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Investors Title Company, through its subsidiaries, engages in the issuance of residential and commercial title insurance for residential, institutional, commercial, and industrial properties. The company operates through Title Insurance and Exchange Services segments. It underwrites land title insurance for owners and mortgagees as a primary insurer; and assumes the reinsurance of title insurance risks from other title insurance companies. The company also provides services in connection with tax-deferred exchanges of like-kind property; acts as a qualified intermediary in tax-deferred exchanges of real property; coordinates the exchange aspects of the real estate transaction, such as drafting standard exchange documents, holding the exchange funds between the sale of the old property and the purchase of the new property, and accepting the formal identification of the replacement property. In addition, it acts as an exchange accommodation titleholder for accomplishing reverse exchanges when the taxpayers decide to acquire replacement property before selling the relinquished property. Further, the company offers investment management and trust services to individuals, companies, banks, and trusts; and consulting and management services to clients to start and operate a title insurance agency. It issues title insurance policies directly and through a network of agents. Investors Title Company was founded in 1972 and is headquartered in Chapel Hill, North Carolina.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $273M | - | $35M | $25M | 13.1% | 5.7% | 13.2% |
| 2024 | $259M | - | $31M | $22M | 12.3% | 15.1% | 43.3% |
| 2023 | $225M | - | $22M | $-2M | 8.6% | -20.7% | -9.3% |
| 2022 | $283M | - | $24M | $31M | 9.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 283.39 | 224.75 | 258.61 | 273.22 |
| Pretax Income | 30.11 | 26.23 | 39.46 | 44.55 |
| Tax Provision | 6.21 | 4.54 | 8.39 | 9.37 |
| Net Income | 23.90 | 21.69 | 31.07 | 35.18 |
| Net Income Common Stockholders | 23.90 | 21.69 | 31.07 | 35.18 |
| Total Expenses | 253.28 | 198.52 | 219.14 | 228.68 |
| Interest Income | 4.70 | 9.05 | 10.66 | 9.96 |
| Selling General And Administration | 85.33 | 76.71 | 72.51 | 72.22 |
| Normalized Income | 23.90 | 21.69 | 31.32 | 35.55 |
| Basic EPS | 12.60 | 11.45 | 16.48 | 0 |
| Diluted EPS | 12.59 | 11.45 | 16.43 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | -0.07 | -0.10 |
| Tax Rate For Calcs | 0.21 | 0.17 | 0.21 | 0.21 |
| Total Unusual Items | 0 | 0 | -0.31 | -0.47 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | -0.31 | -0.47 |
| Net Income From Continuing Operation Net Minority Interest | 23.90 | 21.69 | 31.07 | 35.18 |
| Reconciled Depreciation | 3.58 | 4.12 | 4.50 | 4.42 |
| Net Income From Continuing And Discontinued Operation | 23.90 | 21.69 | 31.07 | 35.18 |
| Diluted Average Shares | 1.90 | 1.89 | 1.89 | 0 |
| Basic Average Shares | 1.90 | 1.89 | 1.89 | 0 |
| Diluted NI Availto Com Stockholders | 23.90 | 21.69 | 31.07 | 35.18 |
| Net Income Including Noncontrolling Interests | 23.90 | 21.69 | 31.07 | 35.18 |
| Net Income Continuous Operations | 23.90 | 21.69 | 31.07 | 35.18 |
| Other Income Expense | 1.14 | 0.99 | 0.95 | 3.34 |
| Special Income Charges | 0 | 0 | -0.31 | -0.47 |
| Write Off | 0 | 0 | 0.31 | 0.47 |
| Other Operating Expenses | 42.13 | 33.68 | 34.45 | 37.72 |
| General And Administrative Expense | 85.33 | 76.71 | 72.51 | 72.22 |
| Other Gand A | 17.32 | 0 | 0 | 0 |
| Salaries And Wages | 85.33 | 76.71 | 72.51 | 72.22 |
| Operating Revenue | 283.39 | 224.75 | 258.61 | 273.22 |
| Loss Adjustment Expense | 4.25 | 4.76 | 4.53 | 4.61 |
| Net Policyholder Benefits And Claims | 4.25 | 4.76 | 4.53 | 4.61 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Investors Title Companythis co. | ITIC | $450M | 12.84↑ premium | 1.68 | 13.1% | 7.53 |
| Bit Digital, Inc. | BTBT | $474M | - | 0.66 | -9.3% | -11.32 |
| First Business Financial Services, Inc. | FBIZ | $472M | 9.32 | 1.28 | 13.5% | - |
| Orange County Bancorp, Inc. | OBT | $456M | 9.98 | 1.60 | 14.6% | - |
| ChoiceOne Financial Services, Inc. | COFS |
| $450M |
| 7.13 |
| 0.97 |
| 6.1% |
| - |
| Bankwell Financial Group, Inc. | BWFG | $419M | 10.53 | 1.31 | 11.7% | - |
| Bank7 Corp. | BSVN | $414M | 9.31 | 1.59 | 17.2% | - |
| Bank of Marin Bancorp | BMRC | $413M | - | 1.03 | -9.0% | - |
| Citizens & Northern Corporation | CZNC | $412M | 15.75 | 1.20 | 6.9% | - |
| Peer Median | - | 9.65 | 1.24 | 9.3% | -11.32 | |