Investors Title Q2 net income rises 17% to $8.9M; revenue up 12% to $65.4M

INVESTORS TITLE CO

2024-Q2 EPS reported $7.10 revenue$118,841,000

Diluted EPS of $4.70 vs $4.00 in prior year; net income $8.9M vs $7.6M.
Revenue increased 12.1% to $65.4M driven by higher premiums written and average home prices.
Operating expenses up 11.7% but personnel expenses decreased due to lower staffing levels.
Adjusted income before taxes (non-GAAP) rose to $10.0M from $8.8M in the prior year quarter.
Six-month net income $13.4M ($7.10 per share) vs $8.8M ($4.62) year-over-year.

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