Segment Information

9 Months Ended

Sep. 30, 2019

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 September 30, 2019 and 2018:

Three Months Ended September 30, 2019 (in thousands)	Title Insurance		All Other		Intersegment Eliminations			Total
Insurance and other services revenues	$	44,079	$	2,851	$	(1,684	)	$	45,246
Investment income	1,879		391		—			2,270
Net realized gain on investments	346		77		—			423
Total revenues	$	46,304	$	3,319	$	(1,684	)	$	47,939
Operating expenses	37,201		2,269		(1,550		)	37,920
Income before income taxes	$	9,103	$	1,050	$	(134	)	$	10,019
Total assets	$	191,436	$	74,678	$	—		$	266,114

Three Months Ended September 30, 2018 (in thousands)	Title Insurance		All Other		Intersegment Eliminations			Total
Insurance and other services revenues	$	42,891	$	2,120	$	(1,825	)	$	43,186
Investment income	4,247		640		—			4,887
Net realized gain on investments	141		47		—			188
Total revenues	$	47,279	$	2,807	$	(1,825	)	$	48,261
Operating expenses	35,359		2,033		(1,691		)	35,701
Income before income taxes	$	11,920	$	774	$	(134	)	$	12,560
Total assets	$	212,181	$	54,395	$	—		$	266,576

Nine Months Ended September 30, 2019 (in thousands)	Title Insurance		All Other		Intersegment Eliminations			Total
Insurance and other services revenues	$	113,999	$	8,373	$	(4,820	)	$	117,552
Investment income	9,780		2,087		—			11,867
Net realized gain on investments	1,102		97		—			1,199
Total revenues	$	124,881	$	10,557	$	(4,820	)	$	130,618
Operating expenses	102,792		6,991		(4,417		)	105,366
Income before income taxes	$	22,089	$	3,566	$	(403	)	$	25,252
Total assets	$	191,436	$	74,678	$	—		$	266,114

Nine Months Ended September 30, 2018 (in thousands)	Title Insurance		All Other		Intersegment Eliminations			Total
Insurance and other services revenues	$	113,992	$	6,006	$	(4,940	)	$	115,058
Investment income	6,986		1,300		—			8,286
Net realized gain on investments	548		81		—			629
Total revenues	$	121,526	$	7,387	$	(4,940	)	$	123,973
Operating expenses	95,575		6,337		(4,538		)	97,374
Income before income taxes	$	25,951	$	1,050	$	(402	)	$	26,599
Total assets	$	212,181	$	54,395	$	—		$	266,576