Investors title co (ITIC)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Operating Activities
Net Income (Loss) Attributable to Parent

-7,011

-

-

-

6,626

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,019

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

133

10,633

6,920

4,173

9,634

5,927

5,674

4,466

5,051

8,129

4,530

1,804

2,206

4,495

4,120

1,726

2,694

2,594

3,398

985

1,842

5,543

4,024

3,386

3,147

3,238

3,372

1,432

-

-

-

-

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation

457

461

421

444

433

423

409

425

400

380

365

356

334

312

293

358

342

451

205

228

220

249

177

203

202

225

151

153

139

138

116

118

113

114

105

129

126

Amortization of investments, net

-248

-

-

-

-133

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of investments, net

-

-

-

-

-

131

166

216

235

215

186

193

194

146

216

211

196

185

178

182

182

172

157

28

272

128

163

53

161

147

118

100

101

88

85

83

81

Amortization of other intangible assets, net

126

126

127

126

126

126

126

144

181

209

241

233

234

214

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization related to postretirement benefits obligation

-

-

-

-

-

-

-

-

-

3

2

2

2

2

2

2

2

1

1

1

1

0

0

0

0

1

1

1

1

2

2

2

2

3

-1

5

5

Share-based compensation expense related to stock appreciation rights

117

60

57

59

88

88

89

88

62

62

62

63

32

32

32

32

35

35

35

35

32

32

33

33

21

21

22

22

17

18

18

19

17

53

53

53

52

Excess tax benefits related to exercise of stock appreciation rights

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-32

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on disposals of property

2

18

6

19

3

0

4

-25

9

7

3

-3

16

1

19

-13

3

-5

12

-0

18

-18

-8

1

0

-

-

-

-

5

6

10

6

-

-

-

-

Net Realized Gain Loss On Investments

-412

-

-

-

790

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized loss (gain) on other investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

206

235

436

379

463

516

359

335

353

237

91

67

Increase in allowance for doubtful accounts on premiums receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

95

-

13

272

209

-88

4

62

-181

Net realized investment gains

-

-

-

-

-

-

188

288

153

-

804

83

103

-

439

-14

149

-

-338

925

14

-324

8

92

492

-137

261

55

16

708

99

65

192

107

-200

147

-26

Unrealized Gain (Loss) on Investments

-14,458

4,085

406

1,142

4,670

-6,756

2,920

348

-642

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net earnings from other investments

315

923

613

465

208

442

581

781

109

421

468

641

143

629

656

488

-24

227

565

963

246

-

305

488

196

-

-

-

-

-

-

-

-

-

-

-

-

Provision for claims

906

-

987

2,397

226

-

997

564

-1,406

-

1,855

140

720

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision (benefit) for claims

-

-

-

-

-

-

-

-

-

-

-

-

-

646

-1,067

647

15

857

703

2,130

786

1,052

1,507

294

2,375

1,857

-3,037

996

-389

1,647

2,432

361

1,631

1,041

349

1,229

721

(Benefit) provision for deferred income taxes

-3,057

938

616

-104

828

-7,208

1,893

757

484

-6,587

768

1,390

-235

-1,250

1,402

949

1,689

-894

1,284

329

296

-857

731

741

-4

-2,029

2,316

718

799

-1,368

119

618

339

-1,212

324

317

592

Changes in assets and liabilities:
Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Decrease in premium and fees receivables

-193

-107

799

1,087

-1,384

-460

1,580

1,119

-142

-101

559

1,038

9

-704

1,330

1,087

-1,452

-675

-378

1,141

-304

55

-141

1,150

-1,269

-1,127

-929

1,307

-1,537

334

1,614

1,736

542

115

1,119

226

-2,108

Increase in other assets

4,743

-1,294

-86

-640

366

-609

-144

-234

447

-432

134

-1,258

1,168

-1,365

3,561

-794

-4,032

3,769

907

-462

664

-1,014

404

1,049

-46

134

-543

3,529

-214

-117

263

436

-175

-3

-2,170

2,493

-397

Decrease (increase) in operating lease right-of-use assets

-169

-150

-41

-265

4,925

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in accounts payable and accrued liabilities

-543

788

2,451

2,288

-4,944

344

2,297

2,264

-4,689

-3,791

7,077

1,746

-3,569

-244

6,311

-374

-6,275

5,538

2,541

1,420

-2,810

-439

1,457

1,735

-4,833

-929

4,155

4,245

-2,547

1,525

1,069

1,594

-1,816

-926

727

2,755

-642

Decrease (increase) in current income taxes receivable

-

-

-

-

-

-2,575

1,148

1,427

-385

-1,256

552

1,089

0

-1,261

-506

731

1,036

0

0

0

0

-1,624

-255

1,203

309

-

-

771

0

-

-

-

-

-

-223

352

378

Decrease (increase) in operating lease liabilities

-165

-120

-41

-264

4,927

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in current income taxes payable

1,581

1,198

142

-5,840

859

4,981

0

-215

215

0

0

-3,479

2,247

1,264

0

0

-210

-11

-175

136

195

92

0

0

0

0

0

-374

-962

1,053

283

-148

-492

640

0

0

-1,056

Payments of claims, net of recoveries

832

394

2,220

743

571

159

1,106

850

625

1,002

789

1,445

579

877

601

839

406

966

931

1,068

400

627

883

1,131

1,270

1,313

913

537

380

1,575

973

1,099

1,342

593

406

1,346

1,198

Net cash provided by (used in) operating activities

1,999

10,963

9,192

1,608

-847

9,069

9,227

6,609

-519

1,029

13,174

3,283

2,407

7,772

9,216

4,032

1,544

4,806

7,570

4,949

-409

4,834

5,462

1,318

-1,931

1,019

9,498

3,108

1,677

2,847

4,312

2,231

-706

934

4,892

1,572

1,607

Investing Activities
Purchases of fixed maturity securities

-

-

-

-

-

-

-

-

-

9,147

9,273

0

0

670

3,755

7,727

3,583

14,370

2,322

3,229

241

17,327

8,387

2,941

2,242

8,632

14,192

631

9

1,899

3,564

3,227

7,207

6,707

5,057

488

3,065

Purchases of equity securities

5,866

2,453

873

1,476

1,572

11,470

826

843

815

966

2,266

853

561

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of short-term investments

3,540

8,957

2,793

36,711

50,015

50,378

30,915

11,031

2,457

10,746

450

7,496

7,722

-115

1,529

-1,612

1,974

-7,049

5,334

4,123

2,184

-2,012

-847

653

3,117

-2,247

1,050

-2,450

6,286

913

3,009

197

2,226

-2,709

1,816

2,097

679

Purchases of other investments

328

1,080

338

342

776

814

120

465

145

649

237

679

308

769

1,051

449

473

553

2,305

511

346

653

249

230

556

38

549

459

321

980

195

348

1,917

512

115

219

5

Proceeds from sales and maturities of fixed maturity securities

2,579

5,250

2,705

3,650

925

3,365

1,875

5,275

1,005

6,425

1,530

6,080

3,410

6,299

4,547

2,032

4,130

5,938

6,557

6,599

3,056

2,151

4,002

2,990

3,328

2,570

2,091

760

4,470

3,785

6,913

1,854

3,093

2,348

2,090

2,846

2,565

Proceeds from sales of equity securities

4,557

1,362

981

1,498

1,561

6,857

587

700

441

1,117

2,465

816

284

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales and maturities of short-term investments

1,034

17,543

80

47,517

53,224

45,408

28,266

7,288

5,143

7,692

-2,395

3,285

646

-2,748

269

3,241

1,320

-30

38

-63

360

1,565

2,693

-100

2,102

5,214

1,740

1,310

14

-1,423

199

348

7,767

4,902

2,305

780

6,987

Proceeds from sales and distributions of other investments

401

702

682

-35

1,843

817

325

1,227

686

552

619

475

1,050

842

334

518

1,741

743

965

897

1,304

533

556

252

241

346

688

567

504

922

383

739

256

368

243

38

210

Proceeds from sales of other assets

10

1

1

1

0

-

-

-

-

9

0

0

13

7

-0

4

6

35

94

13

6

11

0

26

0

17

-2

20

4

15

0

204

0

-

-

-

-

Purchases of property

643

466

378

417

225

279

42

929

609

541

379

900

1,064

714

322

718

701

429

1,168

533

610

367

586

468

594

360

525

265

273

195

208

131

32

33

170

97

59

Proceeds from the sale of property

5

161

46

87

7

6

3

35

15

24

5

0

22

27

33

22

8

0

21

26

26

9

13

1

0

-

-

-

-

14

16

25

9

-

-

-

-

Net cash (used in) provided by investing activities

-1,791

-13,133

-1,122

13,772

4,972

-6,484

-847

1,260

3,264

-6,230

-10,556

728

-4,230

-6,367

-1,474

-1,471

474

-1,615

-3,527

-926

1,370

-12,065

-1,111

-1,638

-838

1,372

-11,435

3,406

-1,896

-673

534

-1,082

-258

3,075

-2,488

763

5,953

Financing Activities
Repurchases of common stock

0

8

0

0

11

0

0

0

29

196

41

0

9

0

3,085

1,507

1,626

317

3,419

678

1,069

403

68

544

39

2,380

503

1,263

114

1,171

2,177

117

509

513

215

1,281

3,929

Exercise of stock appreciation rights

-1

0

0

1

-1

0

0

0

-1

1

0

0

-1

0

0

0

-0

0

0

0

54

0

0

27

-0

0

7

-98

166

7

0

107

45

2

0

148

3

Distribution to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

104

64

-

-

0

0

-

-

-

-

-

-

-

-

Excess tax benefits related to exercise of stock options and SARs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

26

0

0

13

2

-

-

913

22

-

-

-

-

-

-

-

-

Dividends paid

832

15,865

755

756

755

20,753

755

754

755

5,281

754

661

377

376

376

307

309

312

156

160

160

162

162

162

162

163

165

165

163

164

144

146

147

148

148

149

152

Net cash used in financing activities

-833

-15,873

-755

-755

-767

-20,753

-807

-754

-785

-5,476

-795

-661

-387

-376

-3,462

-1,815

-1,935

-691

-3,575

-838

-1,148

-565

-230

-770

-263

-1,634

-1,596

-614

-89

-1,346

-2,321

-156

-611

-659

-364

-1,282

-4,078

Net (Decrease) Increase in Cash and Cash Equivalents

-625

-

-

-

3,358

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Increase (Decrease) in Cash and Cash Equivalents

-

-

-

-

-

-18,168

7,573

7,115

1,960

-10,677

1,823

3,350

-2,210

1,029

4,279

745

83

2,499

467

3,184

-187

-7,796

4,120

-1,090

-3,034

758

-3,533

5,900

-308

827

2,525

992

-1,576

3,350

2,039

1,053

3,482

Supplemental Disclosures:
Cash Paid During the Year for:
Income tax refunds, net

-42

584

1,178

7,972

0

-15

2,731

2,778

-32

2,303

3,402

5,862

-28

1,331

1,637

172

1,926

1,930

1,398

1,204

125

301

28

1,733

681

1,480

1,351

1,384

1,507

1,956

706

1,150

667

838

476

479

1,170

Non cash net unrealized gain on investments, net of deferred tax provision of $(17) and $(307) for March 31, 2020 and 2019, respectively

44

-95

341

762

1,143

593

-487

-203

-1,309

1,522

706

866

1,038

-1,689

-771

2,033

699

1,917

-1,418

-2,013

178

766

-633

1,402

3

1,476

557

-1,117

1,558

-781

1,340

-342

1,177

1,464

-658

616

465

Accumulated postretirement benefit obligation adjustment

32

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-