Segment information

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Segment information

Segment information. During 2014, certain title production operations performed on behalf of our direct offices and independent agents and previously reported in the mortgage services segment were aligned with the title segment. Prior years' results for both title segment and mortgage services segment were restated to conform with this new reporting. 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 the 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. These services include providing origination and servicing support; default and REO services; post-closing outsourcing; portfolio due diligence; mortgage compliance solutions; servicer oversight to residential mortgage lenders and servicers and investors; technology to support the real estate transaction, and centralized title and valuation services to large lenders. The single largest customer of the mortgage services segment accounted for 51.4%, 74.5% and 79.7% of mortgage services revenues in 2014, 2013 and 2012, 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.

Selected statement of operations and comprehensive earnings (loss) information related to these segments follows:

	Title	Mortgage Services	Corporate		Total
	($000 omitted)
2014:
Revenues	1,660,001	194,018	16,811		1,870,830
Intersegment revenues	—	462	—		462
Depreciation and amortization	7,059	9,540	7,627		24,226
Earnings (loss) before taxes and noncontrolling interests	184,016	6,364	(138,568	)	51,812
2013:
Revenues	1,792,210	121,945	13,825		1,927,980
Intersegment revenues	—	7,178	3,150		10,328
Depreciation and amortization	5,957	4,634	7,329		17,920
Earnings (loss) before taxes and noncontrolling interests	211,240	12,609	(122,784	)	101,065
2012:
Revenues	1,731,549	158,665	20,198		1,910,412
Intersegment revenues	—	5,576	3,836		9,412
Depreciation and amortization	6,545	3,662	7,576		17,783
Earnings (loss) before taxes and noncontrolling interests	159,478	48,957	(119,097	)	89,338

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

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

	2014	2013	2012
	($000 omitted)
United States	1,751,458	1,811,714	1,791,316
International	119,372	116,266	119,096
	1,870,830	1,927,980	1,910,412