Investors Title Company (ITIC) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments39514434291832
Cash and cash equivalents26192028221624
Short-term investments1333247738
Receivables  0    
Total current assets:39514434291832
Noncurrent Assets
Operating lease, right-of-use asset4
Property, plant and equipment1010109754
Long-term investments and receivables 75443 
Long-term investments 75443 
Intangible assets, net (including goodwill), including:10111112111
Goodwill4444   
Intangible assets, net (excluding goodwill)6678111
Other undisclosed intangible assets, net (including goodwill)(0)(0)    
Total noncurrent assets:252827251296
Other undisclosed assets200165178169171170151
TOTAL ASSETS:264244249229212198188
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities15     
Taxes payable15     
Debt1      
Total current liabilities:25     
Noncurrent Liabilities
Long-term debt and lease obligation3      
Operating lease, liability3
Total noncurrent liabilities:3      
Other undisclosed liabilities67647174696060
Total liabilities:73697174696060
Temporary equity, carrying amount      1
Stockholders' equity
Stockholders' equity attributable to parent191176178155143138128
Common stock  00000
Accumulated other comprehensive income311612111311
Retained earnings188175162143131125117
Stockholders' equity attributable to noncontrolling interest  000  
Total stockholders' equity:191176178155143138128
TOTAL LIABILITIES AND EQUITY:264244249229212198188

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues184156162138127123126
Cost of revenue(4) (3)(0)(4)(5) 
Policyholder benefits and claims incurred, net(4) 
Financial services costs(3)(0)(4)(5) 
Gross profit:180156158138123118126
Operating expenses(85)(77)(115)(101)(96)(26)(27)
Operating income:95794338279299
Nonoperating income
(Investment Income, Nonoperating)
     44
Other undisclosed loss from continuing operations before equity method investments, income taxes(55)(52)(13)(9)(9)(83)(82)
Income from continuing operations before income taxes:40273028181322
Income tax expense(8)(5)(5)(9)(5)(4)(7)
Net income:31222620131015
Net income (loss) attributable to noncontrolling interest 000(0)(0)(0)
Net income available to common stockholders, diluted:31222620131015

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:31222620131015
Other comprehensive income (loss)2(1)40(1)23
Comprehensive income:34203020111117
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 000(0)00
Other undisclosed comprehensive loss, net of tax, attributable to parent     (0)(0)
Comprehensive income, net of tax, attributable to parent:34213020111117

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: