---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000749"
form_type: "8-K"
ticker: "ITIC"
cik: "0000720858"
company_name: "INVESTORS TITLE CO"
filed_at: "2023-05-05T23:59:59+00:00"
generated_at: "2026-06-15T18:35:22.936761+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ITIC Q1 2023 net income $1.2M ($0.62 EPS) from $6.2M ($3.25); revenue -25.6%

## Summary
- Net income of $1.2M ($0.62 diluted EPS) vs $6.2M ($3.25 diluted EPS) in Q1 2022.
- Revenue fell 25.6% to $51.3M from $69.0M; title insurance revenues down 38.3%.
- Operating expenses decreased 18.7% mainly due to $10.5M decline in agent commissions.
- Provision for claims increased $892K due to lower favorable loss development.
- Management cites higher mortgage rates and housing supply constraints weighing on volumes.

## SEC filing metadata
- accession: 0001157523-23-000749
- form_type: 8-K
- ticker: ITIC
- cik: 0000720858
- company_name: INVESTORS TITLE CO
- filed_at: 2023-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/720858/000115752323000749/0001157523-23-000749-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/720858/000115752323000749/a53394032.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000749
- JSON: https://secwatch.observer/filing/0001157523-23-000749.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000749.txt

## Key facts
- Earnings Releases
  INVESTORS TITLE CO reported the quarter ended March 31, 2023 results: revenue $51.3 million, net income $1.2 million, EPS $0.62 per diluted share.
  - Period: the quarter ended March 31, 2023
  - Revenue: $51.3 million
  - Net income: $1.2 million
  - EPS: $0.62 per diluted share
  - Result: reported results
  source text: The Company reported net income of $1.2 million, or $0.62 per diluted share, compared with net income of $6.2 million, or $3.25 per diluted share, for the prior year period. Revenues decreased 25.6% to $51.3 million, compared to $69.0 million in the prior year period
  evidence_url: https://www.sec.gov/Archives/edgar/data/720858/000115752323000749/0001157523-23-000749-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.