---
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"
generated_at: "2026-06-06T03:56:12.596299+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Investors Title Q4 net income down 22.5% to $5.8M; full-year revenues fall 20.7%

## Summary
- 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.

## SEC filing metadata
- 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
- 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/720858/000115752324000227/0001157523-24-000227-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/720858/000115752324000227/a53895098.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-24-000227
- JSON: https://secwatch.observer/filing/0001157523-24-000227.json
- Plain text: https://secwatch.observer/filing/0001157523-24-000227.txt

## Key facts
- Earnings Releases
  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.
  - Period: the fourth quarter and year ended December 31, 2023
  - Net income: net income decreased 22.5% to $5.8 million, or $3.09 per diluted share
  - Result: reported results
  source text: Investors Title Company (Nasdaq: ITIC) today announced results for the fourth quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/720858/000115752324000227/0001157523-24-000227-index.htm

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