---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001625"
form_type: "8-K"
ticker: "ITIC"
cik: "0000720858"
company_name: "INVESTORS TITLE CO"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T01:18:52.423499+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Investors Title Q3 net income $7.1M ($3.75 EPS), revenue down 21.3% YoY

## Summary
- Net income $7.1M ($3.75 diluted EPS) vs $7.9M ($4.17) prior year; revenue $61.4M, down 21.3%.
- Title insurance revenues declined due to higher mortgage rates and housing inventory constraints.
- Operating expenses decreased 22.3% due to lower agent commissions and personnel costs.
- Adjusted income before taxes (non-GAAP) $9.4M, down 23.0% from $12.2M.
- Nine-month net income $15.9M ($8.37 EPS) vs $16.4M ($8.63) prior year.

## SEC filing metadata
- accession: 0001157523-23-001625
- form_type: 8-K
- ticker: ITIC
- cik: 0000720858
- company_name: INVESTORS TITLE CO
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/720858/000115752323001625/0001157523-23-001625-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/720858/000115752323001625/a53730543.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001625
- JSON: https://secwatch.observer/filing/0001157523-23-001625.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001625.txt

## Key facts
- Earnings Releases
  INVESTORS TITLE CO reported the nine months ended September 30, 2023 results: revenue $171.1 million, net income $15.9 million, EPS $8.37 per diluted share.
  - Period: the nine months ended September 30, 2023
  - Revenue: $171.1 million
  - Net income: $15.9 million
  - EPS: $8.37 per diluted share
  - Result: reported results
  source text: For the nine months ended September 30, 2023, net income decreased $527 thousand to $15.9 million, or $8.37 per diluted share, versus $16.4 million, or $8.63 per diluted share, for the prior year period. Revenues decreased 21.5% to $171.1 million, compared with $217.9 million for the prior year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/720858/000115752323001625/0001157523-23-001625-index.htm
- Earnings Releases
  INVESTORS TITLE CO reported the three months ended September 30, 2023 results: revenue $61.4 million, net income $7.1 million, EPS $3.75 per diluted share.
  - Period: the three months ended September 30, 2023
  - Revenue: $61.4 million
  - Net income: $7.1 million
  - EPS: $3.75 per diluted share
  - Result: reported results
  source text: The Company reported net income of $7.1 million, or $3.75 per diluted share, for the three months ended September 30, 2023, compared to $7.9 million, or $4.17 per diluted share, for the prior year period. Revenues decreased 21.3% to $61.4 million, compared with $78.0 million for the prior year quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/720858/000115752323001625/0001157523-23-001625-index.htm

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