INVESTORS TITLE CO
For the period ended Jun 30, 2024. Filed Aug 9, 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.
Jun 30, 2024 · Filed Aug 9, 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 June 30, 2024 and December 31, 2023
| June 30,2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $26,686 | $24,031 |
| Investments: | ||
| Fixed maturity securities, available-for-sale, at fair value (amortized cost: June 30, 2024: $93,334; December 31, 2023: $63,106) | 93,479 | 63,847 |
| Equity securities, at fair value (cost: June 30, 2024: $23,365; December 31, 2023: $22,981) | 36,837 | 37,212 |
| Short-term investments | 84,480 | 110,224 |
| Other investments | 21,670 | 17,385 |
| Total investments | 236,466 | 228,668 |
| Premiums and fees receivable | 13,478 | 13,338 |
| Accrued interest and dividends | 1,321 | 978 |
| Prepaid expenses and other receivables | 10,829 | 13,525 |
| Property, net | 26,516 | 23,886 |
| Goodwill and other intangible assets, net | 15,630 | 16,249 |
| Lease assets | 6,205 | 6,303 |
| Other assets | 2,643 | 2,500 |
| Current income taxes recoverable | 558 | 1,081 |
| Total Assets | $340,332 | $330,559 |
| Liabilities and Stockholders’ Equity | ||
| Liabilities: | ||
| Reserve for claims | $37,204 | $37,147 |
| Accounts payable and accrued liabilities | 31,469 | 31,864 |
| Lease liabilities | 6,427 | 6,449 |
| Deferred income taxes, net | 3,416 | 3,546 |
| Total liabilities | 78,516 | 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 June 30, 2024 and December 31, 2023, respectively, excluding in each period 292 shares of common stock held by the Company) | — | — |
| Retained earnings | 261,648 | 250,915 |
| Accumulated other comprehensive income | 168 | 638 |
| Total stockholders' equity | 261,816 | 251,553 |
| Total Liabilities and Stockholders’ Equity | $340,332 | $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.