Segment information

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Segment information

Segment information. During 2014, certain title production operations performed on behalf of our direct offices and independent agencies and previously reported in the mortgage services segment were aligned with the title segment. 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 to property 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, servicers and investors; technology to support the real estate transaction, and centralized title and valuation services to large lenders.

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 loss information related to these segments follows:

	For the Three Months Ended   March 31,
	2015	2014
	($000 omitted)
Revenues:
Title	380,369	364,208
Mortgage services	63,710	25,256
Corporate	4,793	4,112
	448,872	393,576
Intersegment revenues:
Mortgage services	240	105
Depreciation and amortization:
Title	2,055	1,369
Mortgage services	2,858	1,119
Corporate	2,192	1,907
	7,105	4,395

(Loss) earnings before taxes and noncontrolling interests:
Title	19,632		17,829
Mortgage services	2,655		(1,923	)
Corporate	(41,162	)	(34,492	)
	(18,875	)	(18,586	)

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   March 31,
	2015	2014
	($000 omitted)
United States	429,209	370,908
International	19,663	22,668
	448,872	393,576