Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Revenues and loss before income taxes by segment

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

	Three Months Ended June 30						Six Months Ended June 30
	2018			2017			2018			2017
Revenues
Insurance company operation	$	7,927,789		$	8,551,554		$	16,109,807		$	16,752,651
Other insurance operations		2,906,772			3,575,396			5,949,544			6,964,851
Intersegment eliminations (1)		(2,191,109	)		(2,885,644	)		(4,609,010	)		(5,515,699	)
Total other insurance operations		715,663			689,752			1,340,534			1,449,152
Total revenues	$	8,643,452		$	9,241,306		$	17,450,341		$	18,201,803
Income (Loss) Before Taxes
Insurance company operation	$	892,285		$	(346,898	)	$	(1,060,329	)	$	(3,410,818	)
Other insurance operations		(605,253	)		(1,003,928	)		(1,464,571	)		(1,207,357	)
Total income (loss) before taxes	$	287,032		$	(1,350,826	)	$	(2,524,900	)	$	(4,618,175	)

(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:

	As of
	June 30			December 31
	2018			2017
Assets
Insurance company operation	$	114,015,943		$	117,274,626
Intersegment eliminations (2)		(2,583,114	)		(2,486,500	)
Total insurance company operation		111,432,829			114,788,126
Other insurance operations		14,066,662			15,510,632
Total assets	$	125,499,491		$	130,298,758

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