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 Statements of Operations For the
Consolidated Statements of Operations
(in thousands, except per share amounts)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues: | ||
| Net premiums written | $40,180 | $38,966 |
| Escrow and other title-related fees | 3,723 | 3,655 |
| Non-title services | 4,304 | 5,312 |
| Interest and dividends | 2,520 | 2,074 |
| Other investment income | 111 | 753 |
| Net investment gains | 2,422 | 443 |
| Other | 199 | 140 |
| Total Revenues | 53,459 | 51,343 |
| Operating Expenses: | ||
| Commissions to agents | 19,870 | 19,326 |
| Provision for claims | 910 | 1,068 |
| Personnel expenses | 18,582 | 20,820 |
| Office and technology expenses | 4,465 | 4,400 |
| Other expenses | 3,835 | 4,168 |
| Total Operating Expenses | 47,662 | 49,782 |
| Income before Income Taxes | 5,797 | 1,561 |
| Provision for Income Taxes | 1,272 | 380 |
| Net Income | $4,525 | $1,181 |
| Basic Earnings per Common Share | $2.40 | $0.62 |
| Weighted Average Shares Outstanding – Basic | 1,888 | 1,897 |
| Diluted Earnings per Common Share | $2.40 | $0.62 |
| Weighted Average Shares Outstanding – Diluted | 1,889 | 1,897 |
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