INVESTORS TITLE CO ITIC
Investors Title Company (the "Company") is a holding company that operates through its subsidiaries and was incorporated as a corporation under the laws of the state of North Carolina in 1973. The Company became operational in 1976, when it acquired Investors Title Insurance Company ("ITIC"), which had itself been operating since 1972, as a wholly owned subsidiary under a plan of exchange of shares of common stock. In 1983, the Company acquired National Investors Title Insurance Company ("NITIC"), formerly Northeast Investors Title Insurance Company, which had itself been operating since 1973, as a wholly owned subsidiary under a plan of exchange of shares of common stock. The Company's executive offices are located at 121 North Columbia Street, Chapel Hill, North Carolina 27514 and its telephone number is (919) 968-2200. The Company maintains a website at www.invtitle.com. The contents of the Company's website are not and shall not be a part of this Annual Report on Form 10-K or any other SEC filing.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $40.9M | $35.1M | $36.3M | $36.2M | $23.3M | $17.0M | $17.4M | $14.2M | $13.0M | $8.2M |
| Total operating expenses | $228.2M | $218.8M | $198.5M | $253.3M | $244.6M | $186.7M | — | — | — | — |
| Pre-tax income | $44.5M | $39.5M | $26.2M | $30.1M | $84.9M | $49.7M | $39.8M | $27.1M | $30.3M | $28.1M |
| Income tax | $9.4M | $8.4M | $4.5M | $6.2M | $17.9M | $10.2M | $8.4M | $5.2M | $4.6M | $8.6M |
| Net income | $35.2M | $31.1M | $21.7M | $23.9M | $67.0M | $39.4M | $31.5M | $21.9M | $25.7M | $19.5M |
| EPS, basic | 18.64 | 16.48 | 11.45 | 12.60 | 35.38 | 20.84 | 16.66 | 11.60 | 13.63 | 10.23 |
| EPS, diluted | 18.57 | 16.43 | 11.45 | 12.59 | 35.28 | 20.80 | 16.59 | 11.54 | 13.56 | 10.19 |
| Shares, diluted (wtd. avg.) | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $20.8M | $24.7M | $24.0M | $35.3M | $37.2M | $13.7M | $25.9M | $18.7M | $20.2M | $27.9M |
| Short-term investments | $68.8M | $59.1M | $110.2M | $103.6M | $45.9M | $15.2M | $13.1M | $32.8M | $23.8M | $6.6M |
| Property, plant and equipment | $29.4M | $27.9M | $23.9M | $17.8M | $13.0M | $11.2M | $9.8M | $10.3M | $10.2M | $8.8M |
| Goodwill | $9.3M | $9.6M | $9.6M | $9.6M | $7.2M | $4.4M | $4.4M | $4.4M | $4.3M | $4.3M |
| Other intangibles | $11.5M | $5.3M | $6.4M | $7.8M | $8.6M | $5.4M | $5.9M | $6.4M | $7.0M | $7.9M |
| Total assets | $363.1M | $333.6M | $330.6M | $339.8M | $331.5M | $282.9M | $263.9M | $244.3M | $248.9M | $228.9M |
| Total liabilities | $94.8M | $81.8M | $79.0M | $98.7M | $102.4M | $82.5M | $72.5M | $68.6M | $71.0M | $73.8M |
| Retained earnings | $267.2M | $251.4M | $250.9M | $240.8M | $225.9M | $196.1M | $188.3M | $174.7M | $161.9M | $143.3M |
| Total equity | $268.3M | $251.8M | $251.6M | $241.0M | $229.1M | $200.4M | $191.4M | $175.6M | $177.9M | $155.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $30.9M | $29.8M | $7.4M | $36.2M | $51.9M | $34.1M | $20.9M | $24.4M | $19.9M | $22.6M |
| Depreciation and amortisation | $3.6M | $3.3M | $2.8M | $2.3M | $1.9M | $1.8M | $1.8M | $1.7M | $1.4M | $1.3M |
| Stock-based compensation | $543.0K | $394.0K | $425.0K | $362.0K | $299.0K | $229.0K | $264.0K | $327.0K | $219.0K | $132.0K |
| Capital expenditure | $5.6M | $7.4M | $9.2M | $5.7M | $6.5M | $3.2M | $1.5M | $1.9M | $2.9M | $2.5M |
| Investing cash flow | -$14.8M | $1.7M | -$6.7M | -$28.7M | $9.1M | -$14.6M | $4.5M | -$2.8M | -$20.3M | -$8.8M |
| Financing cash flow | -$19.9M | -$31.0M | -$12.0M | -$9.3M | -$37.6M | -$31.7M | -$18.1M | -$23.1M | -$7.3M | -$7.6M |
| Dividends paid | $19.9M | $29.9M | $11.0M | $9.2M | $37.6M | $31.7M | $18.1M | $23.0M | $7.1M | $1.4M |
| Buybacks | $0 | $1.1M | $959.0K | $133.0K | $0 | $6.0K | $19.0K | $29.0K | $246.0K | $6.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-014376.
Others in SIC 6361
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| FNF | Fidelity National Financial, Inc. | $12.28B | 20.7x | 9.1% |
| FAF | First American Financial Corp | $7.43B | 12.1x | 21.6% |
| STC | STEWART INFORMATION SERVICES CORP | $2.06B | 16.7x | 17.3% |