Welcome to our dedicated page for Investors Title Co Nc news (Ticker: ITIC), a resource for investors and traders seeking the latest updates and insights on Investors Title Co Nc stock.
Investors Title Company (NASDAQ: ITIC) is a publicly held North Carolina company engaged in issuing and underwriting title insurance policies, along with related financial services. Its news flow reflects its role in the direct property and casualty insurance carriers industry and its focus on title insurance, tax-deferred exchanges of like-kind property, and investment management services.
On this page, readers can review company-issued press releases and third-party coverage that discuss quarterly and annual financial results, dividend declarations, and credit rating actions. Earnings announcements detail trends in net premiums written, escrow and other title-related fees, non-title services revenue, and investment income, as well as management commentary on real estate activity levels, mortgage interest rate trends and cost management efforts.
Regular updates also include Board decisions on cash dividends, such as recurring quarterly dividends and, at times, special cash dividends funded from existing cash balances. These items provide insight into the company’s approach to capital distribution and shareholder returns.
In addition, AM Best rating actions are covered in the news stream. AM Best has affirmed the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of “a” (Excellent) for Investors Title Insurance Company and National Investors Title Insurance Company, and a Long-Term Issuer Credit Rating of “bbb” (Good) for Investors Title Company, with a stable outlook. These rating updates offer perspective on balance sheet strength, operating performance and business profile as assessed by an external credit rating agency.
Investors, analysts and other interested readers can use this news page to follow developments related to Investors Title Company’s financial performance, dividend activity and insurance credit ratings over time.
Investors Title Company (ITIC) reported its Q2 2022 results, revealing a net income of $2.3 million or $1.20 per diluted share, down from $19.8 million or $10.42 per diluted share a year earlier. Revenues fell 16.5% to $70.9 million, impacted by a $12.2 million unrealized loss in the equity portfolio. Net premiums written rose 3.1% to achieve a record in the Texas market. However, operating expenses surged 13.9%, driven by personnel and technology costs, contributing to a decline in net income over the first half of 2022.
Investors Title Company (ITIC) has declared a cash dividend of $0.46 per share, set for shareholders of record on June 15, 2022, with payment scheduled for June 30, 2022. This move reflects the company's commitment to returning value to its shareholders. Based in North Carolina, ITIC focuses on issuing and underwriting title insurance policies and also offers services related to tax-deferred exchanges and investment management.
Investors Title Company reported Q1 2022 net income of $6.2 million ($3.25 per diluted share), down from $13.8 million ($7.29 per diluted share) year-over-year. Total revenues decreased by 4.3% to $69.0 million. Despite a record of net premiums written at $63.1 million, a $5.9 million loss in the equity investment portfolio impacted results. Operating expenses rose by 11.8% to $61.2 million, largely due to personnel costs increasing by 31.6%. Chairman J. Allen Fine expressed optimism for 2022 results amid challenges from rising mortgage rates.
Investors Title Company (NASDAQ: ITIC) has declared a cash dividend of $.46 per share for shareholders of record on March 21, 2022, payable on March 31, 2022. The company, based in North Carolina, engages in issuing and underwriting title insurance policies, providing services for tax-deferred exchanges, and offering investment management services. This dividend declaration reflects the company's commitment to returning value to its shareholders while maintaining its operational activities in the title insurance industry.
Investors Title Company reported record financial performance for Q4 and the year ended December 31, 2021. Net income surged 70% to $67 million, or $35.28 per diluted share, with quarterly net income up 13.7% to $18.9 million. Quarterly revenues rose 18% to $91 million, driven by a 16.8% increase in net premiums to $72.5 million due to higher home prices and low mortgage rates. Escrow fees jumped 53%, while non-title service revenues climbed 23.4%. Operating expenses increased 20.5%, mainly from agent commissions and staffing. Chairman J. Allen Fine emphasized strong demand for housing and robust market conditions.
Investors Title Company (NASDAQ: ITIC) has announced a special cash dividend of
Investors Title Company reported Q3 2021 net income of $14.5 million ($7.63 per diluted share), down from $15.3 million ($8.07 per share) year-over-year. Revenues rose 20.4% to $81.4 million, driven by a 26.5% increase in net premiums written to $72.3 million. Escrow fees surged 79.3%, and non-title service revenue grew 25.2%. Operating expenses rose 29.1%, largely due to higher commissions and personnel costs. For the nine months, net income increased to $48.1 million from $22.8 million.
Investors Title Company (Nasdaq: ITIC) has declared a cash dividend of $.46 per share for shareholders of record as of September 1, 2021, payable on September 15, 2021. This announcement underscores the company's commitment to returning value to investors. Investors Title specializes in issuing and underwriting title insurance policies and also offers services related to tax-deferred exchanges and investment management. The company is publicly traded on The Nasdaq Global Select Market.
Investors Title Company reported strong Q2 2021 results, achieving a net income of $19.8 million ($10.42/share), up from $14.5 million ($7.65/share) last year. Revenues soared 37.6% to $85.0 million, driven by a 42.2% increase in net premiums written due to lower interest rates and economic recovery. Escrow and other title-related fees surged 72.8%. Operating expenses rose 36.2%, but claims expenses dropped 28.0%, reflecting improved claims experience. The company anticipates a positive outlook for real estate activity due to low mortgage rates and economic recovery.
Investors Title Company (Nasdaq: ITIC) has announced a cash dividend of $.46 per share, a 4.55% increase from the previous $.44 per share. This dividend is payable to shareholders of record as of June 15, 2021, with a payment date of June 30, 2021. The company specializes in issuing and underwriting title insurance policies and provides related services, including tax-deferred exchanges and investment management.
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