NASDAQ : ITIC
Investors Title Company — Financial statements
Financials · Insurance - Specialty · United States
Last price 273.01 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 515.44M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 230.29M | 212.64M | 204.26M | 171.16M | 248.63M | 273.88M |
| Total Interest & Dividend Income | 12.86M | 12.69M | 13.26M | 12.81M | 8.60M | 10.69M |
| Gain (Loss) on Sale of Investments | 7.57M | 3.18M | 4.68M | 3.45M | -11.23M | 16.80M |
| Other Revenue | 42.24M | 44.21M | 35.87M | 37.13M | 37.33M | 24.16M |
| Total Revenue | 292.96M | 272.71M | 258.08M | 224.55M | 283.33M | 325.54M |
| Policy Benefits | 5.46M | 4.61M | 4.53M | 4.76M | 4.25M | 5.69M |
| Policy Acquisition & Underwriting Costs | 122.83M | 113.67M | 107.34M | 83.37M | 121.57M | 142.81M |
| Selling, General & Administrative | 18.06M | 17.75M | 17.90M | 17.78M | 17.68M | 13.36M |
| Other Operating Expenses | 20.91M | 20.51M | 16.94M | 16.32M | 24.81M | 18.81M |
| Total Operating Expenses | 241.19M | 228.21M | 218.84M | 198.52M | 253.28M | 244.57M |
| Operating Income | 51.77M | 44.50M | 39.24M | 26.03M | 30.05M | 80.97M |
| EBT Excluding Unusual Items | 51.76M | 44.50M | 39.24M | 26.03M | 30.05M | 80.97M |
| Gain (Loss) on Sale of Assets | 101.00K | 45.00K | 221.00K | 204.00K | 58.00K | 3.96M |
| Pretax Income | 51.86M | 44.55M | 39.46M | 26.23M | 30.11M | 84.93M |
| Income Tax Expense | 11.43M | 9.37M | 8.39M | 4.54M | 6.21M | 17.91M |
| Earnings From Continuing Ops. | 40.43M | 35.18M | 31.07M | 21.69M | 23.90M | 67.02M |
| Net Income | 40.43M | 35.18M | 31.07M | 21.69M | 23.90M | 67.02M |
| Net Income to Common | 40.43M | 35.18M | 31.07M | 21.69M | 23.90M | 67.02M |
| Shares Outstanding (Basic) | 1.89M | 1.89M | 1.89M | 1.89M | 1.90M | 1.89M |
| Shares Outstanding (Diluted) | 1.90M | 1.90M | 1.89M | 1.89M | 1.90M | 1.90M |
| EPS (Basic) | 21.41 | 18.64 | 16.48 | 11.46 | 12.60 | 35.39 |
| EPS (Diluted) | 21.34 | 18.57 | 16.43 | 11.45 | 12.59 | 35.28 |
| Free Cash Flow | 30.85M | 25.38M | 22.42M | -1.76M | 30.52M | 45.40M |
| Free Cash Flow Per Share | 16.28 | 13.39 | 11.85 | -0.93 | 16.08 | 23.89 |
| Dividend Per Share | 1.84 | 1.84 | 1.84 | 1.84 | 1.84 | 1.82 |
| Operating Margin | 17.67% | 16.32% | 15.21% | 11.59% | 10.61% | 24.87% |
| Profit Margin | 13.80% | 12.90% | 12.04% | 9.66% | 8.44% | 20.59% |
| Free Cash Flow Margin | 10.53% | 9.31% | 8.69% | -0.78% | 10.77% | 13.94% |
| EBITDA | 56.20M | 48.92M | 43.74M | 30.15M | 33.63M | 83.41M |
| EBITDA Margin | 19.18% | 17.94% | 16.95% | 13.43% | 11.87% | 25.62% |
| D&A For EBITDA | 4.44M | 4.42M | 4.50M | 4.12M | 3.58M | 2.44M |
| EBIT | 51.77M | 44.50M | 39.24M | 26.03M | 30.05M | 80.97M |
| EBIT Margin | 17.67% | 16.32% | 15.21% | 11.59% | 10.61% | 24.87% |
| Effective Tax Rate | 22.04% | 21.03% | 21.26% | 17.32% | 20.61% | 21.09% |
| Revenue as Reported | 293.06M | 272.75M | 258.30M | 224.75M | 283.39M | 329.50M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 130.51M | 118.12M | 112.97M | 63.85M | 53.99M | 79.79M |
| Investments in Equity & Preferred Securities | 73.23M | 57.53M | 53.01M | 52.07M | 65.03M | 92.16M |
| Other Investments | 59.62M | 76.16M | 66.56M | 112.75M | 108.68M | 50.92M |
| Total Investments | 263.36M | 251.81M | 232.54M | 228.67M | 227.70M | 222.87M |
| Cash & Equivalents | 20.46M | 20.84M | 24.65M | 24.03M | 35.31M | 37.17M |
| Other Receivables | 23.80M | 20.28M | 17.52M | 15.40M | 21.09M | 23.77M |
| Property, Plant & Equipment | 38.91M | 37.18M | 34.09M | 30.19M | 24.49M | 18.23M |
| Goodwill | 9.81M | 9.29M | 9.62M | 9.62M | 9.62M | 7.20M |
| Other Intangible Assets | 13.15M | 13.25M | 5.45M | 6.62M | 7.99M | 8.75M |
| Other Current Assets | 9.48M | 9.39M | 7.03M | 13.53M | 11.10M | 11.72M |
| Other Long-Term Assets | 1.16M | 1.11M | 2.65M | 2.50M | 2.46M | 1.77M |
| Total Assets | 380.12M | 363.14M | 333.57M | 330.56M | 339.76M | 331.49M |
| Accounts Payable | 22.50M | 25.93M | 18.61M | 16.66M | 32.05M | 30.47M |
| Accrued Expenses | 15.80M | 15.60M | 15.40M | 15.20M | 15.00M | 13.40M |
| Unpaid Claims | 39.10M | 38.09M | 37.06M | 37.15M | 37.19M | 36.75M |
| Current Portion of Leases | 1.93M | 1.68M | 2.25M | 2.37M | 1.91M | 1.55M |
| Current Income Taxes Payable | 276.00K | 3.33M | ||||
| Long-Term Leases | 6.79M | 6.37M | 4.10M | 4.08M | 4.93M | 3.78M |
| Long-Term Deferred Tax Liabilities | 7.43M | 7.17M | 4.09M | 3.55M | 7.67M | 13.12M |
| Total Liabilities | 93.55M | 94.84M | 81.80M | 79.01M | 98.75M | 102.40M |
| Retained Earnings | 286.41M | 267.21M | 251.42M | 250.91M | 240.81M | 225.86M |
| Comprehensive Income & Other | 162.00K | 1.09M | 355.00K | 638.00K | 200.00K | 3.23M |
| Total Common Equity | 286.57M | 268.30M | 251.77M | 251.55M | 241.01M | 229.09M |
| Shareholders' Equity | 286.57M | 268.30M | 251.77M | 251.55M | 241.01M | 229.09M |
| Total Liabilities & Equity | 380.12M | 363.14M | 333.57M | 330.56M | 339.76M | 331.49M |
| Filing Date Shares Outstanding | 1.89M | 1.89M | 1.89M | 1.89M | 1.90M | 1.90M |
| Total Common Shares Outstanding | 1.89M | 1.89M | 1.89M | 1.89M | 1.90M | 1.90M |
| Total Debt | 8.72M | 8.05M | 6.36M | 6.45M | 6.84M | 5.33M |
| Net Cash (Debt) | 11.75M | 12.79M | 18.30M | 17.58M | 28.47M | 31.84M |
| Net Cash Per Share | 6.20 | 6.75 | 9.67 | 9.29 | 15.00 | 16.76 |
| Book Value Per Share | 151.79 | 142.11 | 133.50 | 133.03 | 127.05 | 120.89 |
| Tangible Book Value | 263.61M | 245.76M | 236.70M | 235.30M | 223.40M | 213.14M |
| Tangible Book Value Per Share | 139.63 | 130.17 | 125.50 | 124.43 | 117.76 | 112.47 |
| Land | 1.15M | 999.00K | 805.00K | 805.00K | 805.00K | |
| Buildings | 5.38M | 5.86M | 6.17M | 6.46M | 4.81M | |
| Machinery | 46.39M | 41.42M | 35.37M | 26.57M | 21.67M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 40.43M | 35.18M | 31.07M | 21.69M | 23.90M | 67.02M |
| Depreciation & Amortization | 4.44M | 4.42M | 4.50M | 4.12M | 3.58M | 2.44M |
| Gain (Loss) on Sale of Assets | -101.00K | -2.81M | -221.00K | -204.00K | -58.00K | -3.96M |
| Gain (Loss) on Sale of Investments | -9.02M | -4.65M | -8.11M | -7.15M | 11.50M | -15.81M |
| Stock-Based Compensation | 556.00K | 543.00K | 394.00K | 425.00K | 362.00K | 299.00K |
| Change in Accounts Receivable | -2.43M | -1.07M | -2.72M | 5.71M | 3.91M | -3.53M |
| Change in Accounts Payable | 8.03M | 7.27M | 2.15M | -390.00K | 3.41M | 7.85M |
| Change in Income Taxes | -1.57M | -1.95M | 1.36M | 93.00K | -4.50M | 2.69M |
| Change in Insurance Reserves / Liabilities | -4.41M | -3.58M | -4.62M | -4.81M | -3.82M | -2.52M |
| Change in Other Net Operating Assets | -10.98M | -7.63M | 2.69M | -9.38M | 537.00K | -9.03M |
| Other Operating Activities | 6.95M | 5.21M | 3.34M | -2.68M | -2.61M | 6.47M |
| Operating Cash Flow | 31.91M | 30.94M | 29.84M | 7.43M | 36.20M | 51.93M |
| Capital Expenditures | -1.05M | -5.56M | -7.42M | -9.19M | -5.68M | -6.53M |
| Sale of Property, Plant & Equipment | 131.00K | 515.00K | 275.00K | 529.00K | 26.00K | 6.74M |
| Cash Acquisitions | -4.54M | -4.54M | -4.93M | |||
| Investment in Securities | -15.73M | -5.25M | 8.89M | 1.96M | -18.19M | 7.90M |
| Other Investing Activities | 29.00K | 960.00K | ||||
| Investing Cash Flow | -21.19M | -14.82M | 1.75M | -6.70M | -28.75M | 9.07M |
| Repurchases of Common Stock | -1.10M | -959.00K | -133.00K | |||
| Common Dividends Paid | -19.93M | -19.93M | -3.47M | -3.48M | -3.49M | -3.45M |
| Other Financing Activities | -1.00K | -1.00K | ||||
| Financing Cash Flow | -19.93M | -19.93M | -30.96M | -12.01M | -9.31M | -37.55M |
| Net Cash Flow | -9.22M | -3.82M | 623.00K | -11.28M | -1.86M | 23.45M |
| Free Cash Flow | 30.85M | 25.38M | 22.42M | -1.76M | 30.52M | 45.40M |
| Free Cash Flow Margin | 10.53% | 9.31% | 8.69% | -0.78% | 10.77% | 13.94% |
| Free Cash Flow Per Share | 16.28 | 13.39 | 11.85 | -0.93 | 16.08 | 23.89 |
| Levered Free Cash Flow | 51.13M | 20.72M | 79.82M | -6.91M | -37.08M | 24.15M |
| Unlevered Free Cash Flow | 51.14M | 20.72M | 79.82M | -6.91M | -37.08M | 24.15M |
| Cash Income Tax Paid | 9.14M | 8.41M | 6.62M | 8.69M | 15.36M | 10.41M |
| Change in Working Capital | -11.35M | -6.96M | -1.14M | -8.78M | -467.00K | -4.53M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 507.34M | 471.21M | 446.08M | 306.55M | 279.90M | 373.43M |
| Enterprise Value | 495.60M | 456.08M | 426.70M | 282.77M | 244.91M | 328.34M |
| PE Ratio | 12.59 | 13.39 | 14.36 | 14.14 | 11.71 | 5.57 |
| PS Ratio | 1.73 | 1.73 | 1.73 | 1.36 | 0.99 | 1.15 |
| PB Ratio | 1.77 | 1.76 | 1.77 | 1.22 | 1.16 | 1.63 |
| P/FCF Ratio | 16.44 | 18.56 | 19.90 | 9.17 | 8.23 | |
| P/OCF Ratio | 15.90 | 15.23 | 14.95 | 41.28 | 7.73 | 7.19 |
| EV/Sales Ratio | 1.69 | 1.67 | 1.65 | 1.26 | 0.86 | 1.01 |
| EV/EBITDA Ratio | 8.82 | 9.32 | 9.76 | 9.38 | 7.28 | 3.94 |
| EV/EBIT Ratio | 9.57 | 10.25 | 10.87 | 10.87 | 8.15 | 4.05 |
| EV/FCF Ratio | 16.06 | 17.97 | 19.04 | 8.02 | 7.23 | |
| Debt / Equity Ratio | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 |
| Debt / EBITDA Ratio | 0.15 | 0.16 | 0.14 | 0.20 | 0.19 | 0.06 |
| Debt / FCF Ratio | 0.28 | 0.32 | 0.28 | 0.22 | 0.12 | |
| Net Debt / Equity Ratio | -0.04 | -0.05 | -0.07 | -0.07 | -0.12 | -0.14 |
| Net Debt / EBITDA Ratio | -0.21 | -0.26 | -0.42 | -0.58 | -0.85 | -0.38 |
| Net Debt / FCF Ratio | -0.38 | -0.50 | -0.82 | 9.99 | -0.93 | -0.70 |
| Quick Ratio | 1.19 | 1.33 | 1.36 | 2.08 | 1.85 | 1.24 |
| Current Ratio | 1.33 | 1.47 | 1.47 | 2.29 | 1.99 | 1.39 |
| Asset Turnover | 0.81 | 0.78 | 0.78 | 0.67 | 0.84 | 1.06 |
| Return on Equity (ROE) | 14.63% | 13.53% | 12.35% | 8.80% | 10.17% | 31.21% |
| Return on Assets (ROA) | 8.91% | 7.99% | 7.39% | 4.85% | 5.60% | 16.47% |
| Return on Invested Capital (ROIC) | 13.99% | 13.15% | 11.97% | 8.51% | 9.89% | 29.14% |
| Earnings Yield | 7.94% | 7.47% | 6.97% | 7.07% | 8.54% | 17.95% |
| FCF Yield | 6.08% | 5.39% | 5.03% | -0.57% | 10.90% | 12.16% |
| Dividend Yield | 3.93% | 0.74% | 0.78% | 1.14% | 1.25% | 0.92% |
| Payout Ratio | 49.49% | 56.66% | 11.16% | 16.05% | 14.60% | 5.15% |
| Buyback Yield / Dilution | 0.03% | -0.16% | 0.05% | 0.26% | 0.10% | -0.21% |
| Total Shareholder Return | 3.96% | 0.58% | 0.83% | 1.40% | 1.35% | 0.71% |