Investors Title Company

NasdaqGS:ITIC Stock Report

Market Cap: US$476.9m

Investors Title Past Earnings Performance

Past criteria checks 3/6

Investors Title's earnings have been declining at an average annual rate of -16.6%, while the Insurance industry saw earnings growing at 14.6% annually. Revenues have been declining at an average rate of 3.9% per year. Investors Title's return on equity is 14%, and it has net margins of 13.6%.

Key information

-16.63%

Earnings growth rate

-16.51%

EPS growth rate

Insurance Industry Growth8.02%
Revenue growth rate-3.90%
Return on equity13.95%
Net Margin13.59%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Seeking Alpha • Apr 15

Investors Title Company: Strong Fundamentals, Litigation Overhangs, Hold For Now (Rating Downgrade)

Summary Investors Title Company remains a niche, conservatively managed title insurer with strong capital discipline and improving margins. Recent financials show revenue up 5.6% and net income at $35.2M, but special dividends were meaningfully reduced for 2025. Valuation analysis yields modest upside (target price range: $217.64–$335.19), with no clear margin of safety at current levels. With unresolved litigation and cyclical earnings, I revise my rating to Hold, pending a housing market normalization catalyst. Read the full article on Seeking Alpha
Analysis Article • Jun 01

Investors Title (NASDAQ:ITIC) Will Pay A Dividend Of $0.46

Investors Title Company's ( NASDAQ:ITIC ) investors are due to receive a payment of $0.46 per share on 30th of June...
Seeking Alpha • Dec 23

Investors Title Company: NC Insurer Still Has Room To Climb

Summary Investors Title Company maintains a Buy rating due to strong organic growth in Texas and Florida, despite higher interest rates impacting real estate transactions. Year-over-year revenues increased by 9.6%, with YTD earnings up over 40%, supported by a significant dividend and an impressive balance sheet. My valuation of $300 remains justified, with the company demonstrating resilience and growth potential even in a high-rate environment. Key risks include the potential diminishing influence of the Fine family and market reactions to interest rate changes; however, the current price offers an attractive discount. Read the full article on Seeking Alpha
Seeking Alpha • Sep 20

Investors Title Company: Lower Interest Rate Will Boost Net Income

Summary Investors Title Company has a low-risk business model with stable revenue from underwriting title insurance contracts, benefiting from increased home sales. ITIC reported strong financials in Q2 and H1, with a net profit of $8.9M and EPS of $4.71, driven by higher premium income. The company has a solid balance sheet with no financial debt and significant cash reserves, supporting its liquidity and potential for special dividends. Lower interest rates are expected to boost home purchases and demand for title insurance, making ITIC a 'hold' but a 'buy on weakness' for future gains. Read the full article on Seeking Alpha
Analysis Article • Aug 16

Investors Title (NASDAQ:ITIC) Is Paying Out A Dividend Of $0.46

Investors Title Company ( NASDAQ:ITIC ) will pay a dividend of $0.46 on the 16th of September. This makes the dividend...
Analysis Article • May 21

Investors Title (NASDAQ:ITIC) Will Pay A Dividend Of $0.46

Investors Title Company ( NASDAQ:ITIC ) has announced that it will pay a dividend of $0.46 per share on the 28th of...
Seeking Alpha • May 17

Investors Title Company: A Solid, Growing NC Title Insurer

Summary Investors Title Company has consistently reported positive earnings since 2009 and enjoys a very healthy balance sheet. Despite a decline in revenues compared to the surge in real estate activity during COVID, ITIC has shown long-term growth and has opportunities for expansion in Texas and Florida. ITIC's strong relationships with local attorneys in the South and its ability to launch adjacent operations have given the company a strong moat and additional income sources. Read the full article on Seeking Alpha
Analysis Article • Mar 08

Investors Title (NASDAQ:ITIC) Has Affirmed Its Dividend Of $0.46

Investors Title Company's ( NASDAQ:ITIC ) investors are due to receive a payment of $0.46 per share on 29th of March...
Analysis Article • Aug 18

Investors Title (NASDAQ:ITIC) Has Affirmed Its Dividend Of $0.46

The board of Investors Title Company ( NASDAQ:ITIC ) has announced that it will pay a dividend of $0.46 per share on...
Analysis Article • May 21

Investors Title (NASDAQ:ITIC) Will Pay A Dividend Of $0.46

Investors Title Company's ( NASDAQ:ITIC ) investors are due to receive a payment of $0.46 per share on 30th of June...
Analysis Article • Mar 10

Investors Title (NASDAQ:ITIC) Has Affirmed Its Dividend Of $0.46

Investors Title Company ( NASDAQ:ITIC ) will pay a dividend of $0.46 on the 31st of March. Based on this payment, the...
Seeking Alpha • Oct 07

Investors Title Company Looks Set To Successfully Battle Industry Headwinds

Summary Investors Title has been well run by the founding Fine family for a number of years, who have maintained a conservative balance sheet and grown premiums at 9% per year. Title premiums are set to be challenged by a battered real estate market, but Investors Title's market share growth in Texas should partially offset those headwinds. At close to 1.1x book value versus a historical valuation of 1.5x, the company may be one that patient investors want to accumulate as its long-term potential remains solid. Investors Title Company (ITIC) is a Chapel Hill, North Carolina based company that has primarily issued title insurance policies since the middle of the 1970s. The company is relatively small when compared to peers with national scale. Over the last year it has recorded $278 million in premiums, compared with industry leader Fidelity National (FNF), whose premiums totaled about $8.5 billion. Investors Title was started by J. Allen Fine in anticipation of an increased need for title insurance from increased sales of mortgages on secondary markets. The Fine family continues to manage the company, and has done so quite well over time, regularly earning double digit returns on equity and growing premiums at a rate of about 9% per year. The family's ownership stands at 24% today and Mr. Fine's two sons currently occupy the roles of Chief Operating Officer and Chief Financial Officer. I last wrote about Investors Title soon after the pandemic began in April 2020. Expecting potential upheaval in the real estate market, I suggested that premiums could decline by 12% in 2020 and only modestly improve in 2021. Despite that, shares looked cheap at a price to book ratio of ~1.1x and significant excess capital. Performance since that time has been strong and it would be an understatement to say that market conditions exceeded my expectations. Throughout the past two years, the company has paid a significant amount of its excess cash flow back to investors in the form of special dividends. However, book value per share has also grown since the end of 2019 by 21% and shares are once again trading at a not too dissimilar price to book value as they did in April 2020 of 1.14x. Given potential expansion opportunities and the current valuation, investors may want to consider accumulating shares despite today’s negative market conditions. Investors Title Company’s Appeal Within the Title Industry Three primary reasons exist for the appeal of Investors Title shares when the valuation becomes attractive. The management of the Fine family has always been exceptional, the ownership of the Fine family minimizes agency costs, and the size and scope of the company’s operations mean that they are playing a very different game than the industry giants. None of those factors seem likely to change anytime soon. The company primarily operates in only four states, which represent about 80% of total premiums: North Carolina, South Carolina, Georgia, and Texas. As opposed to the national, publicly traded peers that compete with Investors Title, the company can pick and choose where it wants to grow based upon the economics of potential expansion. Currently, Texas appears to be an opportunistic priority. About $5 million has been spent so far to buy agencies in Texas and payroll and other back-end costs have also increased by an above average amount to expand within Texas. Results so far appear to be bearing fruit as Texas premiums so far this year have increased by 83% compared to a 15% decline in non-Texas premiums. The company discloses little about its plans for future expansion, but the last major housing downturn was also the last time that a significant market expansion occurred, with the initial entry into the Texas market in 2010. It would not be unreasonable to think that the company will continue to be opportunistic and counter-cyclical in its approach. An enormously strong balance sheet allows for the pursuit of these opportunities. The company has consistently been overcapitalized throughout its history. The investment portfolio at the end of June totaled $243 million, with 44% of the figure invested in cash or short-term investments. Investors Title selected financial information, 2018 to present. (Author based on financial filings) How much of those investment funds are excess? The company has retained tangible equity nearly six times the amount of estimated claims reserves on the balance sheet. Many other publicly traded title insurers also own non-title related businesses, but it does not seem aggressive to assume that tangible equity could comfortably be at only twice what the level of claims reserves are, which would imply as much as $140 million of the investment portfolio is excess. If the company wanted to become even more aggressive, the balance sheet could even be further levered up. This amount of excess capital has been put to excellent use over time and the current expansion in Texas may only be the beginning of expansion in the current cycle. Industry Conditions If the real estate market was what could be called an “average” market at the moment, Investors Title shares would be a steal. But, mortgage rates moving from below 3% to above 7% in a single year has taken its toll on both the residential and commercial real estate markets. It currently appears as if full-year mortgage originations are likely to come in at about $2.4 trillion this year compared to $4.0 trillion in 2021. Freddie Mac is estimating that 2023 originations could decline again to $2.2 trillion. Mortgage originations and mortgage rates, 2001 to 2023 (FRED, MBA, and Freddie Mac) While we cannot predict precisely just how strained mortgage originations will become, volume at levels similar to before the pandemic would not be a tragedy. Keep in mind that the dollar amounts of mortgage originations being projected consider a much sharper drop in unit originations at higher prices than prevailed prior to the pandemic – should prices steeply decline as they did after the financial crisis, then origination volumes could look starkly different in coming years. On the positive side, it also appears that forward projections also assume that repurchase volume will stay historically low. Given that there is a realistic scenario where mortgage rates do moderate to something in the 5% to 6% in the next couple of years, an argument could be made that some pent up refinancing demand could take place. Investors Title is in the enviable position of taking market share on a pretty consistent basis. Premiums have averaged growth of about 9% per year going back to the turn of the century. Investors Title net premiums written versus mortgage origination volume (Investors Title financial filings, MBA, and FRED) Between the mortgage originations peak in 2003 and 2010, premiums written did decline by a significant 27% compared to a decline in mortgage originations of 51%. Starting in 2010, the company’s entry into Texas provided growth that dwarfed external market influences. A large reason why premiums this year have fallen less than the mortgage market has fallen industry-wide has been because so much of the fall has been refinancing, which typically come in with lower premiums than purchases. It still remains safe to presume that given the expansion happening in Texas that premium volume will fall at a much lower rate than the market. My current projections calls for about a 4% full-year decline this year (YTD they have increased by 3%) and another 9% decline in 2023. Valuation How do we value Investors Title? The easiest and simplest way is to use a price to book ratio. For a fairly long stretch after the financial crisis, the company traded at a discount to book value, but since the middle part of the last decade has consistently traded at a premium. Over the last five years, the average ratio has tended towards about 1.5x.
Seeking Alpha • Aug 05

Investors Title GAAP EPS of $1.20, revenue of $83.07M

Investors Title press release (NASDAQ:ITIC): Q2 GAAP EPS of $1.20. Revenue of $83.07M (+3.7% Y/Y).

Revenue & Expenses Breakdown

How Investors Title makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:ITIC Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2628038900
31 Dec 2527335890
30 Sep 2527436880
30 Jun 2526933890
31 Mar 2526130900
31 Dec 2425831900
30 Sep 2424129900
30 Jun 2423426910
31 Mar 2422725920
31 Dec 2322522940
30 Sep 2323623980
30 Jun 23253241000
31 Mar 23266191020
31 Dec 22283241030
30 Sep 2230935970
30 Jun 2231242900
31 Mar 2232659840
31 Dec 2132667770
30 Sep 2131265750
30 Jun 2129866710
31 Mar 2127560670
31 Dec 2023639620
30 Sep 2021234580
30 Jun 2019227560
31 Mar 2017318560
31 Dec 1918331550
30 Sep 1916320540
30 Jun 1916323540
31 Mar 1916224530
31 Dec 1815622520
30 Sep 1816531520
30 Jun 1815927510
31 Mar 1815825500
31 Dec 1716226480
30 Sep 1716021470
30 Jun 1715823460
31 Mar 1715122440
31 Dec 1613820380
30 Sep 1612917410
30 Jun 1612213400
31 Mar 1612413390
31 Dec 1512713390
30 Sep 1513013380
30 Jun 1512511370

Quality Earnings: ITIC has high quality earnings.

Growing Profit Margin: ITIC's current net profit margins (13.6%) are higher than last year (11.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: ITIC's earnings have declined by 16.6% per year over the past 5 years.

Accelerating Growth: ITIC's earnings growth over the past year (28.1%) exceeds its 5-year average (-16.6% per year).

Earnings vs Industry: ITIC earnings growth over the past year (28.1%) did not outperform the Insurance industry 36.5%.

Return on Equity

High ROE: ITIC's Return on Equity (14%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/11 15:28
End of Day Share Price 2026/06/11 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Investors Title Company is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nathaniel OtisKeefe, Bruyette, & Woods