Investors Title Company (ITIC)

Investors Title Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	224.75	283.39	329.5	236.41	183.5
Revenue Growth (YoY)	-20.69%	-13.99%	39.38%	28.83%	17.43%
Gross Profit	224.75	283.39	329.5	236.41	183.5
Selling, General & Admin	177.44	224.22	220.07	168.69	128.09
Other Operating Expenses	21.08	29.06	24.5	18.06	15.59
Operating Expenses	198.52	253.28	244.57	186.75	143.68
Operating Income	26.23	30.11	84.93	49.66	39.82
Pretax Income	26.23	30.11	84.93	49.66	39.82
Income Tax	4.54	6.21	17.91	10.24	8.37
Net Income	21.69	23.9	67.02	39.42	31.46
Net Income Growth	-9.27%	-64.33%	70.02%	25.31%	43.70%
Shares Outstanding (Basic)	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2
Shares Change	-0.26%	-0.11%	0.21%	-	-0.05%
EPS (Basic)	11.45	12.60	35.38	20.84	16.66
EPS (Diluted)	11.45	12.59	35.28	20.80	16.59
EPS Growth	-9.05%	-64.31%	69.62%	25.38%	43.76%
Free Cash Flow	-1.23	30.55	52.14	30.98	19.73
Free Cash Flow Per Share	-0.65	16.10	27.53	16.37	10.45
Dividend Per Share	5.840	4.840	19.820	16.760	9.600
Dividend Growth	20.66%	-75.58%	18.26%	74.58%	-21.31%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	11.67%	10.62%	25.78%	21.01%	21.70%
Profit Margin	9.65%	8.43%	20.34%	16.67%	17.14%
Free Cash Flow Margin	-0.55%	10.78%	15.82%	13.10%	10.75%
Effective Tax Rate	17.32%	20.61%	21.09%	20.62%	21.01%
EBITDA	28.99	32.41	86.82	51.42	41.58
EBITDA Margin	12.90%	11.44%	26.35%	21.75%	22.66%
Depreciation & Amortization	2.76	2.3	1.89	1.76	1.76
EBIT	26.23	30.11	84.93	49.66	39.82
EBIT Margin	11.67%	10.62%	25.78%	21.01%	21.70%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).