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ITIC — Investors Title News Story

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Investors Title Q3 profit rises on growth in net premiums written

Overview

Investors Title Q3 net income rises to $12.2 mln, driven by higher real estate activity

Revenue for Q3 increased 6.1% to $73.0 mln, supported by premiums and non-title services

Operating expenses rose 1.2% to $57.9 mln, mainly due to higher transaction volumes

Outlook

Company says strong open order pipeline positions it well for continued momentum

Result Drivers

REAL ESTATE ACTIVITY - Higher real estate activity levels drove growth in net premiums written and escrow fees

NON-TITLE SERVICES - Revenue from like-kind exchanges and management services increased by $2.0 mln

INVESTMENT GAINS - Higher realized gains from investment securities contributed to net investment gains

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Premiums Written$56.40 mln
Q3 EPS$6.45
Q3 Net Income$12.21 mln
Q3 Basic EPS$6.47
Q3 Operating Expenses$57.93 mln
Q3 Pretax Profit$15.09 mln
Press Release: ID:nBw3sPW1pa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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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