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Segment Information
 9 Months Ended
Sep. 30, 2015
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, 2015 and 2014:
Three Months Ended September 30, 2015
Title
Insurance
 
All
Other
 
Intersegment
Eliminations
 
Total
Insurance and other services revenues
$
32,583,093

 
$
1,684,088

 
$
(504,821
)
 
$
33,762,360

Investment income
1,000,839

 
140,024

 
(23,334
)
 
1,117,529

Net realized loss on investments
(309,874
)
 
(28,757
)
 
—

 
(338,631
)
Total revenues
$
33,274,058

 
$
1,795,355

 
$
(528,155
)
 
$
34,541,258

Operating expenses
27,001,636

 
1,590,524

 
(487,400
)
 
28,104,760

Income before income taxes
$
6,272,422

 
$
204,831

 
$
(40,755
)
 
$
6,436,498

Total assets
$
160,754,846

 
$
41,790,756

 
$
—

 
$
202,545,602

Three Months Ended September 30, 2014
Title
Insurance
 
All
Other
 
Intersegment
Eliminations
 
Total
Insurance and other services revenues
$
27,381,759

 
$
1,517,927

 
$
(465,140
)
 
$
28,434,546

Investment income
956,894

 
131,435

 
(23,334
)
 
1,064,995

Net realized gain on investments
5,781

 
2,908

 
—

 
8,689

Total revenues
$
28,344,434

 
$
1,652,270

 
$
(488,474
)
 
$
29,508,230

Operating expenses
24,940,774

 
1,416,685

 
(447,719
)
 
25,909,740

Income before income taxes
$
3,403,660

 
$
235,585

 
$
(40,755
)
 
$
3,598,490

Total assets
$
152,813,417

 
$
42,681,883

 
$
—

 
$
195,495,300

Nine Months Ended September 30, 2015
Title
Insurance
 
All
Other
 
Intersegment
Eliminations
 
Total
Insurance and other services revenues
$
90,824,523


$
4,803,604


$
(1,331,644
)

$
94,296,483

Investment income
3,061,857


435,200


(70,002
)

3,427,055

Net realized gain (loss) on investments
604,093


(2,757
)

—


601,336

Total revenues
$
94,490,473


$
5,236,047


$
(1,401,646
)

$
98,324,874

Operating expenses
80,214,039


4,798,097


(1,279,381
)

83,732,755

Income before income taxes
$
14,276,434


$
437,950


$
(122,265
)

$
14,592,119

Total assets
$
160,754,846


$
41,790,756


$
—


$
202,545,602

Nine Months Ended September 30, 2014
Title
Insurance
 
All
Other
 
Intersegment
Eliminations
 
Total
Insurance and other services revenues
$
84,257,427

 
$
4,418,659

 
$
(1,215,983
)
 
$
87,460,103

Investment income
2,823,098

 
377,750

 
(70,002
)
 
3,130,846

Net realized gain on investments
536,309

 
56,599

 
—

 
592,908

Total revenues
$
87,616,834

 
$
4,853,008

 
$
(1,285,985
)
 
$
91,183,857

Operating expenses
78,256,239

 
4,457,289

 
(1,163,720
)
 
81,549,808

Income before income taxes
$
9,360,595

 
$
395,719

 
$
(122,265
)
 
$
9,634,049

Total assets
$
152,813,417

 
$
42,681,883

 
$
—

 
$
195,495,300