Investors Title Q3 net income rises 31% to $9.3M; revenue up 12% to $68.8M

INVESTORS TITLE CO

2024-Q3 EPS reported $12.02 revenue$187,670,000

Net income $9.3M ($4.92 diluted EPS) vs $7.1M ($3.75) YoY; nine-month net income $22.7M ($12.02 EPS).
Revenue $68.8M (+12.1% YoY) driven by increased net premiums written, especially in Texas and Florida.
Operating expenses $57.2M (+8.4%) on higher agent commissions; personnel costs down on lower staffing.
Adjusted pre-tax income (excl. investment gains) $10.6M vs $9.4M YoY; GAAP pre-tax income $11.6M.
Chairman notes volume stabilized and Q3 higher than Q2; rates declined but offset by strong economic data.

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