earnings
confidence high
sentiment positive
materiality 0.70
Investors Title Q3 net income $14.5M ($7.63 EPS); revenue up 20.4% to $81.4M
INVESTORS TITLE CO
2021-Q3 EPS reported
$25.34
revenue$238,455,000
- Net premiums written set all-time quarterly record of $72.3M, up 26.5% YoY.
- Adjusted income before taxes (non-GAAP) rose 26.3% to $19.2M, excluding equity security valuation changes.
- Escrow and title-related fees surged 79.3% on higher commission income and ancillary services.
- Operating expenses increased 29.1% due to higher agent commissions and personnel costs.
- Nine-month net income $48.1M ($25.34 diluted) vs $22.8M ($12.02) in prior year period.