您的浏览器禁用了JavaScript(一种计算机语言,用以实现您与网页的交互),请解除该禁用,或者联系我们。 [美股财报]:投资者不动产 2025年季度报告 - 发现报告

投资者不动产 2025年季度报告

2025-05-12 美股财报 徐红金
报告封面

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch31, 2025 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) (919)968-2200(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934: Title of each class Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company.See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of April25, 2025, there were1,886,268common shares of the registrant outstanding. INDEX PART I.FINANCIAL INFORMATION Item 1.Financial Statements (unaudited): Consolidated Balance Sheets as ofMarch31, 2025 and December31, 2024 Consolidated Statements of Operations For theThree Months Ended March31, 2025 and 2024 Consolidated Statements of Comprehensive Income For theThreeMonths Ended March31, 2025 and 2024 3 Consolidated Statements of Stockholders’ Equity For theThree Months Ended March31, 2025 and 2024 4 Investors Title Company and SubsidiariesConsolidated Balance SheetsAs of March31, 2025 and December31, 2024 Investors Title Company and SubsidiariesConsolidated Statements of OperationsFor the Three Months Ended March31, 2025 and 2024 Investors Title Company and SubsidiariesConsolidated Statements of Comprehensive IncomeFor the Three Months Ended March31, 2025 and 2024 Investors Title Company and SubsidiariesConsolidated Statements of Stockholders’ EquityFor the Three Months Ended March31, 2025 and 2024 INVESTORS TITLE COMPANYAND SUBSIDIARIESNotes to Consolidated Financial Statements Note 1 –Basis of Presentation and Significant Accounting Policies Reference should be made to the “Notes to Consolidated Financial Statements” appearing in the Annual Report on Form 10-K forthe year ended December31, 2024 of Investors Title Company (the “Company”) for a complete description of the Company’s Principles of Consolidation– The accompanying unaudited Consolidated Financial Statements include the accounts andoperations of Investors Title Company and its subsidiaries, and have been prepared in accordance with accounting principles generallyaccepted in the United States ("GAAP") for interim financial information, with the instructions to Form 10-Q and with Article 10 of In the opinion of management, all adjustments considered necessary for a fair presentation of the financial position, results ofoperations and cash flows of the Company in the accompanying unaudited Consolidated Financial Statements have been included. Allsuch adjustments are of a normal recurring nature. Operating results for the three-month period ended March31, 2025 are not Use of Estimates and Assumptions– The preparation of the Company’s unaudited Consolidated Financial Statements inconformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and Subsequent Events– The Company has evaluated and concluded that there were no material subsequent events requiring Activity in the reserve for claims for the three-month period ended March31, 2025 and the year ended December31, 2024 issummarized as follows: The total reserve for all reported and unreported losses the Company incurred through March31, 2025 is represented by thereserve for claims on the unaudited Consolidated Balance Sheets. The Company's reserves for unpaid losses and loss adjustmentexpenses are established using estimated amounts required to settle claims for which notice has been received (reported) and theamount estimated to be required to satisfy claims that have been incurred but not yet reporte