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ITIC — Investors Title News Story

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Investors Title Q4 revenue down 1.6% due to decline in net premiums written

Overview

Title insurance provider's Q4 revenue decreased 1.6% yr/yr due to lower net premiums

Net income for Q4 fell to $7.5 mln from $8.4 mln yr/yr

Operating expenses rose slightly due to higher personnel and other costs

Outlook

Company did not provide specific guidance for future quarters or the full year in its press release

Result Drivers

NET PREMIUMS DECLINE - Decrease in net premiums written due to market-driven factors impacting prior year accruals

NON-TITLE SERVICES GROWTH - Increase in non-title services revenue driven by like-kind exchanges and management services

OPERATING EXPENSES - Slight increase in operating expenses due to higher personnel costs and professional services charges

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Premiums Written$55.40 mln
Q4 EPS$3.97
Q4 Net Income$7.52 mln
Q4 Basic EPS$3.98
Q4 Operating Expenses$59.91 mln
Q4 Pretax Profit$9.61 mln
Press Release: ID:nBwbdDcVfa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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