Segment information

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Segment information

Segment information. The Company reports two operating segments: title and ancillary services and corporate. 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 historically provided appraisal and valuation services, loan file review, quality control services, government services, document management, recording and call center-related services offered to large mortgage lenders and servicers, mortgage brokers and mortgage investors. Beginning in 2017, the principal offerings of ancillary services are appraisal and valuation services. Also included in the ancillary services and corporate segment are expenses of the parent holding company and certain other enterprise-wide overhead costs, net of centralized administrative services costs allocated to respective operating businesses.

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

	Three Months Ended   September 30,				Nine Months Ended   September 30,
	2017		2016		2017		2016
	($000 omitted)
Title segment:
Revenues	488,612		529,816		1,384,857		1,410,863
Depreciation and amortization	5,534		5,120		16,081		15,642
Income before taxes and noncontrolling interest	24,610		50,308		76,354		100,984
Ancillary services and corporate segment:
Revenues	12,957		23,394		45,204		70,012
Depreciation and amortization	1,044		1,962		3,316		7,086
Loss before taxes and noncontrolling interest	(6,013	)	(11,500	)	(18,742	)	(35,977	)
Consolidated Stewart:
Revenues	501,569		553,210		1,430,061		1,480,875
Depreciation and amortization	6,578		7,082		19,397		22,728
Income before taxes and noncontrolling interest	18,597		38,808		57,612		65,007

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:

	Three Months Ended   September 30,		Nine Months Ended   September 30,
	2017	2016	2017	2016
	($000 omitted)
United States	464,111	518,204	1,335,129	1,394,228
International	37,458	35,006	94,932	86,647
	501,569	553,210	1,430,061	1,480,875