INVESTORS TITLE CO

For the period ended Jun 30, 2024. Filed Aug 9, 2024.

About this filing

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

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Contents

Consolidated Statements of Operations For the

Consolidated Statements of Operations

(in thousands, except per share amounts)

	Three Months EndedJune 30,		Six Months EndedJune 30,
	2024	2023	2024	2023
Revenues:
Net premiums written	$51,416	$44,005	$91,596	$82,971
Escrow and other title-related fees	4,801	4,604	8,524	8,259
Non-title services	4,304	4,565	8,608	9,877
Interest and dividends	2,568	2,150	5,088	4,224
Other investment income	890	1,648	1,001	2,401
Net investment gains	1,242	1,092	3,664	1,535
Other	161	250	360	390
Total Revenues	65,382	58,314	118,841	109,657
Operating Expenses:
Commissions to agents	26,550	20,603	46,420	39,929
Provision for claims	905	991	1,815	2,059
Personnel expenses	18,154	18,548	36,736	39,368
Office and technology expenses	4,308	4,513	8,773	8,913
Other expenses	4,198	3,813	8,033	7,981
Total Operating Expenses	54,115	48,468	101,777	98,250
Income before Income Taxes	11,267	9,846	17,064	11,407
Provision for Income Taxes	2,396	2,261	3,668	2,641
Net Income	$8,871	$7,585	$13,396	$8,766
Basic Earnings per Common Share	$4.71	$4.00	$7.10	$4.62
Weighted Average Shares Outstanding – Basic	1,884	1,895	1,886	1,896
Diluted Earnings per Common Share	$4.70	$4.00	$7.10	$4.62
Weighted Average Shares Outstanding – Diluted	1,886	1,896	1,887	1,896

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.