INVESTORS TITLE CO
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
ITIC$259.84+1.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of
Consolidated Balance Sheets
As of March 31, 2024 and December 31, 2023
| March 31,2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $21,613 | $24,031 |
| Investments: | ||
| Fixed maturity securities, available-for-sale, at fair value (amortized cost: March 31, 2024: $62,277; December 31, 2023: $63,106) | 62,647 | 63,847 |
| Equity securities, at fair value (cost: March 31, 2024: $22,647; December 31, 2023: $22,981) | 36,708 | 37,212 |
| Short-term investments | 113,379 | 110,224 |
| Other investments | 21,758 | 17,385 |
| Total investments | 234,492 | 228,668 |
| Premiums and fees receivable | 12,911 | 13,338 |
| Accrued interest and dividends | 1,090 | 978 |
| Prepaid expenses and other receivables | 8,843 | 13,525 |
| Property, net | 25,325 | 23,886 |
| Goodwill and other intangible assets, net | 15,910 | 16,249 |
| Lease assets | 6,679 | 6,303 |
| Other assets | 2,631 | 2,500 |
| Current income taxes recoverable | — | 1,081 |
| Total Assets | $329,494 | $330,559 |
| Liabilities and Stockholders’ Equity | ||
| Liabilities: | ||
| Reserve for claims | $37,316 | $37,147 |
| Accounts payable and accrued liabilities | 27,732 | 31,864 |
| Lease liabilities | 6,828 | 6,449 |
| Current income taxes payable | 282 | — |
| Deferred income taxes, net | 3,374 | 3,546 |
| Total liabilities | 75,532 | 79,006 |
| Commitments and Contingencies | — | — |
| Stockholders’ Equity: | ||
| Preferred stock (1,000 authorized shares; no shares issued) | — | — |
| Common stock – no par value (10,000 authorized shares; 1,884 and 1,891 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively, excluding in each period 292 shares of common stock held by the Company) | — | — |
| Retained earnings | 253,616 | 250,915 |
| Accumulated other comprehensive income | 346 | 638 |
| Total stockholders' equity | 253,962 | 251,553 |
| Total Liabilities and Stockholders’ Equity | $329,494 | $330,559 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.