Investors Title Company (ITIC) 10-Year Financial Performance & Capital Metrics

ITIC • • Insurance & Managed Care

Financial ServicesSpecialty InsuranceTitle InsuranceTitle Insurance Underwriters

AboutInvestors Title Company, through its subsidiaries, engages in the issuance of residential and commercial title insurance for residential, institutional, commercial, and industrial properties. The company 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. It also provides services in connection with tax-deferred exchanges of like-kind property; acts as a qualified intermediary in tax-deferred exchanges of 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 serves 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 primarily through approved attorneys from underwriting offices, as well as through independent issuing agents in 24 states and the District of Columbia, primarily in the eastern half of the United States. The company was founded in 1972 and is headquartered in Chapel Hill, North Carolina.Show more

Revenue $258M +14.9%
Combined Ratio 84.72% -4.1%
Net Income $31M +43.3%
Return on Equity 12.35% +40.2%
Medical Cost Ratio 43.31% +10.4%
Operating Margin 15.28% +30.9%
Net Margin 12.03% +24.7%
ROA 9.36% +44.6%
Equity / Assets 75.48% -0.8%
Book Value per Share 133.07 +0.1%
Tangible BV/Share 125.11 +0.6%
Debt/Equity 0.03 -1.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Profitable underwriting: 84.7% combined ratio
✓Low loss ratio of 43.3%

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y7.69%

5Y7.08%

3Y-7.79%

TTM-16.79%

Profit (Net Income) CAGR

10Y12.38%

5Y-0.25%

3Y-22.6%

TTM-16.59%

EPS CAGR

10Y13.23%

5Y-0.21%

3Y-22.5%

TTM25.81%

ROCE

10Y Avg16.64%

5Y Avg14.9%

3Y Avg9.56%

Latest11.88%

Peer Comparison

Title Insurance Underwriters

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FAFFirst American Financial Corporation	6.17B	60.57	48.07	2.04%	6.81%	9.06%	11%	0.49
ITICInvestors Title Company	481.71M	255.20	15.54	14.93%	11.86%	8.56%	4.65%	0.03
FNFFidelity National Financial, Inc.	14.31B	52.73	11.34	15.92%	8.52%	12.52%	46.61%	0.55

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	127.2M	138.49M	161.63M	156.26M	183.5M	236.41M	329.5M	283.39M	224.75M	258.3M
Revenue Growth %	0.03%	0.09%	0.17%	-0.03%	0.17%	0.29%	0.39%	-0.14%	-0.21%	0.15%
Medical Costs & Claims+	66.65M	63.89M	71.95M	65.44M	76.31M	112.01M	148.5M	125.82M	88.14M	111.87M
Medical Cost Ratio %	-	-	-	-	-	-	-	-	-	-
Gross Profit+	60.55M	74.6M	89.67M	90.82M	107.19M	124.4M	181M	157.57M	136.61M	146.43M
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.16%	0.23%	0.2%	0.01%	0.18%	0.16%	0.45%	-0.13%	-0.13%	0.07%
Operating Expenses+	42.77M	46.47M	59.4M	63.75M	67.37M	74.74M	96.06M	127.46M	110.38M	106.96M
OpEx / Revenue %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	1.11M	1.52M	2.35M	2.23M	2.26M	2.26M	2.44M	3.58M	4.12M	4.5M
Combined Ratio %	-	-	-	-	-	-	-	-	-	-
Operating Income+	17.78M	28.13M	30.27M	27.07M	39.82M	49.66M	84.93M	30.11M	26.23M	39.46M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.32%	0.58%	0.08%	-0.11%	0.47%	0.25%	0.71%	-0.65%	-0.13%	0.5%
EBITDA+	18.88M	29.65M	32.62M	29.3M	42.09M	51.92M	87.37M	33.69M	30.35M	43.96M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense	0	0	0	0	0	0	0	0	0	0
Non-Operating Income	0	0	0	0	0	0	0	0	0	0
Pretax Income+	17.78M	28.13M	30.27M	27.07M	39.82M	49.66M	84.93M	30.11M	26.23M	39.46M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	5.23M	8.62M	4.57M	5.21M	8.37M	10.24M	17.91M	6.21M	4.54M	8.39M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	12.55M	19.52M	25.7M	21.86M	31.46M	39.42M	67.02M	23.9M	21.69M	31.07M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.3%	0.56%	0.32%	-0.15%	0.44%	0.25%	0.7%	-0.64%	-0.09%	0.43%
EPS (Diluted)+	6.30	10.19	13.56	11.52	16.59	20.79	35.27	12.59	11.46	16.42
EPS Growth %	0.33%	0.62%	0.33%	-0.15%	0.44%	0.25%	0.7%	-0.64%	-0.09%	0.43%
EPS (Basic)	6.32	10.23	13.63	11.58	16.66	20.84	35.39	12.60	11.46	16.48
Diluted Shares Outstanding	1.99M	1.92M	1.9M	1.9M	1.9M	1.9M	1.9M	1.9M	1.89M	1.89M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	211.52M	228.94M	248.91M	244.27M	263.89M	282.93M	331.49M	339.76M	330.56M	333.57M
Asset Growth %	0.07%	0.08%	0.09%	-0.02%	0.08%	0.07%	0.17%	0.02%	-0.03%	0.01%
Total Investment Assets+	160.55M	258.17M	301.61M	182.67M	192.86M	213.29M	222.87M	227.7M	228.67M	232.54M
Long-Term Investments	150.45M	149.67M	174.49M	170.23M	178.88M	197.8M	202.57M	209.33M	211.28M	211.97M
Short-Term Investments	112.93M	108.49M	127.12M	121.74M	117.77M	132.88M	125.72M	157.64M	174.07M	172.07M
Total Current Assets+	59.3B	69.11B	67.97B	153.51M	0	0	0	0	0	0
Cash & Equivalents	21.79M	27.93M	20.21M	18.69M	25.95M	13.72M	37.17M	35.31M	24.03M	24.65M
Receivables	0	0	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	0	0	0	0	-162.8M	-176.49M	-198.38M	-225.14M	-227.02M	-221.28M
Goodwill & Intangibles+	1.22M	12.26M	11.36M	10.78M	10.28M	9.77M	15.95M	17.61M	16.25M	15.07M
Goodwill	0	4.35M	4.35M	4.35M	4.35M	4.35M	7.2M	9.63M	9.63M	9.63M
Intangible Assets	1.22M	7.91M	7.01M	6.43M	5.93M	5.42M	8.75M	7.99M	6.62M	5.45M
PP&E (Net)	7.15M	8.75M	10.17M	10.3M	14.24M	14.69M	18.23M	24.49M	30.19M	34.09M
Other Assets	-158.81M	12.09B	11.16B	-4.18M	-203.4M	-222.27M	-236.76M	-251.43M	-257.72M	-261.13M
Total Liabilities	68.74M	73.8M	70.99M	68.63M	72.53M	82.5M	102.4M	98.75M	79.01M	81.8M
Total Debt+	0	0	0	0	4.5M	3.67M	5.33M	6.84M	6.45M	6.36M
Net Debt	-21.79M	-27.93M	-20.21M	-18.69M	-21.45M	-10.05M	-31.84M	-28.47M	-17.58M	-18.3M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Total Current Liabilities+	210.35M	1.23B	27.57M	27.73M	0	0	0	0	0	0
Accounts Payable	25.04M	26.15M	27.57M	27.73M	28.32M	36.02M	43.87M	47.05M	31.86M	34.01M
Deferred Revenue	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	-33.07M	-35.87M	-27.57M	-32.72M	-29.66M	-36.66M	-47.2M	-47.05M	-31.86M	-34.29M
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	68.74M	73.8M	62.37M	63.65M	-11.54M	-12.26M	-18.45M	-14.5M	-9.99M	-10.45M
Total Equity+	142.78M	155.14M	177.92M	175.64M	191.36M	200.42M	229.09M	241.01M	251.55M	251.77M
Equity Growth %	0.04%	0.09%	0.15%	-0.01%	0.09%	0.05%	0.14%	0.05%	0.04%	0%
Shareholders Equity	142.67M	155.05M	177.84M	175.64M	191.36M	200.42M	229.09M	241.01M	251.55M	251.77M
Minority Interest	107.2K	90.89K	84.95K	0	0	0	0	0	0	0
Retained Earnings	131.19M	143.28M	161.89M	174.69M	188.26M	196.1M	225.86M	240.81M	250.91M	251.42M
Common Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	11.48M	11.76M	15.94M	949K	3.1M	4.33M	3.23M	200K	638K	355K
Return on Equity (ROE)	0.09%	0.13%	0.15%	0.12%	0.17%	0.2%	0.31%	0.1%	0.09%	0.12%
Return on Assets (ROA)	0.06%	0.09%	0.11%	0.09%	0.12%	0.14%	0.22%	0.07%	0.06%	0.09%
Equity / Assets	-	-	-	-	-	-	-	-	-	-
Debt / Equity	-	-	-	-	0.02x	0.02x	0.02x	0.03x	0.03x	0.03x
Book Value per Share	71.75	81.01	93.84	92.59	100.93	105.71	120.57	126.98	132.89	133.07
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	16.89M	22.53M	19.89M	24.39M	20.92M	34.09M	51.93M	36.2M	7.43M	29.84M
Operating CF Growth %	0.74%	0.33%	-0.12%	0.23%	-0.14%	0.63%	0.52%	-0.3%	-0.79%	3.02%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	12.55M	19.52M	25.7M	21.86M	31.46M	39.42M	67.02M	23.9M	21.69M	31.07M
Depreciation & Amortization	1.83M	1.52M	2.35M	2.23M	2.26M	2.26M	2.44M	3.58M	4.12M	131K
Stock-Based Compensation	137.76K	132.1K	219.31K	327K	264K	229K	299K	362K	425K	393K
Deferred Taxes	1.01M	2.79M	-4.66M	-4.07M	2.28M	1.22M	4.83M	-4.64M	-4.23M	515K
Other Non-Cash Items	-792.08K	-4.23M	-2.44M	15K	-13.58M	-5.02M	-20.64M	9.65M	-5.79M	-5.75M
Working Capital Changes	2.15M	2.81M	-1.27M	4.03M	-1.77M	-4.01M	-2.01M	3.35M	-8.78M	3.48M
Cash from Investing+	-4.7M	-8.84M	-20.29M	-2.81M	4.49M	-14.6M	9.07M	-28.75M	-6.7M	1.75M
Capital Expenditures	-2.74M	-2.46M	-2.88M	-1.86M	-1.49M	-3.2M	-6.53M	-5.68M	-9.19M	-7.42M
Acquisitions	-72.6K	-8.33M	-175K	59K	301K	85K	0	-4.93M	0	0
Purchase of Investments	-28.48M	-23.94M	-51.35M	-110.28M	-133.82M	-51.73M	-45.32M	-119.85M	-210.06M	-199.36M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Investing	224.19K	109.26K	72.74K	7K	3K	22K	7.7M	55K	529K	275K
Cash from Financing+	-6.23M	-7.56M	-7.32M	-23.1M	-18.15M	-31.72M	-37.55M	-9.31M	-12.01M	-30.96M
Dividends Paid	-789.91K	-1.37M	-7.07M	-23.02M	-18.13M	-31.72M	-37.55M	-9.18M	-11.05M	-29.86M
Share Repurchases	-5.48M	-6.22M	-246K	-29K	-19K	-6K	0	-133K	-959K	-1.1M
Stock Issued	0	0	0	0	0	0	0	0	0	0
Debt Issuance (Net)	0	0	0	0	0	0	0	0	0	0
Other Financing	46.86K	260	0	-53K	0	1K	-1K	-1K	0	0
Net Change in Cash+	5.96M	6.14M	-7.71M	-1.52M	7.25M	-12.23M	23.45M	-1.86M	-11.28M	623K
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	15.83M	21.79M	27.93M	20.21M	18.69M	25.95M	13.72M	37.17M	35.31M	24.03M
Cash at End	21.79M	27.93M	20.21M	18.69M	25.95M	13.72M	37.17M	35.31M	24.03M	24.65M
Free Cash Flow+	14.15M	20.08M	17.01M	22.53M	19.43M	30.89M	45.4M	30.52M	-1.76M	22.42M
FCF Growth %	0.85%	0.42%	-0.15%	0.32%	-0.14%	0.59%	0.47%	-0.33%	-1.06%	13.74%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF per Share	7.11	10.48	8.97	11.88	10.25	16.29	23.89	16.08	-0.93	11.85

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Combined Ratio	86.02%	79.69%	81.27%	82.68%	78.3%	78.99%	74.22%	89.38%	88.33%	84.72%
Medical Cost Ratio	52.4%	46.13%	44.52%	41.88%	41.59%	47.38%	45.07%	44.4%	39.22%	43.31%
Return on Equity (ROE)	8.95%	13.1%	15.43%	12.37%	17.14%	20.12%	31.21%	10.17%	8.81%	12.35%
Return on Assets (ROA)	6.13%	8.86%	10.76%	8.86%	12.38%	14.42%	21.82%	7.12%	6.47%	9.36%
Equity / Assets	67.5%	67.76%	71.48%	71.9%	72.51%	70.84%	69.11%	70.94%	76.1%	75.48%
Book Value / Share	71.75	81.01	93.84	92.59	100.93	105.71	120.57	126.98	132.89	133.07
Debt / Equity	-	-	-	-	0.02x	0.02x	0.02x	0.03x	0.03x	0.03x
Revenue Growth	3.31%	8.87%	16.71%	-3.32%	17.43%	28.83%	39.38%	-13.99%	-20.69%	14.93%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Premiums Written	-	-	-	138.13M	145.84M	205.42M	273.88M	248.63M	171.16M	204.26M
Net Premiums Written Growth	-	-	-	-	5.59%	40.85%	33.33%	-9.22%	-31.16%	19.34%
Escrow, Title-Related And Other Fees	-	-	-	7.1M	7.47M	8.32M	13.68M	21.72M	17.11M	17.95M
Escrow, Title-Related And Other Fees Growth	-	-	-	-	5.33%	11.33%	64.38%	58.80%	-21.23%	4.94%
Investment Related Revenue	-	-	-	3.49M	19.59M	13.35M	27.5M	-2.63M	16.25M	17.94M
Investment Related Revenue Growth	-	-	-	-	461.85%	-31.82%	105.92%	-109.55%	719.00%	10.37%
Non-Title Services	-	-	-	7.08M	9.92M	8.69M	9.67M	14.52M	19.24M	17.19M
Non-Title Services Growth	-	-	-	-	40.10%	-12.39%	11.20%	50.24%	32.45%	-10.63%
Other Resources, Miscellaneous	-	-	-	470K	678K	623K	4.77M	1.14M	991K	947K
Other Resources, Miscellaneous Growth	-	-	-	-	44.26%	-8.11%	665.97%	-76.09%	-13.15%	-4.44%
Operatings	122.21M	133.38M	160.26M	-	-	-	-	-	-	-
Operatings Growth	-	9.15%	20.15%	-	-	-	-	-	-	-
Others	-	-	-	-	-	-	-	-	-	-
Others Growth	-	-	-	-	-	-	-	-	-	-
Intersegment Eliminations	-1.96M	-2.39M	-6.79M	-	-	-	-	-	-	-
Intersegment Eliminations Growth	-	-22.05%	-184.53%	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Investors Title Company (ITIC) has a price-to-earnings (P/E) ratio of 15.5x. This is roughly in line with market averages.

Growth & Financials

Investors Title Company (ITIC) grew revenue by 14.9% over the past year. This is steady growth.

Yes, Investors Title Company (ITIC) is profitable, generating $23.8M in net income for fiscal year 2024 (12.0% net margin).

Dividend & Returns

Yes, Investors Title Company (ITIC) pays a dividend with a yield of 6.19%. This makes it attractive for income-focused investors.

Investors Title Company (ITIC) has a return on equity (ROE) of 12.3%. This is reasonable for most industries.

Industry Metrics

Investors Title Company (ITIC) has a combined ratio of 84.7%. A ratio below 100% indicates underwriting profitability.

US Stock Screener

...