Trade Investors Title Co - ITIC CFD

Investors Title Company profile

About Investors Title Company

Investors Title Company is an insurance holding company. The Company is primarily engaged in issuing title insurance through two subsidiaries, Investors Title Insurance Company (ITIC) and National Investors Title Insurance Company (NITIC). Its principal activities include issuance of residential and commercial title insurance through ITIC and NITIC. The Company also provides tax-deferred real property exchange services through its subsidiaries, ITIC and NITIC. It provides management services to title insurance agencies through its subsidiary, ITIC and NITIC. The Company's Issuing agents include real estate attorneys, independent agents or subsidiaries of community and regional mortgage lending institutions, depending on local customs and regulations.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Investors Title Company revenues increased 36% to $314.6M. Net income increased 70% to $67M. Revenues reflect Title Insurance segment increase of 38% to $327.9M, All Other segment increase of 82% to $20.1M. Net income benefited from FV Adjustments of Financial Investments increase from $4.9M to $14.9M (income). Dividend per share increased from $1.76 to $1.82.

Equity composition

Common Stock no Par, 04/11, 10M auth., 2,571,872 issd., less 291,676 shs. in Treas. @ Cost. Insiders control 30.89% (incl.20K in options). Markel Corp. owns 10%. Public Offering 11/71, 350K Units (1 Common and 1 Warrant expired 1/77) @ $4 by the Company. 9/87, 2-for-1 stock split.