Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2018

Notes to Financial Statements

Revenues and loss before income taxes by segment

Revenues and loss before taxes by segment are as follows:

	Three Months Ended						Nine Months Ended
	September 30						September 30
	2018			2017			2018			2017
Revenues
Insurance company operation	$	7,537,951		$	8,586,199		$	23,647,759		$	25,338,850
Other insurance operations		2,807,648			3,346,184			8,757,192			10,311,036
Intersegment eliminations (1)		(2,184,565	)		(2,638,994	)		(6,793,574	)		(8,154,694	)
Total other insurance operations		623,083			707,190			1,963,618			2,156,342
Total revenues	$	8,161,034		$	9,293,389		$	25,611,377		$	27,495,192
Loss Before Taxes
Insurance company operation	$	(282,446	)	$	(3,917,854	)	$	(1,342,775	)	$	(7,328,672	)
Other insurance operations		(529,695	)		(517,371	)		(1,994,266	)		(1,724,725	)
Total loss before taxes	$	(812,141	)	$	(4,435,225	)	$	(3,337,041	)	$	(9,053,397	)

(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
	September 30			December 31
	2018			2017
Assets
Insurance company operation	$	112,577,045		$	117,274,626
Intersegment eliminations (1)		(2,576,592	)		(2,486,500	)
Total insurance company operation		110,000,453			114,788,126
Other insurance operations		13,591,453			15,510,632
Total assets	$	123,591,906		$	130,298,758

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