Segment Information

6 Months Ended

Jun. 30, 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 June 30, 2018 and 2017:



Three Months Ended June 30, 2018 (in thousands)	Title Insurance		All Other		Intersegment Eliminations			Total
Insurance and other services revenues	$	38,680	$	1,996	$	(1,682	)	$	38,994
Investment income	2,125		529		—			2,654
Net realized gain on investments	264		24		—			288
Total revenues	$	41,069	$	2,549	$	(1,682	)	$	41,936
Operating expenses	32,424		2,246		(1,548		)	33,122
Income before income taxes	$	8,645	$	303	$	(134	)	$	8,814
Total assets	$	199,132	$	54,066	$	—		$	253,198



Three Months Ended June 30, 2017 (in thousands)	Title Insurance		All Other			Intersegment Eliminations			Total
Insurance and other services revenues	$	37,922	$	1,799		$	(1,559	)	$	38,162
Investment income	1,715		165			—			1,880
Net realized gain on investments	81		2			—			83
Total revenues	$	39,718	$	1,966		$	(1,559	)	$	40,125
Operating expenses	31,176		2,043			(1,440		)	31,779
Income (loss) before income taxes	$	8,542	$	(77	)	$	(119	)	$	8,346
Total assets	$	191,182	$	46,772		$	—		$	237,954



Six Months Ended June 30, 2018 (in thousands)	Title Insurance		All Other		Intersegment Eliminations			Total
Insurance and other services revenues	$	71,101	$	3,886	$	(3,115	)	$	71,872
Investment income	2,739		660		—			3,399
Net realized gain on investments	407		34		—			441
Total revenues	$	74,247	$	4,580	$	(3,115	)	$	75,712
Operating expenses	60,216		4,304		(2,847		)	61,673
Income before income taxes	$	14,031	$	276	$	(268	)	$	14,039
Total assets	$	199,132	$	54,066	$	—		$	253,198



Six Months Ended June 30, 2017 (in thousands)	Title Insurance		All Other			Intersegment Eliminations			Total
Insurance and other services revenues	$	73,686	$	3,451		$	(2,611	)	$	74,526
Investment income	2,877		329			—			3,206
Net realized gain on investments	144		42			—			186
Total revenues	$	76,707	$	3,822		$	(2,611	)	$	77,918
Operating expenses	61,677		3,860			(2,416		)	63,121
Income (loss) before income taxes	$	15,030	$	(38	)	$	(195	)	$	14,797
Total assets	$	191,182	$	46,772		$	—		$	237,954