Investors Title (ITIC) 10-Q 7 Nov 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 17, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,016
Entity Registrant Name	INVESTORS TITLE CO
Entity Central Index Key	720,858
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		1,884,283

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Investments in securities:
Fixed maturities, available-for-sale, at fair value (amortized cost: 2016: $105,240,488; 2015: $102,015,826)	$ 111,038,924	$ 106,066,384
Equity securities, available-for-sale, at fair value (cost: 2016: $24,958,456; 2015: $23,855,873)	39,834,879	37,513,464
Short-term investments	3,925,296	6,865,406
Other investments	10,626,505	10,106,828
Total investments	165,425,604	160,552,082
Cash and cash equivalents	26,898,991	21,790,068
Premium and fees receivable	9,358,570	8,392,697
Accrued interest and dividends	1,389,526	1,004,126
Prepaid expenses and other assets	10,931,270	12,634,105
Property, net	7,843,079	7,148,951
Current income taxes recoverable	1,261,289	0
Total Assets	223,108,329	211,522,029
Liabilities:
Reserves for claims	35,536,000	37,788,000
Accounts payable and accrued liabilities	24,705,653	25,043,588
Current income taxes payable	0	210,355
Deferred income taxes, net	10,749,877	5,703,006
Total liabilities	70,991,530	68,744,949
Commitments and Contingencies	0	0
Stockholders' Equity:
Preferred stock (1,000,000 authorized shares; no shares issued)	0	0
Common stock – no par value (10,000,000 authorized shares; 1,884,283 and 1,949,797 shares issued and outstanding 2016 and 2015, respectively, excluding 291,676 shares for 2016 and 2015 of common stock held by the Company's subsidiary)	1	1
Retained earnings	138,575,372	131,186,866
Accumulated other comprehensive income	13,449,558	11,483,015
Total stockholders’ equity attributable to the Company	152,024,931	142,669,882
Noncontrolling interests	91,868	107,198
Total stockholders' equity	152,116,799	142,777,080
Total Liabilities and Stockholders’ Equity	$ 223,108,329	$ 211,522,029

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Fixed maturities, available-for-sale, amortized cost	$ 105,240,488	$ 102,015,826
Equity securities, available-for-sale, cost	$ 24,958,456	$ 23,855,873
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Common stock, no par value
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	1,884,283	1,949,797
Common stock, shares outstanding	1,884,283	1,949,797
Common stock, held by Company's subsidiary	291,676	291,676

Consolidated Statements Of Inco

Consolidated Statements Of Income - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues:
Net premiums written	$ 36,511,373	$ 30,945,532	$ 87,810,602	$ 86,372,154
Investment income – interest and dividends	1,160,983	1,117,529	3,478,999	3,427,055
Net realized gain (loss) on investments	439,326	(338,631)	574,328	601,336
Other	2,890,023	2,816,828	7,827,509	7,924,329
Total Revenues	41,001,705	34,541,258	99,691,438	98,324,874
Operating Expenses:
Commissions to agents	18,739,151	16,898,323	45,946,379	48,393,553
(Benefit) provision for claims	(1,067,853)	703,979	(403,982)	3,621,401
Salaries, employee benefits and payroll taxes	8,300,823	6,957,874	22,945,972	21,101,955
Office occupancy and operations	1,496,948	1,342,288	4,526,710	4,089,806
Business development	608,532	568,189	1,695,180	1,633,358
Filing fees, franchise and local taxes	191,574	134,880	688,731	572,621
Premium and retaliatory taxes	673,551	573,336	1,559,631	1,684,674
Professional and contract labor fees	523,504	661,879	1,599,603	1,926,469
Other	157,308	264,012	629,539	708,918
Total Operating Expenses	29,623,538	28,104,760	79,187,763	83,732,755
Income before Income Taxes	11,378,167	6,436,498	20,503,675	14,592,119
Provision for Income Taxes	3,249,000	1,941,000	6,040,000	4,250,000
Net Income	8,129,167	4,495,498	14,463,675	10,342,119
Net (Gain) Loss Attributable to Noncontrolling Interests	(2,228)	(4,536)	6,684	(4,536)
Net Income Attributable to the Company	$ 8,126,939	$ 4,490,962	$ 14,470,359	$ 10,337,583
Basic Earnings per Common Share	$ 4.30	$ 2.28	$ 7.55	$ 5.18
Weighted Average Shares Outstanding – Basic	1,888,870	1,967,923	1,915,468	1,995,120
Diluted Earnings per Common Share	$ 4.29	$ 2.28	$ 7.53	$ 5.17
Weighted Average Shares Outstanding – Diluted	1,895,592	1,972,233	1,921,999	2,000,043
Cash Dividends Paid per Common Share	$ 0.20	$ 0.08	$ 0.52	$ 0.24

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 8,129,167	$ 4,495,498	$ 14,463,675	$ 10,342,119
Other comprehensive income, before tax:
Amortization related to prior year service cost	0	1,098	0	3,293
Amortization of unrecognized loss	2,235	878	6,705	2,635
Unrealized (losses) gains on investments arising during the period	(769,328)	(2,359,495)	3,518,286	(4,223,992)
Reclassification adjustment for sales of securities included in net income	(545,925)	(458,058)	(785,517)	(1,390,070)
Reclassification adjustment for write-downs of securities included in net income	118,703	657,755	233,941	668,904
Other comprehensive (loss) income, before tax	(1,194,315)	(2,157,822)	2,973,415	(4,939,230)
Income tax expense related to postretirement health benefits	759	672	2,279	2,016
Income tax (benefit) expense related to unrealized (losses) gains on investments arising during the period	(280,327)	(809,994)	1,193,241	(1,446,083)
Income tax benefit related to reclassification adjustment for sales of securities included in net income	(185,316)	(156,447)	(268,548)	(474,198)
Income tax expense related to reclassification adjustment for write-downs of securities included in net income	40,555	225,293	79,900	229,093
Net income tax (benefit) expense on other comprehensive (loss) income	(424,329)	(740,476)	1,006,872	(1,689,172)
Other comprehensive (loss) income	(769,986)	(1,417,346)	1,966,543	(3,250,058)
Comprehensive Income	7,359,181	3,078,152	16,430,218	7,092,061
Comprehensive (income) loss attributable to noncontrolling interests	(2,228)	(4,536)	6,684	(4,536)
Comprehensive Income Attributable to the Company	$ 7,356,953	$ 3,073,616	$ 16,436,902	$ 7,087,525

Consolidated Statements Of Stoc

Consolidated Statements Of Stockholders' Equity - USD ($)	Total	Common Stock	Retained Earnings	Accumulated Other Comprehensive Income	Noncontrolling Interest [Member]
Balance, beginning of year at Dec. 31, 2014	$ 137,563,706	$ 1	$ 124,707,196	$ 12,856,509	$ 0
Balance, beginning of year, shares at Dec. 31, 2014		2,023,270
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to the Company	10,337,583		10,337,583
Dividends	(477,392)		(477,392)
Shares of common stock repurchased and retired (in shares)		(72,044)
Shares of common stock repurchased and retired	(5,166,846)		(5,166,846)
Stock options and stock appreciation rights exercised (in shares)		2,192
Stock options and stock appreciation rights exercised	54,988		54,988
Share-based compensation expense	102,707		102,707
Amortization related to postretirement health benefits	3,912			3,912
Net unrealized gain (loss) on investments	(3,253,970)			(3,253,970)
Noncontrolling Interest, Increase from Business Combination	127,050				127,050
Net gain (loss) attributable to noncontrolling interests	4,536				4,536
Income tax benefit from share-based compensation	26,875		26,875
Balance, end of year at Sep. 30, 2015	139,323,149	$ 1	129,585,111	9,606,451	131,586
Balance, end of year, shares at Sep. 30, 2015		1,953,418
Balance, beginning of year at Dec. 31, 2015	142,777,080	$ 1	131,186,866	11,483,015	107,198
Balance, beginning of year, shares at Dec. 31, 2015		1,949,797
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to the Company	14,470,359		14,470,359
Dividends	(993,534)		(993,534)
Shares of common stock repurchased and retired (in shares)		(66,803)
Shares of common stock repurchased and retired	(6,219,670)		(6,219,670)
Stock options and stock appreciation rights exercised (in shares)		1,289
Stock options and stock appreciation rights exercised	(200)		(200)
Share-based compensation expense	99,755		99,755
Amortization related to postretirement health benefits	4,426			4,426
Net unrealized gain (loss) on investments	1,962,117			1,962,117
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	(8,646)				(8,646)
Adjustments to Additional Paid in Capital, Other	(496)		(496)
Net gain (loss) attributable to noncontrolling interests	(6,684)				(6,684)
Income tax benefit from share-based compensation	32,292		32,292
Balance, end of year at Sep. 30, 2016	$ 152,116,799	$ 1	$ 138,575,372	$ 13,449,558	$ 91,868
Balance, end of year, shares at Sep. 30, 2016		1,884,283

Consolidated Statements Of Sto7

Consolidated Statements Of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Stockholders' Equity [Abstract]
Common Stock, Dividends, Per Share, Cash Paid	$ 0.20	$ 0.08	$ 0.52	$ 0.24

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Operating Activities
Net income	$ 14,463,675	$ 10,342,119
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	994,619	654,838
Amortization, net	624,882	542,841
Amortization related to postretirement benefits obligation	6,705	5,928
Share-based compensation expense related to stock options	99,755	102,707
Net gain on disposals of property	(10,677)	(30,374)
Net realized gain on investments	(574,328)	(601,336)
Net earnings from other investments	(1,120,640)	(1,774,927)
(Benefit) provision for claims	(403,982)	3,621,401
Provision for deferred income taxes	4,040,000	1,909,000
Changes in assets and liabilities:
Increase in receivables	(965,873)	(457,484)
Decrease (increase) in other assets	1,265,172	(1,110,322)
Increase in current income taxes recoverable	(1,261,289)	0
(Decrease) increase in accounts payable and accrued liabilities	(337,935)	1,150,634
(Decrease) increase in current income taxes payable	(210,355)	156,487
Payments of claims, net of recoveries	(1,848,018)	(2,401,401)
Net cash provided by operating activities	14,761,711	12,110,111
Investing Activities
Purchases of available-for-sale securities	(15,066,182)	(5,794,149)
Purchases of short-term investments	(1,890,826)	(11,642,357)
Purchases of other investments	(1,974,275)	(3,164,415)
Payments to Acquire Additional Interest in Subsidiaries	(9,142)	0
Proceeds from sales and maturities of available-for-sale securities	10,711,195	16,212,924
Proceeds from sales and maturities of short-term investments	4,830,935	335,084
Proceeds from sales and distributions of other investments	2,594,042	3,167,494
Payments to Acquire Businesses, Gross	0	(72,600)
Proceeds from sales of other assets	10,647	113,238
Purchases of property	(1,742,225)	(2,313,052)
Proceeds from the sale of property	64,155	74,395
Net cash used in investing activities	(2,471,676)	(3,083,438)
Financing Activities
Repurchases of common stock	(6,219,670)	(5,166,846)
Exercises of stock options and SARs	(200)	54,988
Excess tax benefits related to exercise of stock options and SARs	32,292	26,875
Dividends paid	(993,534)	(477,392)
Net cash used in financing activities	(7,181,112)	(5,562,375)
Net Increase in Cash and Cash Equivalents	5,108,923	3,464,298
Cash and Cash Equivalents, Beginning of Period	21,790,068	15,826,515
Cash and Cash Equivalents, End of Period	26,898,991	19,290,813
Cash Paid During the Year for:
Income tax payments, net	3,736,100	2,727,700
Non cash net unrealized (gain) loss on investments, net of deferred tax (provision) benefit of $(1,004,593) and $1,691,188 for 2016 and 2015, respectively	$ (1,962,117)	$ 3,253,970

Consolidated Statements Of Cas9

Consolidated Statements Of Cash Flows (Parenthetical) - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Statement of Cash Flows [Abstract]
Non cash net unrealized (gain) loss on investments, deferred tax (provision) benefit	$ (1,004,593)	$ 1,691,188

Basis Of Presentation And Signi

Basis Of Presentation And Significant Accounting Policies	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis Of Presentation And Significant Accounting Policies	Basis of Presentation and Significant Accounting Policies Reference should be made to the “Notes to Consolidated Financial Statements” appearing in the Annual Report on Form 10-K for the year ended December 31, 2015 of Investors Title Company (the “Company”) for a complete description of the Company’s significant accounting policies. Principles of Consolidation – The accompanying unaudited Consolidated Financial Statements include the accounts and operations of Investors Title Company and its subsidiaries, and have been prepared in accordance with generally accepted accounting principles for interim financial information, with the instructions to Form 10-Q and with Article 10 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in annual financial statements have been condensed or omitted. Earnings attributable to noncontrolling interests in majority-owned title insurance agencies are recorded in the Consolidated Statements of Income. Noncontrolling interests representing the portion of equity not related to the Company's ownership interests are recorded in separate sections of the Consolidated Balance Sheets. All intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, all adjustments considered necessary for a fair presentation of the financial position, results of operations and cash flows of the Company in the accompanying unaudited Consolidated Financial Statements have been included. All such adjustments are of a normal recurring nature. Operating results for the quarter ended September 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016 . Allowance for Doubtful Accounts – Company management continually evaluates the collectability of receivables and provides an allowance for doubtful accounts equal to estimated losses expected to be incurred in the collection of premiums and fees receivable. Use of Estimates and Assumptions – The preparation of the Company’s Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and assumptions used. Subsequent Events – On October 12, 2016, National Investors Holdings, LLC ("NIH"), a subsidiary of the Company, entered into a stock purchase agreement (the "Purchase Agreement") to acquire all of the outstanding shares of University Title Company (“University”). University is a title insurance agency doing business in the State of Texas. On October 31, 2016, NIH closed the transaction, paying $10 million plus a $918,000 adjustment for University’s net cash position at closing to the shareholders of University. The transaction is being financed with a $6 million principal amount loan from a bank and cash on hand. The loan bears interest at the London Interbank Offered Rate (“LIBOR”) plus 1.752% , matures on December 27, 2016 and is secured by assets of the Company pursuant to a Commercial Security Agreement. Recently Issued Accounting Standards – In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ("ASU") 2016-13, Financial Instruments - Credit Losses (Topic 326) . ASU 2016-13 is intended to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. The update broadens the information that an entity must consider in developing its expected credit loss estimates, and is meant to better reflect an entity’s current estimate of all expected credit losses. In addition, this update amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The update is effective for annual periods beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted as of fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the impact that the recently issued accounting standard will have on the Company's financial position and results of operations, but does not expect it to have a material impact. In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718) . ASU 2016-09 updated guidance to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. The update is effective for annual periods beginning after December 15, 2016, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact that the recently issued accounting standard will have on the Company's financial position and results of operations, but does not expect it to have a material impact. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) . ASU 2016-02 updated guidance to improve financial reporting for leasing transactions. The core principle of the guidance is that lessees will be required to recognize assets and liabilities on the balance sheet for all leases with terms of more than twelve months. A lessee would recognize a liability to make lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term. The accounting applied by a lessor is largely unchanged from current GAAP, with some targeted improvements. Disclosures will be required by lessees and lessors to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. In transition, both lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The update is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption was permitted for all entities upon issuance. The Company is currently evaluating whether or not the recently issued accounting standard will have a material impact on the Company's financial position or results of operations. In January 2016, the FASB issued ASU 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities . ASU 2016-01 updated guidance to enhance the reporting model for financial instruments. Among the main principles of the guidance applicable to the Company are provisions to: require equity investments, except those accounted for under the equity method of accounting or those that result in consolidation of the investee, to be measured at fair value with changes in fair value recognized in net income; simplify the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment, noting that when a qualitative assessment indicates that impairment exists that an entity is required to measure the investment at fair value; eliminate the requirement to disclose methods and significant assumptions used to estimate the fair value for financial instruments measured at amortized cost; require entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; require separate presentation of financial assets and financial liabilities by measuring category and form of financial asset on the balance sheet or accompanying notes to the financial statements; and clarify that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. The update is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted for the provision requiring entities to recognize the fair value change from instrument-specific credit risk in other comprehensive income for financial liabilities measured using the fair value option in Accounting Standards Codification ("ASC") 825, and can be early adopted for financial statements of annual or interim periods that have not yet been issued or made available for issuance. The Company will be required to apply the update by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption, with the amendments related to equity securities without readily determinable fair values being applied prospectively to equity investments that exist as of the date of adoption. The guidance is expected to have a material impact on the Company’s financial condition and results of operations once effective, primarily resulting from fluctuations in security exchanges or markets. In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis . ASU 2015-02 updated guidance to change the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. All legal entities are subject to reevaluation under the revised consolidation model. Specifically, the amendments: modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities ("VIEs") or voting interest entities; eliminate the presumption that a general partner should consolidate a limited partnership; affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; and provide a scope exception from consolidation guidance for reporting entities that are required to comply with or operate in accordance with certain requirements similar to those for registered money market funds. For public entities, this update was effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. The Company adopted this update on January 1, 2016 with no impact to the Company's financial position or results of operations. Certain investments previously considered voting interest entities are considered VIEs under this update. However, since the Company is not considered the primary beneficiary, none of the investments are consolidated. Refer to Note 6 for additional disclosure. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) . ASU 2014-09 updated guidance to improve the comparability of revenue recognition practices for entities that either enter into contracts with customers to transfer goods or services or enter into contracts for the transfer of nonfinancial assets, unless those contracts are within the scope of other standards such as insurance contracts or lease standards. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. For public entities, this update originally became effective for interim and annual reporting periods beginning after December 15, 2016. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date . ASU 2015-14 updated guidance to defer the effective date of the standard by one year. Early adoption is not permitted, although public entities are permitted to elect to adopt the amendments on the original effective date. The Company is currently evaluating the impact that the recently issued accounting standard will have on the Company's financial position and results of operations, but does not expect it to have a material impact.

Reserves For Claims

Reserves For Claims	9 Months Ended
	Sep. 30, 2016
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]
Reserves For Claims	Reserves for Claims Transactions in the reserves for claims for the nine-month period ended September 30, 2016 and the year ended December 31, 2015 are summarized as follows: September 30, 2016 December 31, 2015 Balance, beginning of period $ 37,788,000 $ 36,677,000 (Benefit) provision, charged to operations (403,982 ) 4,478,494 Payments of claims, net of recoveries (1,848,018 ) (3,367,494 ) Ending balance $ 35,536,000 $ 37,788,000 The total reserve for all reported and unreported losses the Company incurred through September 30, 2016 is represented by the reserves for claims. The Company's reserves for unpaid losses and loss adjustment expenses are established using estimated amounts required to settle claims for which notice has been received (reported) and the amount estimated to be required to satisfy claims that have been incurred but not yet reported (“IBNR”). Despite the variability of such estimates, management believes that the reserves are adequate to cover claim losses which might result from pending and future claims under title insurance policies issued through September 30, 2016 . Management continually reviews and adjusts its reserve estimates to reflect its loss experience and any new information that becomes available. Adjustments resulting from such reviews may be significant. A summary of the Company’s loss reserves, broken down into its components of known title claims and IBNR, follows: September 30, 2016 % December 31, 2015 % Known title claims $ 4,694,784 13.2 $ 5,066,469 13.4 IBNR 30,841,216 86.8 32,721,531 86.6 Total loss reserves $ 35,536,000 100.0 $ 37,788,000 100.0 Claims and losses paid are charged to the reserves for claims. Although claims losses are typically paid in cash, occasionally claims are settled by purchasing the interest of the insured or the claimant in the real property. When this event occurs, the Company carries assets at the lower of cost or estimated realizable value, net of any indebtedness on the property.

Earnings Per Common Share And S

Earnings Per Common Share And Share Awards	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Common Share And Share Awards	Earnings Per Common Share and Share Awards Basic earnings per common share is computed by dividing net income attributable to the Company by the weighted average number of common shares outstanding during the reporting period. Diluted earnings per common share is computed by dividing net income attributable to the Company by the combination of dilutive potential common stock, comprised of shares issuable under the Company’s share-based compensation plans and the weighted average number of common shares outstanding during the reporting period. Dilutive common share equivalents include the dilutive effect of in-the-money share-based awards, which are calculated based on the average share price for each period using the treasury stock method. Under the treasury stock method, when share-based awards are exercised, (a) the exercise price of a share-based award; (b) the amount of compensation cost, if any, for future services that the Company has not yet recognized; and (c) the amount of estimated tax benefits that would be recorded in retained earnings, if any, are assumed to be used to repurchase shares in the current period. The following table sets forth the computation of basic and diluted earnings per share for the three- and nine-month periods ended September 30 : Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Net income attributable to the Company $ 8,126,939 $ 4,490,962 $ 14,470,359 $ 10,337,583 Weighted average common shares outstanding – Basic 1,888,870 1,967,923 1,915,468 1,995,120 Incremental shares outstanding assuming the exercise of dilutive stock options and SARs (share-settled) 6,722 4,310 6,531 4,923 Weighted average common shares outstanding – Diluted 1,895,592 1,972,233 1,921,999 2,000,043 Basic earnings per common share $ 4.30 $ 2.28 $ 7.55 $ 5.18 Diluted earnings per common share $ 4.29 $ 2.28 $ 7.53 $ 5.17 There were 7,500 and 4,500 potential shares excluded from the computation of diluted earnings per share for the three-month and nine-month periods ended September 30, 2015 , respectively. There were no potential shares excluded from the computation of diluted earnings per share for the three-month and nine-month periods ended September 30, 2016 . Potential shares that were excluded from the computations had exercise prices that were greater than the stock price and were therefore considered antidilutive. The Company has adopted employee stock award plans under which restricted stock, and options or stock appreciation rights ("SARs") of the Company's stock may be granted to key employees or directors of the Company at a price not less than the market value on the date of grant. There is currently one active plan from which the Company may grant share-based awards. The awards eligible to be granted under the active plan are limited to SARs, and the maximum aggregate number of shares of common stock of the Company available pursuant to the plan for the grant of SARs is 250,000 shares. As of September 30, 2016 , the only outstanding awards under the plans were SARs expiring in five to seven years from the date of grant, all of which vest and are exercisable within one year of the date of grant. All SARs issued to date have been share-settled only. A summary of share-based award transactions for all share-based award plans follows: Number Of Shares Weighted Average Exercise Price Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding as of January 1, 2015 21,000 $ 51.30 3.64 $ 453,510 SARs granted 4,500 73.00 SARs exercised (2,000 ) 47.88 Options exercised (1,500 ) 36.79 Outstanding as of December 31, 2015 22,000 $ 57.04 3.93 $ 945,055 SARs granted 4,500 93.87 SARs exercised (2,000 ) 32.00 Outstanding as of September 30, 2016 24,500 $ 65.85 4.10 $ 824,390 Exercisable as of September 30, 2016 22,250 $ 63.02 3.85 $ 811,723 Unvested as of September 30, 2016 2,250 $ 93.87 6.63 $ 12,667 During the second quarters of both 2016 and 2015 , the Company issued a total of 4,500 share-settled SARs to the directors of the Company. SARs give the holder the right to receive stock equal to the appreciation in the value of shares of stock from the grant date for a specified period of time, and as a result, are accounted for as equity instruments. The fair value of each award is estimated on the date of grant using the Black-Scholes option valuation model with the weighted average assumptions noted in the table shown below. Expected volatilities are based on both the implied and historical volatility of the Company's stock. The Company uses historical data to project SAR exercises and pre-exercise forfeitures within the valuation model. The expected term of awards represents the period of time that SARs granted are expected to be outstanding. The interest rate assumed for the expected life of the award is based on the U.S. Treasury yield curve at the time of the grant. The weighted average fair values for the SARs issued during 2016 and 2015 were $28.75 and $31.16 , respectively. The weighted average fair values for SARs issued during 2016 and 2015 were estimated using the weighted average assumptions shown in the table below: 2016 2015 Expected life in years 7.0 7.0 Volatility 28.9 % 40.7 % Interest rate 1.7 % 2.0 % Yield rate 0.7 % 0.4 % There was approximately $100,000 and $103,000 of compensation expense relating to SARs or options vesting on or before September 30, 2016 and 2015 , respectively, included in salaries, employee benefits and payroll taxes in the Consolidated Statements of Income. As of September 30, 2016 , there was $65,000 of unrecognized compensation cost related to unvested share-based compensation arrangements granted under the Company’s stock award plans. There have been no stock options or SARs granted where the exercise price was less than the market price on the date of grant.

Segment Information

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 All Intersegment 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

Retirement Agreements And Other

Retirement Agreements And Other Postretirement Benefits	9 Months Ended
	Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Retirement Agreements And Other Postretirement Benefits	Retirement Agreements and Other Postretirement Benefits The Company’s subsidiary, Investors Title Insurance Company ("ITIC"), is a party to employment agreements with key executives that provide for the continuation of certain employee benefits and other payments due under the agreements upon retirement, estimated to total $8,463,000 and $7,818,000 as of September 30, 2016 and December 31, 2015 , respectively. The executive employee benefits include health insurance, dental, vision and life insurance and are unfunded. These amounts are classified as accounts payable and accrued liabilities in the Consolidated Balance Sheets. The following sets forth the net periodic benefits cost for the executive benefits for the periods ended September 30, 2016 and 2015 : Three Months Ended September 30, Nine Months Ended 2016 2015 2016 2015 Service cost – benefits earned during the year $ 2,545 $ 4,187 $ 7,635 $ 12,561 Interest cost on the projected benefit obligation 8,781 7,693 26,343 23,079 Amortization of unrecognized prior service cost — 1,098 — 3,293 Amortization of unrecognized losses 2,235 878 6,705 2,635 Net periodic benefits costs $ 13,561 $ 13,856 $ 40,683 $ 41,568

Investments In Securities

Investments In Securities	9 Months Ended
	Sep. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Investments In Securities and Fair Value [Text Block]	Investments and Estimated Fair Value Investments in Securities The aggregate estimated fair value, gross unrealized holding gains, gross unrealized holding losses and cost or amortized cost for securities by major security type are as follows: As of September 30, 2016 Amortized Cost Gross Gains Gross Unrealized Losses Estimated Fair Value Fixed maturities, available-for-sale, at fair value: General obligations of U.S. states, territories and political subdivisions $ 31,751,299 $ 1,114,177 $ 2,072 $ 32,863,404 Special revenue issuer obligations of U.S. states, territories and political subdivisions 56,651,943 3,751,576 15,241 60,388,278 Corporate debt securities 16,837,246 950,115 119 17,787,242 Total $ 105,240,488 $ 5,815,868 $ 17,432 $ 111,038,924 Equity securities, available-for-sale, at fair value: Common stocks $ 24,958,456 $ 14,974,237 $ 97,814 $ 39,834,879 Total $ 24,958,456 $ 14,974,237 $ 97,814 $ 39,834,879 Short-term investments: Money market funds and certificates of deposit $ 3,925,296 $ — $ — $ 3,925,296 Total $ 3,925,296 $ — $ — $ 3,925,296 As of December 31, 2015 Amortized Cost Gross Gains Gross Unrealized Losses Estimated Fair Value Fixed maturities, available-for-sale, at fair value: General obligations of U.S. states, territories and political subdivisions $ 31,883,439 $ 987,595 $ 11,734 $ 32,859,300 Special revenue issuer obligations of U.S. states, territories and political subdivisions 52,202,815 2,604,152 26,127 54,780,840 Corporate debt securities 17,004,985 539,832 58,473 17,486,344 Auction rate securities 924,587 15,313 — 939,900 Total $ 102,015,826 $ 4,146,892 $ 96,334 $ 106,066,384 Equity securities, available-for-sale, at fair value: Common stocks and nonredeemable preferred stocks $ 23,855,873 $ 13,785,968 $ 128,377 $ 37,513,464 Total $ 23,855,873 $ 13,785,968 $ 128,377 $ 37,513,464 Short-term investments: Money market funds and certificates of deposit $ 6,865,406 $ — $ — $ 6,865,406 Total $ 6,865,406 $ — $ — $ 6,865,406 The special revenue category for both periods presented includes approximately 60 individual bonds with revenue sources from a variety of municipal sectors. The scheduled maturities of fixed maturity securities at September 30, 2016 were as follows: Available-for-Sale Amortized Cost Fair Value Due in one year or less $ 20,245,762 $ 20,383,264 Due after one year through five years 34,757,122 36,493,362 Due five years through ten years 48,247,411 51,501,388 Due after ten years 1,990,193 2,660,910 Total $ 105,240,488 $ 111,038,924 Realized gains and losses on investments for the nine-month periods ended September 30 are summarized as follows: 2016 2015 Gross realized gains from securities: Special revenue issuer obligations of U.S. states, territories and political subdivisions $ 161 $ — Corporate debt securities 20 5,417 Common stocks and nonredeemable preferred stocks 880,647 1,436,386 Auction rate securities 74,996 — Total $ 955,824 $ 1,441,803 Gross realized losses from securities: General obligations of U.S. states, territories and political subdivisions $ (533 ) $ (12,319 ) Special revenue issuer obligations of U.S. states, territories and political subdivisions (1,085 ) (397 ) Common stocks and nonredeemable preferred stocks (168,688 ) (39,017 ) Other-than-temporary impairment of securities (233,941 ) (668,904 ) Total $ (404,247 ) $ (720,637 ) Net realized gain from securities $ 551,577 $ 721,166 Net realized gain (loss) on other investments: Impairments of other investments $ — $ (233,069 ) Gains on other investments 22,751 113,239 Total $ 22,751 $ (119,830 ) Net realized gain on investments $ 574,328 $ 601,336 Realized gains and losses are determined on the specific identification method. The following table presents the gross unrealized losses on investment securities and the fair value of the securities, aggregated by investment category and length of time that individual securities have been in a continuous loss position at September 30, 2016 and December 31, 2015 : Less than 12 Months 12 Months or Longer Total As of September 30, 2016 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses General obligations of U.S. states, territories and political subdivisions $ 3,594,415 $ (2,072 ) $ — $ — $ 3,594,415 $ (2,072 ) Special revenue issuer obligations of U.S. states, territories and political subdivisions 1,737,905 (15,241 ) — — 1,737,905 (15,241 ) Corporate debt securities 999,820 (119 ) — — 999,820 (119 ) Total fixed income securities $ 6,332,140 $ (17,432 ) $ — $ — $ 6,332,140 $ (17,432 ) Equity securities $ 806,984 $ (97,814 ) $ — $ — $ 806,984 $ (97,814 ) Total temporarily impaired securities $ 7,139,124 $ (115,246 ) $ — $ — $ 7,139,124 $ (115,246 ) Less than 12 Months 12 Months or Longer Total As of December 31, 2015 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses General obligations of U.S. states, territories and political subdivisions $ 1,758,345 $ (11,734 ) $ — $ — $ 1,758,345 $ (11,734 ) Special revenue issuer obligations of U.S. states, territories and political subdivisions 1,672,217 (5,138 ) 1,183,963 (20,989 ) 2,856,180 (26,127 ) Corporate debt securities 6,981,275 (58,473 ) — — 6,981,275 (58,473 ) Total fixed income securities $ 10,411,837 $ (75,345 ) $ 1,183,963 $ (20,989 ) $ 11,595,800 $ (96,334 ) Equity securities $ 5,533,667 $ (128,377 ) $ — $ — $ 5,533,667 $ (128,377 ) Total temporarily impaired securities $ 15,945,504 $ (203,722 ) $ 1,183,963 $ (20,989 ) $ 17,129,467 $ (224,711 ) The decline in fair value of the fixed maturity securities can be attributed primarily to changes in market interest rates and changes in credit spreads over Treasury securities. Because the Company does not have the intent to sell these securities and will likely not be compelled to sell them before it can recover its cost basis, the Company does not consider these investments to be other-than-temporarily impaired. The unrealized losses related to holdings of equity securities were caused by market changes that the Company considers to be temporary. Since the Company has the intent and ability to hold these equity securities until a recovery of fair value, the Company does not consider these investments other-than-temporarily impaired. Factors considered in determining whether a loss is temporary include the length of time and extent to which fair value has been below cost, the financial condition and prospects of the issuer (including credit ratings and analyst reports) and macro-economic changes. A total of 10 and 30 securities had unrealized losses at September 30, 2016 and December 31, 2015 , respectively. Reviews of the values of securities are inherently uncertain and the value of the investments may not fully recover, or may decline in future periods resulting in a realized loss. The Company recorded other-than-temporary impairment charges for debt and equity investments in the amount of $233,941 for the nine-month period ended September 30, 2016 and $668,904 for the nine-month period ended September 30, 2015. Other-than-temporary impairment charges are included in net realized gain on investments in the Consolidated Statements of Income. Variable Interest Entities The Company holds investments in VIEs that are not consolidated in the Company's financial statements as the Company is not the primary beneficiary. These entities are considered VIEs as the equity investors at risk, including the Company, do not have the power over the activities that most significantly impact the economic performance of the entities; this power resides with a third-party general partner or managing member that cannot be removed except for cause. The following table sets forth details about the Company's variable interest investments in VIEs, which are structured either as limited partnerships ("LPs") or limited liability companies ("LLCs"), as of September 30, 2016 : Type of Investment Balance Sheet Classification Carrying Value Estimated Fair Value Maximum Potential Loss (a) Tax credit LPs Other investments $ 1,137,346 $ 1,137,346 $ 1,325,000 Real estate LLCs or LPs Other investments 3,838,897 4,323,037 6,350,000 Small business investment LPs Other investments 3,082,723 2,072,658 9,100,000 Total $ 8,058,966 $ 7,533,041 $ 16,775,000 (a) Maximum potential loss is calculated as the total investment in the LLC or LP including any capital commitments that may have not yet been called. The Company is not exposed to any loss beyond the total commitment of its investment. Valuation of Financial Assets and Liabilities The FASB has established a valuation hierarchy for disclosure of the inputs used to measure estimated fair value of financial assets and liabilities, such as securities. This hierarchy categorizes the inputs into three broad levels as follows. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument. Level 3 inputs are unobservable inputs based on the Company’s own assumptions used to measure assets and liabilities at fair value. A financial instrument’s classification within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement – consequently, if there are multiple significant valuation inputs that are categorized in different levels of the hierarchy, the instrument’s hierarchy level is the lowest level (with Level 3 being the lowest level) within which any significant input falls. Debt and Equity Securities The Level 1 category includes equity securities that are measured at estimated fair value using quoted active market prices. The Level 2 category includes fixed maturity investments such as corporate bonds, U.S. government and agency bonds and municipal bonds. Estimated fair value is principally based on market values obtained from a third party pricing service. Factors that are used in determining estimated fair market value include benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data. The Company receives one quote per security from a third party pricing service, although as discussed below, the Company does consult other pricing resources when confirming that the prices it obtains reflect the fair values of the instruments in accordance with ASC 820 , Fair Value Measurements and Disclosures . Generally, quotes obtained from the pricing service for instruments classified as Level 2 are not adjusted and are not binding. As of September 30, 2016 and December 31, 2015 , the Company did not adjust any Level 2 fair values. A number of the Company’s investment grade corporate bonds are frequently traded in active markets, and trading prices are consequently available for these securities. However, these securities are classified as Level 2 because the pricing service from which the Company has obtained estimated fair values for these instruments uses valuation models that use observable market inputs in addition to trading prices. Substantially all of the input assumptions used in the service’s model are observable in the marketplace or can be derived or supported by observable market data. The Level 3 category only includes the Company's investments in student loan auction securities ("ARS") because quoted prices are unavailable due to failed auctions. The Company’s ARS portfolio, which was comprised entirely of an investment grade student loan ARS, was sold during the first quarter of 2016. The par value of this security was $1,000,000 as of December 31, 2015, with approximately 97.0% guaranteed by the U.S. Department of Education. Some of the inputs to ARS valuation are unobservable in the market and are significant; therefore, the Company utilized another third party pricing service to assist in the determination of the estimated fair market value of these securities. This service used a proprietary valuation model that considered factors such as the following: the financial standing of the issuer; reported prices and the extent of public trading in similar financial instruments of the issuer or comparable companies; the ability of the issuer to obtain required financing; changes in the economic conditions affecting the issuer; pricing by other dealers in similar securities; time to maturity; and interest rates. The pricing service provided a range of values to the Company for its ARS. The Company recorded the estimated fair value based on the midpoint of the range and believes that this valuation is the most reasonable estimate of fair value. In 2015, the difference in the low and high values of the ranges was approximately one to four percent of the carrying value of the Company’s ARS. The following table presents, by level, the financial assets carried at estimated fair value measured on a recurring basis as of September 30, 2016 and December 31, 2015 . The table does not include cash on hand and also does not include assets that are measured at historical cost or any basis other than fair value. Level 3 assets are comprised solely of ARS. As of September 30, 2016 Level 1 Level 2 Level 3 Total Short-term investments $ 3,925,296 $ — $ — $ 3,925,296 Equity securities: Common stock 39,834,879 — — 39,834,879 Fixed maturities: Obligations of U.S. states, territories and political subdivisions* — 93,251,682 — 93,251,682 Corporate debt securities* — 17,787,242 — 17,787,242 Total $ 43,760,175 $ 111,038,924 $ — $ 154,799,099 As of December 31, 2015 Level 1 Level 2 Level 3 Total Short-term investments $ 6,865,406 $ — $ — $ 6,865,406 Equity securities: Common stock 37,513,464 — — 37,513,464 Fixed maturities: Obligations of U.S. states, territories and political subdivisions* — 87,640,140 — 87,640,140 Corporate debt securities* — 17,486,344 939,900 18,426,244 Total $ 44,378,870 $ 105,126,484 $ 939,900 $ 150,445,254 *Denotes fair market value obtained from pricing services. There were no transfers into or out of Levels 1, 2 or 3 during the period. To help ensure that fair value determinations are consistent with ASC 820, prices from our pricing services go through multiple review processes to ensure appropriate pricing. Pricing procedures and inputs used to price each security include, but are not limited to, the following: unadjusted quoted market prices for identical securities such as stock market closing prices; non-binding quoted prices for identical securities in markets that are not active; interest rates; yield curves observable at commonly quoted intervals; volatility; prepayment speeds; loss severity; credit risks and default rates. The Company reviews the procedures and inputs used by its pricing services, and verifies a sample of the services’ quotes by comparing them to values obtained from other pricing resources. In the event the Company disagrees with a price provided by its pricing services, the respective service reevaluates the price to corroborate the market information and then reviews inputs to the evaluation in light of potentially new market data. The Company believes that these processes and inputs result in appropriate classifications and fair values consistent with ASC 820. Other Financial Instruments The Company uses various financial instruments in the normal course of its business. In the measurement of the estimated fair value of certain financial instruments, other valuation techniques were utilized if quoted market prices were not available. These derived fair value estimates are significantly affected by the assumptions used. Additionally, ASC 820 excludes from its scope certain financial instruments, including those related to insurance contracts, pension and other postretirement benefits, and equity method investments. In estimating the fair value of the financial instruments presented, the Company used the following methods and assumptions: Cash and cash equivalents The carrying amount for cash and cash equivalents is a reasonable estimate of fair value due to the short-term maturity of these investments. Cost-basis investments The estimated fair value of cost-basis investments is calculated from the book value of the underlying entities, which is not materially different from the fair value of the underlying entity. These items are included in other investments in the Consolidated Balance Sheets. Accrued dividends and interest The carrying amount for accrued dividends and interest is a reasonable estimate of fair value due to the short-term maturity of these assets. The carrying amounts and estimated fair values of other financial instruments (see previous table for investments carried at estimated fair value) as of September 30, 2016 and December 31, 2015 are presented in the following table: As of September 30, 2016 Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 Financial assets: Cash $ 26,898,991 $ 26,898,991 $ 26,898,991 $ — $ — Cost-basis investments 4,119,328 4,367,372 — — 4,367,372 Accrued dividends and interest 1,389,526 1,389,526 1,389,526 — — Total $ 32,407,845 $ 32,655,889 $ 28,288,517 $ — $ 4,367,372 As of December 31, 2015 Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 Financial assets: Cash $ 21,790,068 $ 21,790,068 $ 21,790,068 $ — $ — Cost-basis investments 3,588,314 3,684,020 — — 3,684,020 Accrued dividends and interest 1,004,126 1,004,126 1,004,126 — — Total $ 26,382,508 $ 26,478,214 $ 22,794,194 $ — $ 3,684,020 The following table presents a reconciliation of the Company’s assets measured at estimated fair value on a recurring basis using significant unobservable inputs (Level 3), which are all ARS securities, for the period ended September 30, 2016 and the year ended December 31, 2015 : Changes in fair value during the period ended: 2016 2015 Beginning balance at January 1 $ 939,900 $ 939,100 Redemptions and sales (1,000,000 ) — Realized gain – included in net realized gain on investments 74,996 — Unrealized (loss) gain – included in other comprehensive income (loss) (14,896 ) 800 Ending balance, net $ — $ 939,900 Certain cost-basis investments are measured at estimated fair value on a non-recurring basis, such as investments that are determined to be other-than-temporarily impaired during the period and recorded at estimated fair value in the Consolidated Financial Statements as of September 30, 2016 and December 31, 2015 . The following table summarizes the corresponding estimated fair value hierarchy of such investments at September 30, 2016 and December 31, 2015 and the related impairments recognized: As of September 30, 2016 Valuation Method Impaired Level 1 Level 2 Level 3 Total at Estimated Fair Value Impairment Losses Cost-basis investments Fair Value No $ — $ — $ — $ — $ — Total cost-basis investments $ — $ — $ — $ — $ — As of December 31, 2015 Valuation Method Impaired Level 1 Level 2 Level 3 Total at Estimated Fair Value Impairment Losses Cost-basis investments Fair Value Yes $ — $ — $ 163,350 $ 163,350 $ (233,069 ) Total cost-basis investments $ — $ — $ 163,350 $ 163,350 $ (233,069 )

Commitments And Contingencies

Commitments And Contingencies	9 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments And Contingencies	Commitments and Contingencies Legal Proceedings – The Company and its subsidiaries are involved in legal proceedings that are incidental to their business. In the Company’s opinion, based on the present status of these proceedings, any potential liability of the Company or its subsidiaries with respect to these legal proceedings, will not, in the aggregate, be material to the Company’s consolidated financial condition or operations. Regulation – The Company’s title insurance and trust subsidiaries are regulated by various federal, state and local governmental agencies and are subject to various audits and inquiries. It is the opinion of management based on its present expectations that these audits and inquiries will not have a material impact on the Company’s consolidated financial condition or operations. Escrow and Trust Deposits – As a service to its customers, the Company, through ITIC, administers escrow and trust deposits representing earnest money received under real estate contracts, undisbursed amounts received for settlement of mortgage loans and indemnities against specific title risks. These amounts are not considered assets of the Company and, therefore, are excluded from the accompanying Consolidated Balance Sheets. However, the Company remains contingently liable for the disposition of these deposits. Like-Kind Exchanges Proceeds – In administering tax-deferred property exchanges, the Company’s subsidiary, Investors Title Exchange Corporation (“ITEC”), serves as a qualified intermediary for exchanges, holding the net sales proceeds from relinquished property to be used for purchase of replacement property. Another Company subsidiary, Investors Title Accommodation Corporation (“ITAC”), serves as exchange accommodation titleholder and, through limited liability companies that are wholly owned subsidiaries of ITAC, holds property for exchangers in reverse exchange transactions. Like-kind exchange deposits and reverse exchange property totaled approximately $193,782,000 and $171,010,000 as of September 30, 2016 and December 31, 2015 , respectively. These amounts are not considered assets of the Company and, therefore, are excluded from the accompanying Consolidated Balance Sheets; however, the Company remains contingently liable for the disposition of the transfers of property, disbursements of proceeds and the return on the proceeds at the agreed upon rate. Exchange services revenues include earnings on these deposits; therefore, investment income is shown as other revenue rather than investment income. These like-kind exchange funds are primarily invested in money market and other short-term investments. Agency Relationship – On July 1, 2015, Title Resource Group LLC's wholly owned subsidiary, title insurer Texas American Title Company, acquired the assets of ITCOA, LLC, which does business throughout Texas as Independence Title. For the nine-month period ended September 30, 2016 and the twelve-month periods ended December 31, 2015 and 2014 , Independence Title originated 5.6% , 10.3% and 23.6% , respectively, of the net premiums written for the Company. Independence Title is under no legal commitment to remit a minimum amount of premiums to the Company, and could cease doing so at any time.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company does business with, and has investments in, unconsolidated limited liability companies that are primarily title insurance agencies. The Company utilizes the equity method to account for its investment in these limited liability companies. The following table sets forth the approximate values by year found within each financial statement classification: Financial Statement Classification, As of September 30, 2016 As of December 31, 2015 Consolidated Balance Sheets Other investments $ 6,507,000 $ 6,519,000 Premiums and fees receivable $ 78,000 $ 719,000 For the Three Months Ended For the Nine Months Ended Consolidated Statements of Income 2016 2015 2016 2015 Net premiums written $ 4,513,000 $ 3,451,000 $ 10,993,000 $ 10,436,000 Other income $ 809,000 $ 716,000 $ 1,541,000 $ 2,230,000 Commissions to agents $ 3,062,000 $ 2,326,000 $ 7,465,000 $ 7,176,000

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	9 Months Ended
	Sep. 30, 2016
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income The following tables provide changes in the balances of each component of accumulated other comprehensive income, net of tax, for the periods ended September 30, 2016 and 2015 : Three Months Ended September 30, 2016 Unrealized Gains and Losses On Available-for-Sale Securities Postretirement Benefits Plans Total Beginning balance at July 1 $ 14,331,320 $ (111,776 ) $ 14,219,544 Other comprehensive loss before reclassifications (489,001 ) — (489,001 ) Amounts reclassified from accumulated other comprehensive income (282,461 ) 1,476 (280,985 ) Net current-period other comprehensive (loss) income (771,462 ) 1,476 (769,986 ) Ending balance $ 13,559,858 $ (110,300 ) $ 13,449,558 Three Months Ended September 30, 2015 Unrealized Gains and Losses On Available-for-Sale Securities Postretirement Benefits Plans Total Beginning balance at July 1 $ 11,099,177 $ (75,380 ) $ 11,023,797 Other comprehensive loss before reclassifications (1,549,501 ) — (1,549,501 ) Amounts reclassified from accumulated other comprehensive income 130,851 1,304 132,155 Net current-period other comprehensive (loss) income (1,418,650 ) 1,304 (1,417,346 ) Ending balance $ 9,680,527 $ (74,076 ) $ 9,606,451 Nine Months Ended September 30, 2016 Unrealized Gains and Losses On Available-for-Sale Securities Postretirement Benefits Plans Total Beginning balance at January 1 $ 11,597,741 $ (114,726 ) $ 11,483,015 Other comprehensive income before reclassifications 2,325,045 — 2,325,045 Amounts reclassified from accumulated other comprehensive income (362,928 ) 4,426 (358,502 ) Net current-period other comprehensive income 1,962,117 4,426 1,966,543 Ending balance $ 13,559,858 $ (110,300 ) $ 13,449,558 Nine Months Ended September 30, 2015 Unrealized Gains and Losses On Available-for-Sale Securities Postretirement Benefits Plans Total Beginning balance at January 1 $ 12,934,497 $ (77,988 ) $ 12,856,509 Other comprehensive loss before reclassifications (2,777,909 ) — (2,777,909 ) Amounts reclassified from accumulated other comprehensive income (476,061 ) 3,912 (472,149 ) Net current-period other comprehensive (loss) income (3,253,970 ) 3,912 (3,250,058 ) Ending balance $ 9,680,527 $ (74,076 ) $ 9,606,451 The following tables provide significant amounts reclassified out of each component of accumulated other comprehensive income for the periods ended September 30, 2016 and 2015 : Three Months Ended September 30, 2016 Details about Accumulated Other Comprehensive Income Components Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Consolidated Statements of Income Unrealized gains and losses on available-for-sale securities: Net realized gain on investments $ 545,925 Other-than-temporary impairments (118,703 ) Total $ 427,222 Net realized gain (loss) on investments Tax (144,761 ) Provision for Income Taxes Net of Tax $ 282,461 Amortization related to postretirement benefit plans: Prior year service cost $ — Unrecognized loss (2,235 ) Total $ (2,235 ) (a) Tax 759 Provision for Income Taxes Net of Tax $ (1,476 ) Reclassifications for the period $ 280,985 Three Months Ended September 30, 2015 Details about Accumulated Other Amount Reclassified from Affected Line Item in the Consolidated Unrealized gains and losses on available-for-sale securities: Net realized gain on investments $ 458,058 Other-than-temporary impairments (657,755 ) Total $ (199,697 ) Net realized gain (loss) on investments Tax 68,846 Provision for Income Taxes Net of Tax $ (130,851 ) Amortization related to postretirement benefit plans: Prior year service cost $ (1,098 ) Unrecognized loss (878 ) Total $ (1,976 ) (a) Tax 672 Provision for Income Taxes Net of Tax $ (1,304 ) Reclassifications for the period $ (132,155 ) Nine Months Ended September 30, 2016 Details about Accumulated Other Comprehensive Income Components Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Consolidated Statements of Income Unrealized gains and losses on available-for-sale securities: Net realized gain on investments $ 785,517 Other-than-temporary impairments (233,941 ) Total $ 551,576 Net realized gain (loss) on investments Tax (188,648 ) Provision for Income Taxes Net of Tax $ 362,928 Amortization related to postretirement benefit plans: Prior year service cost — Unrecognized loss (6,705 ) Total $ (6,705 ) (a) Tax 2,279 Provision for Income Taxes Net of Tax $ (4,426 ) Reclassifications for the period $ 358,502 Nine Months Ended September 30, 2015 Details about Accumulated Other Comprehensive Income Components Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Consolidated Statements of Income Unrealized gains and losses on available-for-sale securities: Net realized gain on investments $ 1,390,070 Other-than-temporary impairments (668,904 ) Total $ 721,166 Net realized gain (loss) on investments Tax (245,105 ) Provision for Income Taxes Net of Tax $ 476,061 Amortization related to postretirement benefit plans: Prior year service cost (3,293 ) Unrecognized loss (2,635 ) Total $ (5,928 ) (a) Tax 2,016 Provision for Income Taxes Net of Tax $ (3,912 ) Reclassifications for the period $ 472,149 (a) These accumulated other comprehensive income components are not reclassified to net income in their entirety in the same reporting period. The amounts are presented within salaries, employee benefits and payroll taxes on the Consolidated Statements of Income as amortized. Amortization and accretion related to postretirement benefit plans is included in the computation of net periodic pension costs, as discussed in Note 5.

Basis Of Presentation And Sig19

Basis Of Presentation And Significant Accounting Policies (Policy)	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles Of Consolidation	Principles of Consolidation – The accompanying unaudited Consolidated Financial Statements include the accounts and operations of Investors Title Company and its subsidiaries, and have been prepared in accordance with generally accepted accounting principles for interim financial information, with the instructions to Form 10-Q and with Article 10 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in annual financial statements have been condensed or omitted. Earnings attributable to noncontrolling interests in majority-owned title insurance agencies are recorded in the Consolidated Statements of Income. Noncontrolling interests representing the portion of equity not related to the Company's ownership interests are recorded in separate sections of the Consolidated Balance Sheets. All intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, all adjustments considered necessary for a fair presentation of the financial position, results of operations and cash flows of the Company in the accompanying unaudited Consolidated Financial Statements have been included. All such adjustments are of a normal recurring nature. Operating results for the quarter ended September 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016 .
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block]	Allowance for Doubtful Accounts – Company management continually evaluates the collectability of receivables and provides an allowance for doubtful accounts equal to estimated losses expected to be incurred in the collection of premiums and fees receivable.
Use Of Estimates And Assumptions	Use of Estimates and Assumptions – The preparation of the Company’s Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and assumptions used.
Subsequent Events	Subsequent Events – On October 12, 2016, National Investors Holdings, LLC ("NIH"), a subsidiary of the Company, entered into a stock purchase agreement (the "Purchase Agreement") to acquire all of the outstanding shares of University Title Company (“University”). University is a title insurance agency doing business in the State of Texas. On October 31, 2016, NIH closed the transaction, paying $10 million plus a $918,000 adjustment for University’s net cash position at closing to the shareholders of University. The transaction is being financed with a $6 million principal amount loan from a bank and cash on hand. The loan bears interest at the London Interbank Offered Rate (“LIBOR”) plus 1.752% , matures on December 27, 2016 and is secured by assets of the Company pursuant to a Commercial Security Agreement.
Recently Issued Accounting Standards	Recently Issued Accounting Standards – In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ("ASU") 2016-13, Financial Instruments - Credit Losses (Topic 326) . ASU 2016-13 is intended to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. The update broadens the information that an entity must consider in developing its expected credit loss estimates, and is meant to better reflect an entity’s current estimate of all expected credit losses. In addition, this update amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The update is effective for annual periods beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted as of fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the impact that the recently issued accounting standard will have on the Company's financial position and results of operations, but does not expect it to have a material impact. In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718) . ASU 2016-09 updated guidance to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. The update is effective for annual periods beginning after December 15, 2016, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact that the recently issued accounting standard will have on the Company's financial position and results of operations, but does not expect it to have a material impact. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) . ASU 2016-02 updated guidance to improve financial reporting for leasing transactions. The core principle of the guidance is that lessees will be required to recognize assets and liabilities on the balance sheet for all leases with terms of more than twelve months. A lessee would recognize a liability to make lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term. The accounting applied by a lessor is largely unchanged from current GAAP, with some targeted improvements. Disclosures will be required by lessees and lessors to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. In transition, both lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The update is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption was permitted for all entities upon issuance. The Company is currently evaluating whether or not the recently issued accounting standard will have a material impact on the Company's financial position or results of operations. In January 2016, the FASB issued ASU 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities . ASU 2016-01 updated guidance to enhance the reporting model for financial instruments. Among the main principles of the guidance applicable to the Company are provisions to: require equity investments, except those accounted for under the equity method of accounting or those that result in consolidation of the investee, to be measured at fair value with changes in fair value recognized in net income; simplify the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment, noting that when a qualitative assessment indicates that impairment exists that an entity is required to measure the investment at fair value; eliminate the requirement to disclose methods and significant assumptions used to estimate the fair value for financial instruments measured at amortized cost; require entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; require separate presentation of financial assets and financial liabilities by measuring category and form of financial asset on the balance sheet or accompanying notes to the financial statements; and clarify that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. The update is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted for the provision requiring entities to recognize the fair value change from instrument-specific credit risk in other comprehensive income for financial liabilities measured using the fair value option in Accounting Standards Codification ("ASC") 825, and can be early adopted for financial statements of annual or interim periods that have not yet been issued or made available for issuance. The Company will be required to apply the update by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption, with the amendments related to equity securities without readily determinable fair values being applied prospectively to equity investments that exist as of the date of adoption. The guidance is expected to have a material impact on the Company’s financial condition and results of operations once effective, primarily resulting from fluctuations in security exchanges or markets. In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis . ASU 2015-02 updated guidance to change the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. All legal entities are subject to reevaluation under the revised consolidation model. Specifically, the amendments: modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities ("VIEs") or voting interest entities; eliminate the presumption that a general partner should consolidate a limited partnership; affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; and provide a scope exception from consolidation guidance for reporting entities that are required to comply with or operate in accordance with certain requirements similar to those for registered money market funds. For public entities, this update was effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. The Company adopted this update on January 1, 2016 with no impact to the Company's financial position or results of operations. Certain investments previously considered voting interest entities are considered VIEs under this update. However, since the Company is not considered the primary beneficiary, none of the investments are consolidated. Refer to Note 6 for additional disclosure. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) . ASU 2014-09 updated guidance to improve the comparability of revenue recognition practices for entities that either enter into contracts with customers to transfer goods or services or enter into contracts for the transfer of nonfinancial assets, unless those contracts are within the scope of other standards such as insurance contracts or lease standards. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. For public entities, this update originally became effective for interim and annual reporting periods beginning after December 15, 2016. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date . ASU 2015-14 updated guidance to defer the effective date of the standard by one year. Early adoption is not permitted, although public entities are permitted to elect to adopt the amendments on the original effective date. The Company is currently evaluating the impact that the recently issued accounting standard will have on the Company's financial position and results of operations, but does not expect it to have a material impact.

Reserves For Claims (Tables)

Reserves For Claims (Tables)	9 Months Ended
	Sep. 30, 2016
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]
Summary Of Transactions In Reserves For Claims	Transactions in the reserves for claims for the nine-month period ended September 30, 2016 and the year ended December 31, 2015 are summarized as follows: September 30, 2016 December 31, 2015 Balance, beginning of period $ 37,788,000 $ 36,677,000 (Benefit) provision, charged to operations (403,982 ) 4,478,494 Payments of claims, net of recoveries (1,848,018 ) (3,367,494 ) Ending balance $ 35,536,000 $ 37,788,000
Summary Of The Company's Loss Reserves	A summary of the Company’s loss reserves, broken down into its components of known title claims and IBNR, follows: September 30, 2016 % December 31, 2015 % Known title claims $ 4,694,784 13.2 $ 5,066,469 13.4 IBNR 30,841,216 86.8 32,721,531 86.6 Total loss reserves $ 35,536,000 100.0 $ 37,788,000 100.0

Earnings Per Common Share And21

Earnings Per Common Share And Share Awards (Tables)	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Computation Of Basic And Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share for the three- and nine-month periods ended September 30 : Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Net income attributable to the Company $ 8,126,939 $ 4,490,962 $ 14,470,359 $ 10,337,583 Weighted average common shares outstanding – Basic 1,888,870 1,967,923 1,915,468 1,995,120 Incremental shares outstanding assuming the exercise of dilutive stock options and SARs (share-settled) 6,722 4,310 6,531 4,923 Weighted average common shares outstanding – Diluted 1,895,592 1,972,233 1,921,999 2,000,043 Basic earnings per common share $ 4.30 $ 2.28 $ 7.55 $ 5.18 Diluted earnings per common share $ 4.29 $ 2.28 $ 7.53 $ 5.17
Summary Of Share-Based Award Transactions	A summary of share-based award transactions for all share-based award plans follows: Number Of Shares Weighted Average Exercise Price Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding as of January 1, 2015 21,000 $ 51.30 3.64 $ 453,510 SARs granted 4,500 73.00 SARs exercised (2,000 ) 47.88 Options exercised (1,500 ) 36.79 Outstanding as of December 31, 2015 22,000 $ 57.04 3.93 $ 945,055 SARs granted 4,500 93.87 SARs exercised (2,000 ) 32.00 Outstanding as of September 30, 2016 24,500 $ 65.85 4.10 $ 824,390 Exercisable as of September 30, 2016 22,250 $ 63.02 3.85 $ 811,723 Unvested as of September 30, 2016 2,250 $ 93.87 6.63 $ 12,667
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	The weighted average fair values for SARs issued during 2016 and 2015 were estimated using the weighted average assumptions shown in the table below: 2016 2015 Expected life in years 7.0 7.0 Volatility 28.9 % 40.7 % Interest rate 1.7 % 2.0 % Yield rate 0.7 % 0.4 %

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Selected Financial Information About The Company's Operations By Segment	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 All Intersegment 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

Retirement Agreements And Oth23

Retirement Agreements And Other Postretirement Benefits (Tables)	9 Months Ended
	Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Components Of Net Periodic Benefits Cost	The following sets forth the net periodic benefits cost for the executive benefits for the periods ended September 30, 2016 and 2015 : Three Months Ended September 30, Nine Months Ended 2016 2015 2016 2015 Service cost – benefits earned during the year $ 2,545 $ 4,187 $ 7,635 $ 12,561 Interest cost on the projected benefit obligation 8,781 7,693 26,343 23,079 Amortization of unrecognized prior service cost — 1,098 — 3,293 Amortization of unrecognized losses 2,235 878 6,705 2,635 Net periodic benefits costs $ 13,561 $ 13,856 $ 40,683 $ 41,568

Investments In Securities (Tabl

Investments In Securities (Tables)	9 Months Ended
	Sep. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule Of Gross Unrealized Gains And Losses And Amortized Cost For Securities	The aggregate estimated fair value, gross unrealized holding gains, gross unrealized holding losses and cost or amortized cost for securities by major security type are as follows: As of September 30, 2016 Amortized Cost Gross Gains Gross Unrealized Losses Estimated Fair Value Fixed maturities, available-for-sale, at fair value: General obligations of U.S. states, territories and political subdivisions $ 31,751,299 $ 1,114,177 $ 2,072 $ 32,863,404 Special revenue issuer obligations of U.S. states, territories and political subdivisions 56,651,943 3,751,576 15,241 60,388,278 Corporate debt securities 16,837,246 950,115 119 17,787,242 Total $ 105,240,488 $ 5,815,868 $ 17,432 $ 111,038,924 Equity securities, available-for-sale, at fair value: Common stocks $ 24,958,456 $ 14,974,237 $ 97,814 $ 39,834,879 Total $ 24,958,456 $ 14,974,237 $ 97,814 $ 39,834,879 Short-term investments: Money market funds and certificates of deposit $ 3,925,296 $ — $ — $ 3,925,296 Total $ 3,925,296 $ — $ — $ 3,925,296 As of December 31, 2015 Amortized Cost Gross Gains Gross Unrealized Losses Estimated Fair Value Fixed maturities, available-for-sale, at fair value: General obligations of U.S. states, territories and political subdivisions $ 31,883,439 $ 987,595 $ 11,734 $ 32,859,300 Special revenue issuer obligations of U.S. states, territories and political subdivisions 52,202,815 2,604,152 26,127 54,780,840 Corporate debt securities 17,004,985 539,832 58,473 17,486,344 Auction rate securities 924,587 15,313 — 939,900 Total $ 102,015,826 $ 4,146,892 $ 96,334 $ 106,066,384 Equity securities, available-for-sale, at fair value: Common stocks and nonredeemable preferred stocks $ 23,855,873 $ 13,785,968 $ 128,377 $ 37,513,464 Total $ 23,855,873 $ 13,785,968 $ 128,377 $ 37,513,464 Short-term investments: Money market funds and certificates of deposit $ 6,865,406 $ — $ — $ 6,865,406 Total $ 6,865,406 $ — $ — $ 6,865,406
Schedule Of Fixed Maturity Securities	The scheduled maturities of fixed maturity securities at September 30, 2016 were as follows: Available-for-Sale Amortized Cost Fair Value Due in one year or less $ 20,245,762 $ 20,383,264 Due after one year through five years 34,757,122 36,493,362 Due five years through ten years 48,247,411 51,501,388 Due after ten years 1,990,193 2,660,910 Total $ 105,240,488 $ 111,038,924
Schedule Of Gross Realized Gains And Losses On Securities	Realized gains and losses on investments for the nine-month periods ended September 30 are summarized as follows: 2016 2015 Gross realized gains from securities: Special revenue issuer obligations of U.S. states, territories and political subdivisions $ 161 $ — Corporate debt securities 20 5,417 Common stocks and nonredeemable preferred stocks 880,647 1,436,386 Auction rate securities 74,996 — Total $ 955,824 $ 1,441,803 Gross realized losses from securities: General obligations of U.S. states, territories and political subdivisions $ (533 ) $ (12,319 ) Special revenue issuer obligations of U.S. states, territories and political subdivisions (1,085 ) (397 ) Common stocks and nonredeemable preferred stocks (168,688 ) (39,017 ) Other-than-temporary impairment of securities (233,941 ) (668,904 ) Total $ (404,247 ) $ (720,637 ) Net realized gain from securities $ 551,577 $ 721,166 Net realized gain (loss) on other investments: Impairments of other investments $ — $ (233,069 ) Gains on other investments 22,751 113,239 Total $ 22,751 $ (119,830 ) Net realized gain on investments $ 574,328 $ 601,336
Schedule Of Unrealized Losses On Investments	The following table presents the gross unrealized losses on investment securities and the fair value of the securities, aggregated by investment category and length of time that individual securities have been in a continuous loss position at September 30, 2016 and December 31, 2015 : Less than 12 Months 12 Months or Longer Total As of September 30, 2016 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses General obligations of U.S. states, territories and political subdivisions $ 3,594,415 $ (2,072 ) $ — $ — $ 3,594,415 $ (2,072 ) Special revenue issuer obligations of U.S. states, territories and political subdivisions 1,737,905 (15,241 ) — — 1,737,905 (15,241 ) Corporate debt securities 999,820 (119 ) — — 999,820 (119 ) Total fixed income securities $ 6,332,140 $ (17,432 ) $ — $ — $ 6,332,140 $ (17,432 ) Equity securities $ 806,984 $ (97,814 ) $ — $ — $ 806,984 $ (97,814 ) Total temporarily impaired securities $ 7,139,124 $ (115,246 ) $ — $ — $ 7,139,124 $ (115,246 ) Less than 12 Months 12 Months or Longer Total As of December 31, 2015 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses General obligations of U.S. states, territories and political subdivisions $ 1,758,345 $ (11,734 ) $ — $ — $ 1,758,345 $ (11,734 ) Special revenue issuer obligations of U.S. states, territories and political subdivisions 1,672,217 (5,138 ) 1,183,963 (20,989 ) 2,856,180 (26,127 ) Corporate debt securities 6,981,275 (58,473 ) — — 6,981,275 (58,473 ) Total fixed income securities $ 10,411,837 $ (75,345 ) $ 1,183,963 $ (20,989 ) $ 11,595,800 $ (96,334 ) Equity securities $ 5,533,667 $ (128,377 ) $ — $ — $ 5,533,667 $ (128,377 ) Total temporarily impaired securities $ 15,945,504 $ (203,722 ) $ 1,183,963 $ (20,989 ) $ 17,129,467 $ (224,711 )
Schedule of Variable Interest Entities	The following table sets forth details about the Company's variable interest investments in VIEs, which are structured either as limited partnerships ("LPs") or limited liability companies ("LLCs"), as of September 30, 2016 : Type of Investment Balance Sheet Classification Carrying Value Estimated Fair Value Maximum Potential Loss (a) Tax credit LPs Other investments $ 1,137,346 $ 1,137,346 $ 1,325,000 Real estate LLCs or LPs Other investments 3,838,897 4,323,037 6,350,000 Small business investment LPs Other investments 3,082,723 2,072,658 9,100,000 Total $ 8,058,966 $ 7,533,041 $ 16,775,000 (a) Maximum potential loss is calculated as the total investment in the LLC or LP including any capital commitments that may have not yet been called. The Company is not exposed to any loss beyond the total commitment of its investment.
Schedule Of Fair Value Assets Measured On Recurring Basis	The following table presents, by level, the financial assets carried at estimated fair value measured on a recurring basis as of September 30, 2016 and December 31, 2015 . The table does not include cash on hand and also does not include assets that are measured at historical cost or any basis other than fair value. Level 3 assets are comprised solely of ARS. As of September 30, 2016 Level 1 Level 2 Level 3 Total Short-term investments $ 3,925,296 $ — $ — $ 3,925,296 Equity securities: Common stock 39,834,879 — — 39,834,879 Fixed maturities: Obligations of U.S. states, territories and political subdivisions* — 93,251,682 — 93,251,682 Corporate debt securities* — 17,787,242 — 17,787,242 Total $ 43,760,175 $ 111,038,924 $ — $ 154,799,099 As of December 31, 2015 Level 1 Level 2 Level 3 Total Short-term investments $ 6,865,406 $ — $ — $ 6,865,406 Equity securities: Common stock 37,513,464 — — 37,513,464 Fixed maturities: Obligations of U.S. states, territories and political subdivisions* — 87,640,140 — 87,640,140 Corporate debt securities* — 17,486,344 939,900 18,426,244 Total $ 44,378,870 $ 105,126,484 $ 939,900 $ 150,445,254
Schedule Of Carrying Value And Fair Value Of Financial Assets Disclosed	The carrying amounts and estimated fair values of other financial instruments (see previous table for investments carried at estimated fair value) as of September 30, 2016 and December 31, 2015 are presented in the following table: As of September 30, 2016 Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 Financial assets: Cash $ 26,898,991 $ 26,898,991 $ 26,898,991 $ — $ — Cost-basis investments 4,119,328 4,367,372 — — 4,367,372 Accrued dividends and interest 1,389,526 1,389,526 1,389,526 — — Total $ 32,407,845 $ 32,655,889 $ 28,288,517 $ — $ 4,367,372 As of December 31, 2015 Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 Financial assets: Cash $ 21,790,068 $ 21,790,068 $ 21,790,068 $ — $ — Cost-basis investments 3,588,314 3,684,020 — — 3,684,020 Accrued dividends and interest 1,004,126 1,004,126 1,004,126 — — Total $ 26,382,508 $ 26,478,214 $ 22,794,194 $ — $ 3,684,020
Schedule Of Fair Value Assets Measured At Unobservable Inputs Reconciliation	The following table presents a reconciliation of the Company’s assets measured at estimated fair value on a recurring basis using significant unobservable inputs (Level 3), which are all ARS securities, for the period ended September 30, 2016 and the year ended December 31, 2015 : Changes in fair value during the period ended: 2016 2015 Beginning balance at January 1 $ 939,900 $ 939,100 Redemptions and sales (1,000,000 ) — Realized gain – included in net realized gain on investments 74,996 — Unrealized (loss) gain – included in other comprehensive income (loss) (14,896 ) 800 Ending balance, net $ — $ 939,900
Fair Value Measurements, Nonrecurring [Table Text Block]	The following table summarizes the corresponding estimated fair value hierarchy of such investments at September 30, 2016 and December 31, 2015 and the related impairments recognized: As of September 30, 2016 Valuation Method Impaired Level 1 Level 2 Level 3 Total at Estimated Fair Value Impairment Losses Cost-basis investments Fair Value No $ — $ — $ — $ — $ — Total cost-basis investments $ — $ — $ — $ — $ — As of December 31, 2015 Valuation Method Impaired Level 1 Level 2 Level 3 Total at Estimated Fair Value Impairment Losses Cost-basis investments Fair Value Yes $ — $ — $ 163,350 $ 163,350 $ (233,069 ) Total cost-basis investments $ — $ — $ 163,350 $ 163,350 $ (233,069 )

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
Summary Of Approximate Values By Year Found Within Consolidated Balance Sheets	Financial Statement Classification, As of September 30, 2016 As of December 31, 2015 Consolidated Balance Sheets Other investments $ 6,507,000 $ 6,519,000 Premiums and fees receivable $ 78,000 $ 719,000
Summary Of Approximate Values By Year Found Within Consolidated Statements Of Income	For the Three Months Ended For the Nine Months Ended Consolidated Statements of Income 2016 2015 2016 2015 Net premiums written $ 4,513,000 $ 3,451,000 $ 10,993,000 $ 10,436,000 Other income $ 809,000 $ 716,000 $ 1,541,000 $ 2,230,000 Commissions to agents $ 3,062,000 $ 2,326,000 $ 7,465,000 $ 7,176,000

Accumulated Other Comprehensi26

Accumulated Other Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2016
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule Of Changes In Balances Of Each Component Of Accumulated Other Comprehensive Income, Net Of Tax	The following tables provide changes in the balances of each component of accumulated other comprehensive income, net of tax, for the periods ended September 30, 2016 and 2015 : Three Months Ended September 30, 2016 Unrealized Gains and Losses On Available-for-Sale Securities Postretirement Benefits Plans Total Beginning balance at July 1 $ 14,331,320 $ (111,776 ) $ 14,219,544 Other comprehensive loss before reclassifications (489,001 ) — (489,001 ) Amounts reclassified from accumulated other comprehensive income (282,461 ) 1,476 (280,985 ) Net current-period other comprehensive (loss) income (771,462 ) 1,476 (769,986 ) Ending balance $ 13,559,858 $ (110,300 ) $ 13,449,558 Three Months Ended September 30, 2015 Unrealized Gains and Losses On Available-for-Sale Securities Postretirement Benefits Plans Total Beginning balance at July 1 $ 11,099,177 $ (75,380 ) $ 11,023,797 Other comprehensive loss before reclassifications (1,549,501 ) — (1,549,501 ) Amounts reclassified from accumulated other comprehensive income 130,851 1,304 132,155 Net current-period other comprehensive (loss) income (1,418,650 ) 1,304 (1,417,346 ) Ending balance $ 9,680,527 $ (74,076 ) $ 9,606,451 Nine Months Ended September 30, 2016 Unrealized Gains and Losses On Available-for-Sale Securities Postretirement Benefits Plans Total Beginning balance at January 1 $ 11,597,741 $ (114,726 ) $ 11,483,015 Other comprehensive income before reclassifications 2,325,045 — 2,325,045 Amounts reclassified from accumulated other comprehensive income (362,928 ) 4,426 (358,502 ) Net current-period other comprehensive income 1,962,117 4,426 1,966,543 Ending balance $ 13,559,858 $ (110,300 ) $ 13,449,558 Nine Months Ended September 30, 2015 Unrealized Gains and Losses On Available-for-Sale Securities Postretirement Benefits Plans Total Beginning balance at January 1 $ 12,934,497 $ (77,988 ) $ 12,856,509 Other comprehensive loss before reclassifications (2,777,909 ) — (2,777,909 ) Amounts reclassified from accumulated other comprehensive income (476,061 ) 3,912 (472,149 ) Net current-period other comprehensive (loss) income (3,253,970 ) 3,912 (3,250,058 ) Ending balance $ 9,680,527 $ (74,076 ) $ 9,606,451
Schedule Of Reclassification Out Of Accumulated Other Comprehensive Income	The following tables provide significant amounts reclassified out of each component of accumulated other comprehensive income for the periods ended September 30, 2016 and 2015 : Three Months Ended September 30, 2016 Details about Accumulated Other Comprehensive Income Components Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Consolidated Statements of Income Unrealized gains and losses on available-for-sale securities: Net realized gain on investments $ 545,925 Other-than-temporary impairments (118,703 ) Total $ 427,222 Net realized gain (loss) on investments Tax (144,761 ) Provision for Income Taxes Net of Tax $ 282,461 Amortization related to postretirement benefit plans: Prior year service cost $ — Unrecognized loss (2,235 ) Total $ (2,235 ) (a) Tax 759 Provision for Income Taxes Net of Tax $ (1,476 ) Reclassifications for the period $ 280,985 Three Months Ended September 30, 2015 Details about Accumulated Other Amount Reclassified from Affected Line Item in the Consolidated Unrealized gains and losses on available-for-sale securities: Net realized gain on investments $ 458,058 Other-than-temporary impairments (657,755 ) Total $ (199,697 ) Net realized gain (loss) on investments Tax 68,846 Provision for Income Taxes Net of Tax $ (130,851 ) Amortization related to postretirement benefit plans: Prior year service cost $ (1,098 ) Unrecognized loss (878 ) Total $ (1,976 ) (a) Tax 672 Provision for Income Taxes Net of Tax $ (1,304 ) Reclassifications for the period $ (132,155 ) Nine Months Ended September 30, 2016 Details about Accumulated Other Comprehensive Income Components Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Consolidated Statements of Income Unrealized gains and losses on available-for-sale securities: Net realized gain on investments $ 785,517 Other-than-temporary impairments (233,941 ) Total $ 551,576 Net realized gain (loss) on investments Tax (188,648 ) Provision for Income Taxes Net of Tax $ 362,928 Amortization related to postretirement benefit plans: Prior year service cost — Unrecognized loss (6,705 ) Total $ (6,705 ) (a) Tax 2,279 Provision for Income Taxes Net of Tax $ (4,426 ) Reclassifications for the period $ 358,502 Nine Months Ended September 30, 2015 Details about Accumulated Other Comprehensive Income Components Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Consolidated Statements of Income Unrealized gains and losses on available-for-sale securities: Net realized gain on investments $ 1,390,070 Other-than-temporary impairments (668,904 ) Total $ 721,166 Net realized gain (loss) on investments Tax (245,105 ) Provision for Income Taxes Net of Tax $ 476,061 Amortization related to postretirement benefit plans: Prior year service cost (3,293 ) Unrecognized loss (2,635 ) Total $ (5,928 ) (a) Tax 2,016 Provision for Income Taxes Net of Tax $ (3,912 ) Reclassifications for the period $ 472,149 (a) These accumulated other comprehensive income components are not reclassified to net income in their entirety in the same reporting period. The amounts are presented within salaries, employee benefits and payroll taxes on the Consolidated Statements of Income as amortized. Amortization and accretion related to postretirement benefit plans is included in the computation of net periodic pension costs, as discussed in Note 5.

Basis Of Presentation And Sig27

Basis Of Presentation And Significant Accounting Policies Subsequent Events (Details) - Subsequent Event [Member] - USD ($)	Oct. 31, 2016	Oct. 27, 2016
Subsequent Event [Line Items]
Business Combination, Consideration Transferred	$ 10,000,000
Other Payments to Acquire Businesses	$ 918,000
Short-term Debt		$ 6,000,000
Interest Rate On Loans Plus LIBOR		1.752%

Reserves For Claims Summary Of

Reserves For Claims Summary Of Transactions In Reserves For Claims (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015	Dec. 31, 2014
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Liability for Title Claims and Claims Adjustment Expense	$ 35,536,000	$ 37,788,000	$ 36,677,000
(Benefit) provision, charged to operations	(403,982)	4,478,494
Payments of claims, net of recoveries	$ (1,848,018)	$ (3,367,494)

Reserves For Claims Summary O29

Reserves For Claims Summary Of The Company's Loss Reserves (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015	Dec. 31, 2014
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]
Known title claims	$ 4,694,784	$ 5,066,469
IBNR	30,841,216	32,721,531
Total loss reserves	$ 35,536,000	$ 37,788,000	$ 36,677,000
% of Known title claims	13.20%	13.40%
% of IBNR	86.80%	86.60%
% of Total loss reserves	100.00%	100.00%

Earnings Per Common Share And30

Earnings Per Common Share And Share Awards (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Earnings Per Common Share And Share Awards [Line Items]
Anti-dilutive shares excluded from computation of diluted earnings per share	0	7,500	0	4,500
SARs and options vesting period			1 year
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period			4,500	4,500
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value			$ 28.75	$ 31.16
Compensation expense relating to SARs or options vesting			$ 100,000	$ 103,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 65,000		$ 65,000
Number of stock options or SARs granted where exercise price was less than market price on date of grant			0	0
Minimum
Earnings Per Common Share And Share Awards [Line Items]
SARs and options expiration period			5 years
Maximum
Earnings Per Common Share And Share Awards [Line Items]
Maximum shares of Company stock to be granted to key employees or directors			250,000
SARs and options expiration period			7 years

Earnings Per Common Share And31

Earnings Per Common Share And Share Awards Computation Of Basic And Diluted Earnings Per Share (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Earnings Per Share [Abstract]
Net income attributable to the Company	$ 8,126,939	$ 4,490,962	$ 14,470,359	$ 10,337,583
Weighted average common shares outstanding - Basic	1,888,870	1,967,923	1,915,468	1,995,120
Incremental shares outstanding assuming the exercise of dilutive stock options and SARs (share settled)	6,722	4,310	6,531	4,923
Weighted average common shares outstanding - Diluted	1,895,592	1,972,233	1,921,999	2,000,043
Basic Earnings per Common Share	$ 4.30	$ 2.28	$ 7.55	$ 5.18
Diluted Earnings per Common Share	$ 4.29	$ 2.28	$ 7.53	$ 5.17

Earnings Per Common Share And32

Earnings Per Common Share And Share Awards Summary Of Share-Based Award Transactions (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number Of Shares, Options exercised		(1,500)
Number Of Shares, Unvested as of September 30, 2016	2,250
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Weighted Average Exercise Price, Options exercised		$ 36.79
Weighted Average Exercise Price, Unvested as of September 30, 2016	$ 93.87
Average Remaining Contractual Term, Unvested as of September 30, 2016	6 years 7 months 17 days
Aggregate Intrinsic Value, Unvested as of September 30, 2016	$ 12,667
StockOptionsAndStockAppreciationRightsSARS [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number Of Shares, Outstanding Beginning Balance	22,000	21,000
Number Of Shares, Outstanding Ending Balance	24,500	22,000	21,000
Number Of Shares, Exercisable as of September 30, 2016	22,250
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Weighted Average Exercise Price, Outstanding Beginning Balance	$ 57.04	$ 51.30
Weighted Average Exercise Price, Outstanding Ending Balance	65.85	$ 57.04	$ 51.30
Weighted Average Exercise Price, Exercisable as of September 30, 2016	$ 63.02
Average Remaining Contractual Term, Outstanding Beginning Balance	4 years 1 month 6 days	3 years 11 months 4 days	3 years 7 months 20 days
Average Remaining Contractual Term, Outstanding Ending Balance	4 years 1 month 6 days	3 years 11 months 4 days	3 years 7 months 20 days
Average Remaining Contractual Term, Exercisable as of September 30, 2016	3 years 10 months 6 days
Aggregate Intrinsic Value, Outstanding Beginning Balance	$ 945,055	$ 453,510
Aggregate Intrinsic Value, Outstanding Ending Balance	824,390	$ 945,055	$ 453,510
Aggregate Intrinsic Value, Exercisable as of September 30, 2016	$ 811,723
SARs
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number Of Shares, SARs granted	4,500	4,500
Number Of Shares, Options exercised	(2,000)	(2,000)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Weighted Average Exercise Price, SARs granted	$ 93.87	$ 73
Weighted Average Exercise Price, Options exercised	$ 32	$ 47.88

Earnings Per Common Share And33

Earnings Per Common Share And Share Awards Share Awards Share-Based Assumptions (Details)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Earnings Per Share [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	7 years	7 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Volatility Rate	28.90%	40.70%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	1.70%	2.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0.70%	0.40%

Segment Information Selected Fi

Segment Information Selected Financial Information By Segment (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)segment	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment			1
Insurance And Other Services Revenue	$ 39,401,396	$ 33,762,360	$ 95,638,111	$ 94,296,483
Investment income	1,160,983	1,117,529	3,478,999	3,427,055
Net realized gain (loss) on investments	439,326	(338,631)	574,328	601,336
Total Revenues	41,001,705	34,541,258	99,691,438	98,324,874
Operating expenses	29,623,538	28,104,760	79,187,763	83,732,755
Income (loss) before income taxes	11,378,167	6,436,498	20,503,675	14,592,119
Total assets	223,108,329	202,545,602	223,108,329	202,545,602	$ 211,522,029
Title Insurance
Segment Reporting Information [Line Items]
Insurance And Other Services Revenue	38,285,551	32,583,093	92,055,531	90,824,523
Investment income	1,079,118	1,000,839	3,206,093	3,061,857
Net realized gain (loss) on investments	439,501	(309,874)	513,624	604,093
Total Revenues	39,804,170	33,274,058	95,775,248	94,490,473
Operating expenses	28,487,268	27,001,636	75,766,983	80,214,039
Income (loss) before income taxes	11,316,902	6,272,422	20,008,265	14,276,434
Total assets	180,436,004	160,754,846	180,436,004	160,754,846
All Other
Segment Reporting Information [Line Items]
Insurance And Other Services Revenue	1,666,214	1,684,088	5,137,268	4,803,604
Investment income	140,201	140,024	424,578	435,200
Net realized gain (loss) on investments	(175)	(28,757)	60,704	(2,757)
Total Revenues	1,806,240	1,795,355	5,622,550	5,236,047
Operating expenses	1,669,217	1,590,524	4,923,205	4,798,097
Income (loss) before income taxes	137,023	204,831	699,345	437,950
Total assets	42,672,325	41,790,756	42,672,325	41,790,756
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Insurance And Other Services Revenue	(550,369)	(504,821)	(1,554,688)	(1,331,644)
Investment income	(58,336)	(23,334)	(151,672)	(70,002)
Net realized gain (loss) on investments	0	0	0	0
Total Revenues	(608,705)	(528,155)	(1,706,360)	(1,401,646)
Operating expenses	(532,947)	(487,400)	(1,502,425)	(1,279,381)
Income (loss) before income taxes	(75,758)	(40,755)	(203,935)	(122,265)
Total assets	$ 0	$ 0	$ 0	$ 0

Retirement Agreements And Oth35

Retirement Agreements And Other Postretirement Benefits (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Service cost - benefits earned during the year	$ 2,545	$ 4,187	$ 7,635	$ 12,561
Interest cost on the projected benefit obligation	8,781	7,693	26,343	23,079
Amortization of unrecognized prior service cost	0	1,098	0	3,293
Amortization of unrecognized losses	2,235	878	6,705	2,635
Net periodic benefits costs	13,561	$ 13,856	40,683	$ 41,568
Employee benefits and other payments	$ 8,463,000		$ 8,463,000		$ 7,818,000

Investments In Securities (Deta

Investments In Securities (Details)	9 Months Ended		12 Months Ended
	Sep. 30, 2016USD ($)security	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)security
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Available-for-sale securities	$ 7,139,124		$ 17,129,467
Unrealized losses	$ 115,246		$ 224,711
Number of securities with unrealized losses | security	10		30
Other-than-temporary impairment charges	$ 233,941	$ 668,904
Auction rate security bond par value			$ 1,000,000
Percentage of auction rate security guaranteed			97.00%
Minimum
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Percentage Of Carrying Value Of Auction Rate Securities			1.00%
Maximum
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Percentage Of Carrying Value Of Auction Rate Securities			4.00%

Investments In Securities (Sche

Investments In Securities (Schedule Of Gross Unrealized Gains And Losses And Amortized Cost For Securities) (Details)	Sep. 30, 2016USD ($)	Dec. 31, 2015USD ($)
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale, at fair value, Amortized Cost	$ 105,240,488	$ 102,015,826
General Obligations Of U.S. States, Territories And Political Subdivisions
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale, at fair value, Amortized Cost	31,751,299	31,883,439
Available-for-sale, at fair value, Gross Unrealized Gains	1,114,177	987,595
Available-for-sale, at fair value, Gross Unrealized Losses	2,072	11,734
Available-for-sale, at fair value, Estimated Fair Value	32,863,404	32,859,300
Special Revenue Obligations Of U.S. States, Territories And Political Subdivisions
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale, at fair value, Amortized Cost	56,651,943	52,202,815
Available-for-sale, at fair value, Gross Unrealized Gains	3,751,576	2,604,152
Available-for-sale, at fair value, Gross Unrealized Losses	15,241	26,127
Available-for-sale, at fair value, Estimated Fair Value	$ 60,388,278	$ 54,780,840
Number of Special Revenue Bonds	60	0
Corporate Debt Securities
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale, at fair value, Amortized Cost	$ 16,837,246	$ 17,004,985
Available-for-sale, at fair value, Gross Unrealized Gains	950,115	539,832
Available-for-sale, at fair value, Gross Unrealized Losses	119	58,473
Available-for-sale, at fair value, Estimated Fair Value	17,787,242	17,486,344
Auction Rate Securities
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale, at fair value, Amortized Cost		924,587
Available-for-sale, at fair value, Gross Unrealized Gains		15,313
Available-for-sale, at fair value, Gross Unrealized Losses		0
Available-for-sale, at fair value, Estimated Fair Value		939,900
Total Fixed Maturities
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale, at fair value, Amortized Cost	105,240,488	102,015,826
Available-for-sale, at fair value, Gross Unrealized Gains	5,815,868	4,146,892
Available-for-sale, at fair value, Gross Unrealized Losses	17,432	96,334
Available-for-sale, at fair value, Estimated Fair Value	111,038,924	106,066,384
Common Stocks And Nonredeemable Preferred Stocks
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale, at fair value, Amortized Cost	24,958,456	23,855,873
Available-for-sale, at fair value, Gross Unrealized Gains	14,974,237	13,785,968
Available-for-sale, at fair value, Gross Unrealized Losses	97,814	128,377
Available-for-sale, at fair value, Estimated Fair Value	39,834,879	37,513,464
Equity Securities
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale, at fair value, Amortized Cost	24,958,456	23,855,873
Available-for-sale, at fair value, Gross Unrealized Gains	14,974,237	13,785,968
Available-for-sale, at fair value, Gross Unrealized Losses	97,814	128,377
Available-for-sale, at fair value, Estimated Fair Value	39,834,879	37,513,464
Certificates Of Deposit And Other
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale, at fair value, Amortized Cost	3,925,296	6,865,406
Available-for-sale, at fair value, Gross Unrealized Gains	0	0
Available-for-sale, at fair value, Gross Unrealized Losses	0	0
Available-for-sale, at fair value, Estimated Fair Value	3,925,296	6,865,406
Short-Term Investments
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale, at fair value, Amortized Cost	3,925,296	6,865,406
Available-for-sale, at fair value, Gross Unrealized Gains	0	0
Available-for-sale, at fair value, Gross Unrealized Losses	0	0
Available-for-sale, at fair value, Estimated Fair Value	$ 3,925,296	$ 6,865,406

Investments In Securities (Sc38

Investments In Securities (Schedule Of Fixed Maturity Securities) (Details)	Sep. 30, 2016USD ($)
Investments, Debt and Equity Securities [Abstract]
Due in one year or less, Amortized Cost	$ 20,245,762
Due after one year through five years, Amortized Cost	34,757,122
Due five years through ten years, Amortized Cost	48,247,411
Due after ten years, Amortized Cost	1,990,193
Total, Amortized Cost	105,240,488
Due in one year or less, Fair Value	20,383,264
Due after one year through five years, Fair Value	36,493,362
Due five years through ten years, Fair Value	51,501,388
Due after ten years, Fair Value	2,660,910
Total, Fair Value	$ 111,038,924

Investments In Securities (Sc39

Investments In Securities (Schedule Of Gross Realized Gains And Losses On Securities) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Schedule of Available-for-sale Securities [Line Items]
Total, Gross realized gains			$ 955,824	$ 1,441,803
Total, Gross realized losses			(404,247)	(720,637)
Net realized gain from securities			551,577	721,166
Other Asset Impairment Charges			0	(233,069)
Gain on other investments			22,751	113,239
Total			22,751	(119,830)
Net realized gain on investments	$ 439,326	$ (338,631)	574,328	601,336
Issuer Obligations Of U S States Territories And Political Subdivisions Special Revenue [Member]
Schedule of Available-for-sale Securities [Line Items]
Total, Gross realized gains			161	0
Total, Gross realized losses			(1,085)	(397)
Corporate Debt Securities
Schedule of Available-for-sale Securities [Line Items]
Total, Gross realized gains			20	5,417
Common Stocks And Nonredeemable Preferred Stocks
Schedule of Available-for-sale Securities [Line Items]
Total, Gross realized gains			880,647	1,436,386
Total, Gross realized losses			(168,688)	(39,017)
Auction Rate Securities
Schedule of Available-for-sale Securities [Line Items]
Total, Gross realized gains			74,996	0
General Obligations Of U.S. States, Territories And Political Subdivisions
Schedule of Available-for-sale Securities [Line Items]
Total, Gross realized losses			(533)	(12,319)
Impairments of Debt And Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Total, Gross realized losses			$ (233,941)	$ (668,904)

Investments In Securities (Sc40

Investments In Securities (Schedule Of Unrealized Losses On Investments) (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Total temporarily impaired securities, Less than 12 Months, Fair Value	$ 7,139,124	$ 15,945,504
Total temporarily impaired securities, Less than 12 Months, Unrealized Losses	(115,246)	(203,722)
Total temporarily impaired securities, 12 Months or Longer, Fair Value	0	1,183,963
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	(20,989)
Total temporarily impaired securities, Total Fair Value	7,139,124	17,129,467
Total temporarily impaired securities, Unrealized Losses	(115,246)	(224,711)
General Obligations Of U.S. States, Territories And Political Subdivisions
Schedule of Available-for-sale Securities [Line Items]
Total temporarily impaired securities, Less than 12 Months, Fair Value	3,594,415	1,758,345
Total temporarily impaired securities, Less than 12 Months, Unrealized Losses	(2,072)	(11,734)
Total temporarily impaired securities, 12 Months or Longer, Fair Value	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	0
Total temporarily impaired securities, Total Fair Value	3,594,415	1,758,345
Total temporarily impaired securities, Unrealized Losses	(2,072)	(11,734)
Special Revenue Obligations Of U.S. States, Territories And Political Subdivisions
Schedule of Available-for-sale Securities [Line Items]
Total temporarily impaired securities, Less than 12 Months, Fair Value	1,737,905	1,672,217
Total temporarily impaired securities, Less than 12 Months, Unrealized Losses	(15,241)	(5,138)
Total temporarily impaired securities, 12 Months or Longer, Fair Value	0	1,183,963
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	(20,989)
Total temporarily impaired securities, Total Fair Value	1,737,905	2,856,180
Total temporarily impaired securities, Unrealized Losses	(15,241)	(26,127)
Corporate Debt Securities
Schedule of Available-for-sale Securities [Line Items]
Total temporarily impaired securities, Less than 12 Months, Fair Value	999,820	6,981,275
Total temporarily impaired securities, Less than 12 Months, Unrealized Losses	(119)	(58,473)
Total temporarily impaired securities, 12 Months or Longer, Fair Value	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	0
Total temporarily impaired securities, Total Fair Value	999,820	6,981,275
Total temporarily impaired securities, Unrealized Losses	(119)	(58,473)
Total Fixed Income Securities
Schedule of Available-for-sale Securities [Line Items]
Total temporarily impaired securities, Less than 12 Months, Fair Value	6,332,140	10,411,837
Total temporarily impaired securities, Less than 12 Months, Unrealized Losses	(17,432)	(75,345)
Total temporarily impaired securities, 12 Months or Longer, Fair Value	0	1,183,963
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	(20,989)
Total temporarily impaired securities, Total Fair Value	6,332,140	11,595,800
Total temporarily impaired securities, Unrealized Losses	(17,432)	(96,334)
Equity Securities
Schedule of Available-for-sale Securities [Line Items]
Total temporarily impaired securities, Less than 12 Months, Fair Value	806,984	5,533,667
Total temporarily impaired securities, Less than 12 Months, Unrealized Losses	(97,814)	(128,377)
Total temporarily impaired securities, 12 Months or Longer, Fair Value	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	0
Total temporarily impaired securities, Total Fair Value	806,984	5,533,667
Total temporarily impaired securities, Unrealized Losses	$ (97,814)	$ (128,377)

Investments In Securities Inves

Investments In Securities Investments In Securities (Schedule of Variable Interest Entities) (Details) - Other investments	Sep. 30, 2016USD ($)
Variable Interest Entity [Line Items]
Carrying Value	$ 8,058,966
Estimated Fair Value	7,533,041
Maximum Potential Loss	16,775,000
Tax credit LPs
Variable Interest Entity [Line Items]
Carrying Value	1,137,346
Estimated Fair Value	1,137,346
Maximum Potential Loss	1,325,000
Real estate LLCs or LPs
Variable Interest Entity [Line Items]
Carrying Value	3,838,897
Estimated Fair Value	4,323,037
Maximum Potential Loss	6,350,000
Small business investment LPs
Variable Interest Entity [Line Items]
Carrying Value	3,082,723
Estimated Fair Value	2,072,658
Maximum Potential Loss	$ 9,100,000

Investments In Securities Inv42

Investments In Securities Investments In Securities (Schedule Of Fair Value Assets Measured On Recurring Basis) (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term Investments	$ 3,925,296	$ 6,865,406
Available-for-sale Securities, Equity Securities	39,834,879	37,513,464
Available-for-sale Securities, Debt Securities	111,038,924	106,066,384
Assets, Fair Value Disclosure	154,799,099	150,445,254
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term Investments	3,925,296	6,865,406
Assets, Fair Value Disclosure	43,760,175	44,378,870
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term Investments	0	0
Assets, Fair Value Disclosure	111,038,924	105,126,484
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term Investments	0	0
Assets, Fair Value Disclosure	0	939,900
Common Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Equity Securities	39,834,879	37,513,464
Common Stock | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Equity Securities	39,834,879	37,513,464
Common Stock | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Equity Securities	0	0
Common Stock | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Equity Securities	0	0
General Obligations Of U.S. States, Territories And Political Subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Debt Securities	93,251,682	87,640,140
General Obligations Of U.S. States, Territories And Political Subdivisions | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Debt Securities	0	0
General Obligations Of U.S. States, Territories And Political Subdivisions | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Debt Securities	93,251,682	87,640,140
General Obligations Of U.S. States, Territories And Political Subdivisions | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Debt Securities	0	0
Corporate Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Debt Securities	17,787,242	18,426,244
Corporate Debt Securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Debt Securities	0	0
Corporate Debt Securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Debt Securities	17,787,242	17,486,344
Corporate Debt Securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Debt Securities	$ 0	$ 939,900

Investments In Securities Inv43

Investments In Securities Investments in Securities (Schedule of Carrying Value and Fair Value of Financial Assets Disclosed) (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash	$ 26,898,991	$ 21,790,068
Cost-basis investments	0	0
Accrued dividends and interest	1,389,526	1,004,126
Total	28,288,517	22,794,194
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash	0	0
Cost-basis investments	0	0
Accrued dividends and interest	0	0
Total	0	0
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash	0	0
Cost-basis investments	4,367,372	3,684,020
Accrued dividends and interest	0	0
Total	4,367,372	3,684,020
Reported Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash	26,898,991	21,790,068
Cost-basis investments	4,119,328	3,588,314
Accrued dividends and interest	1,389,526	1,004,126
Total	32,407,845	26,382,508
Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash	26,898,991	21,790,068
Cost-basis investments	4,367,372	3,684,020
Accrued dividends and interest	1,389,526	1,004,126
Total	$ 32,655,889	$ 26,478,214

Investments In Securities Inv44

Investments In Securities Investments In Securities (Schedule Of Fair Value Assets Measured At Unobservable Inputs Reconciliation) (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	$ 0	$ 939,900	$ 939,100
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases, (Sales), Issuances, (Settlements)	(1,000,000)	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	74,996	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	$ (14,896)	$ 800

Investments In Securities Inv45

Investments In Securities Investments In Securities (Schedule Of Estimated Fair Value Hierarchy Of Investments And Related Impairments Recognized) (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	$ 0	$ 163,350
Impaired Assets to be Disposed of by Method Other than Sale, Amount of Impairment Loss	0	(233,069)
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	$ 0	$ 163,350
Cost-method Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value assets measured on non-recurring basis valuation method	Fair Value	Fair Value
Fair Value Assets Measured On Non Recurring Basis Impaired Yes Or No	No	Yes
Investments, Fair Value Disclosure	$ 0	$ 163,350
Impaired Assets to be Disposed of by Method Other than Sale, Amount of Impairment Loss	0	(233,069)
Cost-method Investments [Member] | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	0	0
Cost-method Investments [Member] | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	0	0
Cost-method Investments [Member] | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	$ 0	$ 163,350

Commitments And Contingencies (

Commitments And Contingencies (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015	Dec. 31, 2014
Loss Contingencies [Line Items]
Like-kind exchange deposits and reverse exchange property	$ 193,782,000	$ 171,010,000
Independence Title [Member]
Loss Contingencies [Line Items]
Net Premiums Written Percentage	5.60%	10.30%	23.60%

Related Party Transactions Summ

Related Party Transactions Summary Of Approximate Values By Year Found Within Consolidated Balance Sheets (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Other investments	$ 10,626,505	$ 10,106,828
Premiums and fees receivable	9,358,570	8,392,697
Title Insurance Agencies
Related Party Transaction [Line Items]
Other investments	6,507,000	6,519,000
Premiums and fees receivable	$ 78,000	$ 719,000

Related Party Transactions Su48

Related Party Transactions Summary Of Approximate Values By Year Found Within Consolidated Statements Of Income (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Related Party Transaction [Line Items]
Net premiums written	$ 36,511,373	$ 30,945,532	$ 87,810,602	$ 86,372,154
Other income	2,890,023	2,816,828	7,827,509	7,924,329
Commissions to agents	18,739,151	16,898,323	45,946,379	48,393,553
Title Insurance Agencies
Related Party Transaction [Line Items]
Net premiums written	4,513,000	3,451,000	10,993,000	10,436,000
Other income	809,000	716,000	1,541,000	2,230,000
Commissions to agents	$ 3,062,000	$ 2,326,000	$ 7,465,000	$ 7,176,000

Accumulated Other Comprehensi49

Accumulated Other Comprehensive Income Balances Of Each Component Of Accumulated Other Comprehensive Income, Net Of Tax (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 14,219,544	$ 11,023,797	$ 11,483,015	$ 12,856,509
Other comprehensive income before reclassifications	(489,001)	(1,549,501)	2,325,045	(2,777,909)
Amounts reclassified from accumulated other comprehensive income	(280,985)	132,155	(358,502)	(472,149)
Other comprehensive (loss) income	(769,986)	(1,417,346)	1,966,543	(3,250,058)
Ending balance	13,449,558	9,606,451	13,449,558	9,606,451
Unrealized Gains And Losses On Available-For-Sale Securities
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	14,331,320	11,099,177	11,597,741	12,934,497
Other comprehensive income before reclassifications	(489,001)	(1,549,501)	2,325,045	(2,777,909)
Amounts reclassified from accumulated other comprehensive income	(282,461)	130,851	(362,928)	(476,061)
Other comprehensive (loss) income	(771,462)	(1,418,650)	1,962,117	(3,253,970)
Ending balance	13,559,858	9,680,527	13,559,858	9,680,527
Postretirement Benefits Plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(111,776)	(75,380)	(114,726)	(77,988)
Other comprehensive income before reclassifications	0	0	0	0
Amounts reclassified from accumulated other comprehensive income	1,476	1,304	4,426	3,912
Other comprehensive (loss) income	1,476	1,304	4,426	3,912
Ending balance	$ (110,300)	$ (74,076)	$ (110,300)	$ (74,076)

Accumulated Other Comprehensi50

Accumulated Other Comprehensive Income Reclassification Out Of Accumulated Other Comprehensive Income (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net realized gain (loss) on investment	$ 439,326	$ (338,631)	$ 574,328	$ 601,336
Prior year service cost	0	1,098	0	3,293
Unrecognized loss	(2,235)	(878)	(6,705)	(2,635)
Income before Income Taxes	11,378,167	6,436,498	20,503,675	14,592,119
Tax	(3,249,000)	(1,941,000)	(6,040,000)	(4,250,000)
Net Income	8,129,167	4,495,498	14,463,675	10,342,119
Reclassification Out Of Accumulated Other Comprehensive Income
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net Income	280,985	(132,155)	358,502	472,149
Reclassification Out Of Accumulated Other Comprehensive Income | Unrealized Gains And Losses On Available-For-Sale Securities
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net realized gain (loss) on investment	545,925	458,058	785,517	1,390,070
Other-than-temporary impairments	(118,703)	(657,755)	(233,941)	(668,904)
Income before Income Taxes	427,222	(199,697)	551,576	721,166
Tax	(144,761)	68,846	(188,648)	(245,105)
Net Income	282,461	(130,851)	362,928	476,061
Reclassification Out Of Accumulated Other Comprehensive Income | Postretirement Benefits Plans
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Prior year service cost	0	(1,098)	0	(3,293)
Unrecognized loss	(2,235)	(878)	(6,705)	(2,635)
Income before Income Taxes	(2,235)	(1,976)	(6,705)	(5,928)
Tax	759	672	2,279	2,016
Net Income	$ (1,476)	$ (1,304)	$ (4,426)	$ (3,912)