Investors Title Company Announces Third Quarter 2024 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 (Nasdaq: ITIC) today announced results for the third quarter ended September 30, 2024. The Company reported net income of $9.3 million, or $4.92 per diluted share, compared with $7.1 million, or $3.75 per diluted share, for the prior year period.Revenues increased 12.1% to $68.8 million, compared to $61.4 million in the prior year period, primarily due to an increase in net premiums written and a positive change in net investment gains (losses). Net premiums written increased primarily due to expansion efforts in our Texas and Florida markets, in addition to appreciation in average home prices and higher activity levels related to lower average mortgage interest rates. The improvement in net investment gains (losses) was due to the impact of positive changes in the estimated fair value of equity security investments during the current year quarter.Operating expenses increased 8.4% to $57.2 million, compared to $52.8 milli
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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: Lower Interest Rate Will Boost Net Income [Seeking Alpha]Seeking Alpha
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