Segment information

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment information

Segment information. The Company’s three reportable operating segments are title insurance and related services (title), mortgage services and corporate. The title segment provides services needed to transfer the title in a real estate transaction. These services include searching, examining, closing and insuring the condition of the title to the property. The title segment also includes home and personal insurance services and Internal Revenue Code Section 1031 tax-deferred exchanges.

The mortgage services segment includes a diverse group of products and services provided to multiple markets. These services include providing origination and servicing support; default and REO services; post-closing outsourcing; portfolio due diligence; mortgage compliance solutions; servicer oversight to residential mortgage lenders, servicers and investors; technology to support the real estate transaction, and centralized title and valuation services to large lenders. The single largest customer of the mortgage services segment accounted for 41.1%, 51.4% and 74.5% of mortgage services revenues in 2015, 2014 and 2013, respectively.

The corporate segment consists of the expenses of the parent holding company, certain other corporate overhead expenses, and the costs of its centralized support operations not otherwise allocated to the operating segments. The revenues for the segment are primarily related to investment income.

Selected statement of operations information related to these segments is as follows:

	Title	Mortgage Services		Corporate		Total
	($000 omitted)
2015:
Revenues	1,805,267	212,934		15,684		2,033,885
Impairment of goodwill	—	35,749		—		35,749
Depreciation and amortization	8,545	13,074		8,679		30,298
Income (loss) before taxes and noncontrolling interests	225,238	(56,645	)	(158,900	)	9,693
2014:
Revenues	1,660,001	194,018		16,811		1,870,830
Depreciation and amortization	7,059	9,540		7,627		24,226
Income (loss) before taxes and noncontrolling interests	184,016	6,364		(138,568	)	51,812
2013:
Revenues	1,792,210	121,945		13,825		1,927,980
Depreciation and amortization	5,957	4,634		7,329		17,920
Income (loss) before taxes and noncontrolling interests	211,240	12,609		(122,784	)	101,065

The Company does not provide asset information by reportable operating segment as it does not routinely evaluate the asset position by segment.

Revenues for the years ended December 31 in the United States and all international operations are as follows:

	2015	2014	2013
	($000 omitted)
United States	1,925,865	1,751,458	1,811,714
International	108,020	119,372	116,266
	2,033,885	1,870,830	1,927,980