Segment information

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Segment information

Segment information. Prior to 2016, the Company reported three operating segments: title insurance and related services (title), mortgage services and corporate. Effective in the first quarter 2016, as a result of restructuring and streamlining the management of the mortgage services operations, the Company began reporting two operating segments: title and ancillary services and corporate. The centralized title services business, previously included in the mortgage services segment, is now included in the title segment. The remaining operations of the mortgage services segment, principally valuation services, government services and loan file review and audit, are not material, in the aggregate, for separate segment presentation and are now included in the ancillary services and corporate segment. In addition, the Company began allocating the costs of its centralized administrative services departments to the respective operating businesses. The new operating segments reflect the current manner that management uses in allocating resources and assessing performance of the Company's businesses.

The title segment provides services needed to transfer title to property in a real estate transaction and includes services such as searching, examining, closing and insuring the condition of the title to the property. In addition, the title segment includes centralized title services, home and personal insurance services and Internal Revenue Code Section 1031 tax-deferred exchanges. The ancillary services and corporate segment consists principally of services related to valuation services to large lenders, government services and loan file and review and audit (referred to as ancillary services and other operations). Also included in the ancillary services and corporate segment are expenses of the parent holding company and certain other enterprise-wide overhead costs.

Selected statement of income information related to these segments is as follows using restated prior year period amounts to conform to the new segment presentation:

	For the Three Months Ended   September 30,				For the Nine Months Ended   September 30,
	2016		2015		2016		2015
	($000 omitted)
Title segment:
Revenues	529,816		527,294		1,410,863		1,431,412
Depreciation and amortization	5,120		4,711		15,642		13,870
Income before taxes and noncontrolling interest	50,308		48,803		100,984		95,978
Ancillary services and corporate segment:
Revenues	23,394		28,411		70,012		105,070
Depreciation and amortization	1,962		2,922		7,086		8,143
Loss before taxes and noncontrolling interest	(11,500	)	(54,371	)	(35,977	)	(89,389	)
Consolidated Stewart:
Revenues	553,210		555,705		1,480,875		1,536,482
Depreciation and amortization	7,082		7,633		22,728		22,013
Income (loss) before taxes and noncontrolling interest	38,808		(5,568	)	65,007		6,589

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

Revenues generated in the United States and all international operations are as follows:

	For the Three Months Ended   September 30,		For the Nine Months Ended   September 30,
	2016	2015	2016	2015
	($000 omitted)
United States	518,204	524,567	1,394,228	1,456,742
International	35,006	31,138	86,647	79,740
	553,210	555,705	1,480,875	1,536,482