Segment Information

3 Months Ended

Mar. 31, 2018

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, 2018 and 2017:



Three Months Ended March 31, 2018 (in thousands)	Title Insurance		All Other			Intersegment Eliminations			Total
Insurance and other services revenues	$	32,421	$	1,890		$	(1,433	)	$	32,878
Investment income	614		131			—			745
Net realized gain on investments	143		10			—			153
Total revenues	$	33,178	$	2,031		$	(1,433	)	$	33,776
Operating expenses	27,792		2,058			(1,299		)	28,551
Income (loss) before income taxes	$	5,386	$	(27	)	$	(134	)	$	5,225
Total assets	$	191,396	$	53,285		$	—		$	244,681



Three Months Ended March 31, 2017 (in thousands)	Title Insurance		All Other		Intersegment Eliminations			Total
Insurance and other services revenues	$	35,764	$	1,652	$	(1,052	)	$	36,364
Investment income	1,162		164		—			1,326
Net realized gain on investments	63		40		—			103
Total revenues	$	36,989	$	1,856	$	(1,052	)	$	37,793
Operating expenses	30,501		1,817		(976		)	31,342
Income before income taxes	$	6,488	$	39	$	(76	)	$	6,451
Total assets	$	184,770	$	48,442	$	—		$	233,212