XML 61 R22.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Information
 12 Months Ended
Dec. 31, 2012
Segment Information [Abstract]  
Segment Information

13. Segment Information

 

Consistent with the requirements of reporting 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 residential, institutional, commercial and industrial properties.

Provided below is selected financial information about the Company's operations by segment for the two years ended December 31, 2012 and 2011:

 

 

Title

All

Intersegment

 

2012

Insurance

Other

Elimination

Total

Operating revenues
$
106,496,802 
$
4,931,574 
$
(1,395,934)
$
110,032,442 

Investment income
3,492,998 
571,999 
(84,586)
3,980,411 

Net realized gain on investments
430,495 
635,744 
0 
1,066,239 

    Total revenues
$
110,420,295 
$
6,139,317 
$
(1,480,520)
$
115,079,092 

Operating expenses
94,909,649 
5,433,207 
(1,343,671)
98,999,185 

   Income before taxes
$
15,510,646 
$
706,110 
$
(136,849)
$
16,079,907 

Assets
$
136,042,848 
$
35,875,428 
$
0 
$
171,918,276 

 

Title

All

Intersegment

 

2011

Insurance

Other

Elimination

Total

Operating revenues
$
83,420,562 
$
4,455,631 
$
(814,632)
$
87,061,561 

Investment income
3,174,148 
502,557 
(81,669)
3,595,036 

Net realized gain (loss) on investments
97,640 
(69,081)
0 
28,559 

    Total revenues
$
86,692,350 
$
4,889,107 
$
(896,301)
$
90,685,156 

Operating expenses
77,294,353 
4,706,499 
(814,632)
81,186,220 

   Income before taxes
$
9,397,997 
$
182,608 
$
(81,669)
$
9,498,936 

Assets
$
123,712,762 
$
34,245,701 

$                     0
$
157,958,463