Investors Title Co
NASDAQ:ITIC
Income Statement
Income Statement
Investors Title Co
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Gross Premiums Earned |
122
|
123
|
123
|
119
|
119
|
119
|
120
|
125
|
123
|
119
|
118
|
124
|
133
|
142
|
145
|
143
|
141
|
138
|
138
|
140
|
139
|
138
|
138
|
139
|
147
|
156
|
169
|
186
|
206
|
229
|
253
|
268
|
279
|
280
|
279
|
273
|
250
|
225
|
200
|
183
|
172
|
|
Revenue |
126
N/A
|
128
+1%
|
127
0%
|
123
-3%
|
123
0%
|
123
0%
|
125
+2%
|
130
+4%
|
127
-2%
|
124
-3%
|
122
-1%
|
129
+5%
|
139
+8%
|
151
+9%
|
158
+4%
|
160
+1%
|
162
+1%
|
158
-2%
|
160
+1%
|
162
+1%
|
160
-1%
|
161
+1%
|
161
N/A
|
163
+1%
|
173
+6%
|
183
+6%
|
195
+7%
|
211
+8%
|
232
+10%
|
256
+10%
|
282
+10%
|
301
+6%
|
315
+5%
|
321
+2%
|
324
+1%
|
324
+0%
|
304
-6%
|
288
-6%
|
263
-9%
|
242
-8%
|
225
-7%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(105)
|
(110)
|
(110)
|
(111)
|
(110)
|
(108)
|
(110)
|
(112)
|
(109)
|
(106)
|
(103)
|
(105)
|
(110)
|
(119)
|
(124)
|
(129)
|
(131)
|
(129)
|
(130)
|
(131)
|
(129)
|
(132)
|
(135)
|
(137)
|
(144)
|
(150)
|
(158)
|
(170)
|
(187)
|
(203)
|
(219)
|
(233)
|
(245)
|
(251)
|
(259)
|
(264)
|
(253)
|
(242)
|
(222)
|
(207)
|
(198)
|
|
Selling, General & Administrative |
(37)
|
(38)
|
(38)
|
(38)
|
(38)
|
(39)
|
(40)
|
(40)
|
(42)
|
(42)
|
(42)
|
(44)
|
(45)
|
(47)
|
(48)
|
(48)
|
(48)
|
(50)
|
(51)
|
(52)
|
(52)
|
(53)
|
(54)
|
(54)
|
(55)
|
(56)
|
(57)
|
(58)
|
(62)
|
(67)
|
(71)
|
(75)
|
(77)
|
(84)
|
(90)
|
(97)
|
(103)
|
(102)
|
(100)
|
(97)
|
(94)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Benefits Claims Loss Adjustment |
(67)
|
(71)
|
(71)
|
(72)
|
(71)
|
(68)
|
(69)
|
(70)
|
(67)
|
(63)
|
(60)
|
(60)
|
(64)
|
(69)
|
(70)
|
(72)
|
(72)
|
(68)
|
(68)
|
(68)
|
(65)
|
(68)
|
(70)
|
(71)
|
(76)
|
(82)
|
(90)
|
(99)
|
(112)
|
(123)
|
(133)
|
(142)
|
(149)
|
(146)
|
(146)
|
(142)
|
(126)
|
(116)
|
(103)
|
(93)
|
(88)
|
|
Other Operating Expenses |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(3)
|
(6)
|
(9)
|
(11)
|
(11)
|
(11)
|
(12)
|
(11)
|
(11)
|
(12)
|
(12)
|
(12)
|
(13)
|
(12)
|
(13)
|
(13)
|
(13)
|
(15)
|
(17)
|
(19)
|
(21)
|
(23)
|
(25)
|
(25)
|
(23)
|
(20)
|
(17)
|
(16)
|
|
Operating Income |
22
N/A
|
18
-16%
|
17
-7%
|
12
-28%
|
14
+10%
|
15
+7%
|
16
+8%
|
18
+18%
|
18
-4%
|
18
+1%
|
19
+4%
|
24
+26%
|
28
+19%
|
32
+14%
|
34
+6%
|
31
-7%
|
30
-3%
|
30
-2%
|
30
+0%
|
31
+2%
|
31
+2%
|
29
-7%
|
26
-9%
|
26
0%
|
30
+12%
|
32
+9%
|
36
+13%
|
42
+14%
|
45
+9%
|
53
+17%
|
63
+20%
|
67
+6%
|
70
+4%
|
70
-1%
|
64
-8%
|
60
-7%
|
51
-15%
|
46
-10%
|
41
-11%
|
35
-15%
|
26
-23%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(0)
|
3
|
(4)
|
1
|
2
|
(1)
|
10
|
(9)
|
(2)
|
1
|
5
|
23
|
19
|
15
|
15
|
6
|
(11)
|
(15)
|
(21)
|
(22)
|
(10)
|
(5)
|
(0)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Pre-Tax Income |
22
N/A
|
18
-16%
|
17
-7%
|
12
-28%
|
14
+10%
|
15
+7%
|
16
+8%
|
18
+18%
|
18
-4%
|
18
+1%
|
19
+4%
|
24
+26%
|
28
+19%
|
32
+14%
|
34
+6%
|
31
-7%
|
30
-3%
|
29
-4%
|
30
+2%
|
33
+12%
|
27
-18%
|
30
+11%
|
28
-6%
|
26
-9%
|
40
+55%
|
23
-42%
|
34
+48%
|
43
+26%
|
50
+16%
|
76
+52%
|
83
+10%
|
82
-1%
|
85
+3%
|
75
-11%
|
53
-30%
|
45
-16%
|
30
-33%
|
24
-21%
|
31
+29%
|
29
-5%
|
26
-10%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(7)
|
(6)
|
(5)
|
(3)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(6)
|
(7)
|
(9)
|
(10)
|
(10)
|
(10)
|
(10)
|
(9)
|
(8)
|
(7)
|
(5)
|
(6)
|
(5)
|
(6)
|
(8)
|
(5)
|
(7)
|
(9)
|
(10)
|
(15)
|
(17)
|
(18)
|
(18)
|
(16)
|
(11)
|
(9)
|
(6)
|
(5)
|
(7)
|
(6)
|
(5)
|
|
Income from Continuing Operations |
15
|
12
|
12
|
9
|
10
|
10
|
11
|
13
|
13
|
13
|
13
|
17
|
20
|
22
|
23
|
21
|
20
|
20
|
21
|
26
|
22
|
24
|
23
|
20
|
32
|
18
|
27
|
34
|
39
|
60
|
66
|
65
|
67
|
59
|
42
|
35
|
24
|
19
|
24
|
23
|
22
|
|
Income to Minority Interest |
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
15
N/A
|
12
-16%
|
12
-5%
|
9
-25%
|
10
+10%
|
10
+8%
|
11
+7%
|
13
+17%
|
13
-4%
|
13
+1%
|
13
+3%
|
17
+28%
|
20
+17%
|
22
+14%
|
23
+5%
|
21
-9%
|
26
+22%
|
25
-1%
|
27
+5%
|
31
+18%
|
22
-30%
|
24
+11%
|
23
-6%
|
20
-12%
|
32
+56%
|
18
-43%
|
27
+51%
|
34
+27%
|
39
+15%
|
60
+53%
|
66
+9%
|
65
-1%
|
67
+3%
|
59
-11%
|
42
-29%
|
35
-16%
|
24
-32%
|
19
-21%
|
24
+28%
|
23
-3%
|
22
-7%
|
|
EPS (Diluted) |
7.18
N/A
|
6.04
-16%
|
5.73
-5%
|
4.31
-25%
|
4.8
+11%
|
5.12
+7%
|
5.52
+8%
|
6.61
+20%
|
6.25
-5%
|
6.5
+4%
|
6.75
+4%
|
8.77
+30%
|
10.26
+17%
|
11.67
+14%
|
12.28
+5%
|
11.12
-9%
|
13.52
+22%
|
13.37
-1%
|
14.04
+5%
|
16.52
+18%
|
11.54
-30%
|
12.83
+11%
|
12.07
-6%
|
10.66
-12%
|
16.59
+56%
|
9.42
-43%
|
14.11
+50%
|
17.98
+27%
|
20.73
+15%
|
31.71
+53%
|
34.49
+9%
|
34.07
-1%
|
35.27
+4%
|
31.24
-11%
|
22.04
-29%
|
18.56
-16%
|
12.59
-32%
|
9.96
-21%
|
12.76
+28%
|
12.37
-3%
|
11.46
-7%
|