Segment Information

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company has one reportable segment, title insurance services. The remaining immaterial segments have been combined into a group called “All Other.”

The title insurance segment primarily issues title insurance policies through approved attorneys from underwriting offices and through independent issuing agents. Title insurance policies insure titles to real estate.

Provided below is selected financial information about the Company's operations by segment for the periods ended June 30, 2015 and 2014:

Three Months Ended June 30, 2015	Title Insurance		All Other		Intersegment Eliminations			Total
Insurance and other services revenues	$	32,245,905	$	1,655,359	$	(476,108	)	$	33,425,156
Investment income	1,010,243		144,578		(23,334		)	1,131,487
Net realized gain on investments	899,588		25,576		—			925,164
Total revenues	$	34,155,736	$	1,825,513	$	(499,442	)	$	35,481,807
Operating expenses	28,614,932		1,539,065		(458,687		)	29,695,310
Income before income taxes	$	5,540,804	$	286,448	$	(40,755	)	$	5,786,497
Total assets	$	156,308,663	$	43,890,892	$	—		$	200,199,555

Three Months Ended June 30, 2014	Title Insurance		All Other			Intersegment Eliminations			Total
Insurance and other services revenues	$	31,068,218	$	1,447,431		$	(425,613	)	$	32,090,036
Investment income	937,692		125,077			(23,334		)	1,039,435
Net realized gain (loss) on investments	92,920		(838		)	—			92,082
Total revenues	$	32,098,830	$	1,571,670		$	(448,947	)	$	33,221,553
Operating expenses	27,590,537		1,360,164			(408,192		)	28,542,509
Income before income taxes	$	4,508,293	$	211,506		$	(40,755	)	$	4,679,044
Total assets	$	148,524,746	$	42,727,628		$	—		$	191,252,374

Six Months Ended June 30, 2015	Title Insurance		All Other		Intersegment Eliminations			Total
Insurance and other services revenues	$	58,241,430	$	3,119,516	$	(826,823	)	$	60,534,123
Investment income	2,061,018		295,176		(46,668		)	2,309,526
Net realized gain on investments	913,967		26,000		—			939,967
Total revenues	$	61,216,415	$	3,440,692	$	(873,491	)	$	63,783,616
Operating expenses	53,212,403		3,207,573		(791,981		)	55,627,995
Income before income taxes	$	8,004,012	$	233,119	$	(81,510	)	$	8,155,621
Total assets	$	156,308,663	$	43,890,892	$	—		$	200,199,555

Six Months Ended June 30, 2014	Title Insurance		All Other		Intersegment Eliminations			Total
Insurance and other services revenues	$	56,875,668	$	2,900,732	$	(750,843	)	$	59,025,557
Investment income	1,866,204		246,315		(46,668		)	2,065,851
Net realized gain on investments	530,528		53,691		—			584,219
Total revenues	$	59,272,400	$	3,200,738	$	(797,511	)	$	61,675,627
Operating expenses	53,315,465		3,040,604		(716,001		)	55,640,068
Income before income taxes	$	5,956,935	$	160,134	$	(81,510	)	$	6,035,559
Total assets	$	148,524,746	$	42,727,628	$	—		$	191,252,374