INVESTORS TITLE CO

For the period ended Dec 31, 2025. Filed Mar 16, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 16, 2026

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

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Contents

Item 8. Consolidated Statements of Cash Flows

For the Years Ended December 31,	2025	2024	2023
Operating Activities
Net income	$35,180	$31,073	$21,686
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	3,624	3,320	2,760
Accretion of investments, net	(1,472)	(3,424)	(3,698)
Amortization of other intangible assets, net	797	1,178	1,361
Share-based compensation expense related to stock appreciation rights	543	394	425
Net gains on disposals of property	(45)	(221)	(204)
Net investment gains	(3,177)	(4,683)	(3,448)
Net earnings from other investments	(2,269)	(1,811)	(3,206)
Net gain on sale of other assets	(2,768)	—	—
Provision for claims	4,607	4,530	4,762
Provision for deferred income taxes	2,877	624	(4,234)
Changes in assets and liabilities:
(Increase) decrease in premium and fees receivable	(1,072)	(2,716)	5,709
(Increase) decrease in other assets	(7,697)	2,635	621
(Increase) decrease in lease assets	(1,628)	147	404
(Increase) decrease in current income taxes recoverable	(1,678)	1,081	93
Increase (decrease) in lease liabilities	1,694	(93)	(10,408)
Increase (decrease) in accounts payable and accrued liabilities	7,274	2,147	(390)
(Decrease) increase in current income taxes payable	(276)	276	—
Payments of claims, net of recoveries	(3,575)	(4,617)	(4,807)
Net cash provided by operating activities	30,939	29,840	7,426
Investing Activities
Purchases of fixed maturity securities	(60,378)	(66,726)	(20,339)
Purchases of equity securities	(14,360)	(11,053)	(11,969)
Purchases of short-term investments	(100,821)	(115,924)	(174,742)
Purchases of other investments	(3,937)	(5,654)	(3,006)
Purchase of subsidiary	(4,536)	—	—
Proceeds from sales and maturities of fixed maturity securities	57,000	17,855	10,937
Proceeds from sales of equity securities	16,405	13,215	30,216
Proceeds from sales and maturities of short-term investments	91,905	170,407	166,362
Proceeds from sales and distributions of other investments	8,940	6,775	4,499
Purchases of property, equipment and software	(5,556)	(7,423)	(9,186)
Proceeds from disposals of property	515	275	529
Net cash (used in) provided by investing activities	(14,823)	1,747	(6,699)

Consolidated Statements of Cash Flows, continued
For the Years Ended December 31,	2025	2024	2023
Financing Activities
Repurchases of common stock	—	(1,099)	(959)
Dividends paid	(19,932)	(29,865)	(11,048)
Net cash used in financing activities	(19,932)	(30,964)	(12,007)

Supplemental Disclosures:
Net (Decrease) Increase in Cash and Cash Equivalents	(3,816)	623	(11,280)
Cash and Cash Equivalents, Beginning of Period	24,654	24,031	35,311
Cash and Cash Equivalents, End of Period	$20,838	$24,654	$24,031
Cash Paid During the Year for:
Income tax payments, net	$8,412	$6,620	$8,688
Non Cash Investing and Financing Activities:
Non cash net unrealized (gain) loss on investments, net of deferred tax (expense) benefit of $(188), $74, and $(109) for December 31, 2025, 2024, and 2023, respectively	$(692)	$283	$(419)
Adjustments to postretirement benefits obligation, net of deferred tax expense of $(11), $0, and $(5) for December 31, 2025, 2024, and 2023, respectively	$(44)	$—	$(19)
Non cash 1031 exchange proceeds receivable	$—	$—	$(2,589)

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