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Segment Information
 6 Months Ended
Jun. 30, 2017
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, 2017 and 2016:
Three Months Ended June 30, 2017
Title
Insurance
 
All
Other
 
Intersegment
Eliminations
 
Total
Insurance and other services revenues
$
38,566,141

 
$
1,825,614

 
$
(1,456,863
)
 
$
38,934,892

Investment income
1,078,478

 
137,598

 
(102,087
)
 
1,113,989

Net realized gain on investments
80,851

 
1,990

 
—

 
82,841

Total revenues
$
39,725,470

 
$
1,965,202

 
$
(1,558,950
)
 
$
40,131,722

Operating expenses
31,182,518

 
2,042,623

 
(1,439,442
)
 
31,785,699

Income (loss) before income taxes
$
8,542,952

 
$
(77,421
)
 
$
(119,508
)
 
$
8,346,023

Total assets
$
191,182,393

 
$
46,771,778

 
$
—

 
$
237,954,171

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

Six Months Ended June 30, 2017
Title
Insurance
 
All
Other
 
Intersegment
Eliminations
 
Total
Insurance and other services revenues
$
74,477,553

 
$
3,509,177

 
$
(2,450,579
)
 
$
75,536,151

Investment income
2,100,819

 
270,183

 
(160,422
)
 
2,210,580

Net realized gain on investments
144,158

 
42,022

 
—

 
186,180

Total revenues
$
76,722,530

 
$
3,821,382

 
$
(2,611,001
)
 
$
77,932,911

Operating expenses
61,691,515

 
3,859,930

 
(2,415,737
)
 
63,135,708

Income (loss) before income taxes
$
15,031,015

 
$
(38,548
)
 
$
(195,264
)
 
$
14,797,203

Total assets
$
191,182,393

 
$
46,771,778

 
$
—

 
$
237,954,171

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