Investors title co (ITIC)
CashFlow / TTM
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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

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

-

-

-

-

-

21,859

31,360

26,654

25,408

25,701

21,118

23,320

22,176

19,515

16,670

13,036

12,627

12,549

13,036

11,135

10,413

9,672

8,820

11,769

12,395

14,796

16,101

13,796

13,145

11,190

0

0

0

-

-

-

-

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

1,783

1,759

1,721

1,709

1,690

1,657

1,614

1,570

1,501

1,435

1,367

1,295

1,298

1,307

1,445

1,357

1,228

1,105

903

876

850

833

809

783

733

669

583

547

512

486

463

452

463

475

0

0

0

Amortization of investments, net

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of investments, net

-

-

-

-

-

748

832

852

829

788

719

749

768

771

810

772

743

728

714

693

540

630

586

593

617

507

526

481

528

468

408

375

358

338

0

0

0

Amortization of other intangible assets, net

505

505

505

504

522

577

660

775

864

917

922

681

448

214

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization related to postretirement benefits obligation

-

-

-

-

-

-

-

-

-

9

8

8

8

9

8

8

8

7

6

5

3

2

2

3

4

4

6

7

8

10

10

6

9

12

0

0

0

Share-based compensation expense related to stock appreciation rights

293

264

292

324

353

327

301

274

249

219

189

159

128

132

134

137

140

137

135

133

131

120

110

98

87

83

80

77

74

74

109

144

178

213

0

0

0

Excess tax benefits related to exercise of stock appreciation rights

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on disposals of property

45

46

28

26

-18

-12

-5

-6

16

23

17

34

24

12

5

-2

9

24

12

-8

-5

-24

0

0

0

-

-

-

-

28

0

0

0

-

-

-

-

Net Realized Gain Loss On Investments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized loss (gain) on other investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,257

1,514

1,795

1,718

1,674

1,564

1,285

1,017

749

0

0

0

Increase in allowance for doubtful accounts on premiums receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

406

397

187

-203

0

0

0

Net realized investment gains

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

18

-

276

624

-209

268

455

708

671

195

1,041

879

889

1,066

465

165

247

28

0

0

0

Unrealized Gain (Loss) on Investments

-8,825

10,303

-538

1,976

1,182

-4,130

2,626

-294

-642

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net earnings from other investments

2,316

2,209

1,728

1,696

2,012

1,913

1,892

1,779

1,639

1,673

1,881

2,070

1,917

1,750

1,347

1,256

1,731

2,002

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Provision for claims

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision (benefit) for claims

-

-

-

-

-

-

-

-

-

-

-

-

-

243

453

2,224

3,707

4,478

4,673

5,477

3,640

5,229

6,035

1,490

2,192

-571

-781

4,687

4,051

6,072

5,465

3,383

4,252

3,342

0

0

0

(Benefit) provision for deferred income taxes

-1,607

2,278

-5,868

-4,591

-3,730

-4,074

-3,453

-4,578

-3,945

-4,664

673

1,307

866

2,790

3,146

3,028

2,408

1,015

1,052

499

911

611

-561

1,024

1,001

1,804

2,465

268

168

-292

-136

69

-232

21

0

0

0

Changes in assets and liabilities:
Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Decrease in premium and fees receivables

1,586

395

42

823

855

2,097

2,456

1,435

1,354

1,505

901

1,672

1,722

261

290

-1,418

-1,365

-217

512

749

758

-206

-1,388

-2,176

-2,019

-2,287

-824

1,718

2,147

4,227

4,008

3,513

2,003

-646

0

0

0

Increase in other assets

2,723

-1,654

-969

-1,027

-621

-540

-363

-85

-1,109

-388

-1,321

2,105

2,569

-2,631

2,503

-149

182

4,879

95

-407

1,104

393

1,542

594

3,074

2,906

2,654

3,461

368

407

521

-1,912

144

-77

0

0

0

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

-625

4,469

4,619

4,660

4,925

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in accounts payable and accrued liabilities

4,984

583

139

-15

-39

216

-3,919

861

343

1,463

5,009

4,244

2,124

-582

5,200

1,430

3,224

6,689

710

-372

-57

-2,080

-2,570

127

2,637

4,923

7,378

4,293

1,642

2,372

-78

-421

739

1,913

0

0

0

Decrease (increase) in current income taxes receivable

-

-

-

-

-

-385

934

338

0

385

379

-678

-1,036

0

1,261

1,767

1,036

0

-1,624

-1,879

-676

-366

0

0

0

-

-

0

0

-

-

-

-

-

0

0

0

Decrease (increase) in operating lease liabilities

-590

4,502

4,622

4,663

4,927

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in current income taxes payable

-2,919

-3,641

142

0

5,625

4,981

0

0

-3,264

-1,232

32

32

3,511

1,054

-221

-397

-260

145

248

423

287

92

0

0

-374

-1,336

-283

0

226

696

283

0

148

-415

0

0

0

Payments of claims, net of recoveries

4,189

3,928

3,693

2,579

2,686

2,740

3,583

3,266

3,861

3,815

3,690

3,503

2,898

2,726

2,814

3,144

3,373

3,367

3,028

2,980

3,042

3,912

4,599

4,629

4,035

3,146

3,408

3,467

4,028

4,990

4,007

3,441

3,689

3,545

0

0

0

Net cash provided by (used in) operating activities

23,762

20,916

19,022

19,057

24,058

24,386

16,346

20,293

16,967

19,893

26,636

22,679

23,429

22,567

19,600

17,954

18,871

16,916

16,944

14,836

11,205

9,683

5,868

9,904

11,694

15,304

17,132

11,946

11,069

8,685

6,772

7,352

6,693

9,007

0

0

0

Investing Activities
Purchases of fixed maturity securities

-

-

-

-

-

-

-

-

-

18,420

9,943

4,426

12,153

15,737

29,436

28,003

23,505

20,164

23,121

29,186

28,898

30,899

22,204

28,009

25,699

23,466

16,733

6,105

8,701

15,899

20,707

22,200

19,461

15,318

0

0

0

Purchases of equity securities

10,668

6,374

15,391

15,344

14,711

13,954

3,450

4,890

4,900

4,646

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of short-term investments

52,001

98,476

139,897

168,019

142,339

94,781

55,149

24,684

21,149

26,414

15,552

16,631

7,522

1,775

-5,158

-1,352

4,383

4,593

9,630

3,448

-21

911

675

2,573

-530

2,638

5,799

7,758

10,407

6,347

2,725

1,531

3,430

1,883

0

0

0

Purchases of other investments

2,088

2,536

2,270

2,052

2,175

1,544

1,379

1,496

1,710

1,873

1,993

2,808

2,578

2,744

2,527

3,782

3,844

3,717

3,818

1,761

1,480

1,689

1,074

1,375

1,604

1,369

2,310

1,956

1,845

3,441

2,973

2,893

2,765

853

0

0

0

Proceeds from sales and maturities of fixed maturity securities

14,184

12,530

10,645

9,815

11,440

11,520

14,580

14,235

15,040

17,445

17,319

20,337

16,290

17,011

16,649

18,659

23,225

22,151

18,364

15,809

12,201

12,472

12,892

10,981

8,750

9,892

11,107

15,929

17,023

15,646

14,209

9,386

10,379

9,851

0

0

0

Proceeds from sales of equity securities

8,398

5,402

10,897

10,503

9,705

8,585

2,845

4,723

4,839

4,682

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales and maturities of short-term investments

66,174

118,364

146,229

174,415

134,186

86,105

48,389

17,728

13,725

9,228

-1,212

1,451

1,407

2,082

4,800

4,569

1,264

304

1,900

4,555

4,518

6,260

9,909

8,956

10,368

8,280

1,642

101

-861

6,892

13,217

15,323

15,755

14,974

0

0

0

Proceeds from sales and distributions of other investments

1,750

3,192

3,307

2,950

4,212

3,055

2,790

3,084

2,332

2,696

2,986

2,702

2,745

3,437

3,337

3,969

4,347

3,911

3,701

3,291

2,647

1,584

1,396

1,529

1,845

2,107

2,683

2,378

2,550

2,301

1,748

1,608

907

861

0

0

0

Proceeds from sales of other assets

13

3

0

0

0

-

-

-

-

22

20

20

24

18

46

140

149

149

125

30

44

38

43

41

35

40

38

41

225

220

0

0

0

-

-

-

-

Purchases of property

1,904

1,486

1,299

963

1,475

1,859

2,121

2,458

2,429

2,884

3,057

3,001

2,819

2,457

2,171

3,017

2,832

2,742

2,681

2,099

2,033

2,017

2,009

1,948

1,745

1,424

1,259

943

809

568

406

367

334

361

0

0

0

Proceeds from the sale of property

299

301

146

103

51

59

77

79

44

51

54

83

105

92

64

53

57

75

83

74

50

24

0

0

0

-

-

-

-

65

0

0

0

-

-

-

-

Net cash (used in) provided by investing activities

-2,274

4,489

11,138

11,413

-1,099

-2,807

-2,553

-12,262

-12,794

-20,288

-20,425

-11,344

-13,543

-8,839

-4,087

-6,140

-5,595

-4,699

-15,148

-12,732

-13,444

-15,653

-2,214

-12,539

-7,494

-8,553

-10,599

1,371

-3,118

-1,480

2,268

-755

1,090

7,302

0

0

0

Financing Activities
Repurchases of common stock

8

19

11

11

11

29

225

266

266

246

50

3,094

4,602

6,220

6,536

6,870

6,041

5,483

5,569

2,218

2,085

1,055

3,033

3,468

4,187

4,262

3,052

4,726

3,580

3,975

3,318

1,356

2,521

5,940

0

0

0

Exercise of stock appreciation rights

0

0

0

0

-1

-1

0

0

0

0

-0

-0

-0

0

-0

-0

-0

54

54

54

82

27

27

34

-90

75

83

75

282

160

155

155

196

155

0

0

0

Distribution to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

168

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

Excess tax benefits related to exercise of stock options and SARs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26

26

39

15

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

Dividends paid

18,208

18,131

23,019

23,019

23,017

23,017

7,545

7,544

7,451

7,073

2,168

1,791

1,437

1,370

1,306

1,085

938

789

639

645

648

650

651

654

657

657

659

638

619

603

586

591

593

599

0

0

0

Net cash used in financing activities

-18,216

-18,150

-23,030

-23,082

-23,081

-23,099

-7,822

-7,810

-7,717

-7,319

-2,219

-4,886

-6,041

-7,590

-7,904

-8,018

-7,041

-6,253

-6,127

-2,782

-2,715

-1,831

-2,899

-4,265

-4,108

-3,934

-3,647

-4,372

-3,914

-4,437

-3,749

-1,792

-2,918

-6,384

0

0

0

Net (Decrease) Increase in Cash and Cash Equivalents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Increase (Decrease) in Cash and Cash Equivalents

-

-

-

-

-

-1,520

5,971

221

-3,544

-7,714

3,992

6,448

3,844

6,138

7,608

3,796

6,234

5,963

-4,331

-678

-4,953

-7,800

754

-6,900

91

2,816

2,885

8,944

4,036

2,767

5,290

4,804

4,865

9,925

0

0

0

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

9,692

9,734

9,135

10,688

5,494

5,462

7,780

8,451

11,535

11,539

10,567

8,803

3,113

5,068

5,666

5,428

6,459

4,658

3,028

1,658

2,187

2,744

3,923

5,246

4,898

5,724

6,199

5,554

5,319

4,479

3,361

3,131

2,460

2,963

0

0

0

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

1,052

2,151

2,839

2,011

1,046

-1,406

-477

716

1,785

4,132

920

-556

611

273

3,879

3,232

-815

-1,336

-2,487

-1,701

1,714

1,538

2,248

3,439

919

2,474

216

999

1,775

1,393

3,640

1,641

2,599

1,888

0

0

0

Accumulated postretirement benefit obligation adjustment

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-