Investors title co (ITIC)
Income statement / 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'11Sep'10Jun'10
Revenues:
Premiums Written, Net

38,627

41,900

40,169

34,978

28,795

34,002

39,422

35,142

29,559

35,664

37,428

34,672

32,738

35,020

36,306

29,686

21,508

25,537

30,945

30,464

24,962

28,847

26,356

29,849

24,909

29,098

30,431

30,429

23,925

30,403

29,018

23,241

19,667

18,226

23,986

21,451

17,865

16,749

13,638

Escrow and other title-related fees

1,842

1,858

2,393

1,901

1,322

1,631

1,812

2,149

1,504

1,465

1,470

1,942

2,015

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-title services

2,547

2,478

2,539

2,517

2,388

1,999

1,795

1,696

1,592

1,630

1,620

1,515

1,363

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest and dividends

1,177

1,147

1,156

1,193

1,256

1,238

1,138

1,125

1,118

1,147

1,087

1,114

1,097

1,205

1,160

1,167

1,151

1,104

1,117

1,131

1,178

1,128

1,064

1,039

1,026

1,058

990

925

920

1,030

962

1,009

977

929

887

878

899

934

915

Other investment income

440

1,147

708

926

410

828

829

1,181

269

554

610

766

229

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized investment (losses) gains

-412

-

-

-

790

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized investment gains (losses)

-

-

423

-14

-

-739

188

288

153

51

804

83

103

193

439

-14

149

-717

-338

925

14

-324

8

92

492

-137

261

55

16

708

99

65

192

107

-200

147

-26

-44

325

Changes in the estimated fair value of equity security investments

-14,458

4,085

406

1,142

4,670

-6,756

2,920

348

-642

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Income

138

128

145

90

315

83

157

7

223

63

116

33

248

-7,699

3,094

2,989

2,052

2,951

2,816

2,960

2,146

2,283

2,077

2,240

2,026

2,084

1,921

2,283

1,985

2,164

2,196

1,763

1,576

1,563

1,443

1,242

1,283

1,522

1,338

Total Revenues

29,901

52,884

47,939

42,733

39,946

32,286

48,261

41,936

33,776

40,574

43,135

40,125

37,793

38,796

41,001

33,827

24,862

28,875

34,541

35,481

28,301

31,935

29,508

33,221

28,454

32,104

33,605

33,693

26,848

34,307

32,277

26,080

22,414

20,827

26,116

23,719

20,022

19,161

16,218

Operating Expenses:
Insurance Commissions

20,187

21,519

19,928

16,275

15,058

16,833

18,490

16,427

14,025

18,073

17,641

16,598

16,331

17,696

18,739

15,674

11,532

13,780

16,898

16,898

14,596

17,389

14,440

18,346

15,456

17,909

18,142

17,608

13,489

18,743

16,840

12,650

11,192

10,261

15,161

13,293

10,879

8,632

6,476

Provision for claims

906

-78

987

2,397

226

-487

997

564

-1,406

596

1,855

140

720

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

1,819

112

Personnel expenses

11,809

11,187

11,576

11,683

11,612

10,318

11,096

10,798

11,340

9,955

10,082

9,942

9,958

8,533

8,300

7,173

7,471

6,939

6,957

6,866

7,277

5,968

6,609

6,454

6,185

5,852

7,133

6,249

6,150

5,803

5,598

5,489

4,990

4,446

4,778

4,639

4,691

4,354

4,345

Office and technology expenses

2,415

2,451

2,350

2,230

2,223

2,210

2,208

2,326

2,069

2,187

2,062

1,984

1,939

1,919

1,496

1,535

1,493

1,795

1,342

1,443

1,304

1,365

1,257

1,246

1,180

1,164

1,165

1,026

1,074

1,045

984

1,037

927

887

919

952

963

971

978

Business development

-

-

-

-

-

-

-

-

-

-

-

-

-

-

608

606

480

739

568

578

486

751

552

511

517

658

606

452

428

586

472

404

393

548

363

372

387

335

352

Filing fees, franchise and local taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

191

267

230

160

134

221

216

169

233

225

189

171

141

188

180

172

140

181

351

104

79

118

214

241

147

Premium and retaliatory taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

673

574

311

476

573

634

476

519

491

546

294

994

592

530

440

572

423

474

414

361

459

502

405

336

281

Professional and contract labor fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

523

537

538

764

661

680

584

700

621

666

688

656

404

535

575

789

523

706

400

375

412

411

308

334

338

Other expenses

3,113

3,234

3,079

3,228

2,514

2,942

2,910

3,007

2,523

3,206

2,578

3,115

2,394

7,916

157

269

202

175

264

241

203

164

196

250

209

195

179

234

146

150

143

154

167

148

130

159

103

126

182

Total Operating Expenses

38,430

38,313

37,920

35,813

31,633

31,816

35,701

33,122

28,551

34,017

34,218

31,779

31,342

31,169

29,623

27,285

22,278

25,690

28,104

29,695

25,932

28,080

25,909

28,542

27,097

29,459

25,328

27,823

22,096

29,509

27,559

21,460

20,469

18,174

22,655

21,680

18,675

17,153

13,216

(Loss) Income before Income Taxes

-8,529

14,571

10,019

6,920

8,313

470

12,560

8,814

5,225

6,557

8,917

8,346

6,451

7,627

11,378

6,542

2,583

3,184

6,436

5,786

2,369

3,854

3,598

4,679

1,356

2,644

8,276

5,870

4,751

4,797

4,717

4,619

1,945

2,652

3,461

2,038

1,346

2,008

3,002

(Benefit) Provision for Income Taxes

-1,518

3,191

2,067

1,420

1,687

337

1,927

1,894

1,052

-3,077

2,990

2,672

1,985

2,576

3,249

2,012

779

978

1,941

1,666

643

1,160

1,004

1,281

371

802

2,733

1,846

1,365

1,650

1,479

1,247

513

773

1,021

444

327

559

465

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

-

-

7,952

5,500

-

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

-

2,440

1,594

-

-

-

Net Income (Loss) Attributable to Noncontrolling Interest

-

-

0

0

-

-2

-1

-27

-3

5

0

-1

-10

-1

2

0

-9

10

4

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income Attributable to Redeemable Noncontrolling Interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

24

-0

32

27

18

9

-15

80

23

0

-

0

-

-

-

-

Net (Loss) Income

-7,011

11,380

7,952

5,500

6,626

135

10,634

6,947

4,176

9,629

5,927

5,675

4,476

5,052

8,126

4,529

1,814

2,196

4,490

4,120

1,726

2,694

2,594

3,373

986

1,810

5,515

4,005

3,376

3,162

3,158

3,349

1,432

1,879

2,440

1,594

1,019

1,449

2,537

Basic (Loss) Earnings per Common Share

-3.71

6.37

4.21

2.91

3.51

0.07

5.64

3.68

2.21

5.48

3.14

3.01

2.37

2.40

4.30

2.36

0.94

1.12

2.28

2.06

0.86

1.33

1.28

1.66

0.48

0.89

2.67

1.94

1.65

1.53

1.52

1.60

0.68

0.86

1.15

0.75

0.46

0.63

1.11

Weighted Average Shares Outstanding – Basic

1,890

1,887

1,889

1,889

1,887

1,888

1,887

1,887

1,886

1,884

1,887

1,887

1,886

1,885

1,888

1,923

1,934

1,952

1,967

2,004

2,012

2,026

2,028

2,034

2,037

2,046

2,069

2,063

2,044

2,055

2,071

2,098

2,100

2,112

2,124

2,134

2,234

2,284

2,285

Diluted (Loss) Earnings per Common Share

-3.71

6.00

4.20

2.90

3.49

0.53

5.61

3.66

2.20

5.52

3.13

2.99

2.36

2.43

4.29

2.35

0.93

1.11

2.28

2.05

0.86

1.33

1.28

1.65

0.48

0.88

2.66

1.92

1.62

1.50

1.50

1.57

0.67

0.86

1.14

0.74

0.46

0.63

1.11

Weighted Average Shares Outstanding – Diluted

1,890

1,897

1,895

1,896

1,896

1,897

1,897

1,897

1,897

1,896

1,896

1,897

1,895

1,894

1,895

1,928

1,940

1,958

1,972

2,009

2,018

2,034

2,032

2,039

2,043

2,057

2,074

2,089

2,083

2,097

2,108

2,132

2,128

2,140

2,143

2,155

2,239

2,285

2,293

Cash Dividends Paid per Common Share

-

-

-

-

-

-

-

-

-

-

-

0.35

0.20

-

0.20

0.16

0.16

0.16

0.08

0.08

0.08

0.08

0.08

0.08

0.08

0.08

0.08

0.08

0.08

-

0.07

0.07

0.07

-

0.07

0.07

0.07

0.07

0.07