INVESTORS TITLE CO ITIC Income Statement

Investors title co (ITIC)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues:
Premiums Written, Net
155,674	145,842	137,944	137,197	137,361	138,125	139,787	137,793	137,323	140,502	139,858	138,736	133,751	122,522	113,038	107,677	108,456	111,909	115,219	110,631	110,016	109,963	110,214	114,289	114,869	113,886	115,191	113,777	106,589	102,331	90,153	85,121	83,331	81,529	80,052	69,704	0	0	0
Escrow and other title-related fees
7,994	7,474	7,247	6,666	6,914	7,096	6,930	6,588	6,381	6,892	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-title services
10,081	9,922	9,443	8,699	7,878	7,082	6,713	6,538	6,357	6,128	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and dividends
4,673	4,752	4,843	4,825	4,757	4,619	4,528	4,477	4,466	4,445	4,503	4,576	4,629	4,684	4,583	4,539	4,504	4,531	4,555	4,503	4,411	4,259	4,189	4,114	4,000	3,894	3,866	3,838	3,923	3,980	3,879	3,804	3,672	3,595	3,599	3,628	0	0	0
Other investment income
3,221	3,191	2,872	2,993	3,248	3,107	2,833	2,614	2,199	2,159	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net realized investment (losses) gains
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net realized investment gains (losses)
-	-	460	225	-	-110	680	1,296	1,091	1,041	1,183	818	721	768	-143	-921	18	-116	276	624	-209	268	455	708	671	195	1,041	879	889	1,066	465	165	247	28	-124	401	0	0	0
Changes in the estimated fair value of equity security investments
-8,825	10,303	-538	1,976	1,182	-4,130	2,626	-294	-642	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Income
501	678	633	645	562	470	450	409	435	460	-7,302	-4,323	-1,367	437	11,087	10,809	10,780	10,875	10,208	9,468	8,748	8,627	8,428	8,272	8,315	8,274	8,354	8,629	8,110	7,701	7,100	6,347	5,825	5,532	5,491	5,386	0	0	0
Total Revenues
173,457	183,502	162,904	163,226	162,429	156,259	164,547	159,421	157,610	161,627	159,849	157,716	151,418	138,488	128,566	122,106	123,760	127,200	130,260	125,227	122,967	123,119	123,288	127,385	127,857	126,251	128,453	127,126	119,513	115,079	101,599	95,438	93,077	90,685	89,019	79,121	0	0	0
Operating Expenses:
Insurance Commissions
77,909	72,780	68,094	66,656	66,808	65,775	67,015	66,166	66,337	68,643	68,266	69,364	68,441	63,643	59,727	57,886	59,110	62,174	65,782	63,324	64,772	65,632	66,152	69,855	69,117	67,150	67,984	66,682	61,724	59,427	50,944	49,265	49,908	49,596	47,967	39,281	0	0	0
Provision for claims
4,212	3,532	3,123	3,133	1,300	-332	751	1,609	1,185	3,311	3,361	439	947	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	4,120	3,883	0	0	0
Personnel expenses
46,255	46,058	45,189	44,709	43,824	43,552	43,189	42,175	41,319	39,937	38,515	36,733	33,965	31,479	29,885	28,542	28,235	28,041	27,070	26,721	26,309	25,218	25,102	25,626	25,421	25,386	25,337	23,802	23,041	21,881	20,525	19,704	18,855	18,556	18,465	18,032	0	0	0
Office and technology expenses
9,446	9,254	9,013	8,871	8,967	8,813	8,790	8,644	8,302	8,172	7,904	7,339	6,891	6,446	6,322	6,167	6,074	5,885	5,455	5,370	5,173	5,049	4,848	4,756	4,536	4,430	4,311	4,129	4,141	3,994	3,836	3,772	3,686	3,723	3,807	3,866	0	0	0
Business development
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,435	2,394	2,366	2,373	2,384	2,369	2,302	2,333	2,239	2,294	2,234	2,145	2,073	1,939	1,892	1,856	1,818	1,710	1,677	1,671	1,458	1,447	0	0	0
Filing fees, franchise and local taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	849	792	746	732	742	840	844	817	819	727	690	681	683	682	674	846	778	717	654	516	653	721	0	0	0
Premium and retaliatory taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,036	1,936	1,996	2,161	2,203	2,122	2,033	1,851	2,326	2,427	2,412	2,558	2,136	1,967	1,911	1,885	1,674	1,710	1,739	1,729	1,705	1,527	0	0	0
Professional and contract labor fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,364	2,502	2,645	2,691	2,626	2,586	2,572	2,676	2,633	2,416	2,284	2,171	2,303	2,423	2,595	2,420	2,006	1,894	1,599	1,507	1,467	1,393	0	0	0
Other expenses
12,654	12,055	11,763	11,594	11,373	11,382	11,646	11,314	11,422	11,293	16,003	13,582	10,737	8,546	805	911	883	884	873	805	814	820	851	834	818	755	710	674	594	615	613	600	605	541	519	571	0	0	0
Total Operating Expenses
150,476	143,679	137,182	134,963	132,272	129,190	131,391	129,908	128,565	131,356	128,508	123,913	119,420	110,357	104,878	103,359	105,768	109,423	111,813	109,618	108,465	109,630	111,009	110,428	109,709	104,708	104,758	106,989	100,626	98,999	87,663	82,759	82,979	81,186	80,165	70,726	0	0	0
(Loss) Income before Income Taxes
22,981	39,823	25,722	28,263	30,157	27,069	33,156	29,513	29,045	30,271	31,341	33,802	31,998	28,131	23,688	18,746	17,991	17,777	18,446	15,608	14,501	13,488	12,278	16,956	18,147	21,542	23,695	20,136	18,886	16,079	13,935	12,678	10,097	9,498	8,854	8,395	0	0	0
(Benefit) Provision for Income Taxes
5,160	8,365	5,511	5,371	5,845	5,210	1,796	2,859	3,637	4,570	10,223	10,482	9,822	8,616	7,018	5,710	5,364	5,228	5,410	4,473	4,088	3,816	3,458	5,187	5,752	6,746	7,594	6,340	5,741	4,889	4,012	3,554	2,751	2,565	2,351	1,795	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-	-	20,211	22,892	-	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	10,484	8,840	0	-	0	0	-	-	-
Net Income (Loss) Attributable to Noncontrolling Interest
-	-	-2	-3	-	-33	-26	-25	1	-6	-12	-10	-8	-8	3	6	5	15	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income Attributable to Redeemable Noncontrolling Interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23	56	83	77	88	40	93	98	88	103	0	0	-	0	-	-	-	-
Net (Loss) Income
17,821	31,458	20,213	22,895	24,342	21,892	31,386	26,679	25,407	25,707	21,130	23,330	22,184	19,523	16,666	13,030	12,621	12,533	13,032	11,135	10,388	9,648	8,764	11,685	12,317	14,708	16,060	13,703	13,047	11,102	9,819	9,101	7,346	6,933	6,503	6,600	0	0	0
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