Investors Title Company Announces Second Quarter 2019 Financial Results
Investors Title Company (ITIC)
US:NASDAQ Investor Relations:
invtitle.com/investor-relations-overview
Company Research
Source: Business Wire
CHAPEL HILL, N.C.--(BUSINESS WIRE)--Investors Title Company today announced its results for the second quarter ended June 30, 2019. The Company reported net income attributable to the Company of $5.5 million, or $2.90 per diluted share, compared to $6.9 million, or $3.66 per diluted share, for the prior year period.Revenues increased 1.9% to $42.7 million, compared with $41.9 million in the prior year quarter. While net premiums written remained virtually flat compared with the prior year, revenue from non-title services increased 48.4%, mainly due to increased revenues associated with like-kind exchange services. Changes in the estimated fair value of equity security investments resulted in an additional $794 thousand of income versus the prior year.Operating expenses increased 8.1% versus the prior year quarter, mainly because of higher claims and personnel expenses. Claims expense was higher primarily due to an increase in reserves for a potential large claim, and a higher leve
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ITIC
News
- Investors Title (NASDAQ: ITIC) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Investors Title Company Board Declares Special Cash Dividend and Regular Quarterly Cash DividendBusiness Wire
- Investors Title (NASDAQ: ITIC) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Investors Title Q3 Earnings Rise Y/Y on Premium Growth, Cost Control [Yahoo! Finance]Yahoo! Finance
- Investors Title Company Announces Third Quarter 2024 ResultsBusiness Wire
ITIC
Sec Filings
- 11/8/24 - Form SC
- 11/8/24 - Form 4
- 11/7/24 - Form 10-Q
- ITIC's page on the SEC website