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Segment Information | 12 Months Ended
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Dec. 31, 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 December 31, 2017, 2016 and 2015:
2017 | Title Insurance |  | All Other |  | Intersegment Eliminations |  | Total
Insurance and other services revenues | $ | 154,333,311 |  |  | $ | 7,530,496 |  |  | $ | (5,699,859 | ) |  | $ | 156,163,948 |
Investment income | 4,992,127 |  |  | 546,105 |  |  | (1,093,785 | ) |  | 4,444,447 |
Net realized gain on investments | 931,635 |  |  | 109,266 |  |  | — |  |  | 1,040,901 |
Total revenues | $ | 160,257,073 |  |  | $ | 8,185,867 |  |  | $ | (6,793,644 | ) |  | $ | 161,649,296 |
Operating expenses | 129,095,939 |  |  | 7,912,962 |  |  | (5,630,175 | ) |  | 131,378,726 |
Income before income taxes | $ | 31,161,134 |  |  | $ | 272,905 |  |  | $ | (1,163,469 | ) |  | $ | 30,270,570 |
Total assets | $ | 193,827,920 |  |  | $ | 55,084,939 |  |  | $ | — |  |  | $ | 248,912,859 |
2016 | Title Insurance |  | All Other |  | Intersegment Eliminations |  | Total
Insurance and other services revenues | $ | 128,408,746 |  |  | $ | 6,808,392 |  |  | $ | (2,177,649 | ) |  | $ | 133,039,489 |
Investment income | 4,329,605 |  |  | 564,891 |  |  | (210,007 | ) |  | 4,684,489 |
Net realized gain on investments | 644,850 |  |  | 123,586 |  |  | — |  |  | 768,436 |
Total revenues | $ | 133,383,201 |  |  | $ | 7,496,869 |  |  | $ | (2,387,656 | ) |  | $ | 138,492,414 |
Operating expenses | 105,885,770 |  |  | 6,583,157 |  |  | (2,107,965 | ) |  | 110,360,962 |
Income before income taxes | $ | 27,497,431 |  |  | $ | 913,712 |  |  | $ | (279,691 | ) |  | $ | 28,131,452 |
Total assets | $ | 183,763,655 |  |  | $ | 45,174,467 |  |  | $ | — |  |  | $ | 228,938,122 |
2015 | Title Insurance |  | All Other |  | Intersegment Eliminations |  | Total
Insurance and other services revenues | $ | 118,144,981 |  |  | $ | 6,479,484 |  |  | $ | (1,839,549 | ) |  | $ | 122,784,916 |
Investment income | 4,073,857 |  |  | 574,132 |  |  | (116,670 | ) |  | 4,531,319 |
Net realized loss on investments | (13,603 | ) |  | (102,560 | ) |  | — |  |  | (116,163 | )
Total revenues | $ | 122,205,235 |  |  | $ | 6,951,056 |  |  | $ | (1,956,219 | ) |  | $ | 127,200,072 |
Operating expenses | 104,594,829 |  |  | 6,598,055 |  |  | (1,769,865 | ) |  | 109,423,019 |
Income before income taxes | $ | 17,610,406 |  |  | $ | 353,001 |  |  | $ | (186,354 | ) |  | $ | 17,777,053 |
Total assets | $ | 163,582,898 |  |  | $ | 47,939,131 |  |  | $ | — |  |  | $ | 211,522,029 |

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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 Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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