XML 35 R21.htm IDEA: XBRL DOCUMENT v3.8.0.1
Segment Information
 12 Months Ended
Dec. 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 December 31, 2017, 2016 and 2015:
2017
Title
Insurance
 
All
Other
 
Intersegment
Eliminations
 
Total
Insurance and other services revenues
$
154,333,311

 
$
7,530,496

 
$
(5,699,859
)
 
$
156,163,948

Investment income
4,992,127

 
546,105

 
(1,093,785
)
 
4,444,447

Net realized gain on investments
931,635

 
109,266

 
—

 
1,040,901

Total revenues
$
160,257,073

 
$
8,185,867

 
$
(6,793,644
)
 
$
161,649,296

Operating expenses
129,095,939

 
7,912,962

 
(5,630,175
)
 
131,378,726

Income before income taxes
$
31,161,134

 
$
272,905

 
$
(1,163,469
)
 
$
30,270,570

Total assets
$
193,827,920

 
$
55,084,939

 
$
—

 
$
248,912,859

2016
Title
Insurance
 
All
Other
 
Intersegment
Eliminations
 
Total
Insurance and other services revenues
$
128,408,746

 
$
6,808,392

 
$
(2,177,649
)
 
$
133,039,489

Investment income
4,329,605

 
564,891

 
(210,007
)
 
4,684,489

Net realized gain on investments
644,850

 
123,586

 
—

 
768,436

Total revenues
$
133,383,201

 
$
7,496,869

 
$
(2,387,656
)
 
$
138,492,414

Operating expenses
105,885,770

 
6,583,157

 
(2,107,965
)
 
110,360,962

Income before income taxes
$
27,497,431

 
$
913,712

 
$
(279,691
)
 
$
28,131,452

Total assets
$
183,763,655

 
$
45,174,467

 
$
—

 
$
228,938,122

2015
Title
Insurance
 
All
Other
 
Intersegment
Eliminations
 
Total
Insurance and other services revenues
$
118,144,981

 
$
6,479,484

 
$
(1,839,549
)
 
$
122,784,916

Investment income
4,073,857

 
574,132

 
(116,670
)
 
4,531,319

Net realized loss on investments
(13,603
)
 
(102,560
)
 
—

 
(116,163
)
Total revenues
$
122,205,235

 
$
6,951,056

 
$
(1,956,219
)
 
$
127,200,072

Operating expenses
104,594,829

 
6,598,055

 
(1,769,865
)
 
109,423,019

Income before income taxes
$
17,610,406

 
$
353,001

 
$
(186,354
)
 
$
17,777,053

Total assets
$
163,582,898

 
$
47,939,131

 
$
—

 
$
211,522,029