INVESTORS TITLE CO

For the period ended Sep 30, 2024. Filed Nov 7, 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.

Sep 30, 2024 · Filed Nov 7, 2024

ITIC$270.43+4.1%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations For the

Consolidated Statements of Operations

(in thousands, except per share amounts)

	Three Months EndedSeptember 30,		Nine Months EndedSeptember 30,
	2024	2023	2024	2023
Revenues:
Net premiums written	$54,855	$49,822	$146,451	$132,793
Escrow and other title-related fees	4,574	4,683	13,098	12,942
Non-title services	4,305	4,636	12,913	14,513
Interest and dividends	2,736	2,313	7,824	6,537
Other investment income	995	514	1,996	2,915
Net investment gains (losses)	976	(815)	4,640	720
Other	388	257	748	647
Total Revenues	68,829	61,410	187,670	171,067
Operating Expenses:
Commissions to agents	29,089	23,806	75,509	63,735
Provision for claims	1,668	1,838	3,483	3,897
Personnel expenses	18,057	19,083	54,793	58,451
Office and technology expenses	4,388	4,209	13,161	13,122
Other expenses	4,039	3,864	12,072	11,845
Total Operating Expenses	57,241	52,800	159,018	151,050
Income before Income Taxes	11,588	8,610	28,652	20,017
Provision for Income Taxes	2,273	1,526	5,941	4,167
Net Income	$9,315	$7,084	$22,711	$15,850
Basic Earnings per Common Share	$4.94	$3.75	$12.05	$8.37
Weighted Average Shares Outstanding – Basic	1,884	1,891	1,885	1,894
Diluted Earnings per Common Share	$4.92	$3.75	$12.02	$8.37
Weighted Average Shares Outstanding – Diluted	1,893	1,891	1,889	1,894

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.