Segment Information

3 Months Ended

Mar. 31, 2017

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 March 31, 2017 and 2016:

Three Months Ended March 31, 2017	Title Insurance		All Other		Intersegment Eliminations			Total
Insurance and other services revenues	$	35,911,412	$	1,683,563	$	(993,716	)	$	36,601,259
Investment income	1,022,341		132,585		(58,335		)	1,096,591
Net realized gain on investments	63,307		40,032		—			103,339
Total revenues	$	36,997,060	$	1,856,180	$	(1,052,051	)	$	37,801,189
Operating expenses	30,508,997		1,817,307		(976,295		)	31,350,009
Income before income taxes	$	6,488,063	$	38,873	$	(75,756	)	$	6,451,180
Total assets	$	184,769,855	$	48,441,876	$	—		$	233,211,731

Three Months Ended March 31, 2016	Title Insurance		All Other		Intersegment Eliminations			Total
Insurance and other services revenues	$	22,391,723	$	1,572,155	$	(402,697	)	$	23,561,181
Investment income	1,054,786		142,893		(46,668		)	1,151,011
Net realized gain on investments	93,929		55,901		—			149,830
Total revenues	$	23,540,438	$	1,770,949	$	(449,365	)	$	24,862,022
Operating expenses	21,096,917		1,566,921		(385,277		)	22,278,561
Income before income taxes	$	2,443,521	$	204,028	$	(64,088	)	$	2,583,461
Total assets	$	159,904,411	$	47,437,179	$	—		$	207,341,590