earnings
confidence high
sentiment negative
materiality 0.70
Investors Title Q1 net income falls 55% to $6.2M ($3.25 EPS) on $5.9M equity investment loss
INVESTORS TITLE CO
2022-Q1 EPS reported
$3.25
revenue$68,998,000
- Total revenues $69.0M (-4.3% YoY); net premiums written record $63.1M (+2.7%).
- Escrow & title-related fees up 81% on expansion; non-title services up 16.7%.
- Operating expenses up 11.8% to $61.2M; claims expense down $1.4M.
- Non-GAAP income before taxes $13.7M (-2.6% YoY), excluding $5.9M fair-value loss.
- Chairman cites rising mortgage rates suppressing refinance but record purchase activity.