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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	179.78	171.16	248.63	273.89	205.42	145.84
Total Interest & Dividend Income	12.27	12.81	8.6	10.69	8.12	7.94
Gain (Loss) on Sale of Investments	5.58	3.45	-11.23	16.8	5.24	11.64
Other Revenue	36.14	37.13	37.33	24.16	17.61	18.03
Total Revenue	233.77	224.55	283.33	325.54	236.38	183.46
Revenue Growth (YoY)	-7.63%	-20.75%	-12.97%	37.72%	28.85%	17.40%
Policy Benefits	4.52	4.76	4.26	5.69	5.2	3.53
Policy Acquisition & Underwriting Costs	89.87	83.37	121.57	142.82	106.81	72.78
Selling, General & Administrative	17.59	17.78	17.69	13.36	10.18	9.52
Other Operating Expenses	16.37	16.32	24.81	18.81	12.86	12.06
Total Operating Expenses	202.05	198.52	253.28	244.57	186.75	143.68
Operating Income	31.72	26.03	30.05	80.98	49.64	39.78
EBT Excluding Unusual Items	31.72	26.03	30.05	80.98	49.64	39.78
Gain (Loss) on Sale of Assets	0.17	0.2	0.06	3.96	0.03	0.05
Pretax Income	31.89	26.23	30.11	84.93	49.66	39.82
Income Tax Expense	5.57	4.54	6.21	17.91	10.24	8.37
Earnings From Continuing Ops.	26.32	21.69	23.9	67.02	39.42	31.46
Net Income	26.32	21.69	23.9	67.02	39.42	31.46
Net Income to Common	26.32	21.69	23.9	67.02	39.42	31.46
Net Income Growth	8.72%	-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)	-0.42%	-0.26%	-0.11%	0.21%	-	-0.05%
EPS (Basic)	13.94	11.46	12.60	35.39	20.84	16.66
EPS (Diluted)	13.93	11.45	12.59	35.28	20.80	16.59
EPS Growth	9.19%	-9.05%	-64.31%	69.62%	25.38%	43.76%
Free Cash Flow	16.21	-1.76	30.52	45.4	30.89	19.43
Free Cash Flow Per Share	8.58	-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	13.57%	11.59%	10.61%	24.87%	21.00%	21.68%
Profit Margin	11.26%	9.66%	8.44%	20.59%	16.68%	17.15%
Free Cash Flow Margin	6.93%	-0.78%	10.77%	13.95%	13.07%	10.59%
EBITDA	36.2	30.15	33.63	83.41	51.9	42.04
EBITDA Margin	15.48%	13.43%	11.87%	25.62%	21.96%	22.92%
D&A For EBITDA	4.48	4.12	3.58	2.44	2.26	2.26
EBIT	31.72	26.03	30.05	80.98	49.64	39.78
EBIT Margin	13.57%	11.59%	10.61%	24.87%	21.00%	21.68%
Effective Tax Rate	17.47%	17.32%	20.61%	21.09%	20.62%	21.01%
Revenue as Reported	233.93	224.75	283.39	329.5	236.41	183.5

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