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Segment Information
 9 Months Ended
Sep. 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 September 30, 2016 and 2015:
Three Months Ended September 30, 2016
Title
Insurance
 
All
Other
 
Intersegment
Eliminations
 
Total
Insurance and other services revenues
$
38,285,551

 
$
1,666,214

 
$
(550,369
)
 
$
39,401,396

Investment income
1,079,118

 
140,201

 
(58,336
)
 
1,160,983

Net realized gain (loss) on investments
439,501

 
(175
)
 
—

 
439,326

Total revenues
$
39,804,170

 
$
1,806,240

 
$
(608,705
)
 
$
41,001,705

Operating expenses
28,487,268

 
1,669,217

 
(532,947
)
 
29,623,538

Income before income taxes
$
11,316,902

 
$
137,023

 
$
(75,758
)
 
$
11,378,167

Total assets
$
180,436,004

 
$
42,672,325

 
$
—

 
$
223,108,329

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

Nine Months Ended September 30, 2016
Title
Insurance
 
All
Other
 
Intersegment
Eliminations
 
Total
Insurance and other services revenues
$
92,055,531

 
$
5,137,268

 
$
(1,554,688
)
 
$
95,638,111

Investment income
3,206,093

 
424,578

 
(151,672
)
 
3,478,999

Net realized gain on investments
513,624

 
60,704

 
—

 
574,328

Total revenues
$
95,775,248

 
$
5,622,550

 
$
(1,706,360
)
 
$
99,691,438

Operating expenses
75,766,983

 
4,923,205

 
(1,502,425
)
 
79,187,763

Income before income taxes
$
20,008,265

 
$
699,345

 
$
(203,935
)
 
$
20,503,675

Total assets
$
180,436,004

 
$
42,672,325

 
$
—

 
$
223,108,329

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