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Segment Information | 9 Months Ended
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Sep. 30, 2013
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 September 30, 2013 and 2012:
Three Months Ended September 30, 2013 | Title Insurance |  | All Other |  | Intersegment Eliminations |  | Total
Insurance and other services revenues | $ | 31,343,108 |  |  | $ | 1,396,309 |  |  | $ | (386,454 | ) |  | $ | 32,352,963 |
Investment income | 919,819 |  |  | 93,854 |  |  | (23,335 | ) |  | 990,338 |
Net realized gain on investments | 250,600 |  |  | 11,338 |  |  | — |  |  | 261,938 |
Total revenues | $ | 32,513,527 |  |  | $ | 1,501,501 |  |  | $ | (409,789 | ) |  | $ | 33,605,239 |
Operating expenses | 24,212,255 |  |  | 1,485,494 |  |  | (369,033 | ) |  | 25,328,716 |
Income before income taxes | $ | 8,301,272 |  |  | $ | 16,007 |  |  | $ | (40,756 | ) |  | $ | 8,276,523 |
Total assets | $ | 151,795,001 |  |  | $ | 37,362,629 |  |  | $ | — |  |  | $ | 189,157,630 |
Three Months Ended September 30, 2012 | Title Insurance |  | All Other |  | Intersegment Eliminations |  | Total
Insurance and other services revenues | $ | 30,429,446 |  |  | $ | 1,356,733 |  |  | $ | (571,134 | ) |  | $ | 31,215,045 |
Investment income | 832,241 |  |  | 150,749 |  |  | (20,417 | ) |  | 962,573 |
Net realized gain on investments | 85,560 |  |  | 14,230 |  |  | — |  |  | 99,790 |
Total revenues | $ | 31,347,247 |  |  | $ | 1,521,712 |  |  | $ | (591,551 | ) |  | $ | 32,277,408 |
Operating expenses | 27,086,970 |  |  | 1,026,236 |  |  | (553,713 | ) |  | 27,559,493 |
Income before income taxes | $ | 4,260,277 |  |  | $ | 495,476 |  |  | $ | (37,838 | ) |  | $ | 4,717,915 |
Total assets | $ | 132,713,703 |  |  | $ | 37,296,333 |  |  | $ | — |  |  | $ | 170,010,036 |
Nine Months Ended September 30, 2013 | Title Insurance |  | All Other |  | Intersegment Eliminations |  | Total
Insurance and other services revenues | $ | 88,063,272 |  |  | $ | 4,004,766 |  |  | $ | (1,090,550 | ) |  | $ | 90,977,488 |
Investment income | 2,626,642 |  |  | 279,231 |  |  | (70,003 | ) |  | 2,835,870 |
Net realized gain (loss) on investments | 341,674 |  |  | (8,120 | ) |  | — |  |  | 333,554 |
Total revenues | $ | 91,031,588 |  |  | $ | 4,275,877 |  |  | $ | (1,160,553 | ) |  | $ | 94,146,912 |
Operating expenses | 71,657,966 |  |  | 4,629,241 |  |  | (1,038,286 | ) |  | 75,248,921 |
Income (loss) before income taxes | $ | 19,373,622 |  |  | $ | (353,364 | ) |  | $ | (122,267 | ) |  | $ | 18,897,991 |
Total assets | $ | 151,795,001 |  |  | $ | 37,362,629 |  |  | $ | — |  |  | $ | 189,157,630 |
Nine Months Ended September 30, 2012 | Title Insurance |  | All Other |  | Intersegment Eliminations |  | Total
Insurance and other services revenues | $ | 74,967,470 |  |  | $ | 3,635,577 |  |  | $ | (1,138,611 | ) |  | $ | 77,464,436 |
Investment income | 2,566,875 |  |  | 444,129 |  |  | (61,252 | ) |  | 2,949,752 |
Net realized gain on investments | 182,249 |  |  | 175,570 |  |  | — |  |  | 357,819 |
Total revenues | $ | 77,716,594 |  |  | $ | 4,255,276 |  |  | $ | (1,199,863 | ) |  | $ | 80,772,007 |
Operating expenses | 66,772,534 |  |  | 3,820,487 |  |  | (1,103,769 | ) |  | 69,489,252 |
Income before income taxes | $ | 10,944,060 |  |  | $ | 434,789 |  |  | $ | (96,094 | ) |  | $ | 11,282,755 |
Total assets | $ | 132,713,703 |  |  | $ | 37,296,333 |  |  | $ | — |  |  | $ | 170,010,036 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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