| Business Summary | | Investors
Title
Company
is
engaged
in
the
issuance
of
title
insurance
through
two
title
insurance
subsidiaries,
Investors
Title
Insurance
Company
(ITIC)
and
Northeast
Investors
Title
Insurance
Company
(NE-ITIC);
and
provides
tax-free
exchange
services
through
Investors
Title
Exchange
Corporation
(ITEC)
and
Investors
Title
Accommodation
Corporation
(ITAC).
Through
ITIC
and
NE-ITIC
the
Company
underwrites
land
title
insurance
for
owners
and
mortgagees
as
a
primary
insurer
and
as
a
reinsurer
for
other
title
insurance
companies.
ITEC
acts
as
an
intermediary
in
tax-free
exchanges
of
property
held
for
productive
use
in
a
trade
or
business
or
for
investments,
and
its
income
is
derived
from
fees
for
handling
exchange
transactions.
ITAC
serves
as
exchange
accommodation
titleholder,
offering
a
vehicle
for
accomplishing
a
reverse
exchange
when
a
taxpayer
must
acquire
replacement
property
before
selling
the
relinquished
property. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Investors
Title
Company,
through
its
wholly-owned
subsidiaries,
is
licensed
to
insure
titles
to
residential,
institutional,
commercial
and
industrial
properties.
For
the
six
months
ended
6/30/01,
total
revenues
rose
40%
to
$28.6
million.
Net
income
rose
82%
to
$2.3
million.
Revenues
reflect
continued
growth
in
premiums
generated
in
new
operating
territories.
Net
income
also
reflects
a
decrease
in
the
provision
for
claims,
as
a
percentage
of
net
premiums
written. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| J. Allen Fine, 66 Chairman
and CEO | $348K | $9.3K | James Fine, Jr., 39 Pres,
Treasurer | 226K | -- | W. Morris Fine, 34 Exec.
VP, Sec., Director | 226K | -- | L. Dawn Martin, 35 VP
and Assistant Sec. | -- | -- | Elizabeth Bryan, 40 VP
and Assistant Sec. | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|