Segment information

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Segment information

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 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 operating segments. The revenues for the segment are primarily related to investment income.

Selected statement of operations and income (loss) information related to these segments are as follows:

	For the Three Months Ended   June 30,		For the Six Months Ended   June 30,
	2015	2014	2015	2014
	($000 omitted)
Revenues:
Title	468,985	406,018	849,354	770,227
Mortgage services	58,031	35,820	121,741	61,076
Corporate	4,890	5,000	9,683	9,111
	531,906	446,838	980,778	840,414
Intersegment revenues:
Mortgage services	241	104	481	209
Depreciation and amortization:
Title	2,151	1,446	4,206	2,814
Mortgage services	2,897	1,860	5,754	2,979
Corporate	2,226	1,749	4,419	3,657
	7,274	5,055	14,379	9,450

Income (loss) before taxes and noncontrolling interests:
Title	72,769		45,621		92,401		63,451
Mortgage services	(3,346	)	(2,323	)	(691	)	(4,246	)
Corporate	(38,391	)	(31,762	)	(79,553	)	(66,255	)
	31,032		11,536		12,157		(7,050	)

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 are as follows:

	For the Three Months Ended   June 30,
	2015	2014
	($000 omitted)
United States	502,968	413,338
International	28,938	33,500
	531,906	446,838