Investors Title Co (ITIC) Reports Q2 EPS of $2.05
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Investors Title Company Announces Second Quarter 2015 Results
August 5, 2015 8:29 AM EDTCHAPEL HILL, N.C.--(BUSINESS WIRE)-- Investors Title Company today announced its results for the second quarter ended June 30, 2015. Net income attributable to the Company increased 22.1% to $4,120,497, or $2.05 per diluted share, compared with $3,373,598, or $1.65 per diluted share, for the prior year quarter.
Revenues increased 6.8% to $35,481,807 versus the prior year quarter, primarily due to net realized gains on investments and increases in other revenues. Net premiums written also increased 2.1% to a quarterly record level of $30,464,581, even as a greater share of our policy volume originated in markets with lower average premium rates versus the prior year quarter.... More
