Segment Information

6 Months Ended

Jun. 30, 2016

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, 2016 and 2015:

Three Months Ended June 30, 2016	Title Insurance			All Other		Intersegment Eliminations			Total
Insurance and other services revenues	$	31,378,257		$	1,898,899	$	(601,622	)	$	32,675,534
Investment income	1,072,189			141,484		(46,668		)	1,167,005
Net realized (loss) gain on investments	(19,806		)	4,978		—			(14,828		)
Total revenues	$	32,430,640		$	2,045,361	$	(648,290	)	$	33,827,711
Operating expenses	26,182,798			1,687,067		(584,201		)	27,285,664
Income before income taxes	$	6,247,842		$	358,294	$	(64,089	)	$	6,542,047
Total assets	$	167,239,552		$	46,319,315	$	—		$	213,558,867

Three Months Ended June 30, 2015	Title Insurance		All Other		Intersegment Eliminations			Total
Insurance and other services revenues	$	32,245,905	$	1,655,359	$	(476,108	)	$	33,425,156
Investment income	1,010,243		144,578		(23,334		)	1,131,487
Net realized gain on investments	899,588		25,576		—			925,164
Total revenues	$	34,155,736	$	1,825,513	$	(499,442	)	$	35,481,807
Operating expenses	28,614,932		1,539,065		(458,687		)	29,695,310
Income before income taxes	$	5,540,804	$	286,448	$	(40,755	)	$	5,786,497
Total assets	$	156,308,663	$	43,890,892	$	—		$	200,199,555

Six Months Ended June 30, 2016	Title Insurance		All Other		Intersegment Eliminations			Total
Insurance and other services revenues	$	53,769,980	$	3,471,054	$	(1,004,319	)	$	56,236,715
Investment income	2,126,975		284,377		(93,336		)	2,318,016
Net realized gain on investments	74,123		60,879		—			135,002
Total revenues	$	55,971,078	$	3,816,310	$	(1,097,655	)	$	58,689,733
Operating expenses	47,279,715		3,253,988		(969,478		)	49,564,225
Income before income taxes	$	8,691,363	$	562,322	$	(128,177	)	$	9,125,508
Total assets	$	167,239,552	$	46,319,315	$	—		$	213,558,867

Six Months Ended June 30, 2015	Title Insurance		All Other		Intersegment Eliminations			Total
Insurance and other services revenues	$	58,241,430	$	3,119,516	$	(826,823	)	$	60,534,123
Investment income	2,061,018		295,176		(46,668		)	2,309,526
Net realized gain on investments	913,967		26,000		—			939,967
Total revenues	$	61,216,415	$	3,440,692	$	(873,491	)	$	63,783,616
Operating expenses	53,212,403		3,207,573		(791,981		)	55,627,995
Income before income taxes	$	8,004,012	$	233,119	$	(81,510	)	$	8,155,621
Total assets	$	156,308,663	$	43,890,892	$	—		$	200,199,555