INVESTORS TITLE CO Segments Disclosure
| 2025 (in thousands) | Title Insurance | Exchange Services | All Other | Intersegment Eliminations | Total | ||||||||||||||||||||||||
| Insurance and other services revenues | $ | 251,052 | $ | 13,765 | $ | 10,275 | $ | (18,199) | $ | 256,893 | |||||||||||||||||||
| Net investment income | 11,977 | 243 | 3,642 | — | 15,862 | ||||||||||||||||||||||||
| Total revenues | 263,029 | 14,008 | 13,917 | (18,199) | 272,755 | ||||||||||||||||||||||||
| Commissions to agents | 124,450 | — | — | (10,781) | 113,669 | ||||||||||||||||||||||||
| Provision for claims | 4,607 | — | — | — | 4,607 | ||||||||||||||||||||||||
| Personnel expenses | 62,470 | 2,438 | 7,307 | — | 72,215 | ||||||||||||||||||||||||
| Other | 34,938 | 395 | 6,639 | (4,257) | 37,715 | ||||||||||||||||||||||||
| Total operating expenses | 226,465 | 2,833 | 13,946 | (15,038) | 228,206 | ||||||||||||||||||||||||
| Income (loss) before income taxes | $ | 36,564 | $ | 11,175 | $ | (29) | $ | (3,161) | $ | 44,549 | |||||||||||||||||||
| Total assets | $ | 259,982 | $ | 3,120 | $ | 100,036 | $ | — | $ | 363,138 | |||||||||||||||||||
| 2024 (in thousands) | Title Insurance | Exchange Services | All Other | Intersegment Eliminations | Total | ||||||||||||||||||||||||
| Insurance and other services revenues | $ | 242,529 | $ | 10,746 | $ | 8,192 | $ | (21,109) | $ | 240,358 | |||||||||||||||||||
| Net investment income | 12,804 | 358 | 4,778 | — | 17,940 | ||||||||||||||||||||||||
| Total revenues | 255,333 | 11,104 | 12,970 | (21,109) | 258,298 | ||||||||||||||||||||||||
| Commissions to agents | 120,307 | — | — | (12,964) | 107,343 | ||||||||||||||||||||||||
| Provision for claims | 4,530 | — | — | — | 4,530 | ||||||||||||||||||||||||
| Personnel expenses | 64,138 | 2,425 | 5,950 | — | 72,513 | ||||||||||||||||||||||||
| Other | 34,393 | 333 | 3,149 | (3,426) | 34,449 | ||||||||||||||||||||||||
| Total operating expenses | 223,368 | 2,758 | 9,099 | (16,390) | 218,835 | ||||||||||||||||||||||||
| Income before income taxes | $ | 31,965 | $ | 8,346 | $ | 3,871 | $ | (4,719) | $ | 39,463 | |||||||||||||||||||
| Total assets | $ | 232,932 | $ | 6,179 | $ | 94,460 | $ | — | $ | 333,571 | |||||||||||||||||||
2023 (in thousands) | Title Insurance | Exchange Services | All Other | Intersegment Eliminations | Total | ||||||||||||||||||||||||
| Insurance and other services revenues | $ | 207,140 | $ | 13,270 | $ | 7,800 | $ | (19,715) | $ | 208,495 | |||||||||||||||||||
| Net investment income | 12,303 | 196 | 3,756 | — | 16,255 | ||||||||||||||||||||||||
| Total revenues | 219,443 | 13,466 | 11,556 | (19,715) | 224,750 | ||||||||||||||||||||||||
| Commissions to agents | 98,170 | — | — | (14,796) | 83,374 | ||||||||||||||||||||||||
| Provision for claims | 4,762 | — | — | — | 4,762 | ||||||||||||||||||||||||
| Personnel expenses | 68,851 | 2,236 | 5,619 | — | 76,706 | ||||||||||||||||||||||||
| Other | 33,196 | 282 | 3,266 | (3,066) | 33,678 | ||||||||||||||||||||||||
| Total operating expenses | 204,979 | 2,518 | 8,885 | (17,862) | 198,520 | ||||||||||||||||||||||||
| Income before income taxes | $ | 14,464 | $ | 10,948 | $ | 2,671 | $ | (1,853) | $ | 26,230 | |||||||||||||||||||
| Total assets | $ | 216,622 | $ | 5,534 | $ | 108,403 | $ | — | $ | 330,559 | |||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 16, 2026 | Showing above |
| 2024 | Mar 17, 2025 | |
| 2023 | Mar 15, 2024 | |
| 2022 | Mar 14, 2023 | |
| 2021 | Mar 14, 2022 | |
| 2020 | Mar 15, 2021 | |
| 2019 | Mar 11, 2020 | |
| 2018 | Mar 13, 2019 | |
| 2017 | Mar 12, 2018 | |
| 2016 | Mar 10, 2017 | |
| 2015 | Mar 11, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.