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Segment Information
 6 Months Ended
Jun. 30, 2014
Segment Reporting [Abstract]  
Segment Information
Segment Information

The Company has one reportable segment, title insurance services.  The remaining immaterial segments have been combined into a group called “All Other.”

The title insurance segment primarily issues title insurance policies through approved attorneys from underwriting offices and through independent issuing agents. Title insurance policies insure titles to real estate.

Provided below is selected financial information about the Company's operations by segment for the periods ended June 30, 2014 and 2013:
Three Months Ended June 30, 2014
Title
Insurance
 
All
Other
 
Intersegment
Eliminations
 
Total
Insurance and other services revenues
$
31,068,218

 
$
1,447,431

 
$
(425,613
)
 
$
32,090,036

Investment income
937,692

 
125,077

 
(23,334
)
 
1,039,435

Net realized gain (loss) on investments
92,920

 
(838
)
 
—

 
92,082

Total revenues
$
32,098,830

 
$
1,571,670

 
$
(448,947
)
 
$
33,221,553

Operating expenses
27,590,537

 
1,360,164

 
(408,192
)
 
28,542,509

Income before income taxes
$
4,508,293

 
$
211,506

 
$
(40,755
)
 
$
4,679,044

Total assets
$
148,524,746

 
$
42,727,628

 
$
—

 
$
191,252,374

Three Months Ended June 30, 2013
Title
Insurance
 
All
Other
 
Intersegment
Eliminations
 
Total
Insurance and other services revenues
$
31,691,606

 
$
1,382,206

 
$
(360,731
)
 
$
32,713,081

Investment income
858,168

 
90,213

 
(23,334
)
 
925,047

Net realized gain (loss) on investments
59,473

 
(4,201
)
 
—

 
55,272

Total revenues
$
32,609,247

 
$
1,468,218

 
$
(384,065
)
 
$
33,693,400

Operating expenses
26,580,339

 
1,586,320

 
(343,309
)
 
27,823,350

Income (loss) before income taxes
$
6,028,908

 
$
(118,102
)
 
$
(40,756
)
 
$
5,870,050

Total assets
$
144,732,176

 
$
35,793,158

 
$
—

 
$
180,525,334

Six Months Ended June 30, 2014
Title
Insurance
 
All
Other
 
Intersegment
Eliminations
 
Total
Insurance and other services revenues
$
56,875,668


$
2,900,732


$
(750,843
)

$
59,025,557

Investment income
1,866,204


246,315


(46,668
)

2,065,851

Net realized gain on investments
530,528


53,691


—


584,219

Total revenues
$
59,272,400


$
3,200,738


$
(797,511
)

$
61,675,627

Operating expenses
53,315,465


3,040,604


(716,001
)

55,640,068

Income before income taxes
$
5,956,935


$
160,134


$
(81,510
)

$
6,035,559

Total assets
$
148,524,746


$
42,727,628


$
—


$
191,252,374

Six Months Ended June 30, 2013
Title
Insurance
 
All
Other
 
Intersegment
Eliminations
 
Total
Insurance and other services revenues
$
56,720,164

 
$
2,608,457

 
$
(704,096
)
 
$
58,624,525

Investment income
1,706,823

 
185,377

 
(46,668
)
 
1,845,532

Net realized gain (loss) on investments
91,074

 
(19,458
)
 
—

 
71,616

Total revenues
$
58,518,061

 
$
2,774,376

 
$
(750,764
)
 
$
60,541,673

Operating expenses
47,445,711

 
3,143,747

 
(669,253
)
 
49,920,205

Income (loss) before income taxes
$
11,072,350

 
$
(369,371
)
 
$
(81,511
)
 
$
10,621,468

Total assets
$
144,732,176

 
$
35,793,158

 
$
—

 
$
180,525,334