Segment information

12 Months Ended

Dec. 31, 2012

Segment information

NOTE 20

Segment information. Subsequent to the appointment of a new Chief Executive Officer, the Company reorganized the senior management team and updated its long-term business strategy in fiscal 2012. As a result of these events, we have revised our reportable operating segments to align with the current management of the business. The segment information for prior periods presented has been restated. 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 real 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 serving multiple markets. Mortgage services provides loan origination and servicing support; loan review services; loss mitigation; REO asset management; and technology to support the real estate process. The single largest customer of the mortgage services segment accounted for 71.1%, 62.9%, and 50.0% of mortgage services revenues in 2012, 2011 and 2010, respectively.

The corporate segment consists of the expenses relating to the parent holding company and certain other unallocated corporate overhead expenses.

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

	Title		Mortgage Services		Corporate			Total
	($000 omitted)
2012:
Revenues		1,713,082		178,015		19,315			1,910,412
Intersegment revenues		—		8,158		3,836			11,994
Depreciation and amortization		6,143		4,107		7,533			17,783
Earnings (loss) before taxes and noncontrolling interests		147,628		48,633		(106,923	)		89,338
2011:
Revenues		1,494,557		123,601		16,748			1,634,906
Intersegment revenues		—		15,675		3,025			18,700
Depreciation and amortization		7,691		4,774		7,077			19,542
Earnings (loss) before taxes and noncontrolling interests		89,438		33,386		(104,805	)		18,019
2010:
Revenues		1,523,742		114,328		34,320			1,672,390
Intersegment revenues		—		15,922		3,244			19,166
Depreciation and amortization		9,682		4,250		7,490			21,422
Earnings (loss) before taxes and noncontrolling interests		82,062		22,059		(101,196	)		2,925

Revenues for the years ended December 31 in the United States and all international operations follow:

	2012		2011		2010
	($000 omitted)
United States		1,791,316		1,515,378		1,564,057
International		119,096		119,528		108,333
		1,910,412		1,634,906		1,672,390