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Stock impact report

AM Best Affirms Credit Ratings of Investors Title Company and Its Subsidiaries

Investors Title Company (ITIC) 
US:NASDAQ Investor Relations: invtitle.com/investor-relations-overview
Company Research Source: Business Wire
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 the two 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 outlook of the Credit Ratings (ratings) is stable. All companies are domiciled in Chapel Hill, NC, unless otherwise specified.The ratings reflect ITC Group’s balance sheet strength, which AM Best categorizes as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management (ERM).ITC Group’s balance sheet strength reflects its strong risk-adjusted capitalization and robust surplus growth that is reflective of strong operating ea Show less Read more
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