Detail akcie Investors Title online

Business Summary: Investors Title Company is a holding company. The Company's primary business activity, and one of its segments, is the issuance of residential and commercial title insurance through Investors Title Insurance Company (ITIC) and National Investors Title Insurance Company (NITIC). Its second segment provides tax-deferred real property exchange services through its subsidiaries, Investors Title Exchange Corporation (ITEC) and Investors Title Accommodation Corporation (ITAC). It provides management services to title insurance agencies through its subsidiary, Investors Title Management Services (ITMS), and investment management and trust services to individuals and trusts. Through its two title underwriting subsidiaries, ITIC and NITIC, the Company underwrites title insurance for owners and mortgagees as a primary insurer. ITIC and NITIC offer title insurance coverage to owners and mortgagees of real estate and assume reinsurance of title insurance risks from other title insurance companies.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Investors Title Company revenues decreased 26% to $225M. Net income decreased 9% to $21.7M. Revenues reflect Title Insurance segment decrease of 25% to $219.4M. Net income also reflects Stock-based Compensation in SGA increase of 17% to $425K (expense). Dividend per share remained flat at $1.84. Basic Earnings per Share excluding Extraordinary Items decreased from $12.60 to $11.46.