Investors Title Company''s Annual Report on Form 10- K for the year ended December 31, 2021 should be read in conjunction with the following discussion since it contains information which is important for evaluating the Company''s operating results and financial condition. The Company is a holding company that engages primarily in issuing title insurance…
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Investors Title Company''s Annual Report on Form 10- K for the year ended December 31, 2021 should be read in conjunction with the following discussion since it contains information which is important for evaluating the Company''s operating results and financial condition. The Company is a holding company that engages primarily in issuing title insurance… The post INVESTORS TITLE CO – 10-Q – Management''s Discussion and Analysis of Financial Condition and Results of Operations appeared first on InsuranceNewsNet .
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CHAPEL HILL, N.C.--(BUSINESS WIRE)--Investors Title Company today announced results for the quarter ended March 31, 2022. The Company reported net income of $6.2 million, or $3.25 per diluted share, compared with net income of $13.8 million, or $7.29 per diluted share, for the prior year period. Total revenues decreased 4.3% to $69.0 million, compared to $72.1 million in the prior year period. The Company set a first quarter record for net premiums written, however this was partially offset by
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CHAPEL HILL, N.C.--(BUSINESS WIRE)--Investors Title Company (Nasdaq: ITIC) announced today that the Company's Board of Directors declared a special cash dividend of $15.00 per share to shareholders of record on December 1, 2020, payable December 15, 2020. The special dividend will be funded through existing cash balances. The Board also declared a regular quarterly cash dividend of $.44 per share to shareholders of record December 1, 2020, payable on December 15, 2020. “The special dividend is
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CHAPEL HILL, N.C.--(BUSINESS WIRE)--Investors Title Company today announced results for the third quarter ended September 30, 2020. The Company reported net income of $15.3 million, or $8.07 per diluted share, for the three months ended September 30, 2020, compared to $8.0 million, or $4.20 per diluted share, for the prior year period. All-time quarterly records were set for total revenues, net premiums written, and net income. Revenues increased 41.1% to $67.6 million, compared with $47.9 mill
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OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” of both subsidiaries of Investors Title Company (ITIC) [NASDAQ: ITIC]: Investors Title Insurance Company and National Investors Title Insurance Company (Austin, TX). These subsidiaries collectively are referred to as Investors Title Company Group (ITC Group). Concurrently, AM Best has affirmed the Long-Term ICR of “bbb” of ITIC. The o
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INVESTORS TITLE COMPANY ANNOUNCES THIRD QUARTER 2019 FINANCIAL RESULTS Contact: Elizabeth B. Lewter November 4, 2019 … | November 4, 2019
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CHAPEL HILL, N.C.--(BUSINESS WIRE)--Investors Title Company today announced its results for the third quarter ended September 30, 2019. Net income attributable to the Company was $8.0 million, or $4.20 per diluted share, versus $10.6 million, or $5.61 per diluted share, for the prior year period. The Company set an all-time quarterly record for net premiums written. Net premiums written increased 1.9% to $40.2 million, as lower average mortgage interest rates drove an increase in refinance acti
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