- --------------- (1) Our financial results for the year ended December 31, 2000 include the operations of Chicago Title for the period from March 20, 2000, the merger date, through December 31, 2000. In the first quarter of 2000, we recorded certain non-recurring charges totaling $13.4 million, after applicable taxes.
(4) During 1997, we recognized an extraordinary loss of $1.7 million, net of income taxes of $1.2 million, related to the early retirement of $45.0 million maturity value of our Liquid Yield Option Notes.
(7) Includes title insurance premiums and escrow and other title related fees.
increase in total revenue from 1999 to 2000 is primarily the result of the merger of Chicago Title on March 20, 2000. The increase in total revenue from 1998 to 1999 is primarily the result of continued strength in our core title and real estate related service operations, which were positively impacted by favorable market conditions leading to an increase in real estate activity. The increased real estate activity combined with acquisitions of real estate related service companies and the integration of those real estate related service operations into our core businesses, also contributed to increased revenue.
intangible assets consist of cost in excess of net assets acquired of $822.8 million less accumulated amortization of $52.7 million, capitalized software costs of $33.6 million less accumulated amortization of $17.0 million and capitalized debt offering costs of $13.5 million less accumulated amortization of $3.6 million. Intangible assets at December 31, 1999 consist of cost in excess of net assets acquired of $67.3 million less accumulated amortization of $13.7 million, capitalized software of $18.3 million less accumulated amortization of $10.0 million and capitalized debt offering costs of $2.1 million less accumulated amortization of $1.1 million.
The credit agreement and other debt facilities impose certain affirmative and negative covenants on the Company relating to current debt ratings, certain financial ratios related to liquidity, net worth, capitalization, investments, acquisitions and restricted payments, and certain dividend restrictions. The Company is in compliance with all of its debt covenants as of December 31, 2000.
Pursuant to statutory requirements of the various states in which the Company's title insurance subsidiaries are domiciled, they must maintain certain levels of minimum capital and surplus. Each of the Company's title underwriters has complied with the minimum statutory requirements as of December 31, 2000.
The Company assumed certain health care and life insurance benefits for retired Chicago Title employees in connection with the Chicago Title merger. The costs of these benefit plans are accrued during the periods the employees render service.
The Company's postretirement health care and life insurance costs included in the results of operations from the period April 1, 2000 to December 31, 2000 are as follows:
The corporate segment consists of the operations of the parent holding company, as well as the operations of Micro General Corporation, FNF Capital, Inc. and Express Network, Inc., which was sold in the second quarter of 2000, as well as the issuance and repayment of corporate debt obligations. The non-recurring charges of $13.4 million that were recorded during the first quarter of 2000 primarily relate to the corporate segment.