HG Holdings Inc (OTCQB: STLY) is a holding company that operates a title insurance business and holds an equity investment in HC Realty, a real estate investment trust. The company generates revenue through its title insurance segment, which issues title insurance policies and provides title agency and closing/escrow services on residential and commercial real estate transactions, and through a services agreement with HP Risk, a related-party entity, that pays the company $6 million per year over three years for managerial and operational services (effective June 1, 2025). HG Holdings also holds approximately 28.0% of the voting interest in HC Realty, acquired beginning March 19, 2019, and received $891,000 in distributions from HP Holding Company, LLC during FY2025. The company's common stock trades on the OTCQB under the symbol STLY and had approximately 367 beneficial stockholders as of March 12, 2026. Steven A. Hale II serves as Chairman and Chief Executive Officer. The company does not pay cash dividends on its common stock.

Revenue model

Revenue comes from two sources: title insurance premiums and agency fees from residential and commercial real estate transactions (direct and agency channels), and a $6 million annual fee under a services agreement with HP Risk for managerial and operational services over a three-year term beginning June 1, 2025. The company also receives distributions from its equity investment in HP Holding Company, LLC ($891,000 in FY2025).

Products and services

Title insurance policies for residential and commercial real estate transactions; title agency services; closing and escrow services; managerial and operational services provided to HP Risk under a services agreement; equity investment in HC Series B Stock of HC Realty (approximately 28.0% voting interest as of the 10-K filing).

Customers and end markets

Residential real estate: homebuyers, real estate agents and brokers, mortgage brokers, real estate attorneys, mortgage originators, homebuilders, and escrow service providers. Commercial real estate: commercial real estate professionals, law firms, commercial lenders, and commercial brokers. Refinance: mortgage originators and servicers. Title agency channel: authorized independent title agents.

Value-chain role

Title insurance underwriter and service provider in real estate transactions, operating in both direct and agency channels. Also acts as a holding company with an equity stake in HC Realty and a fee-for-service provider of managerial and operational services to a related-party entity (HP Risk).

Geographic exposure

The filing excerpts do not specify geographic markets or states of operation.

Source: SEC 10-K, filed 2026-03-27

Industry: Real Estate Investment Trusts