财务数据关键指标变化 - 公司固定期限证券投资组合规模为1.046亿美元[228] - 利率上升100个基点将导致固定期限证券公允价值减少约330万美元[229] - 权益证券投资规模为6110万美元[231] - 市场价格下跌10%将导致权益证券公允价值减少约610万美元[231] - 固定期限证券平均信用质量为AA-[227] 各条业务线表现 - 再保险业务收入占保费总额比例连续三年低于1%[34] - 公司通过两家全资子公司ITIC和NITIC开展主要保险业务，ITIC在44个州及哥伦比亚特区持牌，NITIC在20个州及哥伦比亚特区持牌[29][30] - 公司提供税务递延财产交换服务（通过ITEC/ITAC）、投资管理信托服务（Investors Trust）及管理咨询服务（ITMS）[36][37] 各地区表现 - 公司保费收入高度依赖特定市场，北卡罗来纳州占保费收入39.1%，德克萨斯州占18.2%，佐治亚州占11.2%，南卡罗来纳州占9.4%[9] 成本和费用 - 保费确认方式为交易完成时一次性确认收入，通过代理渠道发行时代理保留大部分保费作为佣金[27] 风险管理 - 所有权保险主要风险包括产权缺陷、抵押无效、地役权纠纷及伪造文件等潜在损失[20] - 索赔准备金基于已知索赔及历史经验数据计提，但受经济条件和市场波动影响存在估计 variability[25] - 所有权保险采用损失规避模式，最大赔偿责任为保单面额加辩护费用[24] - 保险子公司需满足法定资本和盈余要求，且分红需经监管预先批准[9] 市场与行业趋势 - 房地产交易量、抵押贷款发起量及利率变化直接影响所有权保险需求[9][39] - 四大产权保险公司占据美国市场份额超过85%[49] - 产权保险业务具有季节性特征，第一季度活动水平最低[40] 投资组合构成 - 公司投资组合主要包括市政证券和投资级公司固定期限证券[51] - 公司投资组合不包含对银行、信托或保险公司的重大投资[51] 人力资源 - 公司拥有340名全职员工和62名兼职员工[55]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to ___________________ Commission File Number: 0-11774 INVESTORS TITLE COMPANY (Exact name of registrant as specified in its charter) North Carol ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to ___________________ Commission File Number: 0-11774 INVESTORS TITLE COMPANY (Exact name of registrant as specified in its charter) North Carolina 5 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to ___________________ Commission File Number: 0-11774 INVESTORS TITLE COMPANY (Exact name of registrant as specified in its charter) North Car ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2018 [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from __to __ Commission file number 0-11774 INVESTORS TITLE COMPANY (Exact name of registrant as specified in its charter) North Carolina 56-1110199 (State or other jurisdiction ...