Segment Information

9 Months Ended

Sep. 30, 2012

Segment Information [Abstract]

Segment Information

Note 4 – 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.

     The following table shows selected financial information about the Company's operations by segment for the periods ended September 30, 2012 and 2011

Three Months Ended		Title		All		Intersegment
September 30, 2012		Insurance		Other		Eliminations			Total
Operating revenues	$	30,429,446	$	1,356,733	$	(571,134	)	$	31,215,045
Investment income		832,241		150,749		(20,417	)		962,573
Net realized gain on investments		85,560		14,230		0			99,790
Total revenues	$	31,347,247	$	1,521,712	$	(591,551	)	$	32,277,408
Operating expenses		27,086,970		1,026,236		(553,713	)		27,559,493
Income before income taxes	$	4,260,277	$	495,476	$	(37,838	)	$	4,717,915
Total assets	$	132,713,703	$	37,296,333	$	0		$	170,010,036

Three Months Ended		Title			All			Intersegment
September 30, 2011		Insurance			Other			Eliminations			Total
Operating revenues	$	24,501,862		$	1,128,526		$	(200,486	)	$	25,429,902
Investment income		783,495			123,977			(20,417	)		887,055
Net realized loss on investments		(179,016	)		(21,071	)		0			(200,087	)
Total revenues	$	25,106,341		$	1,231,432		$	(220,903	)	$	26,116,870
Operating expenses		21,620,657			1,235,234			(200,486	)		22,655,405
Income (loss) before income taxes	$	3,485,684		$	(3,802	)	$	(20,417	)	$	3,461,465
Total assets	$	118,905,284		$	36,591,725		$	0		$	155,497,009

Nine Months Ended		Title		All		Intersegment
September 30, 2012		Insurance		Other		Eliminations			Total
Operating revenues	$	74,967,470	$	3,635,577	$	(1,138,611	)	$	77,464,436
Investment income		2,566,875		444,129		(61,252	)		2,949,752
Net realized gain on investments		182,249		175,570		0			357,819
Total revenues	$	77,716,594	$	4,255,276	$	(1,199,863	)	$	80,772,007
Operating expenses		66,772,534		3,820,487		(1,103,769	)		69,489,252
Income before income taxes	$	10,944,060	$	434,789	$	(96,094	)	$	11,282,755
Total assets	$	132,713,703	$	37,296,333	$	0		$	170,010,036

Nine Months Ended		Title			All			Intersegment
September 30, 2011		Insurance			Other			Eliminations			Total
Operating revenues	$	64,498,303		$	3,383,112		$	(609,385	)	$	67,272,030
Investment income		2,348,441			378,056			(61,252	)		2,665,245
Net realized loss on investments		(54,407	)		(24,765	)		0			(79,172	)
Total revenues	$	66,792,337		$	3,736,403		$	(670,637	)	$	69,858,103
Operating expenses		59,758,416			3,862,595			(609,385	)		63,011,626
Income (loss) before income taxes	$	7,033,921		$	(126,192	)	$	(61,252	)	$	6,846,477
Total assets	$	118,905,284		$	36,591,725		$	0		$	155,497,009

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