Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Revenues and loss before income taxes by segment

Revenues, loss before income taxes, and assets by segment are as follows:

	Three Months Ended						Nine Months Ended
	September 30						September 30
	2017			2016			2017			2016
Revenues
Insurance company operation	$	8,586,199		$	8,281,572		$	25,338,850		$	24,130,282
Other insurance operations		3,346,184			3,367,469			10,311,036			10,108,721
Intersegment eliminations (1)		(2,638,994	)		(2,650,699	)		(8,154,694	)		(7,988,351	)
Total other insurance operations		707,190			716,770			2,156,342			2,120,370
Total revenues	$	9,293,389		$	8,998,342		$	27,495,192		$	26,250,652
Loss Before Income Taxes
Insurance company operation	$	(3,917,854	)	$	(2,414,571	)	$	(7,328,672	)	$	(1,856,083	)
Other insurance operations		(517,371	)		(552,151	)		(1,724,725	)		(1,172,071	)
Total loss before income taxes	$	(4,435,225	)	$	(2,966,722	)	$	(9,053,397	)	$	(3,028,154	)

(1) Intersegment revenue eliminations reflect rents paid by Unico to Crusader for space leased in the Calabasas building and commissions paid by Crusader to Unifax Insurance Systems, Inc. (“Unifax”), a wholly owned subsidiary of Unico.

Assets by segemnt

Assets by segment are as follows:

	September 30			December 31
	2017			2016
Assets
Insurance company operation	$	127,140,004		$	124,325,620
Intersegment eliminations (2)		(4,514,427	)		(1,579,820	)
Total insurance company operation		122,625,577			122,745,800
Other insurance operations		15,452,919			15,476,405
Total assets	$	138,078,496		$	138,222,205

(2) Intersegment asset eliminations reflect the elimination of Crusader receivables from Unifax and Unifax payables to Crusader.