Investors Title Company (ITIC)

Investors Title Company Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	184.82	171.16	248.63	273.89	205.42	145.84
Total Interest & Dividend Income	13.18	12.81	8.6	10.69	8.12	7.94
Gain (Loss) on Sale of Investments	7.37	3.45	-11.23	16.8	5.24	11.64
Other Revenue	35.66	37.13	37.33	24.16	17.61	18.03
Total Revenue	241.02	224.55	283.33	325.54	236.38	183.46
Revenue Growth (YoY)	1.93%	-20.75%	-12.97%	37.72%	28.85%	17.40%
Policy Benefits	4.35	4.76	4.26	5.69	5.2	3.53
Policy Acquisition & Underwriting Costs	95.15	83.37	121.57	142.82	106.81	72.78
Selling, General & Administrative	17.78	17.78	17.69	13.36	10.18	9.52
Other Operating Expenses	16.55	16.32	24.81	18.81	12.86	12.06
Total Operating Expenses	206.49	198.52	253.28	244.57	186.75	143.68
Operating Income	34.53	26.03	30.05	80.98	49.64	39.78
EBT Excluding Unusual Items	34.53	26.03	30.05	80.98	49.64	39.78
Gain (Loss) on Sale of Assets	0.34	0.2	0.06	3.96	0.03	0.05
Pretax Income	34.87	26.23	30.11	84.93	49.66	39.82
Income Tax Expense	6.32	4.54	6.21	17.91	10.24	8.37
Earnings From Continuing Ops.	28.55	21.69	23.9	67.02	39.42	31.46
Net Income	28.55	21.69	23.9	67.02	39.42	31.46
Net Income to Common	28.55	21.69	23.9	67.02	39.42	31.46
Net Income Growth	22.12%	-9.27%	-64.33%	70.02%	25.31%	43.70%
Shares Outstanding (Basic)	2	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2	2
Shares Change (YoY)	-0.30%	-0.26%	-0.11%	0.21%	-	-0.05%
EPS (Basic)	15.13	11.46	12.60	35.39	20.84	16.66
EPS (Diluted)	15.10	11.45	12.59	35.28	20.80	16.59
EPS Growth	22.45%	-9.05%	-64.31%	69.62%	25.38%	43.76%
Free Cash Flow	23.2	-1.76	30.52	45.4	30.89	19.43
Free Cash Flow Per Share	12.28	-0.93	16.08	23.89	16.29	10.25
Dividend Per Share	1.840	1.840	1.840	1.820	1.760	1.600
Dividend Growth	0%	0%	1.10%	3.41%	10.00%	0%
Operating Margin	14.33%	11.59%	10.61%	24.87%	21.00%	21.68%
Profit Margin	11.84%	9.66%	8.44%	20.59%	16.68%	17.15%
Free Cash Flow Margin	9.63%	-0.78%	10.77%	13.95%	13.07%	10.59%
EBITDA	39.06	30.15	33.63	83.41	51.9	42.04
EBITDA Margin	16.20%	13.43%	11.87%	25.62%	21.96%	22.92%
D&A For EBITDA	4.53	4.12	3.58	2.44	2.26	2.26
EBIT	34.53	26.03	30.05	80.98	49.64	39.78
EBIT Margin	14.33%	11.59%	10.61%	24.87%	21.00%	21.68%
Effective Tax Rate	18.12%	17.32%	20.61%	21.09%	20.62%	21.01%
Revenue as Reported	241.35	224.75	283.39	329.5	236.41	183.5

Source: S&P Capital IQ. Insurance template. Financial Sources.