Loading...
•
Jun 30, 2021
Investors Title Q2 2021 Earnings Report
Achieved record quarterly results driven by strong refinance activity and home sales.
Key Takeaways
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.
Company set all-time quarterly records for total revenues, net premiums written and net income.
Revenues for the quarter increased 37.6% to $85.0 million.
Net income reached $19.8 million, or $10.42 per diluted share.
The company experienced revenue growth in all of its key markets and across all channels.
Revenue by Segment
Forward Guidance
The outlook for real estate activity for the remainder of the year continues to be generally positive, and the company believes 2021 will be another record year for the industry.
Positive Outlook
- Mortgage interest rates continue to hover near record low levels, and have offset some of the impact of higher prices.
- The economy overall is showing clear signs of recovery amid strong government stimulus measures.
- More than half of the population receiving vaccinations.
- More establishments reopening.
- Unemployment levels continuing to fall.
Challenges Ahead
- The pace of existing home sales has slowed in recent months as prices have continued to rise.
- Severity and duration of the COVID-19 pandemic (including any of its variants) and its effects on the economy and the Company’s business.
- The cyclical demand for title insurance due to changes in the residential and commercial real estate markets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...