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Segment Information

12 Months Ended

Dec. 31, 2018

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, 2018, 2017 and 2016:

2018 (in thousands)	Title Insurance				All Other				Intersegment Eliminations				Total
Insurance and other services revenues	$	153,687			$	8,315			$	(9,229	)		$	152,773
Investment income	2,542				1,054				—				3,596
Net realized (loss) gain on investments	(167		)		57				—				(110		)
Total revenues	$	156,062			$	9,426			$	(9,229	)		$	156,259
Operating expenses	126,367				8,424				(5,601		)		129,190
Income before income taxes	$	29,695			$	1,002			$	(3,628	)		$	27,069
Total assets	$	199,531			$	44,737			$	—			$	244,268

2017 (in thousands)	Title Insurance				All Other				Intersegment Eliminations				Total
Insurance and other services revenues	$	153,469			$	7,307			$	(6,794	)		$	153,982
Investment income	5,834				770				—				6,604
Net realized gain on investments	932				109				—				1,041
Total revenues	$	160,235			$	8,186			$	(6,794	)		$	161,627
Operating expenses	129,073				7,913				(5,630		)		131,356
Income before income taxes	$	31,162			$	273			$	(1,164	)		$	30,271
Total assets	$	193,828			$	55,085			$	—			$	248,913

2016 (in thousands)	Title Insurance				All Other				Intersegment Eliminations				Total
Insurance and other services revenues	$	126,589			$	6,731			$	(2,178	)		$	131,142
Investment income	6,146				642				(210		)		6,578
Net realized gain on investments	645				123				—				768
Total revenues	$	133,380			$	7,496			$	(2,388	)		$	138,488
Operating expenses	105,882				6,583				(2,108		)		110,357
Income before income taxes	$	27,498			$	913			$	(280	)		$	28,131
Total assets	$	183,764			$	45,174			$	—			$	228,938

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- References

No definition available.

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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