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Segment Information
12 Months Ended
Dec. 31, 2011
Segment Information [Abstract]  
Segment Information

13. Segment Information

     Consistent with the requirements of reporting 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 residential, institutional, commercial and industrial properties.

 

Provided below is selected financial information about the Company's operations by segment for the two years ended December 31, 2011 and 2010:

    Title   All     Intersegment      
2011   Insurance   Other     Elimination     Total
Operating revenues $ 83,420,562 $ 4,455,631   $ (814,632 ) $ 87,061,561
Investment income   3,174,148   502,557     (81,669 )   3,595,036
Net realized gain (loss) on investments   97,640   (69,081 )   -     28,559
Total revenues $ 86,692,350 $ 4,889,107   $ (896,301 ) $ 90,685,156
Operating expenses   77,294,353   4,706,499     (814,632 )   81,186,220
Income before taxes $ 9,397,997 $ 182,608   $ (81,669 ) $ 9,498,936
Assets $ 123,712,762 $ 34,245,701   $ -   $ 157,958,463

 

    Title   All     Intersegment      
2010   Insurance   Other     Elimination     Total
Operating revenues $ 63,502,167 $ 4,271,433   $ (790,097 ) $ 66,983,503
Investment income   3,149,932   602,915     (81,669 )   3,671,178
Net realized gain (loss) on investments   728,508   (73,834 )   -     654,674
Total revenues $ 67,380,607 $ 4,800,514   $ (871,766 ) $ 71,309,355
Operating expenses   58,765,581   4,718,245     (790,097 )   62,693,729
Income before taxes $ 8,615,026 $ 82,269   $ (81,669 ) $ 8,615,626
Assets $ 112,664,322 $ 40,821,044   $ -   $ 153,485,366