Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Revenues and income before income taxes by segment

Revenues and income (loss) before income taxes by segment are as follows:

	Three Months Ended						Six Months Ended
	June 30						June 30
	2017			2016			2017			2016
Revenues
Insurance company operation	$	8,551,554		$	7,997,979		$	16,752,651		$	15,848,710
Other insurance operations		3,575,396			3,543,106			6,964,851			6,741,252
Intersegment eliminations (1)		(2,885,644	)		(2,818,453	)		(5,515,699	)		(5,337,652	)
Total other insurance operations		689,752			724,653			1,449,152			1,403,600
Total revenues	$	9,241,306		$	8,722,632		$	18,201,803		$	17,252,310
Income (Loss) Before Income Taxes
Insurance company operation	$	(346,898	)	$	304,736		$	(3,410,818	)	$	558,489
Other insurance operations		(1,003,928	)		(96,142	)		(1,207,357	)		(619,921	)
Total income (loss) before income taxes	$	(1,350,826	)	$	208,594		$	(4,618,175	)	$	(61,432	)

(1) Intersegment revenue eliminations reflect rents paid by Unico to Crusader for space leased in the Calabasas building and commissions paid by Crusader to Unifax Insurance Systems, Inc. (“Unifax”), a wholly owned subsidiary of Unico.

Assets by segemnt

Assets by segment are as follows: 

	June 30			December 31
	2017			2016
Assets
Insurance company operation	$	128,728,314		$	124,325,620
Intersegment eliminations (2)		(2,669,587	)		(1,579,820	)
Total insurance company operation		126,058,727			122,745,800
Other insurance operations		14,720,070			15,476,405
Total assets	$	140,778,797		$	138,222,205

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