XML 30 R13.htm IDEA: XBRL DOCUMENT v3.20.1
Segment Information
3 Months Ended
Mar. 31, 2020
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 March 31, 2020 and 2019:
Three Months Ended March 31, 2020 (in thousands)
Title
Insurance
 
All
Other
 
Intersegment
Eliminations
 
Total
Insurance and other services revenues
$
41,853

 
$
2,805

 
$
(1,504
)
 
$
43,154

Investment loss
(11,460
)
 
(1,381
)
 

 
(12,841
)
Net realized gain (loss) on investments
63

 
(475
)
 

 
(412
)
Total revenues
$
30,456

 
$
949

 
$
(1,504
)
 
$
29,901

Operating expenses
37,443

 
2,345

 
(1,358
)
 
38,430

Loss before income taxes
$
(6,987
)
 
$
(1,396
)
 
$
(146
)
 
$
(8,529
)
Total assets
$
187,236

 
$
66,882

 
$

 
$
254,118

Three Months Ended March 31, 2019 (in thousands)
Title
Insurance
 
All
Other
 
Intersegment
Eliminations
 
Total
Insurance and other services revenues
$
31,319

 
$
2,691

 
$
(1,190
)
 
$
32,820

Investment income
5,430

 
906

 

 
6,336

Net realized gain on investments
764

 
26

 

 
790

Total revenues
$
37,513

 
$
3,623

 
$
(1,190
)

$
39,946

Operating expenses
30,452

 
2,237

 
(1,056
)
 
31,633

Income before income taxes
$
7,061

 
$
1,386

 
$
(134
)
 
$
8,313

Total assets
$
200,187

 
$
52,803

 
$

 
$
252,990