Investors Title Company (ITIC) financial statements (2021 and earlier)

Company profile

Business Address 121 N COLUMBIA ST
CHAPEL HILL, NC 27514
State of Incorp. NC
Fiscal Year End December 31
SIC 6361 - Title Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments29395144342918
Cash and cash equivalents14261920282216
Short-term investments15133324773
Receivables   0   
Total current assets:29395144342918
Noncurrent Assets
Operating lease, right-of-use asset44
Property, plant and equipment11101010975
Long-term investments and receivables  75443
Long-term investments  75443
Intangible assets, net (including goodwill), including:101011111211
Goodwill44444  
Intangible assets, net (excluding goodwill)5667811
Other undisclosed intangible assets, net (including goodwill)(0)(0)(0)    
Total noncurrent assets:2425282725129
Other undisclosed assets230200165178169171170
TOTAL ASSETS:283264244249229212198
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities115    
Taxes payable115    
Debt 1     
Total current liabilities:125    
Noncurrent Liabilities
Long-term debt and lease obligation33     
Operating lease, liability33
Liabilities, other than long-term debt9      
Deferred income tax liabilities9 
Total noncurrent liabilities:113     
Other undisclosed liabilities71676471746960
Total liabilities:83736971746960
Stockholders' equity
Stockholders' equity attributable to parent200191176178155143138
Common stock   0000
Accumulated other comprehensive income43116121113
Retained earnings196188175162143131125
Stockholders' equity attributable to noncontrolling interest   000 
Total stockholders' equity:200191176178155143138
TOTAL LIABILITIES AND EQUITY:283264244249229212198

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues236184156162138127123
Cost of revenue(5)(4) (3)(0)(4)(5)
Policyholder benefits and claims incurred, net(5)(4) 
Financial services costs(3)(0)(4)(5)
Gross profit:231180156158138123118
Operating expenses(120)(85)(77)(115)(101)(96)(26)
Operating income:112957943382792
Nonoperating income
(Investment Income, Nonoperating)
      4
Other undisclosed loss from continuing operations before equity method investments, income taxes(62)(55)(52)(13)(9)(9)(83)
Income from continuing operations before income taxes:50402730281813
Income tax expense(10)(8)(5)(5)(9)(5)(4)
Net income:39312226201310
Net income (loss) attributable to noncontrolling interest  000(0)(0)
Net income available to common stockholders, diluted:39312226201310

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:39312226201310
Other comprehensive income (loss)12(1)40(1)2
Comprehensive income:41342030201111
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  000(0)0
Other undisclosed comprehensive loss, net of tax, attributable to parent      (0)
Comprehensive income, net of tax, attributable to parent:41342130201111

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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