Investors Title Q3 Earnings Rise Y/Y on Premium Growth, Cost Control [Yahoo! Finance]
Investors Title Company (ITIC)
US:NASDAQ Investor Relations:
invtitle.com/investor-relations-overview
Company Research
Source: Yahoo! Finance
This marks a notable increase, reflecting 31% year-over-year growth in earnings per share. Revenues for the quarter rose to $68.8 million, a 12.1% increase from the prior year's $61.4 million. The growth in revenues was attributed primarily to an expansion in net premiums written, supported by successful entry and growth in the Texas and Florida markets, alongside a positive swing in investment gains. The company's overall quarterly performance highlighted robust operational resilience and improved profitability. Management commentary underscored the company's success in navigating a challenging environment while maintaining growth. Chairman J. Allen Fine noted that rising agent-sourced premiums, cost-saving measures and improved investment returns contributed to the positive financial results. Despite industry-wide challenges, including reduced transaction volumes compared to pre-pandemic levels, the company saw stabilization in activity. Notably, market conditions improved sli
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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 Company Announces Third Quarter 2024 ResultsBusiness Wire
- 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