{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-23-001266","form_type":"8-K","ticker":"ITIC","cik":"0000720858","company_name":"INVESTORS TITLE CO","filed_at":"2023-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.499222+00:00","generated_at":"2026-06-12T05:10:54.175687+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Investors Title posts Q2 net income of $7.6M, up from $2.3M; revenue down 18% to $58.3M","bullets":["Net income $7.6M ($4.00 diluted EPS) vs $2.3M ($1.20) a year ago; EPS more than tripled.","Revenue fell 17.8% to $58.3M, driven by lower title insurance volume amid higher mortgage rates.","Operating expenses decreased 28.7% due to lower agent commissions, personnel, and other costs.","Non-GAAP adjusted pre-tax income (excl. investment gains) declined 33.1% to $8.8M from $13.1M.","Year-to-date net income $8.8M ($4.62/sh) vs $8.5M ($4.45/sh) on revenue down 21.6%."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-23-001266","json":"https://secwatch.observer/filing/0001157523-23-001266.json","markdown":"https://secwatch.observer/filing/0001157523-23-001266.md","text":"https://secwatch.observer/filing/0001157523-23-001266.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/720858/000115752323001266/0001157523-23-001266-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/720858/000115752323001266/a53509051.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T05:10:54.175687+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"38fd35f8cd859d29a5bbbbc7e9568724148cb1d1","claim":"INVESTORS TITLE CO reported three months ended June 30, 2023 results: revenue $58.3 million, net income $7.6 million, EPS $4.00.","evidence_excerpt":"The Company reported net income of $7.6 million, or $4.00 per diluted share, for the three months ended June 30, 2023, compared to $2.3 million, or $1.20 per diluted share, for the prior year period. Revenues decreased 17.8% to $58.3 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/720858/000115752323001266/0001157523-23-001266-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended June 30, 2023"},{"label":"Revenue","value":"$58.3 million"},{"label":"Net income","value":"$7.6 million"},{"label":"EPS","value":"$4.00"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}