Segment Reporting: ASC 280-10, Disclosures About Segments of an Enterprise and Related Information (ASC 280-10), establishes standards for reporting information about operating segments. ASC 280-10 requires that a public business enterprise reports financial and descriptive information about its reportable operating segments. Operating segments are components of an enterprise for which separate financial information is available that is evaluated regularly by the chief operating decision maker (CODM) in deciding how to allocate resources and in assessing performance. The Companys President and CEO is identified as the CODM as defined by ASC 280-10. The operating segments of the Company are the following: Insurance, Energy and Specialized Markets, and Financial Services. These three operating segments are also the Company's reportable segments. Each of the reportable segments, Insurance, Energy and Specialized Markets, and Financial Services has a portion of its revenue from more than one of the three revenue types described within the Company's revenue recognition policy. Below is the overview of the solutions offered within each reportable segment. Insurance: The Company is the leading provider of statistical, actuarial and underwriting data for the U.S. P&amp;C insurance industry. The Companys databases include cleansed and standardized records describing premiums and losses in insurance transactions, casualty and property risk attributes for commercial buildings and their occupants and fire suppression capabilities of municipalities. The Company uses this data to create policy language and proprietary risk classifications that are industry standards and to generate prospective loss cost estimates used to price insurance policies, which are accessed via a hosted platform. The Company also develops solutions that its customers use to analyze key processes in managing risk. The Companys combination of algorithms and analytic methods incorporates its proprietary data to generate solutions. In most cases, the Companys customers integrate the solutions into their models, formulas or underwriting criteria in order to predict potential loss events, ranging from hurricanes to earthquakes. The Company develops catastrophe and extreme event models and offers solutions covering natural and man-made risks, including acts of terrorism. The Company further develops solutions that allow customers to quantify costs after loss events occur. The Company's multitier, multispectral terrestrial imagery and data acquisition, processing, analytics, and distribution system using the remote sensing and machine learning technologies help gather, store, process, and deliver geographic and spatially referenced information that supports uses in many markets. Additionally, the Company offers fraud-detection solutions including review of data on claim histories, analysis of claims to find emerging patterns of fraud, and identification of suspicious claims in the insurance sector. The Companys underwriting &amp; rating, insurance anti-fraud claims, catastrophe modeling, loss quantification and aerial imagery solutions are included in this segment. Energy and Specialized Markets: The Company is a leading provider of data analytics via hosted platform for the global energy, chemicals, and metals and mining industries. Its research and consulting solutions focus on exploration strategies and screening, asset development and acquisition, commodity markets, and corporate analysis in the areas of business environment, business improvement, business strategies, commercial advisory, and transaction support. The Company gathers and manages proprietary information, insight, and analysis on oil and gas fields, mines, refineries and other assets across the interconnected global energy sectors to advise customers in making asset investment and portfolio allocation decisions. The Company also helps businesses and governments better anticipate and manage climate and weather-related risks. The Company's analytical tools measure and observe environmental properties and translate those measurements into actionable information based on customer needs. The Company further offers a suite of data and information services that enable improved compliance with global Environmental Health and Safety requirements related to the safe manufacturing, distribution, transportation, usage, and disposal of chemicals and products. The Companys energy business, environmental health and safety services and, weather risk solutions are included in this segment. Financial Services: The Company maintains a bank account consortia to provide competitive benchmarking, decisioning algorithms, business intelligence, and customized analytic services that help financial institutions, payment networks and processors, alternative lenders, regulators and merchants make better strategy, marketing, and risk decisions. Customers apply the Company's solutions in the areas of tailored data management and media effectiveness that include business intelligence platforms, profile views, mobile data solutions, enterprise database services, and fraud risk scoring algorithms for marketing, fraud, and risk mitigation. In addition, the Company's bankruptcy management solutions assist creditors, debt servicing businesses and credit services to enhance regulatory compliance by eliminating stay violation and portfolio valuation risk. As of July 15, 2019, the Company sold its retail analytics solution business for $2.0 million excluding contingent and indemnity escrows of $0.4 million . The sale resulted in a loss of $6.2 million that was included within "Investment (loss) income and others, net" in the accompanying condensed consolidated statements of operations for the three and nine months ended September 30, 2019 . The three aforementioned operating segments represent the segments for which discrete financial information is available and upon which operating results are regularly evaluated by the CODM in order to assess performance and allocate resources. The Company uses EBITDA as the profitability measure for making decisions regarding ongoing operations. EBITDA is net income before interest expense, provision for income taxes, depreciation and amortization of fixed and intangible assets. EBITDA is the measure of operating results used to assess corporate performance and optimal utilization of debt and acquisitions. Operating expenses consist of direct and indirect costs principally related to personnel, facilities, software license fees, consulting, travel, and third-party information services. Indirect costs are generally allocated to the segments using fixed rates established by management based upon estimated expense contribution levels and other assumptions that management considers reasonable. The Company does not allocate interest expense and provision for income taxes, since these items are not considered in evaluating the segments overall operating performance. In addition, the CODM does not evaluate the financial performance of each segment based on assets. See Note 3. Revenues for information on disaggregated revenues by type of service and by country. The following table provides the Companys revenue and EBITDA by reportable segment for the three and nine months ended September 30, 2019 and 2018 , and the reconciliation of EBITDA to income before income taxes as shown in the accompanying condensed consolidated statements of operations: For the Three Months Ended September 30, 2019 September 30, 2018 Insurance Energy and Specialized Markets Financial Services Total Insurance Energy and Specialized Markets Financial Services Total Revenues $ 466.8 $ 142.5 $ 43.4 $ 652.7 $ 427.7 $ 127.7 $ 43.3 $ 598.7 Expenses: Cost of revenues (exclusive of items shown separately below) (158.6 ) (60.0 ) (24.3 ) (242.9 ) (142.1 ) (53.2 ) (23.9 ) (219.2 ) Selling, general and administrative (195.5 ) (54.7 ) (4.8 ) (255.0 ) (57.5 ) (34.1 ) (4.1 ) (95.7 ) Investment (loss) income and others, net (0.5 ) 1.2 (6.2 ) (5.5 ) 12.0 0.8 1.3 14.1 EBITDA $ 112.2 $ 29.0 $ 8.1 149.3 $ 240.1 $ 41.2 $ 16.6 297.9 Depreciation and amortization of fixed assets (45.8 ) (39.5 ) Amortization of intangible assets (33.3 ) (33.2 ) Interest expense (31.3 ) (32.4 ) Income before income taxes $ 38.9 $ 192.8 For the Nine Months Ended September 30, 2019 September 30, 2018 Insurance Energy and Specialized Markets Financial Services Total Insurance Energy and Specialized Markets Financial Services Total Revenues $ 1,386.5 $ 413.1 $ 130.7 $ 1,930.3 $ 1,269.7 $ 383.1 $ 128.4 $ 1,781.2 Expenses: Cost of revenues (exclusive of items shown separately below) (467.6 ) (176.2 ) (73.2 ) (717.0 ) (422.2 ) (164.7 ) (75.3 ) (662.2 ) Selling, general and administrative (330.1 ) (132.9 ) (15.7 ) (478.7 ) (163.3 ) (103.6 ) (14.1 ) (281.0 ) Investment (loss) income and others, net (0.6 ) 0.5 (6.4 ) (6.5 ) 16.2 1.2 1.9 19.3 EBITDA $ 588.2 $ 104.5 $ 35.4 728.1 $ 700.4 $ 116.0 $ 40.9 857.3 Depreciation and amortization of fixed assets (138.0 ) (121.6 ) Amortization of intangible assets (100.1 ) (98.5 ) Interest expense (93.7 ) (97.1 ) Income before income taxes $ 396.3 $ 540.1 Long-lived assets by country are provided below: September 30, 2019 December 31, 2018 Long-lived assets: U.S $ 2,554.4 $ 2,335.8 U.K. 2,477.4 2,595.5 Other countries 426.3 324.5 Total long-lived assets $ 5,458.1 $ 5,255.8