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Sep 30, 2020
Investors Title Q3 2020 Earnings Report
Reported record third quarter with all-time high revenues, net premiums written, and net income.
Key Takeaways
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.
Net income was $15.3 million, or $8.07 per diluted share, compared to $8.0 million, or $4.20 per diluted share, for the prior year period.
Revenues increased 41.1% to $67.6 million, compared with $47.9 million for the prior year quarter.
Net premiums written increased 42.4% to $57.2 million year-over-year.
Income before income taxes increased 88.2% to $18.9 million, or 58.5% on a non-GAAP basis.
Revenue by Segment
Forward Guidance
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Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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