{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-24-000227","form_type":"8-K","ticker":"ITIC","cik":"0000720858","company_name":"INVESTORS TITLE CO","filed_at":"2024-02-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.751418+00:00","generated_at":"2026-06-06T03:56:12.596299+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Investors Title Q4 net income down 22.5% to $5.8M; full-year revenues fall 20.7%","bullets":["Q4 net income $5.8M ($3.09 diluted EPS) vs $7.5M ($3.97) prior year, down 22.5%.","Q4 revenues $53.7M, down 18.0% from $65.5M, driven by lower title insurance volumes due to higher mortgage rates.","FY2023 net income $21.7M ($11.45 diluted EPS) vs $23.9M ($12.59), down 9.3%; revenues $224.8M down 20.7%.","Adjusted pre-tax income (non-GAAP) Q4 fell 13.8% to $3.5M; full-year fell 44.9% to $22.8M.","Chairman: rates peaked at 7.8% in Oct, fell to 6.6% by year-end; expects improved housing affordability in 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-24-000227","json":"https://secwatch.observer/filing/0001157523-24-000227.json","markdown":"https://secwatch.observer/filing/0001157523-24-000227.md","text":"https://secwatch.observer/filing/0001157523-24-000227.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/720858/000115752324000227/0001157523-24-000227-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/720858/000115752324000227/a53895098.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T03:56:12.596299+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":"a0f6f8e11392c43410b125194a5c058ae7fe35de","claim":"INVESTORS TITLE CO reported the fourth quarter and year ended December 31, 2023 results: net income net income decreased 22.5% to $5.8 million, or $3.09 per diluted share.","evidence_excerpt":"Investors Title Company (Nasdaq: ITIC) today announced results for the fourth quarter and year ended December 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/720858/000115752324000227/0001157523-24-000227-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and year ended December 31, 2023"},{"label":"Net income","value":"net income decreased 22.5% to $5.8 million, or $3.09 per diluted share"},{"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"}