INVESTORS TITLE CO
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
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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.
Sep 30, 2026 · Filed Nov 9, 2026
ITIC$270.43+4.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows For the
Consolidated Statements of Cash Flows
For the Nine Months Ended September 30, 2026 and 2025
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating Activities | ||
| Net income | $30,130 | $27,663 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation | 2,633 | 2,755 |
| Accretion of investments, net | (1,038) | (1,126) |
| Amortization of other intangible assets, net | 865 | 561 |
| Share-based compensation expense related to stock appreciation rights | 411 | 399 |
| Net gains on disposals of property | (66) | (10) |
| Net investment gains | (3,662) | (2,982) |
| Net gains on sale of other assets | — | (2,768) |
| Net earnings from other investments | (1,994) | (1,660) |
| Provision for claims | 7,399 | 3,612 |
| (Benefit) provision for deferred income taxes | (65) | 2,328 |
| Changes in assets and liabilities: | ||
| Increase in premium and fees receivable | (1,510) | (471) |
| (Increase) decrease in other assets | (257) | 2,645 |
| Increase in lease assets | (851) | (1,212) |
| Increase in current income taxes recoverable | (2,885) | (1,211) |
| Decrease in accounts payable and accrued liabilities | (1,319) | (1,105) |
| Increase in lease liabilities | 1,026 | 1,268 |
| Decrease in current income taxes payable | — | (276) |
| Payments of claims, net of recoveries | (4,434) | (2,467) |
| Net cash provided by operating activities | 24,383 | 25,943 |
| Investing Activities | ||
| Purchases of fixed maturity securities | (51,285) | (40,977) |
| Purchases of equity securities | (13,500) | (10,363) |
| Purchases of short-term investments | (36,048) | (82,144) |
| Purchases of other investments | (8,212) | (3,770) |
| Purchases of other assets | — | (4,536) |
| Proceeds from sales and maturities of fixed maturity securities | 29,035 | 44,485 |
| Proceeds from sales of equity securities | 8,455 | 14,038 |
| Proceeds from sales and maturities of short-term investments | 54,037 | 53,590 |
| Proceeds from sales and distributions of other investments and assets | 3,384 | 8,205 |
| Purchases of property | (4,771) | (4,232) |
| Proceeds from sales of property | 141 | 470 |
| Net cash used in investing activities | (18,764) | (25,234) |
| Financing Activities | ||
| Dividends paid | (2,606) | (2,604) |
| Net cash used in financing activities | (2,606) | (2,604) |
| Net Increase (Decrease) in Cash and Cash Equivalents | 3,013 | (1,895) |
| Cash and Cash Equivalents, Beginning of Period | 20,838 | 24,654 |
| Cash and Cash Equivalents, End of Period | $23,851 | $22,759 |
| Consolidated Statements of Cash Flows, continued | ||
|---|---|---|
| Nine Months EndedSeptember 30, | ||
| 2026 | 2025 | |
| Supplemental Disclosures: | ||
| Cash Paid During the Year for: | ||
| Income tax payments, net | $11,395 | $6,371 |
| Non-Cash Investing and Financing Activities: | ||
| Non-cash net unrealized loss (gain) on investments, net of deferred tax benefit (expense) of $711 and $(200) for September 30, 2026 and 2025, respectively | $2,588 | $(734) |
| Adjustments to postretirement benefits obligation, net of deferred tax expense of $(3) and $(12) for September 30, 2026 and 2025, respectively | $(13) | $(47) |
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