5,181	$	—	$	13,645
Unrealized losses	$	(43)	$	(1)	$	—	$	(44)	$	(53)	$	—	$	—	$	(53)
Greater than 12 months
Fair value	$	658	$	—	$	—	$	658	$	—	$	—	$	—	$	—
Unrealized losses	$	(8)	$	—	$	—	$	(8)	$	—	$	—	$	—	$	—
Total
Fair value	$	5,375	$	1,458	$	—	$	6,833	$	8,464	$	5,181	$	—	$	13,645
Unrealized losses	$	(51)	$	(1)	$	—	$	(52)	$	(53)	$	—	$	—	$	(53)


	December 31, 2020								December 31, 2019
	Corporate debt securities		U.S. Treasury securities		Certificate of deposits		Total		Corporate debt securities		U.S. Treasury securities		Certificate of deposits		Total
Less than 12 Months
Fair Value	$	8,464	$	5,181	$	—	$	13,645	$	1,016	$	5,079	$	—	$	6,095
Unrealized Losses	(53)		—		—		(53)		(1)		(3)		—		(4)

Summary of Available-for-Sale Debt Securities

The cost basis, fair values and gross unrealized gains and losses of our available-for-sale debt securities are as follows:


	December 31, 2020
	Cost Basis		Unrealized Gains		Unrealized Losses		Fair Value
Corporate debt securities(1)	$	7,139	$	918	$	—	$	8,057
Total	$	7,139	$	918	$	—	$	8,057

_________________

(1)Includes both U.S. and foreign corporate debt securities.

The cost basis, fair values and gross unrealized gains and losses of our available-for-sale debt securities are as follows:


	December 31, 2020								December 31, 2019
	Cost Basis		Unrealized Gains		Unrealized Losses		Fair Value		Cost Basis		Unrealized Gains		Unrealized Losses		Fair Value
Corporate debt securities (1)	$	7,139	$	918	$	—	$	8,057	$	7,139	$	708	$	—	$	7,847
Total	$	7,139	$	918	$	—	$	8,057	$	7,139	$	708	$	—	$	7,847

_________________

(1) Includes both U.S. and foreign corporate debt securities.

Schedule of Realized Gain (Loss) on Available-for-Sale Debt Securities

The following table reflects the composition of net realized gains or losses and corresponding proceeds for the sales of the securities:


	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
Realized gains (losses):
Available-for-sale debt securities:
Gains	$	—	$	—	$	768	$	—
Losses	$	—	$	—	$	(90)	$	—
Net	$	—	$	—	$	678	$	—

Proceeds from sales	$	—	$	—	$	7,817	$	—

Summary of Cost and Estimated Fair Value of Equity Securities

The cost and estimated fair value of equity securities are as follows:


	June 30, 2021				December 31, 2020
	Cost		Estimated Fair Value		Cost		Estimated Fair Value
Preferred stocks	$	—	$	—	$	2,000	$	2,119
Total	$	—	$	—	$	2,000	$	2,119

The cost and estimated fair value of equity securities are as follows:


	December 31, 2020				December 31, 2019
	Cost		Estimated Fair Value		Cost		Estimated Fair Value
Preferred stocks	$	2,000	$	2,119	$	1,000	$	1,039
Total	$	2,000	$	2,119	$	1,000	$	1,039

Schedule of Cost and Estimated Fair Value of Mortgage Loans and Accrued Interest Receivable

The cost and estimated fair value of mortgage loans are as follows:


	June 30, 2021				December 31, 2020
	Cost		Estimated Fair Value		Cost		Estimated Fair Value
Mortgage loans	$	2,936	$	2,936	$	2,980	$	2,980
Total	$	2,936	$	2,936	$	2,980	$	2,980


	June 30, 2021		December 31, 2020
Corporate debt securities	$	1,055	$	641
U.S. Treasury securities	35		45
Accrued interest receivable on investment securities	$	1,090	$	686
Mortgage loans	21		43
Accrued interest receivable on investments	$	1,111	$	729

The cost and estimated fair value of mortgage loans are as follows:


	December 31, 2020				December 31, 2019
	Cost		Estimated Fair Value		Cost		Estimated Fair Value
Mortgage loans	$	2,980	$	2,980	$	3,370	$	3,370
Total	$	2,980	$	2,980	$	3,370	$	3,370

The following table reflects the composition of accrued interest receivable for investments:


	Year ended December 31,
	2020		2019
Corporate debt securities	$	641	$	186
Certificate of deposits	—		2
U.S. Treasury securities	45		44
Accrued interest receivable on investment securities	686		231
Mortgage loans	43		31
Accrued interest receivable on investments	$	729	$	262

Schedule of Investment Income

Investment income from securities, inclusive of realized gains (losses), consists of the following:


	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
Available-for-sale debt securities	$	—	$	91	$	773	$	204
Held-to-maturity debt securities	570		252		964		522
Equity investments	—		111		(89)		(110)
Mortgage loans	45		46		91		102
Other	1		22		61		153
Total	$	616	$	522	$	1,800	$	871

Investment income from securities consists of the following:


	Year ended December 31,
	2020		2019		2018
Available-for-sale debt securities	$	408	$	262	$	—
Held-to-maturity debt securities	1,326		743		—
Equity investments	146		115		—
Mortgage loans	194		325		—
Other	159		932		22
Total	$	2,233	$	2,377	$	22

Schedule of Fair Value on a Recurring Basis

The following table summarizes the Company’s investments that were measured at fair value:


	Assets
	Corporate debt securities		U.S Treasury securities		Mortgage loans		Preferred stocks		Certificate of deposits		Total
June 30, 2021
Level 1	$	—	$	6,604	$	—	$	—	$	—	$	6,604
Level 2	78,299		—		—		—		237		78,536
Level 3	—		—		2,936		—		—		2,936
Total	$	78,299	$	6,604	$	2,936	$	—	$	237	$	88,076

December 31, 2020
Level 1	$	—	$	7,573	$	—	$	2,119	$	—	$	9,692
Level 2	66,649		—		—		—		236		66,885
Level 3	—		—		2,980		—		—		2,980
Total	$	66,649	$	7,573	$	2,980	$	2,119	$	236	$	79,557

The following table summarizes the Company’s investments that were measured at fair value:


	Assets
	Corporate debt securities		U.S. Treasury securities		Mortgage loans		Preferred stocks		Certificate of deposits		Total
December 31, 2020
Level 1	$	—	$	7,573	$	—	$	2,119	$	—	$	9,692
Level 2	66,649		—		—		—		236		66,885
Level 3	—		—		2,980		—		—		2,980
Total	$	66,649	$	7,573	$	2,980	$	2,119	$	236	$	79,557

December 31, 2019
Level 1	$	—	$	6,861	$	—	$	1,039	$	—	$	7,900
Level 2	19,644		—		—		—		287		19,931
Level 3	—		—		3,370		—		—		3,370
Total	$	19,644	$	6,861	$	3,370	$	1,039	$	287	$	31,201

Revenue recognition (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Revenue from Contract with Customer [Abstract]

Summary of Revenue

Our revenue consists of:


			Three months ended June 30,				Six months ended June 30,
			2021		2020		2021		2020
Revenue Stream	Statement of Operations Classification	Segment	Total Revenue
Revenue from insurance contracts:
Direct Agent title insurance premiums	Net premiums written	Underwriting	$	31,281	$	19,022	$	55,854	$	36,253
Direct Agent title insurance premiums	Net premiums written	Elimination	(110)		—		(880)		—
Third-Party Agent title insurance premiums	Net premiums written	Underwriting	78,100		67,312		162,289		106,898
Total revenue from insurance contracts			$	109,271	$	86,334	$	217,263	$	143,151
Revenue from contracts with customers:
Escrow fees	Escrow, title-related and other fees	Distribution	$	15,755	$	9,245	$	29,135	$	17,875
Other title-related fees and income	Escrow, title-related and other fees	Distribution	30,533		20,138		54,798		39,075
Other title-related fees and income	Escrow, title-related and other fees	Underwriting	389		293		1,798		598
Other title-related fees and income	Escrow, title-related and other fees	Elimination(1)	(26,612)		(16,294)		(47,091)		(30,992)
Total revenue from contracts with customers			$	20,065	$	13,382	$	38,640	$	26,556
Other revenue:
Interest and investment income (2)	Investment, dividend and other income	Distribution	37		149		87		272
Interest and investment income (2)	Investment, dividend and other income	Underwriting	540		386		991		853
Realized gains and losses, net	Investment, dividend and other income	Distribution	—		166		(4)		382
Realized gains and losses, net	Investment, dividend and other income	Underwriting	73		6		805		18
Total other revenues			650		707		1,879		1,525
Total revenues			$	129,986	$	100,423	$	257,782	$	171,232

_________________

(2)Interest and investment income consists primarily of interest payments received on held-to-maturity debt securities, available-for-sale debt securities and mortgage loans.

Our revenue consists of:


			Year ended December 31,
			2020		2019		2018
Revenue Stream	Statement of Operations Classification	Segment	Total Revenue
Revenue from insurance contracts:
Direct Agent title insurance premiums	Net premiums written	Underwriting	81,420		78,666		—
Third-Party Agent title insurance premiums	Net premiums written	Underwriting	264,188		214,041		—
Total revenue from insurance contracts			$	345,608	$	292,707	$	—
Revenue from contracts with customers:
Escrow fees	Escrow, title-related and other fees	Distribution	$	41,438	$	39,062	$	—
Other title-related fees and income	Escrow, title-related and other fees	Distribution	88,152		90,570		36
Other title-related fees and income	Escrow, title-related and other fees	Underwriting	2,099		873		10
Other title-related fees and income	Escrow, title-related and other fees	Elimination(1)	(70,414)		(68,488)		—
Total revenue from contracts with customers			$	61,275	$	62,017	$	46
Other revenue:
Interest and investment income (2)	Investment, dividend and other income	Distribution	$	325	$	1,026	$	117
Interest and investment income (2)	Investment, dividend and other income	Underwriting	2,086		2,411		23
Realized gains and losses, net	Investment, dividend and other income	Distribution	374		(70)		—
Realized gains and losses, net	Investment, dividend and other income	Underwriting	146		(6)		(1)
Total other revenues			$	2,931	$	3,361	$	139
Total revenues			$	409,814	$	358,085	$	185

_________________

(2)Interest and investment income consists primarily of interest payments received on held-to-maturity debt securities, available-for-sale debt securities and mortgage loans.

Liability for loss and loss adjustment expenses (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Insurance [Abstract]

Summary of Liability for Loss and Loss Adjustment Expenses

A summary of the changes in the liability for loss and loss adjustment expenses for the six months ending June 30, 2021 and 2020 is as follows:


	June 30,
	2021			2020
Beginning balance	$	69,800		$	62,758

Provision for claims related to:
Current year	$	14,516		$	8,533
Prior years	(4,461)			(3,710)
Total provision for claims	$	10,055		$	4,823

Paid losses related to:
Current year	$	(1,554)		$	(1,139)
Prior years	(3,595)			(3,794)
Total paid losses	$	(5,149)		$	(4,933)

Ending balance	$	74,706		$	62,648

Provision for claims as a percentage of net written premiums	4.6		%	3.4		%

A summary of the liability for loss and loss adjustment expenses follows:


	Year Ended December 31
	2020			2019
Beginning balance	$	62,758		$	59,266

Provision for claims related to:
Current year	$	20,619		$	21,220
Prior years	(5,282)			(8,935)
Total provision for claims	15,337			12,285

Paid losses related to:
Current year	$	(2,331)		$	(2,828)
Prior years	(5,964)			(5,965)
Total paid losses	$	(8,295)		$	(8,793)

Ending balance	$	69,800		62,758

Provision for claims as a percentage of net written premiums	4.4		%	4.2		%

Segment information (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Segment Reporting [Abstract]

Summary of Operating Results of the Company's Reportable Segments

The following table summarizes the operating results of the Company’s reportable segments:


	Three months ended June 30, 2021
	Distribution		Underwriting		Eliminations		Consolidated total
Net premiums written	$	—	$	109,381	$	(110)	$	109,271
Escrow, other title-related fees and other (1)	46,288		389		(26,612)		20,065
Investment, dividend and other income	37		613		—		650
Total revenue	$	46,325	$	110,383	$	(26,722)	$	129,986

Premiums retained by agents (2)	$	—	$	91,903	$	(26,722)	$	65,181
Direct labor (3)	18,986		1,916		—		20,902
Other direct costs (4)	5,881		1,680		—		7,561
Provision for claims	(25)		6,832		—		6,807
Adjusted gross profit	$	21,483	$	8,052	$	—	$	29,535


	Six months ended June 30, 2021
	Distribution		Underwriting		Eliminations		Consolidated total
Net premiums written	$	—	$	218,143	$	(880)	$	217,263
Escrow, other title-related fees and other (1)	83,933		1,798		(47,091)		38,640
Investment, dividend and other income	83		1,796		—		1,879
Total revenue	$	84,016	$	221,737	$	(47,971)	$	257,782

Premiums retained by agents (2)	$	—	$	183,490	$	(47,971)	$	135,519
Direct labor (3)	35,093		3,788		—		38,881
Other direct costs (4)	11,197		3,473		—		14,670
Provision for claims	534		9,521		—		10,055
Adjusted gross profit	$	37,192	$	21,465	$	—	$	58,657


	Three months ended June 30, 2020
	Distribution		Underwriting		Eliminations		Consolidated total
Net premiums written	$	—	$	86,334	$	—	$	86,334
Escrow, other title-related fees and other (1)	29,383		293		(16,294)		13,382
Investment, dividend and other income	315		392		—		707
Total revenue	$	29,698	$	87,019	$	(16,294)	$	100,423

Premiums retained by agents (2)	$	—	$	72,300	$	(16,294)	$	56,006
Direct labor (3)	12,575		1,323		—		13,898
Other direct costs (4)	3,494		1,404		—		4,898
Provision for claims	153		2,887		—		3,040
Adjusted gross profit	$	13,476	$	9,105	$	—	$	22,581


	Six months ended June 30, 2020
	Distribution		Underwriting		Eliminations		Consolidated total
Net premiums written	$	—	$	143,151	$	—	$	143,151
Escrow, other title-related fees and other (1)	56,950		598		(30,992)		26,556
Investment, dividend and other income	654		871		—		1,525
Total revenue	$	57,604	$	144,620	$	(30,992)	$	171,232

Premiums retained by agents (2)	$	—	$	120,100	$	(30,992)	$	89,108
Direct labor (3)	27,027		3,185		—		30,212
Other direct costs (4)	7,718		2,317		—		10,035
Provision for claims	388		4,435		—		4,823
Adjusted gross profit	$	22,471	$	14,583	$	—	$	37,054

_________________

(1)Includes fee income from closings, escrow, title exams, ceding commission income, as well as premiums retained by Direct Agents.

(3)Includes all compensation costs, including salaries, bonuses, incentive payments, and benefits, for personnel involved in the direct fulfillment of title and/or escrow services.

(4)Includes title examination expense, office supplies, and premium and other taxes.

The following table summarizes the operating results of the Company’s reportable segments:


	Year ended December 31, 2020
	Distribution		Underwriting		Eliminations		Consolidated total
Net premiums written	$	—	$	345,608	$	—	$	345,608
Escrow, other title-related fees and other (1)	129,590		2,099		(70,414)		61,275
Investment, dividend and other income	699		2,232		—		2,931
Total revenue	$	130,289	$	349,939	$	(70,414)	$	409,814

Premiums retained by agents (2)	$	—	$	290,557	$	(70,414)	$	220,143
Direct labor (3)	55,334		6,820		—		62,154
Other direct costs (4)	16,912		3,623		—		20,535
Provision for claims	1,415		13,922		—		15,337
Adjusted gross profit	$	56,628	$	35,017	$	—	$	91,645


	Year ended December 31, 2019
	Distribution		Underwriting		Eliminations		Consolidated total
Net premiums written	$	—	$	292,707	$	—	$	292,707
Escrow, other title-related fees and other (1)	129,632		873		(68,488)		62,017
Investment, dividend and other income	956		2,405		—		3,361
Total revenue	$	130,588	$	295,985	$	(68,488)	$	358,085

Premiums retained by agents (2)	$	—	$	246,753	$	(68,488)	$	178,265
Direct labor (3)	55,138		5,776		—		60,914
Other direct costs (4)	15,751		4,367		—		20,118
Provision for claims	1,552		10,733		—		12,285
Adjusted gross profit	$	58,147	$	28,356	$	—	$	86,503


	Year ended December 31, 2018
	Distribution		Underwriting		Eliminations		Consolidated total
Net premiums written	$	—	$	—	$	—	$	—
Escrow, other title-related fees and other (1)	36		10		—		46
Investment, dividend and other income	117		22		—		139
Total revenue	$	153	$	32	$	—	$	185

Premiums retained by agents (2)	$	—	$	—	$	—	$	—
Direct labor (3)	—		—		—		—
Other direct costs (4)	97		—		—		97
Provision for claims	—		—		—		—
Adjusted gross profit	$	56	$	32	$	—	$	88

_______________

(1)Includes fee income from closings, escrow, title exams, ceding commission income, as well as premiums retained by Direct Agents.

(3)Includes all compensation costs, including salaries, bonuses, incentive payments, and benefits, for personnel involved in the direct fulfillment of title and/or escrow services.

(4)Includes title examination expense, office supplies, and premium and other taxes.

Reconciliation of Company's Total Reportable Segments' Adjusted Gross Profit to Total Loss Before Income Taxes

The following table provides a reconciliation of the Company’s total reportable segments’ adjusted gross profit to its total loss before income taxes:


	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
Adjusted gross profit	$	29,535	$	22,581	$	58,657	$	37,054
Depreciation and amortization	3,021		899		5,727		2,016
Corporate and other expenses (1)	45,151		26,650		79,841		54,305
Interest expense	4,451		1,123		7,810		3,235
Loss before income taxes	$	(23,088)	$	(6,091)	$	(34,721)	$	(22,502)

_________________

The following table provides a reconciliation of the Company’s total reportable segments’ adjusted gross profit to its total loss before income taxes:


	Year ended December 31, 2020		Year ended December 31, 2019		Year ended December 31, 2018
Adjusted gross profit	$	91,645	$	86,503	$	88
Depreciation & amortization	5,815		1,880		10
Corporate and other expenses (1)	114,511		102,091		12,100
Interest expense	5,579		9,282		332
Loss before income taxes	$	(34,260)	$	(26,750)	$	(12,354)

_______________

Schedule of Goodwill

Goodwill by reportable segment and activity for fiscal 2020 and 2019 is as follows:


	Distribution		Underwriting		Total
Balance, December 31, 2018	$	—	$	—	$	—
Goodwill acquired during the year	88,437		23,509		111,946
Adjustments to goodwill	(363)		(96)		(459)
Impairment	—		—		—
Balance, December 31, 2019	88,074		23,413		111,487
Adjustments to prior year acquisitions	—		—		—
Balance, December 31, 2020	$	88,074	$	23,413	$	111,487

Income tax (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of income tax expense

The Company’s income tax expense is as follows:


	Year ended December 31
	2020		2019		2018
Current:
Federal	$	—	$	—	$	—
State	144		110		—
Total Current	$	144	$	110	—

Deferred:
Federal	$	101	$	217	$	—
State	598		60		—
Total Deferred	$	699	$	277	$	—
Total	$	843	$	387	$	—

Schedule of reconciliation of the federal income tax rate

A reconciliation of these differences is as follows:


	Year ended December 31
	2020		%		2019		%		2018		%
Benefit calculated at federal income tax rate	$	(7,195)	21.0	%	$	(5,617)	21.0	%	$	(2,594)	21.0	%
Change in valuation allowance	11,707		(34.2)		6,871		(25.7)		2,986		(24.0)
State tax benefit	(2,473)		7.1		(1,261)		4.7		(965)		8.0
Federal benefit on state tax	520		(1.5)		265		(1.0)		203		(2.0)
Change in state tax rate	(1,746)		5.1		108		(0.4)		—		—
Permanent differences, net	(57)		0.2		(56)		0.2		370		(3.0)
Other, net	87		(0.2)		77		(0.3)		—		—
Income tax expense	$	843	(2.5)	%	$	387	(1.5)	%	$	—	—	%

Schedule of deferred tax assets and liabilities

The significant components of deferred tax assets and liabilities consist of the following:


	December 31
	2020		2019
Deferred tax assets:
Net operating loss	$	12,765	$	5,356
Accrued compensation	5,334		2,505
Interest expense	2,621		1,979
Statutory premium reserve	2,119		1,745
Start-up costs	1,142		937
Deferred lease obligation	385		343
Stock-based compensation expense	852		33
Investments	407		394
Intangibles assets	653		115
Allowance for doubtful accounts	138		112
Debt issuance costs	58		61
Loss reserves	209		31
Other, net	13		—
Less valuation allowance	(23,330)		(11,623)
Total deferred tax assets	$	3,366	$	1,988

Deferred tax liabilities:
Intangibles assets	$	(2,347)	$	(992)
Other reserves	(927)		(715)
Title plants	(680)		(393)
Unrealized gain on investments	(249)		(98)
Fixed assets	(140)		(67)
Total deferred tax liabilities	$	(4,343)	$	(2,265)
Net deferred tax liability	$	(977)	$	(277)

Fixed assets (Tables)

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Schedule of Fixed Assets

The following table summarizes the range of useful lives assigned to fixed assets, by asset class:


Useful lives:
Leasehold improvements			Shorter of the lease term or useful life of the asset
Furniture and equipment			Five years
Computer equipment			Three years
Software			Three to eight years
Internally developed software			five years

Fixed assets consist of the following:


	December 31
	2020		2019
Furniture and equipment	$	7,948	$	7,021
Computer equipment	3,092		1,557
Leasehold improvements	3,264		3,152
Software	3,827		2,851
Internally developed software	17,343		4,261
Total fixed assets, gross	$	35,474	$	18,841
Accumulated depreciation and amortization	(13,813)		(11,254)
Total fixed assets, net	$	21,661	$	7,587

Within each respective period, internally developed software and acquired software consist of the following:


	Year ended December 31
	2020		2019
Internally developed software	$	13,082	$	4,261
Accumulated amortization	(1,888)		—
Internally developed software, net	$	11,194	$	4,261
Acquired software	1,470		2,851
Accumulated amortization	(16)		(2,352)
Acquired software, net	$	1,453	$	499

Schedule of Net Gains and Losses on Sales of Fixed Assets

The following table reflects the composition of net gains or losses for the sales of fixed assets for each of the years shown below:


	Year ended December 31
	2020		2019		2018
Gains (losses):
Fixed assets:
Gains	$	259	$	—	$	—
Losses	(128)		(71)		—
Total net gains (losses)	$	131	$	(71)	$	—

Debt (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of Loan

The Loan consisted of the following:


	December 31
	2020		2019
Loan balance	$	65,532	$	87,500
Outstanding principal	65,484		87,316
Accrued interest	48		184

Stockholders’ equity (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of preferred stock

Following is a presentation of the key characteristics and shares outstanding for each class of the Company’s preferred stock as of December 31, 2020:


Preferred Stock Class	Issue Date	Price	Dividend Rate	Conversion Price	Liquidation Preference	Shares Outstanding
		$	$	$	$
Series A	Close Date (1)	1.41	0.1129	1.41	1.41	7,295,759
Series A – 1	Close Date (1)	7.16	0.5727	7.16	7.16	8,159,208
Series A – 2	Close Date (2)	5.73	0.4581	5.73	5.73	2,335,837
Series B	6/17/2019	9.46	0.757	9.46	9.46	2,642,036
Series C	12/05-3/15/2020	12.09	0.967	12.09	12.09	10,119,484

_______________

(1)Shares exchanged for Legacy States Title shares in the North American Title Acquisition at a presumed fair value of $1.41 per share (see Note 1 for additional information).

(2)Shares exchanged for convertible notes in the North American Title Acquisition at the price noted (see Note 10 for additional information).

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

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Share-based Payment Arrangement [Abstract]

Stock compensation expense (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Summary of Weighted-Average Assumptions

Following are the weighted average assumptions utilized in the valuation of grants issued:


	Year ended December 31
	2020		2019		2018
Volatility	38.0	%	31.1	%	31.1	%
Dividend yield	0.0	%	0.0	%	0.0	%
Expected term (years)	6.1		7.0		7.2
Risk free rate	0.8	%	2.5	%	2.7	%

Summary of Stock Option Activity

During the six months ended June 30, 2021, the Company had the following stock option activity:


	Number of Stock Options	Weighted Average Exercise Price ($)		Weighted Average Remaining Contractual Life (In years)	Aggregate Intrinsic Value ($)

Outstanding as of December 31, 2020	4,447,546	$	3.17	8.5	$	51,186
Granted	769,500	4.25		9.5
Exercised	(524,875)	2.61		7.52
Cancelled or forfeited	(119,643)	3.79		8.5
Outstanding as of June 30, 2021	4,572,528	$	3.40	8.25	$	237,993

Options exercisable as of June 30, 2021	1,430,618	$	2.67	7.73	$	75,505

During the year ended December 31, 2020, the Company had the following stock option activity:


	Number of Stock Options	Weighted Average Exercise Price ($)		Weighted Average Remaining Contractual Life (In years)	Aggregate Intrinsic Value ($)
Outstanding as of December 31, 2017	448,440	$	0.14	8.20	$	26,916
Granted	360,912	0.17		9.26
Exercised	(41,058)	0.15		8.79
Cancelled or forfeited	(82,973)	0.14		8.80
Outstanding as of December 31, 2018	685,321	$	0.15	8.65	$	44,648

Options exercisable as of December 31, 2018	172,085	$	0.14	8.43	$	12,660

Outstanding as of December 31, 2018	685,321	0.15		8.65
Granted	3,355,730	2.97		9.14
Exercised	(201,196)	0.68		8.06
Cancelled or forfeited	(315,660)	2.26		8.71
Outstanding as of December 31, 2019	3,524,195	$	2.62	8.96	$	4,734,928

Options exercisable as of December 31, 2019	591,888	$	1.11	7.98	$	1,684,495

Outstanding as of December 31, 2019	3,524,195	2.62		8.96
Granted	1,594,720	4.25		9.57
Exercised	(216,641)	1.90		7.67
Cancelled or forfeited	(454,728)	3.26		8.45
Outstanding as of December 31, 2020	4,447,546	$	3.17	8.50	$	51,185,926

Options exercisable as of December 31, 2020	1,736,209	$	2.24	7.81	$	21,606,639

Summary of Nonvested Restricted Stock Awards

During the six months ended June 30, 2021, the Company had the following nonvested RSA activity:


	Number of RSAs	Average Grant Date Fair Value ($)
Nonvested at December 31, 2020	258,862	$	3.12
Granted	—	—
Exercised	(71,761)	2.19
Cancelled or Forfeited	—	—
Nonvested at June 30, 2021	187,101	$	3.48

Following is activity for nonvested RSAs:


	Number of RSAs	Average Grant Date Fair Value ($)
Nonvested at December 31, 2017	224,010	$	0.14
Granted	10,000	0.14
Exercised	(78,420)	0.14
Cancelled or Forfeited	—	—
Nonvested at December 31, 2018	155,590	0.14
Granted	346,737	2.17
Exercised	(89,897)	0.96
Cancelled or Forfeited	—	—
Nonvested at December 31, 2019	412,430	$	2.81
Granted	—	—
Exercised	(153,568)	2.30
Cancelled or Forfeited	—	—
Nonvested at December 31, 2020	258,862	$	3.12

Earnings per share (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The calculation of the basic and diluted EPS is as follows:


	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
Numerator
Net loss attributable to Doma Holdings, Inc.	$	(23,299)	$	(6,332)	$	(35,057)	$	(22,918)

Denominator
Weighted-average common shares – basic and diluted	11,667,266		9,950,920		11,457,724		10,231,489

Net loss per share attributable to Doma Holdings, Inc. shareholders
Basic and diluted	$	(2.00)	$	(0.64)	$	(3.06)	$	(2.24)

The calculation of the basic and diluted EPS is as follows:


	Year ended December 31,
	2020		2019		2018
Numerator
Net loss attributable to Doma Holdings, Inc.	$	(35,103)	$	(27,137)	$	(12,047)

Denominator
Weighted-average common shares – basic and diluted	10,390,006		10,060,857		10,098,071

Net loss per share attributable to Doma Holdings, Inc. shareholders
Basic and diluted	$	(3.38)	$	(2.70)	$	(1.19)

Commitment and contingencies (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Schedule of Minimum Operating Lease Payments

As of June 30, 2021, total future commitments on non-cancelable operating leases with a minimum remaining term in excess of one year are as follows:


2021	$	4,129
2022	6,985
2023	5,722
2024	4,336
2025	2,721
2026	709
Total	$	24,602

As of December 31, 2020, total future commitments on non-cancelable operating leases with a minimum remaining term in excess of one year are as follows:


2021	$	7,473
2022	5,874
2023	4,660
2024	3,435
2025	2,118
2026	219
Total	$	23,779

Accumulated other comprehensive income (Tables)

12 Months Ended

Dec. 31, 2020

Summary of Changes in Components of Accumulated Other Comprehensive Income

Following is a summary of the changes in each component of accumulated other comprehensive income:


	Year ended December 31
	2020		2019		2018
Unrealized gains on available-for-sale debt securities
Beginning balance at January 1	$	510	$	—	$	—
Pre-tax change	236		683		—
Tax effect	(60)		(173)		—
Total other comprehensive income, net of tax	$	686	$	510	$	—

Accrued expenses and other liabilities (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Payables and Accruals [Abstract]

Schedule of Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities include the following:


	June 30, 2021		December 31, 2020
Employee compensation and benefits	$	23,168	$	23,899
Other	15,239		9,145
Total accrued expenses and other liabilities	$	38,407	$	33,044

Accrued expenses and other liabilities include the following:


	December 31
	2020		2019
Employee compensation and benefits	$	23,899	$	16,575
Other	9,145		8,111
Total accrued expenses and other liabilities	$	33,044	$	24,686

Description of Organization and Business Operations (Details) - Capitol Investment Corp. V - USD ($)					1 Months Ended		6 Months Ended		12 Months Ended
	Jul. 15, 2021	Apr. 20, 2021	Mar. 02, 2021	Dec. 04, 2020	May 31, 2021	Feb. 28, 2021	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2021	Jul. 31, 2021	Dec. 31, 2019
Description of Organization and Business Operations (Details) [Line Items]
Initial public offering units (in Shares)				34,500,000
Over-allotment option, per share (in Dollars per share)				$ 10.00
Gross proceeds of public offering				$ 345,000,000
Transaction costs				19,469,085
Underwriting fees				6,900,000
Deferred underwriting fee				12,075,000
Other offering costs				$ 494,085
Closing initial public offering							$ 12,075,000		$ 12,075,000
Initial public offering price per unit (in Dollars per share)				$ 10.00
Sponsor, description									The Sponsors have agreed that they will be liable jointly and severally to the Company if and to the extent any claims by a third party for services rendered or products sold to the Company, or a prospective target business with which the Company has entered into a written letter of intent, confidentiality or other similar agreement or business combination agreement, reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per Public Share and (ii) the actual amount per share held in the Trust Account as of the date of the liquidation of the Trust Account, if less than $10.00 per share due to reductions in the value of the trust assets, less taxes payable, provided that such liability will not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) nor will it apply to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). However, there can be no assurance that they will be able to satisfy those obligations should they arise
Redeem public shares, percentage				100.00%					20.00%
Net tangible assets									$ 5,000,001
Dissolution expenses				$ 100,000
Trust account price per share (in Dollars per share)				$ 10.00
Marketable securities held in Trust Account							345,013,964		345,012,580			$ 0
working capital							634,140		1,230,730
Franchise and income taxes payable							100,000		18,454
Amount deposit in trust account							14,000		$ 12,600
Loans						$ 970,000
Sale of stock, number of shares (in Shares)				34,500,000
Cash withdrawn from Trust Account for franchise taxes							51,661	$ 0
Outstanding under such promissory notes				$ 250,000			$ 700,000
Warrants price, per share (in Dollars per share)						$ 1.50	$ 1.50		$ 1.50	$ 1.50
Subsequent Event
Description of Organization and Business Operations (Details) [Line Items]
Loans					$ 756,000	$ 970,000
Additional loans											$ 627,000
Warrants					$ 2,000,000	$ 2,000,000
Promissory notes issued	$ 370,000	$ 370,000
Warrant Liabilities
Description of Organization and Business Operations (Details) [Line Items]
Transaction costs				$ 873,424
Class A Common Stock
Description of Organization and Business Operations (Details) [Line Items]
Initial public offering units (in Shares)				4,500,000
Initial Public Offering
Description of Organization and Business Operations (Details) [Line Items]
Closing initial public offering				$ 345,000,000
PIPE Investors \| Class A Common Stock
Description of Organization and Business Operations (Details) [Line Items]
Proceeds from consideration on sale of shares			$ 300,000,000
Sale of stock, number of shares (in Shares)			30,000,000
Founders Warrant
Description of Organization and Business Operations (Details) [Line Items]
Initial public offering units (in Shares)				5,833,333
Board of Directors
Description of Organization and Business Operations (Details) [Line Items]
Gross proceeds of public offering				$ 8,750,000

Restatement of Previously Issued Financial Statements (Details) - Capitol Investment Corp. V	Dec. 31, 2020 shares
Class of Warrant or Right [Line Items]
Common stock shares subject to possible redemption.	29,846,985
Public Warrant
Class of Warrant or Right [Line Items]
Warrants outstanding	11,500,000
Redeemable Warrant
Class of Warrant or Right [Line Items]
Warrants outstanding	5,833,333

Restatement of Previously Issued Financial Statements - Adjusted Financials (Details) - USD ($)	1 Months Ended	3 Months Ended				6 Months Ended		12 Months Ended
	Dec. 31, 2020	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 04, 2020
Class of Warrant or Right [Line Items]
Total Liabilities	$ 175,002,000	$ 256,856,000				$ 256,856,000		$ 175,002,000	$ 180,643,000
Common stock value	1,000	1,000				1,000		1,000	1,000
Additional paid-in capital	266,464,000	291,802,000				291,802,000		266,464,000	192,852,000
Accumulated deficit	(79,123,000)	(114,180,000)				(114,180,000)		(79,123,000)	(44,020,000)
Net loss		(23,299,000)	$ (11,758,000)	$ (6,332,000)	$ (16,586,000)	(35,057,000)	$ (22,918,000)	(35,103,000)	(27,137,000)	$ (12,047,000)
Capitol Investment Corp. V
Class of Warrant or Right [Line Items]
Warrant liabilities	30,680,000	22,880,000				22,880,000		30,680,000	0		$ 23,053,333
Total Liabilities	42,870,461	36,336,742				36,336,742		42,870,461	151,935		35,128,333
Class A common stock subject to possible redemption	298,469,850	345,000,000				345,000,000		298,469,850	0		306,230,947
Additional paid-in capital	13,654,828	0				0		13,654,828	24,137		5,893,808
Accumulated deficit	(8,656,150)	(35,676,039)				(35,676,039)		(8,656,150)	(11,142)		(895,052)
Formation and operating costs		858,357		277		1,998,077	297	1,030,921	3,769
Change in fair value of warrant liabilities	(7,626,667)	520,000		0		7,800,000	0	(7,626,667)	0
Other income, net		527,526		0		7,853,045	0	(7,614,087)	0
Net loss		$ (330,831)	$ 6,185,799	$ (277)	$ (20)	$ 5,854,968	$ (297)	(8,645,008)	(3,769)
Weighted average shares outstanding, basic and diluted (in Shares)		12,659,435		7,500,000		12,967,016	7,500,000
Basic and diluted net loss per common share (in Dollars per share)		$ (0.03)		$ 0		$ 0.45	$ 0
Sale of 34,500,000 Units, net of underwriting discounts								311,109,339
Sale of 5,833,333 Founders’ Warrants								991,667
Transaction costs allocable to warrant liabilities								873,424	0
Initial classification of Class A common stock subject to redemption								306,230,947	0
Change in value of Class A common stock subject to possible redemption						$ 46,530,150	$ 0	(7,761,097)	0
Initial measurement of warrants issued in connection with initial public offering accounting for as liabilities								23,053,333	0
Additional Paid-in Capital \| Capitol Investment Corp. V
Class of Warrant or Right [Line Items]
Net loss								0	0
Sale of 34,500,000 Units, net of underwriting discounts								311,105,889
Sale of 5,833,333 private placement warrants – Additional Paid in Capital								0
Sale of 5,833,333 Founders’ Warrants								991,667
Class A Common Stock \| Capitol Investment Corp. V
Class of Warrant or Right [Line Items]
Common stock value	465	$ 0				0		465	$ 0		388
Net loss		0		$ 0		0	0	$ 10,883
Weighted average shares outstanding, basic and diluted (in Shares)								29,846,985	0
Basic and diluted net loss per common share (in Dollars per share)								$ 0.00	$ 0
Nonredeemable Common Stock \| Capitol Investment Corp. V
Class of Warrant or Right [Line Items]
Net loss		$ (330,831)		$ (277)		$ 5,854,968	$ (297)	$ (8,655,891)
Weighted average shares outstanding, basic and diluted (in Shares)								7,868,993	7,500,000
Basic and diluted net loss per common share (in Dollars per share)								$ (1.10)	$ (0.00)
Previously Reported \| Capitol Investment Corp. V
Class of Warrant or Right [Line Items]
Warrant liabilities	0							$ 0			0
Total Liabilities	12,190,461							12,190,461			12,075,000
Class A common stock subject to possible redemption	329,149,850							329,149,850			329,284,280
Additional paid-in capital	5,155,043							5,155,043			5,020,615
Accumulated deficit	(156,059)							(156,059)			(21,628)
Formation and operating costs								157,497
Change in fair value of warrant liabilities								0
Other income, net								12,580
Net loss								(144,917)
Transaction costs allocable to warrant liabilities								0
Initial classification of Class A common stock subject to redemption								329,284,280
Change in value of Class A common stock subject to possible redemption								(134,430)
Initial measurement of warrants issued in connection with initial public offering accounting for as liabilities								0
Previously Reported \| Additional Paid-in Capital \| Capitol Investment Corp. V
Class of Warrant or Right [Line Items]
Sale of 34,500,000 Units, net of underwriting discounts								325,527,465
Sale of 5,833,333 private placement warrants – Additional Paid in Capital								8,750,000
Sale of 5,833,333 Founders’ Warrants								0
Previously Reported \| Class A Common Stock \| Capitol Investment Corp. V
Class of Warrant or Right [Line Items]
Common stock value	159							$ 159			157
Weighted average shares outstanding, basic and diluted (in Shares)								32,914,985
Previously Reported \| Nonredeemable Common Stock \| Capitol Investment Corp. V
Class of Warrant or Right [Line Items]
Weighted average shares outstanding, basic and diluted (in Shares)								7,698,927
Basic and diluted net loss per common share (in Dollars per share)								$ (0.02)
Revision of Prior Period, Adjustment \| Capitol Investment Corp. V
Class of Warrant or Right [Line Items]
Warrant liabilities	30,680,000							$ 30,680,000			23,053,333
Total Liabilities	30,680,000							30,680,000			23,053,333
Class A common stock subject to possible redemption	(30,680,000)							(30,680,000)			(23,053,333)
Additional paid-in capital	8,499,785							8,499,785			873,193
Accumulated deficit	(8,500,091)							(8,500,091)			(873,424)
Formation and operating costs								873,424
Change in fair value of warrant liabilities								(7,626,667)
Other income, net								(7,626,667)
Net loss								(8,500,091)
Transaction costs allocable to warrant liabilities								873,424
Initial classification of Class A common stock subject to redemption								(23,053,333)
Change in value of Class A common stock subject to possible redemption								(7,626,667)
Initial measurement of warrants issued in connection with initial public offering accounting for as liabilities								23,053,333
Revision of Prior Period, Adjustment \| Additional Paid-in Capital \| Capitol Investment Corp. V
Class of Warrant or Right [Line Items]
Sale of 34,500,000 Units, net of underwriting discounts								(14,421,576)
Sale of 5,833,333 private placement warrants – Additional Paid in Capital								(8,750,000)
Sale of 5,833,333 Founders’ Warrants								991,667
Revision of Prior Period, Adjustment \| Class A Common Stock \| Capitol Investment Corp. V
Class of Warrant or Right [Line Items]
Common stock value	$ 306							$ 306			$ 231
Weighted average shares outstanding, basic and diluted (in Shares)								(3,068,000)
Revision of Prior Period, Adjustment \| Nonredeemable Common Stock \| Capitol Investment Corp. V
Class of Warrant or Right [Line Items]
Weighted average shares outstanding, basic and diluted (in Shares)								170,066
Basic and diluted net loss per common share (in Dollars per share)								$ (1.08)

Summary of Significant Accounting Policies (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 04, 2020	Dec. 31, 2019
Summary Of Significant Accounting Policies [Line Items]
Sale of stock, description		the Company first allocated the proceeds to the Public Warrants based on their initial fair value measurement of $15,295,000 and then allocated the remaining proceeds, net of underwriting discounts and offering costs of $19,469,085, to the Class A common stock . A portion of the 34,500,000 Class A common stocks are presented within temporary equity, as certain shares are subject to redemption upon the occurrence of events not solely within the Company’s control. Similarly, the Company first allocated the proceeds of the Private Placement Warrants based on their initial fair value measurement of $7,758,333 and then allocated the remaining proceeds of $991,667 to the Class A common stock as additional paid in capital.
Common stock, shares outstanding	11,010,181	10,480,902			10,480,902
Capitol Investment Corp. V
Summary Of Significant Accounting Policies [Line Items]
Emerging growth, description		(1) the market value of its Class A common stock held by non-affiliates exceeds $250 million as of the end of that fiscal year’s second fiscal quarter, or (2) the Company’s annual revenues exceeded $100 million during such completed fiscal year and the market value of its Class A common stock held by non-affiliates exceeds $700 million as of the end of that fiscal year’s second fiscal quarter.
Federal depository insurance coverage	$ 250,000		$ 250,000
Initial fair value measurement of warrants				$ 15,295,000
Class A Common Stock \| Capitol Investment Corp. V
Summary Of Significant Accounting Policies [Line Items]
Common stock, shares outstanding	0	4,653,015		34,500,000	0
Founders Warrant \| Capitol Investment Corp. V
Summary Of Significant Accounting Policies [Line Items]
Effect of warrants sold in initial public offering and private placement to purchase shares of common stock	17,333,333	17,333,333

Summary of Significant Accounting Policies - Earnings per Share (Details) - USD ($)	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Summary Of Significant Accounting Policies [Line Items]
Net loss	$ (23,299,000)	$ (11,758,000)	$ (6,332,000)	$ (16,586,000)	$ (35,057,000)	$ (22,918,000)	$ (35,103,000)	$ (27,137,000)	$ (12,047,000)
Capitol Investment Corp. V
Summary Of Significant Accounting Policies [Line Items]
Interest earned on marketable securities held in Trust Account					53,045	0	14,781	0
Net loss	$ (330,831)	$ 6,185,799	$ (277)	$ (20)	$ 5,854,968	$ (297)	(8,645,008)	$ (3,769)
Basic and diluted weighted average shares outstanding (in shares)	30,465,565		0		30,157,984	0
Basic and diluted net income per share (in Dollars per share)	$ 0		$ 0		$ 0	$ 0
Basic and diluted weighted average shares outstanding, Non-redeemable common stock (in shares)	12,659,435		7,500,000		12,967,016	7,500,000
Basic and diluted net income (loss) per share, Non-redeemable common stock (in Dollars per share)	$ (0.03)		$ (0.00)		$ 0.45	$ (0.00)
Weighted average shares outstanding, basic and diluted (in Shares)	12,659,435		7,500,000		12,967,016	7,500,000
Basic and diluted net loss per common share (in Dollars per share)	$ (0.03)		$ 0		$ 0.45	$ 0
Class A Common Stock \| Capitol Investment Corp. V
Summary Of Significant Accounting Policies [Line Items]
Interest earned on marketable securities held in Trust Account	$ 0		$ 0		$ 0	$ 0	10,883
Net loss	0		0		0	0	10,883
Less: Net income allocable to Class A common stock subject to possible redemption							$ (10,883)
Weighted average shares outstanding, basic and diluted (in Shares)							29,846,985	0
Basic and diluted net loss per common share (in Dollars per share)							$ 0.00	$ 0
Nonredeemable Common Stock \| Capitol Investment Corp. V
Summary Of Significant Accounting Policies [Line Items]
Net loss	$ (330,831)		$ (277)		$ 5,854,968	$ (297)	$ (8,655,891)
Weighted average shares outstanding, basic and diluted (in Shares)							7,868,993	7,500,000
Basic and diluted net loss per common share (in Dollars per share)							$ (1.10)	$ (0.00)

Initial Public Offering (Details) - Capitol Investment Corp. V - $ / shares		6 Months Ended	12 Months Ended
	Dec. 04, 2020	Jun. 30, 2021	Dec. 31, 2020
Initial Public Offering [Line Items]
Sale of stock, number of shares (in Shares)	34,500,000
Offering price per unit shares (in usd per share)	$ 10.00		$ 10.00
Total equity proceeds percentage	60.00%
Exercise price	$ 9.20
Market value percentage	115.00%
Redemption trigger price	$ 18.00
Over-Allotment Option [Member]
Initial Public Offering [Line Items]
Sale of stock, number of shares (in Shares)	4,500,000
Class A Common Stock
Initial Public Offering [Line Items]
Purchase price of per share	$ 11.50
Issue price	$ 9.20
Market value percentage	180.00%
Redemption trigger price	$ 10.00
Redemption of warrants			$ 18.00
Warrants be exercisable (in Shares)		0.361	0.361
Class A Common Stock \| Exceeds $18.00 [Member]
Initial Public Offering [Line Items]
Description of warrants			Once the Warrants become exercisable, the Company may call the Warrants for redemption:•in whole and not in part;•at a price of $0.01 per Warrant;•upon not less than 30 days’ prior written notice of redemption to each Warrant holder; and•if, and only if, the last reported sale price of the Class A common stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like and for certain issuances of Class A common stock and equity-linked securities as described above) for any 20 trading days within a 30-trading day period ending three business days before the Company sends to the notice of redemption to the Warrant holders.
Class A Common Stock \| Exceeds $10.00 [Member]
Initial Public Offering [Line Items]
Description of warrants			Once the Warrants become exercisable, the Company may redeem the outstanding Warrants:•in whole and not in part;•at $0.10 per Warrant upon a minimum of 30 days’ prior written notice of redemption; provided that holders will be able to exercise their Warrants prior to redemption and receive a number of shares based on the redemption date and the “fair market value” of Class A common stock except as otherwise described below;•if, and only if, the last reported sale price of Class A common stock equals or exceeds $10.00 per share (as adjusted per stock splits, stock dividends, reorganizations, reclassifications, recapitalizations and the like and for certain issuances of Class A common stock and equity-linked securities as described above) on the trading day prior to the date on which the Company sends the notice of redemption to the Warrant holders; and•if, and only if, the last reported sale price of Class A common stock is less than $18.00 per share (as adjusted for stock for stock splits, stock dividends, reorganizations, recapitalizations and the like and for certain issuances of Class A common stock and equity-linked securities), the Founders’ Warrants are also concurrently called for redemption on the same terms as the outstanding Warrants, as described above.

Private Placement (Details) - USD ($)		6 Months Ended
Private Placement (Details) - USD ($)	Dec. 04, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Private Placement (Details) [Line Items]
Proceeds received from the founder warrants purchase		$ 49,000	$ 0
Capitol Investment Corp. V
Private Placement (Details) [Line Items]
Unit price per share (in usd per share)	$ 10.00			$ 10.00
Proceeds received from the founder warrants purchase	$ 6,900,000
Founders Warrant \| Capitol Investment Corp. V
Private Placement (Details) [Line Items]
Unit price per share (in usd per share)	$ 1.50
Private Placement \| Capitol Investment Corp. V
Private Placement (Details) [Line Items]
Aggregate purchase price amount	$ 8,750,000
Private Placement \| Founders Warrant \| Capitol Investment Corp. V
Private Placement (Details) [Line Items]
Aggregate purchase of founder warrants (in Shares)	5,833,333
Unit price per share (in usd per share)	$ 1.50

Related Party Transactions (Details) - Capitol Investment Corp. V - USD ($)					1 Months Ended		6 Months Ended	12 Months Ended
	Jul. 15, 2021	Apr. 20, 2021	Dec. 04, 2020	Dec. 01, 2020	May 31, 2021	Feb. 28, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2021	Feb. 21, 2020	Oct. 20, 2017
Related Party Transactions (Details) [Line Items]
Sponsor services fees				$ 20,000			$ 1,800	$ 20,000
Fees incurred							120,000
Unsecured promissory note										$ 250,000
Additional unsecured promissory note										50,000
Outstanding under such promissory notes			$ 250,000				$ 700,000
Loans						$ 970,000
Warrants price, per share (in Dollars per share)						$ 1.50	$ 1.50	$ 1.50	$ 1.50
Subsequent Event
Related Party Transactions (Details) [Line Items]
Loans					$ 756,000	$ 970,000
Warrants					$ 2,000,000	2,000,000
Promissory notes issued	$ 370,000	$ 370,000
Sponsors and Independent Directors [Member] \| Subsequent Event
Related Party Transactions (Details) [Line Items]
Aggregate loan amount						970,000
Promissory Note						$ 2,000,000
Price per warrant (in Dollars per share)						$ 1.50
Sponsors [Member]
Related Party Transactions (Details) [Line Items]
Unsecured promissory note										$ 50,000	$ 150,000

Commitments and Contingencies (Details) - Capitol Investment Corp. V - USD ($)		3 Months Ended	6 Months Ended	12 Months Ended
	Mar. 02, 2021	Jun. 30, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2021	Feb. 28, 2021
Loss Contingencies [Line Items]
Contingent fees			$ 2,963,000	$ 404,000
Convertible loans into warrants			$ 2,000,000	$ 2,000,000
Warrants of price (in Dollars per share)		$ 1.50	$ 1.50	$ 1.50	$ 1.50	$ 1.50
Deferred fee percentage			3.50%	3.50%
Gross proceeds of the initial public offering			$ 12,075,000	$ 12,075,000
Aggregate annual fees			74,167	62,500
Aggregate success fees			1,380,000	1,100,000
Accrual amount		$ 0	0	$ 38,300	$ 38,300
Incurred paid amount		$ 222,500	$ 411,000
Subscription Arrangement
Loss Contingencies [Line Items]
Common stock, value, subscriptions	$ 30,000,000
Aggregate purchase price	$ 300,000,000

Permanent Equity and Temporary Equity (Details) - USD ($)		1 Months Ended	6 Months Ended	12 Months Ended
	Nov. 03, 2020	Oct. 31, 2017	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 22, 2020	Dec. 04, 2020	Dec. 31, 2019	May 31, 2017
Stockholders' Equity (Details) [Line Items]
Common stock, shares authorized			54,000,000	54,000,000		54,000,000		54,000,000
Common stock, par value (in Dollars per share)			$ 0.0001	$ 0.0001		$ 0.0001		$ 0.0001
Common stock, shares outstanding			11,010,181	10,480,902				10,480,902
Common stock, shares issued			11,010,181	10,480,902				10,480,902
Capitol Investment Corp. V
Stockholders' Equity (Details) [Line Items]
Preferred stock, shares authorized			1,000,000	1,000,000				1,000,000
Preferred stock par value (in Dollars per share)			$ 0.0001	$ 0.0001				$ 0.0001
Preferred stock, shares issued (in shares)			0	0				0
Preferred stock, shares outstanding (in shares)			0	0				0
Dividens shares		0.17
Number includes an aggregate sahres	1,125,000
Founder shares transferred, description				(i) the last sales price of the Company’s Class A common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing at least 150 days after the initial Business Combination or (ii) the Company consummates a subsequent liquidation, merger, stock exchange or other similar transaction which results in all of the Company’s stockholders having the right to exchange their common stock for cash, securities or other property.
Converted shares, percentage			20.00%		20.00%
Common stock shares subject to possible redemption.				29,846,985
Temporary equity, par or stated value (in Dollars per share)			$ 10.00
Tangible asset impairment charges			$ 5,000,001
Common stock subject to possible redemption value			$ 345,000,000
Class B Common Stock \| Capitol Investment Corp. V
Stockholders' Equity (Details) [Line Items]
Common stock, shares authorized			50,000,000	50,000,000	50,000,000			50,000,000
Common stock, par value (in Dollars per share)			$ 0.0001	$ 0.0001	$ 0.0001			$ 0.0001
Common stock, shares outstanding			8,625,000	8,625,000				8,625,000
Common stock, shares issued			8,625,000	8,625,000				8,625,000
Class A Common Stock \| Capitol Investment Corp. V
Stockholders' Equity (Details) [Line Items]
Preferred stock, shares outstanding (in shares)			0
Common stock, shares authorized			400,000,000	400,000,000	400,000,000			400,000,000
Common stock, par value (in Dollars per share)			$ 0.0001	$ 0.0001				$ 0.0001
Common stock, shares outstanding			0	4,653,015			34,500,000	0
Purchase price of per share							$ 11.50
Common stock, shares issued			0	4,653,015				0
Common stock shares subject to possible redemption.			34,500,000	29,846,985
Sponsors [Member] \| Capitol Investment Corp. V
Stockholders' Equity (Details) [Line Items]
Sponsors holding shares	8,625,000
Sponsors [Member] \| Class B Common Stock \| Capitol Investment Corp. V
Stockholders' Equity (Details) [Line Items]
Common stock, shares outstanding									8,625,000
Purchase price of per share									$ 0.003
Dividend price (in Dollars)									$ 25,000
Founder shares \| Capitol Investment Corp. V
Stockholders' Equity (Details) [Line Items]
Founder shares	1,125,000

Income Tax (Details) - USD ($)	12 Months Ended
Income Tax (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Valuation Allowance [Line Items]
Change in the valuation allowance	$ 11,707,000	$ 6,871,000	$ 2,986,000
Valuation allowance, percentage	(34.20%)	(25.70%)	(24.00%)
Capitol Investment Corp. V
Valuation Allowance [Line Items]
Federal and state net operating loss	$ 160,318
Change in the valuation allowance	$ 39,098	$ 791
Valuation allowance, percentage	100.00%
Income tax, description	The CARES Act allowed net operating loss incurred in 2018-2020 to be carried back five years or carried forward indefinitely, and to be fully utilized without being subjected to the 80% taxable income limitation. Net operating losses incurred after December 31, 2020 will be subjected to the 80% taxable income limitation. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion, or all, of the deferred tax asset will be realized. The ultimate realization of deferred tax assets is dependent upon the Company attaining future taxable income during periods in which those temporary differences become deductible.

Income Tax (Details) - Schedule of deferred tax assets - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets
Net operating loss carryforward	$ 12,765,000	$ 5,356,000
Valuation Allowance	(23,330,000)	(11,623,000)
Deferred tax assets, net of allowance	3,366,000	1,988,000
Capitol Investment Corp. V
Deferred tax assets
Net operating loss carryforward	43,286	791
Unrealized gain on marketable securities	(3,397)	0
Total deferred tax assets	39,889	791
Valuation Allowance	(39,889)	(791)
Deferred tax assets, net of allowance	$ 0	$ 0

Income Tax (Details) - Schedule of income tax provision - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Federal
Current					$ 0	$ 0	$ 0
Deferred					101,000	217,000	0
State and Local
Current					144,000	110,000	0
Deferred					598,000	60,000	0
Change in valuation allowance					11,707,000	6,871,000	2,986,000
Income tax provision	$ 211,000	$ 241,000	$ 336,000	$ 416,000	843,000	387,000	$ 0
Capitol Investment Corp. V
Federal
Current					0	0
Deferred					(30,431)	(791)
State and Local
Current					0	0
Deferred					(8,667)	0
Change in valuation allowance					39,098	791
Income tax provision	$ 0	$ 0	$ 0	$ 0	0	$ 0
Federal and state net operating loss					$ 160,318

Income Tax (Details) - Schedule of reconciliation of the federal income tax rate	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Valuation Allowance [Line Items]
Statutory federal income tax rate			21.00%	21.00%	21.00%
State taxes, net of federal tax benefit			7.10%	4.70%	8.00%
Income tax provision	(1.00%)	(1.00%)	(2.50%)	(1.50%)	0.00%
Capitol Investment Corp. V
Valuation Allowance [Line Items]
Statutory federal income tax rate			21.00%	21.00%
State taxes, net of federal tax benefit			6.00%	0.00%
Change in valuation of warrant liability			(23.80%)	0.00%
Transaction costs allocable to warrant liability			(2.70%)	0.00%
Valuation allowance			(0.50%)	(21.00%)
Income tax provision			0.00%	0.00%

Fair Value Measurements (Details) - Schedule of air value on a recurring basis - Capitol Investment Corp. V - USD ($)	Dec. 31, 2021	Jun. 30, 2021	Feb. 28, 2021	Dec. 31, 2020	Dec. 04, 2020	Dec. 31, 2019
Fair Value Measurements (Details) - Schedule of air value on a recurring basis [Line Items]
Warrants and rights outstanding, term				5 years
Warrants price, per share (in Dollars per share)	$ 1.50	$ 1.50	$ 1.50	$ 1.50
Initial fair value measurement of warrants					$ 15,295,000
Warrant liabilities		$ 22,880,000		$ 30,680,000	$ 23,053,333	$ 0
Warrants and Rights Outstanding, Value Per Warrant					$ 1.33
Class Of Warrant Or Right, Redemption Value				$ 18.00
Class A Common Stock
Fair Value Measurements (Details) - Schedule of air value on a recurring basis [Line Items]
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right				1
Public Warrant
Fair Value Measurements (Details) - Schedule of air value on a recurring basis [Line Items]
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right				0.33
Warrant liabilities		15,180,000		$ 20,355,000	$ 15,295,000	0
Private Placement Warrant
Fair Value Measurements (Details) - Schedule of air value on a recurring basis [Line Items]
Warrant liabilities		7,700,000		10,325,000	$ 7,758,333	$ 0
Level 1
Fair Value Measurements (Details) - Schedule of air value on a recurring basis [Line Items]
Marketable securities held in Trust Account		345,013,964		345,012,580
Level 1 \| Public Warrant
Fair Value Measurements (Details) - Schedule of air value on a recurring basis [Line Items]
Warrant liabilities		15,180,000
Level 2 \| Private Placement Warrant
Fair Value Measurements (Details) - Schedule of air value on a recurring basis [Line Items]
Warrant liabilities		$ 7,700,000
Level 3 \| Public Warrant
Fair Value Measurements (Details) - Schedule of air value on a recurring basis [Line Items]
Warrant liabilities				20,355,000
Level 3 \| Private Placement Warrant
Fair Value Measurements (Details) - Schedule of air value on a recurring basis [Line Items]
Warrant liabilities				$ 10,325,000

Fair Value Measurements - Measurement Inputs (Details) - Capitol Investment Corp. V	Dec. 31, 2020 $ / shares	Dec. 04, 2020 $ / shares
Fair Value Measurements (Details) - Schedule of fair value on recurring basis [Line Items]
Fair value of units (in dollars per share)	$ 9.71	$ 9.56
Risk-free interest rate
Fair Value Measurements (Details) - Schedule of fair value on recurring basis [Line Items]
Measurement input	0.0045	0.0053
Expected term (Years)
Fair Value Measurements (Details) - Schedule of fair value on recurring basis [Line Items]
Measurement input	5.0	5.0
Expected volatility
Fair Value Measurements (Details) - Schedule of fair value on recurring basis [Line Items]
Measurement input	0.280	0.230
Exercise price
Fair Value Measurements (Details) - Schedule of fair value on recurring basis [Line Items]
Measurement input	11.50	11.50

Fair Value Measurements - Change in Fair Value of Warrants (Details) - Capitol Investment Corp. V - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Warrant Liabilities at Fair Value [Roll Forward]
Warrants and Rights Outstanding	$ 23,053,333			$ 30,680,000	$ 0	$ 0
Change in fair value of warrant liabilities	7,626,667	$ (520,000)	$ 0	(7,800,000)	0	7,626,667	$ 0
Warrants and Rights Outstanding	30,680,000	22,880,000		22,880,000		30,680,000	0
Private Placement Warrant
Warrant Liabilities at Fair Value [Roll Forward]
Warrants and Rights Outstanding	7,758,333			10,325,000	0	0
Change in fair value of warrant liabilities	2,566,667			(2,625,000)
Warrants and Rights Outstanding	10,325,000	7,700,000		7,700,000		10,325,000	0
Public Warrant
Warrant Liabilities at Fair Value [Roll Forward]
Warrants and Rights Outstanding	15,295,000			20,355,000	$ 0	0
Change in fair value of warrant liabilities	5,060,000			(5,175,000)
Warrants and Rights Outstanding	$ 20,355,000	$ 15,180,000		$ 15,180,000		$ 20,355,000	$ 0

Subsequent Events (Details) - Subsequent Event - Capitol Investment Corp. V - USD ($)			1 Months Ended
	Jul. 15, 2021	Apr. 20, 2021	Jul. 31, 2021
Subsequent Event [Line Items]
Promissory notes issued	$ 370,000	$ 370,000
Payments of loan costs			$ 627,000

Organization and business operations (Details)	6 Months Ended	12 Months Ended
Organization and business operations (Details)	Jun. 30, 2021 state segment	Dec. 31, 2020 state segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of states operated in \| state	39	39
Number of reportable segments \| segment	2	2

Summary of significant accounting policies - Narrative (Details)			1 Months Ended	2 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Feb. 24, 2021	Feb. 23, 2021	Feb. 29, 2020 USD ($)	Feb. 23, 2021	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)	Jun. 30, 2021 USD ($) treaty	Jun. 30, 2020 USD ($)	Dec. 31, 2020 USD ($) treaty	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Mar. 31, 2021 USD ($)
Property, Plant and Equipment [Line Items]
Income tax provision							(1.00%)	(1.00%)	(2.50%)	(1.50%)	0.00%
Operating loss carryforwards, subject to expiration					$ 200,000		$ 200,000		$ 200,000
Restricted cash					1,707,000		1,707,000		129,000	$ 8,322,000
Allowance for doubtful accounts									500,000	200,000
Proceeds from sale of title plant							$ 239,000	$ 1,183,000	$ 1,585,000	0	$ 0
Number of reinsurance treaties \| treaty							2		2
Accrued payments for interest and penalties									$ 0	0	0
Advertising expenses									3,100,000	2,700,000	$ 0
Excess Of Loss Treaty
Property, Plant and Equipment [Line Items]
Retention limit							$ 15,000,000		15,000,000
Maximum amount reinsured							500,000,000		500,000,000
Quota Share Treaty
Property, Plant and Equipment [Line Items]
Reinsured percentage	25.00%	100.00%		100.00%		100.00%
Title Plant
Property, Plant and Equipment [Line Items]
Impairment of title plants					0	$ 0	0	$ 0	0	0
Proceeds from sale of title plant			$ 3,200,000
Gain on sale of title plant			$ 200,000
Accrued Liabilities And Other Liabilities
Property, Plant and Equipment [Line Items]
Net deferred tax liability					$ 1,000,000.0		$ 1,000,000.0		$ 1,000,000.0			$ 1,000,000.0
Trade Names
Property, Plant and Equipment [Line Items]
Useful life of intangible assets									7 years
Amortization expense									$ 2,300,000	$ 800,000
Remaining amortization expense year one									2,700,000
Trade Names \| Intangible Assets, Amortization Period
Property, Plant and Equipment [Line Items]
Amortization expense									$ 1,500,000

Summary of significant accounting policies - Summary of useful lives assigned to fixed assets (Details)	12 Months Ended
	Dec. 31, 2020
Furniture and equipment
Property, Plant and Equipment [Line Items]
Useful lives	5 years
Computer equipment
Property, Plant and Equipment [Line Items]
Useful lives	3 years
Software \| Minimum
Property, Plant and Equipment [Line Items]
Useful lives	3 years
Software \| Maximum
Property, Plant and Equipment [Line Items]
Useful lives	8 years
Internally developed software
Property, Plant and Equipment [Line Items]
Useful lives	5 years
Software and Software Development \| Minimum
Property, Plant and Equipment [Line Items]
Useful lives	3 years
Software and Software Development \| Maximum
Property, Plant and Equipment [Line Items]
Useful lives	8 years

Summary of significant accounting policies - Title Plants (Details) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Feb. 29, 2020	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Indefinite-lived Intangible Assets [Line Items]
Proceeds from sale of title plant				$ 239,000	$ 1,183,000	$ 1,585,000	$ 0	$ 0
Title Plant
Indefinite-lived Intangible Assets [Line Items]
Impairment of title plants		$ 0	$ 0	$ 0	$ 0	$ 0	$ 0
Proceeds from sale of title plant	$ 3,200,000
Gain on sale of title plant	$ 200,000

Summary of significant accounting policies - Schedule of trade names (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Total trade names, net	$ 0	$ 2,684	$ 5,032
Trade Names
Finite-Lived Intangible Assets [Line Items]
Trade names		5,871	5,871
Accumulated amortization		(3,187)	(839)
Total trade names, net		$ 2,684	$ 5,032

Summary of significant accounting policies - Reinsurance (Details) $ in Millions			2 Months Ended	3 Months Ended	6 Months Ended	12 Months Ended
	Feb. 24, 2021	Feb. 23, 2021	Feb. 23, 2021	Jun. 30, 2020	Jun. 30, 2021 USD ($) treaty	Dec. 31, 2020 USD ($) treaty
Reinsurance Retention Policy [Line Items]
Number of reinsurance treaties \| treaty					2	2
Excess Of Loss Treaty
Reinsurance Retention Policy [Line Items]
Retention limit					$ 15	$ 15
Maximum amount reinsured					$ 500	$ 500
Quota Share Treaty
Reinsurance Retention Policy [Line Items]
Reinsured percentage	25.00%	100.00%	100.00%	100.00%

Summary of significant accounting policies - Schedule of gross premiums written and ceded premiums (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2021

^[1]

Jun. 30, 2020

^[1]

Jun. 30, 2021

^[1]

Jun. 30, 2020

^[1]

Dec. 31, 2020

Dec. 31, 2019

Dec. 31, 2018

Reinsurance Retention Policy [Line Items]

Gross premiums written

$ 349,636

$ 294,159

$ 0

Ceded premiums

(4,028)

(1,452)

Premiums Written, Net | Product Concentration Risk | Amount Assumed To Net Premiums

$ 109,271

$ 86,334

$ 217,263

$ 143,151

$ 345,608

^[2]

$ 292,707

^[2]

$ 0

^[2]

Reinsurance Retention Policy [Line Items]

Concentration risk percent

98.80%

99.50%

0.00%

[1]	Net premiums written includes revenues from a related party of $27.0 million and $24.3 million during the three months ended June 30, 2021 and 2020, respectively. Net premiums written includes revenues from a related party of $51.6 million and $41.3 million during the six months ended June 30, 2021 and 2020, respectively (see Note 10).
[2]	Net premiums written includes revenues from a related party of $88.6 million and $73.1 million during the years ended December 31, 2020 and 2019, respectively (see Note 14).

Business combinations - Narrative (Details) - North American Title Acquisition - USD ($) $ in Thousands		12 Months Ended
	Jan. 07, 2019	Dec. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Total consideration transferred	$ 171,680
Transaction costs			$ 800	$ 1,700
Total revenues		$ 355,900

Business combinations - Schedule of additional information on total consideration transferred (Details) - North American Title Acquisition $ in Thousands	Jan. 07, 2019 USD ($)
Business Acquisition [Line Items]
Total consideration transferred	$ 171,680
Notes Payable, Related Party
Business Acquisition [Line Items]
NATG liabilities	87,000
Notes Payable Assumed, Related Party
Business Acquisition [Line Items]
NATG liabilities	65
Preferred Stock
Business Acquisition [Line Items]
Issuance of equity	50,142
Preferred Stock Warrants
Business Acquisition [Line Items]
Issuance of equity	$ 34,473

Business combinations - Schedule of purchase price allocation (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019	Jan. 07, 2019	Dec. 31, 2018
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Goodwill	$ 111,487	$ 111,487	$ 111,487		$ 0
North American Title Acquisition
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Cash				$ 35,704
Restricted cash				1,566
Investments				61,398
Receivables				15,239
Fixed assets				1,659
Prepaid expenses, deposits and other assets				2,197
Title plants				16,993
Trade names				5,871
Total identifiable assets acquired				140,627
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Accounts payable				(9,409)
Accrued expenses and other liabilities				(12,218)
Liability for loss and loss adjustment expenses				(59,266)
Total liabilities assumed				(80,893)
Net identifiable assets acquired				59,734
Goodwill				111,946
Total consideration transferred				$ 171,680

Investments and fair value measurements - Summary of Held-to-Maturity Debt Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of Held-to-maturity Securities [Line Items]
Fair Value	$ 84,181	$ 65,406	$ 18,892
Unrealized Gains	1,011	1,048	58
Unrealized Losses	(52)	(53)	(5)
Fair Value	85,140	66,401	18,945
Corporate debt securities
Schedule of Held-to-maturity Securities [Line Items]
Fair Value	77,355	57,651	11,744
Unrealized Gains	995	994	55
Unrealized Losses	(51)	(53)	(2)
Fair Value	78,299	58,592	11,797
U.S. Treasury securities
Schedule of Held-to-maturity Securities [Line Items]
Fair Value	6,589	7,519	6,861
Unrealized Gains	16	54	3
Unrealized Losses	(1)	0	(3)
Fair Value	6,604	7,573	6,861
Certificate of deposits
Schedule of Held-to-maturity Securities [Line Items]
Fair Value	237	236	287
Unrealized Gains	0	0	0
Unrealized Losses	0	0	0
Fair Value	$ 237	$ 236	$ 287

Investments and fair value measurements - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Investments, All Other Investments [Abstract]
Debt securities, held-to-maturity, restricted	$ 4,900,000		$ 4,900,000		$ 5,100,000	$ 7,100,000
Change in net unrealized gains and losses on held-to-maturity debt			(100,000)	$ 200,000	900,000	100,000	$ 0
Held-to-maturity, greater than 12 months, unrealized losses	8,000		8,000		0	0
Change in net unrealized gains on available-for-sale debt securities	0	$ (600,000)	(900,000)	$ (700,000)	200,000	700,000
Available-for-sale debt securities in excess of 12 months					0	0
Unrealized Gains	0		0		918,000	708,000
Unrealized losses	$ 0		$ 0		$ 0	$ 0

Investments and fair value measurements - Summary of Realized Gains (Losses) on Held-to-Maturity Debt Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Held-to-maturity debt securities:
Gains	$ 0	$ 0	$ 65	$ 15	$ 146	$ 15	$ 0
Losses	0	0	(11)	0	0	(8)	0
Net	0	0	54	15	$ 146	$ 7	$ 0
Proceeds from sales	$ 0	$ 0	$ 3,048	$ 1,504

Investments and fair value measurements - Summary of Held-to-Maturity Debt Securities Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Amortized Cost
One year or less	$ 17,239	$ 16,701
After one year through five years	66,942	48,705
Fair Value	$ 84,181	$ 65,406	$ 18,892
Amortized Cost, Percent of Total
One year or less	20.00%	26000.00%
After one year through five years	80.00%	74000.00%
Total	100.00%	100000.00%
Fair Value
One year or less	$ 17,330	$ 16,791
After one year through five years	67,810	49,610
Fair Value	$ 85,140	$ 66,401	$ 18,945
Fair Value, Percent of Total
One year or less	20.00%	25000.00%
After one year through five years	80.00%	75000.00%
Total	100.00%	100000.00%

Investments and fair value measurements - Schedule of Unrealized Loss on Held-to-Maturity Debt Securities (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of Held-to-maturity Securities [Line Items]
HTM, Less than 12 months, Fair value	$ 6,175,000	$ 13,645,000	$ 6,095,000
HTM, Less than 12 months, Unrealized losses	(44,000)	(53,000)	(4,000)
HTM, Greater than 12 months, Fair value	658,000	0
HTM, Greater than 12 months, Unrealized losses	(8,000)	0	0
HTM, Fair value	6,833,000	13,645,000
HTM, Unrealized losses	(52,000)	(53,000)
Corporate debt securities
Schedule of Held-to-maturity Securities [Line Items]
HTM, Less than 12 months, Fair value	4,717,000	8,464,000	1,016,000
HTM, Less than 12 months, Unrealized losses	(43,000)	(53,000)	(1,000)
HTM, Greater than 12 months, Fair value	658,000	0
HTM, Greater than 12 months, Unrealized losses	(8,000)	0
HTM, Fair value	5,375,000	8,464,000
HTM, Unrealized losses	(51,000)	(53,000)
U.S. Treasury securities
Schedule of Held-to-maturity Securities [Line Items]
HTM, Less than 12 months, Fair value	1,458,000	5,181,000	5,079,000
HTM, Less than 12 months, Unrealized losses	(1,000)	0	(3,000)
HTM, Greater than 12 months, Fair value	0	0
HTM, Greater than 12 months, Unrealized losses	0	0
HTM, Fair value	1,458,000	5,181,000
HTM, Unrealized losses	(1,000)	0
Certificate of deposits
Schedule of Held-to-maturity Securities [Line Items]
HTM, Less than 12 months, Fair value	0	0	0
HTM, Less than 12 months, Unrealized losses	0	0	$ 0
HTM, Greater than 12 months, Fair value	0	0
HTM, Greater than 12 months, Unrealized losses	0	0
HTM, Fair value	0	0
HTM, Unrealized losses	$ 0	$ 0

Investments and fair value measurements -Summary of Available-for-Sale Debt Securities (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Total		$ 7,139,000	$ 7,139,000
Unrealized Gains	$ 0	918,000	708,000
Unrealized Losses	0	0	0
Available-for-sale debt securities, at fair value	$ 0	8,057,000	7,847,000
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Total		7,139,000	7,139,000
Unrealized Gains		918,000	708,000
Unrealized Losses		0	0
Available-for-sale debt securities, at fair value		$ 8,057,000	$ 7,847,000

Investments and fair value measurements - Summary of Available-for-Sale Debt Securities Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Amortized Cost
One year or less		$ 0
After one year through five years		0
After five years through ten years		923
After ten years		6,216
Total		$ 7,139	$ 7,139
% of Total
One year or less		0.00%
After one year through five years		0.00%
After five years through ten years		13.00%
After ten years		87.00%
Total		100.00%
Fair Value
One year or less		$ 0
After one year through five years		0
After five years through ten years		1,183
After ten years		6,874
Total	$ 0	$ 8,057	$ 7,847
% of Total
One year or less		0.00%
After one year through five years		0.00%
After five years through ten years		15.00%
After ten years		85.00%
Total		100.00%

Investments and fair value measurements - Summary of Realized Gains (Losses) on Available-for-Sale Debt Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Available-for-sale debt securities:
Gains	$ 0	$ 0	$ 768	$ 0
Losses	0	0	(90)	0
Net	0	0	678	0
Proceeds from sales	$ 0	$ 0	$ 7,817	$ 0	$ 0	$ 1,013	$ 397

Investments and fair value measurements - Summary of Equity Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 0	$ 2,000	$ 1,000
Estimated Fair Value	0	2,119	1,039
Preferred Stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	0	2,000	1,000
Estimated Fair Value	$ 0	$ 2,119	$ 1,039

Investments and fair value measurements - Realized Gain (Loss) on Equity Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Realized gains (losses):
Gains	$ 0	$ 0	$ 0
Losses	0	(13)	0
Net	$ 0	$ (13)	$ 0

Investments and fair value measurements - Summary of Mortgage Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Net Investment Income [Line Items]
Mortgage loans	$ 2,936	$ 2,980	$ 3,370
Cost
Net Investment Income [Line Items]
Mortgage loans	2,936	2,980	3,370
Estimated Fair Value
Net Investment Income [Line Items]
Mortgage loans	$ 2,936	$ 2,980	$ 3,370

Investments and fair value measurements - Schedule of Investment Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Net Investment Income [Line Items]
Interest and investment income	$ 616	$ 522	$ 1,800	$ 871	$ 2,233	$ 2,377	$ 22
Available-for-sale debt securities
Net Investment Income [Line Items]
Interest and investment income	0	91	773	204	408	262	0
Held-to-maturity debt securities
Net Investment Income [Line Items]
Interest and investment income	570	252	964	522	1,326	743	0
Equity investments
Net Investment Income [Line Items]
Interest and investment income	0	111	(89)	(110)	146	115	0
Mortgage loans
Net Investment Income [Line Items]
Interest and investment income	45	46	91	102	194	325	0
Other
Net Investment Income [Line Items]
Interest and investment income	$ 1	$ 22	$ 61	$ 153	$ 159	$ 932	$ 22

Investments and fair value measurements - Summary of Accrued Interest (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Debt and Equity Securities, FV-NI [Line Items]
Accrued interest receivable on investments	$ 1,111	$ 729	$ 262
Debt Securities
Debt and Equity Securities, FV-NI [Line Items]
Accrued interest receivable on investments	1,090	686	231
Corporate debt securities
Debt and Equity Securities, FV-NI [Line Items]
Accrued interest receivable on investments	1,055	641	186
Certificate of deposits
Debt and Equity Securities, FV-NI [Line Items]
Accrued interest receivable on investments		0	2
U.S. Treasury securities
Debt and Equity Securities, FV-NI [Line Items]
Accrued interest receivable on investments	35	45	44
Mortgage loans
Debt and Equity Securities, FV-NI [Line Items]
Accrued interest receivable on investments	$ 21	$ 43	$ 31

Investments and fair value measurements - Summary of Company's Investments Measured at Fair Value (Details) - Fair Value, Recurring - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	$ 88,076	$ 79,557	$ 31,201
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	78,299	66,649	19,644
U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	6,604	7,573	6,861
Mortgage loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	2,936	2,980	3,370
Preferred Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	2,119	1,039
Certificate of deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	237	236	287
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	6,604	9,692	7,900
Level 1 \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0	0
Level 1 \| U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	6,604	7,573	6,861
Level 1 \| Mortgage loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0	0
Level 1 \| Preferred Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	2,119	1,039
Level 1 \| Certificate of deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	78,536	66,885	19,931
Level 2 \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	78,299	66,649	19,644
Level 2 \| U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0	0
Level 2 \| Mortgage loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0	0
Level 2 \| Preferred Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0	0
Level 2 \| Certificate of deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	237	236	287
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	2,936	2,980	3,370
Level 3 \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0	0
Level 3 \| U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0	0
Level 3 \| Mortgage loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	2,936	2,980	3,370
Level 3 \| Preferred Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0	0
Level 3 \| Certificate of deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	$ 0	$ 0	$ 0

Revenue recognition (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2021

Jun. 30, 2020

Jun. 30, 2021

Jun. 30, 2020

Dec. 31, 2020

Dec. 31, 2019

Dec. 31, 2018

$ 109,271

^[1]

$ 86,334

^[1]

$ 217,263

^[1]

$ 143,151

^[1]

$ 345,608

^[2]

$ 292,707

^[2]

$ 0

^[2]

20,065

13,382

38,640

26,556

61,275

62,017

650

707

1,879

1,525

2,931

3,361

139

129,986

100,423

257,782

171,232

409,814

358,085

185

Eliminations

(110)

(880)

(26,612)

(16,294)

(47,091)

(30,992)

(70,414)

(68,488)

Underwriting | Operating Segments

(26,722)

(16,294)

(47,971)

(30,992)

(70,414)

(68,488)

109,381

86,334

218,143

143,151

345,608

292,707

Interest and investment income

389

293

1,798

598

2,099

873

540

386

991

853

2,086

2,411

Realized gains and losses, net

805

146

(6)

(1)

613

392

1,796

871

2,232

2,405

Distribution | Operating Segments

110,383

87,019

221,737

144,620

349,939

295,985

Interest and investment income

46,288

29,383

83,933

56,950

129,590

129,632

149

272

325

1,026

117

Realized gains and losses, net

166

(4)

382

374

(70)

315

654

699

956

117

Direct Agent Insurance Premiums | Eliminations

46,325

29,698

84,016

57,604

130,289

130,588

153

Direct Agent Insurance Premiums | Underwriting | Operating Segments

(110)

(880)

Third-Party Agent Title Insurance Premiums | Underwriting | Operating Segments

31,281

19,022

55,854

36,253

81,420

78,666

Escrow Fees | Distribution | Operating Segments

78,100

67,312

162,289

106,898

264,188

214,041

Other Title Fees | Eliminations

15,755

9,245

29,135

17,875

41,438

39,062

Other Title Fees | Underwriting | Operating Segments

(26,612)

(16,294)

(47,091)

(30,992)

(70,414)

(68,488)

Other Title Fees | Distribution | Operating Segments

389

293

1,798

598

2,099

873

$ 30,533

$ 20,138

$ 54,798

$ 39,075

$ 88,152

$ 90,570

$ 36

[1]	Net premiums written includes revenues from a related party of $27.0 million and $24.3 million during the three months ended June 30, 2021 and 2020, respectively. Net premiums written includes revenues from a related party of $51.6 million and $41.3 million during the six months ended June 30, 2021 and 2020, respectively (see Note 10).
[2]	Net premiums written includes revenues from a related party of $88.6 million and $73.1 million during the years ended December 31, 2020 and 2019, respectively (see Note 14).

Liability for loss and loss adjustment expenses - Summary of Liability for Loss and Loss Adjustment Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Beginning balance			$ 69,800	$ 62,758	$ 62,758	$ 59,266
Provision for claims related to:
Current year			14,516	8,533	20,619	21,220
Prior years			(4,461)	(3,710)	(5,282)	(8,935)
Total provision for claims	$ 6,807	$ 3,040	10,055	4,823	15,337	12,285	$ 0
Paid losses related to:
Current year			(1,554)	(1,139)	(2,331)	(2,828)
Prior years			(3,595)	(3,794)	(5,964)	(5,965)
Total paid losses			(5,149)	(4,933)	(8,295)	(8,793)
Ending balance	$ 74,706	$ 62,648	$ 74,706	$ 62,648	$ 69,800	$ 62,758	$ 59,266
Premiums Written, Net \| Provision for Incurred Claims Concentration Risk \| Liability for Unpaid Claims and Claims Adjustment Expense, Net
Paid losses related to:
Concentration risk percent			4.60%	3.40%	4.40%	4.20%

Liability for loss and loss adjustment expenses - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Insurance [Abstract]
Prior year reserve release	$ 4,461	$ 3,710	$ 5,282	$ 8,935
Decrease in the projection of ultimate loss, percent			10.00%	13.00%
Liability for loss and loss adjustment expenses	74,706	$ 62,648	$ 69,800	$ 62,758	$ 59,266
Reserves for settlement related to escrow or agent activities	$ 200		$ 700	$ 1,200

Segment information - Narrative (Details) $ in Thousands	6 Months Ended	12 Months Ended
Segment information - Narrative (Details) $ in Thousands	Jun. 30, 2021 USD ($) state segment branch	Dec. 31, 2020 USD ($) state segment branch	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments \| segment	2	2
Number of states operated in \| state	39	39
Goodwill	$ 111,487	$ 111,487	$ 111,487	$ 0
Distribution
Segment Reporting Information [Line Items]
Number of branches \| branch	89	80
Number of states operated in \| state	10	9
Goodwill	$ 88,100	$ 88,074	88,074	0
Underwriting
Segment Reporting Information [Line Items]
Premium percentage retained	84.00%	85.00%
Goodwill	$ 23,400	$ 23,413	$ 23,413	$ 0

Segment information - Summary of Operating Results by Segment (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2021

Jun. 30, 2020

Jun. 30, 2021

Jun. 30, 2020

Dec. 31, 2020

Dec. 31, 2019

Dec. 31, 2018

$ 109,271

^[1]

$ 86,334

^[1]

$ 217,263

^[1]

$ 143,151

^[1]

$ 345,608

^[2]

$ 292,707

^[2]

$ 0

^[2]

20,065

13,382

38,640

26,556

61,275

62,017

650

707

1,879

1,525

2,931

3,361

139

129,986

100,423

257,782

171,232

409,814

358,085

185

65,181

^[3]

56,006

^[3]

135,519

^[3]

89,108

^[3]

220,143

^[4]

178,265

^[4]

20,902

13,898

38,881

30,212

62,154

60,914

7,561

4,898

14,670

10,035

20,535

20,118

6,807

3,040

10,055

4,823

15,337

12,285

Operating Segments | Distribution

29,535

22,581

58,657

37,054

91,645

86,503

46,288

29,383

83,933

56,950

129,590

129,632

315

654

699

956

117

46,325

29,698

84,016

57,604

130,289

130,588

153

18,986

12,575

35,093

27,027

55,334

55,138

5,881

3,494

11,197

7,718

16,912

15,751

(25)

153

534

388

1,415

1,552

Operating Segments | Underwriting

21,483

13,476

37,192

22,471

56,628

58,147

109,381

86,334

218,143

143,151

345,608

292,707

389

293

1,798

598

2,099

873

613

392

1,796

871

2,232

2,405

110,383

87,019

221,737

144,620

349,939

295,985

91,903

72,300

183,490

120,100

290,557

246,753

1,916

1,323

3,788

3,185

6,820

5,776

1,680

1,404

3,473

2,317

3,623

4,367

6,832

2,887

9,521

4,435

13,922

10,733

8,052

9,105

21,465

14,583

35,017

28,356

Eliminations

(110)

(880)

(26,612)

(16,294)

(47,091)

(30,992)

(70,414)

(68,488)

(26,722)

(16,294)

(47,971)

(30,992)

(70,414)

(68,488)

(26,722)

(16,294)

(47,971)

(30,992)

(70,414)

(68,488)

$ 0

[1]	Net premiums written includes revenues from a related party of $27.0 million and $24.3 million during the three months ended June 30, 2021 and 2020, respectively. Net premiums written includes revenues from a related party of $51.6 million and $41.3 million during the six months ended June 30, 2021 and 2020, respectively (see Note 10).
[2]	Net premiums written includes revenues from a related party of $88.6 million and $73.1 million during the years ended December 31, 2020 and 2019, respectively (see Note 14).
[3]	Premiums retained by third-party agents includes expenses associated with a related party of $22.0 million and $19.7 million during the three months ended June 30, 2021 and 2020, respectively. Premiums retained by third-party agents includes expenses associated with a related party of $41.8 million and $33.6 million during the six months ended June 30, 2021 and 2020, respectively (see Note 10).
[4]	Premiums retained by third-party agents includes expenses associated with a related party of $71.2 million and $59.9 million during the years ended December 31, 2020 and 2019, respectively (see Note 14).

Segment information - Reconciliation of Adjusted Gross Profit to Loss Before Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting [Abstract]
Adjusted gross profit	$ 29,535	$ 22,581	$ 58,657	$ 37,054	$ 91,645	$ 86,503	$ 88
Depreciation and amortization	3,021	899	5,727	2,016	5,815	1,880	10
Corporate and other expenses	45,151	26,650	79,841	54,305	114,511	102,091	12,100
Interest expense	4,451	1,123	7,810	3,235	5,579	9,282	332
Loss before income taxes	$ (23,088)	$ (6,091)	$ (34,721)	$ (22,502)	$ (34,260)	$ (26,750)	$ (12,354)

Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.

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Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

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Segment information - Goodwill Rollfoward by Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 111,487	$ 0
Goodwill acquired during the year		111,946
Adjustments to goodwill	0	(459)
Impairment		0
Goodwill, ending balance	111,487	111,487
Distribution
Goodwill [Roll Forward]
Goodwill, beginning balance	88,074	0
Goodwill acquired during the year		88,437
Adjustments to goodwill	0	(363)
Impairment		0
Goodwill, ending balance	88,074	88,074
Underwriting
Goodwill [Roll Forward]
Goodwill, beginning balance	23,413	0
Goodwill acquired during the year		23,509
Adjustments to goodwill	0	(96)
Impairment		0
Goodwill, ending balance	$ 23,413	$ 23,413

Income tax - Income tax expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Current:
Federal					$ 0	$ 0	$ 0
State					144	110	0
Total Current					144	110	0
Deferred:
Federal					101	217	0
State					598	60	0
Total Deferred			$ 250	$ 349	699	277	0
Income tax expense	$ 211	$ 241	$ 336	$ 416	$ 843	$ 387	$ 0

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Income tax - Reconciliation of federal income tax rate (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Benefit calculated at federal income tax rate					$ (7,195)	$ (5,617)	$ (2,594)
Change in valuation allowance					11,707	6,871	2,986
State tax benefit					(2,473)	(1,261)	(965)
Federal benefit on state tax					520	265	203
Change in state tax rate					(1,746)	108	0
Permanent differences, net					(57)	(56)	370
Other, net					87	77	0
Income tax expense	$ 211	$ 241	$ 336	$ 416	$ 843	$ 387	$ 0
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Benefit calculated at federal income tax rate (as a percent)					21.00%	21.00%	21.00%
Change in valuation allowance (as a percent)					(34.20%)	(25.70%)	(24.00%)
State tax benefit (as a percent)					7.10%	4.70%	8.00%
Federal benefit on state tax (as a percent)					(1.50%)	(1.00%)	(2.00%)
Change in state tax rate (as a percent)					5.10%	(0.40%)	0.00%
Permanent differences (as a percent)					0.20%	0.20%	(3.00%)
Other, net (as a percent)					(0.20%)	(0.30%)	0.00%
Income tax expense (as a percent)			(1.00%)	(1.00%)	(2.50%)	(1.50%)	0.00%

Income tax - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Income tax - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2020	Jun. 30, 2021	Mar. 31, 2021
Income Tax Examination [Line Items]
Change in valuation allowance	$ 11.7
Operating loss carryforwards, subject to expiration	0.2	$ 0.2
Domestic Tax Authority
Income Tax Examination [Line Items]
Federal and state net operating loss	40.8
State and Local Jurisdiction
Income Tax Examination [Line Items]
Federal and state net operating loss	69.4
Accrued Liabilities And Other Liabilities
Income Tax Examination [Line Items]
Net deferred tax liability	$ 1.0	$ 1.0	$ 1.0

Income tax - Deferred tax assets and liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets:
Net operating loss	$ 12,765	$ 5,356
Accrued compensation	5,334	2,505
Interest expense	2,621	1,979
Statutory premium reserve	2,119	1,745
Start-up costs	1,142	937
Deferred lease obligation	385	343
Stock-based compensation expense	852	33
Investments	407	394
Intangibles assets	653	115
Allowance for doubtful accounts	138	112
Debt issuance costs	58	61
Loss reserves	209	31
Other, net	13	0
Less valuation allowance	(23,330)	(11,623)
Deferred tax assets, net of allowance	3,366	1,988
Deferred tax liabilities:
Other reserves	(927)	(715)
Unrealized gain on investments	(249)	(98)
Fixed assets	(140)	(67)
Total deferred tax liabilities	(4,343)	(2,265)
Net deferred tax liability	(977)	(277)
Intangible Assets (Excluding Title Plants)
Deferred tax liabilities:
Intangibles assets	(2,347)	(992)
Title Plant
Deferred tax liabilities:
Intangibles assets	$ (680)	$ (393)

Fixed assets - Schedule of fixed assets (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Total fixed assets, gross		$ 35,474	$ 18,841
Accumulated depreciation and amortization		(13,813)	(11,254)
Total fixed assets, net	$ 29,303	21,661	7,587
Furniture and equipment
Property, Plant and Equipment [Line Items]
Total fixed assets, gross		7,948	7,021
Computer equipment
Property, Plant and Equipment [Line Items]
Total fixed assets, gross		3,092	1,557
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total fixed assets, gross		3,264	3,152
Software
Property, Plant and Equipment [Line Items]
Total fixed assets, gross		3,827	2,851
Internally developed software
Property, Plant and Equipment [Line Items]
Total fixed assets, gross		$ 17,343	$ 4,261

Fixed assets - Narrative (Details) - USD ($)	12 Months Ended
Fixed assets - Narrative (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Depreciation	$ 3,500,000	$ 1,000,000.0	$ 0
Internally developed software
Property, Plant and Equipment [Line Items]
Depreciation	1,900,000	$ 0	$ 0
Amortization expense, 2021	3,500,000
Amortization expense, 2022	3,500,000
Amortization expense, 2023	3,500,000
Amortization expense, 2024	3,500,000
Amortization expense, 2025	$ 1,600,000

Fixed assets - Schedule of net gains and losses on sales of fixed assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Fixed assets:
Gains	$ 259	$ 0	$ 0
Losses	(128)	(71)	0
Total net gains (losses)	$ 131	$ (71)	$ 0

Fixed assets - Internally developed software and acquired software (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Internally developed software
Property, Plant and Equipment [Line Items]
Software additions	$ 13,082	$ 4,261
Accumulated amortization	(1,888)	0
Software additions, net	11,194	4,261
Software
Property, Plant and Equipment [Line Items]
Software additions	1,470	2,851
Accumulated amortization	(16)	(2,352)
Software additions, net	$ 1,453	$ 499

Debt (Details) - USD ($)						6 Months Ended		12 Months Ended
Debt (Details) - USD ($)	Jan. 29, 2021	Dec. 31, 2020	Dec. 05, 2019	Oct. 10, 2019	Jan. 07, 2019	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Sep. 28, 2017
Debt Instrument [Line Items]
Repayments of loan					$ 4,000,000.0	$ 65,532,000	$ 27,622,000	$ 28,431,000	$ 13,368,000	$ 0
Proceeds from promissory notes – related party				$ 4,000,000.0				0	4,000,000	0
Interest expense - paid in kind						$ 3,929,000	$ 3,602,000	$ 6,462,000	9,369,000	$ 0
Repayment of note									$ 500,000
First Title & Escrow, Inc
Debt Instrument [Line Items]
Ownership percentage by noncontrolling owners											49.00%
Lennar \| Series C Preferred Stock
Debt Instrument [Line Items]
Sale of stock, number of shares (in Shares)			732,891
Proceeds from consideration on sale of shares			$ 8,900,000
Unit price per share (in usd per share)			$ 12.09
Subsequent Event
Debt Instrument [Line Items]
Repayments of loan	$ 65,500,000
Penny Warrant
Debt Instrument [Line Items]
Percentage of shares called by each warrant	1.35%
Warrants and rights outstanding, term	10 years	10 years						10 years
Penny Warrant \| Subsequent Event
Debt Instrument [Line Items]
Percentage of shares called by each warrant	1.35%
Notes Payable, Related Party
Debt Instrument [Line Items]
Debt instrument, face amount					$ 87,000,000.0
Debt instrument, stated interest rate		2.50%						2.50%
Paid in kind interest rate		3.50%						3.50%
Interest expense - paid in kind								$ 6,500,000
Notes Payable, Related Party \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate								5.00%
Senior Debt \| Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount		$ 150,000,000						$ 150,000,000
Proceeds from debt	$ 150,000,000
Debt instrument, term		5 years
Debt instrument, stated interest rate		11.25%						11.25%
Debt instrument, percentage of interest paid in cash		5.00%
Debt instrument, debt default interest rate		15.00%						15.00%
Minimum liquidity covenant		$ 20,000,000						$ 20,000,000
Minimum consolidated revenue covenant		$ 130,000,000
Period for monthly payments		24 months
Senior Debt \| Senior Notes \| Subsequent Event
Debt Instrument [Line Items]
Proceeds from debt	$ 150,000,000

Debt - Summary of Loan (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Loan balance	$ 0	$ 65,532,000	$ 87,500,000
Outstanding principal		65,484,000	87,316,000
Notes Payable, Related Party
Debt Instrument [Line Items]
Loan balance		65,532,000	87,500,000
Accrued interest		$ 48,000	$ 184,000

Stockholders’ equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands			1 Months Ended	3 Months Ended	12 Months Ended
	Jun. 17, 2019	Jan. 07, 2019	Dec. 31, 2019	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Jun. 30, 2021	Dec. 22, 2020
Subsidiary, Sale of Stock [Line Items]
Common stock, shares outstanding			10,480,902		10,480,902	10,480,902		11,010,181
Common stock, shares authorized			54,000,000		54,000,000	54,000,000		54,000,000	54,000,000
Common stock, par value (in Dollars per share)			$ 0.0001		$ 0.0001	$ 0.0001		$ 0.0001	$ 0.0001
Minimum gross proceeds of conversion					$ 30,000
Common stock, shares issued			10,480,902		10,480,902	10,480,902		11,010,181
Conversion of debt, amount					$ 0	$ 22,533	$ 0
Series 2017A Notes \| Convertible Debt
Subsidiary, Sale of Stock [Line Items]
Conversion of debt, amount		$ 13,400
Series 2018A Notes \| Convertible Debt
Subsidiary, Sale of Stock [Line Items]
Conversion of debt, amount		$ 7,500
North American Title Acquisition
Subsidiary, Sale of Stock [Line Items]
Common stock, shares outstanding		10,098,071
Series A Preferred Stock
Subsidiary, Sale of Stock [Line Items]
Preferred stock, shares outstanding (in shares)			7,295,759		7,295,759	7,295,759		7,295,759
Preferred stock, shares authorized			7,295,759		7,295,759	7,295,759		7,295,759	7,295,759
Preferred stock par value (in Dollars per share)			$ 0.0001		$ 0.0001	$ 0.0001		$ 0.0001	$ 0.0001
Series A Preferred Stock \| North American Title Acquisition
Subsidiary, Sale of Stock [Line Items]
Preferred stock, shares outstanding (in shares)		7,295,759
Series A-2 Preferred Stock
Subsidiary, Sale of Stock [Line Items]
Preferred stock, shares outstanding (in shares)			2,335,837		2,335,837	2,335,837		2,335,837
Shares issued in exchange for debt		2,335,837
Preferred stock, shares authorized			2,335,837		2,335,837	2,335,837		2,335,837	2,335,837
Preferred stock par value (in Dollars per share)			$ 0.0001		$ 0.0001	$ 0.0001		$ 0.0001	$ 0.0001
Conversion Price (in dollars per share)		$ 5.73
Series A-2 Preferred Stock \| North American Title Acquisition
Subsidiary, Sale of Stock [Line Items]
Shares issued in exchange for debt		2,335,837
Series A-1 Preferred Stock
Subsidiary, Sale of Stock [Line Items]
Preferred stock, shares outstanding (in shares)			8,159,208		8,159,208	8,159,208		12,975,006
Shares issued in exchange for debt		1,049,637
Number of shares for warrants (in shares)		4,815,798
Preferred stock, shares authorized			12,975,006		12,975,006	12,975,006		12,975,006	12,975,006
Preferred stock par value (in Dollars per share)			$ 0.0001		$ 0.0001	$ 0.0001		$ 0.0001	$ 0.0001
Conversion Price (in dollars per share)		$ 7.16
Series A-1 Preferred Stock \| North American Title Acquisition
Subsidiary, Sale of Stock [Line Items]
Shares issued in exchange for debt		1,049,637
Sale of stock, number of shares (in Shares)		7,004,797
Number of shares for warrants (in shares)		4,815,798
Series B Preferred Stock
Subsidiary, Sale of Stock [Line Items]
Preferred stock, shares outstanding (in shares)			2,642,036		2,642,036	2,642,036		2,642,036
Preferred stock, shares authorized			2,642,036		2,642,036	2,642,036		2,642,036	2,642,036
Preferred stock par value (in Dollars per share)			$ 0.0001		$ 0.0001	$ 0.0001		$ 0.0001	$ 0.0001
Series C Preferred Stock
Subsidiary, Sale of Stock [Line Items]
Preferred stock, shares outstanding (in shares)			10,119,484		10,119,484	10,119,484		10,119,484
Preferred stock, shares authorized			10,755,377		10,755,377	10,755,377		10,755,377	10,755,377
Preferred stock par value (in Dollars per share)			$ 0.0001		$ 0.0001	$ 0.0001		$ 0.0001	$ 0.0001
Series B Preferred Stock and Series C Preferred Stock Capital Raise
Subsidiary, Sale of Stock [Line Items]
Proceeds from consideration on sale of shares	$ 25,000
Series B Preferred Stock and Series C Preferred Stock Capital Raise \| Series B Preferred Stock
Subsidiary, Sale of Stock [Line Items]
Sale of stock, number of shares (in Shares)	2,642,036
Unit price per share (in usd per share)	$ 9.46
Series B Preferred Stock and Series C Preferred Stock Capital Raise \| Series C Preferred Stock
Subsidiary, Sale of Stock [Line Items]
Sale of stock, number of shares (in Shares)			4,270,182	5,849,302
Proceeds from consideration on sale of shares			$ 51,500	$ 70,700
Unit price per share (in usd per share)			$ 12.09	$ 12.09		$ 12.09

Stockholders’ equity - Schedule of preferred stock (Details) - $ / shares	12 Months Ended
	Dec. 31, 2020	Jun. 30, 2021	Dec. 31, 2019
Series A Preferred Stock
Subsidiary, Sale of Stock [Line Items]
Offering price per unit shares (in usd per share)	$ 1.41
Dividend Rate (in dollars per share)	0.1129
Conversion Price (in dollars per share)	1.41
Liquidation Preference (in dollars per share)	$ 1.41
Shares Outstanding	7,295,759	7,295,759	7,295,759
Series A-1 Preferred Stock
Subsidiary, Sale of Stock [Line Items]
Offering price per unit shares (in usd per share)	$ 7.16
Dividend Rate (in dollars per share)	0.5727
Conversion Price (in dollars per share)	7.16
Liquidation Preference (in dollars per share)	$ 7.16
Shares Outstanding	8,159,208	12,975,006	8,159,208
Series A-2 Preferred Stock
Subsidiary, Sale of Stock [Line Items]
Offering price per unit shares (in usd per share)	$ 5.73
Dividend Rate (in dollars per share)	0.4581
Conversion Price (in dollars per share)	5.73
Liquidation Preference (in dollars per share)	$ 5.73
Shares Outstanding	2,335,837	2,335,837	2,335,837
Series B Preferred Stock
Subsidiary, Sale of Stock [Line Items]
Offering price per unit shares (in usd per share)	$ 9.46
Dividend Rate (in dollars per share)	0.757
Conversion Price (in dollars per share)	9.46
Liquidation Preference (in dollars per share)	$ 9.46
Shares Outstanding	2,642,036	2,642,036	2,642,036
Series C Preferred Stock
Subsidiary, Sale of Stock [Line Items]
Offering price per unit shares (in usd per share)	$ 12.09
Dividend Rate (in dollars per share)	0.967
Conversion Price (in dollars per share)	12.09
Liquidation Preference (in dollars per share)	$ 12.09
Shares Outstanding	10,119,484	10,119,484	10,119,484

Stock compensation expense - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense	$ 3.7	$ 0.3	$ 6.0	$ 0.6	$ 2.5	$ 0.9	$ 0.1
Total fair value of options vested					$ 1.5	$ 0.3	$ 0.1
Weighted-average grant date fair value of stock options (in dollars per share)					$ 8.42	$ 1.14	$ 0.07
Stock-based compensation expense yet to be recognized related to stock options					$ 13.5
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period			10 years		10 years
Weighted-average recognition period of unrecognized stock-based compensation expense					2 years 6 months 14 days
Stock Option \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			7 months		7 months
Stock Option \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			60 months		60 months
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average recognition period of unrecognized stock-based compensation expense					2 years 7 months 2 days
Fair value of award vested					$ 0.4	$ 0.1	$ 0.0
Stock-based compensation expense yet to be recognized related to award					$ 0.8

Stock compensation expense - Summary of Weighted-Average Assumptions (Details) - Stock Option	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility (as a percent)	38.00%	31.10%	31.10%
Dividend yield (as a percent)	0.00%	0.00%	0.00%
Expected term (years)	6 years 1 month 6 days	7 years	7 years 2 months 12 days
Risk free rate (as a percent)	0.80%	2.50%	2.70%

Stock compensation expense - Summary of Stock Options (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Number of Stock Options
Beginning balance outstanding (in shares)	4,447,546	3,524,195	685,321	448,440
Granted (in shares)	769,500	1,594,720	3,355,730	360,912
Exercised (in shares)	(524,875)	(216,641)	(201,196)	(41,058)
Cancelled or forfeited (in shares)	(119,643)	(454,728)	(315,660)	(82,973)
Ending balance outstanding (in shares)	4,572,528	4,447,546	3,524,195	685,321	448,440
Options exercisable, Number of Stock Options (in shares)	1,430,618	1,736,209	591,888	172,085
Weighted Average Exercise Price ($)
Beginning balance outstanding (in usd per share)	$ 3.17	$ 2.62	$ 0.15	$ 0.14
Granted (in usd per share)	4.25	4.25	2.97	0.17
Exercised (in usd per share)	2.61	1.90	0.68	0.15
Cancelled or forfeited (in usd per share)	3.79	3.26	2.26	0.14
Ending balance outstanding (in usd per share)	3.40	3.17	2.62	0.15	$ 0.14
Options exercisable, Weighted Average Exercise Price (in usd per share)	$ 2.67	$ 2.24	$ 1.11	$ 0.14
Stock Option Activity, Additional Disclosures
Outstanding, Weighted Average Remaining Contractual Life	8 years 3 months	8 years 6 months	8 years 11 months 15 days	8 years 7 months 24 days	8 years 2 months 12 days
Granted, Weighted Average Remaining Contractual Life	9 years 6 months	9 years 6 months 25 days	9 years 1 month 20 days	9 years 3 months 3 days
Exercised, Weighted Average Remaining Contractual Life	7 years 6 months 7 days	7 years 8 months 1 day	8 years 21 days	8 years 9 months 14 days
Cancelled or forfeited, Weighted Average Remaining Contractual Life	8 years 6 months	8 years 5 months 12 days	8 years 8 months 15 days	8 years 9 months 18 days
Options Exercisable, Weighted Average Remaining Contractual Life	7 years 8 months 23 days	7 years 9 months 21 days	7 years 11 months 23 days	8 years 5 months 4 days
Beginning balance outstanding, Aggregate Intrinsic Value	$ 51,185,926	$ 4,734,928	$ 44,648	$ 26,916
Ending balance outstanding, Aggregate Intrinsic Value	237,993,000	51,185,926	4,734,928	44,648	$ 26,916
Options exercisable, Aggregate Intrinsic Value	$ 75,505,000	$ 21,606,639	$ 1,684,495	$ 12,660

Stock compensation expense - Nonvested Restricted Stock Awards (Details) - Restricted Stock - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Number of RSAs
Beginning balance nonvested (in shares)	258,862	412,430	155,590	224,010
Granted (in shares)	0	0	346,737	10,000
Exercised (in shares)	(71,761)	(153,568)	(89,897)	(78,420)
Cancelled or Forfeited (in shares)	0	0	0	0
Ending balance nonvested (in shares)	187,101	258,862	412,430	155,590
Average Grant Date Fair Value ($)
Beginning balance nonvested (in usd per share)	$ 3.12	$ 2.81	$ 0.14	$ 0.14
Granted (in usd per share)	0	0	2.17	0.14
Exercised (in usd per share)	2.19	2.30	0.96	0.14
Cancelled or Forfeited (in usd per share)	0	0	0	0
Ending balance nonvested (in usd per share)	$ 3.48	$ 3.12	$ 2.81	$ 0.14

Earnings per share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Numerator
Net loss	$ (23,299)	$ (11,758)	$ (6,332)	$ (16,586)	$ (35,057)	$ (22,918)	$ (35,103)	$ (27,137)	$ (12,047)
Denominator
Weighted-average common shares - basic (in shares)	11,667,266		9,950,920		11,457,724	10,231,489	10,390,006	10,060,857	10,098,071
Weighted-average common shares - diluted (in shares)	11,667,266		9,950,920		11,457,724	10,231,489	10,390,006	10,060,857	10,098,071
Net loss per share attributable to Doma Holdings, Inc. shareholders
Basic (in usd per share)	$ (2.00)		$ (0.64)		$ (3.06)	$ (2.24)	$ (3.38)	$ (2.70)	$ (1.19)
Diluted (in usd per share)	$ (2.00)		$ (0.64)		$ (3.06)	$ (2.24)	$ (3.38)	$ (2.70)	$ (1.19)

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

Related party transactions (Details) - USD ($)

3 Months Ended

6 Months Ended

12 Months Ended

Dec. 05, 2019

Jun. 17, 2019

Jan. 07, 2019

Jun. 30, 2021

Jun. 30, 2020

Jun. 30, 2021

Jun. 30, 2020

Dec. 31, 2020

Dec. 31, 2019

Dec. 31, 2018

$ 109,271,000

^[1]

$ 86,334,000

^[1]

$ 217,263,000

^[1]

$ 143,151,000

^[1]

$ 345,608,000

^[2]

$ 292,707,000

^[2]

$ 0

^[2]

Series A-1 Preferred Stock

65,181,000

^[3]

56,006,000

^[3]

135,519,000

^[3]

89,108,000

^[3]

220,143,000

^[4]

178,265,000

^[4]

$ 0

^[4]

Receivables, net

$ 13,386,000

$ 15,244,000

13,093,000

Issuance of Series A-1 preferred stock as part of the North American Title Acquisition (in shares)

7,004,797

Number of shares for warrants (in shares)

4,815,798

Lennar | Series C Preferred Stock

Sale of stock, number of shares (in Shares)

732,891

Proceeds from consideration on sale of shares

$ 8,900,000

Unit price per share (in usd per share)

$ 12.09

Lennar | Doma Holding, Inc

Equity ownership percentage

26.10%

26.40%

Affiliated Entity

$ 88,600,000

73,100,000

Affiliated Entity | Lennar

71,200,000

59,900,000

$ 27,000,000.0

24,300,000

$ 51,600,000

41,300,000

88,600,000

73,100,000

Affiliated Entity | Lennar | Series B Preferred Stock

22,000,000.0

19,700,000

41,800,000

33,600,000

71,200,000

59,900,000

Receivables, net

$ 3,400,000

3,400,000

4,400,000

900,000

Sale of stock, number of shares (in Shares)

1,081,810

Proceeds from consideration on sale of shares

$ 10,200,000

Unit price per share (in usd per share)

$ 9.46

Affiliated Entity | Lennar | Series C Preferred Stock

Sale of stock, number of shares (in Shares)

732,891

Proceeds from consideration on sale of shares

$ 8,900,000

Affiliated Entity | Settlement of TSA Services Arrangement | Lennar

Expenses from transactions with related party

$ 300,000

300,000

3,900,000

Revenue from related parties

2,500,000

Due to related parties

Due from related parties

400,000

Affiliated Entity | Rent associated with shared spaces | Lennar

Expenses from transactions with related party

$ 100,000

$ 200,000

[1]	Net premiums written includes revenues from a related party of $27.0 million and $24.3 million during the three months ended June 30, 2021 and 2020, respectively. Net premiums written includes revenues from a related party of $51.6 million and $41.3 million during the six months ended June 30, 2021 and 2020, respectively (see Note 10).
[2]	Net premiums written includes revenues from a related party of $88.6 million and $73.1 million during the years ended December 31, 2020 and 2019, respectively (see Note 14).
[3]	Premiums retained by third-party agents includes expenses associated with a related party of $22.0 million and $19.7 million during the three months ended June 30, 2021 and 2020, respectively. Premiums retained by third-party agents includes expenses associated with a related party of $41.8 million and $33.6 million during the six months ended June 30, 2021 and 2020, respectively (see Note 10).
[4]	Premiums retained by third-party agents includes expenses associated with a related party of $71.2 million and $59.9 million during the years ended December 31, 2020 and 2019, respectively (see Note 14).

Commitment and contingencies - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Loss Contingencies [Line Items]
Operating leases, rent expense	$ 2.3	$ 2.5	$ 4.6	$ 5.1	$ 10.3	$ 11.3	$ 0.3
Escrow Deposit, Contingent Liability
Loss Contingencies [Line Items]
Contingent liabilities	$ 418.7		$ 418.7		$ 290.9	$ 222.8

Commitment and contingencies - Schedule of Minimum Operating Lease Payments (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2021	$ 4,129
2021 / 2022	6,985	$ 7,473
2022 / 2023	5,722	5,874
2023 / 2024	4,336	4,660
2024 / 2025	2,721	3,435
2025 / 2026	709	2,118
2026		219
Total	$ 24,602	$ 23,779

Accumulated other comprehensive income (Details) - USD ($)

12 Months Ended

Dec. 31, 2020

Dec. 31, 2019

Dec. 31, 2018

AOCI Attributable to Parent, Net of Tax [Roll Forward]

Beginning balance

$ 149,345,000

$ (6,499,000)

^[1]

$ 5,683,000

Ending balance

188,031,000

149,345,000

(6,499,000)

^[1]

AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent

AOCI Attributable to Parent, Net of Tax [Roll Forward]

Beginning balance

510,000

Pre-tax change

236,000

683,000

Tax effect

(60,000)

(173,000)

Ending balance

$ 686,000

$ 510,000

$ 0

[1]

All shares as of December 31, 2018 were shares of Legacy States Title. On January 7, 2019, in conjunction with the North American Title Acquisition, all shares of Legacy States Title were converted on a 1:1 basis into shares of the Company. Please see Note 1 and Note 3 in the accompanying notes to these consolidated financial statements for additional information.

Amount before tax, after reclassification adjustments of other comprehensive income (loss).

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