Investors Title Q4 revenue down 1.6% due to decline in net premiums written

+1.03%

Investors Title Company

ITIC

223.23

+1.03%

Overview

Title insurance provider's Q4 revenue decreased 1.6% yr/yr due to lower net premiums
Net income for Q4 fell to $7.5 mln from $8.4 mln yr/yr
Operating expenses rose slightly due to higher personnel and other costs

Outlook

Company did not provide specific guidance for future quarters or the full year in its press release

Result Drivers

NET PREMIUMS DECLINE - Decrease in net premiums written due to market-driven factors impacting prior year accruals
NON-TITLE SERVICES GROWTH - Increase in non-title services revenue driven by like-kind exchanges and management services
OPERATING EXPENSES - Slight increase in operating expenses due to higher personnel costs and professional services charges

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Premiums Written		$55.40 mln
Q4 EPS		$3.97
Q4 Net Income		$7.52 mln
Q4 Basic EPS		$3.98
Q4 Operating Expenses		$59.91 mln
Q4 Pretax Profit		$9.61 mln

Press Release: ID:nBwbdDcVfa

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