Investors Title Company's total revenues increased to $56.57 million in Q1 2025 from $53.46 million in Q1 2024. However, net income decreased to $3.17 million from $4.53 million in the prior year, and EPS also saw a decline. The increase in revenues was primarily driven by higher net premiums written and non-title services, while operating expenses also increased significantly.
Investors Title Company reported a strong fourth quarter with a 31.6% increase in revenues to $70.6 million and net income of $8.4 million, or $4.41 per diluted share, driven by increased activity levels and expansion initiatives.
Investors Title Company reported a strong third quarter with a 12.1% increase in revenues to $68.8 million and net income of $9.3 million, or $4.92 per diluted share, compared to the prior year period. The growth was primarily driven by increased net premiums written and positive net investment gains.
Investors Title Company reported a strong second quarter with a 17.0% increase in net income compared to the prior year period. Revenues increased by 12.1%, driven by higher premiums written due to increased market activity and rising average home prices. The company's expense management efforts and relatively low claims experience also contributed to the positive results.
Investors Title Company reported a strong first quarter with a 4.1% increase in revenues to $53.5 million and a significant rise in net income to $4.5 million, or $2.40 per diluted share. The improved performance was driven by higher premiums written, increased net investment gains, and a decrease in operating expenses due to reduced staffing levels and overhead.
Investors Title Company reported a decrease in net income for the fourth quarter of 2023, primarily due to lower revenues from its title insurance business and net investment gains. These decreases were partially offset by increases in interest and dividend income and other investment income. The company noted that elevated interest rates and housing inventory constraints contributed to the decline in real estate transaction volumes.
Investors Title Company reported a decrease in net income for Q3 2023, with revenues declining by 21.3% due to decreases in title insurance business and investment income. This was partially offset by increases in non-title services revenue and interest income and an improvement in net investment (losses) gains.
Investors Title Company announced results for the second quarter ended June 30, 2023. The Company reported net income of $7.6 million, or $4.00 per diluted share. Revenues decreased 17.8% to $58.3 million, compared with $70.9 million for the prior year quarter, primarily as a result of decreases in the Company’s title insurance business, partially offset by increases in investment income.
Investors Title Company reported a decrease in net income to $1.2 million, or $0.62 per diluted share, compared to $6.2 million, or $3.25 per diluted share, for the prior year period. Revenues also decreased by 25.6% to $51.3 million, primarily due to a 38.3% decrease in revenues related to the title insurance business.
Investors Title Company reported a decrease in net income by 60.2% to $7.5 million, or $3.97 per diluted share, and a decrease in revenues by 28.1% to $65.5 million for the fourth quarter of 2022, compared to the prior year period, primarily due to a decline in net premiums written and changes in the estimated fair value of equity security investments.
Investors Title Company reported a decrease in net income for Q3 2022, with revenues also declining due to an unrealized loss in the equity portfolio and a decrease in net premiums written. However, this was partially offset by gains on sales of equity investments and increases in revenue from escrow fees, other title-related fees, and non-title services. The company is expanding its market footprint and making targeted investments.
Investors Title Company reported a decrease in net income for the second quarter of 2022, primarily due to market losses in its equity portfolio and a non-recurring gain on the sale of property in the prior year quarter. However, net premiums written increased, setting a second quarter record, driven by higher average home values and growth in the Texas market.
Investors Title Company announced results for the quarter ended March 31, 2022, with net income decreasing to $6.2 million, or $3.25 per diluted share, compared to $13.8 million, or $7.29 per diluted share, in the prior year period. Total revenues also decreased by 4.3% to $69.0 million. However, the company set a first quarter record for net premiums written, which increased by 2.7% to $63.1 million.
Investors Title Company announced record fourth-quarter and fiscal year 2021 results. Net income for the quarter increased by 13.7% to $18.9 million, with revenues up by 18.0% to $91.0 million. The company set all-time quarterly and annual records for total revenues and net premiums written, in addition to setting an all-time annual record for net income.
Investors Title Company announced results for the third quarter ended September 30, 2021. The Company reported net income of $14.5 million, or $7.63 per diluted share. Revenues increased 20.4% to $81.4 million. The Company set an all-time record for net premiums written in a quarter.
Investors Title Company reported record second-quarter results, with a 37.6% increase in revenues to $85.0 million and net income of $19.8 million, or $10.42 per diluted share, driven by strong refinance activity and home sales.
Investors Title Company announced record results for Q1 2021, with net income of $13.8 million, or $7.29 per diluted share, compared to a net loss of $7.0 million, or $3.71 per diluted share, for the prior year period. Revenues increased 141.1% to $72.1 million, and net premiums written increased 59.2% to $61.5 million.
Investors Title Company announced record results for Q4 2020. Net income increased by 46.2% to $16.6 million, and revenues increased by 45.8% to $77.1 million. The company set all-time quarterly records for total revenues, net premiums written, and net income.
Investors Title Company announced exceptionally strong third quarter results, exceeding all prior Company quarterly records for revenues and earnings, driven by low mortgage interest rates and rising real estate values.
Investors Title Company announced record results for the second quarter ended June 30, 2020. Revenues increased 44.5% to an all-time quarterly record of $61.7 million. Net income was reported as $14.5 million, or $7.65 per diluted share.
Investors Title Company reported a net loss of $7.0 million, or $3.71 per diluted share, compared to a net income of $6.6 million, or $3.49 per diluted share, for the prior year period. Total revenues decreased by 25.1% to $29.9 million, primarily due to a $14.5 million decrease in the fair value of equity security investments. Excluding the impact of changes in the estimated fair value of equity security investments, income before income taxes (non-GAAP) increased 62.8% to $5.9 million.
Investors Title Company reported record fourth quarter net income of $11.4 million, or $6.00 per diluted share, compared to $135,000, or $0.07 per diluted share, in the prior year period. The company's revenues for the year increased by 17.4% to a record $183.5 million.