secwatch.observer — SEC 8-K summary
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Issuer:     INVESTORS TITLE CO (ITIC)
CIK:        0000720858
Form:       8-K
Filed at:   2022-11-04T23:59:59+00:00
Accession:  0001157523-22-001532
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Investors Title Q3 net income $7.9M, down 46% YoY; revenue $78.0M
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- Net income $7.9M, diluted EPS $4.17, vs $14.5M and $7.63 in prior year quarter.
- Revenue $78.0M, down 4.2% YoY, including $4.6M unrealized loss on equity portfolio.
- Net premiums written fell 7.9%; escrow fees rose 54.4% and non-title services up 57.5%.
- Income before taxes down 45.3% to $10.1M; non-GAAP (excl. equity fair value changes) down 23.5% to $14.7M.
- Chairman cites rising mortgage rates softening real estate demand; growth initiatives partially offset impact.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720858/000115752322001532/0001157523-22-001532-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720858/000115752322001532/a52960246.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-001532

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