Segment information

12 Months Ended

Dec. 31, 2013

Segment information

NOTE 20

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 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 provided to multiple markets. Mortgage services provides origination and component servicing support; default and REO services; post-closing outsourcing; portfolio due diligence; mortgage compliance solutions; servicer oversight to residential mortgage lenders, servicers and investors; and technology to support the real estate process. The single largest customer of the mortgage services segment accounted for 67.0%, 73.0% and 65.7% of mortgage services revenues in 2013, 2012 and 2011, 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 lines of business.

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)
2013:
Revenues		1,778,655		135,500		13,825			1,927,980
Intersegment revenues		—		9,214		3,150			12,364
Depreciation and amortization		5,790		4,801		7,329			17,920
Earnings (loss) before taxes and noncontrolling interests		211,844		12,004		(122,783	)		101,065
2012:
Revenues		1,716,949		173,265		20,198			1,910,412
Intersegment revenues		—		7,058		3,836			10,894
Depreciation and amortization		6,102		4,105		7,576			17,783
Earnings (loss) before taxes and noncontrolling interests		161,642		46,793		(119,097	)		89,338
2011:
Revenues		1,499,961		118,197		16,748			1,634,906
Intersegment revenues		—		10,200		3,025			13,225
Depreciation and amortization		8,083		4,383		7,076			19,542
Earnings (loss) before taxes and noncontrolling interests		90,701		32,122		(104,804	)		18,019

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

	2013		2012		2011
	($000 omitted)
United States		1,811,714		1,791,316		1,515,378
International		116,266		119,096		119,528
		1,927,980		1,910,412		1,634,906