Segment information

9 Months Ended

Sep. 30, 2013

Segment information

NOTE 8

Segment information. Subsequent to the appointment of our 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, the Company revised its reportable operating segments effective with fourth quarter 2012 reporting to align with the current management of the business. 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.

Selected statement of earnings and comprehensive earnings information related to these segments follows:

	For the Three Months Ended September 30,						For the Nine Months  Ended September 30,
	2013			2012			2013			2012
	($000 omitted)
Revenues:
Title		500,899			468,040			1,358,742			1,247,633
Mortgage services		31,391			45,677			109,907			126,605
Corporate		4,545			7,024			9,119			15,202
		536,835			520,741			1,477,768			1,389,440
Intersegment revenues:
Title		—			—			—			—
Mortgage services		(2,896	)		(1,841	)		(7,123	)		(5,427	)
Corporate		(790	)		(909	)		(2,372	)		(2,946	)
		(3,686	)		(2,750	)		(9,495	)		(8,373	)
Depreciation and amortization:
Title		1,421			1,481			4,389			4,661
Mortgage services		1,062			956			2,947			3,105
Corporate		1,659			1,899			5,385			5,657
		4,142			4,336			12,721			13,423
Earnings (loss) before taxes and noncontrolling interests:
Title		61,713			50,635			165,198			114,972
Mortgage services		(1,417	)		12,381			13,575			32,631
Corporate		(30,706	)		(23,652	)		(93,174	)		(84,953	)
		29,590			39,364			85,599			62,650

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 follows:

	For the Three Months Ended September 30,				For the Nine Months  Ended September 30,
	2013		2012		2013		2012
	($000 omitted)
United States		504,209		487,371		1,390,220		1,299,381
International		32,626		33,370		87,548		90,059
		536,835		520,741		1,477,768		1,389,440