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Surety Title Insurance

Investors Title Company (ITIC) is a specialty insurance company based in Chapel Hill, North Carolina. The company primarily provides title insurance for residential and commercial real estate transactions in the United States. Title insurance protects buyers and lenders from financial losses due to defects or issues related to the property's title, such as liens, easements, or claims of ownership.

As of my knowledge up to 2021:

A. Company Financials:

1. Revenue: For the fiscal year 2020, Investors Title Co. reported total revenues of $90.4 million, representing a decrease from the $95.4 million reported in 2019. This slight decline in revenue might be attributed to the COVID-19 pandemic and its impact on the real estate market.

2. Net Income: In 2020, the company posted a net income of $23.8 million, a minor increase from the $23.4 million reported in 2019. This growth indicates that the company has been able to maintain its profitability even in the face of revenue fluctuations.

B. Earnings & Growth:

1. Earnings per Share (EPS): For the fiscal year 2020, Investors Title Co. reported basic and diluted EPS of $3.21, a slight increase from the $3.13 reported in 2019. This growth in EPS suggests that the company's earnings have been steady and growing moderately.

2. Book Value: As of December 31, 2020, the company's book value per share was $42.25, an increase from $39.43 as of December 31, 2019. This rising book value indicates that the company's net assets are growing over time.

3. Dividends: Investors Title Co. has a history of paying dividends to its shareholders. As of 2021, the company pays an annual dividend of $1.00 per share, representing a dividend yield of approximately 1.2% based on the stock price around $80.

C. Future Growth Prospects:

The company's growth prospects are closely tied to the housing and commercial real estate markets. Given the recovery in the US real estate market and the gradual reopening of the economy following the COVID-19 pandemic, Investors Title Co. is well-positioned to benefit from the increased real estate transactions and refinancing activities.

Moreover, Investors Title Co. has a strong reputation, financial position, and focused business model, which should enable it to continue its growth trajectory in the long term. Investors should, however, conduct their research and consider seeking professional financial advice before making investment decisions.