Segment Information

3 Months Ended

Mar. 31, 2019

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 three-month periods ended March 31, 2019 and 2018:



Three Months Ended March 31, 2019 (in thousands)	Title Insurance		All Other		Intersegment Eliminations			Total
Insurance and other services revenues	$	31,319	$	2,691	$	(1,190	)	$	32,820
Investment income	5,430		906		—			6,336
Net realized gain on investments	764		26		—			790
Total revenues	$	37,513	$	3,623	$	(1,190	)	$	39,946
Operating expenses	30,452		2,237		(1,056		)	31,633
Income before income taxes	$	7,061	$	1,386	$	(134	)	$	8,313
Total assets	$	200,187	$	52,803	$	—		$	252,990



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