---
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"
generated_at: "2026-06-12T05:10:54.175687+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Investors Title posts Q2 net income of $7.6M, up from $2.3M; revenue down 18% to $58.3M

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001266
- JSON: https://secwatch.observer/filing/0001157523-23-001266.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001266.txt

## Key facts
- Earnings Releases
  INVESTORS TITLE CO reported three months ended June 30, 2023 results: revenue $58.3 million, net income $7.6 million, EPS $4.00.
  - Period: three months ended June 30, 2023
  - Revenue: $58.3 million
  - Net income: $7.6 million
  - EPS: $4.00
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/720858/000115752323001266/0001157523-23-001266-index.htm

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