Company Quick10K Filing
Investors Title
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 2 $305
10-Q 2019-11-07 Quarter: 2019-09-30
10-Q 2019-08-08 Quarter: 2019-06-30
10-Q 2019-05-08 Quarter: 2019-03-31
10-K 2019-03-13 Annual: 2018-12-31
10-Q 2018-11-07 Quarter: 2018-09-30
10-Q 2018-08-08 Quarter: 2018-06-30
10-Q 2018-05-10 Quarter: 2018-03-31
10-K 2018-03-12 Annual: 2017-12-31
10-Q 2017-11-07 Quarter: 2017-09-30
10-Q 2017-08-08 Quarter: 2017-06-30
10-Q 2017-05-08 Quarter: 2017-03-31
10-K 2017-03-10 Annual: 2016-12-31
10-Q 2016-11-07 Quarter: 2016-09-30
10-Q 2016-08-08 Quarter: 2016-06-30
10-Q 2016-05-06 Quarter: 2016-03-31
10-K 2016-03-11 Annual: 2015-12-31
10-Q 2015-11-09 Quarter: 2015-09-30
10-Q 2015-08-07 Quarter: 2015-06-30
10-Q 2015-05-07 Quarter: 2015-03-31
10-K 2015-03-13 Annual: 2014-12-31
10-Q 2014-11-06 Quarter: 2014-09-30
10-Q 2014-08-08 Quarter: 2014-06-30
10-Q 2014-05-09 Quarter: 2014-03-31
10-K 2014-03-14 Annual: 2013-12-31
10-Q 2013-11-07 Quarter: 2013-09-30
10-Q 2013-08-08 Quarter: 2013-06-30
10-Q 2013-05-10 Quarter: 2013-03-31
10-K 2013-03-14 Annual: 2012-12-31
10-Q 2012-11-13 Quarter: 2012-09-30
10-Q 2012-08-13 Quarter: 2012-06-30
10-Q 2012-05-08 Quarter: 2012-03-31
10-K 2012-03-15 Annual: 2011-12-31
10-Q 2011-11-14 Quarter: 2011-09-30
10-Q 2011-08-09 Quarter: 2011-06-30
10-Q 2011-04-29 Quarter: 2011-03-31
10-K 2011-03-09 Annual: 2010-12-31
10-Q 2010-10-29 Quarter: 2010-09-30
10-Q 2010-08-02 Quarter: 2010-06-30
10-Q 2010-04-30 Quarter: 2010-03-31
10-K 2010-03-05 Annual: 2009-12-31
8-K 2019-11-04 Earnings, Exhibits
8-K 2019-08-05 Earnings, Exhibits
8-K 2019-05-15 Officers, Shareholder Vote, Exhibits
8-K 2019-05-03 Earnings, Exhibits
8-K 2019-02-08 Earnings, Exhibits
8-K 2018-11-02 Earnings, Exhibits
8-K 2018-08-06 Earnings, Exhibits
8-K 2018-05-16 Shareholder Vote
8-K 2018-05-08 Earnings, Exhibits
8-K 2018-02-07 Earnings, Exhibits

Investors Title Financials

ITIC Metrics, Comps, Filings

Annual | Quarterly

Business

Investors Title Company (the "Company") is a holding company that operates through its subsidiaries and was incorporated in the state of North Carolina in 1973. The Company became operational in 1976, when it acquired Investors Title Insurance Company ("ITIC"), which had itself been operating since 1972, as a wholly owned subsidiary under a plan of exchange of shares of common stock. In 1983, the Company acquired National Investors Title Insurance Company ("NITIC"), formerly Northeast Investors Title Insurance Company, which had itself been operating since 1973, as a wholly owned subsidiary under a plan of exchange of shares of common stock. The Company's executive offices are located at 121 North Columbia Street, Chapel Hill, North Carolina 27514 and its telephone number is (919) 968-2200. The Company maintains a website at www.invtitle.com.

Through its two wholly owned title underwriting subsidiaries, ITIC and NITIC, the Company underwrites title insurance for owners and mortgagees as a primary insurer. ITIC and NITIC offer primary title insurance coverage to owners and mortgagees of real estate and assume reinsurance of title insurance risks from other title insurance companies. The commitments and policies are predominantly issued using standard forms approved by the American Land Title Association ("ALTA").

Title insurance protects against losses resulting from title defects affecting real property. Upon a real estate closing, the seller of real property executes a deed to the new owner, and typically, the property is encumbered with a new mortgage. When real property is conveyed from one party to another, occasionally there is an undisclosed or undiscovered defect in the title or a mistake or omission in a prior deed or mortgage that may give a third party a legal claim against such property or result in the invalidity or unenforceability of the insured mortgage. If a claim is made against the title to real property, title insurance provides indemnification against covered defects.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Marsh & McLennan (MMC) 49,955,840 0% 19.8 5% 32,116,000 15,636,000 0 1,503,000 3,076,000 60,934,840
Aon (AON) 46,833,024 0% 16.3 7% 29,807,000 25,894,000 18,868,000 0 1,992,000 3,244,000 52,992,024
Fanhua (FANH) 27,468,869 0% 3,866,611 1,119,885 0 0 0 0 26,620,703
Willis Towers Watson (WLTW) 24,563,500 0% 12.6 3% 35,166,000 24,934,000 8,591,000 0 1,103,000 2,235,000 28,222,500
Arthur J Gallagher (AJG) 16,682,004 42% 20.7 4% 19,200,300 14,252,500 7,084,300 2,973,900 728,800 868,900 17,951,004
Fidelity National Financial (FNF) 10,932,755 0% 8.0 7% 10,189,000 4,893,000 6,392,000 0 757,000 1,272,000 10,177,755
AXA Equitable Holdings (EQH) 10,448,195 0% 3.9 1% 238,597,000 221,952,000 11,112,000 0 1,277,000 1,466,000 5,714,195
Brown & Brown (BRO) 9,125,667 0% 15.4 5% 7,164,767 3,984,136 2,234,097 0 385,994 661,544 10,174,896
First American Financial (FAF) 6,256,010 0% 5.8 5% 11,443,178 7,355,144 5,761,500 0 541,729 841,645 4,844,045
Argo Group (ARGO) 2,387,994 0% 13.3 1% 10,166,700 8,237,700 1,496,700 0 117,000 209,400 2,785,094
Ehealth (EHTH) 1,787,705 100% 151.4 1% 583,494 140,229 310,208 308,911 6,187 11,032 1,670,215
Corvel (CRVL) 1,542,976 21% 15.7 11% 427,864 224,047 595,481 126,590 48,332 91,423 1,438,551
Stewart Information Services (STC) 944,143 0% 8.1 3% 1,477,039 776,212 1,848,168 0 49,319 91,929 742,938
Goosehead Insurance (GSHD) 757,143 0% 40.2 30% 38,092 68,640 73,290 0 11,576 19,537 786,137
Investors Title (ITIC) 305,256 0% 8.7 9% 256,494 68,199 134,570 0 22,895 30,931 268,579
Health Insurance Innovations (HIIQ) 296,098 0% 12.0 2% 508,154 410,805 219,695 0 12,337 33,628 403,792
Argo Group International Holdings (ARGD)
BRP Group (BRP)
Erie Indemnity (ERIE) 0% -0.6 16% 1,889,647 826,193 2,430,410 0 305,825 404,945 -239,488

Balance Sheet ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash18,04220,8107,2117,9428,34710,17820,21418,694
Accounts Receivable
Inventory
PP&E3,5533,6032,50512,5312,2892,34110,17310,304
Assets157,958171,918129,631139,741146,077157,668248,913244,268
Accounts Payable
Long-Term Debt
Liabilities51,44656,7861,5692,1773,4082,62370,99268,629
Stockholders' Equity106,512114,639128,062137,564142,670155,045177,835175,639
Income Statement ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue90,685115,0791,1161,3241,5341,453161,649156,259
Cost of Revenue
Gross Profit
R&D
SG&A
Tax2,5654,889-2632,6994,5985,0684,5705,210
Net Income6,93411,19114,7979,67212,54919,51525,70121,859
Cash Flow ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating9,0078,708-1,9531,512777-52419,89324,386
Cash Investing7,303-1,4814,5948835,8199,913-20,288-2,807
Cash Financing-6,385-4,459-4,844-1,663-6,192-7,558-7,319-23,099