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Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2014
Notes to Financial Statements  
Reconcilation of revenues from segments to consolidated

Revenues, income before income taxes by segment are as follows:

   Three Months Ended
   March 31
   2014  2013
Revenues          
Insurance company operation   $6,674,939   $7,044,512 
           
Other insurance operations   2,822,373    3,054,560 
Intersegment eliminations (1)   (2,057,201)   (2,149,289)
   Total other insurance operations   765,172    905,271 
           
   Total revenues  $7,440,111   $7,949,783 
           
Income before Income Taxes          
Insurance company operation  $1,615,934   $381,038 
Other insurance operations   (709,597)   (324,860)
   Total income before income taxes  $906,337   $56,178 

 

(1) Intersegment revenue eliminations reflect commissions paid by Crusader to Unifax Insurance Systems, Inc. (Unifax), a wholly owned subsidiary of Unico.
Reconcilation of assets from segemnt to consoldated

 

Assets by segment are as follows:

 

   As of
   March 31  December 31
   2014  2013
Assets          
Insurance company operation  $120,129,069   $118,996,312 
Intersegment eliminations (2)   (1,376,374)   (482,624)
     Total insurance company operation   118,752,695    118,513,688 
           
Other insurance operations   14,208,121    14,339,500 
     Total assets  $132,960,816   $132,853,188 

 

(2) Intersegment asset eliminations reflect the elimination of Crusader receivables and Unifax payables.